Latest News – Page 835
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News
Daewoo secures two drill ship orders
Daewoo Shipbuilding & Marine Engineering Co. has recently won a 1.44 trillion won ($1.37 billion) deal to build two drill ships. The deal from an American customer calls for the Korean shipbuilder to deliver the vessels, used for deep-water oil exploration, by April 2011.
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Davie yard on the up
Davie Yards Inc. in Canada said that the former Davie Shipbuilding complex it took over in Lévis early last year now boasts a complement of 900 and the workforce will rise further this year as more orders come in.Norwegian-controlled Davie, which went public with a $47-million initial public offering in ...
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Sale of Adriatic Shipyard close
The contract on sale of the Adriatic Shipyard in Montenegro could be signed by the end of the month upon completion of the second round of negotiations with the Swiss company Avangard Shipyards International (ASI). Although the Cypriot consortium C & S.I and Mercury put in the best bid, they ...
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Denmark offers shipbuilding training to Bangladesh
A tripartite agreement has been signed between a Bangladeshi firm and two Danish firms to provide necessary training to Bangladeshi workforce in shipbuilding sector. Officials of the Bangladesh shipbuilder Western Marine Shipyard Ltd (WMSL) and the Danish firms of Stella Shipping Ltd and the Plantware Ltd signed the agreement to ...
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A dozen for Ulstein
Ulstein Design AS in Norway has agreed with Guangdong Machinery Imp. & Exp. Co., Ltd (GMG) to provide design services for 12 vessels of ULSTEIN A801 type. Ulstein Design has sold 60 ship designs since 2000 consisting of 25 designs to Ulstein Verft in Norway and 35 designs to shipyards ...
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OSD launches near-zero emission tug
WorldWise Marine, a partner in the Offshore Ship Designers (OSD) group, has launched a new design for a near-zero emission hydrogen powered tug.Michiel Wijsmuller, managing director of Offshore Ship Designers, says, "This new harbour tug will be able to remain on standby, and mobilise/demobilise with zero emissions, and will save ...
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BG orders LNG duo from Samsung
UK gas producer BG Group has signed an agreement to buy two LNG carriers from South Korea's Samsung Heavy Industries for an undisclosed sum. The dual-fuel diesel electric newbuildings will each have a cargo capacity of 170,000 cubic metres and are scheduled for delivery in 2010. These two new vessels ...
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Bangladesh delivers first export ship
Bangladesh has started exporting ships to the world market with Ananda Shipyard and Slipways formally handing over the country?s first ship for export to Denmark's Stella Shipping. The 2,900 dwt multipurpose dry cargo vessel named ?Stella Maris? was built at a cost of $6.63 million.
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Global Marine raises funding for bulkers
Global Marine Finance Co., set up by shipbuilder Hanjin Heavy Industries and South Korean banks, received government approval to raise 282.8 billion won ($270 million) to build six bulk carriers. South Korea's government in 2004 allowed shipyards, including Hyundai Heavy Industries and Samsung Heavy Industries, to set up financing vehicles ...
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Hanjin Shipping gets new boxships
Hanjin Shipping in Korea has taken delivery of two new 4,300TEU vessels. Named Hanjin Norfolk and Hanjin Piraeus, they were built by Samsung Heavy Industries and are the second and the third in a series of the eight 4,300TEU container ships ordered back in 2005. These Panamax newbuildings are ...
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Russia needs more offshore vessels
Russia?s Prime Minister Vladimir Putin urged his government to provide the country with a modern fleet of offshore vessels for its flourishing energy sector and is to include drilling platforms, ice-class gas carriers and icebreakers.The St Petersburg meeting, called to discuss the revival of national shipbuilding, became the first major ...
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Mercator expanding fleet
The Indian shipping company Mercator Lines has drawn up a Rs 4,000 crore capital expenditure programme for the next two years to expand its fleet of ships to cash in on the growing dry bulk market and consolidate its presence in high-growth markets. The investments will be made by Mercator ...
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Cybit BlueFinger to launch worldwide vessel tracking
Cybit, the UK's leading online telematics service provider, has announced that its BlueFinger maritime division will launch a new worldwide web-based online vessel tracking service this month. Saffire-Online will for the first time allow shipping companies to combine compliance with IMO Long Range Identification and Tracking (LRIT) regulations with a ...
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Colombo Dockyard wins Greatship orders
Sri Lanka's Colombo Dockyard, a unit of Japan's Onomichi and the country's sole listed shipbuilder, has won two new orders from Greatship (India), for bigger and more expensive vessels. Greatship is a wholly owned subsidiary of The Great Eastern Shipping Company. The firm had previously ordered four anchor handling tugs ...
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Varun Shipping to buy new vessels
Mumbai-based Varun Shipping Co Ltd plans to invest $300 million to buy at least four new vessels in the offshore segment this year, a top official said at a recent conference.Varun, which derived around 63% of its revenue from oil & gas carriers in 2007/08, is positioning itself to expand ...
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Bankruptcy looms for Stocznia Gdynia
The economic situation of the Gdynia Shipyard in Poland has taken a turn for the worse and, if there?s no financial support from the state, the shipyard may go bankrupt soon according to the Solidarity Trade Union.The Gdynia Shipyard plays a key role in the Polish shipbuilding industry since it ...
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Greeks busy ordering newbuildings last month
After a steep drop in activity during the first three months of the year, Hellenic ship owners have been busy ordering newbuildings at a pace similar to that of 2007. According to the latest report by shipbroker G.Moundreas, a total of 35 ships, worth about $3.33 billion, were ordered by ...
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Bangladesh yard inks German deal
The Ananda Shipyard and Slipways Ltd (ASSL) in Bangladesh has signed a $67 million agreement with Hermann Lohmann Bereederunges GmbH & Co, Germany, to build four sea-going vessels. Under the deal, ASSL will build and deliver the 7,100 DWT multipurpose vessels by 2012. It is the third German company to ...
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Germanischer Lloyd continues to grow
Germanischer Lloyd (GL) continues its growth strategy of previous years. The classification society presented its financial figures for 2007 and announced a turnover of 421.7 million Euros. This is a gain of 57.3 million Euros (+16 %) compared to 2006.In the maritime sector, the good order situation of the previous ...
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Ezra orders two more offshore vessels
Ezra Holdings Limited in Singapore has placed orders for two new offshore service vessels totalling S$95 million. The first contract, worth S$69 million, was awarded to Keppel Singmarine Pte Ltd, to construct a 22,000 kW Rolls-Royce designed UT788 CDL multi-functional support vessel (MFSV), an upgrade from the current two UT788s ...
