Latest News – Page 802
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Mitsubishi - Petrobras JV to build drillship
Mitsubishi Corp., Japan?s largest trading house, and Brazil?s state-controlled Petroleo Brasileiro SA will build a $830 million vessel to drill in deep seas for crude oil and natural gas. The vessel would be capable of drilling in ocean depths of just over 3,000 meters (10,000 feet), Mitsubishi said in a ...
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SAFEDOR - European Maritime Research Project concluded
The maritime research project on the significance of risk-based design and approval has been concluded after four years of intensive study. The multinational research project SAFEDOR (Design, Operation and Regulation for Safety) was co-ordinated by ship classification society Germanischer Lloyd. 53 project partners from all sectors of the maritime industry ...
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Chinese shipbuilders lobby Beijing
With new orders for China's shipbuilding industry estimated to be halved in 2009, experts are calling for the Chinese government to quickly pass the shipbuilding industry stimulus plan. China Association of National Shipbuilding Industry (CANSI) estimates the country's new shipbuilding orders in 2009 may decline to between 20 and 30 ...
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Big Asian yards could cause European builders to stagger
Specialist shipbuilding facilities in Europe are facing heightened risks as bigger players threaten to dominate and overwhelm them. Niche market shipyards that build offshore vessels and dredgers could face more competition as mainstream yards move into their field of speciality. For example, Denmark?s Odense Shipyard recently announced that it would ...
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Korea battling to maintain top ranking
South Korea, the world?s top shipbuilding nation, must find measures to keep leading the global shipbuilding industry in the next decade, including developing high-value vessels, a domestic institute said. In a report titled ?Check of the competitiveness of South Korea?s shipbuilding industry?, Samsung Economic Research Institute (SERI) said that proactive ...
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Scrap yards full
A flurry of scrapping deals recently has seen a variety of tonnage heading to breakers in Bangladesh, India, Pakistan and China. Although scrap prices are dramatically lower than the peaks of 2008, they appear to have found some stability in the $260-270/ldt range but not for long, according to some ...
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Box ship orderbook shrinking
The total capacity of containerships on order worldwide has declined to 6.1 million TEU, comprising 1,147 vessels, as of 1 February, 2009, according to figures compiled by AXS-Alphaliner News. Claimed as being the lowest level over the past 16 months, AXS said the world order book represents 49.1% of the ...
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DSME in large cost cutting exercise
Daewoo Shipbuilding & Marine Engineering (DSME) has plans to cut costs by 624.5 billion won this year to prepare against the global economic crisis and the slump in the overall shipbuilding industry. DSME seeks to firmly establish the 'OK culture' both in and around the company, which refers to carrying ...
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DNV guidelines on lay-ups of ships issued
The DNV guidelines on lay-up of ships are now ready and available on the DNV website. The guidelines contain both requirements and recommendations for shipowners that are preparing for short or long lay-ups. Based on the market uncertainties and the fact that global trade is slowing down at the same ...
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German yards suffer
According to the German Shipbuilders' Association (Verband für Schiffbau und Meerestechnik e.V.) the domestic shipbuilding industry signed newbuilding contracts for 46 vessels in 2008, it?s the lowest order intake since 2001, Lloyd?s List reports. In 2007, the industry received orders for 79 vessels. 29 vessels were cancelled in 2008, while ...
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'New Panamax' defined
The Panama Canal Authority has issued precise details on dimensions for the next era of Panamax ships. Proposals for the new locks will be received by 3 March and the canal authority is expected to announce which consortium will be awarded the construction by this May. "Each of the new ...
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First newbuilding started at Hyundai Gunsan
The new Hyundai Heavy Industries? shipyard in Gunsan is starting operations this month. Located in the Jeolla Province in South Korea, the Gunsan shipyard recently held a keel laying ceremony for its first ship, a 180,000 DWT bulker ordered by Nord Capital of Germany. Delivery of the newbuilding is scheduled ...
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Daewoo Q4 earnings rise more than 5-fold
Daewoo Shipbuilding & Marine Engineering Co said its fourth-quarter earnings increased more than five-fold due to construction of more expensive vessels. Net profit reached 293 billion won ($210 million) in the October-December period, compared with 53 billion won a year earlier. Sales jumped 69% to 3.67 trillion won over the ...
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Korea shipbuilding still number one
South Korea retained its No.1 ranking in the global shipbuilding industry in terms of new orders, order backlogs and volume of vessels built in 2008. The nation's shipbuilders won a combined 17.5 million CGTs in new orders last year, accounting for 41.1% of all global new orders according to Clarkson ...
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ABB opens Singapore FPSO centre
Swiss power and automation technology group ABB is opening an engineering center in Singapore to carry out engineering of FPSO and FSO projects for the offshore oil and gas industry.ABB's capabilities for the FPSO/FSO market include power generation and distribution, onboard drives electric propulsion, automation, telecommunication and project execution. ABB ...
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Jinan Steel inks pact with shipbuilders
Jinan Steel Group in China has recently signed strategic cooperation agreements with seven key shipbuilders in Shandong, to consolidate their production-demand chain of shipbuilding steel plates to the mutual benefit of all participants.Jinan Steel is the largest steelmaker in Shandong and the largest shipbuilding plate supplier in China, boasting over ...
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Dryships in crisis
Indications that things weren't quite shipshape at bulk commodity carrier Dryships surfaced last week when the company stunned the market with news that it was suspending its dividend and cancelling several new ship orders. The company's shares shed as much as 30% of their value after management disclosed that it ...
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Engine manufacturers face cancellations
Wartsila is reportedly facing losing up to ?800m of its existing orderbook due to potential cancellations. With a current ship power orderbook of ?4.5bn ($5.8bn), this represents almost 18% of its engine orders and 11% of its total orderbook, which includes engineering services and shore power plants. Wärtsilä said that ...
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Beijing to revitalize shipbuilding sector
It is reported that China's shipbuilding industry's revitalization plan has been drafted following the release of support plan for auto industry and is to submit to the State Council for approval. One principal in Zhejiang Development and Reform Commission said that it will strictly control the approval of new shipbuilding ...
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Germanischer Lloyd receives ISO 9001:2008 certification
Germanischer Lloyd's (GL) Maritime and Corporate Services received the ISO 9001:2008 certification. It was awarded by the German certification body DQS (registrar in independent third party management system certification) after a thorough assessment of GL's quality management system. GL complies with internationally recognized standards for quality systems.The ISO 9001:2008 certification ...
