Latest News – Page 800
-
News
MOL halts new orders for ore carriers
Mitsui O.S.K. Lines Ltd. (MOL), the world?s largest operator of iron-ore carriers, has halted orders for new ships as demand for steel drops. The company is scrapping up to seven iron-ore carriers and may not renew long-term charter contracts, Masafumi Yasuoka, a senior executive officer at the shipping line, said. ...
-
News
Cochin launches small ship division
The newly commissioned small ship division (SSD) of India's government-owned Cochin Shipyard Ltd. (CSL) expects to generate annual revenues of Rs5bn ($99m). The revenue will allow the yard to take on the concurrent construction of commercial ships and the country's first indigenous aircraft carrier for the Indian Navy.At an inauguration ...
-
News
Deep Sea Supply cancels newbuilding
Deep Sea Supply (DSS) has cancelled the contract with Jaya Shipbuilding and Engineering Pte. Ltd. ("Jaya") pursuant to which DSS was to take delivery of Hull No 875 to be named "Sea Hawk 1". The cancellation is based on substantial delays beyond the revised, contractual delivery date. DSS has made ...
-
News
Alliance tackles ballast water threat
A Global Industry Alliance (GIA) has been launched to tackle the threats of marine bio-invasions caused by the transfer of alien plants and animals in ship ballast tanks. The Alliance, made up of a partnership between the IMO, United Nations Development Programme (UNDP), the Global Environment Facility (GEF) and four ...
-
News
EU approves maritime safety laws
Justice and home affairs ministers last week rubberstamped six legislative proposals of the EU's third maritime safety package, which aims to reduce maritime accidents and pollution in Europe. The package, tabled by the European Commission in 2005, includes eight draft laws. Last week's Justice and Home Affairs Council approved four ...
-
News
Only nine ships ordered worldwide in January
Orders of only nine ships were made in January worldwide, a meagre 6% of last year's 151 ships, according to the London-based shipbuilding industry research company Clarkson. Four went to Korea and five to China, while shipbuilders in other regions, including Japan and Europe, did not receive a single order. ...
-
News
STX Europe makes start on P&O ferry
The production of the first of the two huge ferries ordered by P& O Ferries started today by cutting its first steel plate on STX Europe's yard in Rauma, Finland.The 49,000 gt roro-passenger ferries with a length of 210 metres and 2,700 lane metres, are scheduled for delivery in 2010 ...
-
News
Canada resurrects midshore coast guard plan
The Canadian government's on-again, off-again plan to build new midshore patrol vessels for the coast guard appears to be on again. The federal government quietly scuttled a plan last summer to build 12 midshore patrol vessels for the coast guard. Bids had been received for that program, but in August, ...
-
News
China's economic growth target within reach
China said its 8% growth target for this year is within reach even as the worst financial crisis since the Great Depression hammers economies worldwide. Liu Tienan, vice chairman of the National Development and Reform Commission, restated the goal at a briefing in Beijing recently and said China has "the ...
-
News
STX and Schottel cooperate in production of propulsors
The South Korean company STX Heavy Industries Co., Ltd. and the German propulsion specialist Schottel, will be cooperating in the area of large Rudderpropeller systems for underwater installation such as used on drilling rigs. Within the framework of a corresponding licence agreement, STX will manufacture Rudderpropellers covering a power range ...
-
News
Deltamarin wins Allseas design contract
Swiss-based Allseas Group has awarded the complete detailed design of their Pieter Schelte project to the Finnish consulting and engineering company Deltamarin Ltd. The total volume of the contract is about 200 man-years. The contract comprises naval architecture, structural engineering, accommodation and system engineering, including piping, electrical and instrumentation, heating, ...
-
News
STX sees green shoots of recovery
STX Group claims new ship orders could resume in the second half of this year when financing difficulties ease. Its shipbuilding arm, STX Shipbuilding, is aiming to boost new orders for offshore vessels and plants by 8% this year to $1.8 billion, vice chairman Lee Jong-chul told reporters. New ship ...
-
News
Shipyard bids fall below expectations
Malta's government plan to recoup a reported ?49 million paid in early retirement schemes appears to have foundered, as bids for the Malta Shipyards have fallen short of this figure.Sources privy to the privatisation process described government?s expectations to be "misled" if it was seeking to recoup the golden handshake ...
-
News
Abu Dhabi yard wins major UAE Navy order
Under a contract announced by the UAE Armed Forces, Abu Dhabi Ship Building (ADSB) is to construct twelve new boats for the UAE Navy and retrofit twelve existing boats. The contract calls for the supply of 12 combat vessels at a value of Dh 771.1 million and upgrading another 12 ...
-
News
Big drop in Japanese newbuilding orders
Shipyards in Japan reported 69% fewer orders in January and forecast a third year of declines in 2009 as the global recession slashes demand for new vessels. According to the Japan Ship Exporters Association, orders were received for 193,700 cgt last month. The yards, including Mitsubishi Heavy Industries and Mitsui ...
-
News
MES delivers Aframax
Mitsui Engineering & Shipbuilding (MES) in Japan completed and delivered a110,000DWT double hull crude oil tanker named 'Mare Nostrum'. Hull No. 1678 was built at the shipbuilder's its Chiba works for the Italian shipowner Fratelli d?Amico Armatori S.p.A..This is the 12th Aframax Tanker of 42 metre beam with the largest ...
-
News
SCI rethinks fleet expansion
State-run Shipping Corp. of India Ltd (SCI) has scrapped a tender to buy four dry bulk cargo carriers as demand for ships declines in the face of a slowdown in global trade. In September, South Korea?s STX Shipbuilding offered to sell four 175,000DWT Capesize vessels at $94.10 million each.SCI had ...
-
News
Strategic Marine opens Vietnamese shipyard
Western Australian shipbuilder Strategic Marine officially opened its multi-million dollar shipyard in Vietnam today. The new facility takes up 136,000m3 at the Dong Xuyen Industrial Zone in Ba Ria Vung Tau province and is now a fully functioning shipyard with the capability to construct large steel and aluminium vessels. Strategic ...
-
News
India to reintroduce domestic shipbuilding subsidy
The shipping and finance ministries are set to resolve a 17 month-old dispute over subsidising shipbuilders on confirmed orders that were considered ineligible for a five-year scheme which ended on 14 August 2007. "We are moving towards a resolution now," a shipping ministry official said on condition of anonymity. "The ...
-
News
New ferries planned for Alaska
The Alaska Marine Highway System (AMHS) recently announced a ferry acquisition project which calls for the design and construction of the next generation Alaska-class of ferries to begin replacing ageing ships currently in the AMHS fleet. The new Alaska-class vessels will serve intermediate length routes within sheltered waters. "This is ...
