Latest News – Page 900
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News
NGV aims to double output
NGV Tech Sdn Bhd, a Malaysian shipbuilder specialising in aluminium-hulled fast patrol boats, plans to double its present production capacity to 20 units from its present 10 to 12 units. Managing director Jamalolail Mohd Yatim said the company has submitted its proposal to acquire an additional 4.86ha, and the local ...
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PUM sees higher revenue
The Singapore-based shipbuilder, Pan-United Marine (PUM), said it expects to increase revenue and improve its operating margin in 2007 thanks to higher-value orders and a 50% jump in vessel deliveries.The company's two shipyards - one in Singapore and the other on the Indonesian island of Batam - were due to ...
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BAE eyeing DML
Mike Turner, chief executive of the UK?s defence company BAE, recently said that the firm was "looking very hard" at acquiring the Devonport-based naval support firm DML as part of its plans to drive consolidation in Britain's shipbuilding sector. Europe's largest defence company is already in separate talks with VT ...
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HHI successfully tests thruster
Hyundai Heavy Industry?s (HHI) Engine & Machinery Division recently successfully completed operational tests for a side thruster with a capacity of 2,000kW. The side thruster will be installed in a 145,000m3 LNG carrier for Korea Line Corporation currently being constructed at Daewoo Shipbuilding & Marine Engineering. Successful performance in the ...
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STX gets green light
The Vietnamese government has given the green light for STX Shipbuilding to build a $500 million shipyard covering 300 hectares in the central region. Prime Minister Nguyen Tan Dung had approved ?in principle? setting up the facility in Van Phong Economic Zone in Khanh Hoa province, but there were certain ...
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POSCO ponders DSME
South Korea?s POSCO Group has expressed interest in Daewoo Shipbuilding & Marine Engineering (DSME), which is slated to go on sale around September. The world's second-largest shipbuilder is regarded as an attractive target for POSCO as it uses nearly a million tonnes of steel plates annually to build vessels. "Personally, ...
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Daewoo wins drilling rig
Daewoo Shipbuilding has won a new order of a semi-submersible drilling rig from Odfjell Invest at a cost of $430 million. The new order also attaches one more option and delivery is scheduled for June 2010.
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DSME lands Knutsen LNG order
Knutsen OAS Shipping in Norway has been awarded a long-term time charter with the Spanish energy company Repsol for two LNG new buildings. The two vessels will be delivered from Daewoo Shipbuilding & Marine Engineering (DSME) in 2010. Both are secured 20 years employment with 5 respectively 15 years options. ...
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DNV and VR sign corporate agreement
DNV and Vietnam Register (VR) have recently signed a corporate agreement to strengthen both positions in the growing Vietnam market. The agreement outlines a co-operation in training and work sharing for single and dual classed vessels within newbuilding, ships-in-operation and certification of materials and components for the shipping industry within ...
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China overtakes Korea
Korea's shipbuilding industry, ranked top in the world, was overtaken by China's in terms of order volume last January for the first time ever. According to Thursday's report from Clarkson, a market researcher for the ship construction industry, the Korean shipbuilding industry received orders totalling 600,000 CGT (compensated gross tonnage) ...
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Ciotat shipyard set to reopen
Those who take their megayachts to Monaco this summer will have a new place to go if repairs are required. La Ciotat, the new shipyard from Monaco Marine and Semidep is possibly the largest megayacht facility in the Mediterranean.Construction began in 2005 on this huge facility in the French port ...
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Disney plans big expansion
The small but successful Disney Cruise Line has ordered two large cruise ships in a move that will more than double its passenger capacity. Disney CEO Bob Iger says the company has contracted with the Meyer Werft shipyard in Papenburg, Germany, to build the 2,500-passenger vessels, scheduled to launch in ...
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Davie Quebec gears up for newbuildings
When Davie shipyard located in Levis, Canada, went into receivership this time last year, the outlook for the old yard was bleak. However, the new Norwegian owner, Teco Management AC, a company new to the shipbuilding industry, has turned the yard around and is on the brink of securing a ...
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The product tanker ?Palva? delivered
The product tanker ?Palva? was delivered today from Bordosplit Shipyard in Split. The ?Palva? and her sister the ?Stena Poseidon?, which was delivered from the same shipyard in January, this year, are jointly owned by Concordia Maritime and Neste Shipping on a 50-50 basis. Both vessels have been signed to ...
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Mipo clinches four PCs
Hyundai Mipo Dockyard in South Korea won an order for four product carriers from a European ship owner for delivery by July 2010. The total contract price is $190 million.
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Penang yard to build chemical tankers
Penang Shipbuilding and Construction Sdn Bhd (PSC), a wholly-owned subsidiary of the PSC Industries Bhd (PSCI) in Malaysia, has secured a contract to build three chemical tankers valued at $42 million for Gagasan Carriers Sdn Bhd. Deliveries are scheduled for October 2008, January 2009 and March 2009.Bumiputera-owned Gagasan owns and ...
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STX Pan Ocean orders a PC
STX Pan Ocean Co in South Korea placed a new order for a 45,800DWT product carrier with STX Shipbuilding. Ship particulars are 183m in length, 32.2m in breadth and 19.1m in depth and has a speed of 15.2 knots. On November last year, the Korean shipping company placed an order ...
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DDD opens new dock
Dubai Dry Docks recently inaugurated the new extension to its ship repair and shipbuilding facilities. The new extension - the fifth dock - is to be added to the four existing dry docks and measures 130 metres long, 65 metres wide and a depth of five metres. The new drydock ...
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Wärtsilä extends Yichang licence
Wärtsilä Switzerland Ltd and Yichang Marine Diesel Engine Plant (YMD) of Yichang, China, jointly signed an agreement in January 2007 to extend the existing licence agreement for the manufacture and sale of Wärtsilä low-speed marine diesel engines. The new agreement enables YMD to deliver also certain types of low-speed engines ...
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Tug builder to expand
A shipyard in East Boothbay that has become the largest tugboat builder on the US East Coast is planning a multi-million-dollar expansion that could triple its work force of skilled boat-builders. Washburn & Doughty Associates Inc. has signed an agreement to buy 14 acres at a former oil terminal in ...
