All Motorship articles in Web Issue – Page 1002
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News
Exports of Malaysian vessels booming
Exports of ships, boats (including hovercrafts) and floating structures in 2005 (January-November) recorded an increase of 66% to $565 million compared with the corresponding period in 2004. During the same period, the government approved five new shipyard projects with investments totalling $26 million. All of these projects were Malaysian-owned and ...
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STX Pan Ocean aims big
STX Pan Ocean Co. aims to reach sales of $1 billion in tanker operations by 2010 as its first two petrochemical product carriers built by affiliated STX Shipbuilding recently entered service. The new 46,000 DWT vessels were named STX Ace 1 and 2.The shipping company plans to get three more ...
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Gard warns about container losses
A large container vessel insured with Gard has recently experienced a serious loss of containers. Whilst investigating the incident they learned of similar events with several other new, large vessels covered by other P&I clubs. One of the common factors of all these incidents seems to be that the vessels ...
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CMA CGM orders 4,300TEU quartet
CMA CGM of France placed a new order of four 4,300TEU container ships with Hanjin Heavy Industries at a total price of $250million. The first unit will be delivered in the second half of 2008. The four ships will be built at Hanjin?s new shipbuilding facility in Subic, Philippines.
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Qatar JV in gas venture
Qatar Gas Transport Company and Qatar Shipping will use a joint venture company to own and operate four LNG vessels. The ships are being built by Hyundai Heavy Industries at a cost of $88.5m each. They will be delivered between 2008 and 2014.
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IMO introduces tougher rules on dumping waste at sea
A significant milestone for the protection of the marine environment will be reached on 24 March 2006 with the entry into force of the 1996 Protocol to the Convention on the Prevention of Marine Pollution by Dumping of Wastes and Other Matter, 1972, following its recent ratification by Mexico, the ...
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Montanari declares options
The Italian shipowner, Navigazione Montanari S.p.A., declared the option for the construction of two more 37,000 DWT product/chemical tankers for a total investment of ?81 million. The option was provided by a contract signed on the 20th January 2006 with South Korean shipyard Hyundai Mipo Dockyard Ltd which is already ...
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Ferguson faces renewed fears over job cuts.
The Glasgow-based shipbuilder Ferguson is once again waiting to hear if the Scottish Executive will give it work and keep the yard going. Ferguson's 118-strong workforce hopes to learn next week if the government will place an order to build a vessel for the Scottish Fisheries Protection Agency (SFPA). The ...
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Vinashin wins domestic and foreign contracts
The Viet Nam Shipbuilding Industry Corporation (Vinashin) recently inked 18 contracts with both domestic and foreign partners. The contracts, signed within the framework of the 3rd International Exhibition on Shipbuilding, Marine Technology and Transportation, held in Ha Noi, include deals to supply three 8,700 DWT ships to Japan and ten ...
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EU probes German shipyard aid
The European Commission has launched an investigation into proposed government subsidies of euro5.8 million ($6.9 million) to two German shipyards to ensure it complies with EU rules on state aids. The probe concerns aid to the Rolandwerft and Volkswerft Stralsund yards.
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Rimorchiatori orders AHTS
The Genoa-based tug company, Rimorchiatori Riuniti, has ordered a AHTS vessel from Fincantieri for delivery in December 2007. The 3,000 DWT vessel is of a MOSS 424 design and will have a length of 75.65 m and a breadth moulded of 16.90 m. The contract includes an option for a ...
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Vela orders six VLCCs
Vela International Marine Limited, a wholly owned subsidiary of Saudi Aramco, signed a contract with Daewoo Shipbuilding & Marine Engineering (DSME) to build six VLCCs at its Okpo yard in South Korea. The ships will be built to Vela's high specifications and standards, including state-of-the-industry, high-technology systems and fittings. Each ...
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LNG for Petronet
A consortium of MOL, Nippon Yusen Kabushiki Kaisha, Kawasaki Kisen Kaisha, Ltd. and Shipping Corporation of India (SCI) signed an agreement with New Delhi-based Petronet LNG Limited (PLL) for a long-term time charter of a new LNG carrier. At the same time, the consortium concluded an agreement with Samsung Heavy ...
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Post-Katrina labour shortages cripple Gulf shipbuilders
Last November, Bollinger Shipyards did something completely out of character. The shipbuilder backed out of a $700 million contract it had worked for years to land and passed on another worth $150 million because high wages and scarce employees threatened the company's ability to make a profit. The move was ...
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News
Aker signs Island Offshore job
Aker Yards has signed a contract with Island Offshore VIII KS, a company within the Island Offshore Group in Ulsteinvik, Norway, to deliver a 3,500 DWT UT 755 LN platform supply vessel. The value of the contract is approximately NOK 150 million. This is the 17th contract between the shipowner, ...
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Works starts on southern Viet Nam's largest shipyard
Construction of the largest shipyard in southern Viet Nam began in Nhan Trach district, southern Dong Nai province. Vinashin will be investing nearly 600 billion VND ($38 million) in building this facility which will be capable of building and repairing container ships, oil and gas tankers and military ships of ...
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MOMAF plans icebreaker
Ministry of Maritime Affairs and Fisheries (MOMAF) in South Korea is selecting a shipbuilder to construct a 6,950 tonne ice breaking research vessel for the Antarctic. Delivery of the $102 million vessel is planned for 2009 and will have a 1 metre ice capability at 4 knots.
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Papenburg yard gets second Challenger
The American cruise operator Celebrity Cruises, an affiliated company of Royal Caribbean Cruises Ltd., has ordered another large cruise vessel from Meyer Werft in Papenburg, Germany. The contract for the construction of a second ship follows an order for the first 118,000 gt post-Panamax Challenger class ship which was placed ...
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Asian shipbuilders in order frenzy
Daewoo Shipbuilding won six VLCCs from Vela with delivery of 2009. Shina Shipbuilding won four 41,000DWT product carriers from Ocean Tanker in Singapore. IHI MU in Japan won a new order of a 300,000DWT VLCC from NYK. NACKS in China snapped up two 75,000DWT bulk carriers and Xinhe Shipbuilding won ...
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Seaspan orders feeder duo
Seaspan Corporation based in Vancouver has agreed to purchase two new building vessels from affiliates of Conti Holding GmbH & Co. KG ("Conti") of Germany. This acquisition is incremental to Seaspan's original contracted fleet, and will increase the company's total fleet to 25 vessels. Seaspan will acquire the two 3,500 ...
