Latest News – Page 830
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STX undecided over Daewoo
Ship-building and shipping firm STX Pan Ocean said it is still considering whether to buy a stake in Daewoo Shipbuilding & Marine Engineering. The company was responding to market talk that it could be joining the fray for Daewoo Shipbuilding, which is 50.4% owned by Korea Development Bank and Korea ...
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Fleet expansion for OW Bunker
The Danish based OW Bunker, one of the world?s largest providers of marine fuel oil, lubricants and ship services, announced the launch of five new state-of-the-art bunker fuel delivery vessels for its operations in Europe. The announcement is part of OW Bunker?s $100 million investment strategy to develop its global ...
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Filipino yard builds country?s first double-hull tanker
The first locally built, double-hull oil tanker made by a Filipino company was recently launched from the ship repair and shipbuilding firm Herma Shipyard, Inc (HSI) in Bataan. Named ?Matikas?, the newbuilding has a 10-year contract with Petron Corporation for the transport of oil products from refineries to various depots ...
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Zaliv working on large bulk carrier order
Ukrainian shipyard Zaliv plans to build ten 175,000 dwt bulk carrier for a Ukrainian company. The technical project of the ship designed by Chernomorsudoproject (Nikolaev) is at the final stage of approval by Germanischer Lloyd.
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New provincial ferries
The Newfoundland and Labrador government in Canada has awarded long-awaited contracts to replace two of the vessels in its aging domestic ferry fleet. The $50.5-million contract will be managed by Peter Kiewit Sons Co who will build the hulls at the Marystown shipyard while outfitting has been subcontracted to the ...
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FLC West awaits approval from authorities
Aker Yards has not yet received confirmation from FLC West that they have received approval from Ukraine competition authorities for FLC's acquisition from Aker Yards of 70% of the shares in the subsidiary Aker Yards Ukraine Holding. Under the agreement which the two companies announced 25 March 2008, FLC West ...
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Tata to order six large bulkers
India?s biggest private power utility, Tata Power Co. Ltd, is talking with shipbuilders in South Korea to construct six 175,000 dwt dry-bulk carriers, which it will use to carry coal from its mines in Indonesia to feed its ultra mega power plant at Mundra in Gujarat. The company will have ...
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Samsung buys stake in Brazil shipyard
Samsung Heavy Industries had agreed to buy a 10% stake in Brazil's Estaleiro Atlantico Sul shipyard for some $22 million. The purchase is expected to help Samsung Heavy win orders for drill ships and oil rigs in Brazil as the Brazilian shipyard is scheduled to begin operations from September next ...
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New bidders for Polish shipyards
The Norwegian shipyard Ulstein Verft AS wants to purchase the ?Nowa? Shipyard in Szczecin, northwest Poland and the company ETA Ascom Star from Dubai, owned by Star Holding, owner of a shipyard in China and 36 vessels, is, according to Polish sources, interested in buying the Gdynia Shipyard. At a ...
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Shipping told to slow down
Speed limits in the world's shipping lanes will be proposed today by Ruth Kelly, the transport secretary, when she announces plans to regulate greenhouse gas emissions. Studies suggest that, although ships use less fuel than planes or road transport to carry a tonne of cargo, the industry is so big ...
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VT and BAE agree merger
Tens of thousands of British shipbuilding jobs have been secured and a further thousand created, after the two main navy warship builders agreed to merge their businesses and create one single national shipbuilding firm. BAE Systems and VT Group confirm that after almost a year of negotiations they had finally ...
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Daewoo wins drill ship order
Korean shipbuilder Daewoo has won a 697.3 billion won ($669.3 million) order to build a drill ship for an unidentified company in the Oceania region. Delivery is slated for December 2011.
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Safmarine names new boxship
Multi-trade shipping line Safmarine, a subsidiary of the AP Moller-Maersk group, has recently named its second post-Panamax container vessel, the ?Safmarine Komati?, after the Komati river that runs through South Africa, Swaziland and Mozambique. The 6,160 TEU vessel will join sister vessel, the ?Safmarine Kariba?, as the two largest vessels ...
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EU approves VW's takeover of Scania
The European Commission has cleared German car maker Volkswagen?s proposed takeover of Scandinavian commercial vehicles maker Scania, in which VW bought a majority stake in March. Volkswagen took sole control of Scania in March this year, pending regulatory approval from the European Competition Commission, when it raised its stake to ...
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Poland fails to convince EU on shipyard restructuring
The Polish Minister of the Economy Aleksander Grad has reportedly failed to convince the European Commissioner for Competition Neelie Kroes to accept a plan on the restructuring of the Polish shipyards in Gdansk and Gdynia, northern Poland. In a meeting in Brussels last Friday, Grad presented to the EU Commissioner ...
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ABG secures AHTS order
ABG Shipyard Ltd in India has secured an order worth Rs 127 crore ($30 million) from Marnavi Spa, Italy, for the construction of a 130 tonne bollard pull AHTS vessel with a deadweight of 2,500 tonnes and a length of 72 metres. This is the first contract signed with the ...
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French government surprises Aker
Aker Yards has, through the media, been informed that the French government, after discussions with the company STX, intends to buy a total of 34% of the shares in Aker Yards France. Aker Yards France comprises two yards in Saint Nazaire and in Lorient.STX is a shareholder in the publicly ...
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KR quality initiative
Influential industry bodies including Intercargo and Intertanko have endorsed the Korean Register (KR) of Shipping?s initiative to raise quality standards throughout the industry at the class society?s European Committee meeting held in London on 9 and 10 June. Top of the agenda was the maintenance and furtherance of quality standards ...
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Largest ever Dover-Calais ferries ordered
P&O Ferries has signed a Letter of Intent with Aker Yards to construct two new ships for the Dover-Calais service at a reported cost of 360 million Euros ($556 million). They will be built at Aker?s Rauma yard in Finland with the first unit entering service in December 2010 and ...
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Ultrapetrol orders VS design
Norwegian naval architects Vik-Sandvik reports that Ultrapetrol Offshore has ordered two VS483 PSV Mk II vessels from Chinese shipyard Wison. The vessels will be 87.40m overall with a length between perpendiculars of 81.00m, and breadth (moulded) of 19.00m. UP Offshore now has a total of seven Vik-Sandvik-designed offshore vessels under ...
