Latest News – Page 1057
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News
First Korea shipping fund to make its debut
The first Korea shipping fund, which was set up under the Ship Investment Company act in Korea, will make its debut early next year. Named Korea Marine Fund Corporation (KMFC), it was established early this year with paid-up capital of about $882 million. Daewoo Shipbuilding, STX Shipbuilding, Korea Line and ...
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NewsHudong HM receives first low speed RT-Flex engine
Sulzer 7RT-flex60C in Wärtsilä?s Trieste factory.Hudong Heavy Machinery in China received its first order for low speed 7 RT-Flex60C engines from Yangtze Shipbuilding. The new order is for six units of the Wartsila designed RT-Flex engine and will be the first to be built in China. The initial unit will ...
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NewsHanjin HI delivers MSC box ship
Hanjin Heavy Industries delivered a 5,050TEU container ship ordered from the Swiss ship owner MSC. Named MSC Linzie, it is the lead ship in a four-ship series. Ship particulars are 294.10m long, 32.20m wide, a depth of 21.60m and a service speed of 24.3 knots.
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Daewoo expects more revenue but less profit
Daewoo Shipbuilding in Korea announced that next year it aims to earn W 4.3 trillion in revenue, W 300 billion in operating profit and W 250 billion in net profit. These figures are based on a currency exchange rate of W 1,130 per US dollar next year. The currency exchange ...
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MOL to order three more VLCCs
Mitsui O.S.K. Lines in Japan revealed its plan to order three more double-hull VLCCs. In May this year MOL ordered six 300,000DWT double hull VLCCs from Mitsui Engineering & Shipbuilding, Kawasaki Shipbuilding and Mitsubishi Heavy Industries with deliveries slated for 2004 and 2005. MOL now plans to replace all VLCCs ...
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NewsLloyd's Register to class world's largest container ships
From left to right Robert Tustin (Lloyd's Register Asia), Captain Schechter (Seaspan), Peter Curtis (Seaspan), Peter Jackson (Seaspan) and Tim Protheroe (Lloyd's Register Americas, Inc).Lloyd?s Register is to class Seaspan?s new series of 9,200 teu container ships, to be built at Samsung Heavy Industries (SHI) in Korea. The order is ...
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Zhenjiang clinches 10 propellers
Zhenjiang China Marine Equipment in China has clinched the biggest propeller supply contracts in its history. The company received an order for 10 propellers each with a diameter of more than 5 metres and weighing over 10 tonnes.
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ABS launches SafeHull Express
ABS unveiled a new version of the technically advanced ABS SafeHull system at the Marintec China maritime exhibition and conference in Shanghai which represents a quantum leap in ease and efficiency. The latest release, SafeHull Express, has been expressly created to assist design engineers and shipyards develop approved tanker designs ...
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NewsWärtsilä to start manufacturing propellers in China
Wärtsilä Propulsion, a wholly owned subsidiary of the Finnish diesel engine company Wärtsilä, will begin manufacturing propellers in China. A joint venture company has been established with Zhenjiang CME company (CME), a subsidiary of the China State Shipbuilding Corporation (CSSC). To be known as Wärtsilä-CME Zhenjiang Propeller Co. Ltd., the ...
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Liberia issues first international ship security certificate
The Liberian Registry has issued its first security audit certificate under the International Ship and Port Security (ISPS) Code. After a thorough inspection and audit of security procedures, the certificate was awarded by an Antwerp-based auditor employed by the Liberian Registry to a 1993-built, 22,000 dwt bulk carrier operated by ...
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Daewoo reveals massive new order
Daewoo Shipbuilding has clinched a 145,700 cubic metre LNG carrier, four 8,400 TEU container ships and two 115,000 dwt tankers at a total value of $586 million. They will be delivered during the first half of 2007. With the latest new orders, the shipbuilder has, so far this year, picked ...
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MOL to order 30 capesize bulkers
Mitsui O.S.K. Lines in Japan announced that it will expand its fleet with 30 capesize bulkers of over 100,000 dwt to meet expanding and diversifying worldwide needs for iron ore transport, especially for customers in China, Japan, and South Korea. This move reflects one of the major management strategies of ...
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Auxiliary engine developments
Marine diesel engine specialists Wärtsilä and MAN B&W share a common goal in many respects. One such example is the intention to significantly increasing the time between overhauls (TBO) on their marine auxiliary engines MAN B&W says that for any engine, the time between overhaul (TBO) is a constant focus ...
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Bunker Alerts are questioned Valid technical tools or simply junk mail?
The effectiveness and frequency of automatically-generated bunker alert messages has been brought into question by the UK-based fuel testing agency, Lintec Testing Services, who have likened the growth in the service to junk mail.Lintec believe that the increasing number and proliferation of bunker alerts has turned them from a valid ...
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Going topless in Hamburg
A stalwart of the western English Channel trade between the UK mainland and the Channel Islands, the 2,300 dwt coastal container ship Huelin Dispatch has recently undergone a major refit that unusually involved temporary removal of the vessel?s entire accommodation superstructure.The refit, undertaken at the Norderwerft yard in Hamburg where ...
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Class changes ahead Goal-based standards will see an expanding role
"Two years, five years, ten years ? the time scale is unpredictable but it is certain that there will be changes in the manner in which class establishes and maintains standards in the future," says ABS president and CEO Robert Somerville "Over the next five years, I believe that the ...
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News
Class changes ahead
"Two years, five years, ten years ? the time scale is unpredictable but it is certain that there will be changes in the manner in which class establishes and maintains standards in the future," says ABS president and CEO Robert Somerville. "Over the next five years, I believe that the ...
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News
Auxiliary engine developments
Marine diesel engine specialists Wärtsilä and MAN B&W share a common goal in many respects. One such example is the intention to significantly increasing the time between overhauls (TBO) on their marine auxiliary engines MAN B&W says that for any engine, the time between overhaul (TBO) is a constant focus ...
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News
Liner cracks can seriously affect the operation of your older type engine
In the first of a new series of Case Studies, The Motor Ship reviews the cause, effect and solution to cylinder liner flange failures in older-type engines.Over the last decade there have been a number of investigated incidents in which failures of medium speed diesel engines have been attributed to ...
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Multi-role vessel for Norwegian Coastguard
Emergency towing vessel, fisheries protection and pollution control combined in UT512 designThe UT512 design from Rolls-Royce has been chosen by the Norwegian coastguard for the latest addition to its fleet. The newbuilding will carry out many different duties, including patrolling, fisheries protection, emergency standby, pollution control and towing. The complex ...
