Latest News – Page 818
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STX wins SCI Capers
South Korean STX Shipbuilding beat a Chinese firm on price to win a $376.4 million bid to build four new ships for Shipping Corp. of India Ltd (SCI), India?s largest shipping firm by fleet size and revenue. STX quoted $94.10 million for each of the Cape-size bulkers while China?s New ...
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Poland submits shipyard rescue plan
Last Friday Poland submitted restructuring plans aimed at saving its Baltic shipyards in Gdynia, Gdansk and Szczecin to the European Commission in compliance with an EU-imposed deadline. "The Commission will now analyse the plans carefully over the coming weeks to assess the compatibility of the plans with the requirements of ...
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EU turns down shipyard's plan
EU Competition Commissioner Neelie Kroes said that the strategy adopted by the Maltese government to privatise loss-making Malta Shipyards was not acceptable under EU law. This decision leaves the government with no option but to go back to the drawing board and submit a new plan by the end of ...
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First Hamburg Süd newbuilding christened at DMHI
The "Monte Azul", the second unit of a second series of ten vessels of the successful "Monte" class container ships, was christened at the Daewoo-Mangalia Heavy Industries (DMHI) yard in Romania. It was the first ship christening for Hamburg Süd in Romania. The new vessel has a length between perpendiculars ...
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Hull-cleaning technology cuts fuel consumption
A new technology to clean ship hulls without the use of abrasives that can damage or remove anti-fouling paint is said to be attracting world wide interest. Commercial Diving Services' Hull Service Treatment (HST) in Australia says its process is cost-effective, environmentally friendly and will help vessels reduce fuel consumption. ...
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StealthGas orders four Suezmax tankers
StealthGas Inc., a Greek ship owning company serving primarily the LPG sector of the international shipping industry, has ordered two new 156,000 DWT Suezmax crude oil tankers with an option of two additional such vessels. Delivery of the first vessel is expected in May-July 2011 and delivery of the second ...
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Simon M?kster and Simek choose Havyard again
Simon M?kster Shipping in Norway has signed contract with Simek AS for building of one more Havyard 832 CD RS Rescue and Stand by vessel for delivery in March 2010. This will be a sister ship to the one ordered by Simon M?kster Shipping in November last year which is ...
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Revolutionary torpedo free-fall lifeboat
A comprehensive programme of tests carried out by MarinTek in Trondheim, Norway, confirms that the Torpedo lifeboat has properties that no other free-fall lifeboat can match. The new Torpedo free-fall lifeboat, which has been developed by lifeboat manufacturer Noreq AS, has now been fully tested in model-scale by the Norwegian ...
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In-depth analysis of China's shipbuilding industry
The Dublin-based research company Research and Markets has recently produced a report on the Chinese shipbuilding industry entitled "In-depth Analysis of China's Shipbuilding Industry 2008". In this report Research and Markets states that in the first half of 2008 China contracted 455 new ships, down 48.30% year-on-year; carrying capacity 29,004,700 ...
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CSIC to raise funds for expansion
Chinese shipbuilder China Shipbuilding Industry Corporation (CSIC) has gained approval from the National Development and Reform Commission (NDRC), China's top economic planner, to issue CNY 3.5 billion ($ 512.5 million) in corporate bonds from September 3, 2008. The proceeds will be mainly used for three projects, including the Qingdao Haixi ...
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Newport News gets aircraft carrier contract
Northrop Grumman's Newport News shipyard has received a $5.1 billion contract to build the next generation aircraft carrier 'Gerald R. Ford', marking a major milestone for both the yard and the U.S. Navy and ensuring labour stability in Newport News through 2015.The Ford is the lead ship in the newest ...
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ARB could enforce speed limits
Vessels could be forced to reduce speeds to 12 knots within 24 to 40 nautical miles (nm) off the California coastline if the latest proposals by the California Air Resources Board (ARB) are given approval. At an ARB workshop in California, the board discussed measures for vessel speed reduction (VSR) ...
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NSB attributes DSME cancellation to steel costs
German ship manager NSB Niederelbe has denied rumours of financial woes, insisting that the decision to cancel a $610m containership order with Daewoo Shipbuilding & Marine Engineering was taken based on high steel costs. The announcement is an attempt to quell market speculation about the company following a stock exchange ...
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CSD places order for tankers
China Shipping Development (CSD), the nation's biggest oil and coal carrier, announced its wholly-owned unit China Shipping Development (Hong Kong) Marine Co has signed an agreement to buy four oil tankers of 76,000 DWT from Dalian Shipbuilding Industry Co. Under the $228 million deal, the four oil tankers are expected ...
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Innovative dredger for Van Oord
The Rotterdam-based dredging company Van Oord has placed an order for a large self-propelled cutter suction dredger which will be built at IHC Merwede's Kinderdijk shipyard. The new vessel will be one of the largest cutter suction dredgers in the world and delivery is scheduled for the autumn of 2011. ...
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Dubai plans Hormuz bypass canal
Dubai is studying plans to build a $200 billion mega-canal that would allow oil tankers to bypass the Strait of Hormuz. The Gulf emirate is understood to be considering the idea as a means of reducing Iran?s influence on the flow of oil from the region. About 17 million barrels ...
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Polish government backs shipyard plan
Poland's cabinet approved yesterday a rescue plan for its debt ridden shipyards but workers and opposition politicians said the proposal would trigger large job losses and harm support among Poles for the European Union. The EU Commission has given Prime Minister Donald Tusk's government a 12 September deadline to present ...
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Former shipyard turns to superyachts
Southampton councillors have approved a plan to allow US yacht builder Palmer Johnson to begin manufacturing superyachts on the former VT shipyard in Woolston. Local officials say the Palmer Johnson facility would add 800 jobs to the area.
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Wilson expands shipyard
Wilson, Sons logistics company will invest $40 million in the expansion of its shipyard in Guaruj?, on the coast of S?o Paulo in Brazil. The initiative still depends on environmental authorizations. "The expansion may generate 650 direct jobs since we want to double our production capacity," said the company's executive ...
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Four bidders for DSME
POSCO and three other South Korean companies submitted their formal bids yesterday for Daewoo Shipbuilding & Marine Engineering. Korea Development Bank (KDB) said it will pick a preferred bidder in October after allowing POSCO, Hyundai Heavy Industries, GS Group and Hanwha Group to conduct due diligence on Daewoo Shipbuilding for ...
