Latest News – Page 1000
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Aker concludes employee negotiations in Finland
Since the beginning of 2005 Finland's three largest shipyards in Helsinki, Rauma and Turku have been working as one company, the new Aker Finnyards. As part of the restructuring plans, negotiations were started in November last year with employee representatives to improve the productivity of the yards. The formal negotiations ...
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Ulstein gets P101 contract
Ulstein Verft has signed a contract with Island Offshore XI KS to build a large ULSTEIN P101 multifunctional platform supply vessel, designed by Ulstein Design AS. The contract is worth around $46 million. It will be the first vessel to be built to this design, making it the 12th in ...
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US order for ME-C engines
US shipowner Overseas Shipholding Group (OSG) has ordered eight MAN B&W ME engines as the main propulsion plant for four 216,000 cubic metre LNG carriers recently ordered from Korean yards Hyundai and Samsung. Each yard will deliver two vessels for the Rasgas II project for shipping Qatari gas to the ...
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Samho wins PCTC quartet
UKOR Car Carriers (EUKOR) placed an order with Korean shipbuilder HyundaiHeavy Industries (HHI) for four pure car and truck carriers (PCTCs). The vessels will bebuilt at the Hyundai Samho Heavy Industries Shipyard in Mokpo and deliveries are scheduled for the first half of 2008. This order is an option ...
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Wärtsilä thruster plant for China
Wärtsilä is developing its propulsion business and is setting up a wholly owned, state-of-the-art factory for ?transverse thrusters? in Wuxi, located approximately 100 km west of Shanghai, China. The name of the company is Wärtsilä Propulsion (Wuxi) Co. Ltd and production will start in mid 2005.The company will produce LIPS ...
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FAR places AHT contracts
Farstad Supply AS, a wholly-owned subsidiary of Farstad Shipping ASA, has reached an agreement with Brevik Construction AS, a subsidiary of Aker Brevik, for the building of an anchor handling tug supply vessel for delivery in April 2006. The vessel is of design UT 712L from Rolls-Royce Marine, which also ...
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Volvo Penta expands plant in China
Volvo Penta is expanding its Chinese engine plant, resulting in an increase in production capacity to about 10,000 engines annually. The plant, located in Wuxi, about 100 kilometers west of Shanghai, is jointly owned by Volvo Penta and its Chinese partner, Wuxi Diesel Engine Works.Inaugurated in the beginning of 2000, ...
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Wärtsilä to acquire DEUTZ marine engine service business
Wärtsilä has acquired the assets of the DEUTZ AG's medium and large marine engine service business for a price of EUR 115 million, including fast moving spare parts stock.The business consists of original spare parts sales, repair and maintenance for DEUTZ medium and large marine diesel engines. This portfolio covers ...
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Wärtsilä joins AARC
Wärtsilä will take part in the newly formed Aker Arctic Technology Inc (AARC) with a 12.5% stake. The company is a subsidiary of Aker Finnyards and commenced operations on 1 January this year. ABB and Aker Kvaerner Engineering and Technology AS are the other owners. AARC will continue the activity ...
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Mipo gets German bounty
Hyundai Mipo Dockyard in South Korea has secured an order for six 1,800TEU container ships from Reederei Claus-Peter Offen in Germany at a price of $235.5 million. The new order attaches 14 more options bringing the total contract value to about $800 million. The first ship will be delivered in ...
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Daewoo develops LNG-RV
Daewoo Shipbuilding & Marine Engineering (DSME) in Korea has developed a liquefied natural gas- regasification vessel (LNG-RV) for the first time in the world. The LNG-RV supplies regasified LNG directly into the distribution network without using storage facilities on land or huge tanks, which is convenient for meeting small-size demands.
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Hamworthy wins Chinese orders
Hamworthy has won orders worth $5.2 million for cargo pump room systems to be installed on eight ships being built by Dalian Shipyard in China. Hamworthy cargo pump room systems have been specified for three 74,000 dwt oil tankers for Cosco Dalian, and five 75,000 dwt products tankers for a ...
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Aker Yards confirms ferry contract
With reference to a letter of intent announced on 29 December 2004, Aker Yards has now received confirmation from Fjord1 in the form of a firm contract for the building of five gas powered ferries. The contract is worth approximately NOK 1.2 billion and delivery is scheduled for second half ...
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Schottel success continues
The German propulsion manufacturer, Schottel, with headquarters in Spay/Rhine, remains on course for success by rounding off 2004 with another sales record. The corporate goal of 100 million euro in group sales for the new building and service sectors was achieved (2003: 90 million euro). Exports accounted again for about ...
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Korean shipbuilders fight steel price hike
The Korean Shipbuilders? Association (KSA) is strongly resisting a hike in steel prices by Japanese steel makers who are attempting to increase the price of steel plates by $100 per tonne from the second quarter this year. Official negotiation will start next week. KSA says that the price per tonne ...
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Damen to build LSV for Dutch navy
A contract was signed between the Royal Netherlands Navy (RNN) and Damen Shipyards Gorinchem for the design and construction of a Logistic Support Vessel (LSV).Following a tender procedure the initial award took place at the end of 2004 after which the contract was signed early January. The 65 metre long ...
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"K" Line gets two new bulkers
Construction of two new cape-size bulkers ordered by Kawasaki Kisen Kaisha, Ltd. ("K" Line) group was completed in the beginning of January. A 200,000dwt Cape-size bulker named Cape Rosa was delivered from Universal Shipbuilding Corporation's Tsu Shipyard and set sail for Australia. This is the first vessel in a series ...
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India?s shipyards booming
While the big public sector shipyards in India are struggling with low order books, their smaller counterparts in the private sector that are engaged in building smaller vessels are being bolstered by a surge in demand. These private shipyards are getting an increasing flow of orders from foreign companies for ...
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Iran plans to build LNG carriers
Iran is planning to undertake the construction of LNG carriers. An official in Sadra Company said, "French technology is employed in the manufacture of the vessels and grounds are paved for manufacturing 300,000 dwt oil tankers as well as 150,000 cubic metre LNG carriers." There would be a requirement for ...
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Kvaerner Philadelphia starting work on oil tanker
The Kvaerner Philadelphia Shipyard is beginning work on a fifth ship, an oil tanker, and eventually could build as many as 10 tankers. The vessels would help replace an aging fleet of 42 such tankers that companies currently use to haul oil and chemicals between U.S. ports.Some of the current ...
