Latest News – Page 1018
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James Fisher?s latest launched in Korea
James Fisher & Sons plc, one of the UK?s leading marine services providers, has launched a new tanker, the Cumbrian Fisher, at the Samho Shipbuilding Company in Korea. The vessel, a clean product/chemical carrier, will go on sea trials in September for delivery towards the end of the year. A ...
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CSIC chooses HK for regional office
China's largest shipbuilding company, China Shipbuilding Industry Corporation (CSIC), opened an office in Hong Kong and is registered as China Shipbuilding and Offshore International (HK) Co. The Hong Kong operation is wholly-owned by the CSIC's subsidiary China Shipbuilding and Offshore International Co. Ltd. (CSOC) and will serve as a regional ...
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Austal high on commercial and defence projects
Austal, the Australian shipbuilder, reported a net profit after tax and outside equity interests of $20.1 million for the financial year ended 30 June 2004. This significantly improved result flows from a shift from building luxury yachts to patrol boats. Austal has consistently performed well in commercial vessels and patrol ...
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KOTC signs newbuilding contract
The Kuwaiti Oil Tanker Company (KOTC) finalized a contract with the Korean shipbuilder Hyundai Heavy Industries at a cost of $182 million to build three tankers for delivery in 2006, 2007 and 2008.
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NCL first with onboard cell service
NCL Corporation will be the first cruise line to bring passengers on North American cruises the ability to use their cell phones even when communications towers are oceans away. The company is providing the innovative new offering through Wireless Maritime Services, a joint venture of AT&T Wireless and Maritime Telecommunications ...
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Scrap market cools down
Tankers sold for scrap at ship breaking yards fell 40% during the first seven months of the year as surging freight rates prompted owners to keep vessels in service, London-based shipbroker Simpson, Spence & Young said.About 60 oil tankers totalling 5.5 million dwt were scrapped during the period, down from ...
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Radix Marine to build prototypes
Radix Marine, a US-based marine vessel development company specializing in port and homeland security and defense initiatives, signed a contract to build two prototype manned vessels with a marine technology company, Advanced Marine Concepts (AMC). The vessels will be built in Radix Marine's new manufacturing facility, making them the first ...
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Yongyue starts work on new dry dock
Construction on a new 300,000dwt dry dock has started at the Yongyue Shipyard at their at Mashidao facility in China. The ship repairer and shipbuilder will complete this dock by the end of 2005 and will commence work on a 100,000dwt dry dock. Total investment is CNY 450 million. The ...
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SID cards come into force
An international labour standard designed to create a new biometric identity verification system for the world's 1.2 million seafarers has received sufficient ratifications to go into force on 9 February 2005, the International Labour Office (ILO) said today. ILO Convention No. 185, adopted by the International Labour Conference in June ...
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Iran hopes to launch first IRISL ship next year
Iran hopes the first ship to be built for the Islamic Republic of Iran Shipping Lines (IRISL) at a local shipyard can be launched next year. Despite slow progress in the field of shipbuilding, Iran plans to develop its industry and is currently building several large ships for a number ...
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Caspian Sea barge contract for Aker Kvaerner
Aker Kvaerner has signed a letter of intent to perform fabrication, outfitting and testing of seven barges for oil production in the giant Kashagan oilfield in the north Caspian Sea, offshore Kazakhstan. In the letter of intent, Agip Kazakhstan North Caspian Operating Company N.V. and Aker Kvaerner confirm their intentions ...
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Daewoo profits up
Daewoo Shipbuilding Marine Engineering (DSME), the world's No.2 shipbuilder, announced that its second-quarter profit rose 12% as gains in sales of newbuildings were bolstered by currency hedges. Net income rose to $78 million in the three months up to June 30 from $70.1 million last year while sales rose 4.1% ...
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CTT to market ASC technology
Connecticut-based Competitive Technologies (CTT) has signed an agreement with Illinois-based Cutting Edge Technologies (CET) to commercialize and grant licenses for CET's patented ?accelerated steel cutting? (ASC) technology. The ASC technology, with a specifically designed and modified track torch, uses high pressure propane and oxygen to cut steel at a rate ...
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Pride?s itinerary announced
NCL Corporation (NCL) unveiled the itinerary for Pride of America, the second of three US flagged cruise ships that will sail to Hawaii under the NCL America brand. The ship, which earlier this year suffered storm damage at the German shipyard Lloyd Werft where the ship was under construction, was ...
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MISC to expand LNG fleet
Malaysia International Shipping Corp (MISC) will increase its fleet of LNG carriers to 28 by 2008 from the present 17 to meet the growing demand for gas deliveries, its chairman Tan Sri Mohd Hassan Marican said. The company has placed orders for six 137,000 cubic metre LNG carriers of the ...
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HMM to order three boxships
Hyundai Merchant Marine reports to Korea Stock Exchange today that it decides to order three 4,700TEU container ships with delivery of second and third quarter of 2007. Total investment will be $ 200 million. HMM adds that the decision is a part of medium and long-term ship securing program. A ...
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HHI to build Korea's first Aegis
Hyundai Heavy Industries (HHI) will begin construction of a warship armed with the Aegis Combat System, the US developed anti-air defense system, for the South Korea?s navy at a cost of over $860million. Code-named KDX-III, the 7,000 tonne destroyer will be the first in a three-ship series which has been ...
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Indian Navy to build aircraft carrier at home
India has unveiled plans to build an aircraft carrier and Chief of Naval Staff, Admiral Arun Prakash, said that the carrier would be built at the Cochin shipyard. "The ADS (Air Defence Ship) is our biggest ship building project, and we are extremely keen that it should get off the ...
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STX may build in China
STX Shipbuilding of South Korea, is considering relocating one of its dockyards to China to expand its production capacity and improve on its productivity. The company is considering various options, including relocating its facilities to Jinhae, south of Seoul.Korean shipbuilders are looking for ways to expand their production capacity and ...
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China joins LNG shipbuilding club
China's shipbuilding industry has entered into the liquefied natural gas (LNG) shipbuilding market with the signing of the country?s first newbuilding contract for this ship type. Hudong-Zhonghua Shipbuilding (HZS), a subsidiary of China State Shipbuilding Corp (CSSC), is to build three147,000 cubic metre LNG carriers the LNG project in southern ...
