Latest News – Page 815
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News
Seadrill takes delivery of West Hercules
Seadrill took delivery of the deep water drilling rig 'West Hercules' from the DSME shipyard in South Korea. West Hercules is a sixth generation, high specification, deepwater, state of the art semi-submersible drilling unit. The rig, which is one of the largest drilling units in the Seadrill fleet, has a ...
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POSCO to make joint Daewoo bid with GS Group
POSCO and GS Group, rival South Korean bidders for Daewoo Shipbuilding, said yesterday they would team up in the race to buy the world's No. 3 shipbuilder. POSCO, the world's fourth-largest steelmaker, and GS Holdings , the holding company for energy-to-construction group GS, said in separate statements they were forming ...
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Daewoo decision likely later this month
A preferred bidder for Daewoo Shipbuilding & Marine Engineering Co. is likely to be announced later this month, industry sources said. State-run Korea Development Bank (KDB) and a state-run asset manager are seeking to sell their 50.4% stake in the world's third-largest shipyard bailed out in 2000 after its parent ...
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USA ratifies Marpol Annex VI
The USA has become the 53rd state to ratify Annex VI of the International Convention for the Prevention of Pollution from Ships (MARPOL), with the deposition of an instrument of ratification with the IMO. Annex VI, which was adopted in 1997 and entered into force in May 2005, regulates the ...
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Spain delivers new support vessel to Vroon
Vroon Offshore Services of The Netherlands (VOS) today took delivery of another newbuilding, field support vessel VOS Prospector. The vessel was built by the Zamakona Shipyard in Spain.The newbuilding, designed for standby and emergency rescue and response service, will start a medium-term charter with Total in the UK sector of ...
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Kittiwake acquires BP's stake in Krystallon
Kittiwake and BP announced yesterday that agreement has been reached and completed for Kittiwake Developments Ltd to purchase BP's majority shareholding in Krystallon Ltd effective immediately.In 2006 BP and Kittiwake formed Krystallon, a joint venture company to develop innovative sea water scrubbing technology which reduces the environmental impact of ships ...
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U.S. loses Jones Act case
A federal court in Virginia has handed the Shipbuilders Council of America its second victory this year in cases it brought against the US Coast Guard for allowing major work on Jones Act ships to be done at foreign shipyards.Matthew Paxton, SCA president, said that District Judge T.S. Ellis of ...
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Brazilian shipbuilders get funding boost
The Brazilian government has pledged R$10bn ($4.5bn) of soft-funding to support the country?s resurgent shipbuilding sector. The government?s chief of staff, Dilma Rousseff, said the funds would guarantee not only the construction of new oil platforms and the expansion of state-controlled energy giant Petrobras tanker fleet, but also provide the ...
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LCS christened Independence (LCS 2)
Austal USA?s 127 metre trimaran Littoral Combat Ship, LCS 2 Independence, has been christened during an official ceremony held at its Mobile, Alabama shipyard.The General Dynamics LCS Team - within which Austal is ship designer and builder - christened the state-of-the-art combat ship on 4 October on the waters of ...
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Sea-Cargo orders LNG ferries
Multi-purpose ro-ro operator Sea-Cargo AS in Norway has placed an order for four cargo ferries powered by LNG rather than bunker fuel. They are believed to be the first of their kind.In a statement the Bergen-based firm explained: "With focus on reducing exhaust emissions from short sea and coastal vessels, ...
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Singapore to build DP2 subsea vessel for Hallin
Marco Polo Marine Ltd in Singapore has, via its wholly-owned subsidiary Bina Marine Pte Ltd, secured a S$74.5 million contract to build an 80m DP2 subsea operations vessel for Hallin Marine Subsea International Plc. Delivery is slated for end 2010.The contract sum includes the procurement of saturation diving system and ...
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US report highlights harmful impact of emissions
The Environmental Defense Fund has released a new report on air pollution from large ocean-going ships. Entitled "Floating Smokestacks: A Call for Action to Clean Up Shipping Pollution," the report analyses the latest available data from the U.S. EPA and finds that large ocean-going ships in the United States emitted ...
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ExxonMobil to develop advanced gasification technology
ExxonMobil has entered into an agreement with Pratt & Whitney Rocketdyne to develop next-generation technology to convert coal, coke or biomass to synthesis gas (i.e., CO and hydrogen), which could facilitate the use of carbon capture and storage to reduce greenhouse gas emissions from power generation. Under the agreement, ExxonMobil ...
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India may revive shipbuilding subsidy
The government in India is planning to revive the subsidy scheme in shipbuilding, discontinued since August 2007. "A cabinet note on the extension of subsidy for the shipbuilding industry will be circulated this week. We will get comments, which will be sent to the highest authority for taking a decision," ...
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Boxship orders plunge
Orders for new container ships have dried up as vessel charter rates and ocean freight rates tumble and volume growth slows on key liner trade routes. Enquiries to shipbuilders about new tonnage have "hit the floor," according to London-based Clarkson. The collapse in orders, which has affected all ship sizes, ...
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Exxon invites shipyard bids for gas carriers
Exxon Mobil Corp., operator of a planned $11 billion LNG project in Papua New Guinea, said it will invite shipyards and vessel owners to take part in a tender for the supply of gas carriers to transport the fuel. Pre-qualification for the tender and decisions on the required number and ...
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Sealink in shipyard expansion
Sealink International Bhd, a shipbuilder and operator of offshore support vessels based in Miri, Malaysia, will expand its shipyard for ship repair services in view of the lack of such services in the region. The company's ceo and group managing director Sam Yong said the company would spend RM50mil for ...
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Korean yards facing decline in orders
BNP Paribas SA said newbuilding orders will slow amid a global credit crunch and economic slowdown. The liquidity crunch is making it difficult for shipowners to borrow money and slowing economic growth is undermining trade. "In the face of tighter market liquidity, increased trepidation toward further global economic slowdown and ...
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Wärtsilä extends service centre in USA
Wärtsilä Corporation has inaugurated a new extension to its service centre in Chesapeake, Virginia, USA. The building provides increased capacity for propeller repairs and water jet assembly, while creating a service centre for repair and overhaul of engines, propulsion equipment and shaft seals. The principal customers for the new service ...
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Contracting services from Deltamarin
Deltamarin in Finland recently launched its one-stop Contracting Services. This life-cycle service was launched at the request of its customers and to meet the growing market needs and combines high-quality engineering with cost-efficient construction or conversion support for the marine industry. "We make it possible for our customers to take ...
