Latest News – Page 776
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Namura bags bulker
'K'" Line in Japan has ordered a 32,000 dwt bulker from Hakodate Dock, owned by Namura Shipbuilding. The vessel will replace the shipowner's 1996-built 24,000 dwt vessel which was sold in July. This contract is the first order placed by a Japanese shipowner since the start of the global financial ...
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Tsuneishi expands Cebu facility
Cebu-based shipbuilding firm, Tsuneishi Heavy Industries Cebu Inc. (THICI) will be hiring an additional 4,000 skilled workers in the next three months to operate its recently completed P12-billion expansion project. THICI Director Roberto Aboitiz said the additional workforce will increase total employment of the facility to around 9,000 skilled workers ...
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Japan to research hybrid propulsion
Japan's Mitsui Engineering & Shipbuilding (MES), in conjunction with Osaka University, will soon be undertaking research on a hybrid propulsion system which combines a battery unit with a diesel engine. The project also aims to reinforce the company's knowledge on electrical systems and promote recruitment as a heavy industries manufacturer ...
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Korean yard signs four tanker orders
South Korean builder 21st Century Shipbuilding has signed a letter of intent with an unnamed Asian oil exploration and development company to build four 20,000 dwt chemical tankers. The shipbuilder said that the shipowner had previously ordered and received eight 13,000 dwt tankers. Stainless steel vessels are regarded as high ...
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Cash crisis at DMHI
The Romanian president said that production at Daewoo Mangalia (DMHI) may have to stop if it does not receive a cash injection. DMHI is a joint venture shipyard between South Korea's Daewoo Shipbuilding & Marine Engineering and state-owned shipyard Santierul Naval 2 Mai. DSME has a controlling 50.99% stake in ...
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New tanker joins Hellespont
Hamburg-based Hellespont Tankers has taken delivery of the 'Hellespont Centurion', the first of a serious of eight 17,000 dwt IMO-2 chemical tankers. Hellespont Tankers will commercially manage the vessel, which has been entered into the Hamburg-based Seatramp Intermediate Tanker Pool. Technical management will be carried out by Hellespont Hammonia.Built ...
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Rongsheng invests heavily in offshore sector
Jiangsu Rongsheng Heavy Industries (JRHI), the Chinese private shipbuilder, plans to invest up to Yuan2.4bn ($352m) to build an offshore parts yard and ship design institute in Nantong. President of the yard, Chen Qiang, said the facilities would provide technical support to local shipyards, including Jiangsu Rongsheng itself. The Chinese ...
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Cido PCTCs may get cancelled
Hong Kong-based Cido Shipping is said to be looking at cancelling orders for PCTCs as it mulls options to make further cuts to its backlog of around 100 newbuildings. The shipowner reportedly wants to ditch four 2,400-car-equivalent-unit (ceu) PCTCs booked at Yamanishi Zosen of Japan which is scheduled to deliver ...
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Millionaire eyeing state-owned shipyards
Croatian millionaire Danko Koncar has reportedly confirmed he is interested in the privatization of all five state-owned shipyards. After much media speculation, Koncar confirmed his interest in an interview on Croatian National Television (HRT). If he is able to buy the shipyards, he said, he would continue their main service ...
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TAS aiming for top spot
The Malaysian shipbuilder Tuong Aik Shipyard Sdn Bhd (TAS) aims to be one of the top shipbuilders in South East Asia within the next few years. Having begun as a small supplier of marine coatings and provider of shipping services in 1977, TAS is now an export-oriented shipbuilder, serving international ...
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Brazil orders local bulker pair
Brazilian shipowner Log-In Logistica has placed an order at compatriot shipbuilder Estaleiro Ilha (Eisa) for a pair of 80,000 dwt bulkers. The shipowner says it is investing $165m in the newbuildings which will receive 90% financing from the government Merchant Marine Fund. Under the 25-year contract of affreightment, Log-In will ...
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Chinese yard delays newbuilds
Jiangsu Yangzijiang Shipbuilding recently revealed in its financial statement for the first half of 2009 that it has agreed to postpone delivery dates for 18 newbuildings for maximum of two years, and also agreed to review prices on eight newbuildings. Change in delivery schedule will be from five months up ...
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GL presents new OSV rules
The current status of new class rules and complementary solutions for safer operation of offshore service vessels (OSVs) were presented by Germanischer Lloyd's Helge Rathje at the 3rd International Conference on Technology & Operation of Offshore Support Vessels in Singapore. "Our aim is to formulate a set of new rules ...
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NewsKeppel wins two-tug order
A Keppel-built 45 tonne ASD tugKeppel Nantong Shipyard in China has received an order to build two 45-ton bollard pull twin-screw Azimuth Stern Drive (ASD) tugs from Keppel Smit Towage Pte Ltd (KST). These vessels will be built to Keppel O&M?s proprietary design, developed by its technology unit, Marine Technology ...
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Newbuild prices drop despite rise in steel
According to Lloyds List, analysts believe the price of Chinese newbuildings will continue to decline in the second half of this year despite a 33% surge in the country's steel price between April and June. The China Iron and Steel Association earlier reported that the country's 71 large and medium ...
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Odense yard discontinues shipbuilding
Historically, Odense Steel Shipyard (Lind?) has had a very special role in the A.P. Moller - Maersk Group.Due to the expansion of shipbuilding capacity in low cost countries in the Far East and most recently with China?s determined endeavours of becoming the world?s largest shipbuilding nation, the competitive situation for ...
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Nakilat Damen JV to build ships
Nakilat, the Qatar Gas Transport Company, plans to start building commercial and leisure vessels in the first half of next year in a venture with Damen Shipyards Group BN of the Netherlands. The LNG shipper is seeking to expand its revenue sources and the venture, in which QatarGas will have ...
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Largest drydock opens
A shipyard that has laid claim to be the largest in the world in terms of physical size began operation at Changxing Island in Dalian, a coastal city in northern China. STX (Dalian) Shipbuilding Co, a subsidiary of the STX Group in Korea, and the investor of the project, said ...
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Edison Chouest plans new PSV design
The Louisiana-based Edison Chouest Offshore plans to design and build a series of twelve 91m, 5,300 dwt deepwater diesel-electric platform supply vessels (PSVs). Currently Chouest is building twelve PSVs based on its previous 85m design, which are scheduled to be delivered through the second quarter of 2010. Upon the delivery ...
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Croat shipyards sale attracts wide interest
A tender for the sale of Croatia's state-owned shipyards has already attracted firm interest at home and abroad following the recent issue of an international tender for the sale of six shipyards. Their privatisation is a key condition for progress in entry talks for the European Union.So far, two to ...
