Latest News – Page 794
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Hitachi inaugurates Chinese diesel JV
Hitachi Zosen has officially inaugurated Zhongji Hitachi Zosen Diesel Engine Co. (ZHD), its joint venture with Shanghai Zhongji Group (SZG), the parent company of Chinese shipbuilder Zhoushan Jinhaiwan Shipyard. ZHD already held a ceremony on March 25 at the local site on, Zhoushan Island, Zhoushan city, commemorating the establishment of ...
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United Shipbuilding Corp. established
The establishment of the United Shipbuilding Corporation in Russia is now completed with a total of 33 companies in the field of ship design and shipbuilding included in the new grand state enterprise. In a cabinet meeting this week, deputy prime minister Igor Sechin said nine construction bureaus and three ...
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Germany throws lifeline to local shipbuilders
The German government will bring forward investments in ships to help its troubled shipyards to survive the current downturn. According to Minister of Transport Wolfgang Tiefensee, old state-owned vessels should be scrapped earlier than originally planned so that new ships can be ordered promptly.Newbuilding contracts worth ?160m ($211m) will be ...
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Nuclear waste carrier delivered
The first South Korea-built nuclear waste container carrier has been completed. Dae Sun Shipbuilding & Engineering in South Korea has delivered the country's first pure nuclear waste container carrier to Korea Radioactive Waste Management Corporation (KRMC).The 2,600 DWT ship, named HJ Cheongjeongnuri, has a length of 78.6m, breadth of 15.8m ...
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Frontline forecasts massive tanker cancellations
A plunge in supertanker rates to their lowest in at least 11 years will likely spur owners to scrap ships and cancel orders for new ones, according to Bermuda-based tanker operator Frontline Ltd. "We will see scrapping happening soon, then we will see massive cancellations in the order book," Singapore-based ...
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Client of Jurong goes bust
Sembcorp Marine announced that an important client to its wholly-owned subsidiary Jurong Shipyard has gone bust. Singapore-based Petroprod, a member of Norway's Larsen group which specialises in mobile production and field development for small and medium-sized oilfields, has a jack-up rig and an FPSO conversion on order at Jurong. It ...
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STX Europe delivers Tallink ferry
STX Europe delivered from its Rauma yard the fifth cruise ferry for Tallink. Named 'Baltic Queen', the vessel, worth EUR 180 million gave 1,700 man years of work for the yard. The newbuilding will start operations between Stockholm - Tallinn route on 24 April, replacing the 'Romantika'. The new ferry ...
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STX to build three Caspian Sea icebreakers
STX Europe has, through its wholly owned subsidiary STX Norway Offshore AS, signed contracts for building of three icebreaker tugs to JSC Circle Marine Invest. The subsidiary company, Caspian Offshore Construction in Kazakhstan will operate the vessels in the Kashagan field of the northern Caspian Sea. The vessels will be ...
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Tebma to go slow on expansion
The Chennai-headquartered Tebma Shipyards Ltd in India is going slow on its capacity expansion programme though it is "not affected by economic slowdown". P.K. Balan, Chairman, Tebma, said that the company had plans to set up two shipyards in eastern and western coasts. Though offshore vessel building segment is not ...
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NYK slashes fleet expansion
Nippon Yusen K.K. (NYK), Japan?s largest shipping line, will slash fleet expansion plans by 10% as it scraps some ships and returns others to owners amid slumping demand for transporting cars and containers. NYK currently has 776 vessels and will expand its fleet to about 850 ships by the end ...
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STX group secures Chinese loans
South Korea's STX Group said its Chinese affiliates have secured 2.85 billion yuan ($417 million) in loans from Chinese lenders to fund the construction of its industrial complex there. STX Dalian Shipbuilding borrowed 1.35 billion yuan from the state-run China Construction Bank, while STX Dalian Engine clinched the remainder from ...
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Abu Dhabi awards DLS-4200 design contract
Abu Dhabi-based National Petroleum Construction Company (NPCC) has awarded Dutch design office Ulstein Sea of Solutions the basic design contract for their new large derrick pipelay vessel ?DLS-4200?. The new vessel will be one of the biggest of its kind, combining S-lay double joints pipelay operations with a 3,800-tonne lifting ...
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Newcomer undercutting prices
A new Chinese shipyard is attempting to win newbuilding contracts by selling ships at heavily discounted prices. Jiangsu-based People Heavy Industry (PHI) is ready to start ship construction in the summer at its new facility and has opened contract negotiations with owners. It is focussing on the Capesize market and ...
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The worst is over?
"The worst of the shipbuilding market is over," said Jiangsu Rongsheng Heavy Industries' chairman and president Chen Qiang. He adds that newbuilding enquires have resumed but at a slower pace and in smaller numbers.He believes it will take more time for anyone to conclude a deal as a state of ...
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New VLOC underway
Industry sources say that yards in Japan, South Korea and China have been sounded out to design a new 250,000 DWT bulker specifically for the coal trades. One industry expert says the impetus has come from the world's largest mining company, Australia's BHP Billiton, which is said to be studying ...
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Construction begins on Vietnamese shiprepair yard
Construction on the $250 million Nosco-Vinalines ship repair plant kicked off in Yen Hung District, northern Quang Ninh Province. The new ship repair yard will cover a total land area of 100ha on the right bank of the Chanh River, in Yen Hung District.Construction will consist of two phases with ...
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Shipbuilding key driver of SA's economy
A key sector driving economic growth in South Australia is entering the stage where preparation transforms into visible action. The Techport Australia shipbuilding complex at Osborne on the Port River is ready for work to begin cutting steel for the air warfare destroyers.Millions of dollars have been spent on the ...
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Third Novoship Suezmax laid down
Jiangsu Rongsheng Heavy Industries in China has laid down the keel of the third in a series of six 156,000 DWT Suezmax crude oil tanker for Novoship OJSC. The vessels are being built within the framework of the company?s fleet renovation program. The vessel will be named NS Breeze. Metal ...
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Wadan to win icebreakers
Norilsk Nickel, Russia's largest mining company, is close to ordering two high-value icebreaking tankers and a large icebreaker at Germany's struggling Wadan Yards. The deal, worth an estimated EUR 350m ($461m), is being lined up by Wadan Yard's Russian shareholder and is in addition to four ro-ro-/passenger newbuildings costing roughly ...
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Credit crunch jeopardises sale of Polish shipyards
Thousands of Polish shipyard workers will lose their jobs when the country?s state-owned yards are sold off. Under the government scheme, workers will be offered between $6,000 and $18,000, depending of the length of service. The deadline for the sale of the Szczecin and Gdynia yards has been set for ...
