Latest News – Page 868
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Bharati bags UP Offshore order
Mumbai-based shipbuilder Bharati Shipyard has bagged an additional order worth about $44 million from UP Offshore (Bahamas) Ltd., for two platform supply vessels. In April, the company had secured the first order for two PSVs worth $43 million from UP Offshore, a subsidiary of Ultrapetrol (Bahamas) Ltd. and engaged in ...
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New Aussie cat for Japan
The first Incat 112 metre high speed ferry has been delivered to the Japanese ferry operator Higashi Nihon Ferry. The new Incat 112 metre wave piercing catamaran was specifically designed and built to meet the requirements of Higashi Nihon Ferry and will be able to handle the demanding challenges of ...
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Punj Lloyd buys into Pipavav Shipyard
The New Delhi-based infrastructure major Punj Lloyd has acquired a 25.1% stake in Pipavav Shipyard (PSL) for Rs 403 crore. The deal, done through preferential allotment, is seen as a strategic investment by Punj Lloyd to support the growth of its business in the offshore sector. "This investment will provide ...
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PRISCO launches second Suezmax
The Russian tanker operator Primorsk Shipping Corporation (PRISCO) recently launched ?PRISCO Alcor?, its second Suezmax type tanker. The 166,000 DWT newbuilding is under construction at Hyundai Heavy Industries Shipyard in South Korea and delivery is scheduled for end September.Built to ice class 1A, the tanker has a length of 285 ...
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Newbuilds must have protected bunker tanks
New regulation 12A of Annex I of MARPOL on oil fuel tank protection, adopted by MEPC 54 on 24 March 2006 will come into force. It sets out the requirements concerning the location of oil fuel tanks in all ships with an aggregate oil fuel capacity of 600m3 and above ...
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Cameroon shipyard works progressing
Work at the Limbe shipyard project, the second biggest infrastructural venture in Cameroon after the Chad-Cameroon pipeline, is running on schedule. Good progress has been made as work on the 700m x 8m breakwater, whose construction works commenced in February 2005, has been completed using an estimated 1.5 million tonnes ...
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China launches salvage vessel
China's most advanced salvage vessel "Nanhai 101" was recently launched at Guangzhou Huangpu Shipyard and will be delivered in October to the to Nanhai Rescue Bureau in the Ministry of Communications. The 109.7 metre long newbuilding is the first of its kind built in China during the 11th five-year plan ...
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Biggest boxships yet built by HHI ordered
Nordcapital Group and Hyundai Heavy Industries (HHI) signed contracts for the building of eight massive container ships with a capacity of 13,100 TEU each. These will be the largest container ships HHI has built and also represents the biggest single contract for the shipbuilders with a value of $1.4 billion. ...
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BAE - VT merger
The UK shipbuilders BAE Systems and VT Group confirmed the long-awaited merger of their shipbuilding assets following the Government?s decision to provide the Royal Navy with two new aircraft carriers. The £1 billion company will effectively become the UK?s last shipbuilder and the joint venture will own dockyards at Portsmouth ...
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IHI to set up factory in Vietnam
Japan?s leading shipbuilder, IHI Corporation, will establish a 100% foreign-owned factory in Vietnam?s northern city of Haiphong. The move makes the first time that a large foreign shipbuilder has established a facility specialising in ship design in Vietnam. The factory is expected to represent 25% of the design of commercial ...
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HHI on-ground system cuts build time
Hyundai Heavy Industries Co., Ltd. (HHI) recently launched an 82,000 m3 LPG carrier for Norwegian company BW Gas, formerly known as Bergesen. This is the first LPG carrier built on the ground at HHI, rather than in the conventional dry dock method. The Korean shipbuilder has so far completed 16 ...
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AMC gets new wharf
The Australian Marine Complex (AMC), Australia?s premiere shipbuilding precinct, has been a hive of activity recently with the opening of a new wharf. Located on the shores of Cockburn Sound, 23 kilometres south of Perth, Western Australia, the complex has become Australia's leading integrated industrial estate with a deepwater port, ...
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MOL in joint ownership of new LNG carrier
Mitsui O.S.K. Lines, Ltd. (MOL) has announced that, together with the Kansai Electric Power Co., Ltd., and Iino Kaiun Kaisha, Ltd. (Iino Lines), it has agreed on joint ownership of a newly built LNG carrier (MOSS type, 145,000m3). MOL will hold a 15% share of the new vessel, Kansai Electric ...
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Horizon wins tug contract
Horizon Shipbuilding in Bayou La Batre, USA, has won a $80 million contract to build up to nine 43 metre tugs designed to push barges full of refined oil products on the nation's inland river transport system. The three-year deal will mean hiring about 120 new workers at the Bayou ...
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Asia?s first 10,000 TEU container ship christened
Asia's first 10,000 TEU container ship, classed by Lloyd?s Register, was recently christened at Hyundai Heavy Industries? (HHI) yard in Ulsan just days before its scheduled delivery on 6 August to the China Ocean Shipping Group (COSCO), China?s biggest shipping line. COSCO Asia, designed with a nominal capacity of 10,050 ...
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UK's future aircraft carriers given the green light
UK's Secretary of State has announced the building of Britain's largest ever naval ships and orders will now be placed for the two new aircraft carriers. The ships will have a displacement of 65,000 tons and will be named, as previously announced, HMS QUEEN ELIZABETH and HMS PRINCE OF WALES ...
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SSN in financial trouble
Just five years after it was founded, Stocznia Szczecinska Nowa (SSN) is facing bankruptcy. The Polish shipbuilder is supposed to get PLN 100-200m (EUR 26.6-53.2m) of capital and PLN 34m of credit. SSN wants its shareholders, i.e. state-owned Agency for Industrial Development (ARP) or KPS corporation, to raise its capital. ...
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Erria awards Rushan contract for three chemical tankers
Danish maritime company Erria A/S has awarded the Chinese shipbuilder Rushan Shipyard a newbuilding contract for three chemical tankers. The contract covers a firm order for three 6,500 DWT chemical tankers and options for three plus three additional vessels. No financial details were disclosed. Erria, headquartered in Kastrup, Denmark, is ...
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Portosalvo orders Aker PSV
Aker Yards has entered into a contract with Portosalvo Ltd. for the building of one 4,800 DWT Platform Supply Vessel based on the design Aker PSV 09 CD. The value of the contract is approximately $53.5 million and delivery is scheduled in 4Q 2010. Portosalvo, a UK based subsidiary of ...
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Guangzhou Shipyard sees H1 net up sharply
Shanghai-based shipbuilder Guangzhou Shipyard International expects a massive increase in its net profits for the first half compared with a year earlier. Guangzhou Shipyard, controlled by the country's biggest shipbuilder China State Shipbuilding Corp., attributed the gain to improved efficiency and new accounting rules. The company booked $20.31 million net ...
