Latest News – Page 837
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VLCC price breaks record
Greek owner Delta Tanker has ordered three VLCCs from South Korea's Hyundai Heavy Industries (HHI) for a record unit price of $156 million. This broke the previous record price of $154 million that Oman Shipping Company agreed to pay when it ordered its VLCCs from HHI and Daewoo Shipbuilding & ...
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Merwede gets another Subsea 7 order
Norwegian-controlled subsea contractor Subsea 7 Inc has ordered a new pipelay and construction vessel from the Dutch shipbuilder Merwede Shipyard at an overall project price estimated at $190m. The new 133-metre vessel will be equipped with a pipelay suite for installing flexible flowlines and umbilicals, and will be delivered in ...
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OSD opens China office
The Offshore Ship Designers group (OSD) has opened a design office in Shanghai, China. Initially staffed with six naval architects it will provide design resources to OSD's European partners and also provide Asian shipyards with innovative tug and offshore support vessel designs."We see increased demand from Asian yards for new ...
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Rihua yard delivers first newbuilding
Rihua Shipbuilding, a Sino-Japanese joint venture that operates a shipyard in Nantong, China, delivered its first newbuilding, a 29,200 dwt bulker, to German owner Aug Bolten. Named ?Western Wave?, this newbuilding is to be chartered out to NYK Global Bulk Corp., a subsidiary of Japan's Nippon Yusen Kaisha (NYK) group.Rihua ...
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DSME boosting production
Daewoo Shipbuilding & Marine Engineering (DSME) plans to spend 163.2bn won ($164m) to expand its facility for the production of vessel parts. The investment will be made by March 2010 at its shipyard in Okpo, South Korea.The shipbuilder also plans to spend 44.5bn won to buy a 50 percent stake ...
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CSSC doubles profit
China State Shipbuilding Co. (CSSC) said its first-quarter profit more than doubled after rising demand led to higher prices for vessels. The Shanghai-based company said that net income climbed to 984 million yuan ($140 million) from 417 million yuan a year earlier, while sales gained 16% to 3.98 billion yuan. ...
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Austal launches LCS
Austal has successfully launched its landmark 127 metre Littoral Combat Ship ?Independence? (LCS 2) in what proved a momentous occasion for the company as it celebrates its 20th year.Since its keel laying in January 2006, Independence has steadily progressed within Austal USA?s purpose built construction facility in Mobile, Alabama toward ...
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Aker set to build yard in Russia
The international shipbuilding group Aker Yards ASA could help build a huge shipyard worth $1 billion in north-western Russia. A year ago, Moscow announced plans to build a large shipyard for manufacturing commercial vessels with deadweight of 100,000 to 150,000 tonnes.Aker Yards is negotiating with two other prospective contractors, members ...
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Subsea 7 introduces Seven Seas
Subsea 7 Inc, one of the world's leading subsea engineering and construction companies, took delivery of its new state-of-the-art deepwater Flex / J-lay vessel, the ?Seven Seas?. The newbuilding is designed to perform highly specialised subsea pipe laying, construction and engineering work for the deepwater global offshore oil and gas ...
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Inaugural cat launched at Austal Tasmania
The first of two 47.5 metre passenger catamaran ferries for the Macau-based New World First Ferry (NWFF) has been launched at Austal Tasmania, marking a historic milestone for the growing shipyard.With new orders for the shipyard currently being finalised and a workforce which has grown from 40 to more than ...
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Frontline expands VLCC fleet
Frontline has entered into a contract with Zhoushan Jinhaiwan Shipyard in China for delivery of four 320,000 dwt VLCC newbuildings. The vessels will be delivered from June 2011 until December 2011. Frontline has also secured options for further two similar VLCC newbuildings at a fixed price. The ordering of ...
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Croatia may close shipyards
One or more of Croatia's five ailing shipyards might have to close as part of European Union membership preparations, Economy Minister Damir Polancec admitted for the first time. He said that one or some of the shipyards will have to convert into a different business, produce something completely different, not ...
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ABG plans to build sub-sea vessels
In a move that will add to its offshore vessel building expertise and give it an edge over competition, ABG Shipyard, India?s largest private sector shipyard, is looking at building sub-sea vessels, which can be employed underwater for exploration and production (E&P) activities.The shipyard is currently in talks with a ...
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DryShips exercises drill ship options
Greek dry-bulk carrier DryShips Inc has exercised its option to acquire two ultra deep water drill ships with expected delivered cost of about $800 million per unit. The drill ships are to be constructed by Samsung Heavy Industries and are expected to be delivered in the third quarter of 2011.Early ...
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World's biggest gantry crane christened
Yantai Raffles Shipyard Limited (YRS) , the largest builder of semi-submersible drilling rigs in China, has reached a new milestone with the christening of the world?s first fixed dual-beam gantry crane with an enormous lifting capacity at 20,000 tonnes. The new state-of-the-art facility at the Yantai shipyard is named ?Taisun?, ...
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Bangladesh gearing up for big time shipbuilding
Shipbuilding industry in Bangladesh gets a huge boost as two of the country's biggest conglomerates announced their entry into the booming sector. Meghna Group, the commodity to power conglomerate, and Rangs, the real estate to sea-fish giant, said they are going into ocean-going ship-building industry amid boom in orders from ...
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Russia to build tankers for Panama
Russia's Krasnoye Sormovo shipyard based in Nizhny Novgorod on the Volga River (MNP Group) has received an order for three 5,600 DWT tankers from the Panamanian shipping company Argo Shipping International. The shipyard will deliver the first tanker by late 2009, the second tanker in the summer of 2010 and ...
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Evergreen cancels China shipyard JV
Taiwan's Evergreen Marine chairman Arnold Wang has confirmed that his company has pulled out of a joint venture with the Chinese government to build a shipyard at Quanzhou in Fujian province. The investment in the project, announced last August, had been cancelled for commercial reasons. The proposed yard, with a ...
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Napoli incident deemed not a major industry problem
The investigation into the loss of the 4,419 TEU container ship ?MSC Napoli?, which suffered a catastrophic fracture in her hull on 18 January 2007 and had to be beached in Branscombe Bay on the South west coast of England, has identified a number of factors which contributed to the ...
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PDVSA takes over local shipyard
Petroleos de Venezuela SA (PDVSA), the state energy company, took over the government-owned shipbuilder Diques y Astilleros Nacionales CA as part of a plan for Venezuela to build its own oil tankers and offshore rigs. The shipbuilder, which was previously under control of Venezuela's defense ministry, was transferred to the ...
