Latest News – Page 785
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News
Samsung-Dohle/CSAV order talks ongoing
Negotiations between Samsung Heavy Industries and shipowners Compania Sud Americana Vapores of Chile and German owner Peter Dohle surrounding orders for 12 mega-boxships have yet to reach a conclusion. An SHI source said, "The negotiations are very complex but I can tell you nothing has been agreed." The source was ...
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China eying bigger share of shipbuilding
China's government is seeking to expand its share of the global shipbuilding industry to more than 35% by 2011, aiming to raise production to 50 million tonnes by then. The plan includes government support for qualified companies pursuing listings and issuing bonds. The cabinet also said it would expedite the ...
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Interest in offshore conversion work rising
There has been a resurgence of interest in conversion work as companies look at offshore units again. According to Drydocks World executive chairman Geoff Taylor, the company has seen increased interest in offshore conversion projects and other offshore work as oil prices continue to rise.Taylor said that there has been ...
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Indian shipowners cut expansion plans
Reuters reported that Indian shippers are cutting their acquisition plans and buying vessels in the second hand market instead of placing new orders as overseas funding, their biggest source of financing, dries up. Varun Shipping has slashed its acquisition budget this year by three quarters to $100 million and will ...
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Chinese shipyards loosing steam
According to a report issued by China Association of the National Shipbuilding Industry (CANSI), China's shipyards continue to scrape along with continuing declines in new business and growing risk of cancelled orders. The industry began losing steam in the second half of 2008 and business in the first four months ...
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Sustainable Shipping nominees announced
The companies and individuals shortlisted for the inaugural Sustainable Shipping awards have been announced. The awards, recognising, rewarding and celebrating those who have made significant strides in positively tackling increasingly vital environmental issues in shipping, will be presented in London on 15 July, at an event timed to coincide with ...
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Mechanical drives can now be converted to diesel-electric
Rolls-Royce, power electric systems division (formerly known as Scandinavian Electrical Systems) has developed a system for converting old diesel mechanical systems into more efficient electrical propulsion Suitable for platform supply ships, coastal vessels and offshore patrol boats that operate at low speeds or in standby mode, the system reduces the ...
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Wärtsilä opens new facilities in Mexico
Wärtsilä has opened a new office and workshop complex in Mexico, in the city of Veracruz, which is the largest container shipping port in the country and is home to the Mexican Merchant Marine Academy. The new facilities will further expand Wärtsilä's offering in all market segments, especially in the ...
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Wave piercing technology for the offshore market
Wave piercing technology is a well-proven concept for high-speed catamarans and trimarans. Now, at NorShipping, Rolls-Royce says that it is bringing the benefits of this to the offshore market, with the new UT 790 CD vessel design.Rolls-Royce Chief Design Manager ? Offshore Svein Kleven said: "With the UT 790 CD, ...
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How to make ships more efficient?
This was the key question posed by Germanischer Lloyd (GL) at the Nor-Shipping fair in Oslo. At a press conference, the classification society and technical assurance and consulting company described its latest green initiatives, current market developments and new design and fuel-saving options."Reducing the environmental impact of shipping in order ...
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First examples ordered of new thruster
Berg Propulsion has signed a contract with Dubai Shipbuilding and Engineering to deliver the first two production units of the Berg Propulsion Azimuth Thruster (BAT) in early 2010.The BAT is designed in-house by Berg subsidiary Berg Propulsion Technology. The design is derived from experience acquired by Berg Propulsion with its ...
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Dedicated integrated aft workstation for OSVs
Kongsberg Maritime has launched, at NorShipping, what it describes as an industry first, an integrated aft bridge workstation, which combines navigation, control and manoeuvring functions in one unit. The K-Master provides access to all major control systems through a new ergonomic design, intended to significantly improve safety and efficiency of ...
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NewsShip design interests merged into one
The W Tug 80, designed for 80 ton bollard pull, can attain a speed of 14.5 knots.Wärtsilä announced at NorShipping that it has merged all of its ship design units into a single entity called Wärtsilä Ship Design. The units include the recently acquired naval architecture companies Vik-Sandvik of Norway, ...
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Intertanko supports IMO GHG initiatives.
At NorShipping, tanker industry body Intertanko reinforced its support for IMO action on emissions to air, but expressed considerable concern about the EU plans to impose strict limits for sulphur emissions in advance of the IMO timetable.In a paper submitted to the MEPC, Intertanko strongly supports the ongoing development by ...
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Non-appearance by STX Europe adds fuel to speculation
Speculation continues in the industry about the state of the Korean-owned STX Europe (formerly Aker Yards) after the company pulled out of a planned pre-NorShipping press conference due to be held today (8 June) in Oslo. This follows the surprise departure of president and CEO Torstein Dale Sj?tveit last month ...
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DNV says existing fleet can cut carbon footprint by 15%
According to Det Norske Veritas, a new study shows that with minimal modifications current ships can cut their emissions to air by some 15%. Announcing the results of the study at a pre-NorShipping press conference, DNV Maritime COO Tor Svensen said the improvements can be achieved now, with present technology, ...
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China unveils shipbuilding stimulus plan
Beijing unveiled a stimulus plan to help domestic shipbuilders ride out the global financial crisis by encouraging eligible firms to list and sell bonds, and by hastening the establishment of shipbuilding-focused investment funds.Under the three-year stimulus plan, the government will ask financial institutions to give credit support to shipbuilders affected ...
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NASSCO lays keel of fourth product carrier
General Dynamics NASSCO, a wholly-owned subsidiary of General Dynamics, has laid the keel of the fourth ship of its State-class product carriers. The ship will be named Empire State.NASSCO began constructing the Empire State last January. The ship will be double-hulled and have a cargo capacity of approximately 331,000 barrels. ...
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MIDI preferred bidder for Maltese yacht yard
The Midi consortium is expected to be named the preferred bidder for the Manoel Island Yacht Yard according to The Malta Business Weekly. This particular business unit of the Malta Shipyards is known to be lucrative and comprises a yacht repair yard with slipways, refit and storage facilities.Another two consortia ...
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DSME breaks order drought
Daewoo Shipbuilding & Marine Engineering Co. (DSME) has won a $45 million order to build a small-sized barge ship, its first shipbuilding order of the year. The deal with a Dutch company calls on DSME to deliver the vessel by the end of 2010, the company said in a statement. ...
