All Motorship articles in Web Issue – Page 1054
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News
Volvo Penta expands plant in China
Volvo Penta is expanding its Chinese engine plant, resulting in an increase in production capacity to about 10,000 engines annually. The plant, located in Wuxi, about 100 kilometers west of Shanghai, is jointly owned by Volvo Penta and its Chinese partner, Wuxi Diesel Engine Works.Inaugurated in the beginning of 2000, ...
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Mipo gets German bounty
Hyundai Mipo Dockyard in South Korea has secured an order for six 1,800TEU container ships from Reederei Claus-Peter Offen in Germany at a price of $235.5 million. The new order attaches 14 more options bringing the total contract value to about $800 million. The first ship will be delivered in ...
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Aker Yards confirms ferry contract
With reference to a letter of intent announced on 29 December 2004, Aker Yards has now received confirmation from Fjord1 in the form of a firm contract for the building of five gas powered ferries. The contract is worth approximately NOK 1.2 billion and delivery is scheduled for second half ...
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Wärtsilä to acquire DEUTZ marine engine service business
Wärtsilä has acquired the assets of the DEUTZ AG's medium and large marine engine service business for a price of EUR 115 million, including fast moving spare parts stock.The business consists of original spare parts sales, repair and maintenance for DEUTZ medium and large marine diesel engines. This portfolio covers ...
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Wärtsilä joins AARC
Wärtsilä will take part in the newly formed Aker Arctic Technology Inc (AARC) with a 12.5% stake. The company is a subsidiary of Aker Finnyards and commenced operations on 1 January this year. ABB and Aker Kvaerner Engineering and Technology AS are the other owners. AARC will continue the activity ...
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Korean shipbuilders fight steel price hike
The Korean Shipbuilders? Association (KSA) is strongly resisting a hike in steel prices by Japanese steel makers who are attempting to increase the price of steel plates by $100 per tonne from the second quarter this year. Official negotiation will start next week. KSA says that the price per tonne ...
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Schottel success continues
The German propulsion manufacturer, Schottel, with headquarters in Spay/Rhine, remains on course for success by rounding off 2004 with another sales record. The corporate goal of 100 million euro in group sales for the new building and service sectors was achieved (2003: 90 million euro). Exports accounted again for about ...
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Damen to build LSV for Dutch navy
A contract was signed between the Royal Netherlands Navy (RNN) and Damen Shipyards Gorinchem for the design and construction of a Logistic Support Vessel (LSV).Following a tender procedure the initial award took place at the end of 2004 after which the contract was signed early January. The 65 metre long ...
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"K" Line gets two new bulkers
Construction of two new cape-size bulkers ordered by Kawasaki Kisen Kaisha, Ltd. ("K" Line) group was completed in the beginning of January. A 200,000dwt Cape-size bulker named Cape Rosa was delivered from Universal Shipbuilding Corporation's Tsu Shipyard and set sail for Australia. This is the first vessel in a series ...
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India?s shipyards booming
While the big public sector shipyards in India are struggling with low order books, their smaller counterparts in the private sector that are engaged in building smaller vessels are being bolstered by a surge in demand. These private shipyards are getting an increasing flow of orders from foreign companies for ...
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Kvaerner Philadelphia starting work on oil tanker
The Kvaerner Philadelphia Shipyard is beginning work on a fifth ship, an oil tanker, and eventually could build as many as 10 tankers. The vessels would help replace an aging fleet of 42 such tankers that companies currently use to haul oil and chemicals between U.S. ports.Some of the current ...
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Iran plans to build LNG carriers
Iran is planning to undertake the construction of LNG carriers. An official in Sadra Company said, "French technology is employed in the manufacture of the vessels and grounds are paved for manufacturing 300,000 dwt oil tankers as well as 150,000 cubic metre LNG carriers." There would be a requirement for ...
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Crisis over for Norwegian shipbuilders
The crisis in the Norwegian shipbuilding industry is apparently over although some of the smaller yards still face grave problems. In 2004 Norwegian yards received orders worth altogether $1.9 billion. This follows a relatively lean four years where newbuilding orders were scarce and many yards faced hardship. The main reasons ...
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Iran needs LNG tankers for Indian contract
In order to export its LNG to India, Iran will require more than eight tankers, an official in National Iranian Oil Tanker Co. (NIOTC) said. "Although, detailed studies have not been carried out yet in this regard, India has expressed its readiness to participate in the manufacture of the ships", ...
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Volvo technology revolutionizes boat life
Volvo Penta has launched its new propulsion system for boats, the Volvo Penta IPS (Inboard Performance System). The new system is claimed to dramatically improve speed while also being quieter, cleaner and extremely maneuverable.The new system, which resembles azimuthing propulsors, features propellers that are turned in the direction in which ...
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Mipo provides support to KPSI
Hyundai Mipo Dockyard and Kvaerner Philadelphia Shipyard Inc in the US have signed a shipbuilding technology support agreement under which MIPO will provide ship design of 12 product carriers, shipbuilding technology and supply of marine equipment to KPSI at the price of $26.92 million. The contract will be valid from ...
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Post-Panamax trio ordered by Hapag-Lloyd
Hapag-Lloyd has ordered three 100,000 DWT post-Panamax containerships from South Korean shipbuilder Hyundai Heavy Industries. The 8,600TEU vessels will have a length of 335m, a width of 43m and the lead-ship will be delivered at the end of 2007 with the remaining two in 2008. Newbuildings must be ordered well ...
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Mega fleet expansion for Japanese shipping
Japanese shipping companies plan to invest over $34 billion to increase their fleets by 630 vessels in the next five years. The vessels to be acquired in the fleet expansion programmes that will end by 2010 will be mostly LNG tankers.Sources close to the Japanese shipping industry disclosed that the ...
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Boxship quartet for Daesun
Daesun Shipbuilding in South Korea has secured a contract for four 1,043TEU container ships from an undisclosed ship owner. Total contract price is $ 76.8 million and delivery is scheduled between 2007 and April 2008. Hyundai Mipo Dockyard won an order from Japanese shipping company Orix for a 2,824TEU container ...
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CSSC targets 4m DWT new orders
China State Shipbuilding Corporation (CSSC) aims to win newbuilding orders for 4 million DWT and deliver 4.36 million DWT this year. In 2004, CSSC delivered 3.57 million DWT, up 64.5% on 2003, of which 73.8% were for export. Last year CSSC won new orders totalling 4.6 million DWT valued at ...
