Latest News – Page 946
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BAE-VT unsure on Babcock
BAE Systems and VT Group are considering joining forces as a fallback plan if they decide not to press ahead with a bid for rival warships builder and support services company Babcock International. The pair announced in March that they might bid for Babcock, and the Takeover Panel has given ...
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Adani seeking foreign partners
The Adani Group in India is in an advanced stage of negotiations with at least three international shipbuilding companies, two in South Korea and one in Japan, to forge a strategic partnership for its $220 million shipbuilding project in Mundra. Industry reports suggest that Adani is talking to Korean shipbuilders ...
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Wärtsilä increases assembly and testing capacity
To meet the strong level of market demand and to support the company's growth target, Wärtsilä is investing in higher efficiency and capacity for engine assembly and testing. This means an aggregate investment of approximately EUR 48 million in the Vaasa, Finland, and Trieste, Italy, delivery centres. Two-thirds of the ...
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Q Ship takes delivery of Aframax newbuilding
The Qatar tanker company, Q Ship, took delivery of ?Mesaieed?, which is the fifth unit in a series of six 105,000 dwt Aframax tankers under construction at Hyundai Shipyard, Korea. This vessel is coated and will carry clean petroleum products. The newbuilding is on time charter for two years. The ...
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HHI delivers mega container ship
Hyundai Heavy Industries delivered a 9,100TEU container ship to Peter Dole. Named as MSC Madeleine, she is 348.5m long, 42.8m wide and has a depth of 27.2m. The Hyundai built MAN B&W 12K98MC main diesel gives a service speed of 25.1 knots.
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Fincantieri acquires stake in Lloyd Werft
Fincantieri created an international network for refitting and refurbishment services by acquiring a shareholding in the German shipyard Lloyd WerftFincantieri and Bremer Investitions-Gesellschaft mbH (BIG), the service provider for regional and business development in the state of Bremen, have signed an agreement with the current shareholders of Lloyd Werft Bremerhaven ...
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Hanjin wins four container ships
Hanjin Heavy Industries secured an order for four 3,100TEU container ships from a European ship owner. Total contract price is $248 million and will be delivered by May 2009.
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L&T to build second shipyard
Larsen & Toubro (L&T), India's largest construction and engineering firm, aims to invest more than $111 million to build a second shipyard and grab a share of the global demand for vessels, a senior official said. "We are looking at several locations on the east and west coast and investments ...
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Kooren sells three Rotortugs
Kooren Shipbuilding and Trading B.V. in Holland has won an order for three of their RT-80 Rotortugs from Bugsier-, Reederei-, und Bergungsgesellschaft mbH & Co. KG. These 28.30m long by 12m wide tugs are to be built at ASL Shipyard Pte Ltd. in Singapore for delivery between November 2007 and ...
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Greeks eye Qatar
Greek shipping companies want to set up fast ferry services between Qatar and neighbouring countries including India, Pakistan and Iran, according to local reports. Ferries would carry trucks and cars as well as passengers. A high-level delegation of businessmen, including shipping industry magnates, is currently in Doha for talks with ...
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Wärtsilä and Emerson to form alliance
Wärtsilä Automation Norway, a member of the Wärtsilä group and Emerson Process Management have decided to form a total electrical and instrumentation system alliance for FPSO vessels. This alliance will deliver high-performance power plant and process automation systems for FPSO market incorporating leading technologies from both companies. Dedicated engineering teams ...
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Les Abeilles orders a dozen
In line with its Horizon 2010 strategic plan, the French towage and salvage company Les Abeilles, a Bourbon subsidiary, is expanding its harbour tug fleet by ordering 12 tugs consisting of a series of 8 vessels from the Piriou shipyards in Concarneau (France) and 4 from the Damen shipyards in ...
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L&T bags first shipbuilding job
Larsen & Toubro Ltd (L&T), India's largest engineering and construction conglomerate with additional interests in electricals, has forayed into the shipbuilding business by securing a $98 million contract from the Netherlands-based Zadeko Ship Management CV to construct four ships. The ro-ro/lo-lo semi-submersible heavy lift vessels will be built at a ...
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Korea Line orders two PCs
Korea Line in South Korea placed an order for two 49,900DWT product carriers with unknown shipbuilder for delivery during first half of 2008 at a cost of approximately $90 million.
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Two offers for Gdansk shipyard
The employees of Gdansk shipyard have submitted an offer to buy the company. The second potential buyer is the consortium of state-owned entities comprising of Energa power distributor and the Agency for Industrial Development (ARP). Each of them would get 50% and Roman Karkosik may join the consortium.
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MAIB urges immediate action to prevent another Star Princess fire
The lead British agency investigating the March 2006 ?Star Princess? blaze has urged cruise lines to take "immediate action" to prevent catastrophic fires from starting on balconies of cruse ships. The Marine Accident Investigation Branch (MAIB) on 26 April said the fire erupted on the balcony of a cabin on ...
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Reefer duo for Eimskip
Eimskip, subsidiary of Avion Group, has entered into shipbuilding contracts for the construction of two highly sophisticated reefer vessels for a total purchase price of approximately NOK 260 million. The investment is supporting the company strategy to be a supplier of quality services in the North Atlantic and is a ...
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BAE to pull out of Babcock bid
BAE Systems in the UK is believed to be preparing to walk away from a £700m bid for engineering group Babcock. BAE's interest in the company was fading because of the soaring price of Babcock shares, which have leapt from under 260p to 320p in recent weeks and a strong ...
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India to select shipbuilding yard sites
With the global shipbuilding sector experiencing an unprecedented boom, the Central government in India has decided to build two world-class shipbuilding yards, one on the west coast and the other on the east coast. For this, the Union Shipping Ministry has appointed a high-level committee of top officials to search ...
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Samsung seals world's largest drill ship
Samsung Heavy Industries in South Korea has clinched an order from Ferncliff Drilling AS in Norway for the world?s largest drill ship costing $550 million. The 300,000DWT drill ship is 228m long and will be delivered in February 2009.
