Latest News – Page 966
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New Malaysian shipyard ready for ops in July
Avanzamento Engineering?s (AESB) new shipyard in Manjung, Perak, Malaysia, will start operating in July 2006. About $13.2 million has been invested in the shipyard, which will employ 50 to 60 people and specialise providing maintenance, repairs and overhaul services and supply logistic support equipment for naval and coast guard frigates. ...
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Pertamina to acquire 32 tankers
The Indonesian state-owned oil company PT Pertamina plans to acquire 32 oil tankers totaling more than 800,000 DWT for domestic oil shipments. The company`s president director, Widya Purnama, said the procurement was made to support domestic fuel oil supply security and in view of the fact that "the company`s oil ...
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Istanbul orders two Austal cats
Austal Ships has secured a newbuilding contract for two 88 metre high speed vehicle-passenger catamarans from the Istanbul Metropolitan Municipality. This follows the submission of a fully compliant proposal with the lowest price offer in an international tender that began earlier this year. To be operated by Istanbul Deniz Otobusleri ...
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Turbomeca sets up Indian subsidiary
Turbomeca, the French-based player in manufacturing aero, land and marine turbines, is opening its industrial operations in Bangalore, India, though its 100% subsidiary Turbomeca Turbochargers Industrial India (TTII).The subsidiary will initially focus on industrial turbochargers and will assemble, sell and service turbochargers, which are used to boost several hundreds of ...
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New Dalian shipbuilder unveiled
A new and bigger shipbuilder was unveiled today in Dalian as part of the restructuring of the city's shipbuilding industry. Dalian Shipbuilding Industry was formed by the merger of Dalian Shipyard Co and Dalian New Shipbuilding Heavy Industry Co. Dalian Shipyard, with more than a 100-year history, used to be ...
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Thales to take 25% stake in DCN
Thales and naval construction group DCN have agreed a tie-up, which will see Thales take a 25% holding in DCN. The source confirmed a report that appeared in French financial daily Tribune that the government would announce the tie-up officially next week. According to the source, the agreement will be ...
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HHM to up production
Hudong Heavy Machinery in China aims to increase its engine product capacity by almost four times. The engine maker has set a target of producing 1.4 million bhp in 2006, 2.5 million bhp in 2008 and 3.5 to 3.8 million bhp in 2010.
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Konecranes to supply Korean shipyard
KCI Konecranes in Finland has received an order for a Goliath gantry crane from Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME). The new 900-ton crane will be delivered to the DSME shipyard in Okpo in November 2006 and will further strengthen KCI Konecranes' position on the fast-growing Korean shipbuilding ...
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SCI to acquire 14 newbuildings
As part of its ambitious expansion plans, national flag carrier Shipping Corporation of India (SCI) is all set to acquire 14 ships at a total cost of $563 million."The proposal of acquiring 14 ships has been cleared by the pre-Public Investment Board (PIB) and is awaiting final clearance from PIB ...
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Gibbs sets up in Aussie
US naval designer Gibbs & Cox will set up an Adelaide headquarters, helping to create more than 100 jobs.The Virginia-based firm will set up corporate headquarters near Outer Harbor-based ASC, which, in May, secured the $6 billion contract to build three air warfare destroyers for the navy. Gibbs & Cox's ...
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Jordan dredger for Vosta LMG
Vosta LMG received a contract for a cutter suction dredger from Arab Potash in Jordan. This new dredger is of special design as it will need to excavate hard salt deposits in extremely corrosive and harsh climate conditions. Ambient site temperatures exceeding 40 C are common. The Arab Potash site ...
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ABB wins multi contracts
ABB has won contracts worth $140 million to supply its Azipod propulsion systems for three vessels and electrical power systems for 11 new marine vessels and for two semi-submersible drilling rigs. The order includes six 10MW Azipod propulsion units for three Arctic shuttle tankers being built for Russia's Sococomflot at ...
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Odense delivers Gjertrud
The Odense Steel Shipyard presented its latest newbuilding for the A.P. Moller - Maersk Group. The 7,000TEU post-Panamax boxship was named Gjertrud M?rsk and is the fourth ship in a new series of updated container ships operated with extensive automation. With its 12-cylinder Wärtsilä RT-flex96C diesel engine from Doosan Engine, ...
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Petronet charters Exmar LNG carrier
Petronet LNG Ltd, India's largest liquefied natural gas importer, has awarded a 25 year charter agreement for one additional LNG ship from a consortium led by Exmar of Belgium at a day rate of about $82,000. Exmar, together with its Indian consortium partners, Varun Shipping Company and Indian Oil Corporation, ...
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Mipo clinches 8 PCs
Hyundai Mipo Dockyard recently captured two orders for product carriers. The first comprised of three 37,000DWT tankers from a European ship owner for as a total value of $124 million. The second is for five 47,000DWT product carriers valued at $230 million for delivery from 2008 to February 2009.
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Research vessel for Macduff
A new marine research vessel will be built by the Macduff shipyard in Aberdeenshire. Ministers are expected to confirm that the $7 million contract has been awarded to the north east yard, which will safeguard 130 jobs.
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China delivers Iranian bulker
Iran's Shipping Lines (IRISL) Panamax bulk carrier ?Iran Bojnourd? was recently delivered by Jiangnan Shipyard in Shanghai. The 74,000 DWT newbuilding is the second in a five-ship series ordered by IRISL and is 225 metres long, 32.2 metres wide and has a maximum speed of 14.6 knots. It is notable ...
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L-3 acquires SAM
L-3 Communications based in New York has signed an agreement to acquire SAM Electronics GmbH (SAM) for $150 million in cash, subject to customary closing conditions and regulatory approvals. SAM is expected to generate approximately $320 million of sales for the year ending December 31, 2006. The acquisition is expected ...
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Norden signs contracts with CSSC
Norden, Denmark-based shipping company, signed three contracts with China State Ship-building Corporation (CSSC). The contracts will increase Norden's current investment in China to over $100 million. Under the agreement, Norden will commission 2 product carriers from Guangzhou Shipyard and one bulk carrier from Chengxi Shipyard.
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Ferguson picks up ferry job
The Ferguson shipyard in Inverclyde has been awarded a multi-million pound contract to build a new ferry for Caledonian MacBrayne. The $10.4 million order was won by the Port Glasgow yard despite competition from Poland, Germany, Norway and Italy. The announcement comes as the yard faces the threat of closure, ...
