Latest News – Page 864
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RIL to pump $2 bn into shipbuilding and dredging
The Mukesh Ambani-owned Reliance Group in Mumbai, India, is set to make a splash in shipbuilding and dredging with two separate companies. Sources said the petroleum-to-retail giant is expected to invest around $1 billion each in two companies and has begun talks with international majors for a strategic tie-up for ...
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Swissco orders offshore newbuilds
Swissco Offshore Pte Ltd, the wholly-owned subsidiary of Singapore-based Swissco International, placed orders for two offshore support vessels (OSV) at a cost of $9.91 million, excluding owner's supplied items. The first unit is a 55 metre azimuth stern drive anchor handling, tug and supply (AHTS) vessel. The vessel is expected ...
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SCI in talks with overseas shipyards for JV
Mumbai-based Shipping Corp of India Ltd is in talks with foreign shipyards for a joint venture in India and plans to buy a stake in any of the two shipbuilding yards proposed by the government. The state-run firm, which wants to get into port management and dredging operations, is also ...
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Rickmers to acquire 4 new vessels
Rickmers Maritime of Germany has signed an agreement to acquire another four 4,250 TEU container vessels. This is on top of its recently-announced acquisition of four 13,100 TEU vessels. Together, the new vessels will increase Rickmers Maritime's total contracted fleet capacity by 170% to 110,310 TEU. Polaris Shipmanagement will manage ...
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Algoma to build three oil tankers
The Canadian shipping company Algoma Central Corp., which operates on the Great Lakes, says it has struck an agreement with the Jiangxi Jiangzhou Union Shipbuilding Co. Ltd. in Jiangxi, China, to build three double-hulled oil tankers. The tankers will cost $91 million to build and the three vessels will be ...
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ABG buys Western India Shipyard
ABG Shipyard is likely to pick up a 40% stake in Western India Shipyard for $56 million. ABG bought the shares held by institutional investors ICICI, IDBI, Bank of India, State Bank of India and UTI.The company has a total debt of over Rs 280 crore and, during the first ...
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Tugboat tender saves SAS from doldrums
The Durban-based Southern African Shipyards (SAS) has won tenders worth R400 million to build five tugboats for Transnet for delivery in 2010.The tugs were being procured through two tenders: one directly from Transnet for three tugs for the Port of Nqgura, and one with Transnet National Ports Authority (NPA) for ...
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Gazprom needs 20 Shtokman LNG tankers
Russia's Gazprom may call a tender for up to 20 LNG tankers in early 2008 to help it ship LNG from the huge Shtokman field. Andrei Fomichyov, head of St. Petersburg's North Shipyard company, said that Gazprom had informed companies that might take part in the tender that each tanker ...
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Pakistan aims to be a shipbuilding country
The Pakistan government has said it is committed to making Pakistan a leading shipbuilding country of the region to take advantage of country?s ideal location and realising its true potential in this sector. The prime minister was chairing the first policy board meeting on development of shipbuilding industry in Pakistan ...
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Hyundai to build 10th dock
Hyundai Heavy Industries plans to spend 134.1 billion won ($143 million) on building another dry dock because of growing orders for container ships and other vessels.This will by Hyundai?s 10th dock, and will measure 640 metres long and 92 metres wide and will be constructed in the port of Ulsan. ...
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Wärtsilä to manufacture CPP in India
Wärtsilä Corporation has decided to manufacture controllable pitch propellers (CPP) in India to create an important and sizeable production capacity increase for the CPP business. The new activity will incur an investment of about 5 million Euros. The CPP production in India will be operational by the end of 2008. ...
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Evergreen may invest in Chinese shipyard
Evergreen Group, parent of Taiwan's biggest shipping line, may invest in a Chinese shipbuilder to accelerate delivery of new vessels. The company "is looking for opportunities overseas" and "China is one of the options," Nieh Kuo-wei, a company spokesman, said. Possible locations for the venture include Guangzhou in China's southern ...
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Samsung wins massive order
Samsung Heavy Industries has won a $1.3 billion order to build five container ships and one offshore oil-processing vessel for a European client. The latest deal brings its total orders this year to $15.2 billion, exceeding the annual target. It has so far this year won deals to build 86 ...
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ISD seeks ownership of Polish shipyard
ISD seeks ownership of Polish shipyardISD Polska, whose majority owner is the Ukrainian Donbas, has placed a binding offer to purchase newly offered shares of the Gdansk Shipyard (SG) for 400 million zloty. ISD Polska also wants to buy out the rest of the Gdansk Shipyard?s shares, whose owners now ...
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China considering licensing shipbuilders
Last year, the State Council of the People's Republic of China set specific targets that would see the shipbuilding industry reach an output of 17 million dwt and a capacity of 23 million dwt by 2010 and an output of 22 million dwt and capacity of 28 million dwt by ...
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EU says Gdansk shipyard merits 'sustainable, viable future'
The European Commission believes Poland's Gdansk shipyard merits a 'sustainable and viable future', spokesman Jonathan Todd said as competition commissioner Neelie Kroes met with worker representatives from the site. The commission has yet to make a decision on state aid for the shipyard after Polish authorities rejected demands to reduce ...
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Titan buys Chinese shipyard
Integrated oil logistics provider Titan Petrochemicals Group Limited (Titan) has reached a definitive agreement to acquire a 100% interest in Titan Quanzhou Shipyard from its majority shareholder for a total consideration of $170 million. The acquisition is in line with Titan?s stated strategy of transforming its business away from the ...
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Ningbo gets Global Carriers contracts
The Malaysian shipping company Global Carriers Bhd has awarded two shipbuilding contracts worth a combined $21.76 million to the Chinese shipbuilder Ningbo Shipyard Co Ltd. The contract involves building two double-hull oil product tankers. The first vessel will be delivered in late 2008 and the second will be delivered about ...
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CESS annual meeting
The Committee for Expertise of Shipbuilding Specifics (CESS) held its annual meeting in San Francisco on 30 August when the members associations Japan, Europe, Korea and U.S.A. gathered and discussed key issues surrounding the global shipbuilding industry. Unfortunately, China was unable to attend this time.The discussion was focused mainly on ...
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Aker standardising on FORAN system
Aker Yards ASA has entered into a contract with the Spanish company Sener Ingenier?a y Sistemas S.A. for the implementation of FORAN System across the group's shipbuilding organization.FORAN is already operating successfully at seven sites of the Norwegian shipbuilding group and, based on the experience using FORAN so far, Aker ...
