Latest News – Page 822
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ABG in new Gujarat shipyard venture
The Indian private shipbuilder ABG Shipyard has decided to set up a greenfield shipyard in south Gujarat with an investment of Rs 1,200 crore. The new 300 acre shipyard will be larger than ABG's two existing shipyards at Surat and at Dahej in Gujarat. ABG Shipyard CFO Dhananjay Datar said, ...
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Japan wins CECO Supramax quartet
Camillo Eitzen & Co ASA (CECO) in Norway has entered into agreements to contract four additional newbuildings supramax bulk vessels, to be delivered from Japanese yards during 2012-2013. The vessels are financed as a combination of straight purchase and long term time charter agreements with purchase options. All four 60,000 ...
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Romania orders unique offshore vessel
Romanian contractor GSP Drilling has signed a contract with Keppel Singmarine for the construction of the DP3 multipurpose vessel ?GSP Titan?. The new vessel will be unique in the world as it efficiently and economically combines three offshore operating capabilities into one vessel design: pipelay, heavy lift and tender assist ...
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Scrubber manufacturer looks East
UK-based scrubber manufacturer Krystallon Limited is looking to expand in the Far East, according to a news report. Krystallon Managing Director Chris Leigh-Jones said "Most of the newbuild yards are in the Far East. With some 1,500 to 2,000 newbuilds coming out of these yards every year, it makes sense ...
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STX takes over Aker
On Monday STX more than doubled its participation in Norway's Aker Yards, Europe's biggest shipyard, thereby securing full management control and bringing the South Korean group closer to being the world's leading shipbuilder.STX, which was bound under Norwegian law to make a full bid for Aker Yards after it passed ...
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LNG tanker fleet set for major expansion
The increasing global demand for LNG will necessitate a three-fold rise in the number of LNG tankers by 2030 according to the latest report from the Oxford Business Group. Citing Lloyds?List, Oxford Business Group said the international demand for LNG could rise from last year?s 226 billion cubic metres (165 ...
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Reliability doubts over new BC ferry
It has been rough sailing for the new pride of B.C. Ferry Services fleet, Coastal Renaissance, since departing from German shipbuilder Flensburger Schiffbau-Gesellschaf's shipyard earlier this year. The lead vessel in the three-ship Super C-class ferries, built at a total cost of $542 million, has been beset by problems since ...
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LR EMEA to acquire Scandpower
Lloyd?s Register EMEA has made its most significant move yet in becoming the leading authority in the provision of risk management services to the nuclear, oil and gas, and transportation sectors, having signed Heads of Terms to acquire 100% of the share capital of Scandpower AS.The acquisition will be the ...
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STX snaps up contract for VLCCs
STX Shipbuilding has won an order worth 322 billion won ($310 million) from a European client to build two VLCCs for delivery by end March, 2012.
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Doosan drops out of race for DSME
Doosan Group pulled out of the bidding for Daewoo Shipbuilding while the Korean steel firm POSCO is seeking partners to make a bid.Shares in Doosan group companies rose after it said it would not bid for Daewoo, easing concerns over the financial health of the conglomerate, which has made a ...
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Samsung wins drillship
Samsung Heavy Industries has won a 729 billion won ($701.4 million) order to build a drillship for an unidentified company in the Americas. The vessel is slated for delivery by February 2012.
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India address manning crisis in shipping
India's theme of the year for 2008, announced on National Maritime Day, is ?Solving the manning crisis in the maritime industry?. At the fourth annual India Shipping Summit (ISS), which will run from 29 September to 1 October at Grand Hyatt Mumbai, a special forum will be devoted to examining ...
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Kongsberg Maritime and Zhenjiang form JV
Kongsberg Maritime has further strengthened its market position in the Asian region by forming a new joint venture with the Chinese company Zhenjiang Marine Electrical Appliances. The new company, Kongsberg Maritime China Zhenjiang Ltd., is focused on the delivery of electrical control & distribution units to the marine industry.Zhenjiang Marine ...
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KDB invites Daewoo bids
Korea Development Bank (KDB), a top shareholder in Daewoo Shipbuilding, will invite bidders for the world's No.3 shipbuilder next week in a bid to complete a $4 billion sale this year. "A public notice for sale of Daewoo is likely to come out next week," a KDB official said, adding ...
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STX bags SCI bulker order
Shipping Corporation of India signed a contract with STX shipyard this morning for the construction of four 80,655 dwt Kamsarmax bulk carriers. The vessels, costing $59.55m each, are due for delivery in 2012 and bring the SCI orderbook to 32 vessels of 2.7m gt, worth a estimated $1.8bn comprising two ...
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Two more Musica class for Aker
Aker Yards and MSC Cruises have signed a contract, subject to financing, for building a further two cruise ships of 89,000 gt Musica-class. The vessels will be built at Aker Yards, Saint-Nazaire and delivered in February 2011 and February 2012 respectively. These will be the fifth and sixth in the ...
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Another blow for Sevmash
The construction of the world?s first floating nuclear power plant at Sevmash shipyard in Severodvinsk will now be moved to Baltiysky shipyard in St. Petersburg. Officially, the contract with Sevmash is cancelled because the shipyard is inundated with military orders from the navy according to Russian nuclear state company, Rosatom.Several ...
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Another construction vessel for Coastline Maritime
Singapore-based Coastline Maritime will invest in a new multipurpose construction vessel which is likely to be constructed at Drydocks World Singapore's shipyard in Batam, Indonesia.Coastline has procured part of the required equipment for the newbuild vessel for which construction is expected to begin in the first quarter of next year ...
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Keppel to build seventh ENSCO semi
Keppel FELS in Singapore has won the contract to build the seventh ENSCO 8500 series deepwater semisubmersible (semi) worth $560 million including equipment specified by the owner. To be delivered in the second half of 2012, the ENSCO 8506 will be the seventh consecutive semi that Keppel FELS is constructing ...
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Daewoo in VLCC quartet deal
The Kuwait Oil Tanker Company (KOTC) has signed a letter of intent with Daewoo Engineering & Construction to build four VLCCs for $700 million. The final contract will be signed on 21 August and delivery is scheduled for end 2011 as part of a fleet renewal plan. KOTC will also ...
