Latest News – Page 784
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NewsGE to explore hybrid power systems for USN
The GE LM2500 gas turbine, at the heart of the proposed hybrid propulsion systemGE Marine was recently awarded a contract by the U.S. Navy for ONR?s DDG 51 Fuel Efficient and Power Dense Demonstrator competition. "This project will develop and demonstrate the technology necessary to enable substantial annual fuel savings ...
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Fulcrum offers Iridium-based LRIT
Fulcrum Maritime Systems is now offering Long-Range Identification and Tracking (LRIT) services through the Iridium satellite network.Fulcrum operates the LRIT national data centers and acts as the recognized LRIT Application Service Provider (ASP) for several major maritime flag states, including the Bahamas and Japan. In addition, 46 flag states have ...
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Samsung bidding for LNG-FPSO
Samsung Heavy Industries said on 16 June in a regulatory filing that it "is participating in the bidding process for Royal Dutch Shell's LNG-FPSO construction project but the result is yet to be announced." The statement said Samsung Heavy has set up a consortium with a French engineering company and ...
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STX rebuffs dumping criticism
STX Offshore & Shipbuilding's recent order-intake for the construction of eight 50,400-dwt tankers (options for four units included), worth $340m ($42.5m per ship), has caused price controversy. Jo In-gab, Lee Jong-hwan, researchers with Shinhan Securities, said, "STX O&S has won the orders at the newbuilding price in line with current ...
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Havyard secures AHTS order
The Havyard Group, Norway, has signed a contract with Smart Shipinvest to build a Havyard 848 SMART AHTS with an option for one additional vessel. The first vessel will be delivered in the fourth quarter of 2011 while the option vessel would have a delivery date in the second quarter ...
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Propulsion orders at Seawork
A major order of propulsion systems for rigid inflatable boats (RIBs) for an unnamed European military organisation was announced at Mercator Media's Seawork exhibition.The orders come as a result of a contract placed with Liverpool, UK, based MST for 48 boats. 31 of the boats will be powered by twin ...
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Daewoo bids for Indonesian submarine contract
South Korean shipbuilder Daewoo International said that it would participate in the bid to build two diesel-powered submarines for the Indonesian Navy. Daewoo said it would submit specifications to supply two 1,400-tonne Type-209 submarines in a potential contract worth $1.2 billion. The submarine?s hulls each cost $350 million and will ...
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First LCS completes acceptance trials
The US Navy's first Littoral Combat Ship (LCS), USS Freedom (LCS 1), successfully conducted its second and final round of acceptance trials last month. The 378-foot Freedom, designed and built by a Lockheed Martin-led industry team, conducted the acceptance trials off the Virginia coast. The trials, which were a coordinated ...
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ThyssenKrupp to slash jobs in Kiel and Emden
Germany?s largest shipbuilding group, ThyssenKrupp Marine Systems, part of steel giant ThyssenKrupp, is axing 450 jobs at its facilities in Kiel and Emden. A TKMS spokesperson confirmed that the group wants to cut 200 of 2,400 jobs at HDW shipyard in Kiel by March 2010. At Emden-based Nordseewerke 250 of ...
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Hegemann applies for guarantees
German shipbuilding group Hegemann has applied for state guarantees of Euro 9m ($12.6m) to secure the financing of an order. A spokesman for the finance ministry of Mecklenburg-Western Pomerania said that the committee in charge had already discussed additional state help for the shipbuilder but had deferred a decision. Bremen-based ...
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SSW ends shipbuilding
Bankrupt SSW Schichau Seebeck Shipyard in Bremerhaven will no longer build new vessels. A creditors? meeting on Monday agreed to a plan presented by a group of investors to convert the yard into a maritime business park. The shipyard filed for bankruptcy in January 2009 with massive debts. The owners ...
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Brodosplit wins fruit-juice carrier
Croatian shipyard Brodosplit has won another newbuilding order from French ferry operator CMN for a fruit-juice carrier. Last year, the yard secured a contract for a ro-pax from the same owner. No price was disclosed. "The ship is contracted in euro, thus minimising possible fluctuations in US dollar exchange rate," ...
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Tsuji transfers marine equipment business
Tsuji Heavy Industries, now under corporate rehabilitation procedures, will transfer its marine equipment business to a company newly established by Oshima Shipbuilding, effective on 1 July. Oshima has set up a 100%-invested subsidiary Ainoura Machinery, based in Sasebo city and capitalized at Y300 million ($3m). Upon receiving permission from the ...
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New services package for ship lay-ups
Wärtsilä has introduced a new, comprehensive package of services, designed to cost efficiently manage hot and cold vessel lay-ups. Reduced transportation demand, over-capacity, and low freight and charter rates have become a major concern throughout the marine industry. The laying-up of ships is one option available to ship owners ...
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Korea?s first icebreaking RV launched
South Korea's first icebreaking research vessel ?Araon' has recently been launched at Hanjin Heavy Industries & Construction shipyard in Busan City. The research vessel is expected to be used for the exploration activities in the Antarctic and accelerate the establishment of South Korea's second Antarctic institute.The newbuilding will be delivered ...
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Bergen wins construction ship
Germany's Schiffahrtskontor Altes Land is to enter the deepwater oil and gas construction market after signing a deal with Norway's Bergen Group for a new ship. SAL intends to order an advanced construction class vessel from Bergen Group's Laksevåg yard for a 2012 delivery to capitalise on rising demand for ...
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UNM liquidation confirmed
A French appeal court has confirmed the liquidation of ship repair yard Union Naval Marseille. The original March decision had been contested by UNM's workforce. Workers' spokesman Jean-Luc Guasco said the decision was "predictable". Employees are hoping to persuade Finance and Economy Ministry officials to back a plan for a ...
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Japan yards to see more cancellations
Japanese shipbuilders could yet be hit by order cancellations as the regional shipowning community based around the Seto Inland Sea prepares to pull out on verbal shipbuilding deals.The yards have been generally viewed as immune to the cancellation rush because the country's orderbook is based on firm contracting with refund ...
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STX wins MR tankers
South Korea's STX Offshore & Shipbuilding has received newbuilding orders for the construction of a total of eight 50,400 DWT tankers (options for four units included) from a European shipowner for $340m in total.
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Danaos postpones deliveries
Danaos has delayed the delivery of five 12,600 teu containerships by a year, to 2012. This brings the total number of newbuilding delivery delays worked out by John Coustas, the Athens-based containership owner, this year to 15 out of its total orderbook of 30. Danaos negotiations for delays were an ...
