Latest News – Page 975
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OECD halts negotiations on shipbuilding agreement
The OECD said negotiations between 26 governments on an agreement to tackle market-distorting measures in the shipbuilding industry have been halted. The negotiations, involving OECD members and non-member countries which together account for 96% of world shipbuilding, started in 2002.But Wilhelm Jaggi, Switzerland's ambassador to the OECD, who was chairing ...
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Keppel wins newbuild contracts
Keppel Singmarine in Singapore received orders for four offshore support vessels(OSVs) and two tugboats for about $46 million. The vessels will be progressively delivered to their owners up to first half of 2007.Currently, Keppel Singmarine has 22 vessels under construction, having delivered nine since the beginning of 2005. Its strong ...
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Blohm + Voss wins QM2 contract
Cunard?s ?Queen Mary 2? (QM2) will arrive in Hamburg at Blohm + Voss Repair GmbH on November 8 for maintenance and repair work. The QM2, which was built in 2003, will go into drydock Elbe 17 for maintenance work for the first time. Classification work and extensive painting work will ...
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RINA and CCS team up
Italian classification society and certification group RINA and the China Classification Society (CCS) have joined forces to deliver quality management system expertise to small and medium-size Chinese shipyards which intend to build ships for international trade.The two class societies have set up a joint venture company, Yizhong Marine Technical Services, ...
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MOL to expand MR product tanker fleet
MOL will be undertaking an aggressive expansion of its tanker fleet, including introduction of the newest double-hull MR-type 1 product tankers. The move is part of MOL?s mid-term management strategy calling for growth in the natural resource/energy transport sector. This field encompasses oil tankers, mainly VLCCs, methanol carriers, in which ...
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China steels POSCO's market
Korean shipbuilders and POSCO, South Korea?s largest steel maker, are on a collision course over the price of steel sheets used for building ships with the low-priced Chinese products set to make a foray into the Korean market. The Korea Shipbuilders? Association (KSA) said Korea?s major shipbuilders, including Hyundai Heavy ...
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Wärtsilä teams with Mitsubishi on two-stroke
Wärtsilä Corporation and Mitsubishi Heavy Industries Ltd (MHI) have signed an agreement for a strategic alliance in the field of two-stroke diesel engines.The two companies will share their resources and experience for improved business. Various possibilities will be explored in research and development as well as in the efficiency of ...
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Garware to acquire 3 PSVs
Offshore supply vessels (OSV) service company Garware Shipping Corporation is planning to acquire three Platform Supply Vessels (PSV) at a cost of $62.3 million. These newbuildings will be deployed to support offshore oil and gas exploration activities and Garware has already signed a MoU with Solstad Shipping, a Norwegian company, ...
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Frontline branches into FPSOs
The world largest oil tanker owner, Frontline Ltd of Norway, is planning to branch into ownership of floating production, storage and offloading (FPSO) vessels according to Frontline Management's managing director Oscar Spieler."We intend to become a large player in this market. We are building something new. This is currently the ...
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More newbuilds for Chinese yards
Guangzhou Shipyard snaps up two 38,500DWT product carriers from Pancoast in Greece for delivery in March and July, 2008. They will be built as Boston beam size.Wuchang Shipyard has won three platform supply vessels (VS483 design) from Toisa in Greece. Ship particulars are 87.4m in length, 19m in breadth and ...
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Aker signs retrofit contract
Aker Yards and the German TT-Line have signed a contract for retrofitting of four passenger-car ferries. The retrofit means renewing the vessels fuel systems to be more flexible and conforming to today?s demands. The project value is $9.1 million. The project will be executed at the Helsinki yard during January-March ...
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Mega boxship orders imminent
With an innovative design study for a 13,000 TEU container ship, Germanischer Lloyd and the Korean yard Hyundai Heavy Industries (HHI) are showing just how big container carriers will be in the near future. Before over 100 customers at the Container Forum, D.S. Cho, Executive Vice President of HHI, and ...
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Scotland get bulk of navy carriers
Scotland will get the lion?s share of the Royal Navy?s new £4 billion aircraft carrier contracts in a decision that will determine the future shape of the British shipbuilding industry and will guarantee hundreds of Scottish jobs for more than a decade. Defence industry sources said that a decision had ...
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NQEA sold to Viking Industries
NQEA in Queensland, Australia, has finalised the $7 million sale of its Queensland Marine and Industrial (QMI) to Brisbane-based Viking Industries. NQEA has now sold QMI, trading as Cairns Slipways, as well as land and all ship building and repair facilities. Viking also acquired the NQEA brand. The slipway includes ...
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Carnival assigns newbuilding
Carnival Corporation has assigned a previously ordered 112,000gt cruise ship to its Carnival Cruise Lines brand. The 3,006-passenger ship, to be built by Italian shipbuilder Fincantieri, is expected to enter service in spring 2008.The vessel was part of a five-ship contract with Fincantieri announced in September 2004 that also included ...
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Aker inks two drilling rigs
Aker Drilling has awarded Aker Kvaerner a turn-key contract for the delivery of two sixth-generation deepwater drilling semi-submersibles with an option for another two rigs by 2010. The two drilling rigs are scheduled for delivery in February and October 2008 and the contract value is approximately $1.15 billion. The contract ...
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Qeshm to get Chinese yard
China has expressed its strong interest in having a widespread presence in investment projects in Iran, of which, a shipbuilding complex contract in Qeshm Free Trade Zone (QFTZ) will soon reach the final agreement. The Chinese, in general, follow the policy of investing in an economic climate of cheap energy ...
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Daewoo wins Norwegian semi-sub
Daewoo Shipbuilding & Marine Engineering received a $500million order from Norway's Seadrill to supply a semi-submersible oil drill facility. Under the deal, the buyer can place two additional orders for drill facilities, in November and six months thereafter, which would take the total value of the contract to $1.5billion.
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Shipping Corp needs $2 bn to replace old fleet
The domestic shipping industry will require US $2 billion to replace the existing fleet older than 20 years. The current capacity of all the fleet stands at 8.3 million Gross Tonnage (GT) out of which fleet with 2.4 million GT is aged 20 years and olderSabyasachi Hajara, chairman and managing ...
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Australia's ponders amphib ship design
Spanish shipbuilder Navantia is rapidly progressing the construction of its new generation amphibious ship that will be considered by the Federal Government as part of the A$2 billion amphibious ships project.Defence Minister Robert Hill visited Navantia's shipyards at Ferrol and Fene on the north west coast of Spain and was ...
