All Motorship articles in Web Issue – Page 1070
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News
Aker Yards' profits dive
Second-quarter profits at Aker Yards AS, Europe's biggest shipbuilder, plunged 78% as the company completed fewer cruise ships and vessels to serve the offshore oil and natural-gas industry. Net income fell to $15 million from $40.7 million a year earlier, the Oslo-based company said in a statement to the Oslo ...
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Austal venture chases $2bn naval contact
Austal Ships has teamed with Raytheon Australia to bid for the upcoming Australian Government tender to build two 25,000 tonne 200 metre long amphibious ships, which is due to be issued in early 2005."By combining Austal?s impressive track record of on time, on budget shipbuilding with Raytheon's expertise in electronic ...
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Posco to up thick steel plate production
Posco in South Korea will be increasing production of thick steel plates from 3.3 million tonnes per year to 3.8 million tonnes by 2008 in order to provide sufficient steel supply to Korean shipbuilders which have faced difficulties in securing steel plates. In addition, it will install and operate another ...
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Piracy being reduced in Malacca Straits
Indonesia's naval commander says piracy in the Malacca Straits has decreased as a result of three-nation patrols which began in the waterway last month. In his report, Vice Admiral Didik Herupurnomo said the attacks are down from an average of nine a month to four. The joint patrols involve the ...
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BAE refuses to give long-term commitment
The shock announcement comes amid fears that BAE's yards at Scotstoun and Govan could be sold off as the result of a row with defence chiefs. The call was made as VIPs gathered at Govan for a steel cutting ceremony to mark the beginning of construction of a Type 45 ...
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ATC says LRAD business growing.
American Technology Corporation (ATC) has issued a report on recent developments regarding its growing LRAD business. LRAD is a breakthrough long-range hailing and warning, directed acoustic device designed to communicate with authority and exceptionally high intelligibility. From either a static or mobile location, LRAD can transmit a verbal challenge with ...
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KMY to build DAS Arctic boxship
MMC Norilsk Nickel in Russia and Kvaerner Masa-Yards, part of Aker Yards, have signed a newbuilding contract for one 14.500DWT arctic container vessel for operation in the Northern sea route of Russia. "Norilsk Nickel is in the process of improving its transportation logistics to secure on-time and cost efficient transportation ...
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ThyssenKrupp, HDW to hold on to all shipyards
ThyssenKrupp AG said all shipyard sites would be kept as part of its merger with One Equity Partners (OEP) unit Howaldtswerke-Deutsche Werft AG (HDW), which is expected to be contractually sealed by the end of September, and finally completed by the end of December.'Under the new structure all existing locations ...
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K Line inks agreement for new LNG carrier
Kawasaki Kisen Kaisha (K Line) has executed a shipbuilding contract with Kawasaki Shipbuilding Corporation for a 145,000m3 LNG carrier scheduled for delivery in 4th quarter of 2007. The company has also signed a time charter agreement for a period up to 10 years with the Swiss company J&S Cheniere S.A.. ...
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TEN orders versatile Aframax
Tsakos Energy Navigation (TEN) has ordered one Aframax double-hulled tanker, with a carrying capacity of 105,000 dwt. The vessel, featuring a new design that will provide customers with new options for moving cargoes in the Aframax class, will be built by Sumitomo in Japan, and is scheduled for delivery in ...
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Keel-laying for Fairmount?s super tugs
A keel-laying ceremony took place at Niigata Shipbuilders, Japan, on August 20 for Fairmount Sherpa and Fairmount Summit, two large tugs ordered by Rotterdam-based towage and heavy transportation specialists Fairmount Marine.The two anchorhandling/salvage/long distance towing vessels ordered by Fairmount are the most powerful tugs built under the Dutch flag. Fairmount ...
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Finnish/Swedish consortium orders Panamax pair
Concordia Maritime signed an agreement to participate on a 50/50 basis in a consortium, which will own two Panamax product tankers built to Finnish/Swedish ice class 1A specifications and ordered by Concordia Maritime.A 10-year time-charter agreement has been signed with the Finnish energy group Fortum. The vessels, which will be ...
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MAN B&W to power Gotland fast ferry
MAN B&W Diesel has received an order to supply 4 x 20RK280 engines to Italian ship builder Fincantieri. The Italian company has secured a contract to build a 122 metre monohull fast ferry at its Riva Trigoso facility east of Genoa. The vessel has been ordered by the largest Swedish ...
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HMM orders Panamax boxship trio
Hyundai Merchant Marine (HMM) has ordered three 4,700TEU container ships from Hyundai Heavy Industries at a total cost of $200million. Ship particulars are 294.1m long, 32.2m wide, a depth of 21.8m, speed of 25.2 knots and deliveries scheduled for April to September 2007.
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News
Schat-Harding expands into Asian market
Lifeboat and davit specialist Schat-Harding has taken over the Chinese Beiyang Boatbuilding Company lifeboat manufacturing range and plant as part of a strategy to expand its market share in cargo ships built in Asian yards. The lifeboat factory, at Qingdao, currently produces a range of five models and 100 boats ...
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Aker's EBITA on course
Aker Yards ASA reported an EBITA (Earnings Before Interest, Taxes and Depreciation) of NOK 148 million in the second quarter, which corresponds to an EBITA-margin of 4.5%. The margin so far this year is 5.2% and operations are developing according to plan, and the guidance for this year is maintained. ...
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MES achieves record
Mitsui Engineering and Shipbuilding (MES) in Japan reports that its accumulated diesel engine production has reached 45 million bhp (33 million kW) and is the first engine manufacturer in the world to achieve this output. The engine marking this occasion is a MAN B&W 7S50MC Mark6, which will be installed ...
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NYK to transport Nigerian LNG
NYK has concluded a long-term charter agreement for two 149,600 cubic metre membrane type LNG carriers with Nigeria LNG Limited and a shipbuilding contract for the new gas carriers with Samsung Heavy Industries. This is the first move for the NYK's LNG Group to conduct business in Nigeria. Moreover, NYK ...
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HAL installs net cutter system
Holland America Line (HAL) has installed Spurs Marine?s line and net cutter system on both cp propellers of its cruise ship Volendam. This follows a similar installation on the sister vessel Veendam in May, this year. HAL has told Spurs Marine that it intends to install the cutter system on ...
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LNG bonanza for Korean shipbuilders
A number of South Korean shipbuilders are currently holding discussions with ExxonMobil on a multi-billion dollar deal to build liquefied natural gas (LNG) carriers for the global energy giant. Exxon has been looking for suppliers of 28 LNG carriers worth $4billion over the next three years. Hyundai Heavy Industries, the ...
