Latest News – Page 856
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SCI to buy six handies
The Shipping Corporation of India (SCI)is to acquire six 57,000 DWT handymax bulk carriers at total investment of $269.40 million (Rs 1,077.60 crore). The acquisition of these newbuildings would augment the Indian dry bulk carrier tonnage and also the share of Indian shipping companies in the country???s overseas trade.
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R-R wins Chinese contract
Rolls-Royce has signed its largest contract with Chinese shipbuilder Sinopacific, to provide steering gear and deck machinery worth $42 million. Bjorn Johnsen, Rolls-Royce Vice President Sales and Marketing (Greater China) - Marine said: ???This order takes us to a record in China this year, with contracts for more than 700 ...
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Bunker oil spills covered in 2008
The last significant gap in the international regime for compensating victims of oil spills from ships is set to be closed, with the entry into force on 21 November 2008 of an international treaty covering liability and compensation for pollution damage caused by spills of oil, when carried as fuel ...
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Aker???s USA business splits in two
Aker American Shipping Inc. has decided to split its two divisions into separate companies. One would continue to operate the Aker Philadelphia Shipyard while the other would continue to buy ships produced at the yard and lease them to charter operators. ???The split is an aggressive measure to further advance ...
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Philly to build more product tankers
The ship owning company Aker American Shipping ASA has entered into an option agreement with Aker Philadelphia Shipyard ASA to build up to 13 product tankers at a total contract value of $1.3 billion. With this agreement, Aker American Shipping aims to expand its fleet, from 12 to 25 state-of-the-art ...
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BV strengthens bulker share
Close co-operation with Chinese design companies and shipyards has helped Bureau Veritas (BV) strengthen still further its dominating position in the booming international bulk carrier market. In the period from January to July this year, more than 45% of all Handymax ships ordered worldwide were to BV class and, of ...
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SembCorp in Saudi shipyard venture
Singapore's SembCorp Marine Ltd is in a joint venture to set up and operate a new yard at the Yanbu Commercial Port in Saudi Arabia. Sembcorp Marine and its joint venture partner Nasser Mohammed Al-Mukairish and Partners Company (Al Mukairish) have agreed to form SembMarine (Middle East) Pte Ltd (SMME). ...
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Precious orders new vessels
Precious Shipping, Thailand's largest shipping firm, has plans to spend $474 million on 15 new vessels to replace its ageing fleet. About $114 million would be earmarked for three new Supermax ships, which range in size from 50,000 to 60,000DWT, and the rest for 12 ships previously announced by the ...
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Boskalis to build two new dredgers
The Amsterdam-based Royal Boskalis Westminster NV has ordered two new dredging vessels for its fleet from IHC Holland shipyard at a total cost of approximately 200 million Euros. Delivery is slated for December 2009 and April 2011. The order is part of an existing, multi-year fleet expansion programme involving an ...
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STX wins bulk carriers
South Korean shipyard STX has won a shipbuilding contract worth at least $240 million for the construction of three bulk carriers, which are expected to be delivered in the second half of 2010.
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Orissa to get its first shipyard
The Orissa government in India has cleared investment proposals for a shipyard to be constructed near Dhamra. The new yard will be built by APJ-Bharati Shipping Company who submitted a proposal of Rs 2,200 crore. The project will be completed in three phases within 72 months of the signing of ...
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Mercator enters jv with shipbuilder
Mumbai-based shipping company Mercator Lines Ltd and shipbuilder Mech Marine Engineers Pvt. Ltd have formed a shipbuilding joint venture, named Mercator Mech Marine Ltd, to build commercial ships.The proposed shipyard will cost Rs2,000 crore and will be located at Vansi Borsi in Gujarat. The yard will be capable of building ...
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SembCorp wins ship conversion deal
Singapore shipyard operator SembCorp Marine said its unit Sembawang Shipyard Pte Ltd has secured a $207 million ship conversion deal from Equinox Offshore Accommodation Ltd. The contract for Equinox Offshore, a Singapore-based oil service company, comprises one-plus-five options to convert passenger/car ferries to DP2 accommodation and repair vessels starting next ...
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Voith acquires AIR
Voith Turbo GmbH & Co. KG in Germany has acquired the share majority in AIR Fertigung-Technologie GmbH & Co. KG based in Hohen-Luckow near Rostock. With this move, Voith Turbo strengthens its leading position in the field of innovative ship propulsion systems. Voith Turbo has been participating in AIR, an ...
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Boskalis orders vessel from Yantai
Dutch dredging services provider, Royal Boskalis Westminster NV, has contracted China's Yantai Raffles Shipyard to build a 21,500 dwt offshore rock dumping fall pipe vessel valued at around $177 million.The vessel, measuring 159 metres long and 32 metres wide, will be built to the American Bureau of Shipping class standard. ...
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Shipbuilders press for subsidy revival
Despite the boom in the global shipbuilding market, Indian shipyards face the threat of becoming less competitive following the expiry of the five-year government subsidy scheme about two months ago. The shipyards have asked the Government to resume the subsidy scheme as shipbuilding, unlike conventional manufacturing, is not protected by ...
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Delays for SCAN's newbuilds
Delivery of each of Scan Geophysical ASA's three newbuilds has been delayed by three months. Based on updated production schedules from the ABG Shipyard in India, the new delivery dates will be June 30, 2008, Sept. 30, 2008, and mid-February 2009. During the third quarter the shipyard suffered from capacity ...
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Sembcorp to invest in Indian shipyard
For the first time, a foreign shipyard has picked up a stake in the emerging Indian ship building and ship repair industry. Singapore-based SembCorp Marine has recently bought a 3.31% stake in Pipavav Shipyard Ltd (PSL) for around Rs 80 crore. The investment agreement between the two companies involves Sembcorp ...
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Keppel wins second floatel contract
Keppel FELS, a subsidiary of the Singapore-based industrial conglomerate Keppel Corp, has won a $206 million contract from Floatel International Ltd to build a 500-man semi-submersible accommodation vessel. Delivery is scheduled for December 2010. This is the second contract awarded to Keppel FELS by Floatel in six months. The new ...
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W?¤rtsil?¤ and V.Ships offer joint services
W?¤rtsil?¤ and V.Ships have agreed to cooperate on the provision of a broad spectrum of marine technical services to third parties in the marine market. Drawing on W?¤rtsil?¤'s strengths as a supplier of ship machinery and systems and V.Ships' success at recruiting and training senior officers and technicians, the partners ...
