Latest News – Page 850
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MHI in Vietnam venture
Mitsubishi Heavy Industries (MHI)of Japan is making an important investment in Southeast Asia. It will build a ship repair yard as a joint venture with Mitsui OSK Lines, Japanese trading company Marubeni Corp and local state-owned shipbuilder Vinashin. A first dock should be up and running by 2010. A second ...
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STX moves into VLOC sector
South Korean shipbuilder STX Shipbuilding announced the receipt of an order for the construction of its first two 320,000 dwt very large ore carriers. U.K.-based Zodiac Maritime is thought to have placed the orders. To be delivered by December 2011, the ships are priced at $125 million apiece. STX has ...
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Four more heavy lifts for L&T
Reinforcing India?s growing stature as a shipbuilding nation, the country?s biggest engineering firm Larsen and Toubro Ltd (L&T) has won a contract valued at about $240 million (Rs962.4 crore) to build four specialized ships for Dutch company RollDock BV.The contract involves a firm order for two vessels each with a ...
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Nexans supplies cables for Bourbon newbuildings
The French company Nexans, one of the leading players in the cable industry, has signed a three-year contract worth $13.4 million to supply 3,146 km of its special marine cables to be installed on Bourbon Offshore?s new vessels. Nexans will supply 3,146 km of halogen free, low-smoke marine power transmission ...
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Three European countries support distillates
Three European nations, Germany, Norway and Finland, have submitted a joint proposal to the IMO supporting a move to distillate bunker fuels for ships. They suggest that the switch away from residual fuels should be completed over the next 10 years. Their proposal is being put to the IMO's Marine ...
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Cummins expands manufacturing capacity in India
The Industrial Engine Business Unit of Cummins India Limited (CIL) has inaugurated its new integrated manufacturing facility at the Cummins India Limited Kothrud Campus, Pune. CIL has invested $20 million on this facility and the products manufactured here would service major customers worldwide. The new unit will specialize in assembling, ...
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EU prepared to act if IMO delays action
The ?working relationship? between the European Commission and the IMO was reinforced at the end of last week with a top-level meeting, but fast action will be required at the IMO to prevent Europe from acting alone on ship emissions.Ship emissions was one of four items on the agenda when ...
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Inter Korean deal on shiprepair yard
A South Korean company has obtained the exclusive right to use a ship repair yard in North Korea. The right to use Ryongnam Ship Repair Factory in the western port city of Nampo will enable Acheon Global Corp. to gain domestic and overseas investment in its ship repair and steel-structure ...
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Oman to spend megabucks on fleet expansion
Oman's state shipping firm will spend up to $4 billion in the next three to four years to expand its fleet size, a senior company official said, as part of the sultanate's efforts to upgrade its oil industry.Oman Shipping Company (OSC) is looking to grow its fleet mainly to meet ...
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SCI ventures offshore
State-owned Shipping Corporation of India (SCI) is finally making an entry into the offshore segment in the next three months, something which has been on the cards for the past three years.The company has created an in-house team to prepare a study on the offshore sector and exploration & production ...
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Ulstein Sea of Solutions wins award
Ulstein Sea of Solutions, designer of complex offshore vessels, has won the Industrial Marketing Award 2008. Maria van der Hoeven, Dutch Minister of Economic Affairs, revealed the winner, which according to the jury has used marketing most convincingly in its industrial environment.The Dutch-based Sea of Solutions has, since 1 March, ...
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Cicek building largest vessel in Turkey
Cicek Shipyard has begun construction of the first of three 58,000 dwt Supramax bulk carriers, the largest vessels ever to be built in Turkey. Ordered by the Bayraktar Shipping Group, they will be constructed in the shipbuilder?s Panamax-sized building dock, which is currently being extended to 215m and when completed ...
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Wärtsilä and RSHI sign licence
Wärtsilä and Jiangsu Rongsheng Heavy Industries Group Co Ltd (RSHI) have jointly signed a licence agreement for the manufacture and sale of Wärtsilä low-speed marine diesel engines by RSHI in China. RSHI plans to build a new factory for the manufacture of low-speed engines in Hefei, Anhui Province, China. The ...
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Schiffko wins icebreaker deal
Wärtsilä?s ship design and marine consultancy subsidiary, SCHIFFKO GmbH, based in Hamburg, has been awarded a contract from the Alfred Wegener Institute for Polar and Marine Research of Bremerhaven, Germany, to design the revolutionary new European research icebreaker ?AURORA BOREALIS?, which will have a deep-sea drilling capability.The contract, which was ...
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Croatia faces painful shipbuilding reform
Croatian Economy Minister Damir Polancec recently appeared to suggest that local shipyards may face closure if they are unable to run profitably once the country joins the European Union. The EU candidate's five shipyards survive mostly thanks to high state subsidies. A restructuring plan has been in the works for ...
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Samsung wins drill ship order
Samsung Heavy Industries has won a deal valued at 1.35 trillion won ($1.3 billion) to build two drill ships. The deal with an American company calls on Samsung to deliver the vessels, used for deep-water oil exploration, by July 2011.
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Sunborn plans shift to Malaysia
As much as 1.4 billion ringgit ($438.87 million) worth of contracts will be up for grabs for Malaysian firms as Finland's Sunborn International plans to move all its shipbuilding activities to Malaysia. The company has plans to build at least four vessels to be turned into yacht hotels in Malaysia, ...
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EU project prototypes methanol fuel cell for ships
After nearly one and a half years of research and development, the EU-funded METHAPU (Validation of renewable methanol based auxiliary power systems for commercial vessels) project is about to start trials on a prototype of a methanol-based solid oxide fuel cell (SOFC) unit. The prototype will be tried and tested ...
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Rolls-Royce inks MOU with Vinashin
Rolls-Royce has signed a memorandum of understanding (MoU) with Vietnam Shipbuilding Industry Group (Vinashin) in Hanoi with the aim to help develop Vietnam's fast-growing marine industry. The scope of the partnership will include identifying potential strategic partners for development of shared business interests, which include the delivery of propulsion systems ...
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Wärtsilä and IMO AB sign global service agreement
Wärtsilä has signed a global service agreement with the leading screw pump manufacturer IMO AB of Sweden to establish a stronger after-sales network for IMO's complete product range. The cooperation agreement signed in February will result in an important addition to the range of products and services supported by the ...
