Latest News – Page 1113
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News
Samsung
Samsung Heavy Industries says sales this year will reach $3.1 billion (shipbuilding accounts for 71 per cent) and net profits will almost double to $130 million. The company is pointing to a rise in newbuilding prices and recovering world trade to predict a good future for the Koje yard which ...
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Daewoo orders
Having completed its debt-for-equity deal Daewoo Heavy Industries (DHI) is now 56 per cent owned by the Korea Development Bank and the Export-Import Bank of Korea (EIBK) with the remaining shares owned by individuals via the stock market. Daewoo borrows 70 per cent of the newbuilding cost from ...
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Japan scoop orders
In September Japanese yards took orders for 38 ships (including 33 bulkers) totalling 1,350,000g bringing the total to 133 (4.8 million gross) since April. Order levels are running at twice the rate of last year with the latest orders taking the backlog to 389 vessels - up from ...
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Claims analysed
Analysis of claims over a ten- year period by the UK P&I Club showed that two per cent of the claims account for 72 per cent of the costs incurred. The analysis of over 3,700 claims above $100,000 in ten years to the end of 1997 showed that 40 ...
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European orders for Hyundai Mipo
In the last month, Hyundai Mipo Shipyard in Korea has won orders for newbuildings from Italy and France. Navigazione Montanari in Italy has ordered a pair of 35,000 dwt chemical carriers from the yard for delivery in 2001, while French offshore contractor Coflexip Stena Offshore has selected the yard to ...
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Irish ferries for Finnish yard
Aker Finnyards is to build what it is claimed will be the largest ropax ferry in the world when it is delivered to Irish Ferries in early 2001. The order for the newbuilding also includes an option for a second vessel, which is slated for delivery by January 2002. With ...
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German yard for NCL cruise ship
Lloyd Werft in Bremerhaven is to build a 2,000 passenger cruise ship for Norwegian Cruise Line (NCL). Due for delivery in September 2001, the newbuilding will be of similar design to NCL`s Norwegian Sky. A second ship is the subject of an option in the contract. NCL says that in ...
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F-Ships ships ordered in Poland
Bylock & Nordsjofrakt (B&N) in Sweden and Palkkiyhtyma in Finland have ordered a pair of 14,800 dwt roll-on roll-off/lift-off (roro/lolo) vessels from Stocznia Gdynia in Poland. Along with Finncarriers, B&N and its Finnish counterpart operate the F-Ships pool joint venture, carrying forest products and bulk cargoes across the North Atlantic. ...
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VLCCs for HHI
Overseas Shipholding Group (OSG) has confirmed an order for two more 308,700 dwt VLCCs with Hyundai Heavy Industries (HHI) in Korea. OSG - which now has a total of eight vessels on order, including two more VLCCs due to be delivered next year, and four Aframax tankers - continues to ...
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K98 starts to make mark
The first engine tested was one of ten seven-cylinder 98cm bore units, and will power a 4,800 TEU container ship for Hapag-Lloyd. MAN B&W says that the tests had been particularly successful, as had the component inspection. Also on order are five 10K98MC-C and the five 12K98MC-C ...
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LR urges NOx testing
LR is warning shipowners to ensure all engines fitted into newbuildings comply with IMO`s NOx emission standards. While it does not expect the relevant regulations to come into force until 2002, once ratified it will apply to all diesel engines on ships over 400g with keels laid after January 1, ...
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Three vie for DMR
Three potential buyers are in negotiations to buy the bankrupt German engine builder DMR. The Polish engine builder H Cegielski is known to be interested, and another potential buyer is an unnamed German company which produces four-stroke engines. DMR delivered its last engine to Volkswerft in August and ...
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FastShip places gearbox order
Philadelphia Gear has landed its largest contract to date in the form of $35 million order for transmissions from FastShip. The company will supply 21 gearboxes, ,five per ship, plus one spare, to reduce the 3,600 rev/min output from the Rolls Royce gas turbines to the 200 rev/min required by ...
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Cable Penetration Sealer
3M has introduced a fire protection material for cable penetrations in bulkheads and decks that it says maintains the integrity of fire-rated structures for up to an A60 (IMO) and H60 (UL) rating, and has been classified by the US Coast Guard for watertight integrity. Called 3M Marine ...
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FPSO uses deep DP
Seillean FPSO, operating at 1,853m on the Roncador field, Brazil, uses an Alstom triple voting dynamic positioning system and is the first continuous dynamically positioned FPSO to operate in waters of this depth, says the company. The vessel, built at Harland & Wolff in Belfast in 1989, was fitted with ...
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CRT extends training
Cambridge Refrigeration Technology has opened a new training facility at its UK HQ. Two rooms are available, both with audio visual facilities. New courses on offer from the company are: ATP- Introduction/Requirements/ATP for Experts; Integral Familiarisation; Controlled Atmosphere; Managing Reefers; Specialised Refrigerated Ships; Surveyors; Legislation for the Refrigeration ...
