Latest News – Page 808
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Cancellations hit German shipyards
Up to 50 of 190 newbuilding orders at German shipyards may be cancelled due to the financial crisis, according to German media reports. The German shipyard association VSM claims that 25 orders worth EUR 600 million have already been cancelled. The German finance minister has now agreed that the shipbuilding ...
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Mitsubishi defers plans for cruise ship newbuilds
Japan?s Mitsubishi Heavy Industries has postponed plans to return to cruise ship building. The announcement came as a major cruise liner operator, reported to be Carnival Corp, delayed orders on two vessels. Mitsubishi was scheduled to return to the cruise ship building industry as early as 2012 but the company ...
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Daewoo wins Qatar shipyard deal
South Korea's Daewoo Engineering & Construction Co. said that it has finalized a $610 million deal to build a shipyard in north-eastern Qatar. Under the deal with state-run Qatar Petroleum Co., Daewoo Engineering plans to complete the construction of the shipyard by the end of 2009. Daewoo started work on ...
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L&T defers shipbuilding expansion
Larsen and Toubro Ltd (L&T), India's largest private sector engineering and construction firm, has deferred its entry into the commercial shipbuilding business and has also decided to scale back its investment for a new shipyard at Kattupalli near Chennai. Instead, the company is concentrating on ship repair and naval shipbuilding.An ...
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Gulf Fleet Management selects ABS Nautical Systems
Gulf Fleet Management has selected ABS Nautical Systems, LLC fleet management software as the foundation for its future operations. Opting for a near sweep of the Nautical Systems? NS 5 software suite, Gulf Fleet (GFM) will be using the tool for the maintenance, purchasing, inventory, quality and voyage management of ...
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Green Marine Highway initiative to jump-start U.S. economy
U.S. Congress is currently drafting the 2009 economic stimulus package, and 'The Green Marine Highway Initiative' is in contention for inclusion, as it will create over 20,000 new jobs in shipbuilding, steel fabrication, marine propulsion, cargo handling and new ship manning. Over 20,000 trucks travel on the East and West ...
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New contracts for STX Europe
STX Europe has signed contracts for delivery of design and ship equipment for four platform supply vessels of STX Europe's own design PSV 09 CD. The total value of the contracts amounts to approximately NOK 400 million. The vessels will be built by the Japanese shipbuilding group Universal Shipbuilding Corporation ...
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Technical design completed for 'Aurora Borealis'
Wärtsilä and the Alfred Wegener Institute for Polar and Marine Research, part of the Helmholtz Association, yesterday presented in Berlin the technical design of the European Research vessel 'Aurora Borealis', a multi-purpose icebreaker, deep-sea drilling, and research ship for polar sea conditions. 'Aurora Borealis' will be a unique vessel ...
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IMO and EU collide over class certificate recognition
In an unusual move IMO's maritime safety committee has instructed the UN agency's secretary-general, Efthimios Mitropoulos, to voice IMO?s concerns over EU plans to force class societies to recognise each other's certificates. At yesterday's session the issue was raised by several states and it was argued the proposed EU regulation ...
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Singapore Cosco client cancels order for two vessels
Singapore-listed Cosco Corp said that a customer has scrapped orders for two of five bulk carriers because of unfavourable market conditions. The Chinese ship building and repair firm will also postpone delivery of the remaining three vessels to June 2010 from December 2009. Cosco did not disclose the contract value, ...
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Maersk lays up eight vessels
Maersk Line is to lay up eight 6,500 TEU vessels following the recently announced changes in its Asia - Europe, Asia - Central America, and Transpacific service networks. This resulted in surplus vessel tonnage, which Maersk will not redeploy in its service network."In view of the market conditions, we have ...
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Carnival sues Rolls-Royce
Carnival Corp. has sued Rolls-Royce for more than $100 million over allegations that Rolls-Royce marketed and sold defective propulsion systems for the Queen Mary 2.The system, known as the Mermaid pod propulsion system, has been targeted in lawsuits by other cruise lines, including Royal Caribbean, Celebrity Cruises and Regent Seven ...
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Full ahead for Hanjin's Philippine shipyard
Hanjin Heavy Industries is proceeding with its plan to build a $2 billion shipyard project in the southern Philippines, Trade Secretary Peter Favila said. "Company officials told me that they are proceeding with the project. They are just waiting for some approval," Favila said in an interview. A Manila newspaper ...
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Norwegians cancel newbuilding order
The Norwegian shipping company Seatankers Management Co. Ltd (SMC), owned by shipping tycoon John Fredriksen, has cancelled an order for four chemical tankers placed with the Alcock Ashdown (Gujarat) Ltd, the shipbuilding firm owned by the Gujarat government. SMC walked away from a Rs301 crore deal citing high costs in ...
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Wärtsilä's slow steaming kit helps cut fuel costs
Wärtsilä has introduced a new upgrade kit for slow steaming for RTA and RT-flex low-speed engines to enable shipowners and operators to make major savings in fuel costs while slow steaming their ships. The upgrade kit allows Wärtsilä low-speed marine engines to be operated continuously at any power in the ...
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STM to design Swire seismic vessel
The marine arm of Singapore Technologies Engineering Ltd. (ST Engineering), ST Marine, secured a $19.6 million contract to provide detailed design, construction and outfitting of a seismic survey vessel for Swire Pacific Offshore Operations, a wholly-owned subsidiary of Swire Pacific Ltd. Swire had been planning for the newbuild and will ...
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Aegean takes delivery of bunker tanker newbuilding
Aegean Marine Petroleum Network Inc. has taken delivery of the 'Paros', a 4,645 dwt double-hull bunkering tanker newbuild from Fujian Southeast Shipyard in China. The Paros will be deployed to the company's Singapore market.Including the Paros, Aegean now has a current bunkering fleet of 31 vessels and barges, of which ...
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World's largest floating dock goes into production
The world's largest floating dock, the "Zhonghai Emeishan," started production in CSG Ship-Repairing Base at Changxing Island, Shanghai a few days ago. This marks Shanghai's ability to undertake repair tasks and conversion projects for shipowners around the world. The "Zhonghai Emeishan" has an overall length of 410 metres, width of ...
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Cummins introduces the QSK60 tier 2
Cummins has upgraded the QSK60 marine engine for propulsion and auxiliary applications to meet U.S. EPA Tier 2 and European Union Stage IIIA emissions regulations. With propulsion ratings from 1492 - 1864 kW and auxiliary ratings from 1563 - 1900 kW, the QSK60 Tier 2 is ideally suited for high-hour ...
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STX Europe lays keel of Oasis sister
The keel of 'Allure of the Seas', the second in the series of two of the world's largest cruise ships was laid recently at the Turku yards of STX Europe. The "keelblock" of this size of vessel weighs several hundreds of tonnes and is but one of the 180 blocks, ...
