Latest News – Page 879
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BSL signs contract with GOL
Bharati Shipyard Limited (BSL), one of the leading private sector shipyards in India, has signed a contract with Great Offshore Ltd (GOL) for construction and supply of a multipurpose offshore support vessel at a price of $64.80 million.The vessel will have a 10,500 kW diesel electric propulsion system with 5 ...
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Vinashin launches container ship
Vinashin recently launched a 2,900 DWT freighter ordered by the Danish company Erria A/S, which is a one-stop-service provider for everything related to the operation, maintenance, and conversion of ships. The $5 million ?Erria Vietnam?, built by the Saigon Shipping Industrial Company, a subsidiary of Vinashin, is an 80 metre ...
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Samsung wins drill ship
Samsung Heavy Industries has won a drill ship from Saipem at a cost of $660 million for delivery in March 2010.
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SCI to buy four boxships
Shipping Corporation of India (SCI) is planning to invest $280 million in acquiring four container vessels to cater for the rapidly-expanding European and American markets. Two vessels, of 4,400 TEUs each, will be delivered by 2008-end and the other two, of a capacity of 5,000 TEUs each, will be delivered ...
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Pipavav restructuring
Mumbai-based shipbuilder Pipavav Shipyard and Engineering (PSEL) is currently restructuring its capital basis by inviting overseas investors to take a stake in the company. The post-restructuring envisages that four financial investors will hold 40% equity in PSEL. The Nikhil Gandhi-promoted SKIL infrastructure, which floated Pipavav, will hold a 35% stake ...
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Ulstein expands into China
The Norwegian shipbuilder and design company Ulstein is looking to China for future growth. "We want to get into a broader market with our solutions and knowledge. Our intention is to expand our working area globally, as well as develop our competitiveness in Norway," says Tore Ulstein, Director of Market ...
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Uljanik delivers PCTC
Uljanik Shipyard in Croatia has delivered a 12,300 DWT Pure Car Truck Carrier (PCTC) with a 4,900 CEU capacity to Ray Shipping. Named Opal Leader, this newbuilding is 176 m long, 31.10 m wide and has a maximum speed of 20.8 knots.She is driven by Uljanik/MAN-B&W main engine having an ...
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ASL to build innovative pipelay vessel
The Larsen & Toubro/SapuraCrest Petroleum Bhd joint venture has ordered a new-generation heavy-lift/pipelay vessel designed by Sea of Solutions, part of the Offshore Ship Designers Group in Holland. Sea of Solutions was responsible for both the concept design and basic design of the $138m vessel, which will enter service in ...
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Rongsheng seeks stake sale
Chinese shipbuilder Jiangsu Rongsheng Heavy Industries Group is in talks with several foreign investors and could sell a one-quarter stake prior to its stock market listing, expected as early as 2009. Privately owned Rongsheng, based in the eastern port city of Nantong, near Shanghai, plans to float shares simultaneously in ...
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BAE support for LSE
There are plans to make Labuan Shipyard and Engineering (LSE) a world-class facility with the capability for ship repairs and, more importantly, shipbuilding, within two years. The first step is to train 300 apprentice engineers and an additional 50 skilled engineers from Malaysia in Scotland.BAE Systems Surface Fleet Solutions (SSFS) ...
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Quintana secures Imabari newbuild
Quintana Maritime Limited, an international provider of dry bulk transportation services, has agreed to acquire a newbuilding Capesize bulk carrier of 180,000 deadweight tons (dwt). The vessel will be constructed by Imabari Shipbuilding Co., Ltd., the largest shipyard in Japan, with expected delivery during the fourth quarter of 2008. The ...
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?K? Line reduces speed
Japan?s Kawasaki Kisen Kaisha, Ltd. ("K" Line) has started a new ecological project to reduce CO2 emissions by implementation of economical speed navigation in Ise/Mikawa Bay for all "K" Line owned or operated car carriers with the purpose of contributing to environmental improvement in this area.To the extent that schedules ...
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OSD calls for greener designs
Offshore vessel designer, Offshore Ship Designers (OSD), says going green is no longer just an expensive option, and it is no longer just about containing noxious emissions and oil spills. A global focus on carbon dioxide emission reduction means that going green is both a challenge and a business opportunity ...
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China's shipyards to double capacity
China's two largest shipyard groups plan to double capacity by 2010, challenging South Korea as the world's top builder. China State Shipbuilding Corp., the nation's biggest, will have a potential 12.3 million deadweight tons output by 2010 from 6.02 million last year, while China Shipbuilding Industry Corp. will double its ...
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MES delivers large ore carrier
Mitsui Engineering & Shipbuilding in Japan has recently completed the NSS HONESTY, a 230,000 dwt ore carrier (yard No. 1647), which had been under construction at its Chiba Works. The vessel was delivered to its owner Heyday Shipping S.A., Panama. This ship is a sister ship to MV NSS CONFIDENCE ...
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Adani plans JV with Tsuneishi
The Adani group in India is poised to sign a joint venture agreement for its diversification into ship building with the Japanese Tsuneishi group. According to industry sources, the Adani group is close to sealing the deal with Tsuneishi Shipbuilding for the Rs 1,500 crore venture, in which it proposes ...
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Disney confirms newbuild contract
Miami-based Disney Cruise Line has finalized a contract with Meyer Werft shipyard of Papenburg, Germany, to build two new innovative cruise ships that will take the family-focused cruise experience to an entirely new level.Plans to add two 124,000 gt ships to the fleet were announced in February when executives signed ...
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Eitzen Chemical orders 2+2 vessels
Eitzen Chemical ASA has signed an agreement with Jinse Shipbuilding Co., Ltd. in Korea for two coated 13,000 dwt chemical carriers for $23.6 million per vessel for delivery in 2008. The contract includes an option for two additional units.Following this order, the company's newbuilding program consists of 35 vessels (plus ...
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China Merchants orders tanker quartet
Shanghai-based China Merchants Energy Shipping Co. (CMES), the country's biggest oil carrier, has placed orders for four crude oil tankers at a total cost of $343 million. Under an agreement, CMES ordered two 300,000 dwt VLCCs and two 110,000 dwt Aframax tankers from a state-owned shipbuilder in the northern city ...
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Samsung wins OOCL contract
The Hong Kong shipowner OOCL has ordered another five 4,500 teu containerships from Samsung Heavy Industries in a deal worth $331milion. The shipping company already has four 4,500 teu newbuildings on order at Samsung which were contracted in July 2006. Those ships are due for delivery in mid-to-late 2010. OOCL ...
