Latest News – Page 759
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Pipavav suffers cancellations
Golden Ocean has cancelled orders for two 75,000 DWT Panamaxes at the Pipavav Shipyard in India due to construction delays. Chief executive Herman Billung confirmed the company has cancelled the two Panamaxes due to "huge delivery slippages". He also indicated that Golden Ocean may cancel further orders for four similar-size ...
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Japan starts aid for ship exports
Japan is providing financial support to shore up slumping vessel exports amid flagging demand from ship owners. The government-affiliated Japan Bank for International Cooperation signed a general agreement for arranging an export credit line for ships, worth up to $113 million, with Turkiye Is Bankasi.JBIC said that the credit line ...
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Second attempt to privatise Croatian shipyards
Croatia plans to make another attempt to sell off five shipyards in January next year after the previous tender failed. The country must privatize the shipbuilders and stop subsidies if it wants to join the European Union, but it rejected two bids it received for two of the yards in ...
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Ecospec to host joint press conference at COP15
Ecospec Global Technology Pte Ltd ("Ecospec") is making headways in helping both onshore and marine industries to tackle emissions issues with a series of corporate activities taking place at COP15 in Copenhagen. These include a press conference and a combined signing ceremony with several leading overseas companies from Asia and ...
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EU launches CCS demo projects at DNV
The European Commission recently held the preparatory meeting for its new knowledge-sharing network of carbon capture and storage (CCS) demonstration projects. The meeting gathered delegates from 22 projects in 13 European countries. The network, which is set up to speed up the process towards full-scale industry implementation of CCS technology, ...
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Plan to build eco-friendly ships in Hull
Shipbuilding in Hull could be boosted by plans to construct a fleet of eco-friendly ships. Discussions are underway between Hull-based shipbuilder MMS Ship Repair and a Northern Ireland-based firm over a major project to construct 50 vessels which could create 1000 jobs. The 3,000 DWT ships would be powered by ...
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British research scheme tackles shipping emissions
A new initiative has been launched by the Engineering and Physical Sciences Research Council (EPSRC) to study both ways to tackle the problem of emissions created by the global shipping industry and the effect new legislation will have on the UK?s shipping industry, a substantial employer with over 200,000 people ...
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FKAB designs LNG feeder carrier
The FKAB L2 is a 16,500 m3 LNG vessel design primarily for regional distribution of LNG. In combination with the FKAB L1 design, presented in June 2009, the FKAB L2 design is FKAB's contribution to the development of an efficient and sustainable sea-based regional and local distribution system for LNG.In ...
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North P&I club starts major HQ expansion
The ?A? rated, 100 million GT North of England P&I club starts a major 18 month construction project today, expanding its freehold headquarters building in Newcastle-upon-Tyne by over 50%. The first stage involves relocating all staff and equipment across the River Tyne to temporary office accommodation in Gateshead.The expansion scheme ...
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Indian Navy voices concern at slow shipbuilding pace
Addressing the annual Navy Day news conference in India, Adm. Nirmal Verma, India's Navy chief, said, "We need to revisit the building strategies of the defence shipyards. There is a need to do much more. Construction schedule is where our shipyards lag. The reason for delays is the basic method ...
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China's shipbuilders should delay bid to be number one
China should delay its bid to pass South Korea as the world?s biggest shipbuilder to prevent a flood of new vessels prolonging and extending industry wide losses, said Clarkson Plc?s managing director Martin Stopford. "This sort of target really should be put aside for the time being," he said in ...
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NASCO delivers Sunshine State
The San Diego-based shipbuilder NASSCO, a wholly owned subsidiary of General Dynamics, has delivered the third ship of its State-class of product carriers to American Petroleum Tankers, LLC, a joint venture of the Blackstone Group. The ship is named Sunshine State, the state nickname of Florida.NASSCO began constructing the Sunshine ...
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Daewoo wins German order for wind turbine vessels
South Korea's Daewoo Shipbuilding & Marine Engineering has won a $300 million order from a unit of German utility firm RWE Innogy to build two wind turbine installation vessels. The two vessels are slated for delivery at the end of 2011. RWE is said to be pursuing plans for offshore ...
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IRS and SCM sign bilateral agreement of collaboration
International Register of Shipping (IRS) has signed another international bilateral agreement of collaboration, reinforcing its commitment to promoting the highest standards in the maritime industry.The agreement with Ships Classification Malaysia (SCM) will enhance safety and security in navigation and help prevent marine pollution, as well as promote technical and educational ...
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Intertanko calls for action on piracy off West Africa
Intertanko is shocked and appalled by the report of the Chief Officer who lost his life during a pirate attack on the tanker Cancale Star off Cotonou on 24 November. The association notes with deep concern the continuing violent piracy activity in the Gulf of Guinea, particularly off Nigeria and ...
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STX Engine wins order for diesel engines
STX Engine has secured a 52.3 billion won ($45.3 million) order to supply eight diesel engines for Korea Coast Guard patrol ships. The deal with Hanjin Heavy Industries calls on STX Engine to deliver the engines by August 2011.STX Engine is a unit of STX Corp., a holding company which ...
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Chinese shipyards facing a capacity glut
China, the world's second- biggest shipbuilding nation, will face a capacity glut from 2011 after yards work through existing orders and shipping lines slow new orders, according to a government official. Insufficient demand will be a 'major problem' for as long as three years, Zhu Hongren, the Ministry of Industry ...
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Havyard PSV to be delivered
This Saturday, the fourth Havyard 832 CD PSV designed by Havyard Design AS will be ready for her naming ceremony in Bergen, Norway. The vessel is Havyard Leirvik AS? Yard No. 104 and will be named Havila Her?y. The owner is Havila Shipping Pte. Ltd.The 4,000 DWT newbuilding is entering ...
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MOL completes concept for new-generation ferry
Mitsui O.S.K. Lines, Ltd. (MOL) announced the completion of the concept for its second in a series of next-generation vessels, which will be technically practical in the near future. The vessel is an environment-friendly ferry that can transport both cargo and passengers (ISHIN-II) and maximizes advancement of technologies already developed ...
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LCS 2 completes acceptance trials
The future USS Independence (LCS 2) successfully completed acceptance trials this week after completing a series of graded in-port and underway demonstrations for the United States Navy's Board of Inspection and Survey (INSURV). Acceptance Trials are the first opportunity for INSURV to test the ship and its systems. During two ...
