All Motorship articles in Web Issue – Page 1058
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News
India?s indigenous carrier on the way
The Indian Navy has started construction of a 40,000 tonne displacement indigenous aircraft carrier at an estimated cost of Rs 3,000 crore. "Besides acquiring the 'Gorshkov' aircraft carrier from Russia, the Indian navy has also started construction -- at its Cochin Shipyard -- of a totally indigenous aircraft carrier with ...
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Hyundai buys Chinese yard
Hyundai Corporation, seeking new business, has signed a contract to take over Qingdao Lingshan Ship Engineering (QLSE) in China. The Chinese yard is a medium-size ship builder that mainly constructs vessels between 10,000 and 20,000 tonnes. Hyundai invested $7.4 million in the Chinese shipbuilder to upgrade facilities. In addition, 30 ...
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Teekay spin off LNG fleet and oil tankers
Teekay Shipping, the world's second-largest tanker company, plans to spin off its LNG tankers as a separately listed company, selling shares worth $110 million in an initial public offering. The Marshall Island-based unit, Teekay LNG Partners LP, plans to sell 5.5 million shares at an indicated price of $20 apiece. ...
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Halter gets double ender
VT Halter Marine has signed a $31 million contract to build a double-ended passenger/vehicle ferry for Nantucket Steamship Authority in Massachusetts. The 78.15 metre long ferry is expected to be delivered in 2006 and will replace the 54-year-old ferry Islander which serves the Wood's Hole to Martha's Vineyard route in ...
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Venezuela hints at Izar deal
President Chavez of Venezuela has announced that his country will send some oil tankers to the troubled Izar shipyard. Spanish President Jose Luis Rodriguez Zapatero had been brokering the deal, which could include contracts to build ships for Petroleos de Venezuela (PDVSA).
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Korea and EU claim victory
According to a European diplomat just hours after Seoul had claimed victory in the case, the WTO has ruled against South Korea on the core issue of a dispute over South Korea?s shipbuilding subsidies. "The interim report confirmed some of the arguments submitted by South Korea but the EU prevailed ...
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Wärtsilä to power BP?s LNG carriers
Wärtsilä has received an order from Hyundai Heavy Industries of Korea to supply four sets of Wärtsilä 50DF dual-fuel engines to power a series of 155,000 m3 dual-fuel-electric LNG carriers, with an option on four more sets. The ships were ordered last month by the UK-based BP Shipping and are ...
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Bourbon exercises option
Bourbon Offshore Norway AS has, through the company Bourbon Ships AS, exercised an option to build an ULSTEIN P105 supply vessel at Ulstein Verft AS. The new contract is worth around NOK 220 million. "This is more than just the exercising of an option for us. It is a vote ...
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Bharati in expansion drive
Bharati Shipyard, one of the leading shipbuilder in the private sector in India, aims to achieve 20% of its revenue from the ship-repair business after completion of the current expansion drive. "Though the ship-repair industry is very small in India, the market is shifting towards other Asian countries due to ...
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Aker Yards to outfit ROV Survey / Supply Vessel
Aker Brattvaag, a company in the Aker Yards Group, has signed a contract with Volstad Maritime AS, Alesund, Norway for outfitting of one ROV Survey/Supply vessel at Aker Langsten. The contract is worth approximately NOK 300 million and the newbuilding is scheduled for delivery in June 2005 and the work ...
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ABS calls for re-evaluation of class responsibilities
Calling the pending adoption of new IACS common rules for tankers and bulk carriers "the most fundamental change in the structure of the classification sector in its history," ABS chairman and ceo, Robert D. Somerville, has called for a meeting of all the principal parties involved - class, shipbuilders, shipowners ...
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First C20 fitted to MAN B&W engine
Hyundai Heavy Industries Engine and Machinery Division (HHI EMD), withco-operation from Kongsberg Maritime, has completed the 'shop test' of its first Man B&W ME engine with the first ever installed AutoChief C20. Sovcomflot, owners of the vessel the engine will be used on, selected the C20 propulsion control for this ...
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Aker Yards scoop more orders
Two Norwegian yards in the Aker Yards group have clinched orders for offshore vessels. The first contract involves Aker Promar which has been awarded a contract worth approximately $45 million by NorSkan Offshore Ltda., Brazil, to build an anchor handling tug supply (AHTS) vessel. The newbuilding will have the designation ...
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NLNG takes delivery of number ten
Bonny Gas Transport Limited (BGT), a subsidiary of Nigeria Liquefied Natural Gas (NLNG), has taken delivery of its 10th vessel. Named LNG Akwa Ibom,,the newbuilding is the first of four vessels ordered by BGT for NLNG's trains 4 and 5, which is called NLNG Plus, and was built by Hyundai ...
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SA christens environmental vessel
South Africa recently christened the first of four new environmental protection vessels, the Lilian Ngoyi, in Cape Town harbour. The ceremony took place on board the 47-metre patrol ship which was built in Table Bay by South African shipbuilders Farocean Marine. The shipbuilder is also set to complete two sister ...
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AMFELS renamed
With the goal of strengthening its presence in the Gulf of Mexico, AMFELS was renamed on Monday to Keppel AmFELS, an action that officials hope will allow the company to participate more actively in the region."Our vision is to be a provider of choice and a partner in solutions to ...
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ABS joins SIGTTO
ABS has become the first classification society accepted into membership to the Society of International Gas Tanker & Terminal Operators (SIGTTO). A not-for-profit international organization established in 1979, SIGTTO?s mission is to enhance the safety and operational reliability of gas tankers and terminals. With the global market for liquefied natural ...
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LNG newbuilding for Sakhalin
Mitsui O.S.K. Lines (MOL), Kawasaki Kisen Kaisha ("K" LINE), and Primorsk Shipping Corporation (PRISCO) concluded a 20-year charter contract for a newly built LNG carrier with Sakhalin Energy Investment Company. Sakhalin Energy is a joint venture of Shell with a 55% share, Mitsui 25% and Mitsubishi Corporation 20%. At the ...
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Sonatrach exercises LNG option
A newly established joint venture among MOL, ITOCHU Corporation, Algerian state oil company Sonatrach and its wholly owned shipping company Hyproc Shipping Company has exercised its option to order a second LNG carrier from Universal Shipbuilding Corporation. Each of the partners holds a 25% share in the joint venture and ...
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ECDIS training
With the threat of ECDIS becoming a mandatory fit on SOLAS vessels and probably the next major purchase for shipowners retrofitting equipment on the bridge, Lilley & Gillie, the UK-based manufacturer of navigational instruments and nautical equipment, has come up with a low cost solution for shipowners to solve the ...
