Latest News – Page 904
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Asry upgrade
Construction work on the $20 million Arab Shipbuilding and Repair Yard Co. (Asry) slipway project was recently started. The contract for the project, to be completed by February 2008, was awarded to Ahmed Mansoor Al A'ali Company.The project, comprising two slipways, each with a dry berth length of 255 m, ...
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Vinashin to invest
Vinashin, Vietnam?s state-run shipbuilder, is to pump VND650 billion ($40 million) into building ten facilities to support the Dung Quat Shipbuilding Industrial Plant in central VietnamConstruction of the factories is scheduled to begin this quarter in the Dung Quat Economic Zone of Quang Ngai Province. Under the plan, the new ...
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DSME and SHI clinch LNG orders
The Korean shipbuilders Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy Industries (SHI) have received order to build a total of nine LNG carriers. DSME will build five of the gas carriers of which four 210,000 cbm have been ordered by Qatar Gas Transport Co (QCTC) and one 170,000 ...
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Hyundai profits skyrocket
Hyundai Heavy Industries (HHI) benefited from the global boom in shipbuilding by managing almost to quadruple its profits in 2006. Profits reached a record 712.8 billion won ($761 million) in 2006, up from 183.3 billion won in 2005. Improved productivity and higher delivery prices made a significant difference to the ...
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Double christening for Hamburg Sud
The 50,800 DWT container vessels ?Bahia? and ?Bahia Blanca? built for Hamburg Sud have been christened at the yard of Daewoo Shipbuilding & Marine Engineering (DSME) in Okpo, Korea. The two new ?Bahia? and ?Bahia Blanca? are the first of a total of 6 identical 3,752 TEU container ships ...
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Option for third semi exercised
Awilco Offshore (AWO) has, through its fully owned subsidiary OffRig Drilling, exercised an option with Yantai Raffles Shipyard in China to build the company?s third semi submersible drilling rig, to be named ?WilPromotor?. The rig will be built to meet the requirements for operating on the Norwegian Continental Shelf. ?WilPromotor? ...
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Wärtsilä acquires Senitec
Wärtsilä has signed an agreement to acquire the Swedish company Senitec AB in Varberg. The company is privately-owned and specializes in environmental technology products for separating waste such as oily water and sludge in power plants, harbours and ships. Senitec has 5 employees. This new business gives Wärtsilä the possibility ...
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Bharati wins Clipper deal
Bharati Shipyard in Mumbai, India, has signed a $130.5 million contract with Clipper Group (Management) Ltd. of the Bahamas to build six 20,000 dwt geared bulk carriers. These newbuildings will be of the first of the ?Inventor? series designed by Algoship and will measure 155 metres in length, 24 metres ...
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Aqua-Terra bags CNOOC job
Aqua-Terra, one of the three Singapore-listed oil services firms headed by Indonesian tycoon Kris Wiluan, said it would supply equipment and manage projects worth over $44 million for the Chinese oil major's CNOOC Oil Base Group. Aqua-Terra has also entered into a partnership with CNOOC to provide shipbuilding services. Under ...
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Deltamarin and V.Ships in JV
Deltamarin, the Finnish naval architecture and marine engineering group, and V.Ships Leisure, the provider of third party ship management and related services to the passenger shipping industry, have formed a joint venture company called V.Delta. The new company will provide safe, efficient, cost and time effective conversion solutions to cruise ...
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DNV eases adoption of IMO coating regs
Following considerable demand from shipyards across Asia, classification society DNV is preparing a sample Coating Technical File (CTF) as a guideline for shipbuilders to follow in the wake of the IMO-stipulated New Performance Standard for Protective Coatings (PSPC) on Water Ballast Tanks (WBT) adopted on 8 December, 2006.As part of ...
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Viking orders ropax from Spain
The Helsinki-based Nordic and Baltic cruise operator Viking Line has placed a $78 million order for a new passenger ship with Spanish shipyard Astilleros de Sevilla SA.The vessel, which is due for delivery in March 2009, will carry 1,500 passengers and 320 cars. Viking Line said the ship will operate ...
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Cosco to build well intervention semi
Cosco Shipyard Group in China has signed an LOI with Marine Accurate Well ASA in Norway to build a GM4000 semi-submersible for well intervention services valued at $200 million. The contract signing is expected later this month and includes an option for three more new vessels. The GM4000 is designed ...
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Thales DCN tie-up
Thales and the French state-owned shipyard DCN have reached a long-awaited tie-up agreement in which Thales will take a 25% stake in DCN as DCN takes over most of Thales' naval activities. The agreement gives Thales the possibility of raising its stake in DCN to 35% in two years.DCN will ...
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Hudong to invest in shipyards and technology
Hudong Heavy Machinery in China plans to raise RMB 12 billion ($1.54 billion) from a share placement that it will use to fund its purchase of shipyards and to invest in new technologies.With the proceeds, Hudong will buy 100% of Shanghai Waigaoqiao Shipbuilding Co. and CSSC Chengxi Shipyards and 54% ...
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MHI and DU form alliance
Mitsubishi Heavy Industries in Japan (MHI) has agreed to form a business alliance in low-speed diesel engines for marine use with Diesel United (DU), a subsidiary of Ishikawajima-Harima Heavy Industries (IHI). In addition to developing, producing and granting licenses for Mitsubishi-UE diesel engines, which are Japan's only independently developed low-speed ...
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Petrobras to build 26 tankers
Transpetro, the transportation arm of Brazilian oil giant Petrobras, has signed an agreement with the Atl?ntico Sul consortium for building 10 new Suezmax oil tankers. This is the first order in the company's fleet modernization and expansion program, which forecasts the building of 42 deep-sea vessels. According to Petrobras, its ...
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Japan and Korean yards win new orders
Tsuneishi Corporation in Japan has won a contract for four 82,100DWT bulk carriers from Andriaki costing $40 million each. They will be delivered during 2010. Shinwa Kaiun Kaisha in Japan ordered a 19,000DWT chemical tanker from Fukuoka Shipbuilding in Japan with delivery of March 2009. 21C Shipbuilding in South ...
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Trinity buys Pipavav stake
Trinity Capital has bought a 10.43% stake in Pipavav Shipyard Ltd, promoted by Nikhil Gandhi-backed Sea King Infrastructure, for $23.5 million. Existing investors in Pipavav Shipyard include financial institutions such as IL&FS and Exim Bank, which have a majority 51% stake in the company. "The acquisition is the second investment ...
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DDG 1000 destroyer project progresses
The US Navy has awarded Northrop Grumman Corporation a $268 million contract for continuation of detail design efforts on the Zumwalt-class destroyer, DDG 1000. "This award reinforces the Navy's confidence in our ability to execute the program to cost and on schedule," said Brian Cuccias, Northrop Grumman vice president of ...
