Motorship News – Page 848
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Croatia may close shipyards
One or more of Croatia's five ailing shipyards might have to close as part of European Union membership preparations, Economy Minister Damir Polancec admitted for the first time. He said that one or some of the shipyards will have to convert into a different business, produce something completely different, not ...
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ABG plans to build sub-sea vessels
In a move that will add to its offshore vessel building expertise and give it an edge over competition, ABG Shipyard, India?s largest private sector shipyard, is looking at building sub-sea vessels, which can be employed underwater for exploration and production (E&P) activities.The shipyard is currently in talks with a ...
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DryShips exercises drill ship options
Greek dry-bulk carrier DryShips Inc has exercised its option to acquire two ultra deep water drill ships with expected delivered cost of about $800 million per unit. The drill ships are to be constructed by Samsung Heavy Industries and are expected to be delivered in the third quarter of 2011.Early ...
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World's biggest gantry crane christened
Yantai Raffles Shipyard Limited (YRS) , the largest builder of semi-submersible drilling rigs in China, has reached a new milestone with the christening of the world?s first fixed dual-beam gantry crane with an enormous lifting capacity at 20,000 tonnes. The new state-of-the-art facility at the Yantai shipyard is named ?Taisun?, ...
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Bangladesh gearing up for big time shipbuilding
Shipbuilding industry in Bangladesh gets a huge boost as two of the country's biggest conglomerates announced their entry into the booming sector. Meghna Group, the commodity to power conglomerate, and Rangs, the real estate to sea-fish giant, said they are going into ocean-going ship-building industry amid boom in orders from ...
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Russia to build tankers for Panama
Russia's Krasnoye Sormovo shipyard based in Nizhny Novgorod on the Volga River (MNP Group) has received an order for three 5,600 DWT tankers from the Panamanian shipping company Argo Shipping International. The shipyard will deliver the first tanker by late 2009, the second tanker in the summer of 2010 and ...
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Evergreen cancels China shipyard JV
Taiwan's Evergreen Marine chairman Arnold Wang has confirmed that his company has pulled out of a joint venture with the Chinese government to build a shipyard at Quanzhou in Fujian province. The investment in the project, announced last August, had been cancelled for commercial reasons. The proposed yard, with a ...
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Napoli incident deemed not a major industry problem
The investigation into the loss of the 4,419 TEU container ship ?MSC Napoli?, which suffered a catastrophic fracture in her hull on 18 January 2007 and had to be beached in Branscombe Bay on the South west coast of England, has identified a number of factors which contributed to the ...
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PDVSA takes over local shipyard
Petroleos de Venezuela SA (PDVSA), the state energy company, took over the government-owned shipbuilder Diques y Astilleros Nacionales CA as part of a plan for Venezuela to build its own oil tankers and offshore rigs. The shipbuilder, which was previously under control of Venezuela's defense ministry, was transferred to the ...
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GOGL declares Kamsarmax options
Golden Ocean Group Limited (GOGL) has declared the options to purchase two Kamsarmax vessels at Zhoushan Jinhaiwan Shipyard (Jinhaiwan) in China. The 80,000 DWT vessels will be delivered during 2011 and are ?sister vessels? of the series ordered in October 2007. The delivered cost for the vessels is estimated to ...
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Aker delivers Viking XPRS
Aker Yards recently delivered a 34,000 gt fast passenger-car ferry named 'Viking XPRS' for Viking Line at a cost of EUR 130 million. The Turku yard built the steel sections which were shipped to Helsinki for assembly and outfitting. The environmentally friendly fast ferry designed to carry passengers and cars ...
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Goldman Sachs to manage Daewoo sale
The state-run Korea Development Bank (KDB) said that Goldman Sachs was chosen to manage the sale of Daewoo Shipbuilding & Marine Engineering, the world's third-largest shipbuilder. The KDB and state-run Korea Asset Management Corp., which hold a combined 50.37% of the shipyard, are seeking to sell their stakes in the ...
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Keel laying at Aker Yards
The keel of a big cruise ferry was laid in Aker Yards, Rauma on 22 April, 2008. The vessel, built under working name ?Cruise 5?will be delivered to Tallink in spring 2009.The vessel worth approx. 180 million euro means 1,700 man years of work for the yard.The newbuilding will be ...
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Austal secures order for fast patrol craft
Following the recent completion of Australia?s 14-vessel Armidale class patrol boat fleet, Austal has won a contract to build six 30 metre aluminium fast patrol craft for the Government of the Republic of Trinidad and Tobago. This significant order includes additional contracts for scheduled & unscheduled maintenance and crew training ...
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Concerns over falling shipbuilding standards
Executives from leading shipping companies, class societies and shipyards are alarmed by falling construction standards in the rush to meet a record demand for new ships. "We have to do something now before it is too late," said George Sarris, managing director of Enterprises Shipping & Trading, manager of one ...
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Jascon 25 undergoes outfitting in Singapore
Sea Trucks' new pipelay/hook-up vessel ?Jascon 25? is undergoing final construction at Kim Heng Marine's shipyard in Singapore. The yard is contracted to build the deck of the pipelayer, while the hull was completed by Nantong Tongde shipyard in China. Jascon 25 is now expected to be delivered to Sea ...
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Ezra takes delivery of Lewek Trogon
Singapore-based Ezra Holdings has taken delivery of an 18,000 bhp anchor handling tug supply (AHTS) vessel ?Lewek Trogon? from Drydocks World Singapore. The newbuild AHTS is equipped with Rolls Royce engines and dynamic positioning capabilities. Construction on the vessel took place at the previous Pan-United shipyard which was acquired by ...
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Canadian warships to get upgrades on both coasts
Two multi-year contracts, worth $760 million in total, to upgrade Canada?s 12 Halifax-class frigates are expected to be announced today at Victoria and Halifax shipyards.Victoria Shipyards, owned by Washington Marine Group, will be refitting Canada?s five west coast-based frigates, and Irving Shipbuilding Inc?s Halifax shipyard will work on the seven ...
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Labour costs rising in Korean yards
Employees at Korea's top three shipbuilding companies receive an annual salary of almost 70 million won according to recent data. Annual salary for workers at Samsung Heavy Industries, Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering went up by an average of 20% from last year, set to exceed ...
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Hyundai to build Korean-designed LNG carrier
Min Keh-sik, vice chairman of Hyundai Heavy Industries, recently said that Russia plans to purchase an LNG ship built with Korean design technology. Although Korea dominates global LNG carrier orders, it has been dependent on foreign companies that own the core technology for the containment systems for LNG. Korean shipbuilders ...
