Latest News – Page 855
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Stena Perros delivered
Concordia Maritime?s 65,200 DWT product tanker ?Stena Perros? was recently delivered from Brodosplit Shipyard, Croatia. The vessel has been signed to a 5-year time charter with the French oil and energy company TOTAL to transport refined products. The ?Stena Perros?, a so-called P-MAX tanker, is the sixth in a series ...
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Interest in stranded gases growing
Classification society ABS says it is seeing a resurgence of interest in floating solutions for the transportation of natural gas aimed at capturing ?stranded? gas reserves around the world. Although natural gas is abundant, more than one-third of global gas reserves are said to be stranded by their location of ...
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Hanjin completes 1st phase of Philippines shipyard
Hanjin Heavy Industries and Construction has completed the first phase of its shipyard construction project in Subic, the Philippines. The Korean company began the project on a 2.3 million sq.m site in May of last year to overcome problems it was facing due to the small size of its 300,000 ...
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Swissco expands fleet
Singapore-based Swissco International Ltd?s wholly-owned subsidiary, Swissco Offshore Pte Ltd, has placed orders for four more offshore support vessels worth S$18.5m including owner supplied equipment.The first order is for two identical units of 26m aluminum crew/utility vessels, placedwith a local shipyard which specializes in aluminum shipbuilding. Designed to carryboth cargo ...
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Cosco eyes expansion outside China
Shipbuilding and ship repair firm Cosco Corp (Singapore) will consider establishing bases in Vietnam and other Asian countries since China could become less attractive as environmental regulations tighten and labour costs rise. Cosco, majority-owned by China Ocean Shipping (Group) Co, is focusing its resources on three main business lines: ship ...
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Mipo?s Vietnam repair facility to switch
Hyundai Mipo Dockyard is considering setting up a manufacturing facility in Vietnam as surging orders spur the company to seek sites beyond Korea's shores. "We are reviewing plans to probably make part of the repair yard in Vietnam suitable for building new vessels," Hyundai Mipo spokesman Lee Young-duck said. "We ...
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ABG to expand
India?s biggest private sector shipbuilder ABG Shipyard Ltd plans to invest Rs1,300-1,400 crore to expand capacity to meet the rising global demand for building large cargo carrying ships. After the expansion, the Mumbai-based company hopes to build large size ships, including VLCCs, at its shipyard located at Magdalla Port in ...
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Tognum operations take off in Asia
The Tognum company MTU Friedrichshafen and the China North IndustriesGroup Corporation (Norinco) reached agreement on a joint venture. At a press conference in Shanghai, the two companies presented their plans to jointly assemble high performance engines of the Series 956, 1163 and 595 as of the year 2009, thus expanding ...
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Two Tigers for Aries
Lafayette, La.-based Aries Marine Corp. signed a letter of intent with Eastern Shipbuilding Group for the construction of two ?TIGER? shark class platform supply vessels (PSVs). These will be built to the Aker Yards Marine PSV 23 DE design, which is an AC diesel electric, twin Z-drive, DP-2 offshore service ...
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Jurong acquires majority stake in JSMET
SembCorp Marine?s wholly-owned subsidiary, Jurong Shipyard Pte Ltd (JSPL), has entered into an agreement to acquire a 70% equity stake in Shanghai Jurong Marine Engineering & Technology Co. Ltd (JSMET). JSMET offers services for marine design work. Long-time business associate and Chinese partner, Zhao Weimin will own the remaining 30%.JSMET ...
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Vroon orders more FSVs
Vroon Offshore Services (VOS) in Holland has ordered an additional four field support vessels (FSV), with an option for a further two, as the next phase of its fleet investment programme. The order for the IMT 955L support vessels, designed by IMT Marine Consultants, has been placed with the Astilleros ...
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Tug Malta to get more tugs
Tug Malta has ordered two tugs costing over EUR50m in all and aims to develop offshore services in North African countries, and in the Mediterranean in general.Rimorchiatori Riuniti SpA of Genoa, Italy, which last July took majority shareholding in Tug Malta Ltd from the government, described the contracts as important ...
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Indian Navy to build all ships locally
Having recently learned that their new aircraft carrier, INS Vikramaditya (ex- Admiral Gorshkov), would be completed two years later than contracted and at twice the cost at the Russian shipyard, Sevmashpredpriyatiye in Archangels, India has decided to embark on an ambitious programme to modernise its naval shipyards. Before India becomes ...
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Hyundai Heavy wins Singapore boxship order
Hyundai Heavy Industries in Korea has secured a contract valued at 679.8 billion won ($736 million) to build nine container ships for an unidentified client in Singapore. The vessels will be delivered by the end of 2011. No further details are available.
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Malaysian Navy gets Spanish treatment
Spanish shipbuilder Navantia hopes that its business dealings with Malaysia will not end with building the aft sections of the Royal Malaysian Navy's two Scorpene submarines. Clinching the deal to build the rear half of the submarines has aroused the company's interest in Malaysia as a potential customer for other ...
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Korean yard wins Indian orders
STX Shipbuilding in Korea has won orders to build 14 new ships, worth more than $750 million from Indian shipowners who are buying new cargo carriers to cash in on the growing global demand for carrying raw materials such as steel, iron ore and coal.The companies involved are the state-run ...
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Clipper Helen delivered
The second ethylene tanker out of a series of four was delivered by Meyer Werft to the Norwegian shipping company Solvang ASA (Stavanger). This ship is the 50th gas tanker the shipyard has built since 1963 and is named ?Clipper Helen?. The LEG/LPG tankers for the Norwegian company have a ...
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Shipping line reduces speed
One of the world's largest container shipping lines says bunker costs now account for over 50% of its vessels' operating expenditure. A senior official of the French container transport and shipping company CMA CGM predicted that "'most shipping lines" would start steaming at "'economic speed to minimise bunker fuel consumption."CMA ...
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Cosco gets Vroon quartet
The Dutch shipping company Vroon BV has ordered four 92,500 DWT bulk carriers at Cosco's Dalian Shipyard in China. The four new vessels are expected to join the fleet in 2009 and 2010. Vroon already has two Panamax bulk carriers on order at Tsuneishi Shipyard in Japan and three Supramax ...
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Tyneside marine company to expand
Shepherd Offshore, based at the Offshore Technology Park in Walker, Tyneside, UK, has snapped up the neighbouring former NIM Engineering site, with plans to spend ?£2m on redeveloping it. The investment will see the renovation of the vacant site to turn it into fabrication facilities, including overhead cranes. Offshore oil ...
