Latest News – Page 1014
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New Chairman for Society of Maritime Industries
Mr Kelvyn Derrick has succeeded Mr David Goodrich as Chairman of the Society of Maritime Industries. Kelvyn Derrick is Chief Executive of Hamworthy plc and has been a member of the Society?s Board since 1996.In acknowledging his appointment Kelvyn Derrick commented: "I am very happy to take on this role ...
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MOL introduces world?s first turbine plant simulator for LNG Carriers
Mitsui O.S.K. Lines (MOL) has introduced an independently developed turbine plant simulator for LNG carriers at the company?s training institute in Tamachi, Minato-ku, Tokyo. This is the world?s first full-scale turbine plant simulator reproducing the operating conditions and sounds of an actual engine.The simulator will provide more effective training and ...
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HHI likely to win BP LNG carriers
Hyundai is likely to win an order for up to 7 LNG carriers from BP Oil. According to a shipbuilding source, Daewoo and Samsung withdrew from the competition. Meanwhile, Hyundai, Daewoo and Samsung are shortlisted for constructing 200,000 cbm LNG carriers for Qatar Gas.
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Hindustan Shipyard in profit
The Visakhapatnam-based shipbuilding company, Hindustan Shipyard Ltd (HSL), is all set to report nominal profits in the current year. "The company will make some profits in the current year whether we get the revival package or not. However, if the government accepts the revival package, it would be comfortable," said ...
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Karachi shipyard handed over to Navy
The government of Pakistan has formally handed over the Karachi Shipyard to the Pakistan Navy following wide ranging consultations. The federal finance ministry has been told to provide 460 million for the Karachi shipyard employees for the payment of their salaries.
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Second Ultra Voyager for Aker Yards
Royal Caribbean International (RCI) and Aker Yards, confirmed an order of a second Ultra Voyager, the world's largest cruise ship. The contract is valued at some $700 million.This 160,000gt 3,600 passenger vessel will be built at the Turku facility of Kvaerner Masa-Yards for delivery in spring 2007. The yard is ...
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Izar Group split
Only private capital can save the La Naval shipyard in Sestao, one of the yards in the Izar Group, following an announcement by the Spanish government to split up the group and sell off the civil shipyards. This provoked an angry response by the unions who said they will call ...
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Kittiwake unveils new bunker sample storage system
To help ship owners, operators and managers comply with the latest mandatory regulations governing the collection, retention and storage of bunker samples in accordance with IMO MARPOL 73/78 Annex VI, Kittiwake is introducing its ?bunker sample storage system? for the first time at SMM 2004.With effect from 19th May 2005, ...
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Launch rush at Daewoo
Daewoo Shipbuilding recently launched three ships and one offshore platform at No. 1 Dock all on the same day. The first was a 145,000§© LNG carrier for Bergesen, the second was a 159,000DWT product tanker for Teekay, the third was a 69,000DWT tanker for LMZ and an offshore project named ...
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The emergence of Aker Finnyards
Aker Yards Group will merge its two shipyards in Finland, Kvaerner Masa-Yards and Aker Finnyards, and the new company will be named Aker Finnyards which will cover all Aker Yards shipyard activities in Finland. The new, operative organisation will take effect on January 1, 2005. Masa-Yards will acquire Aker Finnyards ...
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STX to take over Pan Ocean
Korea Development Bank (KDB) has selected STX as a preferential bidder for the Korean shipping company Pan Ocean. The bank commented that STX won the bidding because of employment stability, purchase condition as well as price. At present, Pan Ocean owns 57 ships and charters around 200 ships. KDB owns ...
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Future of BAE shipyards in balance
The UK defence group, BAE Systems, has dismissed reports of a boardroom disagreement ahead of the group's interim results this week. Directors are meeting today to discuss the future of the company's shipbuilding business, which has been put under review by Mike Turner, chief executive.Reports at the weekend suggested some ...
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MISC orders LNG quintet
Malaysia International Shipping Corp. (MISC) has agreed to buy five new LNG tankers from Japanese shipbuilder Mitsubishi Heavy Industries. "I can confirm we have signed up for five tankers," MISC spokesperson Fiona Pereira said. MISC, which is a unit of national oil and gas corporation Petroliam Nasional Bhd (Petronas), declined ...
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JRC launches new marine radar
Japan Radio Company (JRC) has launched a new marine radar system featuring proprietary technology developed specifically to enhance user-friendliness, target visibility and overall performance. The JMA-5300 series is delivered as standard with Constaview and ?target enhancement function? (TEF) technology. Constaview enables a radar operator to switch between different operating ...
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Spending in marine propulsion sector to reach new records
An industry source forecast that this year the world shipbuilding industry is likely to spend $5.3 billion on marine propulsion systems and this is set to rise. Over the period 2004 to 2008, $27.2 billion is likely to be spent compared with $22.4 billion over the previous five-year period, an ...
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Evergreen plans further expansion
Evergreen is thinking about ordering a number of 9,000TEU boxships from Taiwanese shipbuilder China Shipbuilding Corp, as part its fleet expansion plan which aims to add a total of 50 new vessels over the next 6 years.
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ASA paints gloomy forecast
A report released last month by the American Shipbuilding Association (ASA) paints a gloomy forecast about the future of shipbuilding in the USA. The ?Shipbuilding Industrial Base Survey and Report? centers on the fact that the current ship procurement plan by the Department of Defence leaves two production ?gap years?, ...
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Environmental performance by RCI pleases Stockholm
Royal Caribbean International's Jewel of the Seas is the first international cruise ship to be honoured by the Ports of Stockholm, with its Environmental Life-Buoy Certificate, for its use of low sulfur fuel. Jewel of the Seas, one of four Royal Caribbean ships equipped with smokeless gas-turbine engines, was recognized ...
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Busy Chinese shipbuilder
China Shipbuilding Industries Corporation (CSSC) has clinched 2.2 million DWT new orders valued at $1.8 billion and completed 44 ships of 1.8 million DWT for the first half this year. China Shipbuilding Industries Corporation (CSIC) secured 5.3 million DWT of new orders valued at $3.6 billion for the first ...
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NYK signs ore-shipment deal with Baoshan
Nippon Yusen Kaisha (NYK) has tied up a long-term transport contract with the China?s largest steel producer, Baoshan Iron and Steel. Under the terms of the deal, NYK will transport about 600,000 tonnes of iron ore a year from Brazil to the Baoshan terminal near Shanghai and the contract will ...
