Latest News – Page 812
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EC agrees Polish rescue plan
The European Commission has concluded, following four years of investigation, that state aid granted to Gdynia shipyard and Szczecin shipyard gives rise to disproportionate distortions of competition within the Single Market, in breach of EC Treaty state aid rules, and must be repaid. The Commission has simultaneously agreed to accept ...
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Pipavav order book healthy
Pipavav Shipyard Ltd (PSL) in India is currently in the process of executing shipbuilding orders worth $1.2 billion for various ship owners abroad, Debashis Bir, President, Shipbuilding, Pipavav Shipyard, has said. The present order book position of the company included 22 Panamax carriers with 74,000 DWT each for Norwegian, Greek ...
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Iraq to build new shipyard
Iraq's government has announced plans to build an $850m shipbuilding and repair facility at its Gulf seaport. A government statement said a company belonging to the Iraqi Industry Ministry will manage the design and construction of the shipyard in the port of Khor al-Zubeir and would be used to build ...
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Spanish shipbuilders finalize Pdvsa deal
Spanish shipyards Freire and Vulcano and state-run oil company Petróleos de Venezuela (Pdvsa) finalized a contract to build five vessels for Venezuela. The agreement, amounting to Euro 400 million ($513 million), is set to be signed in the coming months. It includes the construction of three oceanographic ships and two ...
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Hamworthy acquires BDC
Hamworthy has augmented its wider design capabilities with the acquisition of a majority interest in Baltic Design Centre Limited (BDC), an experienced ship design and consultancy business based in Gdynia, Poland. BDC will be renamed Hamworthy Baltic Design Centre (Hamworthy BDC). Commenting on the acquisition, Joe Oatley, Chief Executive of ...
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DD World to take majority stake in Chinese shipyard
The Southeast Asian operations of Dubai Drydocks World (DD World), the ship repair, conversion and building subsidiary of Dubai World, has agreed to acquire a 60% stake in a shipyard in China for $55 million. The acquisition will be a joint venture with Singapore-based Topniche Associates owning the remaining 40% ...
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Pipavav shipyard faces uncertainty
Mumbai-based Pipavav Shipyard, India?s newest private sector shipbuilder, may find itself grounded with six 75,000 dwt Panamax bulk carriers after a buyer announced earlier this week that it might go into liquidation. London-based Britannia Bulk Holdings Inc. said recently that following a substantial third quarter loss for calendar year 2008, ...
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Keppel expands Cebu operation
The Board of Investments (BOI) has approved a P589,927 million ($12.04 million) project of Keppel Singmarine Philippines Inc. (KSPI) for the production of tugboats and offshore support vessels for export. KSPI said the new project was in line with the Keppel Group's Near Market, Near Customer strategy and its support ...
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Transpetro will not delay tanker orders
Transpetro, the transport unit of Petroleo Brasileiro SA, will be able to maintain a 49-tanker fleet expansion program because it has sufficient financing from a government fund and can ignore the world credit crunch, the unit's president said. Brazil's Merchant Marine Fund, managed by state-development bank BNDES, has enough cash ...
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BW orders four VLOCs
BW Bulk UK Co, a sister company of Singapore based BW Group, has ordered four 388,000 DWT very large ore carriers (VLOC) from Bohai Shipbuilding Heavy Industry Co Ltd in China for delivery in 2011 and 2012.
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Aker is now STX Europe
"As Aker Yards, this company established a track record for building some of the world's most innovative ships. As STX Europe, we approach the market with a new brand and the sharper strategic focus of attaining international market leadership within our two key segments: cruise and offshore vessels," says Torstein ...
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Abu Dhabi still interested in Polish shipyards
Polish newspapers report that Abu Dhabi Investment Authority (ADIA), the world?s biggest sovereign wealth fund with estimated assets at $875 billion, is still interested in Polish shipyards. The Polish State Treasury received an inquiry from ADIA in July 2008, but no offer was received. Deputy Treasury Minister, Zdzislar Gawlik, said: ...
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Wärtsilä propulsion systems for Aker Yards
Wärtsilä has signed major contracts with Aker Yards AS S?viknes and Aker Yards AS Trading - the recently established project development arms of the Aker Yards Group - for the supply of propulsion equipment for five offshore vessel projects being built in Norway, India and Brazil. The orders cover the ...
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CEVA wins award redesigning Wärtsilä's parts transportation system
Wärtsilä Corporation's logistics partner, CEVA Logistics, has been awarded the first Lean & Green Award 2008 in the Netherlands. CEVA Logistics won the award for their best practice example in designing a CO2-friendly supply chain for Wärtsilä. The award was granted by Connekt, a recognized Dutch forum that promotes smart ...
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Polish shipyard workers protest in Brussels
Some 300 workers from the ailing Polish shipyards have been protesting in Brussels, demanding their jobs be saved. The European Commission is closely involved in the future of the Gdynia and Szczecin shipyards, both heavily in debt and reeling from the impact of EU competition rules.Last week, Poland said that ...
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Wärtsilä powers world's largest ore carriers
Wärtsilä engines will power the world's largest ore carriers, 12 of which have been contracted by a Brazilian shipowner. This is the biggest order for Wärtsilä RT-flex82T low-speed engines, which is one of four new engine types introduced by Wartsila, all of 820 mm cylinder bore. It combines the benefits ...
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China unveils world?s first VLCC built to CSR
Tanker shipping entered a new era of robust vessel construction recently when Shanghai Waigaoqiao Shipyard (SWS) delivered to Singapore?s Ocean Tankers (Pte) Ltd the first VLCC built to Common Structural Rules (CSR).Weighing in at 318,000 dwt, the 333 metre long and 60 metre wide Hua San, the first of 11 ...
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Fincantieri to build fleet tanker for Indian navy
Fincantieri has won an order to build a fleet tanker for the Indian Navy against strong competition from leading international players, especially from Russia and Korea. The vessel, which will be built at the shipyards in Liguria, is scheduled for delivery at the end of 2010 and will be 175 ...
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Anglo-Italian alliance formed for RFA contract
At the opening day of the Euronaval Exhibition in Paris a major Alliance was announced between Italian shipbuilder Fincantieri and UK shiprepair, conversion and military support specialist NSL. Fincantieri is forming a major European Alliance with the British shipyard, Northwestern Shiprepairers and Shipbuilders Ltd (NSL) which is based in the ...
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DD Docks expands in India
Dubai Dry Docks Limited has bagged the project, for a ship yard along with a drydock in a 400-acre site adjoining the fishing harbour in Kakinada, Special Secretary to Andhra Pradesh government, Infrastructure and Investments and Ports K V Brahmananda Reddy said. He said an MoU in this regard would ...
