Latest News – Page 869
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DESSC receives another newbuilding
The Cyprus-based Deep Sea Supply (DESSC) has taken delivery of the 4th of 8 PSV newbuildings from Cochin Shipyard in India. The vessel `Sea Pike`, a UT 755L Platform Supply Vessel, will go directly to Congo for a three (plus one) years time charter with ENI Congo. `Sea Pike` is ...
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Australia signs amphibious ship contract
The Australian government has signed a contract with Tenix, worth about A$3.1 billion ($2.78 billion) over eight years, to build two large amphibious ships for the Royal Australian Navy. The first ship, HMAS Canberra, will be delivered in 2013 and the second, HMAS Adelaide, in 2015. The 27,000 tonne ships ...
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Chery buys shipyard to boost car exports
The Chinese car manufacturer, Chery Automobile, has bought a Chinese shipyard as part of its latest effort to meet an ambitious export target. Privately-owned Chery, based in Wuhu city in eastern Anhui province, has bought the local Wuhu Shipyard and is restructuring it. ???Chery expands its business scope by foraying ...
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Croatia needs to cut shipyard aid
Croatia's next government will have to cut subsidies to the shipbuilding industry to move on with efforts to join the European Union, the country's top EU negotiator said. With 11,000 jobs at stake at five main shipyards, Croatia has put off the subsidy cuts until after elections on 25 November. ...
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Four Seasons home on the seas
Singapore was a recent stop on the ongoing global tour for the unveiling of the Four Seasons ???Ocean Residences???. The private preview and off-plan sales of the 221 metre Four Seasons, which is being developed by BV International Ocean Holdings Ltd, took place in mid-September at an invitation-only event at ...
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RIL to pump billions into dredging and shipbuilding
The Mukesh Ambani-owned Reliance Group is set to make a foray into shipbuilding and dredging with two separate companies. Sources said the petroleum-to-retail giant is expected to invest around $1 billion each in two companies and has begun talks with international majors for a strategic tie-up for the dredging business. ...
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Cunard orders a new Queen
Cunard has signed an order with Fincantieri to build a new 2,092 passenger ocean liner, at an all-in cost of approximately ??¬500m. The 92,000gt vessel, to be called Queen Elizabeth, will be the second largest Cunarder ever built and is scheduled to enter service in the autumn of 2010. In ...
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Yangzijiang books box ship orders
Yangzijiang Shipbuilding based in China's eastern Jiangsu province has, during the third quarter of 2007, secured shipbuilding contracts for thirteen container vessels totaling 182,349 cgt and with an aggregate contract value of $409.7 million. The company now has contracts in hand for 129 ships totaling 2.2 million cgt and worth ...
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Shipyard profits rise
Severnaya Verf shipyard in St. Petersburg, Russia, increased its net profit by 84% last year up to $12.89 million. Revenue accounted for $311.5 million last year as opposed to $457.72 million in 2005. Profit before taxes were reported at $14.5 million, a 48.7% increase on 2005 figures.
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Hyundai expands engine plant
Hyundai Heavy Industries will spend 260 billion won ($284 million) to expand its engine plant to meet growing demand. The expansion project will start this month and be completed in December 2010, The South Korean shipbuilder will also invest 150 billion won to build a new block plant in Gunsan, ...
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Hawaii orders lift U.S. Barge
A newly formed shipyard in Portland, USA, is about to deliver its first barge called ???Ho'omaka Hou??? in Drydock 3 at the Portland Shipyard. The U.S. Barge is co-owned by Vigor Industrial and Oregon Iron Works Inc., and announced its first contract 13 months ago. Young Brothers Ltd. in Hawaii ...
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ABG bulk carrier order
India's ABG Shipyard has received an order worth $360 million from a German company to build six 35,000 DWT handy size bulk carriers The order was placed by the Hamburg-based Bereederungsgesellschaft H Vogemann GmbH & Co KG.
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Cala to sell first UnderSea Casino
The Cala Corp in the USA has been invited to participate in the Global Gaming Expo, to be held in Las Vegas on 11 November. The company is confident that the $100 billion per year industry needs the UnderSea offshore ships because the potential for net profits will be much ...
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Garware Offshore plans JV with Havyard
Mumbai-based Garware Offshore Services Ltd plans to enter the shipbuilding business by setting up an exclusive facility for constructing offshore support vessels. This shipbuilding yard will be a joint venture with Norway-based ship manufacturer Havyard Leirvik AS, a subsidiary of Havyard Group AS. Havyard Leirvik builds offshore vessels, ice-breaking ships ...
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Daewoo mulls plant in North Korea
Daewoo Shipbuilding & Marine Engineering (DSME) may consider building a $150 million block plant in North Korea to help meet rising demand, the Yonhap new agency reported quoting the Daewoo's President, Sahng Tae Nam.Sahng's remark came after a three-day summit between South Korean President Roh Moo-hyun and North Korean leader ...
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GE orders two MSVs
India???s largest private shipping firm by fleet size and revenues, Great Eastern Shipping Co., will invest an additional $114 million to acquire two new multi-purpose support vessels (MSVs) to provide logistics support for offshore oil exploration activities. The MSVs will be built at the state-owned Mazagon Dock to the account ...
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Gazprom visits Murmansk shipyard
Representatives of the Sevmorneftegaz company, a subsidiary of the Russian gas major Gazprom, recently visited the Nerpa shipyard in Murmansk Oblast to discuss the shipbuilder???s possible role in the development of the Shtokman field in the Barents Sea.On the agenda was the shipyard???s existing and potential capability in the development ...
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Tata to look at shipbuilding
The Tata group is looking at the possibility of entering the shipbuilding business as India looks set to boost its shipbuilding capabilities to meet growing global demand for cargo ships. The Tata group has shown interest in building a shipyard near Shivrajpur in Gujarat after the state government invited expressions ...
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Indian firms seek incentives for shipyard projects
A number of private companies in India have expressed their interest in building two large shipyards planned by the government are now asking for several incentives, including a special economic zone (SEZ) status for the facilities. The companies claim these will help them save on taxes and make them more ...
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OSG orders two more tankers
Aker American Shipping ASA and Overseas Shipholding Group, Inc. (OSG) have signed an agreement pursuant to which Aker Philadelphia Shipyard, a subsidiary of Aker American Shipping, will construct two additional Veteran Class MT-46 Jones Act product tankers. The tankers will be transferred to another subsidiary, American Shipping Corporation, which will ...
