Latest News – Page 847
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Odfjell contracts newbuildings in China
Norwegian shipowner Odfjell has signed agreements with the Chuan Dong Shipyard in China to build a series of six plus four optional 9,000 dwt stainless steel chemical tankers at a total price for the first six vessels of $180 million. Delivery is scheduled in 2010-2012 and these newbuildings will operate ...
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HK yards need mainland Chinese workers
Hong Kong?s two ship repair yards, HUD and Yiu Lian, are reporting unheard of 90% dock occupancy for the past 18 months. Yet, if this important sector is to continue then the Hong Kong government must rescind old immigration rules and allow mainland Chinese skilled labourers to work at the ...
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NGV Tech winning orders for expanded shipyard
Malaysian shipbuilder NGV Tech Sdn Bhd is lining up a string of newbuild contracts for its newly expanded shipyard in Sijangkang, Malaysia. In 2005, the Malaysian shipbuilder expanded the yard to step up its newbuild programme in support of the booming oil and gas sector. The yard is now capable ...
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BAE bids for RFA tankers
Work on a new order for the Royal Fleet Auxiliary could be coming to the Clyde, it emerged today. A consortium led by BAE Systems has declared it wants to design and build up to six tankers for the Ministry of Defence. If its bid is successful the contract could ...
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L&T angling for Dutch shipbuilding contract
India?s biggest engineering and construction firm, Larsen and Toubro Ltd, is in talks with a Dutch shipowner for a new building contract valued at more than $100 million (Rs397 crore). "Yes, L&T is negotiating with a Dutch shipowner for a new building order. But, I cannot tell you the name ...
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AET gets new delivery
Tanker owner-operator AET, a wholly owned subsidiary of MISC Berhad, welcomed the newest addition to its rapidly growing fleet with the naming and delivery of the 107,000 dwt Eagle Turin at the Imabari Shipyard at Koyo Dockyard in Japan. Eagle Turin, which will fly the Singapore flag, becomes the 49th ...
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Qianjin yard building SPO AHTSs
Swire Pacific Offshore Holdings (SPO), the wholly owned offshore service subsidiary of Hong Kong listed Swire Pacific Limited, has placed an order with Qianjin Shipyard in Qingdao, China, to build eight vessels at a price of $100 million.According to the deal, Qianjin Shipyard will manufacture and deliver the eight 57 ...
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C&Heavy wins Asian bulker order
South Korean shipbuilder C&Heavy Industries has won a $163.3 million order for four bulk ships from an unidentified Asian company. The ships would be delivered by 31 January 2011.
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Oman orders ten VLCCs from Korea
The state-owned Oman Shipping Company has placed two contracts for a total of ten five VLCCs with two Korean shipbuilders. Both Daewoo Shipbuilding & Marine Engineering (DSME) and Hyundai Heavy Industries (HHI) will build five very large crude carriers each at a cost of about $1.5 billion. DSME will deliver ...
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ST Engineering wins PSV deal
Singapore Technologies Engineering Ltd, a global engineering and defence contractor, said its US shipyard VT Halter Marine has secured a new contract worth between $45 and $55 million to build two platform supply vessels for L&M Botruc Rental Inc. L&M Botruc operates fleets of offshore marine transportation vessels in the ...
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Investment in Scottish shipyard
U.K. Defence Secretary Des Browne recently visited Babcock Marine in Rosyth, Scotland, to witness the start of a £50 million (almost $100 million) investment project at the dockyard in preparation for construction of two Royal Navy aircraft carriers. Browne witnessed the signing of a £35 million contract placed with Glasgow-based ...
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New shipyard for Gdansk
ISD Polska, a subsidiary of Ukrainian steel manufacturer ISD Donbas, plans to invest z³.700 million ($283 million) to build a modern shipyard in Gdansk. However, the project may be delayed due to ongoing talks with the European Commission (EC) which insists on reducing the existing shipyard's production output by closing ...
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Sulphur decision 'on hold'
Key decisions on the bunker industry's future have been shelved until an IMO meeting called for the end of next month. The IMO's Bulk Liquids and Gases (BLG) sub-committee, meeting in London last week, agreed to streamline the options being discussed rather than make definitive recommendations.The most controversial proposal, a ...
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Samudra Indonesia orders two bulkers
The sea transportation service company PT Samudra Indonesia has placed an order with South Korea?s STX Shipbuilding for two bulk carriers at a total value of $97.6 million.The Indonesian company placed the order for the two 57,700 dwt ships through its subsidiary, Foremost Maritime Pte Ltd and delivery is scheduled ...
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New VLCS order for HHI
Hyundai Heavy Industries (HHI) has won a 1.28-trillion won ($1.35 billion) deal tobuild eight very large container ships (VLCS) for a European shipping company. The vessels will all be delivered by April 2012.Although the identity of the shipping company has not been disclosed, it coincides with an order of eight ...
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Indian shipyards poised for mega expansion
Indian engineering and maritime groups have lined up an estimated $4.5bn to invest in new shipyards, opening up a front in the nation?s competition with China to become a low-cost manufacturing centre.The country?s newest shipbuilder, Pipavav Shipyard, is to "cut steel" on its first vessel today in its yard in ...
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Dutch land Morocco frigate deal
The Royal Moroccan Navy has signed a contract with the Netherlands-based Schelde Naval Shipbuilding, part of the Damen Shipyards Group, for three Sigma-type missile corvettes. The customer has requested the overall contract value is not disclosed, but this is estimated to be around $1.2 billion.Morocco's order is for three Sigma-class ...
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CSBC reactivates privatization plan
State-run CSBC Corp, Taiwan, (CSBC) plans to sell a majority of its shares in line with its goal of completing its long-delayed privatization by the end of this year. The proposed share sale is also expected to help CSBC, formerly known as China Shipbuilding Corp, raise capital for capacity expansion ...
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WWL urges yards to be more innovative
With almost all Asian shipyards focusing on increasing their output in order to meet their bulging order backlogs, this is hampering innovation in ship designing according to Arild Iversen, chief executive of Wallenius Wilhelmsen Logistics (WWL). But the shipping industry should prepare for fuel prices of up to $1,000 a ...
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GOGL secures Kamsarmax options
Golden Ocean Group Limited (GOGL) has placed a newbuilding contract with the Chinese shipbuilder Zhoushan Jinhaiwan Shipyard (Jinhaiwan) for two 80,000 dwt Kamsarmax bulk carriers for delivery during 2011. The contract includes an option for two similar vessels. This latest order is in addition to the eight sister-ships ordered in ...
