Motorship News – Page 794
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News
EU strikes deal restructuring Croatian shipyards
The European Commission struck a deal with Croatia on the restructuring of its ailing shipyards, a reform sought by the EU as part of membership talks with Zagreb, a spokesman said. "There were discussions today on the terms of the restructuring and the privatisation," said Jonathan Todd, spokesman for EU ...
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Cruiseship operators turn to upgrades
Transport and shipping bank DVB has said that the short term future of the cruise ship sector would lie in the upgrade of existing vessels and the renegotiation of newbuild orders. Given the current low levels of consumer confidence and the global financial crisis, the German bank said that ...
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Bulker order cancelled at Namura
Japan's Hokodate Shipyard, part of the Namura Shipbuilding group of companies, has been hit by the cancellation of an order for five handysize bulk carriers but the shipbuilder is confident it will sell them on at a higher price. Osaka-listed Namura says the collapse of the order will boost its ...
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Gunsan yard delayed
Hyundai Heavy Industries is delaying the completion of its Gunsan Shipyard in an effort to preserve cash. Hyundai officials confirmed that the yard will now be finished by February 2010 as opposed to the original completion of August this year.Hyundai has not secured a newbuilding order since October 2008 and ...
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China encouraging shipyard mergers
China's government announced a two year plan to support and stimulate the nation's shipbuilders by encouraging mergers and acquisitions in the industry and making funding available for cash-strapped producers. Measures will be taken to speed the scrapping and replacement of older ships and single-hulled oil tankers, according to a statement ...
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NewsGE to explore hybrid power systems for USN
The GE LM2500 gas turbine, at the heart of the proposed hybrid propulsion systemGE Marine was recently awarded a contract by the U.S. Navy for ONR?s DDG 51 Fuel Efficient and Power Dense Demonstrator competition. "This project will develop and demonstrate the technology necessary to enable substantial annual fuel savings ...
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Fulcrum offers Iridium-based LRIT
Fulcrum Maritime Systems is now offering Long-Range Identification and Tracking (LRIT) services through the Iridium satellite network.Fulcrum operates the LRIT national data centers and acts as the recognized LRIT Application Service Provider (ASP) for several major maritime flag states, including the Bahamas and Japan. In addition, 46 flag states have ...
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Samsung bidding for LNG-FPSO
Samsung Heavy Industries said on 16 June in a regulatory filing that it "is participating in the bidding process for Royal Dutch Shell's LNG-FPSO construction project but the result is yet to be announced." The statement said Samsung Heavy has set up a consortium with a French engineering company and ...
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STX rebuffs dumping criticism
STX Offshore & Shipbuilding's recent order-intake for the construction of eight 50,400-dwt tankers (options for four units included), worth $340m ($42.5m per ship), has caused price controversy. Jo In-gab, Lee Jong-hwan, researchers with Shinhan Securities, said, "STX O&S has won the orders at the newbuilding price in line with current ...
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Havyard secures AHTS order
The Havyard Group, Norway, has signed a contract with Smart Shipinvest to build a Havyard 848 SMART AHTS with an option for one additional vessel. The first vessel will be delivered in the fourth quarter of 2011 while the option vessel would have a delivery date in the second quarter ...
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Propulsion orders at Seawork
A major order of propulsion systems for rigid inflatable boats (RIBs) for an unnamed European military organisation was announced at Mercator Media's Seawork exhibition.The orders come as a result of a contract placed with Liverpool, UK, based MST for 48 boats. 31 of the boats will be powered by twin ...
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Daewoo bids for Indonesian submarine contract
South Korean shipbuilder Daewoo International said that it would participate in the bid to build two diesel-powered submarines for the Indonesian Navy. Daewoo said it would submit specifications to supply two 1,400-tonne Type-209 submarines in a potential contract worth $1.2 billion. The submarine?s hulls each cost $350 million and will ...
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First LCS completes acceptance trials
The US Navy's first Littoral Combat Ship (LCS), USS Freedom (LCS 1), successfully conducted its second and final round of acceptance trials last month. The 378-foot Freedom, designed and built by a Lockheed Martin-led industry team, conducted the acceptance trials off the Virginia coast. The trials, which were a coordinated ...
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ThyssenKrupp to slash jobs in Kiel and Emden
Germany?s largest shipbuilding group, ThyssenKrupp Marine Systems, part of steel giant ThyssenKrupp, is axing 450 jobs at its facilities in Kiel and Emden. A TKMS spokesperson confirmed that the group wants to cut 200 of 2,400 jobs at HDW shipyard in Kiel by March 2010. At Emden-based Nordseewerke 250 of ...
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Hegemann applies for guarantees
German shipbuilding group Hegemann has applied for state guarantees of Euro 9m ($12.6m) to secure the financing of an order. A spokesman for the finance ministry of Mecklenburg-Western Pomerania said that the committee in charge had already discussed additional state help for the shipbuilder but had deferred a decision. Bremen-based ...
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SSW ends shipbuilding
Bankrupt SSW Schichau Seebeck Shipyard in Bremerhaven will no longer build new vessels. A creditors? meeting on Monday agreed to a plan presented by a group of investors to convert the yard into a maritime business park. The shipyard filed for bankruptcy in January 2009 with massive debts. The owners ...
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Brodosplit wins fruit-juice carrier
Croatian shipyard Brodosplit has won another newbuilding order from French ferry operator CMN for a fruit-juice carrier. Last year, the yard secured a contract for a ro-pax from the same owner. No price was disclosed. "The ship is contracted in euro, thus minimising possible fluctuations in US dollar exchange rate," ...
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Tsuji transfers marine equipment business
Tsuji Heavy Industries, now under corporate rehabilitation procedures, will transfer its marine equipment business to a company newly established by Oshima Shipbuilding, effective on 1 July. Oshima has set up a 100%-invested subsidiary Ainoura Machinery, based in Sasebo city and capitalized at Y300 million ($3m). Upon receiving permission from the ...
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New services package for ship lay-ups
Wärtsilä has introduced a new, comprehensive package of services, designed to cost efficiently manage hot and cold vessel lay-ups. Reduced transportation demand, over-capacity, and low freight and charter rates have become a major concern throughout the marine industry. The laying-up of ships is one option available to ship owners ...
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Korea?s first icebreaking RV launched
South Korea's first icebreaking research vessel ?Araon' has recently been launched at Hanjin Heavy Industries & Construction shipyard in Busan City. The research vessel is expected to be used for the exploration activities in the Antarctic and accelerate the establishment of South Korea's second Antarctic institute.The newbuilding will be delivered ...
