Latest News – Page 791
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L-3 Offshore teams with STX Engine
L-3 Offshore of Coventry, U.K, has signed an agreement with the STX Engine subsidiary of South Korea's STX Group to collaborate in the marketing and supply of integrated power, electric propulsion, dynamic positioning and automation systems for the Korean offshore market and for other STX Group concerns. The agreement, recently ...
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STX-Petrobras ponder new shipyard in Brazil
South Korea's STX Corporation is reportedly mulling constructing a new shipyard in Brazil in co-operation with Brazil's state-owned oil major Petrobras. South Korean shipbuilding rivals appear to be nervous about the news as they concentrate their energies on winning the drillship orders expected to be placed by Petrobras.A local source ...
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Attica orders ropax pair
The Attica Group, Greece, has ordered two fast ropax ferries from Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME). The vessels will have an overall length of 145.5m, a speed of 26 knots and the capacity to carry 2,400 passengers and 450 private vehicles or 50 freight units and 150 ...
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Wadan orderbook at risk
Customers of Wadan Yards in Rostock-Warnemünde and Wismar have used the shipyard's insolvency to cancel containership orders. Wadan Yards filed for bankruptcy on June 5. At the time the company had 12 ships worth ?801m in its orderbooks: two ro-pax ferries for Swedish ferry operator Stena Line, two icebreaking 587 ...
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Poland yards' buyer provides guarantees
The mysterious buyer of Poland's Gdansk and Szczecin shipyards has provided bank guarantees for the deal. Polish treasury minister Aleksander Grad said United International Trust (UIT) has given proof it can pay the $115m auction fee from two Qatari banks, Qatar Islamic Bank and Qinvest.He also said the company will ...
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Keppel buys stake in Brazil new shipyard
Brazilian construction group WTorre has confirmed talks with Singapore's Keppel Corp over selling a stake in a new shipyard project. "We're in advanced, but not conclusive, talks with Keppel," a spokeswoman said.WTorre's oil and gas division has been building a large shipyard facility called ERG at Rio Grande in Rio ...
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Grand China Logistics places large order
Zhoushan Jinhaiwan Shipyard in China has secured a bumper order for 30 bulkers from fast emerging Grand China Logistics, one of the largest single orders ever placed in China. Broken down, the vessels in the order were made up of 18 176,000 DWT Capesizes and 12 80,000 DWT Panamaxes at ...
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Malaysia's first fully-automated shipyard
Malaysia's first fully-automated shipyard will be in operation at the Tanjung Agas Oil and Gas and Maritime Industrial Park in 2013. It will be part of a RM4.8 billion project that comprises a fabrication and engineering yard, and marine repair and ship-building facilities on a 320-hectare site.Vantech Dockyard (M) Sdn ...
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Rongsheng wins Oman deal
Chinese shipbuilder Jiangsu Rongsheng Heavy Industries Co, which is aiming to sell shares to the public later this year, won a $484 million deal to build four ships for Oman Shipping Co. The bulk carriers would carry exports from an iron ore pellet plant in northern Oman which is expected ...
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NewsLindo axing more jobs
Lind? Shipyard in DenmarkLind? Shipyard in Denmark may be forced to cut 2,000 jobs by the second quarter of 2010 if the shipyard does not receive new orders. Lind? has not received any orders since the first quarter of 2008. "The situation does not look good and things have become ...
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UIC and SHI sign cooperation memorandum
United Industrial Corporation (OPK) in Russia and Samsung Heavy Industries Co., Ltd. (SHI) in Korea have signed a memorandum for mutual business cooperation during a recent visit to the St. Petersburg shipyards of Baltiysky Zavod and Severnaya Verf. The main purpose of this memorandum is to jointly construct new vessels ...
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US Navy orders equipment for additional JHSVs
The US Navy has exercised contract options funding Austal?s acquisition of long lead-time material associated with the construction of two additional 103-metre Joint High Speed Vessels (JHSV). Austal was awarded the initial contract to design and build the first 103m JHSV in November 2008. The contract included options for nine ...
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RINA launches new environmental and security standards
GENOA-based classification society RINA has introduced new voluntary standards which will allow ships to connect to shore-based electricity while in port, reducing harbour air pollution. And at the same session of its Technical Committee it approved a series of new standards aimed at improving security standards for yachts.The new notation ...
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IMO says no to arming seafarers
The IMO's Maritime Safety Committee (MSC) agreed on revised guidance on combating piracy and armed robbery against ships when it met at the organisation?s headquarters in London for its 86th season from May 27 to June 5. The IMO MSC also agreed on specific guidance relating to the continued attacks ...
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Japan to build and lease drillships
The Japanese companies of NYK and Kawasaki have signed an agreement to jointly lease deep-sea drillships in Brazil. The two companies, along with Mitsui, have placed a major order with a South Korean builder for a vessel with offshore exploration capabilities and the ability to drill in water depths of ...
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EU strikes deal restructuring Croatian shipyards
The European Commission struck a deal with Croatia on the restructuring of its ailing shipyards, a reform sought by the EU as part of membership talks with Zagreb, a spokesman said. "There were discussions today on the terms of the restructuring and the privatisation," said Jonathan Todd, spokesman for EU ...
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Cruiseship operators turn to upgrades
Transport and shipping bank DVB has said that the short term future of the cruise ship sector would lie in the upgrade of existing vessels and the renegotiation of newbuild orders. Given the current low levels of consumer confidence and the global financial crisis, the German bank said that ...
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Bulker order cancelled at Namura
Japan's Hokodate Shipyard, part of the Namura Shipbuilding group of companies, has been hit by the cancellation of an order for five handysize bulk carriers but the shipbuilder is confident it will sell them on at a higher price. Osaka-listed Namura says the collapse of the order will boost its ...
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Gunsan yard delayed
Hyundai Heavy Industries is delaying the completion of its Gunsan Shipyard in an effort to preserve cash. Hyundai officials confirmed that the yard will now be finished by February 2010 as opposed to the original completion of August this year.Hyundai has not secured a newbuilding order since October 2008 and ...
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China encouraging shipyard mergers
China's government announced a two year plan to support and stimulate the nation's shipbuilders by encouraging mergers and acquisitions in the industry and making funding available for cash-strapped producers. Measures will be taken to speed the scrapping and replacement of older ships and single-hulled oil tankers, according to a statement ...
