Latest News – Page 821
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RR waterjet services agreement with ADSB
Rolls-Royce has strengthened its relationship with leading Middle East shipbuilder Abu Dhabi Ship Building (ADSB) though a new agreement which will further improve customer service for Kamewa waterjets in the Arabian Gulf region. The agreement, signed in Abu Dhabi on 20 August, is the third services-related venture to be announced ...
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Pride International to build drillship
Offshore drilling contractor Pride International Inc said it will spend about $745 million to build another ultra-deepwater drillship to expand its presence in deepwater drilling sector. The drillship will be built by Samsung Heavy Industries and is expected to be delivered in the fourth quarter of 2011. "We believe demand ...
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Hanjin Heavy wins order for bulker
Hanjin Heavy Industries & Construction, South Korea's seventh-largest shipbuilder, has won a 108 billion won ($99.9 million) order to build a bulk carrier. The deal with an unidentified Asian shipping company calls for Hanjin Heavy to deliver the vessel by April 2011. Hanjin Heavy's backlog now has reached 90 ships ...
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USCG enforces nontank vessel response plan rule
The U.S. Coast Guard (USCG) announced the beginning of enforcement of the requirements for owners and operators of large cargo vessels other than tankers, known as nontank vessels, to prepare and submit plans for responding to a worst case oil spill from their vessels. Should a nontank vessel be found ...
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India seeks JV for ailing shipbuilder
The government in India has decided to look for a joint venture (JV) partner from the private sector to bail out ailing state-owned shipbuilder Hooghly Dock and Port Engineers Ltd (HDPEL) and allow it to participate in the ongoing ship-building boom in the country.A committee of secretaries, headed by the ...
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Hyundai Heavy bidding for Daewoo
POSCO and Hyundai Heavy Industries officially expressed interest in acquiring a majority stake in world No. 3 shipyard Daewoo Shipbuilding & Marine Engineering estimated at up to $8 billion.The successful buyer could secure a new growth engine from the lucrative energy-related business and strong cash flows of the shipbuilder. Cash-rich ...
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NYK to use new technology to cut pollution
Nippon Yusen K.K. (NYK), Japan's largest shipping line by sales, will spend 70 billion yen ($638 million) over six years on new engines, solar panels and other technologies to help cut vessel fuel usage and pollution. The company aims to cut carbon-dioxide emissions by at least 10 % per ton-mile ...
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Four Kuwait VLCCs for Daewoo
Daewoo Shipbuilding & Marine Engineering has won a deal to build four VLCCs for 743 billion won ($710 million) for Kuwait Oil Tanker Co. Delivery is scheduled to be completed by the end of 2012. So far this year, the shipbuilder has won orders valued at $11.61 billion to build ...
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Samsung wins drill ship contract
Samsung Heavy Industries has received a 689 billion won ($641 million) contract to build a drill ship. The deal with a U.S. shipping company calls on Samsung to deliver the vessel used for deep-water oil exploration by 2011.
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Cochin small ship division gets green light
The Union Government has approved the proposal of the Cochin Shipyard (CSL) for the creation of a Small Ship Division in the yard. The project, to be set up at an investment of Rs 98 crore, is expected to be completed by mid-2009. Equipment required for the project has already ...
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EPA permits needed for ballast discharge
Ships will soon need permits from the US Environmental Protection Agency (US EPA) for their operational discharges in US waters including ballast water, bilge water and grey water. The issue of operational discharges is currently being regulated in the US by the Clean Water Act.Since 1973, owners have been benefitting ...
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Korea's big two reduce speed
South Korea's two largest box carriers, Hanjin Shipping Co. Ltd and Hyundai Merchant Marine Co., Ltd, will reduce the speed of some of their vessels to cut down on bunker consumption. The two shipping giants are feeling the pinch of escalating bunker fuel prices that have contributed to higher operating ...
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Jurong to build shipyard in Brazil
Singapore company Jurong is investing 500 million reais ($308 million) in the construction of a shipyard in Aracruz, Brazil, for building oil and gas production rigs and ship repair. The Brazilian press states that the development would be located in an area of some 1 million square metres close to ...
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Davie Yards seeks refinancing
The Canadian shipyard Davie Yards is working on a restructuring plan to try to protect the Quebec-based ship builder from an expected cash shortfall more than a year after its purchase by Norwegians. "We have to restructure our finances so we have a better platform for the future," new CEO ...
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Beluga launches P-series
Beluga Shipping, based in Bremen, Germany, has recently launched the Beluga P-series, a new state-of-the-art multipurpose super heavy lift project carrier. The P-series will represent the next generation of flexible carriers operating more independently from local port infrastructure. It is an ideal strategic answer to the current market situation marked ...
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OSJ's ship of the year 2008
'Island Constructor' has won Offshore Support Journal's prestigious 2008 'Ship of the Year' award. The jury said: "Island Constructor was chosen as OSJ?s ?Ship of the Year? 2008 as a result of the vessel?s particularly versatile and innovative design.The X-Bow Island Constructor is a very impressive vessel in many ways, ...
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Goldenport orders 2 more bulkers
Goldenport Holdings Inc. has ordered two more bulk carrier vessels from Qingshan Shipyard of China for a total $91.66 million. Qingshan, member of the Changjiang National Shipping Group, will deliver the 57,000 dwt vessels around December 2010.
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Shipping recycling abroad is less polluting
As shipping comes under fire for emitting more pollutants than previously expected, there comes a new twist as another study reveals shipping recycling to China emits less carbon dioxide (CO2) than sending it to a local landfill site. The emissions caused by transporting material from the UK to China accounted ...
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Polish government to help in shipyards privatization
"Part of the old debts needs to be covered in order for another party to pay the rest and invest", Polish Treasury Minister Aleksander Grad has said referring to the privatization of the beleaguered Polish shipyards. The European Commission has strongly objected to state aid offered to the companies by ...
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Wärtsilä inaugurates Indian plant extension
Wärtsilä has taken another big leap towards growth in India by inaugurating a new extension to its plant in Khopoli, Maharashtra. The plant manufactures auxiliary units and modules for engine driven power stations. The new extension will primarily cater to the requirement of Wärtsilä Group to supply auxiliaries all over ...
