Latest News – Page 1005
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Japanese newbuilding orders drop
Japanese shipbuilders received 58% fewer orders in January compared with the previous month as freight rates fell from last year's record highs. Orders for 21 vessels, totaling 1.1 million gt were placed, down from 50 vessels totaling 3.2 million gt in December, according to the Japan Ship Exporters Association.
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Vietnam starts on Panamax bulkers
Work on the building of a 53,000DWT bulk carrier started at the Nam Trieu Shipyard in the northern port city of Hai Phong. This is the first of 15 similar bulkers that Vietnam Shipbuilding Industry Corporation (Vinashin) will build for the UK's Graig Investment Ltd as part of a $336 ...
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Fincantieri in JV offer for Varna yard
Italian ship builder Fincantieri is proposing to invest up to $52 million in a joint venture with Varna Shipyard, Bulgaria's main shipyard on the Black Sea. Fincantieri claims it could help the Varna-based yard to reach its full capacity within 36 months and start building three 40,000 tonnes vessels annually. ...
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Two-stroke for Chinese tug
Two-stroke diesel engines from MAN B&W have been specified for a 90 metre long Chinese ocean going tug. The newbuilding is under construction at Wuchang Shipyard, Wuhan, China for the owner Shanghai Salvage, which operates a large fleet of various salvage tugs and harbour tugs. The Hong Kong-based Shen Hua ...
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HHI inks HMM boxship order
Hyundai Merchant Marine in South Korea will order four 8,600TEU and five 4,700TEU container ships. All nine vessels will be built by Hyundai Heavy Industries and Hyundai Samho Shipyard with the smaller units being delivered during 2008. Total contract price of four 8,600TEU container ships is $517.42 million and ...
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TOTAL updates marine lubricants analysis service
Marine lubricants supplier TOTAL Lubmarine has updated and improved its well-known DIAGOMAR Plus marine lubricants analysis service by adding a new lubricants test and by making the reports faster to use and easier to understand. The main improvements are the addition of the PQ index, the inclusion of a simple ...
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Korean shipbuilders fear worsening earnings
South Korean shipbuilders may see their earnings worsen further this year due to the rising price of steel plates and the strengthening won. Hyundai Heavy Industries posted $35.5 million in profit last year, but this was 67.8% lower than a year earlier.Samsung Heavy Industries also saw its net profit drop ...
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Hanjin orders boxship trio
Hanjin Shipping in South Korea has signed a $283.5million contract with Hyundai HI to build three 6,622TEU container ships. These will have a length of 304m, a breadth of 40m and will be delivered by April 2008.
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Daewoo plans China venture
Daewoo Shipbuilding is considering the construction of a dry dock in Weihai, China, at an estimated cost of more than $24 billion. The proposed dry dock will aim to build 20 new ships per year including container ships. Daewoo is also studying the acquisition of a shipbuilder in South America.
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Todd gets local ferry contract
Todd Pacific Shipyards of Seattle, USA, has been selected to build four 105 metre long ferries worth up to $223 million for Washington State Ferries. The state will negotiate a design-and-construction contract with Todd, which built the last state ferries, the Jumbo Mark II class, between 1997 and 1999. That ...
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Mipo wins six boxships
Hyundai Mipo Dockyard has won six 1,800TEU container ships from German shipowner Claus-Peter Offen for delivery during 2008. Total contract price is $234 million. This latest order is an option declaration from the ship owner attached to a previous order.
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Austal delivers Yemen order
Austal Ships has delivered ten patrol boats to the Yemen Ministry of Defence which placed the order in June 2003. Loading of the 37.5 metre boats, each weighing in at 90 tonnes, onboard the heavy lift ship ?Maria?, was managed by Fremantle-based heavy lift and logistics specialists, Global Hire.The delivery ...
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H&W in profit
Harland & Wolff moved into profit in the last quarter of 2004 but lost money for the year as a whole, according to results posted today. Fred Olsen Energy, the Norwegian company that owns H&W, gave the details in its preliminary results for 2004.The data showed that its engineering and ...
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Ulstein conversion project for Solstad
Norwegian offshore shipowners Solstad announced that Ulstein Verft is to perform the conversion of their cable-laying vessel, Normand Clipper. The conversion is well underway at Ulstein Verft and is to be completed by the end of May 2005. "We are pleased that Solstad has yet again chosen us as its ...
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Europe launches Waterbone
A technology platform of industry, national authorities, regulatory bodies, research centres and universities on the maritime industry sector has been launched to maintain Europe's leading position in the industry. Europe is the world leader in the design, manufacture and production of specialist, high technology vessels but is facing increasing competition ...
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ShipConstructor gets more funding
The development of key features in ShipConstructor, the AutoCAD based 3D product-modeling software for the design and fabrication of ships, will be funded by the Second-Tier Shipyard Design Enhancement Project II, which recently received significant funding from the National Shipbuilding Research Program (NSRP) Advanced Shipbuilding Enterprise. The project, headed by ...
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Sperry supplies IBNS for X-Craft
Northrop Grumman Corporation has supplied its latest Integrated Bridge and Navigation System (IBNS) for the U.S. Navy?s new Littoral Surface Craft, the experimental or ?X-Craft,?. The vessel?s IBNS was designed, engineered, integrated and installed by Northrop Grumman?s Sperry Marine business unit and integrates more than 200 separate bridge and navigation ...
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BMT enters Chinese market
The latest hull-stress monitoring technology and the ability to turn around a crucial order in less than a week has seen BMT SeaTech Ltd, a subsidiary of British Maritime Technology (BMT), secure entry into the Chinese shipping market. BMT was contracted by the Hebei Ocean Shipping Company (HOSCO) to supply ...
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X-Craft cat christened
The Office of Naval Research (ONR) today christened its new X-Craft high-speed catamaran at the Nichols Brothers Boat Builders shipyard in Freeland, Washington. The innovative X-Craft, designed by Nigel Gee & Associates, is powered by an integrated propulsion system that includes GE Transportation?s LM2500 aero derivative marine gas turbines and ...
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Buoyant figures for SembCorp
Thanks to buoyant demand for its ship conversion and repair businesses, the Singapore shipyard of SembCorp Marine has recorded a 21% increase in last year?s net profits at $57.5 million. Revenue also hit a record high of $787 million. SembCorp Marine's ship conversion and offshore business was boosted last year ...
