Latest News – Page 839
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Daewoo bidding hotting up
GS Holdings Corp, the holding firm of South Korea's GS Group, an energy and construction-focused conglomerate, said it is studying a possible bid for Daewoo Shipbuilding and Marine Engineering. Another domestic business group Hanwha said earlier it was considering bidding for Daewoo, sending the shipbuilder's shares higher.
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Sembcorp gets foothold in Brazil
Singapore-based Jurong Shipyard, a subsidiary of Sembcorp Marine, signed a strategic alliance agreement with Rio de Janeiro-based Mac Laren Shipyard to operate a shipyard in Brazil.Under the agreement, which takes effect immediately and is valid for 5 years and mutually renewable on expiry, Jurong Shipyard will collaborate with Mac Laren ...
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Vinashin reports strong growth
The Viet Nam Shipbuilding Industry Group (Vinashin) has earned a revenue of VND5.1 trillion ($318.7 million) in the first quarter of the year, an increase of 108% year-on-year.The nation?s largest shipbuilder attributed the business success to its strategy of progressive re-investment which helped to enhance its production capacity.In the first ...
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Floatel conversion for Tyne yard
A&P Tyne in the UK has been awarded the contract to carry out the conversion of a former ice breaking cargo vessel into a DP3 Floatel accommodation vessel carrying up to 399 persons. The contract has been awarded by the C&M Group of Aberdeen on behalf of the owners Silters. ...
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India?s naval yards aim for the world
Garden Reach Shipbuilders and Engineers (GRSE) in Kolkata, India, is at an advanced stage of negotiations with French shipbuilding giant, DCNS (Direction des Constructions Navales Services), for jointly setting up a cutting edge design centre for warships and merchant ships. This will target both the Indian and the global markets.GRSE?s ...
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Samsung wins LNG production vessel
Samsung Heavy Industries in Korea has won a 452 billion won ($455 million) deal to build an LNG production vessel. The contract with a European shipping company calls on Samsung to deliver the vessel by March 2012.
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L&T invests in shipyard complex
Indian construction and engineering firm Larsen & Toubro has signed a joint venture agreement to invest 30 billion rupees ($750 million) in a shipyard and port facility. The venture with southern Tamil Nadu state would build the integrated facility near Ennore where construction was scheduled to start by end-2008, and ...
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US drill ship contract for Daewoo
Daewoo Shipbuilding & Marine Engineering has won a 554 billion won ($566 million) order to build a drill ship. The deal from an American company calls for Daewoo to deliver the vessel, used for deep-water oil exploration, by September 2010.
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Sigma marine coatings lead the way
?SigmaPrime 700? and ?SigmaPrime 700 LT? coatings will be applied to a vessel being built in Korea for Chandris Hellas that will be the first built in full compliance with IMO?s ballast tank coatings regulation ?Performance Standard for Protective Coatings? (PSPC). Sigma?s coatings have received Lloyd?s Register type approval certificates ...
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Farstad gets newbuilding
Norwegian-based offshore support specialist Farstad Shipping has received delivery of its latest newbuilding, the ?Far Searcher? from Aker Yards. Farstad Supply, a wholly owned subsidiary of Farstad Shipping, says the UT751 E class vessel will immediately be deployed on a long-term contract for StatoilHydro.
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Voith to propel Gironde ferry
The Gironde Delta in the south-west of France is to get another double ended ferry to run on the service across a six-kilometre stretch between the riverine towns of Verdon sur Mer and Royan. The ferry connection saves passengers a detour of approximately 155 kilometers and/or a car trip lasting ...
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ABS reports continuing success
Calling 2007 "a truly remarkable year," ABS Chairman and Chief Executive Officer, Robert D. Somerville reported a record fleet size and record order book. Acknowledging that "ABS has benefited from the quite extraordinary bull run of the last few years," Somerville attributed much of the success of the organization to ...
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Imtech on a roll
Imtech NV in the Netherlands has won contracts worth over 50 million Euros to provide technical services on board various high-tech offshore construction vessels to be used in the exploration and exploitation of oil and gas. The contracts include orders from Sembawang Shipyard in Singapore, Seaway Heavy Lifting in the ...
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Dutch design second Global Industries vessel
US offshore major Global Industries has decided to build yet another new pipelay / heavy lift vessel designed by Dutch design company Ulstein Sea of Solutions (USOS). The vessel named ?Global 1201? will be an evolution of the ?Global 1200?, currently under construction at Keppel Singmarine and also designed by ...
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Philly yard delivers fourth MT46 tanker
Aker Philadelphia Shipyard delivered its fourth Veteran Class MT46 tanker vessel to Aker American Shipping. It is the first vessel sold for profit to Aker American Shipping following the corporate reorganization that split the ship-owning and shipbuilding operations last December. The 185 metre long tanker is the first to be ...
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US ballast water bill may be voted on next week
Legislation requiring treatment of ballast water on ships in the Great Lakes may reach a vote in Congress next week, but some of the bill's details remain a mystery. Rep. James L. Oberstar, D-Minn., plans to bring an annual Coast Guard funding bill, which contains the ballast provisions, next week ...
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GL customers discuss MEPC decisions
The Marine Environment Protection Committee (MEPC) of the IMO convened its 57th meeting focusing on the reduction of harmful emissions and ballast water management, as well as the planned convention for environmentally sound ship recycling. At the GL First Class Exchange Forum, Germanischer Lloyd (GL) discussed current developments with more ...
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ISU calls for a new LOF
International Salvage Union (ISU) president Arnold Witte had called on all sectors of the shipping and insurance industries to approach the issue of salvage and spill prevention with "fresh thinking and open minds." Speaking at the ISU?s Associate Members? Day conference in London recently, he said the cost of failure ...
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SCI orders bulker quartet from STX
The state-run Shipping Corp. of India Ltd (SCI) is set to buy four 82,000 dwt Kamsarmax-type dry bulk cargo carriers from South Korea?s STX Shipbuilding Co. Ltd for $239.80 million. STX emerged the lowest bidder in a global tender called by SCI with a quoted a price of $59.95 million ...
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Brazil to expand shipbuilding industry
Brazil plans to promote the country?s ship building industry not only to supply vessels and oil rigs for domestic demand but to export them to the rest of Latin America. "We?ve started a new policy to promote the building of new shipyards and updating existing ones so we can have ...
