Latest News – Page 1004
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News
Farstad poised to order PSVs
Farstad Shipping ASA has received a Letter of Intent from Norsk Hydro for the supply of 3 platform supply vessels (PSV). The contract periods are for 5 years, 10 years and 10 years respectively and the total contract value is approx. NOK 1.0 billion. The 5 year contract will be ...
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ASL Marine secures eight shipbuilding contracts
ASL Shipyard Pte Ltd, the wholly owned subsidiary of ASL Marine Holdings, has secured additional shipbuilding contracts worth a total of $45 million for the construction of eight new vessels. These contracts, from various customers in Europe and Malaysia, comprise of two Rotor tugs, four azimuth stern drive (ASD) tugs, ...
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Olympic PSV for Brattvaag
Aker Brattvaag, a company in the Aker Yards Group, has been awarded a contract worth approximately $37 million by Olympic Shipping to build a Platform Supply Vessel of the MT 6016 type. Delivery from Brattvaag Skipsverft is scheduled for March 2006. The vessel will be approximately 93 metres long, with ...
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New Japanese LNG carrier for Qatar gas
A consortium comprising Mitsui O.S.K. Lines (MOL), Nippon Yusen Kabushiki Kaisha (NYK), Kawasaki Kisen Kaisha ("K" Line) and Mitsui & Co (Mitsui) has signed a 25 year long-term charter agreement for a new 145,000 m3 LNG carrier to transport gas for Ras Laffan Liquefied Natural Gas Co. Ltd II (RasGas ...
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New stern tube seals
Wärtsilä Corporation has introduced a new family of face-type seals specifically for water-lubricated stern tubes. These new deep sea seals brand ManeGuard seals are ideally suited to vessels sailing frequently in coastal or other waters with high sand and silt contents. Even under such aggressive conditions, they provide robust seals ...
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ABS provides AIP to Ocean LNG
ABS has issued Approval In Principle (AIP) to a new liquefied natural gas (LNG) tank containment system and carrier design developed by Houston-based Ocean LNG Inc. The tank design consists of a cylindrical tank with spherical dished ends. The 180,000m3 carrier design features five of these large 36m diameter and ...
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Keppel wins Mexico job
Keppel Corp. has received a $164 million contract to build oil platforms for a unit of Mexico's national oil company, Petroleos Mexicanos. Keppel Offshore and Marine, has a 60% stake in the consortium. The unit's yard in Brownsville, Texas, is well-positioned to service the Mexican offshore oil and gas market, ...
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New PSV for Island Offshore
Aker Yards, via its wholly owned subsidiary Aker Brevik, has entered into a contract with Island Offshore VIII KS in Ulsteinvik, Norway, to deliver a UT 755LN platform supply vessel. The value of the contract is approximately $21 million. Lars Stärk, Managing Director of Aker Brevik said, "We have won ...
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Spanish shipyard eyes overseas markets
The Spanish shipyard Izar Ferrol is looking for overseas markets that will generate revenues at least $24 billion. At present the Ferrol yard, described as one of the few global shipyards able to construct the most up-to-date frigates in the world, is targeting the Bulgarian market as well as other ...
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India?s indigenous carrier on the way
The Indian Navy has started construction of a 40,000 tonne displacement indigenous aircraft carrier at an estimated cost of Rs 3,000 crore. "Besides acquiring the 'Gorshkov' aircraft carrier from Russia, the Indian navy has also started construction -- at its Cochin Shipyard -- of a totally indigenous aircraft carrier with ...
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Hyundai buys Chinese yard
Hyundai Corporation, seeking new business, has signed a contract to take over Qingdao Lingshan Ship Engineering (QLSE) in China. The Chinese yard is a medium-size ship builder that mainly constructs vessels between 10,000 and 20,000 tonnes. Hyundai invested $7.4 million in the Chinese shipbuilder to upgrade facilities. In addition, 30 ...
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Bharati in expansion drive
Bharati Shipyard, one of the leading shipbuilder in the private sector in India, aims to achieve 20% of its revenue from the ship-repair business after completion of the current expansion drive. "Though the ship-repair industry is very small in India, the market is shifting towards other Asian countries due to ...
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Korea and EU claim victory
According to a European diplomat just hours after Seoul had claimed victory in the case, the WTO has ruled against South Korea on the core issue of a dispute over South Korea?s shipbuilding subsidies. "The interim report confirmed some of the arguments submitted by South Korea but the EU prevailed ...
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Venezuela hints at Izar deal
President Chavez of Venezuela has announced that his country will send some oil tankers to the troubled Izar shipyard. Spanish President Jose Luis Rodriguez Zapatero had been brokering the deal, which could include contracts to build ships for Petroleos de Venezuela (PDVSA).
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Halter gets double ender
VT Halter Marine has signed a $31 million contract to build a double-ended passenger/vehicle ferry for Nantucket Steamship Authority in Massachusetts. The 78.15 metre long ferry is expected to be delivered in 2006 and will replace the 54-year-old ferry Islander which serves the Wood's Hole to Martha's Vineyard route in ...
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ABS calls for re-evaluation of class responsibilities
Calling the pending adoption of new IACS common rules for tankers and bulk carriers "the most fundamental change in the structure of the classification sector in its history," ABS chairman and ceo, Robert D. Somerville, has called for a meeting of all the principal parties involved - class, shipbuilders, shipowners ...
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Wärtsilä to power BP?s LNG carriers
Wärtsilä has received an order from Hyundai Heavy Industries of Korea to supply four sets of Wärtsilä 50DF dual-fuel engines to power a series of 155,000 m3 dual-fuel-electric LNG carriers, with an option on four more sets. The ships were ordered last month by the UK-based BP Shipping and are ...
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Teekay spin off LNG fleet and oil tankers
Teekay Shipping, the world's second-largest tanker company, plans to spin off its LNG tankers as a separately listed company, selling shares worth $110 million in an initial public offering. The Marshall Island-based unit, Teekay LNG Partners LP, plans to sell 5.5 million shares at an indicated price of $20 apiece. ...
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Aker Yards to outfit ROV Survey / Supply Vessel
Aker Brattvaag, a company in the Aker Yards Group, has signed a contract with Volstad Maritime AS, Alesund, Norway for outfitting of one ROV Survey/Supply vessel at Aker Langsten. The contract is worth approximately NOK 300 million and the newbuilding is scheduled for delivery in June 2005 and the work ...
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Bourbon exercises option
Bourbon Offshore Norway AS has, through the company Bourbon Ships AS, exercised an option to build an ULSTEIN P105 supply vessel at Ulstein Verft AS. The new contract is worth around NOK 220 million. "This is more than just the exercising of an option for us. It is a vote ...
