Latest News – Page 938
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Changbaidao project
Work on the Zhoushan Changbaidao project in China has been given the go-ahead. The project is to build a drydock of 400m in length and 106m in breadth in order to build and repair offshore rigs and FPSOs.Total investment will be $99.5 million and, when completed, will be able to ...
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STX clinches three tankers
STX Shipbuilding has won an order from an unidentified Turkish owner for three tankers at the price of $204 million. Delivered is slated by May 2009.
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Sungdong clinches boxships
Danaos in Greece placed an order for five 6,500TEU container ships with Sungdong Shipbuilding for delivery during 2009. Total contract price is around $500 million.
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Samsung and Atlantico sign technology contract
Samsung Heavy industries and Atlantico in Brazil signed a $14 million contract of technology support including construction and operation of shipbuilding facility and ship design.Atlantico will build a 360 metre drydock at Suape Industrial Complex in Brazil by 2008 for a total investment of $200million. Samsung will provide lay-out of ...
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SembMarine bags gas platform
SembCorp Marine in Singapore has clinched a contract to build a gas production platform to be installed offshore in Brazil. The deal is worth $550m and the platform will be built by its Brazilian shipyard Maua Jurong for Companhia Mexilhao do Brazil. Construction of the gas platform will start immediately ...
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Baoshan building Shanghai plant
Baoshan Iron & Steel Co, China's largest steel mill, started construction of a $750 million project to make special alloy plates and coils in Shanghai. "This is to meet the growing demand from such industries like aerospace, shipbuilding, nuclear power plants and large-scale oil and gas field exploration, all of ...
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Straits forecast launched
A revolutionary information service to improve Straits shipping has been launched in Singapore. The product, called STRAITSFORECAST, is now available to shippers, shipping agents, port authorities and professionals. It will provide high-quality information and risk-management tools to manage efficiency, safety, security and environmental performance in the busy waters of the ...
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SK expands fleet
SK Shipping in South Korea has placed an order for two 318,000 dwt double hull VLCCs. Total contract price is $250 million and delivery is scheduled for second half of 2009. The company also ordered two 105,000 dwt product carriers at the price of $130 million with delivery in first ...
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Hanjin, TransCo sign MOU
The National Transmission Corporation (TransCo) recently signed a memorandum of understanding with Hanjin Heavy Industries & Construction (HHIC) for the direct power connection of Hanjin's shipbuilding facility to be built inside the Special Economic Zone in Castillejos, Zambales inside the Subic Bay Metropolitan Authority (SBMA) complex. Hanjin expects to generate ...
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DNV says China needs more VLCCs
China will need 40 to 50 additional VLCCs over the next five years due to the increase in the country's crude oil imports and exports, an industrial insider said on Thursday. Henrik O. Madsen, President of Det Norske Veritas (DNV), predicted that China's ship-building capacity will quadruple by 2015, and ...
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Fram on track
Norwegian Coastal Voyage's ?MS Fram?, currently being built by Italian shipbuilder, Fincantieri, is on schedule for its maiden voyage in April, 2007. The 12,700-ton, 328-berth, eight-deck ship, the first cruise ship built exclusively for sailing in Greenland from May through September, makes significant use of the country's culture as inspiration ...
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Mobile shipyard purchase expected
Lehman's New York-based firm, J.F. Lehman & Co., is expected to complete the purchase of the US shipbuilder Atlantic Marine Holding within a few weeks, according to a spokesman for Atlantic Marine. Since its 1992 founding, J.F. Lehman has acquired 13 maritime, defence and aerospace companies through $1.2 billion in ...
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NASSCO to build product tankers
USS Product Carriers LLC, a newly created wholly-owned subsidiary of U.S. Shipping Partners LP, has entered into a contract with the National Steel and Shipbuilding Company (NASSCO), a subsidiary of General Dynamics Corporation, for the construction of nine 49,000 dwt double-hulled tankers, and the option to construct five additional tankers. ...
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Veder seals LNG order
Dutch shipowner Anthony Veder has ordered its first LNG tanker. Using a relatively small ship, the Rotterdam-based shipping company wants to provide a regional LNG feeder service from the large import terminals. The 7,500-cbm ship has been ordered on the back of a long-term contract with Norwegian LNG distributor Gasnor. ...
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Aker clinches another DOF contract
Aker Yards has signed a contract with DOF ASA, through its subsidiary DOFCON ASA, for the building of a large construction vessel. The value of the contract is approximately $114 million and the new vessel will be built by Aker Yards in Brazil, with planned delivery May 2009. This newbuilding ...
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STX mulls project in Vietnam
The South Korean shipbuilder STX is mulling a project to develop a large-scale shipyard in the coastal central province of Khanh Hoa in Vietnam that should be able to build giant vessels of up to 400,000 dwt, a local official said.A source from the provincial Service of Planning and Investment ...
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Chinese yard is number five
A Chinese shipyard leaped to fifth position in the global shipbuilding industry in terms of order backlog for the first time, posing a potential threat to South Korean shipyards currently holding a third of the backlog worldwide according to a Yonhap News Agency report. As of the end of June, ...
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Frontline buys Suezmax newbuildings
Bermuda-based Frontline has entered into a contract with Jiangsu Rongsheng Heavy Industries Group in China for delivery of two 153.000 dwt Suezmax newbuildings. The vessels will be delivered in November 2008 and February 2009 and Frontline has also secured options for further 2 + 2 similar Suezmax newbuildings. The contract ...
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Samsung clinches drillship
Samsung Heavy Industries clinched an order for a drillship from a European shipowner. Contract price is $583 million and delivery is scheduled for June 2009.
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Cameroon shipyard project progressing
Construction work on the Limbe shipyard project in Cameroon is expected to be completed in December 2007. This was one of the revelations of a two-day adhoc committee meeting in Limbe during which the management of the Limbe Shipyard Project reviewed and evaluated the different levels of execution of the ...
