All Motorship articles in Web Issue – Page 1059
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News
DSME profit fall
Daewoo Shipbuilding and Marine Engineering (DSME) has reported a 75.5% fall in operating profits to 27 billion won in the third quarter of the year. DSME marked 1.14 trillion won in turnover in the quarter, up 7.9% from a year ago, while ordinary profits plunged 66.8% to 56.6 billion won ...
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IMDG code warning
TT Club, the transport insurance mutual association, has expressed concern at an apparently widespread lack of awareness of changes in the legal status of the IMO?s International Maritime Dangerous Goods Code (IMDG Code) and its implications. The Club has recently hosted a number of awareness seminars on the Code for ...
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New automatic viscosity control system
Alfa Laval has introduced its new fully automated Viscochief MKII designed to provide the right viscosity at all times. That translates into optimal engine performance, reliable operation and the opportunity to avoid unnecessary wear on vital engine parts.Delivering fuel oil to the engine at the right viscosity is essential to ...
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Austal launches SeaCoaster
Austal USA has launched a high speed catamaran with advanced hull form technology for the United States Office of Naval Research (ONR). The 31.2 metre vessel was built for American Marine Holdings, which has been awarded a contract to deliver and demonstrate its "AMH SeaCoaster" military vessel design to the ...
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LNG lifeline for Izar
The Spanish government has recently announced that Izar and Gas Natural had struck a deal to build an LNG carrier at La Naval shipyard in Sestao. If the project goes ahead, the shipyard workers will have work for two or three years irrespective of whether or not the European Commission ...
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High steel prices hit shipyards
Hyundai Heavy Industries and STX Shipbuilding reported third-quarter losses as surging steel prices increased production costs. Hyundai?s net loss was $30 million compared to a profit of $3.5 million a year earlier, the company said. STX said its third-quarter loss was $1.6 million, compared to a profit of $17.2 million.South ...
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Star Reefers goes for newbuilds
Star Reefers (SRI) has agreed with a Japanese owner to time-charter two new built reefer vessels each with a capacity of 585,000 cubic feet for a period of 10 years. The vessels will be built at Shikoku yard in Japan and are the first reefer newbuildings to be placed in ...
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EU plots course for safer ship manoeuvres
An international research project, part funded by the EU's Fifth Framework Programme (FP5), has developed a computerised prediction system that can forewarn cruise ship pilots of the consequences of a particular manoeuvre more accurately than anything currently on the market. The SEA-AHED project (simulation environment and advisory system for on-board ...
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Namibia builds shipyard
Africa Israel Investments is part of a bidding consortium that was selected to build and operate a shipyard in Namibia's Walvis Bay port. The $10 million project will be the holding company's first in Namibia, although Africa Israel's owner, Lev Leviev, has extensive diamond mining operations there. The company said ...
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Ten more for MOL
Mitsui O.S.K. Lines (MOL) has decided to build 10 large car carriers that will be delivered from 2007 to 2009. The new construction plan follows a series of six carriers delivered in 2003 and 12 carriers for delivery between 2004 and 2006. In all, MOL will have a series of ...
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Vinashin gets funding
State-owned Vietnam Shipbuilding Industry Corporation (Vinashin) will receive $76 million in loans from the Fund for Development to build five 53,000 DWT dry bulk carriers. This represents up to 65% of the cost to build the bulkers which are part of a contract for 17 units that Vinashin had signed ...
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End of the road for Cammell Laird?
After months of in-depth research, a team of independent consultants are allegedly to have concluded in a 46 page report that there is no future for commercial ship building at the Cammell Laird shipyard in Birkenhead, UK, and no possibility for commercial ship repairs there.The report was commissioned by Wirral ...
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UASC gets Schiffko onboard for jumbo boxships
SCHIFFKO GmbH, the Hamburg-based ship design and consultancy company, has been awarded the contract for comprehensive consultancy services to UASC, United Arab Shipping Company, for their procurement of 8 new jumbo-size container vessels for their liner service between China and Germany. This consultancy covers the elaboration of tender documents, technical ...
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Clyde yards axe jobs
Over 60 skilled staff at the Scotstoun and Govan yards could be axed before Christmas following a purge affecting engineering draughtsmen, combat systems engineers and programme planners. The move was condemned by union leaders and politicians and has sparked real fears of a skills shortage when building work eventually begins ...
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Korea hits Qatar jackpot
The big three Korean shipbuilders have secured a $3.5 billion order to build 8 LNG carriers which form part of the second phase (Qatar Liquefied Gas II) of a huge gas development project jointly operated by Exxon Mobil and Qatar Petroleum. The order is the largest in the history of ...
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Shipyard gets into shipowning
STX Corporation, the Korean holding company for STX Shipbuilding and diesel engine manufacturer, said it bought 67% of Pan Ocean Shipping, one of the world's 10 largest bulk carrier shipping companies, for $375 million. STX aims to become one of the world's top shipping companies by 2010 by increasing its ...
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Mega-float future potential
Organised by the Japan Ship Centre (JETRO), a seminar presentation is being made on the ?Mega-Float technology and its future potential?. The ?Mega-Float? was born from a Japanese R&D project initiated in the late 1990s to develop an extra-large floating structure that can be used as an artificial land base ...
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Vinashin gets engine technology
Man B&W will transfer technology for the assembly and manufacturing of hydraulic machinery to the Viet Nam Shipbuilding Industry Corporation (Vinashin) to assist in the modernisation of its production lines. The aim is to provide engines for domestic shipyards and for exports in the future. This will also give the ...
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HZ joins post-Panamax club
The Shanghai-based Hudong-Zhonghua Shipbuilding (HZ) facility is the first Chinese yard to win a contract for post-Panamax container ships with a five-ship deal from China Shipping. China's largest domestic built container ships will be capable of carrying 8,530 TEUs and the lead ship is scheduled for delivery in 2007. The ...
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B.C. shipyard wins navy contract
The Canadian government has awarded a $69.7 million contract to Victoria Shipyards Company, a West Coast shipbuilder, to build six vessels to be used for basic naval training and development of junior officers. The new so-called Orca-class vessels will replace the more than 50-year-old wooden-hulled ?Yard Auxiliary General? training vessels, ...
