Latest News – Page 841
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Greeks quiet on newbuilding front
Greek shipowners have continued their stance of wait-and-see approach regarding newbuilding orders during March according to the latest report by shipbroker George Moundreas & Co. Only 17 vessels were contracted in March by Greek interests, representing an estimated value of $424 million, a sum even lower than the previous month, ...
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Siemens to equip AIDA newbuilds
The Siemens Industry Solutions (IS) Division is two equip two further cruise ships of AIDA Cruises with electrical and automation systems based on the Siship PAX platform. The order was received from the Meyer Werft in Papenburg, Germany, which is building the new generation of 1,087 cabin Club ships. ...
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POSCO targets Daewoo Shipbuilding
South Korea?s POSCO is considering a rise in steel prices, easing fears that rising raw material costs will hit its earnings, and lifting its shares to a four-week high. The company, the world?s fourth largest steelmaker, also said it may bid for Daewoo Shipbuilding, which analysts say could fetch nearly ...
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Hyundai wins orders for Gunsan
Hyundai Heavy Industries (HHI) has won a $300 million order from Korea Lines to build two VLCCs for delivery by the end of 2010. The South Korean shipbuilder is set to start the construction of the crude oil carriers in its new shipyard in Gunsan, North Jeolla Province, in late ...
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Wightlink orders FBMA cats
FBMA Marine Inc. (FBMA), the Aboitiz-owned shipbuilder based in Cebu, Philippines has signed a new building contract with Wightlink, Portsmouth UK. The order is to design and build two new 41m medium speed passenger catamarans, for use on the Portsmouth ? Ryde crossing. This success builds on FBMA Marine?s new ...
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Sungdong becomes latest yard to build VLCCs
Emerging South Korean yard Sungdong Shipbuilding & Marine Engineering is moving into the VLCC sector. According to local South Korean newspapers, Sungdong on 28 March concluded a contract with a European operator to build four 320,000-dwt VLCCs for delivery by 2011. The vessels were reportedly priced at $150 million apiece. ...
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IMO nears agreeing ship pollutant limits
The IMO has tentatively agreed new sulphur limits for ship fuels that will slash air pollutants but cost the oil and ship industry dear, an industry source close to the talks said. The industry source who is involved in the negotiations said countries party to the IMO had provisionally agreed ...
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Cosco drops the Dollar
Singapore-listed shipyard Cosco Corp has begun quoting new sales contracts in Chinese yuan to reduce the impact of any further decline in the U.S. dollar, the company's president said recently. "We have already started quoting new contracts in Chinese renminbi. Some customers may accept it and some may not."Cosco now ...
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EC supports IMO
The European Commission (EC) has reiterated its support for shipping emissions to be addressed globally at the International Maritime Organization (IMO), as long as it meets agreed deadlines. The message was delivered at the opening plenary session of the 57th session of the IMO's Marine Environment Protection Committee (MEPC57) meeting ...
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US Navy to revive LCS program
The US Navy is moving forward with construction of a new type of smaller, speedy warship after upending the program by canceling contracts last year, officials said.The Navy's formal requests for proposals issued to General Dynamics Corp.'s Bath Iron Works and Lockheed Martin Corp. call for construction of three Littoral ...
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MEPC 57 scraps Micro-SECAs but keeps scrubbers
The concept of Micro-SECAs has been dropped as work proceeded this week at the International Maritime Organization (IMO) to revise MARPOL Annex VI. It formed part of ?Option 3 Global/Regional with Micro-Area? put forward by the IMO's Bulk Liquids and Gases (BLG) sub-committee to the 57th session of the IMO's ...
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Genoa tug owner order AHTS vessel
The Genoa-based Rimorchiatori Riuniti S.p.A. has placed an order for an anchor handling tug supply (AHTS) vessel with the Spanish shipbuilder Union Naval Valencia for delivery in March 2010. With a length of 54.35 metres and a breadth of 15 metres, the vessel will have a 5,870 kW power plant, ...
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Tricon Marine moving to China
The US-based Tricon Marine, a high-quality builder of FRP/composite luxury yachts up to 55 metres long, recently broke ground on China?s first and only North American-owned and operated shipyard. The new facility will allow Tricon to offer its customers the highest quality design and construction at unprecedented value.Located just outside ...
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Finland considering stake in shipyards
Finland could become a part owner in shipyards to ensure that shipbuilding remains in the country according to a recent statement form prime minister Matti Vanhanen. He said the country has a great interest in keeping the cruise ship knowledge in Europe.Norway's Aker Yards owns three shipyards in Finland which ...
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STX control of Aker Yards a step closer
South Korea's STX Shipbuilding is expected to win the EC?s approval for a controlling interest in Norway's Aker Yards. The EC, the European Union's top competition regulator, blocks deals only after sending a statement of objections. The industry source said it had not done so, and experts say it is ...
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Gdansk may reach agreement with EC
The Gdansk shipyard in Poland may avoid the requirement to pay back PLN 750m of public subsidy. ISD Polska, a subsidy of Ukrainian Donbas, and the owner of Stocznia Gdansk shipyard, is closer to reaching agreement with the EC. Brussels wants the shipyard to either pay back PLN 750m (EUR ...
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Daewoo to pass on steel price increases
Daewoo Shipbuilding & Marine Engineering (DSME) may increase newbuilding prices this year to pass on higher steel-plate costs to customers. "The increase will be a small one," chief executive officer Nam Sang Tae told reporters last week in Seoul, without giving more details. Steelmakers including Posco and Nippon Steel Corp. ...
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ASRY forms offshore services division
The Arab Ship Building and Repair Yard (ASRY) in Bahrain, has announced the formation of a new operating company to be called ASRY Offshore Services, (AOS). ASRY has, over recent years, seen a rapid growth in offshore markets in the Arabian Gulf region and, based on its own track record ...
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SDRL takes delivery of two deepwater drilling rigs
Seadrill took delivery of the deep water drilling rigs ?West Phoenix? and ?West Sirius? from the Samsung Shipyard in South Korea and Jurong Shipyard in Singapore, respectively. ?West Sirius? was delivered within 30 days from original delivery schedule, while ?West Phoenix?, due to customer initiated modifications, was delivered approximately three ...
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Kongsberg acquires Global Sim
Kongsberg Maritime in Norway has acquired the Draper, Utah based technology enterprise Global Sim for approximately NOK 100 million. Global Sim delivers products and services in the field of crane simulation for the training of crane operators around the world and holds a market leader position in maritime crane simulation. ...
