Latest News – Page 767
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China to build more shipyards in Zhuhai
In a move that defies logic given the current overcapacity in the shipbuilding industry, China State Shipbuilding Corporation (CSSC), the state-owned shipbuilder, is planning a major new shipbuilding facility. CSSC plans to build a ship building and marine engineering base in the southern Chinese city of Zhuhai, Guangdong Province, with ...
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Japanese newbuilding orders sink again
Japanese export ship orders continue to decline and, for the 12th consecutive month in September on a year-on-year basis, tumbled 75.5 % to 543,500 gt, according to figures released by the Japan Ship Exporters' Association. The September figures confirmed that there is no sign yet of the long-awaited recovery in ...
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Pipavav bags a dozen OSVs
India?s largest dockyard Pipavav Shipyard has signed a contract with the Oil and Natural Gas Commission (ONGC) for construction and supply of 12 offshore supply vessels (OSVs) at a total value of about Rs 513.83 crore ($111.8 million).With its focus on oil and gas and defence sectors, Pipavav has orders ...
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Evergreen reveals ambitious expansion plans
Taiwanese shipping giant, Evergreen Marine, plans to order 100 container ships in 2010 to expand its fleet to nearly 300, the company's founder Chang Yung-fa said.The ambitious ordering plan comes as the global financial crisis is coming to an end, Chang told the United Daily News. ''Doing the shipping business ...
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Petrobras considering leasing shipyard
Brazilian state-run energy giant Petrobras is considering renting the former Ishibras shipyard in Rio de Janeiro state according to local sources.Petrobras would lease the shipyard at a cost of 4 million Brazilian reals ($2.34 million) per month for 20 years, the report said although no final decision has been made. ...
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Chinese yards face long delays in orders
Up to half of all newbuilding orders placed at Chinese yards could end up being delayed as owners try to ride out the recession, according to the government. National Development and Reform Commission deputy director Xiong Bilin said that worldwide building capacity was outstripping current poor levels of demand, with ...
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DNV joins Euro cluster of R&D projects
Clean energy is high on the international agenda and noteworthy resources are put in respective research and development. Germany, through the Federal Ministries for Transportation, Economics, Research, and Environment, has established the National Innovation Programme on Hydrogen and Fuel Cell Technologies that has a total budget of 1,4billion Euro including ...
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NewsBilge water treatment supply agreement
Wärtsilä Senitec M-series bilge water treatment unitWärtsilä and Stolt Tankers B.V. have signed an agreement whereby Wärtsilä becomes the exclusive supplier of bilge water treatment units to the Stolt-Nielsen group. The agreement ensures that newbuildings, and retrofits of existing Stolt vessels, will be fitted with Wärtsilä Senitec M-series bilge water ...
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Canadian government helps financing two flotels
Ocean Hotels in Norway has signed a $100 million loan agreement with Export Development Canada which will allow Ocean Hotels to draw up to the total amount in construction financing prior to delivery of the two 400 bed accommodation vessels. The $40 million prefunding to Davie Yards in Canada, ...
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Vinashin in trouble
Vietnamese state-owned shipbuilder Vinashin is reportedly having trouble delivering projects on schedule as the builder continues to run up huge debts. One of the builder?s subsidiaries, Nam Trieu Shipbuilding (Nasico), is complaining that Vinashin has not paid $450,000 worth of tax bills, meaning that companies under the Vinashin umbrella are ...
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Norilsk Nickel to sign tanker order
Industry reports suggest that Norilsk Nickel OJSC in Russia intends to sign a contract on building a 20,000 dwt high ice-class oil tanker by the end of this year. Nikolai Matyushenko, Deputy Head of production development department of Norilsk Nickel OJSC, said the tender results on shipyard selection will be ...
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NewsLargest thruster gains Asian order
The azimuthing propulsion unit from Berg has gained an important Asian orderBerg Propulsion has secured the first Asian reference for its Berg Azimuth Thruster (BAT), launched earlier this year, in what is also the first order to involve the product?s installation by a Chinese yard.Berg has signed a contract with ...
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New shipyard to be built in Vladivostok
Russia's United Shipbuilding Corporation and Chinese shipbuilder Yantai Raffles have signed a joint venture agreement to build a large shipyard in Vladivostok, on Russia's Pacific coast, at a cost of $200m. Yantai Raffles, founded by Singaporean Brian Cheng, was taken over recently by CIMC, the world?s largest container manufacturer. Yantai ...
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Hyundai breaks boxship order drought
A Middle East oil tanker operator has ordered the first container ship order anywhere in the world since October 2008. The state-owned Abu Dhabi National Tanker Company has placed an order for two gearless 1,060 TEU container ships with South Korea?s Hyundai Mipo Dockyard, according to London shipbroker Clarkson.This is ...
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Shipyards seek salvation in wind power
Leading Korean shipbuilders are diversifying into the wind power industry in the face of a sharp drop in new shipbuilding orders and the growing challenge from Chinese rivals. While Hyundai Heavy is hurrying to begin operation at its wind-facility plant in Korea this month, Samsung Heavy has secured a bridgehead ...
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Kongsberg DP simulator first to achieve DNV approval
Kongsberg Maritime announced that its Polaris Dynamic Positioning simulator is the first to achieve DNV approval to the stringent Class A standard. The company has also achieved DNV approval to Class A standards for its Bridge Operation simulator including class notification of DP, Ice Navigation, High Speed Craft and Tug ...
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Wärtsilä strengthens its ship design services in Brazil
The Finnish engine manufacturer, Wärtsilä, has strengthened its presence within the Brazilian maritime industry by incorporating Wärtsilä Ship Design into Wärtsilä's Brazilian operations. A full range of local engineering services will now be available to shipowners, offshore operators and shipyards in Brazil. Customers will now also be able to benefit ...
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Todd wins two more car ferries
Washington State Ferries (WSF) has signed a contract with Todd Shipyards to build two 64-car ferries at a total cost of $114 million. The decision comes after the Seattle shipbuilder submitted the lone, $114m bid to build the vessels, which also have capacity for 750 passengers. The shipyard has 20 ...
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ThyssenKrupp, Abu Dhabi MAR Group in ship deal
Shipbuilder Abu Dhabi MAR Group plans to form a joint venture with Germany's ThyssenKrupp AG to design and build naval frigates and offshore patrol vessels.MAR Group said the two companies signed a memorandum of understanding on the 50-50 joint venture, to be called Blohm+Voss Naval. The deal will also give ...
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Shipbuilders to meet in Berlin
Global shipbuilding executives will meet in Berlin, Germany, at the end of October for the 18th annual JECKU Top Executive Meeting. From 28 to 30 October, the JECKU convention, an acronym of Japan, Europe, China, Korea and the United States, will see the leaders in world shipbuilding discuss the impact ...
