Latest News – Page 799
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Irving receives order for OSV
Canada's Atlantic Towing has forged a long-term charter deal with EnCana Corp that will see it build an offshore supply vessel (OSV) at Halifax Shipyard. Atlantic, the vessel operating subsidiary of Irving Shipbuilding, said that it will operate the newbuilding for Calgary-based natural gas company EnCana.The vessel will serve EnCana ...
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STX Offshore & Shipbuilding has arrived
South Korea's STX Shipbuilding has changed its name to "STX Offshore and Shipbuilding". The new name reflects the company's plans for expansion in the offshore plant sector which is being actively promoted by the firm from this year.STX Shipbuilding aims to foray into offshore sector in earnest, focusing on building ...
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Trouble at Keppel Cebu
Workers at the Keppel Cebu Shipyard, Inc. are protesting against a management decision to enforce job rotation. Management, however, was unaware about the protests and was under the impression that the workers, who had been informed about the job rotation, had fully understood the need for the company to take ...
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Greek owner cancels two bulk carriers
The Odense Steel Shipyard in Denmark had their very last container carrier towed out from the shipyard yesterday for sea trial. The construction of this ship and a number of sisters has generated a deficit of DKK 562.3 million in 2008. However, it?s much better than in 2007, when the ...
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TKMS halts construction of four boxships
The consequences of the global financial and economic crises have now reached ThyssenKrupp Marine Systems. The yard has been informed by the client that the banks are not going to finance the construction of six 3,400 TEU class container ships and therefore the vessels will not be accepted as previously ...
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Thai shipyards anticipate high demand for offshore vessels
Italthai Marine, a local shipbuilder and repairer under the Italthai Group in Thailand, is optimistic of achieving 200% revenue growth this year thanks to persistently high demand for offshore supply vessels in the crude-oil production business. Assistant planning and control manager Sanit Jomsangawong said oil firms, particularly those in the ...
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Ice load monitoring makes arctic navigation safer
A three-year research project initiated by DNV has led to the development of an ice load monitoring system that provides bridge personnel with real-time information about the actual ice loads on the ship's hull and shows satellite information about the ice integrated into electronic navigation maps. Shipping activity in ice ...
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Sinotrans to invest in newbuildings
Chinese shipowner Sinotrans Shipping Ltd said it would invest a total of $388 million in new ships over the next three years in anticipation of a better outlook for 2009. "Given the improving market sentiment, the company has no plan to further delay or cancel its orders," Tian Zhongshan, executive ...
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STX begins construction of mega containership
STX Shipbuilding has started construction of a 13,000-TEU containership in its Jinhae shipyard and is for the first time the South Korean shipbuilder has embarked on a large-scale containership construction. This vessel is the lead ship in a nine-ship series of 13,000-TEU containerships ordered by a Greek ship owner in ...
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Karachi Shipyard starts frigate construction
A steel cutting ceremony of the first F22P Frigate being built for the Pakistan Navy was held recently at the Karachi Shipyard and Engineering Works (KSEW). The construction of the first Chinese designed F22P Frigate at KSEW shows that the local shipbuilder can undertake the in-country construction of an extremely ...
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Wärtsilä to power first CWA designed tanker
Wärtsilä has signed a design and propulsion system order with Taiwan's Jong Shyn Shipbuilding for a product chemical tanker. The 6,500 dwt vessel, due for delivery in 2011, is for CPC Corporation (CPC), a Taiwanese state-owned oil company. This is the first order through the Wärtsilä network for a design ...
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Austal wins Danish ropax order
Nordic Ferry Services in Denmark has placed an order with Austal Ships in Western Australia to deliver a ropax catamaran to operate on the route between R?nne, on the Danish island of Bornholm, and Ystad, in the south east of Sweden, for the Danish Government operated company BornholmsTrafikken. The new ...
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Lindo racks up deficit
Lindo shipyard in Denmark, which recently deleted two bulk carriers of the already small order book, entered 2009 with a deficit of DKK 562.3 million. While this was an improvement compared to the DKK 827 million deficit last year, it is still not a good result. Last year the turnover ...
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Ezra cancels newbuilds at Karmsund
Ezra Holdings Ltd in Singapore has announced that is has been informed by the Norwegian shipyard Karmsund Maritime Service (KMS), located on Karm?y, near Haugesund, that it will not be able to complete and deliver the two vessels it is building for Ezra Holdings' subsidiary Lewek Shipping in accordance with ...
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Russia to build over 1,000 vessels in 20 years
Russia's United Shipbuilding Corporation is to build more than 1,000 commercial vessels in the next 20 years, Vladimir Putin, the Russian prime minister, said when he recently chaired a meeting in St. Petersburg on the development of the shipbuilding industry. He said the number includes 265 fishing vessels and 791 ...
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Wärtsilä to provide equipment and design for offshore support vessels
Wärtsilä in Finland has received a ship design order from the Norwegian shipping company Sartor Shipping AS. The order is for two Vik-Sandvik 465 FSVs (Field Support Vessel) which will be built at the Wison Heavy Industry shipyard in China. Wärtsilä scope of supply also includes two main engines, gear ...
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Indian shipbuilders get government subsidy
With the Indian government now ready to disburse Rs 5,000 crore towards outstanding subsidy for the fledging Indian shipbuilding industry, the future is beginning to look brighter. The industry, going through a down cycle, is also looking forward to a fresh subsidy scheme from the next government to help it ...
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One in three shipping lines seen to go bust
Seafin Pte, the Singapore-based ship-financer, expects more than a third of shipping companies to collapse this year as the recession hammers global trade and vessel prices. "Everyday there is an auction for ships, but who wants them?" Dimitris Belbas, Seafin's head of shipping finance, said. Seafin is a venture between ...
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Japanese postpone yard merger
The Japanese shipbuilders JFE Holdings Inc. and IHI Corp. have decided to postpone a merger of shipbuilding operations until after autumn, according to local sources. The merger, which was to take place this month, has been delayed because of a decline in demand for new ships. In mid-January 2008 it ...
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Samsung expanding China base
Samsung Heavy Industries (SHI) plans to expand its ship-block construction base in Rongsheng City, Shandong Province, China, by finalizing the "Phase 3" ship-block factory construction. SHI has already finished "Phase 1 and 2" in 2007 and is currently producing 100,000 to 150,000 tonnes of ship-blocks annually and, when "Phase 3" ...
