All Motorship articles in Web Issue – Page 854
-
News
India to reintroduce domestic shipbuilding subsidy
The shipping and finance ministries are set to resolve a 17 month-old dispute over subsidising shipbuilders on confirmed orders that were considered ineligible for a five-year scheme which ended on 14 August 2007. "We are moving towards a resolution now," a shipping ministry official said on condition of anonymity. "The ...
-
News
New ferries planned for Alaska
The Alaska Marine Highway System (AMHS) recently announced a ferry acquisition project which calls for the design and construction of the next generation Alaska-class of ferries to begin replacing ageing ships currently in the AMHS fleet. The new Alaska-class vessels will serve intermediate length routes within sheltered waters. "This is ...
-
News
Rescue package expected for Turkish yards
According to Binali Yildirim, Transport Minister of Turkey, Turkey is expected to finalize a rescue package for the country?s shipbuilding sector by the end of February. As per report the ministry is working on measures to support local companies in the ship construction sector that are hit hard by the ...
-
News
Inevitable consolidation for China's shipbuilders
The China Daily has reported that China?s shipbuilding industry, which last year suffered its steepest annual decline since 2003, is likely to be squeezed further this year by shrinking order books and order cancellations as the global economy remains in recession.The industry, the world?s second largest by capacity, will see ...
-
News
Samsung signs MoU with USC
Samsung Heavy Industries has signed a memorandum of understanding with United Shipbuilding Corporation (USC), a Russian state shipbuilding holding,USC is seeking to modernize Russian shipyards and unite them in three regional groups (west, north and Far East). Main provisions of the MOU include development of new business and promotion of ...
-
News
Korean Shipyards' plight hits won
Korean shipbuilders rank Nos. 1 to 3 in sales but they are also being buffeted by the global economic storm. The plight of Korean shipbuilders has hit Korea hard, an exports-driven country whose currency, the won, has lost a significant portion of its value against other currencies. Korean Shipbuilders used ...
-
News
Greatship Global takes delivery of AHTS
Greatship Global Offshore Services, a Singapore-based subsidiary of The Great Eastern Shipping Company, has taken delivery of the 'Greatship Abha', an 80ton bollard pull anchor handling tug cum supply vessel, from the Colombo Dockyard in Sri Lanka.The 2,000 dwt, 58.40 metre long newbuilding is a DP2, FiFi1 full-service vessel based ...
-
News
Malta orders patrol vessels
Austal has secured its first European defence contract with an order for four 21.2 metre inshore patrol craft - including training and spares support - with the Armed Forces of Malta (AFM).The vessels will be built at Austal?s Australian facilities and are scheduled for delivery by the end of the ...
-
News
Hydrex LLC up and running
Last year Hydrex officially opened its first US office in the Tampa Bay area. Hydrex LLC is prepared to mobilize immediately and is capable of efficiently servicing ships and offshore units calling on ports in Canada, North, Central and South America as well as the Caribbean. Saving significant amounts of ...
-
News
MacGREGOR?s offshore deliveries aided by floating test bed
A purpose-built barge being commissioned by the end of February at MacGREGOR?s offshore equipment manufacturing site in Kristiansand, Norway will enhance the Offshore division?s production and testing capacity MacGREGOR?s Offshore division is expanding its equipment testing capabilities in Kristiansand, Norway, to handle business growth and a large number of active ...
-
News
Evergreen rumoured to order 100 boxships
Unconfirmed reports indicate that Taiwan?s Evergreen Marine has plans to spend $5.5 billion to build 100 container ships before the anticipated recovery of the global economy in 2012. The fleet augmentation will help the world?s fourth largest container shipping line to move to the third slot. In its first major ...
-
News
Croatian shipyard wins tanker order
Loss-making Croatian shipyard 3.Maj has signed a contract for two 51,800 dwt product tankers for $106 million. The state-owned builder will deliver the ships to owner Uljanik Plovidba, also of Croatia, in 2010 and 2011. This makes use of a government scheme whereby the Croatian government subsidises 10% of the ...
-
News
Norway gets first newbuilding contract since November
Fosen Namsos has awarded the first newbuild contract in Norway since November 2008 to Fiskerstrand BLRT. The shipbuilder, which is a subsidiary of the BLRT Grupp, is a joint venture with Fiskerstrand Verft. The contract is for a standard double-ender ferry powered by a gas fuelled propulsion system. The vessel ...
-
News
Eletson enters gas market
The Eletson Corporation enters a new market sector with the delivery of their first ever liquefied petroleum gas (LPG) carrier. Built at Hyundai Mipo Dockyards (HMD) in Korea, the ship marks a milestone for the Greek operator, long recognised by the shipping industry for the ownership and management of tankers ...
-
News
Croatian owner cancels bulk carrier orders
Croatia?s Atlantska Plovidba, the bulk and heavy lift shipping company, has altered several contracts to lower company expenditure during the economic downturn. The Zagreb-listed owner has cancelled two of four Panamax orders for 80,300 dwt vessels from China?s Jiangsu Eastern though two more ships from the contract remain on schedule ...
-
News
STX to sell stakes in STX Europe
It is reported that STX Shipbuilding in South Korea is planning to sell part of its stake in STX Europe in order to recover some of the cost of the takeover. Last year STX Shipbuilding acquired Norwegian group Aker Yards for $1 billion and launched a re-branding process for the ...
-
News
Wadan gets more government help
German shipbuilder Wadan Yards has received further financial assistance, this time a grant from the state of Mecklenburg-West Pomerania to extend the length of the loan it was granted at the end of last year. In December 2008, Wadan secured a Euro 60 million ($774.4 million) bridging loan to save ...
-
News
Tsuneishi ups Cebu output
Japanese shipbuilder Tsuneishi Heavy Industries (Cebu), Inc. will be spending P11 billion to expand its local facilities at its West Cebu Industrial Park in Balamban, Cebu. The expansion, which requires an additional 90 hectares of land, will also employ an estimated 6,000 workers in the area, the company said. With ...
-
News
Bids closed for Malta Shipyards
The Maltese government's Privatisation Unit has received bids for all the 4 units of Malta Shipyards. The call for bids closed on Thursday and, in all, 23 companies had shown interest and collected the documents, down from almost twice the number at the earlier "expressions of interest" stage. There were ...
-
News
Russia places 10 ship order with Hyundai
South Korean trading company Hyundai Corp. said its shipbuilding unit in China won a $120 million order to build 10 vessels for a Russian company. The dry cargo vessels, which will be built by the Hyundai Corp. unit in China's eastern city of Qingdao, will be delivered to Volga Baltic ...
