All Motorship articles in Web Issue – Page 1075
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News
Babcock shipyard announces redundancies
Babcock International has made cuts in its workforce at its Rosyth dockyard in Fife, Scotland, as part of a company shake-up. The news came as a surprise since only four days ago the Ministry of Defence has awarded the troubled yard a multi-million pound order to refit three Royal Navy ...
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Aker Yards to build PSV for DOF ASA
Aker Brattvaag, a company in the Aker Yards Group, has been awarded a contract worth approximately NOK 200 million by DOF ASA to build a Platform Supply Vessel (PSV) of the MT 6000 type. The vessel is scheduled for delivery in the summer of 2005. "Aker Yards is pleased to ...
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Daewoo confirms KOTC order
Daewoo Shipbuilding confirms that it received the letter of intent from Kuwait Oil Tanker Company (KOTC) for building three product carriers and the contract will be signed in August. Hyundai Heavy Industries said that it is in negotiations for two VLCCs and two LPG carriers with the same owner. However, ...
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Gaz de France and NYK confirm LNG order
NYK and NYK Armateur, a subsidiary of Gaz de France (GdF), have signed a contract with Chantiers de l?Atlantique for the construction of a 153,500 cubic metre LNG carrier. This vessel will be jointly owned by NYK (60%) and NYK Armateur (40%) and will be chartered to GdF for 20 ...
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P&I CLUB HOSTS INDIAN LOSS PREVENTION SEMINAR
D. T. Joseph, shipping secretary of the Indian government, and P. K. Srivastava, chairman and managing director of the Shipping Corporation of India - owner of almost 40% of India's shipping tonnage, both addressed a major Indian seminar on maritime loss prevention in Mumbai earlier this week. The event was ...
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SembCorp Marine to buy into Cosco Shipyard
The Singapore ship repair and shipbuilding company, SembCorp Marine, is paying $28.5 million for a 30% stake in Cosco Shipyard Group (CSG), China's largest ship repair company with yards in Dalian, Nandong and Guangzhou. The investment will be funded from SembCorp Marine's own internal resources.SembCorp is also transferring its 20% ...
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BC Ferries will order overseas
BC Ferries in Canada claims domestic shipyards are not capable of building new vessels for its fleet. In a departure from past practice, the ferry company plans to award a contract worth $500 million to a shipyard in either Finland or Germany. The newbuilding order will consist of two super ...
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Argentina to repair PDVSA tankers
Venezuela will send two oil tankers to an Argentine shipyard for maintenance this year under a new bilateral energy cooperation pact. This announcement was made by Ali Rodriguez, president of Petroleos de Venezuela S.A (PDVSA), Venezuela's state oil company. The first tanker will be sent to Argentina's Rio Santiago shipyard ...
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LR Asia wins largest order yet in China
Lloyd?s Register Asia has signed a contract with Dalian New Shipbuilding Heavy Industry (DNS) for its single biggest order in China to date comprising of 17 ships (seven VLCCs and 10 container ships), representing a total of over 1,500,000 gt. The contract was signed by Richard Hu, Director of the ...
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Hyundai and Daewoo poised to win Kuwaiti order
Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering are in line to win as many as seven tanker orders from Kuwait, which plans to spend more than $525 million to renew its fleet. Kuwait Oil Tankers (KOT), a subsidiary of state-owned Kuwait Petroleum, is currently negotiating with Daewoo and ...
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Kvaerner Philadelphia ready to christen ship number two
Kvaerner Philadelphia Shipyard (KPS) will be christening its second newbuilding later this week. The boxship is being built for Matson Navigation and will be named Maunawili, which means ?winding mountain?. Last summer, KPS delivered the first container ship in the series, Manukai, which is operating on the company?s route between ...
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Technology gap between Korea, China and Japan shrinking
The Korea Development Bank has disclosed that the current technical level of China falls behind that of Korea by 3.8 years and that of Japan is ahead that of Korea by 2.2 years. These results were derived from a questionnaire survey of 497 major industrial clients of the state bank. ...
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HHI to hike basic wage
Management and labour union at Hyundai Heavy Industries tentatively agreed a wage hike and other working condition, the shipbuilder announced today. Both sides agreed to increase basic wage of W 83,000, a 200% bonus per year, and W 1 million allocated for productivity increases. Management of HHI will also ensure ...
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Cosco orders another pair of VLCCs
China Ocean Shipping (Cosco) has ordered two more VLCC tankers to be delivered by 2007 in order to cope with China?s soaring oil imports. The VLCCs, each with a carrying capability of about two million barrels, will be built by Universal Shipbuilding in Japan. Cosco will own 15 VLCCs by ...
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Daihatsu launches DC-32
Daihatsu has launched the DC-32, a new medium speed engine, with a strong environmental bias based on improved fuel efficiency and lower emissions levels. The new engine was developed around the same design concept as its smaller predecessor, the DC-17 engine, which was introduced in October 2001, and distinguished by ...
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More than half of Philippines? ports ISPS compliant
At least 60% of ports in the Philippines currently handling various international vessels have properly complied with the international ship and port facility security (ISPS) code which was enforced beginning last July 1. According to Sheryl Santos, policy officer of the Department of Trade and Industry?s Export Development Council (EDC), ...
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Malacca patrol pact close to being signed
Top military commanders of Indonesia, Singapore and Malaysia are scheduled to meet on July 20 in Batam, Indonesia, to sign an agreement on security patrols in the Strait of Malacca. Under the agreement, the three neighbouring countries would take turns carrying out year-round naval patrols in the strait to combat ...
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Spill-free year in Alaska
For the first time since oil began flowing down the transalaska pipeline in 1977, tankers carrying the crude to refineries in the continental United States went a full year without spilling any into the water. Officials cited better regulation, vigilance and equipment in Prince William Sound, site of the nation's ...
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FASC signs collaboration agreement with Mitsui
First American Scientific Corp. (FASC) has signed an agreement with Mitsui Engineering and Shipbuilding (MES). The Japanese shipbuilder will conduct a feasibility study into the marketability of the KDS Micronex System in Japan and evaluate the opportunity of venturing into a licensing agreement to introduce the technology to the Japanese ...
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Cape Africa in Cape Town for repairs
The holed bulk carrier Cape Africa was towed into Cape Town harbour yesterday to be berthed at the repair quay. This follows the completion of the bulk carrier?s cargo lightening operation with the specialised lightening vessel Bandar en route to Saldanha Bay to discharge its final load of iron ore ...
