Latest News – Page 1001
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News
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 ...
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Volvo technology revolutionizes boat life
Volvo Penta has launched its new propulsion system for boats, the Volvo Penta IPS (Inboard Performance System). The new system is claimed to dramatically improve speed while also being quieter, cleaner and extremely maneuverable.The new system, which resembles azimuthing propulsors, features propellers that are turned in the direction in which ...
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Crisis over for Norwegian shipbuilders
The crisis in the Norwegian shipbuilding industry is apparently over although some of the smaller yards still face grave problems. In 2004 Norwegian yards received orders worth altogether $1.9 billion. This follows a relatively lean four years where newbuilding orders were scarce and many yards faced hardship. The main reasons ...
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Iran needs LNG tankers for Indian contract
In order to export its LNG to India, Iran will require more than eight tankers, an official in National Iranian Oil Tanker Co. (NIOTC) said. "Although, detailed studies have not been carried out yet in this regard, India has expressed its readiness to participate in the manufacture of the ships", ...
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CSSC targets 4m DWT new orders
China State Shipbuilding Corporation (CSSC) aims to win newbuilding orders for 4 million DWT and deliver 4.36 million DWT this year. In 2004, CSSC delivered 3.57 million DWT, up 64.5% on 2003, of which 73.8% were for export. Last year CSSC won new orders totalling 4.6 million DWT valued at ...
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Boxship quartet for Daesun
Daesun Shipbuilding in South Korea has secured a contract for four 1,043TEU container ships from an undisclosed ship owner. Total contract price is $ 76.8 million and delivery is scheduled between 2007 and April 2008. Hyundai Mipo Dockyard won an order from Japanese shipping company Orix for a 2,824TEU container ...
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Mipo provides support to KPSI
Hyundai Mipo Dockyard and Kvaerner Philadelphia Shipyard Inc in the US have signed a shipbuilding technology support agreement under which MIPO will provide ship design of 12 product carriers, shipbuilding technology and supply of marine equipment to KPSI at the price of $26.92 million. The contract will be valid from ...
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Mega fleet expansion for Japanese shipping
Japanese shipping companies plan to invest over $34 billion to increase their fleets by 630 vessels in the next five years. The vessels to be acquired in the fleet expansion programmes that will end by 2010 will be mostly LNG tankers.Sources close to the Japanese shipping industry disclosed that the ...
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Post-Panamax trio ordered by Hapag-Lloyd
Hapag-Lloyd has ordered three 100,000 DWT post-Panamax containerships from South Korean shipbuilder Hyundai Heavy Industries. The 8,600TEU vessels will have a length of 335m, a width of 43m and the lead-ship will be delivered at the end of 2007 with the remaining two in 2008. Newbuildings must be ordered well ...
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TTS establishes new JV in China
TTS Marine ASA has entered into agreement with Dalian New Shipbuilding Heavy Industry (DNS) to establish a joint venture company for supplying cranes to new ships being built in Chinese shipyards. This agreement is a milestone in TTS efforts to enter the expanding shipbuilding market in China. The agreement to ...
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Aker Tulcea triples turnover
Tulcea Shipyard, owned by Norwegian group Aker, forecasts triple turnover for this year, up to 120 million euros. The company's management is hiring more employees in order to be able to fulfill the unprecedented number of orders. The yard recently received a newbuilding contract worth more than 150 million euros ...
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STX develops on-land construction - ndh
STX Shipbuilding has developed a ?Skid Launching System? involving building ships in two sections on land. After each section has been constructed, the two are joined in a floating dock. STX recently moved half of a 47,000DWT product carrier ?High Courage? onto a floating ?skid barge? and will move the ...
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NYK orders VLCC trio
Nippon Yusen Kaisha (NYK) in Japan ordered three 300,000DWT VLCCs from IHI Marine United for delivery from 2008 to 2009. NYK now has 13 VLCCs on order and is in accordance with the company?s policy of creating a double-hulled tanker fleet. With the delivery of all newbuildings, NYK will have ...
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Keppel owns Brazilian operations
Keppel Offshore & Marine Ltd (Keppel O&M), the wholly owned subsidiary of Keppel Corporation Limited, has acquired from the PEM Setal Group the latter?s entire 17.25% interest in FELS Setal S.A. The cash consideration for the purchase is $5 million. With the acquisition, FELS Setal will become a wholly owned ...
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Korea sees China as threat
The Korea Shipbuilder's Association recently presented a report that Chinese shipbuilders are likely to overtake Korean yards in the construction of large container ships within the next five years. It also claims Chinese competition will overtake Korea for high-value ships such as LNG carriers within 10 years. What also worries ...
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B&N Nordsjofrakt confirms trio
With reference to a letter of intent (LOI) announced on 20 October 2004, Aker Yards has now received a confirmation in the form of a firm contract for building of three container carriers for B & N Nordsjofrakt. The contract is worth approximately $188 million and all three vessels will ...
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CSG orders five tankers
China Shipping Development Co, a subsidiary of China Shipping Group, has ordered a 298,000dwt VLCC from Dalian New Shipyard. Ship particulars are 333.5m in length, 58m in breadth, 31m in depth, a draught of 21m and a speed of 15.8 knots. No price or delivery date has been revealed. CSDC ...
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Another Costa contract for Fincantieri
Costa Crociere, a subsidiary of Carnival Corporation, has ordered a 112,000gt cruise ship from the Italian shipbuilder Fincantieri at a cost of $630 million. The new Concordia class ship will be built at the Sestri Penente yard in Genoa and is due for delivery in spring 2007. It will be ...
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US yards vie for ferry job
Three Puget Sound shipyards are competing to build four new state ferries worth in total $200 million. J.M. Martinac Shipbuilding of Tacoma, Nichols Brothers Boat Builders on Whidbey Island and Seattle's Todd Pacific Shipyards are in the final list of shipbuilders that meet the requirements of the Washington State Ferry ...
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Fjord1 to order gas ferries from Aker
Aker Yards has signed a LOI with Fjord1 to build five gas powered ferries with delivery scheduled for second half of 2006. The value of the contract is approximately $193 million. The world's first gas powered ferry, Glutra, was delivered from Aker Yards in 2000. The five new ferries will ...
