Latest News – Page 1019
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News
Viet Nam shipbuilding looks promising
Construction on the first two ships in a 15 vessel deal between the UK-based Graig Shipping and Viet Nam?s shipbuilder Vinashin will begin soon at their Ha Long shipyard and Nam Trieu yard. The $336 million deal with Graig Shipping calls for the construction of 15 bulk carriers of 53,000dwt ...
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EU saves Izar
The European Commission has cleared a deal designed to save Spain's shipbuilding industry that will see Spanish yards focus on making military rather than cargo carrying vessels. The EU Competition Commissioner has received assurances from the Spanish Finance Minister that the deal brokered last month complies with EU rules on ...
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E.R. Schiffahrt trio named
Three container ships were named by E.R. Schiffahrt earlier this week at the three Hyundai shipyards in South Korea. These latest newbuildings are part of the planned expansion programme by E.R. Schiffahrt, a subsidiary of the Hamburg-based Nordcapital Group, which will see another 22 container ships, all built by Hyundai, ...
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New Handymax from Oshima
A new ultra Handymax bulk carrier design has been developed by the Japanese shipbuilder Oshima featuring a Panamax beam and draught but maintaining a Handymax length. The 60,000dwt design has a length of 190m, a beam of 32.26m, a draught of 13.04m and five holds with a total cargo capacity ...
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Poland backs Viet Nam
Viet Nam is an important partner for Poland?s development strategy, said Polish Prime Minister Marek Belka at a business forum held by the Viet Nam Chamber of Commerce and Industry at the Polish embassy in Ha Noi. Belka said that, with a population of 80 million, Viet Nam is a ...
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Appledore turning the corner
Appledore Shipbuilders in Devon, UK, is working on its first order since the yard went into receivership at the end of 2003 with the loss of more than 500 jobs. The yard, which is under new ownership of Devonport Management Limited (DML), began work late last year on the hull ...
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Heusden facility closed
The Dutch shipbuilder Shipyard De Hoop has closed its facilities at Heusden with effect from 19 January. The company states it will continue its shipbuilding activities in The Netherlands on a smaller scale at its location in Lobith.
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Wallenius Wilhelmsen signs low sulphur fuel contracts
Wallenius Wilhelmsen has signed two key contracts for the supply of low sulphur bunker fuel - with a sulphur content of just 1.0% - that will help the company meet its ambitious environmental targets for 2005. A three-year contract has been secured with Shell Marine Products to purchase 200,000 to ...
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DNV acquires Jardine
Jardine, a leading international provider of asset performance improvement services, has been acquired by DNV. This move strengthens DNV?s ability to help companies optimise the economical performance of individual assets without compromising their safety or environmental performance.Jardine and Associates will be integrated as part of DNV?s Consulting business. The acquisition ...
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Posco and big 3 set up committee
Posco, the Korean big 3 shipbuilders- Hyundai Heavy Industries, Daewoo Shipbuilding and Samsung Heavy Industries- and Korean Register of Shipping have established a committee to develop steel for ship including thick steel plate. Called the Shipbuilding Steel Development Joint Committee, the committee held its first meeting earlier this month and ...
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Aker concludes employee negotiations in Finland
Since the beginning of 2005 Finland's three largest shipyards in Helsinki, Rauma and Turku have been working as one company, the new Aker Finnyards. As part of the restructuring plans, negotiations were started in November last year with employee representatives to improve the productivity of the yards. The formal negotiations ...
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Ulstein gets P101 contract
Ulstein Verft has signed a contract with Island Offshore XI KS to build a large ULSTEIN P101 multifunctional platform supply vessel, designed by Ulstein Design AS. The contract is worth around $46 million. It will be the first vessel to be built to this design, making it the 12th in ...
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US order for ME-C engines
US shipowner Overseas Shipholding Group (OSG) has ordered eight MAN B&W ME engines as the main propulsion plant for four 216,000 cubic metre LNG carriers recently ordered from Korean yards Hyundai and Samsung. Each yard will deliver two vessels for the Rasgas II project for shipping Qatari gas to the ...
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Samho wins PCTC quartet
UKOR Car Carriers (EUKOR) placed an order with Korean shipbuilder HyundaiHeavy Industries (HHI) for four pure car and truck carriers (PCTCs). The vessels will bebuilt at the Hyundai Samho Heavy Industries Shipyard in Mokpo and deliveries are scheduled for the first half of 2008. This order is an option ...
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Wärtsilä thruster plant for China
Wärtsilä is developing its propulsion business and is setting up a wholly owned, state-of-the-art factory for ?transverse thrusters? in Wuxi, located approximately 100 km west of Shanghai, China. The name of the company is Wärtsilä Propulsion (Wuxi) Co. Ltd and production will start in mid 2005.The company will produce LIPS ...
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FAR places AHT contracts
Farstad Supply AS, a wholly-owned subsidiary of Farstad Shipping ASA, has reached an agreement with Brevik Construction AS, a subsidiary of Aker Brevik, for the building of an anchor handling tug supply vessel for delivery in April 2006. The vessel is of design UT 712L from Rolls-Royce Marine, which also ...
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Volvo Penta expands plant in China
Volvo Penta is expanding its Chinese engine plant, resulting in an increase in production capacity to about 10,000 engines annually. The plant, located in Wuxi, about 100 kilometers west of Shanghai, is jointly owned by Volvo Penta and its Chinese partner, Wuxi Diesel Engine Works.Inaugurated in the beginning of 2000, ...
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Wärtsilä to acquire DEUTZ marine engine service business
Wärtsilä has acquired the assets of the DEUTZ AG's medium and large marine engine service business for a price of EUR 115 million, including fast moving spare parts stock.The business consists of original spare parts sales, repair and maintenance for DEUTZ medium and large marine diesel engines. This portfolio covers ...
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Wärtsilä joins AARC
Wärtsilä will take part in the newly formed Aker Arctic Technology Inc (AARC) with a 12.5% stake. The company is a subsidiary of Aker Finnyards and commenced operations on 1 January this year. ABB and Aker Kvaerner Engineering and Technology AS are the other owners. AARC will continue the activity ...
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Mipo gets German bounty
Hyundai Mipo Dockyard in South Korea has secured an order for six 1,800TEU container ships from Reederei Claus-Peter Offen in Germany at a price of $235.5 million. The new order attaches 14 more options bringing the total contract value to about $800 million. The first ship will be delivered in ...
