Latest News – Page 865
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Hanjin expanding in Philippines again
After building a $720 million shipyard in Subic, Korean industrial giant Hanjin Heavy Industries Co. is planning to expand its shipbuilding business in the Philippines with another large shipyard. Hanjin has already started building one of the biggest shipyards in the world at Subic Bay Freeport and the proposed second ...
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Philly delivers third tanker
The third product tanker built by Aker Philadelphia Shipyard in the US was recently delivered marking the first time in the yard???s history that three vessels were completed in the same year. Following very successful sea trials and final testing and commissioning, the ship, named ???Overseas Los Angeles???, joins two ...
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Spain wins Finnish ferry order
The Spanish engineering and consultancy company Sener has tied up with Astilleros de Sevilla the basic and detail engineering of a new Viking Line Ro-Pax ferry. The 133 m long, 1,500 passenger and 520 car capacity ferry is intended to operate short international routes on the Baltic Sea and will ...
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US plans for next LCS uncertain
Now that a massive defense spending bill has been passed in the US, the Navy is supposed to have enough money to buy one new littoral combat ship (LCS) this fiscal year but the Navy may delay the order. For Austal USA, stung by the recent cancellation of a previously ...
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EU project to promote LNG as ship fuel
An EU clean fuels pilot project is underway to promote the use of LNG as marine fuel for ships. Hopes are high for the Marine Fuel Gas Logistics project (Magalog) to take off as industry players begin showing interest amid growing international pressure for shipping to clean up its emissions. ...
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Vietnam launches biggest container ship
Ha Long Shipyard in Vietnam successfully launched a 1,750 TEU container ship which is the biggest of its type built in Vietnam. Shipyard director Nguyen Duc Than said the container ship, named ?Vinashin Dragon?, would be delivered to Vinashin Lines by the end of the first quarter next year. It ...
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Simon M?kster orders second vessel
Norwegian naval architects Multi-Maritime has announced that Riise Underwater Engineering (RUE) and Simon M?kster Shipping have ordered a second Multi Maritime-designed multi-purpose offshore vessel. The vessel will be built at Westcon in ?len, Norway. The new design, designated MM 73 MSV, is 7.2m longer than the MM 66 MSV design ...
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Daewoo wins Middle East order
Daewoo Shipbuilding & Marine Engineering Co in South Korea has secured an order worth $604 million to build four very large crude oil carriers for a Middle Eastern client. It did not identify the client. Delivery of the newbuildings is scheduled by December 2010.
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Full order book at Rousse
Rousse Shipyard in Bulgaria has enough orders to operate at full capacity through the end of 2010, according to managing director Ignat Traikov. The order book contains orders from German and Dutch ship owners and the shipyard is currently building the first of 10 8000 dwt dry cargo ships. The ...
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Posco steals a march with technological breakthrough
South Korea???s Posco is preparing to expand overseas and overtake Nippon Steel of Japan as the world???s third-biggest steelmaker by using its groundbreaking Finex technology. This revolutionary steel- making process is based on the next-generation Finex technology which is both cleaner and cheaper than traditional blast furnaces.Lee Dong-hee, Posco chief ...
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Vyborg captures offshore rig orders
The Russian OJSC Vyborg Shipyard and LLC Gazflot have signed a contract for engineering and construction of two floating drilling units to be operated in Shtokman gas condensate field. The shipyards of Murmansk and Arkhangelsk regions also participated in the tender.Under the contract, Vyborg Shipyard, which is located on the ...
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L&T eyeing massive shipbuilding orders
India's largest engineering and construction firm Larsen & Toubro Ltd (L&T) is negotiating with global shipping fleet owners to build ships worth over $1 billion, but the company cannot finalize these orders because it still hasn't received the requisite clearances for its shipyard from the local government.L&T plans to set ...
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Strategic Marine to build DSV
Henderson-based shipbuilder Strategic Marine in Australia has taken another major step in its goal of becoming a global shipbuilder with the signing of a second contract to build a 143m dive support vessel (DSV) for a Singaporean offshore service company.Strategic Marine???s order book now stands at a healthy $210 million ...
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Use won shipyards urged
The Bank of Korea plans to urge domestic shipbuilders to settle contracts in won and to spread hedging activities over time to curb the currency's gains against the dollar.???For the currency market's stability, we need to take multilateral efforts such as encouraging shipbuilders to settle deals in won and spread ...
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ECI acquires Kelvin Hughes
ECI Partners LLP (ECI), the UK mid-market buyout specialist, has acquired Kelvin Hughes in a ?£52m transaction out of Smiths Group plc, the UK listed technology company. Kelvin Hughes is a leading supplier of navigation products and services for the Naval and Commercial marine sectors. Kelvin Hughes has a ...
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Concern over slow reform of Russia???s shipyards
The Russian prime minister Viktor Zubkov has expressed concern over a slow reform of the civilian ship building industry at a meeting of the cabinet on Thursday. ???The civilian ship building industry is going through no easy times. The existing production capacities badly need modernization, while the accumulated scientific- technical ...
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Smit goes on newbuilding spree
The Dutch tug operator Smit has signed a contract with Damen Shipyards for 11 new vessels. Two tugs, type ASD 2810, are replacements for the harbour towage fleet in Rotterdam and will be equipped with a substantially higher bollard pull (60 tons) and are scheduled for delivery in May and ...
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Tokyo Gas orders LNG tanker
Tokyo LNG Tanker Co., a wholly-owned subsidiary of Japan's top gas distributor Tokyo Gas Co Ltd, has ordered an LNG tanker from Kawasaki Shipbuilding Corp, a unit of Kawasaki Heavy Industries, for delivery in 2011. The 177,000 m3 tanker will be able to carry about 82,000 tonnes of LNG and ...
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Ukraine company on course to buy Gdansk yard
Facing bankruptcy, the historic Gdansk shipyard has a buyer in one of Ukraine???s largest business groups, the Industrial Union of Donbas. However, new complications are tying up the sale. The Ukrainian group, co-owned by billionaires Serhiy Taruta and Vitaliy Hayduk, hopes to bail out the state enterprise, which has seen ...
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Bharati bags PSV order
India-based Bharati Shipyard has bagged an order for two Rolls-Royce designed UT 755LN platform supply vessels from Opielok Bereederungs of Germany. The total price of each vessel is $26.50 million totaling $53 million. The vessels will be operating in the North Sea under harsh environment and will be capable of ...
