Latest News – Page 795
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Chinese shipbuilders in doldrums
China's fledgling shipbuilding industry is set for more hard times as industry insiders have indicated that the global shipbuilding industry is unlikely to recover in the near future. New shipbuilding orders received by China in the first quarter of this year fell 98.3% year-on-year to 0.19 million DWT, according to ...
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China?s aid to shipbuilders may prolong the agony
The Chinese government may force state-owned shipping groups to buy more vessels as foreign carriers scrap orders, according to Steve Man, an HSBC Holdings Plc analyst in Hong Kong. That risks increasing costs and overcapacity among shipping lines grappling with a collapse in global trade. "They ?encourage,? but my thinking ...
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Russia planning gas carrier construction
Admiralty Shipyards OJSC, in St. Petersburg, and Sovcomflot OJSC plan to sign a contract for construction of a gas carrier with a capacity of 80,000 m3, according to Vladimir Aleksandrov, Director General of Admiralty Shipyards. The vessel will be 260m long and 35m wide and delivery is scheduled for 2012-2013. ...
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Japanese yard suspends work
Japanese shipbuilder Kanasashi Heavy Industries has ceased operation as it does not have the funds to procure ship parts and equipment for newbuildings. The medium-sized shipbuilder has so far been unable to secure funds from domestic banks, however, a shipyard official said he believed that even if the banks were ...
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Eitzen cancels newbuilding orders
Oslo-based Camillo Eitzen & CO ASA has reached an agreement with a Japanese shipyard for the cancellation of the six 2,500m3 gas carriers against a final and total settlement of $2.5 million. The existing newbuilding commitment on the gas vessels implies a reduction in newbuilding commitments of about $105 million ...
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Green light for scrubbing technology
The Exhaust Gas Cleaning Systems Association (EGCSA) yesterday hailed news that the United States and Canada plan to introduce Emissions Control Areas (ECAs) in North America as an opportunity for shipping to widely incorporate abatement technologies in order to meet the impending laws. The decision taken on 31st March by ...
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Petrobras FPSO tender could be delayed
The Brazilian oil company Petrobras is scheduled to receive proposals next week for eight FPSO hulls, but Brazilian media report that just four of the 13 companies invited to vie for the contract plan to submit a bid.An unnamed Petrobras source said that if the prices of the bids are ...
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Korean yards fighting to win massive LNG-FPSO order
The big three shipbuilders in South Korea are fiercely competing to win a massive LNG-FPSO order to be placed by Royal Dutch Shell. This mega project, said to cost some $4bn-plus, calls for the construction of an LNG-FPSO with a length of 468m and a width of 74m which would ...
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MacGREGOR wins DSME crane order
MacGREGOR, part of Cargotec Corp., has received an order for 28 hose handling and provision cranes from Korean shipyard Daewoo Shipbuilding & Marine Engineering Co Ltd (DSME). "For many years now MacGREGOR has enjoyed fruitful co-operative agreements with DSME and we are pleased to be working with the company again ...
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China to build three world-class shipbuilding bases
By 2011, the Yangtze River Delta, the Pearl River Delta and the Circum-Bohai Bay region will be built into three world-class shipbuilding bases in China, according to a recent development program for the country?s shipbuilding industry. In addition, the program strongly supports the merger of China?s two leading shipbuilding companies: ...
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Jurong secures Seadragon semisub
Jurong Shipyard in Singapore, a wholly-owned subsidiary of Sembcorp Marine, has secured a rig order from Gander Drilling Limited, a wholly-owned subsidiary of SeaDragon Offshore Limited, to complete and deliver a Moss Maritime DP-3 semi-submersible drilling unit with an option for an additional unit.The six-column bare-deck hull, built in a ...
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EDT newbuilds delayed again
EDT Offshore's two platform-supply-vessel (PSV) newbuildings in Spain have been delayed by a further six months. Cyprus-based EDT's first unit from Astilleros de Sevilla is expected to be launched in October, while the second has been passed over until next year.It is understood that the first 4,700 DWT vessel was ...
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Besiktas takes over LNG order
Turkey's Besiktas Group has secured a deal worth ?60m ($80.5m) to take over an order to construct four LNG tankers. Liquid gas and chemical carrier specialist Gas and Heat, based in Livorno, Italy, had originally given the construction project for the 3,360m3 ships to another Turkish builder, Berk Shipyard, on ...
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Hyundai completes FPSO dock
Hyundai Heavy Industries has completed work on the world?s first dedicated dry dock for FPSO vessels. The new "H dock" is the single largest dry dock in the world at 490m long, 115m across and 13.5m deep. The Ulsan-based company said it will be used to build ships of up ...
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Austal lands Maltese cat
Austal has received its second large vehicle ferry order within a week after being selected by leading Maltese operator Virtu Ferries to design and build a 107m vehicle-passenger catamaran.The order follows last week?s announcement of a contract with Denmark?s Nordic Ferry Services to build Austal?s largest ever catamaran, emphasising the ...
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Indonesian bank to lend additional funds to PAL
Pt Bank Negara Indonesia has agreed to provide additional loan of $25.6 million for state shipbuilding company Pt PAL Indonesia to fund the building of four tankers on orders from Turkey and Italy. The bank had earlier provided a loan of $83 million to Pt PAL to finance newbuilding projects ...
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China aiming at Q-Flex LNG tankers
Marine Design and Research Institute of China is planning to build a Q-Flex LNG tanker with a capacity of about 215,000m3 said Zhu Jianzhang, a marketing official with the state research unit. Qatar had ordered 45 of the world's biggest tankers from South Korean shipyards including Samsung Heavy Industries. Chinese ...
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Hyundai-Vinashin launches first ship
Hyundai-Vinashin Shipyard in Vietnam, a joint venture between Hyundai Mipo Dockyard of South Korea and Vietnam's state-owned shipbuilding group Vinashin, has launched its first bulk carrier. The joint stock company floated a 56,000 DWT bulker ?E.R. Bergamo' on 31 March.This vessel is the first of the 10 bulk carrier series ...
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IMO to adopt climate-friendly rules for ship recyclers
The IMO has bowed to pressure to adopt climate-friendly ways in its recycling sub-sector. From next month, it is set to come up with new regulations for ship recyclers. Activists have piled pressure on the shipping industry to seek safer recycling methods that will reduce degradation of the environment. Ship ...
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CSSC fares well on healthy order book
China State Shipbuilding Co Ltd (CSSC), one of the largest shipbuilders in the country, said that its net profit in 2008 increased by 48.6% year-on-year to 4.16 billion yuan. The company's revenue increased by 48% to 27.66 billion yuan, of which 21.44 billion yuan was from shipbuilding, 3.02 billion yuan ...
