Latest News – Page 775
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New yard wins heavy lift carrier
South Korea's newly-established shipbuilder Shin An Heavy Industries has ended its orders drought and received a new contract for a heavy lift vessel from compatriot Hanjin Corporation. The 12,300 dwt newbuilding is scheduled to be delivered in the second half of 2010. The two companies also agreed to cooperate in ...
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Japanese ship orders down
Export ship orders in Japan dropped for the 10th consecutive month in July on a year-on-year basis, tumbling 63.2% to 950,820 gross tons, according to figures released by the Japan Ship Exporters' Association. The pace of decline, however, was the slowest since October last year when the global financial turmoil ...
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VLG eying Baltija Shipyard
The Lithuanian shipbuilder Western Shipyard (VLG), owned by the BLRT Group in Estonia, is considering the acquisition of the Baltija Shipyard although VLG's boss Arnoldas Sileika said that any statements on the acquisition were premature. Sileika said that Klaipeda-based VLC would wait until AP Moller-Maersk officially announces the sale of ...
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Doosan Engine breaks 60m bhp barrier
South Korea's Doosan Engine, which specializes in building vessel diesel engines, achieved 60 million bhp in aggregate production recently. This milestone was reached in world record time, just 25 years after completing the first engine in 1984. Shop testing of a 93,000bph 12K98ME-C engine was completed at Low Speed Assembly ...
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Transpetro issues LPG tender
Brazil's Transpetro, the shipping arm of Petrobras, is inviting 19 shipbuilders, including nine foreign companies, to bid on a contract for eight LPG carrier newbuildings. The vessels include four 7,300-cbm gas ships originally slated to be built at southern Brazil's Itajai shipyard. Earlier this month, the company cancelled the order ...
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Navios acquires Cape pair
The Greek shipping company Navios Maritime Holdings Inc. announced that it has reached an agreement to acquire two 180,000 dwt Capesize vessels, currently under construction at the same South Korean Shipyard, to be delivered in the second half of 2010.Angeliki Frangou, chairman and ceo of Navios Holdings stated, "This transaction ...
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First Iranian-built boxship to be launched
The first Iranian-built ocean vessel named 'Iran-Arak' is ready to be launched according to local press reports. The 2,200 TEU container carrier is 185 m long, 30 m wide and has a deadweight of over 30,000 tonnes. It has been built at the Iran Shipbuilding and Offshore Industries Company (ISOICO) ...
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DDW-SEA delivers five vessels
Drydocks World ? Southeast Asia Pte. Limited (DDW-SEA), the Southeast Asian subsidiary of Drydocks World, has delivered five vessels. These are Endeavor, Greatship Ahalya, Mermaid Vision and Ark Dartmoor from their Drydocks World ? Nanindah yard and Armada Tuah 104 from their Drydocks World ? Pertama yard.The Endeavor, a fully ...
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Last chance for Polish shipyards
A ray of hope emerged Tuesday for two struggling Polish shipyards as the government said Qatar's national investment fund could step in after the failure of their sale to Qatari investors. "I received an official letter from the Qatar Investment Authority concerning the launch of moves that could lead the ...
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Liberian Registry produces best-practice anti-piracy program
The Liberian Registry has taken a lead in the fight against piracy by producing an innovative computer-based program specifically designed to train seafarers and company security officers in the practices necessary to avoid, deter or delay acts of piracy. The decision to produce the Best Management Practice (BMP) program was ...
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Revolutionary new process eradicates norovirus
The cruise ship 'Marco Polo', whose round-Britain cruise had to be cancelled because hundreds of passengers became ill with the vomiting bug Norovirus, has been totally disinfected by SitexOrbis' revolutionary infection control fogging service in just 5 hours at Tilbury docks near London. During that time 375 rooms on 11 ...
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Order cancellations hit 40%
The storm of order cancellations is sweeping over the global shipbuilding industry in the wake of the financial crisis, particularly in South Korea. According to unofficial statistics from China Association of National Shipbuilding Industry (CANSI)'s Economic Research Center, newbuilding orders for a total of around 220 ships have been cancelled ...
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'Athenian Victory' largest GL-classed tanker
The naming ceremony for the VLCC "Athenian Victory" took place on 19 August at the world's largest shipyard Hyundai Heavy Industries in Ulsan, Korea. The delivery to its owner, the Greek shipping company Athenian Sea Carriers, is scheduled for the 27 August. The vessel with the hull number 2002 is ...
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MARAD announces shipyard grants
The US Department of Transportation announced 70 grants totalling $98 million in American Recovery and Reinvestment Act (ARRA) funds that will be used to improve small shipyards throughout the United States. The funds, awarded through the Maritime Administration's Assistance to Small Shipyards program, will, says DOT, help create and preserve ...
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Jaya in trouble
Singapore offshore vessel builder and operator Jaya Holdings says it is in the process rationalising its newbuilding program by delaying and cancelling newbuilding orders because of cash-flow problems. The shipbuilder is undergoing a restructuring program for its newbuilding program, which required $482.4m in capital as of the middle of last ...
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German yards for sale?
Newspapers in Germany last week speculated that the three Blohm + Voss shipyards, part of ThyssenKrupp Marine Systems (TKMS) in Germany, could be up for sale following reports that negotiations are in progress. THMS said it would not comment on the content or purposes of the talks but confirmed it ...
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Cebu shipyard expanded
Tsuneishi Heavy Industries? shipyard in Cebu (THICI), the Philippines, has recently completed a $250,000 expansion project to build a fourth slipway. This will enable the shipbuilder to construct bulk carriers up to 190,000 dwt and increase its annual building capacity from 14 to 22 by 2011.THICI director Roberto Aboitiz said ...
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China books more bulkers
Hantong Ship Heavy Industry (HSHI), located in Jiangsu Province, has become the latest Chinese shipbuilder to win a clutch of newbuilding contracts, with an order for seven bulk carriers worth around 1.4bn yuan ($205m). Following the recent drought of orders, Chinese yards have seen a significant improvement in new business ...
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Iran orders a dozen
The National Iranian Tanker Co (NITC) confirmed it will order 12 VLCCs in China on the strength of guarantees from China's export-import bank. Brokers reportedly claim that NITC will build six vessels at Shanghai Waigaoqiao Shipbuilding and six at a second yard that has not been identified, but is probably ...
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Ro-Ro order for Dae Sun
South Korean shipbuilder Dae Sun Shipbuilding & Engineering recently won a contract with a compatriot shipowner to build a new Ro-Ro vessel. This is Dae Sun's first newbuilding order in twelve months and is slated for delivery in October 2010.The $16 m newbuilding will be deployed in the shipment of ...
