Motorship News – Page 786
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News
Jaya in trouble
Singapore offshore vessel builder and operator Jaya Holdings says it is in the process rationalising its newbuilding program by delaying and cancelling newbuilding orders because of cash-flow problems. The shipbuilder is undergoing a restructuring program for its newbuilding program, which required $482.4m in capital as of the middle of last ...
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German yards for sale?
Newspapers in Germany last week speculated that the three Blohm + Voss shipyards, part of ThyssenKrupp Marine Systems (TKMS) in Germany, could be up for sale following reports that negotiations are in progress. THMS said it would not comment on the content or purposes of the talks but confirmed it ...
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Cebu shipyard expanded
Tsuneishi Heavy Industries? shipyard in Cebu (THICI), the Philippines, has recently completed a $250,000 expansion project to build a fourth slipway. This will enable the shipbuilder to construct bulk carriers up to 190,000 dwt and increase its annual building capacity from 14 to 22 by 2011.THICI director Roberto Aboitiz said ...
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China books more bulkers
Hantong Ship Heavy Industry (HSHI), located in Jiangsu Province, has become the latest Chinese shipbuilder to win a clutch of newbuilding contracts, with an order for seven bulk carriers worth around 1.4bn yuan ($205m). Following the recent drought of orders, Chinese yards have seen a significant improvement in new business ...
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Iran orders a dozen
The National Iranian Tanker Co (NITC) confirmed it will order 12 VLCCs in China on the strength of guarantees from China's export-import bank. Brokers reportedly claim that NITC will build six vessels at Shanghai Waigaoqiao Shipbuilding and six at a second yard that has not been identified, but is probably ...
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Ro-Ro order for Dae Sun
South Korean shipbuilder Dae Sun Shipbuilding & Engineering recently won a contract with a compatriot shipowner to build a new Ro-Ro vessel. This is Dae Sun's first newbuilding order in twelve months and is slated for delivery in October 2010.The $16 m newbuilding will be deployed in the shipment of ...
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Namura bags bulker
'K'" Line in Japan has ordered a 32,000 dwt bulker from Hakodate Dock, owned by Namura Shipbuilding. The vessel will replace the shipowner's 1996-built 24,000 dwt vessel which was sold in July. This contract is the first order placed by a Japanese shipowner since the start of the global financial ...
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Tsuneishi expands Cebu facility
Cebu-based shipbuilding firm, Tsuneishi Heavy Industries Cebu Inc. (THICI) will be hiring an additional 4,000 skilled workers in the next three months to operate its recently completed P12-billion expansion project. THICI Director Roberto Aboitiz said the additional workforce will increase total employment of the facility to around 9,000 skilled workers ...
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Japan to research hybrid propulsion
Japan's Mitsui Engineering & Shipbuilding (MES), in conjunction with Osaka University, will soon be undertaking research on a hybrid propulsion system which combines a battery unit with a diesel engine. The project also aims to reinforce the company's knowledge on electrical systems and promote recruitment as a heavy industries manufacturer ...
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Korean yard signs four tanker orders
South Korean builder 21st Century Shipbuilding has signed a letter of intent with an unnamed Asian oil exploration and development company to build four 20,000 dwt chemical tankers. The shipbuilder said that the shipowner had previously ordered and received eight 13,000 dwt tankers. Stainless steel vessels are regarded as high ...
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Cash crisis at DMHI
The Romanian president said that production at Daewoo Mangalia (DMHI) may have to stop if it does not receive a cash injection. DMHI is a joint venture shipyard between South Korea's Daewoo Shipbuilding & Marine Engineering and state-owned shipyard Santierul Naval 2 Mai. DSME has a controlling 50.99% stake in ...
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New tanker joins Hellespont
Hamburg-based Hellespont Tankers has taken delivery of the 'Hellespont Centurion', the first of a serious of eight 17,000 dwt IMO-2 chemical tankers. Hellespont Tankers will commercially manage the vessel, which has been entered into the Hamburg-based Seatramp Intermediate Tanker Pool. Technical management will be carried out by Hellespont Hammonia.Built ...
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Rongsheng invests heavily in offshore sector
Jiangsu Rongsheng Heavy Industries (JRHI), the Chinese private shipbuilder, plans to invest up to Yuan2.4bn ($352m) to build an offshore parts yard and ship design institute in Nantong. President of the yard, Chen Qiang, said the facilities would provide technical support to local shipyards, including Jiangsu Rongsheng itself. The Chinese ...
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Cido PCTCs may get cancelled
Hong Kong-based Cido Shipping is said to be looking at cancelling orders for PCTCs as it mulls options to make further cuts to its backlog of around 100 newbuildings. The shipowner reportedly wants to ditch four 2,400-car-equivalent-unit (ceu) PCTCs booked at Yamanishi Zosen of Japan which is scheduled to deliver ...
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Millionaire eyeing state-owned shipyards
Croatian millionaire Danko Koncar has reportedly confirmed he is interested in the privatization of all five state-owned shipyards. After much media speculation, Koncar confirmed his interest in an interview on Croatian National Television (HRT). If he is able to buy the shipyards, he said, he would continue their main service ...
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TAS aiming for top spot
The Malaysian shipbuilder Tuong Aik Shipyard Sdn Bhd (TAS) aims to be one of the top shipbuilders in South East Asia within the next few years. Having begun as a small supplier of marine coatings and provider of shipping services in 1977, TAS is now an export-oriented shipbuilder, serving international ...
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Brazil orders local bulker pair
Brazilian shipowner Log-In Logistica has placed an order at compatriot shipbuilder Estaleiro Ilha (Eisa) for a pair of 80,000 dwt bulkers. The shipowner says it is investing $165m in the newbuildings which will receive 90% financing from the government Merchant Marine Fund. Under the 25-year contract of affreightment, Log-In will ...
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Chinese yard delays newbuilds
Jiangsu Yangzijiang Shipbuilding recently revealed in its financial statement for the first half of 2009 that it has agreed to postpone delivery dates for 18 newbuildings for maximum of two years, and also agreed to review prices on eight newbuildings. Change in delivery schedule will be from five months up ...
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GL presents new OSV rules
The current status of new class rules and complementary solutions for safer operation of offshore service vessels (OSVs) were presented by Germanischer Lloyd's Helge Rathje at the 3rd International Conference on Technology & Operation of Offshore Support Vessels in Singapore. "Our aim is to formulate a set of new rules ...
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NewsKeppel wins two-tug order
A Keppel-built 45 tonne ASD tugKeppel Nantong Shipyard in China has received an order to build two 45-ton bollard pull twin-screw Azimuth Stern Drive (ASD) tugs from Keppel Smit Towage Pte Ltd (KST). These vessels will be built to Keppel O&M?s proprietary design, developed by its technology unit, Marine Technology ...
