Latest News – Page 968
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Hyundai delivers trio
Hyundai has delivered three 100,000 DWT oil tankers for Sakhalin-1 Oil and Gas Project costing $150m. The tankers were ordered by Sovcomflot, Russia?s largest shipping company, and were designed and built specifically for transportation of oil within the framework of Sakhalin-1 oil and gas project. Two of the tankers will ...
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Ship repair back at Lairds
Ship repair work has restarted at the former Cammell Laird dry docks in Birkenhead.Northwestern Shiprepairers and Shipbuilders has been let back into the yard by landlord Reddington Finance as the two companies move towards a settlement of the dispute that has seen the dry docks lie idle since August.Northwestern was ...
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Gdynia and Gdanska to split
Gdynia shipyard recently submitted to the Polish Treasury, a proposal to sell Stocznia Gdynia.Meanwhile, the Polish government will prepare a list of measures necessary to implement the splitting up of the two shipyards. Stocznia Gdynia has valued Gdanska at PLN 80m (EUR 20.1m). Trade unions want the Treasury Ministry to ...
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Nam Dinh builds shipyard
Construction began a few days ago on the Thinh Long shipyard in the northern province of Nam Dinh in Vietnam. The new facility will form part of the Hoang Anh Shipbuilding Joint Stock, a member of Vinashin. Thinh Long shipyard will be the first such facility in the province and ...
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Hanjin to double boxship fleet
Hanjin Shipping will double its container fleet by 2010. To achieve the goal, Hanjin will place a new order for five 10,000TEU container ships next year for delivered in 2009. The timing of the order will depend on ship prices. When delivered, the newbuildings will be deployed on the transpacific ...
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Transocean upgrades second Sedco semisub
Transocean Inc has entered into an agreement with Chevron Corp for the upgrade of one of Transocean's Sedco 700-series semi submersible rigs. Under the terms of the drilling contract, Chevron will contract the rig over a primary term of three years, but has the right to convert the contract term ...
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Exmar orders another LNGRV
The Belgian shipping company EXMAR has confirmed a long-term charter party with Excelerate Energy LP, Woodlands, Texas, of a further LNG regasification vessel (LNGRV). The vessel will be built by Daewoo (DSME) as hull N° 2263. This newbuilding will be constructed incorporating the GTT membrane containment system together with Excelerate?s ...
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EU to impose ship ban
The European Union threatened to ban about 200 cargo ships from its waters to prevent accidents such as the sinking of an oil tanker off the Spanish coast three years ago. The EU proposed more inspections of commercial ships at EU ports and harsher penalties for vessels that fail safety ...
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NGV Tech in expansion mode
The Malaysian shipbuilder NGV Tech Sdn Bhd plans to expand its shipyard in Sijangkang to cope with the increasing demand for newbuildings. The Sijangkang yard which has the capability to build mainly aluminium vessels, already has its hands full with orders from local and overseas clients, including those from Singapore, ...
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DDX gets go-ahead
Officials have signed off on a plan for the US Navy to begin detailed design and procurement for materials to build eight new generation destroyers. Kenneth Kreig, the Under Secretary of Defense for Acquisition, signed the document needed to begin production of the Navy's futuristic surface combatant on Wednesday.The destroyers, ...
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Suez LNG signs deal
Suez LNG Trading SA of France has signed a 20-year contract with three Japanese firms for the transport of LNG from Yemen to the US and Europe. Under the contract, Mitsui OSK Lines, Sumitomo Corp., and LNG Japan Corp. will establish a company to transport 700,000 tonnes/year of LNG over ...
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Building starts at Qingdao
Construction of a shipyard project, believed to be the largest of its kind in China, commenced recently at Haixiwan Bay in Qingdao, a port in east China's Shandong province. Covering an area of 5.7 square kilometers, the Haixiwan Shipbuilding Base will form part of the China Shipbuilding Industry Corporation (CSIC) ...
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Construction starts on Agbami FPSO
Star Deep Water Petroleum Limited, an affiliate of Chevron Corporation, has commenced the construction of the FPSO vessel for its Agbami Field, valued at $1.1 billion. The vessel is being built at Daewoo in South Korea.The contract for the FPSO was awarded to DSME in February 2005 and the vessel ...
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MHI wins LNG order
Mitsubishi Heavy Industries in Japan clinches a 145,400 cbm moss type LNG carrier from Cygnus LNG Shipping, a joint venture of Nippon Yusen Kaisha (NYK Line) together with the Tokyo Electric Power Company and the Mitsubishi Corporation. The new 288 metre long gas carrier will be built at Nagasaki Shipyard ...
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U-boats for Israel
Sources in Germany report that the country will sell Israel two AIP-equipped SSK Dolphin class submarines for a total of EUR 1 billion ($1.17 billion), with the German government picking up one-third of the cost. They will be constructed at the Howaldtswerke-Deutsche Werft AG (HDW) shipyard, in Kiel. The Dolphins ...
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Prosafe wins Kiwi contract
Prosafe ASA's wholly-owned unit Prosafe Production Services Pte Ltd has won a $178m contract from New Zealand Overseas Petroleum Ltd. The New Zealand company will lease a Flotation Production Storage and Offloading (FPSO) vessel for five years, with five one-year options for renewal. Prosafe will convert the Suezmax tanker ?Ionikos? ...
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Daehan goes for expansion
Daehan Shipbuilding in South Korea will start the construction of a 29.97 acres new shipbuilding facility in Haenam and the development will consist of two stages. The first stage will cost W 90 billion and will be completed by early 2007 enabling the shipbuilder to build annually 12 ships of ...
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Asry projects big gains
The net profit of the Arab Shipbuilding and Repair Yard Company (Asry) is expected to reach $6.4 million this year while the net operating income is projected to reach $106m, compared with $93m last year.The projections were made after the company's board of directors reviewed the results for the year ...
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Aker and Viking sign LoI
Aker Yards and Viking Line have signed a letter of intent for delivering a passenger ferry in January 2008. The contract value is within the range EUR 110-130 million.The agreement includes options for two similar vessels. Aker Yards is planning to build the vessel in Finland, at its yard in ...
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Emission monitoring for Qatar LNG carriers
Martek Marine Ltd (UK) have secured the world¹s first contract for supply ofNOx/SOx/CO2 emissions monitoring systems for a series of new LNG carriers under construction at DSME in South Korea. The vessels are being built on behalf of the German owner PRONAV for the Qatar Gas II project and the ...
