Latest News – Page 1016
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IBS aids safer navigation
In many cases, the common feature leading to collisions includes fatigued officers, one-man-bridge operations at night, missed course alterations and no watch alarms. The present regulations "were not effective" said the MAIB and it has recommended that all merchant vessels over 500gt should have a minimum of a master and ...
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Increased competition drives development forward
The worldwide market of medium and high-speed four-stroke diesel engines is now as before distinguished by over-capacity and thus very competitive. Engine development is ? besides the typical requirements of higher power output, less fuel and lube oil consumption, improved reliability and longer service life ? also concentrating on cost ...
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Ageing reefer fleets ripe for renewal
The last major reefer building spree occurred in the mid to late 1990s and since then there has been only spasmodic activity in this sector with a couple of notable exceptions with the last mainstream conventional vessels entering service in 2001. Deliveries of newbuildings during 2000 accounted for 13 ships ...
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Norwegians order frozen food carrier duo
Multi Maritime, the Norwegian-based naval architect firm, has conceived an interesting and innovative multi-purpose container reefer vessel to transport fish products on short-sea routes in Europe. Two examples of this design, code named ?MM 80 Reefer?, have been ordered from domestic shipbuilder and fishing boat specialists Vaagland Batbyggeri located in ...
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Big two answer need for powerful tugs
The orders for the Lloyd?s Register-classed, 75 metre long twin screw Fairmount Sherpa and Fairmount Summit were placed with Niigata Shipbuilding & Repair in Japan. The Sherpa will be commissioned in May 2005, followed three months later by Summit. Discussions are being held for a third vessel in response to ...
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Big two answer need for powerful tugs
The orders for the Lloyd?s Register-classed, 75 metre long twin screw Fairmount Sherpa and Fairmount Summit were placed with Niigata Shipbuilding & Repair in Japan. The Sherpa will be commissioned in May 2005, followed three months later by Summit. Discussions are being held for a third vessel in response to ...
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Higher steel prices hit Daewoo
Daewoo Shipbuilding & Marine Engineering (DSME), the world's second-largest shipbuilder, said its profit fell 44% from a year earlier last month because of higher steel prices. Net income in July fell to $18 million from $19.4 million a year earlier, DSME said in a statement to the Korea Stock Exchange. ...
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Aker Yards' profits dive
Second-quarter profits at Aker Yards AS, Europe's biggest shipbuilder, plunged 78% as the company completed fewer cruise ships and vessels to serve the offshore oil and natural-gas industry. Net income fell to $15 million from $40.7 million a year earlier, the Oslo-based company said in a statement to the Oslo ...
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Sovcomflot lobbies for IPO
Russia's largest shipping company, state-owned Sovcomflot, wants the government to float 35 to 40% of its shares to raise up to $300 million. The company?s general director Dmitry Skarga said the company preferred American depositary receipts as a way for listing the company's stock abroad, which would help the oil ...
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Austal venture chases $2bn naval contact
Austal Ships has teamed with Raytheon Australia to bid for the upcoming Australian Government tender to build two 25,000 tonne 200 metre long amphibious ships, which is due to be issued in early 2005."By combining Austal?s impressive track record of on time, on budget shipbuilding with Raytheon's expertise in electronic ...
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BC Ferries rejects union claim
A union representing Canadian shipyard workers claims BC Ferries has already decided to have new ships built by in Germany. The allegation was made by George MacPherson, president of the B.C. General Shipyard Workers Federation who claims Hahn is taking orders from the provincial Liberal government to build new superferries ...
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IHC Caland yard sale
Dutch offshore engineering and shipbuilding group IHC Caland has reported a half-year profit of $53.8m which is well ahead of the $34.2m made in 2003 that included losses at the van der Giessen-de Noord yard. The company reports new orders in the six months to June 30 of a total ...
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Wärtsilä sells off high-speed engine rights
Wärtsilä has sold the product rights of the high-speed Wärtsilä 200 and 220 product family to Dresser Inc. Waukesha business unit in the USA. Wärtsilä will continue to provide service for the engine base as before and this transaction does not include transfer of personnel. Wärtsilä is also negotiating the ...
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Fire Prevention at SMM
Norwegian Maritime Equipment has for some time provided portable and fixed fire fighting units for external fire on vessels and offshore installations. Recently, however, it introduced its own brand, the Nor-FiFi. Visitors to Norwegian Maritime Equipment?s booth SMM will be able to find out more about the units, which can ...
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ThyssenKrupp, HDW to hold on to all shipyards
ThyssenKrupp AG said all shipyard sites would be kept as part of its merger with One Equity Partners (OEP) unit Howaldtswerke-Deutsche Werft AG (HDW), which is expected to be contractually sealed by the end of September, and finally completed by the end of December.'Under the new structure all existing locations ...
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TEN orders versatile Aframax
Tsakos Energy Navigation (TEN) has ordered one Aframax double-hulled tanker, with a carrying capacity of 105,000 dwt. The vessel, featuring a new design that will provide customers with new options for moving cargoes in the Aframax class, will be built by Sumitomo in Japan, and is scheduled for delivery in ...
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K Line inks agreement for new LNG carrier
Kawasaki Kisen Kaisha (K Line) has executed a shipbuilding contract with Kawasaki Shipbuilding Corporation for a 145,000m3 LNG carrier scheduled for delivery in 4th quarter of 2007. The company has also signed a time charter agreement for a period up to 10 years with the Swiss company J&S Cheniere S.A.. ...
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Posco to up thick steel plate production
Posco in South Korea will be increasing production of thick steel plates from 3.3 million tonnes per year to 3.8 million tonnes by 2008 in order to provide sufficient steel supply to Korean shipbuilders which have faced difficulties in securing steel plates. In addition, it will install and operate another ...
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BAE refuses to give long-term commitment
The shock announcement comes amid fears that BAE's yards at Scotstoun and Govan could be sold off as the result of a row with defence chiefs. The call was made as VIPs gathered at Govan for a steel cutting ceremony to mark the beginning of construction of a Type 45 ...
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ATC says LRAD business growing.
American Technology Corporation (ATC) has issued a report on recent developments regarding its growing LRAD business. LRAD is a breakthrough long-range hailing and warning, directed acoustic device designed to communicate with authority and exceptionally high intelligibility. From either a static or mobile location, LRAD can transmit a verbal challenge with ...
