Latest News – Page 768
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News
A first for NYK Shipmanagement
NYK Shipmanagement Singapore is taking competence management to new heights after it recently became the first Asian ship manager to be certified in accordance with the DNV standard for competence management system. The NYK competence management system is based on a set of officer competence standards in compliance with specifications ...
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New Chinese engine licence agreement signed
Wärtsilä Corporation and Zhuhai Yuchai Marine Power Co Ltd, a subsidiary of Guangxi Yuchai Machinery Group Co Ltd, have jointly signed a licence agreement for the manufacture and sale of Wärtsilä RT-flex low-speed marine diesel engines by Zhuhai Yuchai Marine Power in China. The agreement grants Zhuhai Yuchai Marine Power ...
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NewsNew turbocharger for MAN range
The first TCA33 in MAN Diesel's Augsburg plantMAN Diesel?s Turbocharger Business Unit has announced the introduction of a new product to extend its existing TCA range of axial turbochargers. The TCA33 has been specifically designed to meet the needs of the MAN Diesel V28/33D engine, based on two turbochargers being ...
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NewsShipbuilding report says bulk carrier fleet will grow
Bulk carriers - a growth sector?A new report, released by Lloyd?s Register - Fairplay Research, predicts that the world?s dry bulk carrier fleet will continue to show strong growth over the next five years, spurred largely by surging demand for iron ore and metallurgical coal to feed China?s undiminished appetite ...
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GL backs condition-based monitoring
According to Germanischer Lloyd, maintenance costs represent nearly 20% of all shipping operational costs. Independent sources say that expenditure on repairs and maintenance has increased lately across all vessel categories. In respect to repairs and maintenance there are significant variations in the cost movements experienced within individual vessel categories. The ...
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EU ship evacuation survey underway
An EU-funded program of research, led by BMT Group, is evaluating the effectiveness of ship evacuation models. Named Safeguard, the project is addressing requirements recently highlighted by the IMO Fire Protection Sub-Committee, which specify the need for more information on additional ways of evacuating a vessel during an emergency.Currently the ...
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Uprated MAN Diesel V28/33D Tier-II engine launched
The new version of MAN Diesel's 28/33D engine boasts an improved design and is available in 12-, 16- and 20-cylinder versions, with respective power outputs of 5,460, 7,280 and 9,100 kW. With a 10% overload possible for one hour every six hours, these outputs rise to 6,000, 8,000 and 10,000 ...
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Only the fittest shipbuilders to survive downturn
Headquartered in Germany, DVB Bank AG predicts that the next several years will be tough for shipbuilders across the world and only the fittest would survive. Geir Sjurseth, the managing director and global head of offshore for the lender that specializes in transport finance, said majority of the maritime companies ...
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Carnival time for Korean shipbuilders
Brazil's state-owned oil company Petrobras recently met with South Korean shipbuilding-related delegate, comprising Kim Tae-ho, the governor of South Gyungsang province and officials from four shipbuilders in the province, in Rio de Janeiro and disclosed its massive drillship newbuilding plan. Petrobras vice-president Duque said the company intends to officially announce ...
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Bergen terminates Russian contracts
The two Russian-owned shipping companies Aqueda Shipping Limited and Mariora Shipping Limited have not achieved funding for the construction of two advanced trawlers within the time that was agreed in the contract with Bergen Group's subsidiary Bergen Group BMV. Deliveries of the two trawlers were estimated at the end of ...
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CSBC takes hard line on delay requests
Taiwan's largest shipbuilder CSBC Corp said it would take a harder stance toward shipowners seeking to delay deliveries. CSBC was hard hit by newbuilding delivery delays in the first seven months this year.Compatriot container line Yang Ming Marine pushed back the delivery of 14 boxships by six months to 15 ...
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SLS may suffer more cancellations
South Korea's SLS Shipbuilding could suffer a further blow to its orderbook if Stolt-Nielsen decides to cancel its remaining two 44,000-dwt chemical tankers on order due to continued delays in construction of the vessels. The Norwegian shipowner, which has already axed the first two ships of the series, says the ...
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NewsHamworthy acquires Krystallon
Krystallon's first scrubber installation, on a P&O ferryHamworthy, which specialises in the design and manufacture of innovative marine, onshore and offshore fluid handling systems, recently announced that it has completed the acquisition of the business and assets of Krystallon Limited (Krystallon) for a cash consideration of £950,000 payable immediately plus ...
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STX wins order for eco-friendly PSV
The Limassol-based Norwegian offshore supply company Deep Sea Supply Plc has awarded a contract to STX Europe for the design and building of a platform supply vessel. The new PSV 09 CD design, optimized for eco-drive in all weather conditions, is designed by STX Norway Offshore Design in Ålesund, Norway. ...
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Debt crisis looming for CMA CGM
CMA CGM may soon need to pay a heavy price for the aggressive expansion program it has undertaken as it seeks to reduce its estimated $5.6Bn debt burden. The French company announced last week that it has been forced to establish a committee comprising its main lending banks that will ...
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Germany guarantees Hapag-Lloyd loan
THE German government has approved, in principle, the loan guarantees of ?1.2Bn for Hapag Lloyd last week, a move that is required to ensure the continued viability of the German carrier. The loan guarantee will be used to cover 90% of the credit risk of the bank loans to be ...
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China inks Ethiopian MPP orders
Ethiopian Shipping Lines (ESL) is placing a newbuilding order at China's Taizhou Kouan Shipbuilding. Sources say the national shipping company has inked a letter of intent for a series of multipurpose (MPP) vessels at the shipyard.According to local reports, ESL is still waiting for state approval to go ahead with ...
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SeaMetric cancels heavy lift vessels
Norway's SeaMetric has cancelled the orders for two heavy transport vessels in China because construction of the vessels has suffered significant delays.SeaMetric has been building the two vessels at the China Petroleum Liaohe Equipment Company (CPLEC) shipyard since September 2007. The shipyard's ultimate owner is the state-owned China National Petroleum ...
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STX wins Belgian dredger orders
The South Korean shipbuilder has won an order for two 11,800 DWT trailing suction hopper dredger and one 6,500 DWT stone dumping vessel from two affiliates of Jan De Nul Group (JDN Group). JDN Group, headquartered in Belgium and Luxemburg, is an international dredging and maritime engineering corporation. The three ...
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Singapore backs fuel-efficient technology
Ow Chio Kiat, executive chairman of the Singapore Shipping Corporation (SSC), has signed an agreement to market a new fuel-efficient technology to 10 shipping lines for the Singapore-based Neftech.Up to 1,200 ships could eventually use this new fuel system and achieve up to $600 million a year in fuel savings ...
