Latest News – Page 852
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Seabourn orders third newbuilding
A year after the Miami-based Yachts of Seabourn announced that it would build two new ultra luxury ships, it has exercised the option for another 32,000 gt cruise ship. Advance booking activity for the first, Seabourn Odyssey, has led to the line's decision to exercise its option. The third sister ...
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Rio Tinto orders three VLOCs
Rio Tinto, the world's second largest iron ore mining group behind Brazil's Vale, plans to order three very large ore carriers (VLOC) to transport iron ore from Pilbara in Western Australia to Asia at a cost of about $315 million. The 250,000 DWT vessels will be built by Namura Shipyards ...
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Hyundai wins chemical carrier orders
Hyundai Mipo Dockyard, a unit of Hyundai Heavy Industries, has won tow orders valued at 284 billion won ($302 million) to build six petrochemical carriers. The contracts with a European shipping company and an Asian shipping company call on the shipbuilder to deliver the vessels by December 2011.
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Cosco Shipyard in new repair yard JV
China's Cosco Shipyard Group and Jiangsu Lianyungang Port Co. Ltd. have formed a 60/40 joint venture company called Cosco Lianyungang Shipyard Co., Ltd which will be a subsidiary of Cosco Shipyard Group. Its principal activities are repairing and conversion of merchant vessels and offshore structures. In the long-term, it is ...
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Dubai Drydocks plans more acquisitions
Dubai Drydocks is planning to invest $200 million this year for acquisitions and joint ventures to maintain its leading position in the ship-building industry in the Middle East. Last year in July, DD acquired Singapore?s Pan-United Marine Limited, its first overseas acquisition. Much of DD?s growth was achieved in the ...
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SembCorp wins Atwood semi sub
Jurong Shipyard, part of SembCorp Marine in Singapore, entered into a $280.5 million contract with Atwood Oceanics Pacific Ltd to build a semi-submersible drilling rig. The contract with the subsidiary of Houston-based Atwood Oceanics Inc includes an option to build an additional unit. The first unit is scheduled for delivery ...
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Ferguson stays afloat
Clyde shipbuilder Ferguson Marine, the last remaining independent commercial shipbuilder on the Clyde, slumped much deeper into the red in its latest financial period but the controlling Dunnet family, which accounts revealed yesterday had removed one burden by writing off a £4.425m loan, is predicting better times.Ferguson's directors, spearheaded by ...
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ABG to enter ship repairing
ABG Shipyard in India is planning to enter the ship repairing business by acquiring the ailing Western India Shipyard in Goa and turning it into a ship repairing yard. "There are no standalone repairing yards in India, unlike Singapore or Colombo, which have yards dedicated to ship repair. We believe ...
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Aker to design Estonian icebreaker
The Estonian Maritime Administration has awarded a contract to Aker Arctic Technology Inc, Helsinki, Finland, for designing a new multipurpose icebreaker. The value of the agreement is close to EUR 6 million, including the development of the conceptual design, the basic design, preparation of the tender documents needed for a ...
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China Shipping orders bulkers
China Shipping Development Co Ltd is paying more than $800 million for 10 dry bulk carriers and four very large ore carriers (VLOC). The 57,000 DWT dry bulk carriers were ordered from subsidiaries of its parent, China Shipping (Group) Co, for $390 million. Delivery is scheduled by June 2012 and ...
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Sembcorp takes over Texan yard
Singapore-based oil-rig builder SembCorp Marine has acquired a Texas-based shipyard from its subsidiary, PPL Shipyard. SembMarine paid $4 million for Sabine Industries, which will be renamed SembCorp-Sabine Industries. This comprises Sabine Shipyard, to be renamed SembCorp-Sabine Shipyard, and Sabine Offshore Services. They are located on the Texas-Louisiana border in the ...
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Pakistan plans new shipyards
The government of Pakistan is seeking advisory services from internationally qualified firms led by a reputable international financial institution/investment bank for development of shipyards at Port Qasim, Karachi and Gwadar Port. Officials in the planning commission said that the international firms would comprise of requisite technical, legal and other consultants ...
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HHI targets record sales in 2008
Hyundai Heavy Industries (HHI) aims to report 18 trillion won ($19.2 billion) in sales next year. The target is 16% more than the 15.5 trillion won worth of sales that HHI reported this year. In 2008, HHI targets $27.4 billion worth of orders and plans to spend 1.63 billion won ...
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Taiwan shipbuilding booming
The production value of Taiwan's shipbuilding industry is expected to amount to NT$52 billion ($1.6 billion) for 2007, up 21% over the year-earlier level, according to tallies released by the Industrial Development Bureau (IDB). This will mark the first time the country's shipbuilding output has topped NT$50 billion, IDB officials ...
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Inter-Korean shipbuilding survey
The two Koreas agreed to conduct a joint geological survey in Anbyeon and Nampo in North Korea in the first quarter of next year as part of preparatory measures to build shipbuilding yards there. The agreement came after the first meeting of the inter-Korean committee on shipbuilding and marine cooperation ...
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First ship from Changxing shipyard
Chinese shipbuilder Jiangnan Shipyard Group, recently delivered a 16,600 dwt chemical tanker, the Sten Arnold, completed at its Shanghai Changxing Shipbuilding facility, to its Norwegian owner, Rederiet Stenersen. The Bergen-based shipowner ordered 13 ?Idun-class? vessels from Jiangnan and the Sten Arnold is the ninth in the series and the first ...
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Turkey to construct mega shipyard
The largest shipbuilding facility in the Middle East is to be constructed in Turkey and is expected to go on stream within five years. The cost of the project, which is to build an 85,000 square-metre shipyard, is estimated at $390 million and the facility is expected to employ some ...
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UTC inks contract with Navantia
Power, a United Technologies Corp. company, has signed a contract for the development phase of a program with Spanish shipbuilder Navantia, S.A., to supply a 300kW proton exchange membrane (PEM) fuel cell power module for use in the Spanish Navy's S-80 submarine. Terms of the agreement with Navantia were not ...
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Austal gets boost from Navy
The U.S. Navy plans to contribute up to $33 million to an Austal USA modular shipbuilding facility whose price tag could reach $200 million, Austal Ltd. said in a news release issued in Australia. Austal said the money would be paid in a series of reimbursements as it reaches specific ...
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COSCO Shipyard completes new facility
COSCO Shipyard Group, a major Chinese repair-yard, has constructed a new facility in Dongguan, Guangdong province. The facility will be utilized to build ships up to 100,000 dwt in addition to repair works. It will be the third of the group's five repair yards to engage in newbuildings since the ...
