Motorship News – Page 790
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Japanese yard files for court protection
Small sized Japanese shipbuilder Onishigumi Shipbuilding has filed for protection in court. Established in 2005, Onishigumi took over the former Kyoei Shipyard and builds offshore support vessels and tankers up to 5,000DWT. A shipbuilding source said that it was unlikely that Onishigumi?s collapse was due to the global financial crisis ...
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Jinhaiwan wins massive bulker order
China's Zhoushan Jinhaiwan Shipyard has received an additional 30 bulker orders from Grand China Logistics, which had become a new stakeholder of the shipbuilding company. According to sources, ship types are said to be 57,000DWT and 83,000DWT bulkers for delivery from October 2010 through to the second quarter of 2012. ...
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Shtokman LNG order expected to attract major yards' interest
Reports from the Far East name the yards that are said to be competing for the valuable LNG carrier tender for as many as 16-20 new vessels for the Shtokman LNG project. The ships must be capable of handling the severe conditions in the Barents Sea. The three major South ...
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Kobe Steel cuts crankshaft production
Kobe Steel in Japan is to cut production of crankshafts by about 10% as a result of newbuilding delivery delays and shipyard cancellations. Crankshafts produced at Kobelco's Takasago plant near Kobe are for vessels above 10,000DWT and weigh up to 380 tonnes. Much of the output is exported to China.A ...
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Latest Korean yard opting for debt workout
Medium-sized South Korean yard Kwang Sung is the latest yard to opt for a bank-led workout procedure. Kwang Sung is a midsize shipyard located in Mokpo city. It constructs newbuildings at two slipways and, in recent years, has entered into the field of oceangoing vessels. Kwang Sung represents the eighth ...
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NewsMSC set to cut ship numbers
Splendida, MSC's latest addition to the so-called 'six star' cruise fleetThe once fast-expanding company that runs the world?s second-biggest container ship fleet is set to slash ship numbers in the face of the sector?s crisis, its chairman has told the Financial Times. Gianluigi Aponte, chairman of Switzerland-based Mediterranean Shipping Company ...
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DNV takes the lead in emerging CNG market
DNV Korea & Japan has taken the first initiative to introduce its CNG technology to major shipbuilders. This makes DNV the first mover among the classification societies in introducing this new technology. Shipping of LNG is a demanding process. Compressed natural gas (CNG) has lower production and storage costs compared ...
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Cosco axes bulk carrier orders
China Ocean Shipping Group Company (Cosco) has cancelled bulker newbuildings ordered at its own shipyards in China. Two subsidiaries of Cosco, Qingdao Ocean Shipping and Cosco Hong Kong Shipping, have axed eight 57,000 dwt Supramax newbuildings ordered at Cosco Zhoushan Shipyard.The contracts were worth $298.7m, according to Singapore-listed Cosco Corp, ...
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MAN Diesel chooses Marseille as new hub
To develop further its long-term relations with local clients and partners, MAN Diesel inaugurated its new hub in Marseille, France, on 9 July. Dr. Timmermann, Member of the Executive Board of MAN Diesel SE and Rémi Leport, Site Manager of this new hub, cut the red ribbon together. The Group?s ...
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Shipbuilding overcapacity warning from OECD
The OECD Council Working Party on Shipbuilding (WP6) says the economic downturn has hit shipbuilding hard where new orders have contracted by up to 90% and cancellations have increased. This situation is likely to result in significant excess shipbuilding capacity and the outlook is unlikely to improve for some time. ...
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WSS liferaft service station in Miami operational
Wilhelmsen Ships Service has announced that their Liferaft and Marin-Ark service station in Miami, Florida is now fully operational. It is a stand-alone station conveniently situated between the port of Miami and Port Everglades in South Florida, approximately 4 kilometers from the current Wilhelmsen Ships Service premises in Miami.The station ...
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New GL guidelines for more efficient ship designs
Germanischer Lloyd's new Guidelines for the Analysis of Alternative Ship Design and Arrangements (V-2-1) come into force in mid-July. Alternative ship design and arrangements are solutions which deviate from the prescriptive requirements of SOLAS regulations. Nevertheless they are suitable to satisfy the intent of the respective regulations. Alternative designs and ...
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Ship repair business bought out
The Bailey Group, based in Cardiff, has taken control of the A&P Group, which employs 600 staff at four sites. They include: Hebburn on Tyneside, Middlesbrough in Teesside, Chatham in Kent and Falmouth in Cornwall. Property developer and entrepreneur Paul Bailey, had taken a 50% stake in the group in ...
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STX France jobs on the line
The management of STX Europe?s St Nazaire yard in France is continuing to hope that they might yet avoid laying off employees during the final four months of the year. Last week, STX France told its 2,500 employees that about 1,500 jobs could go between September and December due to ...
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OPK and HHI sign cooperation agreement
Yan Yanovsky, Managing Director and Member of the Boards of Directors of United Industrial Corporation (OPK) in Russia and B.T. Ahn, Executive vice-president of Hyundai Heavy Industries (HHI), signed a cooperation agreement in the field of shipbuilding. The main purpose of this agreement is to establish a cooperation which will ...
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OPK and MCN to cooperate
Modern Commercial Navy (MCN) PLC and United Industrial Corporation JSC (OPK) have signed a cooperation agreement for the potential development and construction of a multifunctional supply icebreaker and a 75, 000 m³ LNG carrier. MCN PLC is the largest Russian shipping company with longstanding experience of collaboration with shipbuilders ...
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MSC delays delivery of mega-boxships
Mediterranean Shipping Co (MSC) is said to have pushed back deliveries for some of its mega boxships on order. MSC chairman Gianluigi Aponte told Italian media that deliveries of the largest containerships have been delayed by few months and up to a year."For ships that were imminent, those for delivery ...
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Chinese seeking buyer for cancelled ships
Ethiopian Shipping Lines (ESL) is in talks with a Chinese shipyard to buy cancelled newbuildings. The national carrier has been wooed by an unnamed Chinese yard looking to find a home for cancelled ships.It is offering nine vessels to ESL, with payments to be made over 10 to 15 years, ...
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Zim takes delivery of mega boxships
Israel?s Zim Integrated Shipping Services has received the first consignment of its twelve-vessel order with the arrival of ?Zim Los Angeles?. The 8,400 TEU vessel is the first mega container vessel owned by the company and will be followed by the delivery of ?Zim Djibouti? in two weeks? time. This ...
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Ship completion contract for Ulstein Verft
Ulstein Verft has won the contract with GIEK and Sparebank 1 SR-bank to complete the construction of a large anchor handling vessel for Solstad. The newbuilding comes from the bankrupt Karmsund Maritime Service AS and is an important component in filling up Ulstein Verft?s production capacity."Solstad was an important customer ...
