Latest News – Page 819
-
News
Malaysian yard wins OSV contract
Malaysian shipbuilder Coastal Contracts has secured an $86.5 million contract to supply six offshore support vessels (OSV). Coastal has won about 1.1 billion ringgit ($139 million) worth of vessel orders this year, bringing the value of its total order book to 1.7 billion ringgit ($493 million), the company said.
-
News
Korea wins half of world's shipbuilding orders
South Korean yards won half of the world's shipbuilding orders in the first half of this year, strengthening the country's dominance in the industry the government said. The country's shipbuilding yards secured orders for 12.40 million compensated gross tons, or 50.6% of the world total. It said overall global demand ...
-
News
Maersk orders VLCCs
Maersk Tankers has signed an agreement with STX shipbuilding company in Korea for the delivery of four VLCCs in 2011-2012. "We are very pleased with this order. The vessels are an important part of our strategy to grow our presence in the VLCC segment. With the order we will reach ...
-
News
Gdynia and Szczecin need state investment
Polish treasury minister Aleksander Grad announced last week that "To make the restructuring effective, it is necessary to provide additional public aid to the shipyards. Shipyards in Gdynia and Gdansk need z³.835 million, while the Szczecin shipyard - z³.400 million. We realize that these sums might be shocking, but without ...
-
News
STX may join POSCO bid
STX Group said that it is ready to chip in 300 billion won to join a consortium led by local steel giant POSCO to take over Daewoo Shipbuilding & Marine Engineering (DSME). "We want to participate in the Daewoo Shipbuilding bidding. But we will invest a maximum of 300 billion ...
-
News
Wärtsilä and Mitsubishi announce smaller low-speed engines
Wärtsilä introduces two new low-speed marine diesel engines at the Wärtsilä Licensees Conference held this week in Lucerne, Switzerland. The engines are developed in co-operation with Mitsubishi Heavy Industries in Japan, taking advantage of the strengths of both companies with these types of engines. This project comes under the strategic ...
-
News
IMO under pressure to act on emissions
There is a new warning that the IMO must act quickly to find consensus of ways of reducing carbon dioxide (CO2) emissions. "The EU (European Union) is putting pressure on the IMO. They want them to do a lot more," said Christopher Frisk, head of Brussels representation for the Swedish ...
-
News
BAE India looking to build ships
BAE Systems India, subsidiary of the Britain-based global defence company BAE Systems, is planning a foray into shipbuilding besides expanding operations in India with more joint ventures and partnerships, a top company official said. "We are open to shipbuilding and will explore it. Our team will start working on it ...
-
News
Sealink expanding shipyard
Shipbuilder and charterer, Sealink International Bhd in Malaysia has allocated RM50 million ($14.5 million) as capital expenditure to expand its shipyard at Kuala Baram in Miri. The company owns another shipyard located in Krokop/Piasau also in Miri. Both shipyards can build up to 15 vessels a year and the company ...
-
News
Poland to unveil shipyard privatization plans
The Polish government on Thursday said investors interested in the privatisation of the country's ailing shipyards would present their plans in time for an EU deadline of 12 September.Following Polish promises to present viable plans for the restructuring of ailing yards by the September deadline, the European Commission said in ...
-
News
Scrubbers get support in California
Industry has come out in support of emissions scrubbing technology in California, an industry poll has revealed. By a narrow margin, 55% of respondents to the poll on sustainableshipping.com said that "it would be more cost-effective if scrubbers could be used". Under regulations from the California Air Resources Board (ARB), ...
-
News
More speed reductions forecast
Shipping analysts expect container lines to reduce vessels speeds still further as a way of cutting bunker consumption. "According to our analysis, a sailing speed of 21 knots is still far from the optimum," said Pierre Sames, head of competence engineering for the classification society Germanischer Lloyd. Sames was speaking ...
-
News
Kongsberg acquires GeoAcoustics
Kongsberg Maritime in Norway has signed an agreement to acquire the UK-based sonar company GeoAcoustics Ltd for approximately NKr 42 million. The acquisition of the Great Yarmouth-based company will enhance Kongsberg Maritime's market position, as GeoAcoustics' products will complement Kongsberg's product portfolio.GeoAcoustics has 30 years of experience in underwater acoustics ...
-
News
Hanjin wins order for two tankers
Hanjin Heavy Industries & Construction has won a $330 million order to build two oil tankers. The deal with Emarat Maritime LLC of the United Arab Emirates calls on the shipyard to deliver the vessels by June 2011. Hanjin Heavy said its backlog has now reached 93 ships worth more ...
-
News
QinetiQ awarded MoD maritime contract
The UK Defence-technology group QinetiQ has won a £150m contract from the Ministry of Defence (MoD) to provide testing and design services for ships, submarines, and other maritime equipment.The 15-year contract, called the Maritime Strategic Capabilities Agreement (MSCA), gives the MoD and other government operations access to QinetiQ's facilities and ...
-
News
US vessel speed restrictions
Vessels could be forced to reduce speeds to 10 knots if a new regulation by the National Oceanic and Atmospheric Administration (NOAA) in the USA gets given the go-ahead. The NOAA Fisheries Service is currently seeking comment on the final Environmental Impact Statement (EIS) for the Ship Strike Reduction Rule ...
-
News
Wärtsilä acquires Navelec
Wärtsilä has acquired Navelec SAS, a French company specializing in marine navigation and communication systems, electrical marine services, and control and automation services. Navelec's main office is located in Le Havre, France, with branch offices in St. Nazaire and Brest. "Through this acquisition, Wärtsilä is able to broaden its service ...
-
News
Sealink bags barge contracts
Sealink International Bhd's unit, Sealink Shipyard Sdn Bhd (SSSB), has secured two contracts worth RM62 million ($18 million) to construct the hulls for two 111-metre accommodation work barges for Singapore-based Swire Pacific Offshore Operations Pte Ltd.The construction of the hulls will take place at the SSSB shipyard in Miri, Malaysia, ...
-
News
STX Europe is official
Europe's biggest shipbuilder, Aker Yards of Norway, is now officially renamed STX Europe ASA as a result of the takeover by South Korea's STX Shipbuilding. The name change was approved by an extraordinary general meeting of shareholders, which also elected Su-Jou Kim as the new chairman, Aker Yards said in ...
-
News
Hanjin Philippines launches second newbuilding
South Korean shipbuilder Hanjin Heavy Industries Corp.-Philippines in Subic Bay, has recently completed its second container ship, named CMA CGM Turquoise, with a market value of over $60 million. Hanjin completed the ship just over a month after delivering its first order, the Argolikos, to its Greek owner. The new ...
