Latest News – Page 824
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Box ship deal ditched by Daewoo
Romania?s struggling shipbuilding industry is under the spotlight after South Korea?s Daewoo Shipbuilding and Marine Engineering cancelled a large containership order. The $620 million contract for eight 4,250 TEU ships was placed earlier this year by German owner NSB Niederelbe with Daewoo Mangalia Heavy Industries in Romania. DSME stated that ...
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Israel Shipyard delivered first cargo ship to European buyer
Israel Shipyards (ISL) recently delivered of a general cargo ship to a German customer. The vessel was built under contract to deliver two general dry cargo ships worth $28 million. The single hold 90 metre long and 15.4 metre wide vessel is classified as a 4,750 dwt bulk carrier.ISL is ...
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Evergreen yard shelved
Taiwan?s container liner Evergreen Marine's parent, Evergreen Group, has shelved a plan to invest in a Chinese shipyard due to weak market conditions. Evergreen had intended to form a shipbuilding joint venture in the southern Chinese port city of Quanzhou with the local government. A spokesman for the company said ...
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?K? Line invests in new Chinese ship yard
Kawasaki Kisen Kaisha, Ltd. ("K" Line) in Japan has reached an agreement with the holding company of Titan Quanzhou Shipyard Ltd. (TQSL), a shipyard under construction in a suburb of Quanzhou City, Fujian Province, PRC by Titan Petrochemicals Group Ltd., for "K Line to become a primary strategic partner in ...
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HMD next generation PCTCs
The shipbuilding process for Pure Car/Truck Carriers (PCTCs), the next- generation ship that Hyundai Mipo Dockyard (HMD) has recently made one of its main products, is proceeding smoothly. HMD held a meeting with all parties concerned, including representatives from all production departments, regarding the production process of PCTCs. At the ...
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New yacht building yard in UK
For decades, Palmer Johnson in the US has produced some of the world's largest luxury motor yachts and, last week, president and CEO Mike Kelsey Jr. confirmed that the company was opening a shipyard in England, in part because of skilled labor shortages in northeastern Wisconsin.Palmer Johnson is not downsizing ...
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Ice Maiden contract collapses
The Ice Maiden 1 conversion contract at A&P Tyne, Hebburn, should have kept several hundred workers busy until next March. But the order is now in doubt after troubled Scottish company C&M Group went into administration this week, after serious cash-flow problems.A&P Tyne managing director David Skentelbery said: "Obviously, we ...
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Sevan confirms Cosco options
Cosco Shipyard Group will build two more Sevan 650 drilling units at a combined value of $500 million for Sevan Marine ASA. Sevan has made prepayment of S$7 million to secure the steel materials procurement for the two drilling units. A formal agreement is expected to be signed at a ...
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JYSC wins mega contract
According to Jiujiang Yingxin Shipbuilding Company (JYSC), one of the largest private shipbuilders in China, the company has recently signed a large newbuild contract with Dalian Haichang. The contract involves building 20 60,000 dwt bulk carriers worth over $900 million. This is so far the largest single new-build contract in ...
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Brazil orders dozen VLOCs
Brazilian iron ore miner Vale has ordered 12 very large ore carriers (VLOC) from Chinese shipbuilder RongSheng Shipbuilding and Heavy Industry for $1.6 billion. Each of the ore carriers will have a capacity of 400,000 dwt and delivery of the first of these vessels is expected in early 2011 with ...
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Siba expands livestock fleet
Italian-based Siba Ships, the world?s leading maritime livestock transporting company, has placed a $250 million order for two livestock carriers to be built at Croatia?s Uljanik yard. The new vessels will carry 18,000 cattle or 75,000 sheep safely and in comfort. Aimed at the thriving Australian livestock export trade, the ...
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Fincantieri to acquire Manitowoc
Italian shipbuilder Fincantieri has signed a definitive acquisition agreement to acquire the Manitowoc Marine Group (MMG), from its parent company, The Manitowoc Company, Inc. Lockheed Martin Corporation has agreed to be a minority investor with Fincantieri in the proposed acquisition.The transaction, that is valued at approx. $120 million (subject to ...
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Gulfs Area and Southern South African waters special areas
Special Areas in which the discharge of wastes from ships is prohibited will take effect in the ?Gulfs area? and off southern South Africa on 1 August 2008, providing extra protection from pollution from shipping in those areas under the International Convention for the Prevention of Pollution from Ships (MARPOL). ...
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Polish yard negotiations continue
A report on the progress of negotiations with investors interested in buying the Polish shipyards was sent to the Polish Treasury Minister yesterday. Aleksander Grad has designated special teams to conduct the negotiations. ?Today I will receive information from the negotiation teams about what has and what has not been ...
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GPA opens European subsidiary
Seattle-based naval architect firm Guido Perla & Associates, Inc. (GPA), is further expanding its international focus after opening an office in Shanghai, China in 2004, and has announced the establishment of a European subsidiary "Guido Perla Europe GmbH" (GPE GmbH) in Germany. GPE GmbH will initially handle the sales, marketing ...
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Austal USA expanding yard
Austal?s US operation located in Mobile, Alabama, celebrated the start of work on its Modular Manufacturing Facility (MMF) with a groundbreaking ceremony. The MMF project when complete will include 65,000m2 of manufacturing space, 7,400m2 of warehouse space, and 5,600m2 of office space. In addition to the buildings, the site will ...
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DW expanding in SE Asia
Drydocks World (DW) - SE Asia expects to start operations at a fifth yard in the Southeast Asia region in 18 months' time. Dredging work will begin on the 174-hectare (430-acre) site in Batam, Indonesia from late September. The new yard, PT Maritime Centre, will be operated by a 80/20 ...
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Another drillship order for DSME
South Korea's Daewoo Shipbuilding and Marine Engineering Co. (DSME) secured a drillship order from an undisclosed client based in the Americas. The drillship, valued at a reported KRW766 billion ($754.7 million), is scheduled for delivery by mid-2011.The unidentified client is believed to be Rio de Janeiro-based Petroserve SA which earlier ...
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WWF welcomes recommendations for robust Marine Bill
WWF-UK welcomes the findings of the joint committee report on the Draft Marine Bill which have been published today. The report raises important points about the need to strengthen the provisions of the Marine Bill to ensure the UK seas are managed sustainably.WWF welcomes the recommendation for clarity on the ...
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Another Qingdao yard emerges
The recently established Qingdao Yangfan Shipbuilding Co., Ltd., funded by Yangfan Group and Qingdao Machinery Industry General Co., Ltd., with a total registered capital of RMB650m, plans to construct a shipbuilding facility at the Jimo Nvdao Lingang industrial zone. Qingdao is an emerging shipbuilding centre with a large number of ...
