Latest News – Page 964
-
News
FAR letter of intent
Norsk Hydro has informed Farstad Shipping ASA that they will enter into a 5 year contract (with a 3 x 1 year option) for a large platform supply vessel. The contract will be serviced by a newbuild. Start-up for the contract is April 2006 and the contract will be operated ...
-
News
Korea consolidates its lead
Korean shipbuilders will maintain their lead in terms of orders this year, outpacing Japanese rivals for the third year running. Market researcher Clarkson Research Studies said that Korea's total amount of ship orders in the first 11 months of this year amounted to 13.9 million CGT (compensated gross tonnage), or ...
-
News
Clock ticking for Vietnam?s aging fleet
Most vessels in Vietnam?s shipping fleet have been rated as weak and obsolete in terms of both transport capacity and technology, according to the Vietnam Shipowners Association and the Government Decree 14/CP (1996) on shipping, which rates ships as unserviceable if they have served for more than 15 years.Many Vietnamese ...
-
News
Aker Kvaerner awards semi-sub contract to Dubai Drydocks
The hulls for two Aker Kvaerner designed H6e semi-submersible drilling rigs, designed for deep sea drilling in harsh environment and arctic conditions, is to be built by Dubai Drydocks. The Contract includes the steel construction of the two hulls up to main deck, installation of piping systems, DP- systems, mud ...
-
News
Hyundai develops marine hydraulic pump
Hyundai Heavy Industries (HHI) has successfully developed Korea?s first marine hydraulic pump through in-house technology after two-year research and development commitment. To develop this hydraulic pump, HHI faced technological difficulties since it is a submerged cargo pump which is operated under an ultra high pressure of 280kg/cm2. It is expected ...
-
News
Posco cuts steel plate prices
Posco in South Korea has cuts thick steel plate price by W 30,000 per tonne and, as a result, the price to Korean shipbuilders will be W 615,000 ($604.48) per tonne from January next year. Korean shipbuilders are likely to use 5.1 million tonnes of steel this year and 5.4 ...
-
News
Tamba orders ethylene carrier
Tamba Kisen in Japan ordered a 10,000 cbm ethylene carrier from INP Heavy Industries. This shipbuilder now has clinched a total three 10,000 cbm ethylene carriers from Japanese ship owners.
-
News
Daewoo cancels order
South Korea's Daewoo Shipbuilding & Marine Engineering has canceled an order, received in October, for two semi-submersible drilling vessels worth $402 million. The order had been placed in October by Singapore's Frigstad Offshore Drilling Ltd. for delivery by June 2009. Daewoo decided to terminate the contract as Frigstad failed to ...
-
News
Aker inks Finarge AHTS
Aker Yards has signed a contract in excess of $30 million to build an Anchor Handling Tug Supply Vessel (AHTS) for Finarge de Navega??o do Brasil, a company of the Rimorchiatori Riuniti Group in Italy. The 2,500 dwt vessel is an Aker AH 05 design and will be built at ...
-
News
California releases report on ballast discharge standards
At its December meeting the California State Lands Commission (SLC) is expected to approve the report to the Legislature titled "Recommendations for Performance Standards for the Discharge of Ballast Water into the Waters of the State". The report recommends tough interim and final performance standards for existing and newly constructed ...
-
News
California Clean Coast Act
The State of California Clean Coast Act comes into effect on 1 January 2006 and prohibits incineration onboard oceangoing ships operating within three miles of the California coast. The law also prohibits release of hazardous or other waste, sewage sludge and oily bilge water into marine waters of the state. ...
-
News
Brazilian ballast water requirement
Owners have reported encountering difficulties with the new Brazilian ballast water management requirements issued by the Directoria de Portos e Costas (DPC). The new regulations came into affect on October 15, 2005 and apply to all commercial ships calling on Brazilian ports and terminals regardless of flag. The new regulations ...
-
News
IACS adopts Common Structural Rules
IACS Council has unanimously adopted the Common Structural Rules for implementation to Tankers and Bulk Carriers contracted for construction on/after 1st April 2006. At its December meeting the Council received presentations from the JTP and JBP project teams and took into consideration all the comments received from industry including shipowner ...
-
News
Royalties hit Korean shipbuilders? earnings
South Korean shipbuilders are paying large royalties on a core foreign technology for manufacturing LNG carriers, causing a big reduction in their earnings. To build LNG carriers, most Korean and foreign shipbuilders currently use a membrane containment system developed by Gaz Transport & Technigaz of France, a key technology for ...
-
News
Korea and China win new orders
China Shipping has won a new order for a 8,530TEU container ship with Hudong Zhonghua Shipbuilding in China for delivery on late 2008. Daehan Shipbuilding in South Korea clinched three 10,000DWT multi purpose carriers from Normed Line for delivery in 2008. Samho Shipbuilding also won two 12,800DWT chemical tankers new ...
-
News
Aker inks fourth Tallink contract
The option agreement Aker Yards and Tallink had for a large cruise ferry was recently confirmed and the 165 million euro vessel will be built at the Helsinki yard for delivery in summer 2008. She will be a sister ship to ?Galaxy? launched at the yard in Rauma early this ...
-
News
LNG propulsion guide from ABS
The surge in liquefied natural gas (LNG) carrier newbuildings and the accompanying development of a new generation of these specialized ships has generated interest in alternative propulsion systems. These alternatives are addressed in the new ABS Guide for Propulsion Systems for LNG Carriers, the first such comprehensive set of standards ...
-
News
SMIT expands into Brazil
SMIT is taking another step in its strategy to expand its harbour towage activities by acquiring 50% of Rebocadores do Brasil S.A. (Rebras). Rebras already owns three 55 tonne bollard pull harbour tugs which are chartered out on bare boat basis. The company, to be renamed SMIT Rebocadores do Brasil ...
-
News
ASL clinches new contracts
ASL Marine headquartered in Singapore, has clinched new deals worth $24 million. The latest contracts are for the construction of three work barges and four rotor tugs to be delivered to customers in Europe. The three work barges are expected to be completedby June 2006 and the four rotor tugs ...
-
News
Contract signed for Brazil FPSO
Dutch bank ABN Amro's specific purpose company CDC in Brazil has signed a contract with Brazil's federal energy company Petrobras to build the topside of the P-53 FPSO. This FPSO will produce oil at the Marlim Leste field in the Campos Basin, located 120 km off the coast of Rio ...
