Latest News – Page 911
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Korea Line orders bulker
Korea Line has ordered a 58,500DWT bulk carrier from a Japanese shipbuilder at a cost of $35 million. Delivery is scheduled during 2009.
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Quintana gets Pascha
Athens-based Quintana Maritime Limited has taken delivery of a Kamsarmax bulk carrier, named Pascha, from the Japanese shipbuilder Tsuneishi. Pascha has a carrying capacity of 82,300 DWT and is the tenth of the fourteen Kamsarmax vessels the company has agreed to acquire from Metrobulk. Stamatis Molaris, President and Chief Executive ...
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Essar to invest in drilling rigs
Essar Shipping and Logistics in India said it will invest $400 million to acquire onshore and offshore oil drilling rigs. The Cyprus-registered firm has formed Essar Oilfields Services Ltd (EOSL) to focus on international and Indian onshore and offshore oil and gas drilling business."EOSL's investment plan includes acquisition of a ...
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Russia reorganizing shipbuilding
The Russian government will soon adopt a strategy for the development of shipbuilding until 2020, which envisions the creation of three major shipbuilding holdings, the defense minister said Tuesday.Three shipbuilding holdings will be set up in 2007, Russian Deputy Prime Minister and Defense Minister Sergei Ivanov told journalists following a ...
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IMO adopts safety measures
A raft of new international standards for passenger ship safety was adopted when IMO's Maritime Safety Committee (MSC) met in Istanbul, Turkey, for its 82nd session from 29 November to 8 December 2006. Other important issues on the MSC agenda included the further development of goal-based standards and discussion of ...
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Vinashin secures local FSO order
The Vietnam Shipbuilding Industry Group (Vinashin) has signed a contract to supply a floating storage and offloading (FSO) unit worth $110 million to the Vietnam Petroleum Technical Service Company (PTSC). "This is our biggest ever shipbuilding contract signed with a local partner," said Vinashin CEO Pham Thanh Binh. Binh said ...
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Keppel building concrete heavy lifter
Keppel Offshore & Marine Limited (Keppel O&M) through its wholly owned subsidiary in Netherlands, Keppel Verolme BV, has secured a $185 million contract to build a floating heavy lifter for the decommissioning of offshore structures. The contract caters for additional work on the vessel, which if awarded, may potentially increase ...
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Life after failed GL acquisition
Bureau Veritas has issued a bullish statement after its failed attempt to acquire Germanischer Lloyd. The shareholders of GL decided to accept the offer made by Gunther Herz in preference to the takeover bid by the French classification society. The statement went on to say that the German classification society ...
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NMB to buy new ships
NMB, Bulgaria's national maritime fleet, will take out a $70 million loan from HSH Nordbank AG for the purchase of 3 new vessels, said executive director Hristo Donev. The company is trying to address the problem of its ageing fleet and related high maintenance costs. NMB, which has decommissioned 5 ...
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Gdynia yard gets aid
Gdynia Shipyard in Poland has received $178 million in public aid, most of which will be used to cover the shipbuilders debts. The company will be privatized by the end of 2008. The decision to offer the firm public money was dependent on the European Commission which warned that, in ...
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Russia to boost shipbuilding market share
Russia will account for two percent of the world's shipbuilding market by 2020, Deputy Industry and Energy Minister Andrei Reus told a governmental commission meeting that he expects the domestic shipbuilding industry's output to be up 1.5 times by 2010 and 2.2 times by 2015. Meanwhile, commercial shipbuilding growth should ...
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DCN approves merger with Thales
The board of France?s state-owned naval shipyards DCN has approved a tie-up with defence electronics group Thales that will make it one of Europe?s three biggest shipbuilders. "This project will allow the reinforcement of the French naval industry," DCN said in a statement adding that it served "customers all over ...
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Greatship India battles with GOL
Greatship (India), a wholly-owned subsidiary of Great Eastern Shipping Company (GE Shipping) is competing with Great Offshore (GOL), the demerged entity of GE Shipping, over the offshore vessels contract of Oil and Natural Gas Corporation (ONGC). Both the companies have submitted bid for ONGC's major tender for 30 offshore support ...
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STX launches a dozen using SLS technology
STX Shipbuilding in South Korea's has built 12 ships this year using its self-developed non-dock shipbuilding technology called "Skid Launching System (SLS)." The 12th SLS-based 51,000 DWT product tanker was launched after only 30 days of work at its Jinhae yard, the shortest construction period in the world according to ...
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Merger creates worlds largest
Statoil and Norsk Hydro, both from Norway, have announced plans to merge their offshore operations in a $29.4 billion deal today. This merger will create the world?s largest offshore oil producer responsible for 80% of output in the Norwegian North Sea.Norway?s prime minister Jens Stoltenberg welcomed the Statoil-Hydro deal as ...
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Schat-Harding acquires CleanHull Norway
SCHAT-Harding, the world's leading supplier of lifeboats and davits, has purchased the hull cleaning company CleanHull Norway AS from a group of Norwegian venture investors. CleanHull Norway AS offers cost-effective and environmentally-friendly ship hull cleaning solutions to its customers. The CleanROV-concept is based on well-established underwater vehicles and technology developed ...
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Babcock considering DML takeover
Engineering group Babcock International has held talks about taking over the consortium that runs the UK's Devonport naval base. Babcock, which runs the Rosyth naval dockyard and the Faslane submarine base, has held exploratory discussions about acquiring a majority stake in Devonport Management Ltd (DML).To succeed, Babcock would have to ...
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ETA-Ascon plans to enter ship repairing
Dubai-based ETA-Ascon Group is studying the possibility of developing a ship repair facility that will serve its growing fleet of bulk carriers. "We are looking at starting with a build, operate and transfer (BOT) project on India's east coast," said Hameed Salahuddin, director of ETA-Ascon Group, one of the largest ...
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Vinashin makes major investment
Vietnamese shipbuilding giant Vinashin has agreed to make major investments in the central Thua Thien Hue province, building terminal, shipyard and tourism complex.Under a deal signed last Friday, the local government gave it the go-ahead to promote projects in the Chan May-Lang Co Economic Zone EZ and to build its ...
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Henderson gets cash boost
The Australian Marine Complex (AMC) in Henderson, Western Australia is set to receive a $136 million infrastructure boost from the state government. A new floating dock will be constructed with the funds as well as a new transfer system, dredging of a 17m-deep basin to accommodate the floating dock, electricity ...
