Latest News – Page 1041
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GL - classed fleet grows by 8% in 2003
The total fleet of merchant ships classed with Germanischer Lloyd (GL) increased by 8% in 2003, to 44.1 million gt. To assist with the growing workload, the classification society increased its staffing levels by almost 9%, to 2,148 employees. The fleet growth rate matches the figure the classification society had ...
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Ship investment fund booms in Korea
A mutual fund system for investing in shipping vessels was introduced last month for the first time in Korea. This fund will attract investments from individuals, secure lease vessels to shipping companies, and pay profits to investors in accordance with the Ship Investment Company Act.The first Ship Investment Company (SIC) ...
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MHI secures two more PCTCs
The Norwegian ship owner Wilh. Wilhelmsen declared options to order a fifth and sixth PCTC from Mitsubishi Heavy Industries (MHI) in Japan.The vessels will have a car carrying capacity of 6,400 cars and will cost somewhat in excess of $50 million per vessel. The six-vessel series will be delivered during ...
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WR-21 gas turbines pass test
A key testing milestone for two Rolls-Royce gas turbines for the Royal Navy?s first Type 45 destroyer has been completed. The groundbreaking WR-21 powerplants completed factory acceptance testing at French programme partner DCN?s facility at Indret. Rolls-Royce is supplying a total of 12 WR-21s to prime contractor Bae Systems for ...
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Kawasaki introduces Sea-Arrow design on all LPGs
Kawasaki Shipbuilding in Japan has decided to introduce a new bow design known as 'Sea Arrow' on all future LPG carrier newbuildings. The new bow form, which was developed in May 2002, reduces wave resistance by up to half that of a conventional bulbous bow and Kawasaki intends to emphasise ...
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Ferretti group orders MHI anti-rolling gyros
Mitsubishi Heavy Industries (MHI) has received a contract from Italian luxury yacht builder Ferretti group to supply and install 140 stabilising systems. The order is worth approximately $4.5 million with the systems to be delivered over a 2 year period. The Anti-Rolling Gyro (ARG) stabilisation system employs satelite-linked 'control moment ...
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NewsMipo names and delivers a product carrier
Hyundai Mipo Dockyard in South Korea delivered the last 47,000DWT product carrier ordered by the Russian shipping company. Named Okhta Bridge, the newbuilding?s particulars are 183.0m long, 32.20m wide, a depth of 18m and a service speed of 14.6 knots. To date, the Ulsan-based shipbuilder has delivered 8 ships this ...
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Healthy order book for STX
STX Shipbuilding in South Korea has announced new orders that include two 3,500TEU container ships plus two more options giving a total contract price of $ 171 million from Reederi Nord Klaus E. Oldendorff in Germany. Because of a 40 perscent down payment the actual unit price per vessel equates ...
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Wärtsilä's "Supplier of the Year"
Providing almost half of all bearings used in Wärtsilä machinery, Austrian company Miba AG has been chosen as the engine manufacturer?s Supplier of the Year for 2003.The reasons underlying Miba's choice are the company's strong technical expertise, its commitment to continuous development and testing of bearing materials, the ability to ...
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NewsMOL excels in sustainability and safety
The 4,500TEU Panamax containership MOL Excellence was launched last month and will officially join the MOL fleet in early June.Mitsui O.S.K. Lines, Ltd (MOL) has been selected as one of Japan?s leading companies in environmental management. The company was chosen as one of the "Green Top Runner 68" companies in ...
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New dry bulk designs extend Craig?s cooperation with Vinashin
By developing series production of a full range of modern-design bulk carriers - ranging from handysize up to capsize - at Vietnam Shipbuilding Industry Corporation (Vinashin) yards, UK-based Graig Group will build on its recent fifteen-ship order in Vietnam. Following an announcement of the Strategic Alliance formed with Vinashin last ...
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NewsKeppel divests fleet of feeder vessels
The sale of Keppel's entire fleet of 10 vessels for more than S$150 million constitutes another major divestment of the GroupThe latest major development in the Keppel Group?s divestment plans is the sale of its, entire fleet of ten feeder ships for a total cash consideration of US$90.9 million. About ...
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GSI targets handysize bulker market
Guangzhou Shipyard International in China has set its sights on the handysize bulk carrier newbuilding market. The shipbuilder plans to build 11 handysize bulk carriers and three 5,000DWT bulk carriers each year until 2007 with a profit target of eight percent.
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NewsGWS delivers 1,400TEU box ship
Named Maersk Ventspils, a 1,400TEU container ship has been delivered to L&B Shipping in Germany from Guangzhou Wenchong Shipyard in China. The vessel is 175m long, 27.4m wide and 14.3m deep with a draft of 9.5m and can sail at a speed of 19.5 knots. The Chinese shipbuilder has so ...
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Former IMO General Secretary becomes President
Former General Secretary of the IMO, Bill O'Neil, is to be the new President of UK-based maritime training company Videotel Marine International. "Bill O'Neil has done a great deal to promote the safety culture in the maritime industry, and training is an inherent part of that culture,"says Stephen Bond, managing ...
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Bow Mariner explosion kills more than twenty
An explosion on board the Singapore-flagged products tanker Bow Mariner on Sunday resulted in three crew dead and a further eighteen missing. While carrying a cargo of 11,000 tonnes of ethanol, the 39,821 dwt vessel suffered an explosion and subsequently sank about 50 nautical miles off the coast of Virginia, ...
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NewsISU warns of Spain?s ?self-defeating? place of refuge decree
The ISU says that the Spanish decree makes a repeat of the Prestige disaster more likelyAccording to the International Salvage Union (ISU), the Spanish Government?s decision to put a half billion dollar price-tag on a place of refuge for ships in distress is counter-productive and could actually increase the threat ...
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Looking toward Mecca ? Japan?s largest ever built dredger
Holland may be the obvious country for dredger newbuildings but there are a number of other shipbuilding nations where this expertise is available . Japan which is about to deliver its largest ever dredger to date. The trailer suction hopper dredger, named Mecca, is nearing completion at the Kobe shipyard ...
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The first jumbo heavy duty cutter dredgers
In December 2003, IHC Holland, the Dutch shipbuilder specialising in dredgers, officially delivered the self-propelled cutter suction dredger (SCSD) JFJ de Nul to the Belgium-based Jan de Nul Group. With a total installed power of 27,190kW, it is the most powerful of its kind in the world, exceeding by 35% ...
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Building toward even bigger success
Royal Caribbean?s fifth in series Post-Panamax precedes larger Ultra Voyager class cruise shipMariner of the Seas, the fifth cruise ship in the Voyager-class for Royal Caribbean Cruises, was delivered in October of last year. Even before then, such was the operational success of the first four ships in the series ...
