Latest News – Page 970
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STX builds for STX Pan Ocean
South Korea-based shipping company STX Pan Ocean Co. Ltd. awarded a contract to STX Shipbuilding to build three ships. The tender for the three ships, priced at $44 million each, was awarded to STX Shipbuilding as that was the only bid received, said STX Pan Ocean, which is listed in ...
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Volgograd builds Iranian coasters
Volgograd Shipbuilding Plant, part of the MNP group, started construction of the lead-ship in a four-ship series of dry-cargo ships for Iranian company Irinvestship at a total cost of $44 million. Delivery is scheduled over the course of the next two years. The 139.95 m long, 16.7 m wide newbuildings ...
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New rudder plant for KPM
Kawasaki Heavy Industries (KHI) announced that its subsidiary company Kawasaki Precision Machinery Ltd (KPM) has completed the construction of a new ship rudder plant in Uiryeong, South Korea. KPM?s rudder business in South Korea was previously operated through Dongmyong Industrial Co. but the technical alliance with Dongmyong was terminated in ...
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China to expand shipbuilding industry
The city of Xiamen in China announced that it will develop shipbuilding and ship repair business by 2015. According to Korea Trade-Investment Promotion Agency?s branch office in Xiamen, the city will secure shipbuilding capacity of 800,000DWT in 2010 and ship repair capacity of 150 ships from 30,000 to 100,000DWT. The ...
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Northrop Grumman suffers $1 billion Katrina hit
Hurricane damage to Northrop Grumman's Mississippi and Louisiana shipyards tops $1 billion and company officials claim production delays could cost the defense contractor millions more. The Pascagoula shipyard had been inundated by at least 8 to 12 feet of water after hurricane Katrina slammed into the Gulf Coast on 29 ...
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Nexans charters Bourbon Skagerrak
Nexans, a major global player in the cable industry, has entered into an agreement with Bourbon Cable AS, a subsidiary of Bourbon Offshore Norway AS, securing control of the specialised cable layer and construction vessel ?Bourbon Skagerrak?. The agreement runs for three years with options to extend for up to ...
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Progress to reduce pollution at sea
The provision of adequate waste reception facilities at ports, and the technical and practical matters associated with it, requires attention in the future, agreed the Industry Reception Facilities Forum at its fifth meeting in London on 18 October. The forum membership includes BIMCO, InterCargo and InterTanko. There still remain a ...
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Another PSV for Aker
Aker Yards has confirmed an optional agreement with Volstad Shipping AS, Ålesund, for the building of a Platform Supply Vessel (PSV) worth approximately NOK 250 million. Delivery is scheduled for September 2007 from Aker Yards, Brattvaag where the final outfitting will take place when the Romanian built hull arrives.The 92.30 ...
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Two Austal fast ferries for Guadeloupe
Austal Shipping, the West Australian shipbuilder, has delivered two more fast ferries to the Guadeloupe ferry operator L?Express des Iles. The first newbuilding named ?Silver Express?, will carry 360 passengers and 10 cars while the second unit named ?Gold Express?, will carry 446 passengers. Both vessels share the same 45.24 ...
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Hyundai to build R&D centers in China
Hyundai Heavy Industries in Korea has unveiled its strategy to enter the Chinese ship market. The Korean shipbuilder will spend $14 million to construct research and development centers in Beijing and Shanghai next year. Although Hyundai has four branches in China including a joint venture with a construction company and ...
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Iran quartet for Rickmers
Iran's shipbuilding company Sadra Group will build four cargo ships, worth $118 million, for the German-based Rickmers shipping company. The 24,000 dwt newbuildings have been purpose-designed for the carriage of break-bulk, heavy lift and project cargoes. With an overall length of 175m and a beam of 26.5m, they will be ...
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HSL launches research vessel
The buoy tender cum research vessel ?Sagar Manjusha? was launched last week by Hindustan Shipyard Limited (HSL). Ordered by the National Institute of Ocean Technology (NIOT), the newbuilding is 60 metre long, 11 metres wide and 5 metres deep. It is powered by two Caterpillar diesel engines and will have ...
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Korean shipyard in Subic venture
A Korean shipbuilding company plans to set up a $1-billion shipyard in Subic Bay, on the west coast of Luzon Island in the Philippines, and hire 20,000 shipbuilders in adjacent communities in the Freeport to help solve the unemployment problem of the country. Subic Bay Metropolitan Authority (SBMA) administrator, Armand ...
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Waigaoqiao sets new delivery record
Shanghai Waigaoqiao Shipbuilding (SWS) has become China's first shipbuilder to deliver more than 2 million deadweight tonnes in a year after it recently handed over a 175,000 dwt Capesize bulk carrier. Waigaoqiao has delivered ships of 2.06 million dwt this year, following its record 1.7 million dwt last year. Overseas ...
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Teekay to acquire three Suezmaxes
Teekay Lng Partners plans to acquire three Suezmax crude oil tankers and related long-term fixed-rate charters for $180 million from its parent company, Teekay Shipping. The company said Teekay Lng plans to finance the acquisition with the net proceeds of a proposed public offering of its common units, together with ...
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STX mulls shipbuilding facility expansion
STX Shipbuilding in Korea is considering the construction of a new shipbuilding dry dock. The aim is to increase output to 70 ships per year by 2008.
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Korean shipowners in ordering spree
Korea Line has placed an order for a Capesize bulk carrier costing $ 70 million. The shipping company declined to give shipbuilder?s name and ship size but said that the order is a part of medium and long-term fleet expansion plan. Delivery is scheduled during first half of 2009.STX Pan ...
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Wärtsilä powers VeKa feeders
Wärtsilä was awarded a contract from Bijlsma Shipyard in Lemmer, Netherlands, to deliver propulsion plants for two 350 TEU container feeder vessels ordered by the Dutch VeKa Group For each vessel, Wärtsilä will deliver an eight-cylinder Wärtsilä Vasa 32LN main engine, a Wärtsilä reduction gearbox, a 3.20 m-diameter Lips controllable-pitch ...
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Oil drilling ship gets Wartsila power
Wärtsilä has been awarded the contract to deliver six Wärtsilä 32 diesel engines with a combined power of over 40 MW for the world's largest oil drilling ship which is being built by Samsung Heavy Industries in Korea. Ordered by Stena Drilling, a member of the Stena group of Gothenburg, ...
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ITS to help build warships
The Indonesian shipbuilder PT PAL will cooperate with the Surabaya Institute of Technology (ITS) to build corvette warships using technology similar to stealth aircraft technology. The cooperation was conceived under a Ministry of Defense program, which requires PAL to cooperate with the country's universities to build the warships. Aside from ...
