Latest News – Page 967
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Royalties hit Korean shipbuilders? earnings
South Korean shipbuilders are paying large royalties on a core foreign technology for manufacturing LNG carriers, causing a big reduction in their earnings. To build LNG carriers, most Korean and foreign shipbuilders currently use a membrane containment system developed by Gaz Transport & Technigaz of France, a key technology for ...
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Korea and China win new orders
China Shipping has won a new order for a 8,530TEU container ship with Hudong Zhonghua Shipbuilding in China for delivery on late 2008. Daehan Shipbuilding in South Korea clinched three 10,000DWT multi purpose carriers from Normed Line for delivery in 2008. Samho Shipbuilding also won two 12,800DWT chemical tankers new ...
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Aker inks fourth Tallink contract
The option agreement Aker Yards and Tallink had for a large cruise ferry was recently confirmed and the 165 million euro vessel will be built at the Helsinki yard for delivery in summer 2008. She will be a sister ship to ?Galaxy? launched at the yard in Rauma early this ...
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LNG propulsion guide from ABS
The surge in liquefied natural gas (LNG) carrier newbuildings and the accompanying development of a new generation of these specialized ships has generated interest in alternative propulsion systems. These alternatives are addressed in the new ABS Guide for Propulsion Systems for LNG Carriers, the first such comprehensive set of standards ...
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SMIT expands into Brazil
SMIT is taking another step in its strategy to expand its harbour towage activities by acquiring 50% of Rebocadores do Brasil S.A. (Rebras). Rebras already owns three 55 tonne bollard pull harbour tugs which are chartered out on bare boat basis. The company, to be renamed SMIT Rebocadores do Brasil ...
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ASL clinches new contracts
ASL Marine headquartered in Singapore, has clinched new deals worth $24 million. The latest contracts are for the construction of three work barges and four rotor tugs to be delivered to customers in Europe. The three work barges are expected to be completedby June 2006 and the four rotor tugs ...
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Contract signed for Brazil FPSO
Dutch bank ABN Amro's specific purpose company CDC in Brazil has signed a contract with Brazil's federal energy company Petrobras to build the topside of the P-53 FPSO. This FPSO will produce oil at the Marlim Leste field in the Campos Basin, located 120 km off the coast of Rio ...
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Germanischer Lloyd publishes new rules for materials
The revised and expanded Rules for Materials and Components of Germanischer Lloyd (GL) are now available. The Rules define the properties of various metallic materials and lay down the requirements for the production processes and the manufacturers. The prerequisites and conditions for the corresponding approvals are also stipulated. For the ...
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NorseMerchant introduces second newbuilding
NorseMerchant Ferries, recently acquired by Norfolkline, has introduced its latest Italian-built passenger/freight ferry onto the Irish Sea ahead of schedule. The ship in question is the 26,500 gt ropax ferry Mersey Viking, which arrived in the Port of Liverpool last month for berthing trials at the company's Twelve Quays terminal ...
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Skaugen orders Chinese LPG/ethylene carriers
Norwegian-based IM Skaugen (IMS) has ordered the first four of a series of 10 specialized combination carriers capable of handling both LPG/Ethylene and organic chemicals. These newbuildings are planned to be built at an unnamed Chinese yard near Shanghai at a cost of about $25m per vessel. IMS has also ...
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Vietnam starts container production plant
The Vietnam Shipbuilding Industry Corporation (Vinashin) recently started its construction of a container production plant in Lai Vu commune, Kim Thanh district, Northern Province of Hai Duong. The plant, the first of its kind to be built in Vietnam, has a capacity of 30,000 TEU per year to meet the ...
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Thales-DCN merger goes ahead
The French government has announced a tie-up between defence company Thales SA and state-owned warship builder DCN, a long-anticipated deal seen as a step toward wider consolidation in European shipbuilding. The government will retain 75% of DCN after the deal with Thales in which the state also has a 31% ...
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UK Carrier project gets green light
The British government gave approval for an alliance of five shipbuilders to press ahead with designing the biggest warships ever built in the UK. The Aircraft Carrier Alliance consortium would also now include Britain's largest shipbuilder, VT Group, and Scottish Babcock International. The alliance had hitherto comprised defense giant BAE, ...
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Kogas plans four LNG tankers
Korea Gas Corp., the world's biggest buyer of liquefied natural gas, is seeking a $938 million loan to purchase four LNG tankers for a joint operation it is setting up with three other Korean companies. "We're trying to broaden our LNG business and secure LNG supply," said Lee Seung, head ...
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Aker signs Color contract
The Letter of Intent for two fast ropax day ferries signed on 2 November by Aker Yards and Color Line has been confirmed as a firm contract worth approx. EUR 250 million.The vessels, to be delivered during 2007-2008 from Aker Yards, Rauma, are intended for the Denmark-Norway services. The working ...
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Four more Carnival cruise ships for Fincantieri
Carnival Corporation has reached an agreement with Italian shipbuilder Fincantieri for the construction of four new cruise ships worth more than $2 billion. The contract, which is subject to the approval of the board of directors of Carnival Corporation, calls for the construction of four new vessels, one each for ...
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Quanzhou expands
Quanzhou Shipyard in Fujian, China, will complete a 300,000DWT and a 170,000DWT dry dock by mid-2006. Total investment is $99 million. When completed, shipbuilding capacity of the two docks will be 1.5 million DWT per year.
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Older workforce threat to Korea?s productivity
Korea's leading shipbuilding companies, all members of the Korea Shipbuilders' Association, have an average workforce age of 42 and, since they have for the most part stopped hiring to shrink their payroll costs, it is a move that is now haunting them."Right now, the shortage of available workers is more ...
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MHI, VINASHIN sign licensing agreement
Mitsubishi Heavy Industries (MHI) signed an agreement to license its UE low-speed diesel engine technology to Vietnam Shipbuilding Industry Corporation (VINASHIN). Under the agreement, MHI will provide VINASHIN with the licensing rights to manufacture its large-sized diesel engines. The contract applies specifically to the Mitsubishi UEC-LA, LA, LSII and LSE ...
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Mackinaw damages bow
The Coast Guard?s newest cutter, the Great Lakes icebreaker Mackinaw, ran into a seawall Monday, causing damage to its bow. The Mackinaw, operating in a special status because it has yet to be commissioned, was entering port in Grand Haven, Mich., when it veered to starboard and struck the wall ...
