Latest News – Page 867
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Posco to build steel plant in Vietnam
South Korea?s Posco Group, the world?s third-largest steel manufacturer, will build a hot-rolled steel plant at a cost of $4.5 billion in central Vietnam?s Khanh Hoa province. The factory, to be erected in Dam Mon peninsula, will have an initial annual capacity of 4 million tonnes which will later be ...
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Norway to build field support vessels in Russia
Norway's KS North Sea Rescue AS has chosen an IMT 955-N design for a series of six Field Support Vessels (FSV) to be built at the Yaroslavsky Shipbuilding Plant, Russia. The vessels are a modified version of the IMT Marine Consultants IMT 955 design of which nine are currently building ...
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SCI plans $3 bn investment
State-owned Shipping Corporation of India (SCI) unveiled an ambitious plan to add 60 million tonnes of vessel capacity in the Eleventh Plan with an investment of $ 3 billion, to meet the growing trade requirements of the company. The public sector enterprise recently placed orders for four Aframax crude oil ...
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Hyundai to build dry dock number 10
Hyundai Heavy Industries plans to build its 10th dry dock in Korea to meet rising orders. The construction of the dry dock, 640 metres long and 92 metres wide, will be completed by January 2009. "We have a three-year backlog and our nine dry docks are already fully booked, while ...
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STX wins mega boxship order
STX Shipbuilding has won a $1.43 billion order from a Greek shipping company to build nine post-Panamax container ships. The deal calls for the South Korean shipyard to deliver the 12,400 TEU vessels to Nike Group by November 2011.This is the first time STX has been asked to build container ...
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Eight more boxships for Samsung
Samsung Heavy Industries, the world's second-largest shipbuilder, has won a 1.25 trillion won ($1.35 billion) deal from an Asian shipping company to build eight container ships for delivery by May 201. Last month, the shipbuilder said its second-quarter earnings reached 130 billion won, compared with 32 billion won a year ...
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Fincantieri selects SimEnterprise
Italian shipbuilder Fincantieri has adopted and will standardize on MSC.Software?s new SimEnterprise technology across all company sites and their extended supply chain.With typical development cycles not exceeding 36 months and including a 12 month design phase, Fincantieri and California-based MSC.Software jointly undertook a detailed program of evaluation, aimed at rationalizing ...
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Old ships may be banned from Indian waters
A local industry report claims that India's Shipping Ministry is considering plans to ban ships over 25 years old from docking at the country's ports. Also being considered are ships flying flags of convenience, such as Panama.The sweeping powers of the laws under consideration will make for uncomfortable reading for ...
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RAN to get new destroyers
Australia?s Federal Government will sign a contract with Spanish designer Navantia, Adelaide-based shipbuilder ASC and systems engineer Raytheon by mid-September, for the construction of three 6,000-tonne air warfare destroyers for the Royal Australian Navy. The new vessels will be customised versions of the Navantia F-100 warship with an extra helicopter ...
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Fesco places order in China
Vladivostok-based Far-Eastern Shipping Company (FESCO) has ordered a series of new bulk carriers to be built in China at the Quingshan Shipyard in Ukhan.The 57,000 DWT newbuildings will be 190 metres long and 32 metres wide and will be fitted with four cranes. Designed to carry corn, coal, ore, pipes ...
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Swiber buys shipyard
Singapore-based Swiber Holdings Limited has acquired 100% issued share capital of North Shipyard (Pte) Ltd for $6.8 million. Swiber describes itself as a "niche service provider" to the offshore industry and is an integrated offshore engineering, procurement, construction, installation and commission ("EPCIC") contractor with supporting in-house offshore marine capabilities. North ...
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Indian yards seek to expand
ABG Shipyard in India has bid for two shipyards on the western coast, state-run Alcock Ashdown (Gujarat) Ltd. and Western India Shipyard Ltd.. In May, it bought unlisted Vipul Shipyard. Its competitor, Bharati Shipyard Ltd., had also shown interest in Alcock Ashdown and Western India Shipyard."There is a pressing need ...
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SHI half-year orders sets new record
Samsung Heavy Industries (SHI) has received an order from a US firm to construct two drill ships, just in time to put the company's combined orders for the first half of the year to over $10 billion. SHI claim this is the first time ever that a shipbuilding company has ...
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ADSB wins Bahrain contract
Abu Dhabi Ship Building (ADSB), the region?s only specialist naval and para-military shipbuilder, has signed a contract with Bahrain?s Ministry of the Interior to refit ten coast guard patrol boats. The deal marks ADSB?s first export order for refits from another GCC country. Work on the boats will take place ...
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GGOS orders two more PSV's
Greatship Global Offshore Services Pte. Ltd. (GGOS), Singapore, wholly owned by Greatship (India) Ltd (GIL), has signed a contract for two more new building multi purpose platform supply vessels (PSV) with Keppel Singmarine Pte. Ltd, Singapore. These vessels are expected to enter into service by the end of 2009.The newbuildings, ...
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IBIA warning on misleading SECA 2 advice
The International Bunker Industry Association (IBIA) has moved quickly to dispel certain misconceptions circulating within the market concerning the circumstances under which regulations affecting shipping within the designated Sulphur Emission Control Area for the English Channel and North Sea (SECA2) will be applied. It has been argued that, under SECA ...
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Angola to get new shipyard
A project to build a shipyard at Porto Amboim in the Angolan province of Kwanza Sul has been presented by two oil companies, Servi?os de Produ??o de Petroleos (OPS) and Sonangol.Jo?o Filipe Rodrigues, commercial director of OPS, said the new shipyard would produce metal equipment for the oil industry and ...
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China overtakes Japan
For the first time China has overtaken Japan to rank the second in terms of vessel order book tonnage with a record $5.49 billion new orders during the first half of the year. This represents an increase of 61% over the same period last year and, according to London-based Clarkson, ...
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Second ST design for CTC Marine Projects
Skipsteknisk AS of Norway was awarded the design contract for a second vessel ordered by Volstad Maritime AS for DeepOcean through its subsidiary CTC Marine Projects Ltd. The vessel of ST-256 L design has a length of 122.4 m and will be built by Fosen Mek. Verksted AS for delivery ...
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Keppel expands capacity with Nantong Shipyard
Keppel Offshore & Marine Limited (Keppel O&M) has officially opened its new wholly-owned subsidiary, Keppel Nantong Shipyard Co Ltd (Keppel Nantong), in Nantong, Jiangsu province, China. The official ceremony was marked by the keel laying of two AHTS for Whitesea Shipping & Supply LLC (WSS) company based in United Arab ...
