Latest News – Page 854
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Cosco to invest in overseas repair yards
COSCO Shipyard Group's (CSG) main shareholder, Cosco Corp, has plans to buy foreign ship repair yards as China is getting too expensive. CSG itself has become a major shipbuilder bagging $6.6bn of orders since it moved into newbuilds at the start of last year. According to Ji Hai Sheng, president ...
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MHI unveils Japan's largest goliath crane
Mitsubishi Heavy Industries (MHI) announced that the 1,200-ton goliath crane installed at the Koyagi plant of its Nagasaki Shipyard became operational this week. The crane is the largest in Japan today and, in combination with the existing 600-ton cranes at the yard, the Koyagi facility is now able to handle ...
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ST Marine secures outfitting contract
Singapore Technologies Engineering Ltd (ST Engineering) announced that its marine arm, Singapore Technologies Marine Ltd (ST Marine), has secured an S$28m contract from Norway-based Waveship AS, a subsidiary of Wavefield-Inseis ASA (Wavefield), for the complete outfitting works on its seismic research vessel ?Geowave Voyager?. Work commences at ST Marine's Tuas ...
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Odjfell orders another type II tanker
Odfjell's 49% owned joint venture company Odfjell Dong Zhan Shipping (Shanghai) Co. Ltd, has signed a contract for the building of an 8,200 dwt chemical tanker. The ship is a fully coated IMO II type carrier that will be built in China by Zhoushan Penglai Shipbuilding and Repairing Co. The ...
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Jan de Nul orders two more dredgers
Jan De Nul Group has placed an order with Tianjin Xinhe Shipbuilding and Heavy Industry in China for the construction of two 3,400m³ hopper dredgers. In addition, the company has agreed an option for a third identical hopper dredger. Delivery is slated for early 2010.The dredgers are specifically designed for ...
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WW and OW order four LCTCs each
Wilh. Wilhelmsen (WW) and Wallenius Lines (OW) have placed orders with Hyundai Heavy Industries to build four new large car and truck carriers (LCTC). In addition, both shipowners have also ordered four LCTCs from Daewoo Shipbuilding & Marine Engineering. The two shipowners will own four vessels each and the eight ...
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Singapore's Cosco profit up
Singapore-listed Cosco, majority-owned by China Ocean Shipping (Group) Co, said its 2007 net profit climbed to S$336.6 million ($239 million), from S$205.4 million a year ago, a 64 % increase.The company said the strong performance came on the back of robust growth in its ship repair, ship building and rig ...
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Koreans considering Croatian shipyard purchase
A Korean company Might&Main has shown interest in buying two Croatian shipyards in the northern Adriatic. The company has sent its representatives to request additional information on the state-owned 3. Maj shipyard in the port of Rijeka and the Kraljevica shipyard. Damir Polancec, Croatian vice-president and minister for the economy, ...
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Zhejiang to build ten Bourbon vessels
China's Sinopacific Group subsidiary Zhejiang Shipyard has signed a contract with French shipowner Bourbon for the construction of 10 offshore vessels, for delivery during 2010 and 2012. The vessels will each be fitted with a large Hydramarine Active Heave Compensated (AHC) crane which will be built by MacGregor?s offshore division?s ...
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Odfjell cancels Russian newbuildings
In 2004 Odfjell placed contracts with the large Russian Sevmash shipyard, located near Archangelsk, for up to twelve 45,000 dwt IMO type II coated product/chemical carriers.The initial fixed total contract price for all twelve vessels was approximately $500 million, later increased to $544 million. Following serious delays in the construction ...
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Boom time for Japanese shipbuilders
Orders for vessels received by Japanese shipbuilders more than tripled in January to a combined gross tonnage of 1.3 million tons, up 226.7 % against the previous year's 398,640 tons, the Japan Ship Exporters Association said Tuesday. Comparative orders received last month were for 27 bulk cargo ships with a ...
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HSL to venture into shipbuilding
Marine engineering specialist Hock Seng Lee Bhd (HSL) in Sarawak, Malaysia, is diversifying into ship building, maintenance and repair that will enhance its exposure to the oil and gas sector. To that end, HSL has accepted an offer from Sarawak Timber Industry Development Corporation (STIDC) to acquire a 48.43-acre (19.37-hectare) ...
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Thailand aims to develop shipbuilding industry
The state and private sectors have joined to coordinate their efforts to upgrade Thailand's shipbuilding industry with an aim to make the country become ASEAN's shipbuilding and repair center. Atchaka Sribunruang Brimble, director-general of the Industrial Economics Office (IEO), said the agency had signed a cooperation agreement with a private-sector ...
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Pertamina orders two tankers
Indonesian state-owned oil and gas company PT Pertamina said Tuesday it has signed a contract to buy two oil tankers together worth $29.16 million from state-run shipbuilder PT DOC & Perkapalan Surabaya. Construction of the first tanker will be completed in March 2011 and the second vessel will be delivered ...
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Aker to build Arctic boxships
Aker Yards has been awarded a contract by Royal Arctic Line A/S in Nuuk (Greenland) to build two ice-strengthened container ships for arctic operation. The contract confirms Aker Yards' position as the global leader within specialized container ships and of vessels designed to operate in the growing market for ship ...
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Russian yard to expand
The Russian bank Vnesheconombank will be financing the construction of an 18 billion-ruble ($733 million) shipbuilding complex in St. Petersburg owned by billionaire Sergei Pugachyov.The state-owned bank signed an agreement last week with Alexander Gnusarev, chairman of Pugachyov?s United Industrial Corp. (OPK), for the funding of the project which will ...
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Aker denies Genesis delays
Aker Yards ASA has dismissed a Finnish media report claiming the construction of the world's two largest cruise ships is in danger of falling behind schedule. An Aker Yards' spokeswoman said the Turku yard in Finland is still on course to have the Genesis I ready by Autumn 2009 and ...
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Odfjell contracts newbuildings in China
Norwegian shipowner Odfjell has signed agreements with the Chuan Dong Shipyard in China to build a series of six plus four optional 9,000 dwt stainless steel chemical tankers at a total price for the first six vessels of $180 million. Delivery is scheduled in 2010-2012 and these newbuildings will operate ...
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HK yards need mainland Chinese workers
Hong Kong?s two ship repair yards, HUD and Yiu Lian, are reporting unheard of 90% dock occupancy for the past 18 months. Yet, if this important sector is to continue then the Hong Kong government must rescind old immigration rules and allow mainland Chinese skilled labourers to work at the ...
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NGV Tech winning orders for expanded shipyard
Malaysian shipbuilder NGV Tech Sdn Bhd is lining up a string of newbuild contracts for its newly expanded shipyard in Sijangkang, Malaysia. In 2005, the Malaysian shipbuilder expanded the yard to step up its newbuild programme in support of the booming oil and gas sector. The yard is now capable ...
