Latest News – Page 823
-
News
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 ...
-
News
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 ...
-
News
Oceania names first newbuilding
Work has started on the first of two 65,000 gt Oceania class newbuildings of the Florida based upper premium operator Oceania Cruises at Fincantieri's Sestri Ponente Shipyard in Genoa, Italy. During the ceremony of the first steel cutting, Frank Del Rio, Chairman of Prestige Cruise Holdings, Oceania Cruises' parent company, ...
-
News
JFE and IHI in merger talks
JFE Holdings Inc. and IHI Corp. are in talks to create Japan's biggest shipbuilding company to compete against South Korean and Chinese yards. "We're in discussions with JFE about shipbuilding operations,'' said Keiichi Sakamoto, a Tokyo-based IHI spokesman. "Details have yet to be decided." JFE, Japan's second-biggest steelmaker, declined to ...
-
News
Tognum invests heavily in production
The Friedrichshafen-based Tognum Group continues its expansion trend. The company decided to invest an additional ?75 million in capacity expansion in the production of MTU engines, L?Orange high performance injection systems, as well as the extension of the MTU Onsite Energy power generation systems during the current and the coming ...
-
News
Tognum and Hug set up exhaust after treatment JV
The Tognum Group in Germany and the Swiss company Hug Engineering AG have agreed on a joint venture for cooperation in the field of exhaust after treatment. The new company will be established on October 1, with its headquarters in Switzerland. Specialists from both companies will be cooperating to ensure ...
-
News
Aker bows to STX bid
Aker Yards shipbuilding said last Friday that a $1.3-billion bid by STX of South Korea underrated the company's potential, but advised shareholders to accept against a background of weak results.The group reported a temporary slowdown of cruise-liner construction and downgraded its profit margins for the full year. And it said ...
-
News
Malta invites offers for its shipyards
Malta?s privatisation unit is offering the shipyards on a 30 year lease and the call for expressions of interest does not specifically limit the use of the assets to shiprepair. It does include a few clauses that would indicate that the ?yards should remain active in their current role. For ...
-
News
Chamber of Shipping considers options for reducing CO2 emissions
The Chamber of Shipping (CoS) hosted a meeting of its members to consider the merits of market-based instruments which could help shipping reduce its carbon emissions. The CoS has endorsed the need for action by all parties, Government and industry, to achieve a positive outcome to the current discussions within ...
-
News
Invitation to break with maritime traditions
Dutch shipping companies Wagenborg Shipping, Flinter Management and Amasus Shipping will investigate the social, legal and technical possibilities of shore support for short sea ships. This will improve ships? safety and stimulate flexible manning opportunities. International parties are invited to take part in this unique initiative.When a ship leaves a ...
-
News
Fairplay and Multraship join forces
Dutch towage and salvage specialist Multraship and Hamburg-basedFairplay Towage have joined forces to create a platform for expansion.Under the agreement Fairplay BV, the Dutch arm of the Fairplay group,will take a 50 % shareholding in Muller Maritime Holding, theholding company for Multraship. The two companies joined forces in orderto strengthen ...
-
News
MISC orders product tankers from Korea
MISC Bhd in Malaysia has ordered eight new 45,000 dwt chemical/product oil tankers worth a total of $430 million from South Korean shipbuilder SLS Shipbuilding Co Ltd. The first three units will be delivered in 2009 and the remaining five will be delivered in 2010."This is aimed at expanding MISC's ...
-
News
Daewoo wins US contracts
Daewoo Shipbuilding & Marine Engineering in Korea has won $1.46 billion (HK$11.38 billion) contracts from two US customers. DSME received an order to build a semi-submersible drilling rig from an unidentified US customer for $700 million with an option for a second unit, and a contract for a drill ship ...
-
News
Oman seeks $4bn for shipping expansion
Oman's state shipping firm aims to raise $4 billion by year-end to finance its proposed fleet expansion programme. This money will finance the existing vessels already on order and the purchase of more ships. Oman Shipping Company (OSC) is looking to grow its fleet to meet demand for energy transportation ...
-
News
P&O Ferries orders two giants
P&O Ferries has signed a ?360m contract with Aker Yards for the two largest ferries ever to be constructed for the Dover-Calais service. The first of these ships will enter service in December 2010 and the second in September 2011, replacing the 'Pride of Dover' and the 'Pride of Calais'. ...
-
News
Safedor final conference
SAFEDOR (Design, Operation and Regulation for Safety) is about to complete its four years R&D programme. This integrated project (IP) is funded by the European Commission under the 6th RTD Framework Programme, in which a total of 53 project partners, coordinated by Germanischer Lloyd, from all sectors of the maritime ...
-
News
Prime DSME bidder to be decided in October
Creditors of Daewoo Shipbuilding & Marine Engineering (DSME) are expected to select a preferred bidder for the shipbuilder in October. According to industry sources, the state-run Korea Development Bank (KDB) started a due diligence on the shipbuilder last week as its labour union ended a month-long protest over the sale ...
-
News
Major order for Wärtsilä-Hyundai JV
Wärtsilä-Hyundai Engine Company Ltd., the new joint venture between Wärtsilä and Hyundai Heavy Industries in South Korea, has received a major order. The order calls for a total of 16 Wärtsilä 50DF engines for four ships to be built by Samsung Heavy Industries. The contract also includes an option of ...
-
News
Polish shipyard bankruptcy would have far reaching affect
The potential bankruptcy of Polish shipyards will not only affect those employed locally, but also the fall of some 800 mid-sized companies, both domestic and international, employing 100,000 workers.If the EC declares that the new structuring plans, due on 12 September, do not meet EC privatization laws then the Gdansk, ...
-
News
GSI buys part of CSSC
Guangzhou Shipyard International (GSI) has agreed to buy Guangzhou Wenchong Shipbuilding from its parent and the mainland's biggest shipbuilder China State Shipbuilding Corp (CSSC) for 3.04 billion yuan as part of a reorganization of the industry in China. "The acquisition will enable us to enjoy a bigger market share and ...
