Latest News – Page 763
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News
RINA publishes new lay-up guidelines
The Italian classification society RINA has published new guidelines to help shipowners identify and secure safe and cost-effective locations to lay up their ships during the current economic downturn. The guidelines cover various types of lay-up, mooring arrangements, class, insurance, flag and port authority requirements. They also set out the ...
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Vinashin suffers cancellation of order
Vinashin recently said the group was facing a financial crunch as 15% of its contracts were cancelled due to the financial crisis. The group didn?t give any details on the value of the cancelled contracts. Vinashin said it is still a new company with limited investment capital, and a lack ...
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STX wins major ore carrier order
STX Offshore & Shipbuilding in Korea has signed a single contract for the construction of eight 400,000 DWT very large ore carriers (VLOC). The contract is valued at about $879.8 million. Delivery of the eight vessels will be completed by September 2012. Although STX did not disclose the customer, it ...
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ABS named best for Middle East & Indian Subcontinent
ABS was named Best Classification Society during the recent Lloyd?s List Middle East & Indian Subcontinent Awards held in Dubai. The award ceremony is one of six regional events hosted by the industry?s daily newspaper to benchmark excellence within the maritime industry. A panel of judges from a broad spectrum ...
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Lowering shipping's carbon footprint - the Iranian version
A major international tanker operator has given detailed information on the steps it is taking in response to the shipping industry?s quest to lower greenhouse gas emissions from vessels.Iran?s NITC currently has 42 oceangoing crude oil tankers in operation totalling over 10m. dwt; these include 28 VLCCs, nine suezmax and ...
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Engine version launched specifically for diesel electric applications
Caterpillar Marine Power Systems says that its Cat 3500 engine series has been recognized as a commercial marine industry leader since its initial manufacture in the 1970s. The latest step in the evolution of the engine line is the launch of the Cat 3512C and 3516C Diesel Electric Propulsion (DEP) ...
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KDB to pick DSME adviser
Korea Development Bank (KDB), the main creditor of Daewoo Shipbuilding & Marine Engineering Co. (DSME), is planning to resume the sale of the shipyard in 2010 after selecting an adviser for the sale before the end of this year. "We want to sell a controlling stake in the shipbuilder as ...
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RINA reorganises
Genoa-based classification society RINA has rationalised its organisational structure in order to improve efficiency. In future all RINA-branded operations will be carried out through a new company, RINA Services Sp A. The holding company RINA Sp A will provide staff services and strategic direction and control all non-RINA-branded services.The reorganisation ...
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LR and International Paint complete 60th PSPC gap analysis to shipyards
Lloyd?s Register (LR) and International Paint have delivered their 60th training course aimed at bringing Chinese shipyards up to speed with the IMO's new Performance Standard for Protective Coatings (PSPC) on commercial ships. The joint initiative, which ultimately promotes safe and sustainable shipping, has in its first two years ...
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NewsGas turbine hybrid naval ship commissioned
The US Navy amphibious assault ship Makin Island, power by a hybrid propulsion systemGE Marine reports that the United States Navy commissioned its new LHD 8 ship USS Makin Island on October 24, 2009 in San Diego, California. The USS Makin Island is the first U.S. Navy amphibious assault ship ...
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Russia to construct shipyard in Arkhangelsk
Optimist LLC (Arkhangelsk) commenced construction of a shipyard complex in Arkhangelsk which is estimated will cost RUR 800 mln ($28 million) according to Neftegasexpert with reference to resources in Arkhangelsk region. The construction will take place over a period of 20 months while payback period is 7 years according to ...
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Danish study claims Bangladesh shipbuilding workers are cheapest
A study carried out by the Danish embassy in Bangladesh claims the cost of building an ocean-going ship in Bangladesh is around 15% less than in any other competing country thanks to the cheap labour there.However, low labour costs alone cannot lower overall manufacturing costs and the study said the ...
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NewsAustal USA opens new manufacturing plant
Inside Austal USA's new MMF facility in Mobile, AlabamaAustal has officially opened its new Modular Manufacturing Facility (MMF), equipping its US shipyard with the ability to build up to three 100m-plus vessels each year.Phase One of the new $88 million facility boasts 35,000m2 of manufacturing space under one roof, including ...
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Posco says no to DSME
POSCO, South Korea's leading steelmaker, is not interested in buying Daewoo Shipbuilding & Marine Engineering (DSME), its ceo said. In January this year, state-run Korea Development Bank terminated the sale of a 50.4% stake in the world's third-largest shipyard to Hanwha Group, rejecting the group's demand to revise the terms ...
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Singapore shipowner takes delivery of two OSVs
Singapore-based Eastern Navigation Group's offshore services has recently taken delivery of two new offshore vessels. The first vessel, named the 'ENA Challenger', was built at the Zhenjiang Shipyard in China and is an AHTS designed by Wärtsilä Ship to meet the demands of the oil and gas industry. This 4,770kW ...
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High oil prices may boost demand for vessels
Alphaliner had projected in March that the idle containership fleet could reach more than 4 Mteu within the next three years. That prediction was based on the expected influx of new capacity from the known orderbook at that time. The situation has changed significantly as the delivery of almost 700,000 ...
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Idle boxfleet rises to 1.4 Mteu
According to Alphaliner, the fleet of idle containerships has risen to 1.413 Mteu, or 10.9% of the total fleet as at 9 November 2009. Most of the increase over the fortnightcame from the carrier-operated fleet, with more vessels from the CKYH joining the idle ranks following the group?s rationalisation of ...
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CMA CGM takes delivery of 13,300 teu newbuilding
CMA CGM recently received the CMA CGM Christophe Colomb, first of eight ships of 13,300 teu ordered at DSME (Daewoo) in July 2007. The ship was originally planned for delivery in July.The newbuilding is assigned to the Maersk Line-CMA CGM joint Far East-Europe AE-7/FAL 7 service, in which she will ...
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ELYSEE - the last-ever Sietas boxship?
A chapter of shipbuilding history that lasted for more than 40 years closedat Hamburg. Following the delivery of the 1,421 teu Elysee last week, theJ.J. Sietas shipyard, located in the west of Hamburg on the south bank ofthe Elbe, is left without any containership on its order book. Elysee will ...
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OSD sets up in Singapore
Ijmuiden-based Offshore Ship Designers (OSD) has strengthened its global network by opening a design office in Singapore. The office will provide a local liaison point for customers building ships in Asia which were designed in the Dutch and UK offices of OSD, and also provide a local solution for design ...
