Latest News – Page 836
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GL signs new contract with AUSTAL
Australian fast-vessel builder Austal Ships Pty Ltd. has prolonged its long-standing technical and commercial partnership with classification society Germanischer Lloyd (GL). Austal shipyard entrusts GL exclusively with the newbuilding classification of all projects until May 2010. Several vessels to be built by Austal shipyard will be classed by GL. The ...
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DSME union opposes Doosan bid
A 50.4% stake in DSME is due to be put up for sale later this year and Doosan Group?s expected bid for a controlling stake in South Korea?s Daewoo Shipbuilding and Marine Engineering is being opposed by the shipbuilder?s labour union. The DSME union pointed to ethical problems involving Doosan?s ...
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NYK invests in lowering emissions
Japanese shipping company NYK Line has pledged to invest millions of dollars in cutting its overall emissions even as it plans a substantial fleet expansion. According to the company's corporate social responsibility (CSR) report for 2008, it wants to cut emissions by at least 10% of its 2006 levels by ...
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Wartsila joins Mitsubishi for engine development
Wartsila has announced a new partner for trials of its new marine engine that is capable of significantly reducing emissions, without restrictions on the fuel specification. The marine engine manufacturer has joined together with Japan?s Mitsubishi Heavy Industries to develop the new RTX-4 low-speed research engine. The engine plans to ...
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EC Shipping boss calls for a ?proactive? shipping industry
The maritime industry needs to be proactive, not reactive, to issues facing it and shouldsee new challenges as opportunities and not as threats, according to Dimitrios Theologitis, head of unit, Maritime Transport & Ports Policy at the European Commission.Speaking at the Ship Management International 2nd International Ship ManagementSummit in Limassol, ...
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Jurong secures repeat order for semi-sub rig
Jurong Shipyard, a wholly-owned subsidiary of Sembcorp Marine, has secured a contract from the Norwegian drilling and production contractor Larsen Oil & Gas to build a deepwater semi-submersible drilling rig at a contract value of $640 (S$870) million.This latest turnkey rig order is the fourth consecutive newbuild deepwater semi-submersible drilling ...
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EC says ?no? to new Polish shipyard deadline
The European Commission has refused to extend the deadline for the privatisation and restructuring plan for three Polish shipyards. EC Spokesman Jonathan Todd confirmed that today marks the deadline for Poland to submit viable plans for the restructuring of the Gdansk Shipyard and privatisation of Gdynia and Szczecin Shipyards. A ...
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Enel and Hoegh to develop LNG FPSO
Enel SpA is in talks with Norway's Hoegh LNG to jointly develop a floating liquefied natural gas (LNG) ship, a Hoegh spokesman said. "I can confirm Enel is one of the parties we are talking to as regards the development of our FPSO vessel," the spokesman said. He said a ...
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STX wins tanker order
STX Shipbuilding has won an order worth 109 billion won ($105 million) from a European company to build two oil tankers. The two tankers will be delivered by Dec. 31, 2010.
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Hyundai Mipo bags 7 bulk carriers
Hyundai Mipo Dockyard has clinched orders worth 302.3 billion won ($291.6 million) to build seven bulk carriers for a Middle Eastern shipping company. Delivery of the vessels is scheduled by May 2012.
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Toisa orders trio PSVs
Sealion Shipping Ltd in the UK has, on behalf of Toisa Ltd, placed an order with the ABG Shipyard in India for the construction of three new, large multi-purpose offshore support vessels. The newly designed series of ships will enter service commencing March 2012. Designed for worldwide subsea and ROV ...
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Anarchy on high seas under flags of convenience
Thousands of ships plying the world?s oceans are effectively without nationality, enabling their owners to easily evade international laws and regulations says a new report from WWF, the conservation organisation and the International Transport Workers' Federation.The murky system of registering vessels to countries offering flags of convenience (FOC) is fuelling ...
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Completion of FLC - Aker Yards transaction scheduled for July
Aker Yards and the Russian company FLC expects to complete the transaction in which FLC buys 70 % ownership in three yards in Ukraine and Germany in July 2008. The agreement was announced 25 March 2008. The one remaining item in the process before the transaction is concluded is to ...
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Jindal Saw plans ship-building hub in Gujarat
In a major diversification drive, Jindal Saw (JSL), part of the $10-billion OP Jindal Group in India plans to set up the country?s first shipbuilding and repair hub in Gujarat with an investment of over $2 billion. The hub will be a part of the proposed India Maritime Technology Park ...
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Korean shipyards win combined $2.3 bln in orders
Hyundai Heavy Industries and two other South Korean shipyards said that they have received orders valued at a combined 2.4 trillion won ($2.32 billion) to build 17 ships. Hyundai won an order from a European shipping company to build 18 container vessels worth 1.22 trillion won. The company said it ...
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Daewoo's technology cuts fuel consumption
Daewoo Shipbuilding and Marine Engineering (DSME) has unveiled an energy-saving device that it says will help lower vessels? operational costs with improved speed and reduced fuel consumption. The ?Pre-swirl Stator? was first installed on H.5297, a Kristen-owned 320,000 dwt VLCC and sea trials showed the stator helped increase the vessel?s ...
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STX bid pushes up Aker share price
Shares in Aker Yards ASA jumped 15 % in opening trade, leading up a stronger overall market, after South Korea's STX Corporation announced that it is to launch a bid for the firm after hiking its stake beyond the 40 % mandatory offer threshold, dealers said.Earlier today, STX said it ...
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Shipping wasting million of barrels of oil every day
As Saudi Arabia announced a 200,000 barrel increase in oil production and consumers grapple with record pump prices and fuel shortages, the shipping industry consumes daily 4.37 million barrels of oil unnecessarily, new research has revealed. The figures, from leading maritime technology company DK Group and backed by United Nations-commissioned ...
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Daewoo to invest million in shipping venture
Daewoo Shipbuilding & Marine Engineering Co. (DSME) said it will invest 46 billion won ($44 million) in a South Korean shipping venture to buy more oil tankers. The stake in DK Maritime SA, the venture with Korea Line Corp., will remain at 50 %. Korea Line, South Korea's second-biggest operator ...
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Lauritzen Kosan signs contract for six newbuildings
Lauritzen Kosan has ordered six 3,700m3 pressurized gas carriers at Yangzhou Kejin Shipyard Co. Ltd. in China for delivery December 2009 through to December 2010. "The newbuilding order is a result of a very constructive cooperation between Lauritzen Kosan, Shanghai, and Changjiang Ship Design Institute, a Chinese engineering and design ...
