Latest News – Page 806
-
News
OSD consolidates
Ijmuiden-based Offshore Ship Designers (OSD) has strengthened its group identity and adopted a more integrated approach to work sharing. Design teams in Ijmuiden, Montrose, Escrick, Bideford and Shanghai will now all operate under the OSD name and will work more closely together. The office in Bideford is new and will ...
-
News
Lack of fresh orders hits India's shipyards
Indian shipbuilders may maintain profit growth in 2009-10 but order intake will deteriorate further as shipping companies stung by a credit crisis and plunging freight rates put expansion plans on hold and cancel orders.ABG Shipyard, India?s largest private listed shipbuilder, received its last order in June, worth Rs585 crore. Rival ...
-
News
Manitowoc completes sale to Fincantieri
Manitowoc Co. Inc. in the USA said recently that it has completed the sale of its shipbuilding business to Fincantieri of Italy for about $120 million in cash. Manitowoc said it intends to use the after-tax proceeds for debt reduction and other corporate purposes.In 2007, the Manitowoc Marine Group had ...
-
News
Horizon's maiden travelift launch
Horizon Shipbuilding, Inc. of Bayou La Batre, USA, made the first launch with its 660 tonne travelift. The Ugodie, the second in a series of two 52.30 metre fast crew supply vessels Horizon is building for Nigeria, was recently lowered into Bayou La Batre by the travelift. Immediately after the ...
-
News
Korean shipbuilders facing tough times
Korean shipbuilders are headed for a turbulent 2009 amid a sharp contraction in the global shipbuilding sector, with small firms expected to take a particularly harsh battering. "2009 will be a year of restructuring for the shipbuilding sector, but the big three may get opportunities to solidify their market leadership," ...
-
News
Mediterranean's largest shipyard on course
The Besiktaž Shipping Group, a leading company in the Turkish maritime industry, will soon complete preparations and begin constructing a shipbuilding facility in the Adana-Yumurtal?k Free Trade Zone. Once completed, the shipyard will be the largest of its kind in the Mediterranean. ?hsan Kalkavan, the owner and chairman of the ...
-
News
Remedial launches first ESV
Remedial Offshore recently marked the launch of its first Elevating Support Vessel (ESV) when it was skidded onto a quayside barge at the COSCO Nantong Shipyard. The innovative ESV design is optimized for well intervention in water depths to 325 feet (100 metres). Each self-propelled ESV unit (two are under ...
-
News
Shipbuilding stimulus plan under discussion
A stimulus program to revive China's shipbuilding industry is currently under discussion and will be submitted to the State Council, China's Cabinet, for approval at the beginning of 2009, a senior industry official said. The program, drafted mainly by the country's top economic planning body, the National Development and Reform ...
-
News
Credit crunch hits box ships
Over 200 container ships are likely to be laid up next year as charter ship owners and ocean carriers adjust to weakening cargo demand, plunging freight and vessel hire rates, and an influx of new ships onto key liner trade routes. Some 165 container vessels totalling 430,000 TEUs capacity were ...
-
News
Bangladesh bags $20m orders
Ananda Shipyard and Slipways in Bangladesh has received orders worth $ 20 million to build two small vessels and a tug from Middle East countries at the region's biggest shipbuilding fair in Dubai."We have received orders worth $11 million from Iraq to build two crew supply vessels and $9 million ...
-
News
Libya orders six tankers
Libya's General National Maritime Transport Company has placed orders for six oil tankers valued at a total of $400 million. The contracts were signed with Samsung Heavy Industries in Korea for four vessels and Sasebo Heavy Industries in Japan for two units. The tankers will have a total capacity of ...
-
News
Croatian yards protest EU reforms
Thousands of employees in Croatia's ailing shipyard industry protested yesterday against privatisation plans that are part of reforms required by the European Union. "We are sending a message that we do not give up our demands ... keeping shipbuilding active should be the main criteria in a tender, " Juraj ...
-
News
China in danger of losing half its shipyards
China may lose as many as half of its shipbuilders next year as the global financial crisis forces companies to close down, Shanghai Securities News said, citing Ren Yuanlin, chairman of Yangzijiang Shipbuilding Holding Co. About 40 to 50% of Chinese shipbuilders will shut in the coming 6 to 12 ...
-
News
Lintec warns of off-spec fuel deliveries at Riga
Fuel testing agency Lintec Testing Services has warned that three fuel oil samples taken recently from vessels that have bunkered in Riga, Latvia, have shown the presence of Dicyclopentadiene (DCPD), a synthetic substance not naturally occurring within marine fuel.Lintec Managing Director Geoff Jones says, "The presence of DCPD was detected ...
-
News
STX launches first china-made ship
South Korea's STX Group has completed building the first vessel made by its shipyard in China's northeastern port city of Dalian. The new 58,000 dwt was delivered to STX Pan Ocean Co., a shipping unit of STX. "The launch of the first ship is meaningful for STX as the Dalian ...
-
News
Flensburger launches latest roro
The naming and launching ceremony of a new 3,735 lane metres RoRo freight ferry took place today in Flensburg, Germany. She is the thirteenth of fourteen RoRo vessels Flensburger is building for longstanding Turkish customer U.N. Ro-Ro. The 193.30 m long and 26 metre wide vessel is named Cuneyt Solakoglu. ...
-
News
Clipper in the lurch following demise of Tsuji
The credit crunch has taken its first Japanese shipyard to the wall with Tsuji Heavy Industries filing for bankruptcy. Tsuji and four of its group companies filed debts of $834m with the Tokyo District Court late last week. Tsuji had been expanding massively in China. Of its 40 plus ship ...
-
News
Credit crunch may take a chunk out of ABG orderbook
India?s largest private sector ship builder ABG Shipyard is running the risk of cancellation of orders for three seismic surveyor vessels worth Rs 1,000 crore ($213m) by the prospective Norwegian buyer due to the financial crunch. The Norway-based seismic data acquisition company, Scan Geophysical, on Monday said it failed to ...
-
News
Shipyards fight over SCI's VLCCs
Six shipbuilders from South Korea, two from China and one from India are competing for a contract estimated at $540 million to build four 318,000 dwt VLCCs for the state-run Shipping Corp. of India Ltd (SCI). SCI will now shortlist the technically qualified applicants who can submit price bids for ...
-
News
NYK cuts ship spending
Japan?s NYK Line plans to cuts back on spending for new ships by about 15% for three years in response to the sharply deteriorating global shipping market. The largest Japanese shipping firm by sales previously planned to invest an average of a little over 400 billion yen ($4.52 billion) annually ...
