Latest News – Page 790
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Laskaridis eyeing bulk carrier cancellation
Greek owner Laskaridis Shipping appears to be eyeing the possibility of cancelling its order for seven 75,000 DWT bulkers it placed earlier with emerging Chinese shipyard Penglai Zhongbai Jinglu Ship Industry. The potential cancellation has been prompted by to the high probability of seller's default, wherein Jinglu would be unable ...
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Kockums-USC in GRP cooperation
Kockums, the Swedish subsidiary of ThyssenKrupp Marine Systems, has signed a licensing agreement with the Japanese shipyard Universal Shipbuilding Corporation (USC). The licensing agreement gives USC the right to use Kockums' GRP-sandwich technology in the production of hull structures for mine countermeasure vessels (MCMVs). USC has a long tradition in ...
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Putin decrees placing orders at foreign shipyards unacceptable
It is unacceptable to place orders at foreign shipyards if similar ships can be built in Russia according to the press center of RF Government citing RF Prime Minister Vladimir Putin as saying at the meeting dedicated to the problems of Russia's shipbuilding industry. "Unfortunately there is such a practice. ...
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Qatar eyes Gdynia shipyard
Qatar investor wants to buy the historic Gdynia shipyard in Poland according to a report in the Polska newspaper. The investor is thought to be Qatar Investment Authority QIA), which is interested in using the Gdynia shipyard to build ships for gas transport.QIA is the only one on a list ...
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ST Engineering's Marine signs MOUs with DCNS and Kockums
Singapore Technologies Engineering Ltd (ST Engineering) today announced that its marine arm, Singapore Technologies Marine Ltd (ST Marine) has signed two separate Memoranda of Understanding (MOU) with French defence powerhouse, DCNS, as well as Swedish submarine experts, Kockums AB.The MOU between ST Marine and DCNS sets down the target date ...
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Some container lines may go under
Container shipping faces a long recession that will force some lines out of business, AP Moller-Maersk chief executive Nils Andersen predicted. He cast doubt on whether urgently-needed consolidation could be achieved, given the character of the industry.Despite suffering the worst-ever set of quarterly results from its container shipping activities, AP ...
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Shipping faces two more years of hardship
Shipping markets face at least two more years of strife as newbuildings stifle rates, Tor Olav Troim says. John Fredriksen's lieutenant also feels the time is not yet right to pick up bargain vessels in the second hand market.In an interview with the Financial Times newspaper, Troim says dry-cargo rates ...
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Russian yards compete for rescue vessel order
Four domestic yards are in the running for a Russian state tender to build a rescue and salvage vessel. The federal agency of the Russian sea and river fleet, Rosmorrechflotom, says the multipurpose unit will cost RUB 2.05bn ($63.47m).The Zelenodolsk, Krasnoye Sormovo, Yaroslavsky and Nevsky shipyards have submitted expressions of ...
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Safer and cleaner shipbreaking
There are few more dirty and dangerous jobs than scrapping old ships with scores of poorly equipped workers being killed each year in South Asia where most ships are broken apart. The region's beaches are littered with rusting vessels, staining the sands with oils and other chemicals.But companies are under ...
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Iridium OpenPort completes successful sea trials
Iridium reports that its new-generation global marine satellite communication system, Iridium OpenPort, has successfully completed sea trials on a number of different vessels, and worldwide commercial rollout is now underway."The feedback from beta test platforms has been overwhelmingly positive, and we have a strong backlog of orders from shipowners who ...
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New OSV order for Canada
Rolls-Royce has won an order to design and equip a UT 755LN offshore support vessel (OSV) with an integrated power, propulsion and motion control system, for use in the Canadian oil and gas market. Atlantic Towing Limited (Canada) has entered a long term charter with the Canadian oil and gas ...
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Brazilian operator expands fleet
CBO (Companhia Brasileira de Offshore) has purchased two further Rolls-Royceoffshore vessel design and equipment systems in a £13 million order. This latest contract, for two UT 715L construction/ROV vessels, follows a series of similar orders from CBO including two vessels already in service, three that are to be delivered this ...
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RINA continues steady global growth
Italy-based classification society RINA has reported continuing growth in both turnover and returns for 2008. Turnover for the 2008 year was Euro 183m, up 17% on 2007, and EBITDA was Euro 30 m, up 18% on the 2007 financial year.Ugo Salerno, ceo of RINA says, "2008 was a year of ...
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Shipowners back GRI
Italy-based Siba Ships and Netherlands-based Seaarland Shipping Management have been named as the inaugural investors in a $300m Green Recycling Initiative (GRI) which aims to integrate the needs of shipowners to recycle ships in a more environmentally friendly manner and the needs of steel producers to be able to produce ...
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Box and bulk overcapacity could last five years
Howe Robinson's research boss Paul Dowell was pulling no punches at a recent London conference when he warned of large-scale container and bulk carrier overcapacity for the next five years. Delegates at the IMarEst conference on ship lay-up were wide-eyed with shock as Dowell described how $750bn had been spent ...
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Korea suffering most cancellations
Korean shipyards topped a list of newbuilding cancellations, at 194 ships. Research from Norwegian classification society DNV estimated that more than 19.2m dwt on order at South Korea's yards would not be built, representing 39.4% of the total 492 ships cancelled globally.The country's financially-troubled shipyard C& Heavy Industries has had ...
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Wuchang wins AHTS vessel orders
Chinese oil giant CNOOC has signed a contract with Wuchang Shipbuilding Industry Company for the construction of two UT788 CD deepwater AHTS vessels at a cost of $205 million. The vessels will measure 93.4 metres in length, 22 metres at the beam and 6.5 metres at the water line.
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FBMA launches Wightlink cat
FBMA Marine (FBMA), the Aboitiz-owned shipbuilder based in Cebu, Philippines, has recently launched the ?Wight Ryder II? for UK operator Wightlink Ferries. The 40m single-deck passenger catamaran, which was launched on 30 April, has now joined its sister vessel, ?Wight Ryder 1?. Wightlink has already trialled and technically accepted ?Wight ...
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Incat ferry launched in Thailand
Australia-based Incat-Crowther?s latest design for Lomprayah High Speed Ferries, Thailand, was launched at a naming ceremony held at the Sea Crest shipyard in Samut Prakarn Province, Bangkok. Like previous vessels for Lomprayah, the new vessel, named ?Koh Prarb?, was built with one of Incat-Crowther?s pre-cut aluminium kits. These kits were ...
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Hellenic Register banned from classing new vessels
The future of the Hellenic Register of Shipping appears grim, after the EU?s official decision to implement a 17-month ban of the classification society. Under this decision, the Register won?t be able to class new ships, at least until it successfully remedies serious quality issues. According to the EU?s decision, ...
