Latest News – Page 862
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OSG orders two more tankers
Aker American Shipping ASA and Overseas Shipholding Group, Inc. (OSG) have signed an agreement pursuant to which Aker Philadelphia Shipyard, a subsidiary of Aker American Shipping, will construct two additional Veteran Class MT-46 Jones Act product tankers. The tankers will be transferred to another subsidiary, American Shipping Corporation, which will ...
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Gelibolu ready for shipyard project
Studies have started for a shipyard construction project in ??anakkale's Gelibolu district on one million square-metres of land in Cevizli Village. The proposed shipyard will be the biggest in Turkey and the Middle East. The project, to be built by a consortium formed by Turkish Union of Ship Owners president ...
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China orders from STX
STX Shipbuilding has won a $30 million order from a Chinese shipping company to build a handy-size bulk carrier. The order placed by Taizhou Maple Leaf Shipbuilding Co. calls for the South Korean shipyard to deliver the carrier by 2010.
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Sea Ocelot delivered to Deep Sea
Deep Sea Supply's Sea Ocelot, a 10,800 bhp AHTS vessel, was delivered from Jaya Shipbuilding & Engineering Pte Ltd. in Singapore. The Cyprus-based Deep Sea Supply has a one-year firm bareboat charter agreement with owner Java Marine Lines Pte Ltd., and has also secured a purchase option at the end ...
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L&T set to build warships
Going after the government???s planned Rs50,000 crore investment in warships, India???s largest engineering and construction firm Larsen & Toubro Ltd (L&T) plans to build defence warships and para-military vessels at its proposed shipyard at Kattupalli, in Tamil Nadu, to cater for the needs of the Indian Navy.???L&T plans to enter ...
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SembCorp to invest in second shipyard in Brazil
Sembcorp Marine said today that its unit Jurong Shipyard and Brazil's WTorre Empreendimentos Imobilirios SA have signed a memorandum of understanding (MOU) to form a joint-venture company to own and operate a shipyard in Brazil. The terms of the deal are still being finalized, it said. The shipyard, which WTorre ...
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Two more seismic ships for Dubai
The newly formed Dubai-based shipping company Eastern Echo (EE) is to build two more Ulstein designed SX 124 X-Bow seismic vessels in Dubai for delivery in the first quarter and second quarter of 2009. The vessels will be built at Dubai Drydocks and brings the number of orders for this ...
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Angola???s Petromar to invest in shipyard
The Angolan company Petromar in Luanda plans to invest $40 million in the upgrading of a shipyard at Ambriz, in Zaire province, in order to provide services to the oil industry, the company???s director general, Philippe Ferderic said.Frederic told the press that conclusion of the project was expected in June ...
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Japan plans CO2 reductions for shipping
The Japanese government is preparing to set aside funds to develop fuel-efficiency standards for large ships. The Japanese Finance Ministry has been requested to allocate about 95 million yen ($827,000) in the fiscal 2008 budget for the project.The Ministry of Land Infrastructure & Transport (MLIT) will spearhead the project to ...
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Petrobras orders more semi-subs
Brazil's state-run oil company Petrobras has sealed a $1.4 billion contract for a new 100,000 barrel-per-day P-56 semi submersible oil rig with FELS Setal-Technip consortium after months of exclusive negotiations. FELS Setal is controlled by Singapore's Keppel Corp while Offshore & Marine Ltd. Technip is a French energy services group. ...
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ABG nets German order
ABG Shipyard in Mumbai has bagged an order of £363 million from Germanys Bereederungsgesellschaft H Vogemann GmbH for the construction of 12 handysize bulk carriers of 35,000 DWT. With this order, the company's order book now stands at $1.8 billion. The order was signed on 3 July 2007 and financial ...
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Keppel wins two more conversions
Singapore based Keppel Shipyard Ltd was awarded two ship conversion contracts from repeat clients worth a combined $67 million. The first contract, awarded by Prosafe Production Pte Ltd, is for the conversion of a tanker into an FPSO facility, expected to be completed by late 2008. The second contract is ...
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India examines shipbuilding proposal
Official sources in India indicate that Bharati Shipyard Ltd and Apeejay Surendra Group have jointly proposed to develop a state-of-art shipbuilding and ship repair yards at Dhamara in Bhadrak district. "The government is examining the proposal", Industries Minister B B Harichandan said. Official sources said the government was serious about ...
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SCI confirms shipyard plans
Shipping corporation of India (SCI) has firmed up plans to build the country?s largest shipyard with an investment of around Rs 3,000 crore. The shipping company would compete with Larson and Toubro (L&T), Korean shipping major STX, Essar, Shapoorji Pallonji and Bharti Shipyard for the two shipbuilding projects that the ...
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Tera-block speeds up shipbuilding
Samsung Heavy Industries has developed a new shipbuilding system, called the "tera-block" method that allows the company to assemble a vessel from just two large ship blocks. An extra-large ship usually consists of dozens of blocks, but in recent years shipbuilders have been trying to reduce the number of ship ...
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World's largest windjammer
Star Clippers have been in discussions with shipyards to build a new five-mast vessel for delivery in 2010. Expected to be the largest, most expensive sailing vessel ever constructed, the 7,400 gt barque is modelled on ?France II?, which at 5,000 gross tons was the world's largest sailing ship when ...
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Essar orders bulkers from ABG
Cyprus-based sea transportation company Essar Shipping & Logistics Ltd (ESLL), which is a unit of the diversified Essar Global Ltd, has placed a mega order for constructing six bulk carriers with ABG Shipyard. The Mumbai-based shipbuilder will construct six geared Supramax bulk carriers at a total contract price of $210 ...
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COSCO to build bigger vessels
COSCO Corporation has secured shipbuilding contracts worth $724 million to build 16 bulk carriers for German, Taiwanese and Greek shipowners. The vessels consist of bulk carriers of 57,000, 80,000 and 92,500 dwt and will be delivered between March 2010 and July 2011. The contracts are seen as significant for COSCO ...
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New shiprepair yard coming to Philly
A company that has repaired some of the world's largest cruise ships plans to set up a second operation in Philadelphia. The new shipyard, to be called PennShip Service, is expected to employ a core group of 200 workers and more when big projects are scheduled.Under an agreement signed recently, ...
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Bocimar's ordering spree
Bocimar International, the dry cargo ship owning subsidiary of Belgian-based CMB, has ordered 10 handysize bulk carriers from Samjin Corporation, in South Korea, for $36m per vessel. The 33,500 dwt newbuildings are scheduled for delivery between September 2009 and December 2010. In addition, as part of a 50/50 joint venture ...
