Motorship News – Page 797
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CSSC plans new shipyard
Despite the collapse in the newbuilding market, state-owned Chinese shipbuilder China State Shipbuilding Corporation (CSSC) is planning to invest up to Yuan10bn ($1.5bn) to build a shipyard in Zhongshan , Guangdong province. The project is located adjacent to the Zhongshan Industrial Development Zone, with a total land area of 4,800 ...
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Owners ask yard for lower prices
Taizhou Sanfu Ship Engineering is set to begin talks with owners who have requested lower contract prices for bulk carriers already on order. The privately-owned Chinese shipyard said that it had received no requests to cancel any ships on its orderbook, now comprising 47 vessels. But commercial director Qin Weimin ...
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Creditors eager to revive Jinse
Three non-life insurance companies which are creditors of Jinse Shipbuilding of South Korea are requesting another creditor banks to delay collecting debts but the banks are refusing to do so. Meritz Fire & Marine Insurance, Heungkuk Fire & Marine Insurance and Hanwha Non-life Insurance has recently sent an official document ...
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Gulf capital buys Polish shipyards
Gulf capital is behind the consortium which bought two of Poland's three historic shipyards this week, Polish Prime Minister Donald Tusk indicated Saturday. "There is a specific fund which represents the interests and financial potential of that region. It would not have been possible without my many visits to Qatar ...
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Malta calls for fresh bids
The Maltese government has asked bidders who submitted offers for the four business units comprising the Malta Shipyards to reconsider the financial portions of their bids and they have until 20 June to submit their new proposals. It is understood that the government has directly indicated to the bidders that ...
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Frontline cancels six tankers
John Fredriksen's Frontline has cancelled orders for six newbuilding very large crude carriers and Suezmaxes at Chinese shipyards worth more than $550m and representing 33% of its order-book. However, Jens Martin Jensen, now Frontline Management's permanent chief executive, said Frontline did not expect to cancel further newbuilding contracts. After the ...
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Russian and Finnish marine industries strengthening cooperation
The Association of Finnish Marine Industries (AFMI) and Russian joint stock company United Shipbuilding Corporation (OCK) have signed a cooperation agreement in Helsinki, with an aim to explore the opportunities of Finnish shipbuilding and marine industry to participate in shipbuilding programmes of Russian shipyards. OCK is a joint stock company ...
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New pilotage vessels for Belgium
Flemish Prime Minister Kris Peeters signed a contract for new pilot vessels to be built by Abeking & Rasmussen in Germany. The order calls for delivery of three 25m SWATH pilot tender and one 60m SWATH pilot station vessel to enter service in 2011 and 2012. Including these new pilot ...
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Pearl Seas forced to cancel 2009 programme
Pearl Seas Cruises, a new cruise company based in the US, has cancelled its cruise programme for the remainder of the 2009 touring season in the Atlantic region for a luxury cruise ship building at the Halifax Shipyard in Canada. The company announced that it was forced to cancel the ...
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Golar Winter leaves yard for Brazil
Golar Winter, Golar?s newly converted FSRU, recently sailed from Keppel shipyard in Singapore for Brazil and is Petrobras? second FSRU and sister to Golar Spirit. Both vessels are classed by DNV.Jan Koren, who heads DNV?s tanker business, said the vessel is expected to be stationed at Petrobras?s LNG import facility ...
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New ice-breaker for Japan
?Shirase?, a new ice-breaker, has arrived at its homeport in Yokosuka where Japan?s Maritime Self-Defence Force has a base. At 12,650 tonnes, the 'Shirase' has a length of 138m, a beam of 28m and has state-of-the-art ice-breaking capabilities. Built at the Universal Shipbuilding yard in Maizuru at a cost of ...
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STX seeks government help in Europe
The Managing Director of STX Europe has called on the Finnish Government to place orders for vessels to help STX Europe?s yards in Finland get through these tough times. Martin Landtman said that the country did not have a vessel capable of fighting oil pollution in ice conditions. He also ...
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California ARB reg could lead to propulsion failures
The Air Resources Board (ARB) in California has a proposed regulation under review that, if approved as expected, will require ocean going vessels to use low sulphur marine distillates in main engines, auxiliary engines, and auxiliary boilers beginning on 1 July, 2009 in regulated California waters. The state defines regulated ...
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China Steel, Sumitomo plan Vietnam mill
Vietnam has granted an investment licence to a consortium of foreign firms led by China Steel, Sumitomo Metal and Sumitomo Corp to invest $1.15 billion in a steel mill in the country's southern region.The project would be operational by 2013 with a design capacity of 1.6 million tonnes per year ...
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LR opens another office in China
Lloyd?s Register?s latest office in China, its 14th, was opened recently and will initially employ more than 20 with the number rising to 30 in the coming weeks.Nick Brown, Country and Marine manager, PR China, heralded the occasion as an important step for LR in its continued investment in the ...
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Russia to modernize fishing fleet
Head of the Russian Federal Fishery Agency, Andrey Krainy, says cooperation with Norway over trawler fleet modernization is a necessity. The obsolete Russian fishing fleet now is in dire need of upgrades and Krainy said "Our fishermen cannot compete with the Norwegians because the prime cost of our production is ...
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Asian shipyards expand LNG carrier portfolios
Officials from major Asian LNG carrier shipyards at Gastech 2009 have said that, while 2009 has been a quiet year so far, they are confident that 2010 will see an upturn in orders, especially from clients looking for floating storage and regasification units (FSRU). Chan Won Moon, who works for ...
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New LNG sloshing guidelines
Lloyd's Register has published a new guidance document for the design of membrane-technology liquid natural gas containment systems. The document is aimed at improving design procedures with respect to sloshing forces, and is the result of a long programme of research and development, including extensive consultation with industry, and an ...
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Asia to become world's dominant shipping force
What might feel like a global shipping meltdown will, in hindsight, be viewed as a worldwide shift to an Asian domination of the maritime industry. Such was the conclusion of a recent shipping finance forum in Tokyo. Asia's determination to protect its shipbuilding industries and to secure its means of ...
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Japan ranks top in order intake
According to the Korea Shipbuilders' Association (Koshipa), South Korean shipbuilders have received new ship orders of 171,000 cgt in the first quarter of 2009, placing it 2nd in market share after Japan. Koshipa released a report entitled "Current Situations and Prospects of Shipbuilding Industry" which said Chinese shipyards secured new ...
