Latest News – Page 827
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Jurong shipyard secures second Atwood rig
Jurong Shipyard, a wholly-owned subsidiary of Sembcorp Marine, has secured a 2nd rig order from Atwood Oceanics Pacific Limited ("AOPL"), a wholly-owned subsidiary of Atwood Oceanics Inc. to build a deepwater semi-submersible drilling rig with an option for an additional 3rd unit.Scheduled for delivery in mid-2012, this 2nd unit of ...
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RR propulsion purchase
Rolls-Royce has announced its intention to acquire Scandinavian Electric Holding, a supplier of packages for hybrid and diesel-electric marine propulsion systems. Rolls-Royce will purchase 100% of the equity of the company from Borea Opportunity 11 AS for £43m in cash subject to regulatory approval from the Norwegian competition authorities. The ...
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Casualty expert blames poor quality machinery
Shipowners and underwriters are forking out "staggering" amounts for engine damage, a leading marine engineer and casualty expert has warned.Both "man?s inhumanity to machinery" and poor products are to blame, the Society of Consulting Marine Engineers and Ship Surveyors? president, John Lillie, told a meeting in London of the International ...
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Norden drive to reduce emissions
Danish tanker and bulker owner D/S Norden AS plans to reduce its carbon dioxide (CO2) emissions this year by 2%. A new report by Norden revealed they have installed monitoring systems to all of their ships as part of an environmental initiative to reduce bunkers and minimise CO2 emissions. Last ...
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Chinese shipbuilder wins UAE contract
The Abu Dhabi-based Al Jaber Group has awarded a $500 million contract to Chinese shipbuilder Jiangsu Hangtong Ship Heavy Industry to build and supply eight bulk carriers. "The deal that was signed with Jiangsu Hangtong Ship Heavy Industry will position Al Jaber Shipping Agency and Marine Works as the biggest ...
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Havila orders new construction ship
The Norwegian offshore company Havila Shipping ASA has entered into a contract with Havyard Leirvik AS for the building of a large subsea construction vessel based on a new developed design, Havyard 860. The value of the contract will be approximately $269 million including owner delivery of offshore cranes and ...
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Industry forum to tackle image crisis
Shipping?s lacklustre image is to be tackled head on by the formation of a new globalforum of maritime leaders. Launched at this week?s successful 2nd International Ship Management Summit in Limassol, Cyprus, the pan-industry image forum will include ship owners and managers and seafarers? representatives.The Forum is already planning its ...
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Keppel to build Scorpion?s first semisub
Keppel FELS Limited (Keppel FELS) in Singapore has been contracted to build its proprietary DSS 38 deepwater semisubmersible rig for Bermuda-based Scorpion Offshore Ltd. The contract is subject to the fulfillment of certain conditions and is valued at $405 million excluding owner-supplied drilling and subsea equipment. Upon its completion in ...
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Tsuji Heavy to build second shipyard in China
Tsuji Heavy Industries plans to spend about 50 billion yen ($472.45 million) to construct a shipyard in China's Zhejiang Province by next April, the firm?s second shipbuilding facility since it entered this business in 2006.The new shipyard, to be established on 1.6 million m2 of land, will be capable of ...
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EU orders Hellenic Shipyards to repay subsidy
The European Commission has ordered Hellenic Shipyards to pay a ?230 million ($363 million) subsidy back to the Greek government with interest, saying the money gave the company an unfair commercial advantage over rivals. Regulators said Greece broke state aid rules with a series of payments, loans and guarantees to ...
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Jinhui Holdings in expansion mode
Hong Kong-based Jinhui Holdings has ordered a 38,000 dwt handysize bulk carrier from Japan's Naikai Zosen at a cost of Yen4.5bn ($42.3m). Delivery is scheduled in 2012. Last week the bulker operator shelled out $126.6m for a pair of 92,400 dwt post-Panamax newbuildings which will be built by China's Jiangsu ...
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STX to form consortium for Daewoo Shipyard
STX Group will form a consortium to bid for a controlling stake in Daewoo Shipbuilding and Marine Engineering (DSME). "Group-scale talks have been under way in jointly acquiring DSME to lessen the financial burden of an acquisition," according to Bae Dae-kwan, vice president of the group. "We are looking for ...
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New GL ShipManager
The updated software tool GL ShipManager 2.0 improves the efficiency of shipping operations and ensures compliance with industry requirements as well as internationalregulations. Simplifying and automating the administrative workload for a ship is the overarching goal of GL ShipManager 2.0. With the Windows Vista compatible GL ShipManager 2.0, there is ...
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Damen secures further order from Jan de Nul
Damen Shipyard in The Netherlands has confirmed that, following an order for six Damen Stan Tugs 1606 and four Damen Fast Crew Suppliers in 2006 and 2007, Jan De Nul has placed an order for another series of five Damen Stan Tugs 1606.Construction of the vessels will take place at ...
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Maersk orders another 16
Maersk Line reports that parent A.P. Moller--Maersk has signed an agreement with Daewoo Shipbuilding and Marine Engineering in Korea for the delivery of 16 container vessels in 2010-12. The announcement comes 10 days after the news of Maersk?s 18 ship newbuilding splurge at Hyundai. The vessels to be built at ...
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Wärtsilä acquires Vik-Sandvik
Wärtsilä has acquired the global ship design group Vik-Sandvik, a leading independent group providing design and engineering services to ship owners and the ship building industry worldwide. The value of the acquisition is EUR 132 millions, with an additional maximum sum of EUR 38 millions to be paid based on ...
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CSSC to build world's largest marine equipment base
The China State Shipbuilding Corporation (CSSC) plans to turn its subsidiary, the Jiangnan Heavy Industry (JHIC), into the biggest specialized marine equipment and ship fitting supply base in China in the next five years. As the leading manufacturers of steel structures, LPG tanks and integrated mechanical engineering projects in China, ...
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Vietnam coastal ferry route awaits approval
A $1.23 billion project to build a North-South express sea route using specialised vessels has been submitted to the Vietnam government for approval. The sea route for cargo and passenger transport was proposed by the Viet Nam Shipbuilding Industry Corporation (Vinashin) and would require six new large ropax ferries to ...
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CSSC to sell Wenchong Shipyard
China State Shipbuilding Corp (CSSC) is putting its entire 100% stake in Guangzhou Wenchong Shipyard Co Ltd up for sale, with expected price set at RMB 3.041 billion ($443 million). Industry analysts estimate that CSSC will most likely sell its assets to its Shanghai-listed subsidiary Guangzhou Shipyard International Co Ltd ...
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Torm introduces slower steaming
Martin Lorenz, tanker division chartering manager for Torm, said long range tankers had been slowed from 16.5 knots to 14.5 knots which has reduced fuel consumption from 55 tonnes to 40 tonnes a day. That would mean a tanker bunkering in the Middle East Gulf could make savings of $10,200 ...
