Latest News – Page 1123
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Turnkey contracts dominate diesel electric market
Increasingly, yards are turning to single-source `turnkey` contractors for diesel electric propulsion machinery, say manufacturers. Vendors are assuming responsibility not just for the supply and installation of propulsion and power generation equipment such as prime movers, converters and motors, but also associated equipment such as dynamic positioning systems. Cruise ...
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Increasing the competitiveness of ships
Many ships are not operating at the most profitable propulsion conditions, due to problems checking the service speed and fuel consumption, argues Torben Munk. In today`s economic environment, the competitiveness of a ship is dictated by the service speed and fuel consumption. It is obvious that the income of a ...
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Euro yards talk tough on Korea
Representatives of Europe`s shipyards are demanding urgent action by the EU to protect them from what they claim are unfair practices in Korea, and claim that protective measures - such as a European Jone`s Act, Gibbons Bill, or a Title XI loan guarantee scheme - will have to be enforced ...
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Owners weather the storm
The German-owned fleet (1,737 vessels totalling 26.1 million dwt) is the world`s seventh biggest, but includes by far the largest capacity of container ships - over 21 per cent of the world`s total TEU capacity. Equally impressive is that the average age of the container ship fleet is under three ...
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Coming together with technology
As yards move into the next Millennium the desire of shipbuilders - faced with an increasingly competitive market - is to increase efficiency and productivity. One prime aspect that will need attention is the prospect of developing separate CAD systems into fully integrated management systems. Many shipyards currently employ a ...
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The proving ground
The 900 passenger, 96m Incat wavepiercer Avemar, delivered to Buquebus Espana SA at the end of August, is the first of Incat`s Evolution 10 class. Incat`s ten years` experience of building wavepiercing catamarans has produced a bigger, faster vessel capable of carrying a full freight mix. Several new features allow ...
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CMN goes offshore
Marking an important diversification away from its traditional focus on building sophisticated military craft, the Cherbourg yard Constructions Mecaniques de Normandie (CMN) delivered the multi-purpose offshore supply vessel, Kiesse, on September 7 this year. The owner, Sonasurf, is a joint venture between Sonangol, the national oil company of Angola, and ...
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Repair show still growing
This year`s ShipRepair & Conversion exhibition takes place at Olympia on November 10-11. Organisers report another increase in the number of companies exhibiting at the show, which covers two floors of Hall 2 at the central London exhibition centre. Visitors will be able to meet shipyards and suppliers from all ...
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Epirb fails sinking ship
An epirb which failed to function has raised concerns with Canadian Coast Guard. The failure came to light in a report into the search and rescue operation following the loss of Flare which sank in January 1998. The report says that for unknown reasons the 406 ...
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Scandlines prosecuted for scrapping
Danish ferry operator Scandlines is facing prosecution for exporting toxic waste in December 1997 when it sold the ferry Knuds Hoved for scrapping in Mumbai, India. The 1960s-built ferry contained asbestos when it was exported - a move which contravenes the Basle Convention. The Basle Convention ...
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Bulker losses rise
According to dry bulk carrier owners association Intercargo there were 19 bulk carriers lost in 1998 - the highest total since 1991, and up from 12 in 1997. Eight were Actual Total Losses and other eleven were Constructive Total losses while the average age was 24 years. ...
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Samsung
Samsung Heavy Industries says sales this year will reach $3.1 billion (shipbuilding accounts for 71 per cent) and net profits will almost double to $130 million. The company is pointing to a rise in newbuilding prices and recovering world trade to predict a good future for the Koje yard which ...
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Daewoo orders
Having completed its debt-for-equity deal Daewoo Heavy Industries (DHI) is now 56 per cent owned by the Korea Development Bank and the Export-Import Bank of Korea (EIBK) with the remaining shares owned by individuals via the stock market. Daewoo borrows 70 per cent of the newbuilding cost from ...
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Japan scoop orders
In September Japanese yards took orders for 38 ships (including 33 bulkers) totalling 1,350,000g bringing the total to 133 (4.8 million gross) since April. Order levels are running at twice the rate of last year with the latest orders taking the backlog to 389 vessels - up from ...
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Claims analysed
Analysis of claims over a ten- year period by the UK P&I Club showed that two per cent of the claims account for 72 per cent of the costs incurred. The analysis of over 3,700 claims above $100,000 in ten years to the end of 1997 showed that 40 ...
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European orders for Hyundai Mipo
In the last month, Hyundai Mipo Shipyard in Korea has won orders for newbuildings from Italy and France. Navigazione Montanari in Italy has ordered a pair of 35,000 dwt chemical carriers from the yard for delivery in 2001, while French offshore contractor Coflexip Stena Offshore has selected the yard to ...
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Irish ferries for Finnish yard
Aker Finnyards is to build what it is claimed will be the largest ropax ferry in the world when it is delivered to Irish Ferries in early 2001. The order for the newbuilding also includes an option for a second vessel, which is slated for delivery by January 2002. With ...
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German yard for NCL cruise ship
Lloyd Werft in Bremerhaven is to build a 2,000 passenger cruise ship for Norwegian Cruise Line (NCL). Due for delivery in September 2001, the newbuilding will be of similar design to NCL`s Norwegian Sky. A second ship is the subject of an option in the contract. NCL says that in ...
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F-Ships ships ordered in Poland
Bylock & Nordsjofrakt (B&N) in Sweden and Palkkiyhtyma in Finland have ordered a pair of 14,800 dwt roll-on roll-off/lift-off (roro/lolo) vessels from Stocznia Gdynia in Poland. Along with Finncarriers, B&N and its Finnish counterpart operate the F-Ships pool joint venture, carrying forest products and bulk cargoes across the North Atlantic. ...
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VLCCs for HHI
Overseas Shipholding Group (OSG) has confirmed an order for two more 308,700 dwt VLCCs with Hyundai Heavy Industries (HHI) in Korea. OSG - which now has a total of eight vessels on order, including two more VLCCs due to be delivered next year, and four Aframax tankers - continues to ...
