Latest News – Page 1006
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Vinashin gets funding
State-owned Vietnam Shipbuilding Industry Corporation (Vinashin) will receive $76 million in loans from the Fund for Development to build five 53,000 DWT dry bulk carriers. This represents up to 65% of the cost to build the bulkers which are part of a contract for 17 units that Vinashin had signed ...
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Ten more for MOL
Mitsui O.S.K. Lines (MOL) has decided to build 10 large car carriers that will be delivered from 2007 to 2009. The new construction plan follows a series of six carriers delivered in 2003 and 12 carriers for delivery between 2004 and 2006. In all, MOL will have a series of ...
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UASC gets Schiffko onboard for jumbo boxships
SCHIFFKO GmbH, the Hamburg-based ship design and consultancy company, has been awarded the contract for comprehensive consultancy services to UASC, United Arab Shipping Company, for their procurement of 8 new jumbo-size container vessels for their liner service between China and Germany. This consultancy covers the elaboration of tender documents, technical ...
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Mega-float future potential
Organised by the Japan Ship Centre (JETRO), a seminar presentation is being made on the ?Mega-Float technology and its future potential?. The ?Mega-Float? was born from a Japanese R&D project initiated in the late 1990s to develop an extra-large floating structure that can be used as an artificial land base ...
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Vinashin gets engine technology
Man B&W will transfer technology for the assembly and manufacturing of hydraulic machinery to the Viet Nam Shipbuilding Industry Corporation (Vinashin) to assist in the modernisation of its production lines. The aim is to provide engines for domestic shipyards and for exports in the future. This will also give the ...
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B.C. shipyard wins navy contract
The Canadian government has awarded a $69.7 million contract to Victoria Shipyards Company, a West Coast shipbuilder, to build six vessels to be used for basic naval training and development of junior officers. The new so-called Orca-class vessels will replace the more than 50-year-old wooden-hulled ?Yard Auxiliary General? training vessels, ...
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Turbomeca develops TM 1800
Turbomeca, part of snecma group, has developed the TM 1800, a gas turbine genset, which is designed for sea propulsion and electricity generation, railways applications, combined heat and power (CHP), emergency power units and the oil-producing industry. The French gas turbine manufacturer believes the TM 1800 will be able to ...
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Shipyard gets into shipowning
STX Corporation, the Korean holding company for STX Shipbuilding and diesel engine manufacturer, said it bought 67% of Pan Ocean Shipping, one of the world's 10 largest bulk carrier shipping companies, for $375 million. STX aims to become one of the world's top shipping companies by 2010 by increasing its ...
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Korea hits Qatar jackpot
The big three Korean shipbuilders have secured a $3.5 billion order to build 8 LNG carriers which form part of the second phase (Qatar Liquefied Gas II) of a huge gas development project jointly operated by Exxon Mobil and Qatar Petroleum. The order is the largest in the history of ...
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Aker Finnyards downsize
Following earlier announcements, Aker Yards will combine its entities in Finland into one organization and, in order to cover the costs of this restructuring, a non-recurring provision in the level EUR 18-20 million will be booked against the fourth quarter results. Future synergy effect from the combination is expected to ...
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HZ joins post-Panamax club
The Shanghai-based Hudong-Zhonghua Shipbuilding (HZ) facility is the first Chinese yard to win a contract for post-Panamax container ships with a five-ship deal from China Shipping. China's largest domestic built container ships will be capable of carrying 8,530 TEUs and the lead ship is scheduled for delivery in 2007. The ...
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Vietnam shipbuilding needs big investment
Vietnam needs over $1.4 billion to develop its shipbuilding industry by 2010, according to local sources. Under a national shipbuilding development plan, the industry needs this amount of funding to upgrade its facilities with the latest technology.The country plans to start building ships of 100,000 DWT next year and the ...
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MacGREGOR ups its Chinese output
MacGREGOR continues to develop successful production partnerships in China, and its latest venture is a new hatch cover production plant in Nantong, in partnership with Rainbow Heavy Industry (RHI). The factory is scheduled for completion at the end of October to meet increasing demand from Asia?s rapidly expanding shipbuilding industry ...
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Olsen?s big trimaran christened
The newest and most significant vessel yet to arrive on the world fast ferry scene was christened ?Benchijigua Express? in a ceremony at Austal?s yard in Henderson, Western Australia.Powered by four diesel engines driving three water jets, the Auto Express 127 trimaran will be able to carry 1,350 passengers, 341 ...
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Hyundai wins boxship octet
Hyundai Heavy Industries has won a $568 million order to build eight vessels for Nippon Yusen K.K., Japan's largest shipping company. The ships, each with capacity for 4,900 TEUs, will be delivered by March 2008.The South Korean shipbuilder has won record orders this year as growing trade between Asia, Europe ...
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Simrad autopilots voted tops again
Simrad autopilots have once again dominated the autopilot group of the NMEA (National Marine Electronics Association) awards by winning both autopilot categories. This is the 20th consecutive year that Simrad autopilots have won NMEA awards with the total number now rising to 38.The AP25 was voted 'Best Autopilot (recreational)' in ...
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Semco saves Nina
A Semco Salvage team has successfully completed a challenging operation to save the 64,401 dwt bulk carrier Nina, having extinguished fires in the casualty?s coal cargo. Nina, loaded 58,624 tonnes of coal in China, was on a voyage to Turkey. On 25 September, while the bulker was in Singapore for ...
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Two fast ferries for Austal
Austal has signed a new contract for two 45 metre fast catamaran ferries from L?Express des Iles SA, a company that operates both domestic and international services from Guadeloupe. Its existing fleet of four fast ferries includes two catamarans built by Austal in 1998, i.e. the 40 metre, 300 passenger ...
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UMC launches into selling equipment
The leading underwater ship maintenance specialist company, UMC International, has launched a range of hull cleaning equipment based on their successful track record of in house design and build facilities. This equipment is now available for purchase. The catalyst for the decision to sell the equipment has been the huge ...
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Shell LNG goes green
Lloyd?s Register (LR) has verified the world?s first ?Green Passport? in full compliance with IMO?s Guidelines on Ship Recycling for the LNG carrier Granatina, operated by Shell International Trading and Shipping Company Ltd (STASCo). The vessel is a new LNG carrier, delivered in 2003 by Daewoo Marine Shipbuilding and Engineering ...
