Latest News – Page 886
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Samsung wins two LNG carriers
Samsung Heavy Industries has won an order for two 90,000 cbm LNG carriers from a European shipowner. Total contract price is $426 million and delivery is scheduled by May 2011.
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Aker to sell entire stake in Aker Yards
Shares in Europe's largest shipbuilder, Aker Yards ASA, plunged nearly 12% on key owner Aker ASA's announcement that it was selling its entire 40.1% stake.Aker Yards was created in 2004 as a subsidiary when the Norwegian groups Aker RGI and Kvaerner ASA merged to become the Aker ASA concern. The ...
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BAE and VT agree on JV
BAE Systems and VT Group have provisionally agreed the ownership structure of their shipbuilding joint venture and are believed to have asked Sir John Parker, the chairman of National Grid Transco, to head the new company. Industry sources say that the joint venture will be approximately 55% owned by BAE, ...
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Turkey building its largest ship
The increase in global ship construction and the increasing demand for large ships encouraged Metin and Nevzat Kalkavan to invest $120 million in the Sedef Shipyard. They have started work on producing a 180,000 dwt bulk carrier which will be a first for Turkey.Construction began on what will be the ...
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SCI to expand fleet
In what may be the biggest vessel acquisition plan by an Indian shipping company, state-owned Shipping Corporation of India (SCI) will invest around $3 billion over the next four years to acquire 16 vessels. SCI is already spending $1 billion to buy 12 vessels, which will be delivered between 2008 ...
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Mipo wins roro quintet
Hyundai Mipo Dockyard has won an order for five roros at the price of W 407.9 billion from a European ship owner. They will be delivered by April 2011.
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Vacon opens Oz subsidiary
The Finland-based AC drives manufacturer Vacon strengthened its global presence by opening a subsidiary in Australia. With the head office in Melbourne, and sales offices in Perth and Brisbane, Vacon Pacific will concentrate on serving the growing markets of Australia and the Pacific region. "By opening a subsidiary in Australia ...
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First ro-pax cat completed for Turkey
Following the launch in December of ?Osman Gazi-1?, the first of two Austal built Auto Express 88 fast car ferries for the Istanbul Metropolitan Municipality, an inaugural voyage for representatives of the operating cities of Turkey was held on 12 March. This was to commemorate the successful completion of sea ...
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Sub rescue service for Singapore Navy
James Fisher Defence Limited (JFD), a subsidiary of James Fisher in the UK (FSJ), has, with its partner Singapore Technologies Marine Ltd (ST Marine), been selected jointly to deliver a comprehensive submarine rescue service to the Republic of Singapore Navy (RSN). Under the contract, ST Marine and JFD will ...
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Germany optimistic on sub dispute
Germany's defence minister said recently he was optimistic a dispute between Greece's military and a German shipyard would be resolved, allowing an order for submarines to proceed.Greece last year delayed receipt of the first of four Type 214 submarines, arguing its specifications had yet not been met. The submarine is ...
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Turkish shipyards can?t cope
Even though the Turkish ship industry has increased the number of its shipyards by 62%, it transferred 7.5 million DWT of orders to the Far East as all sites are full until 2010. Enjoying its heyday, the Turkish ship building industry has been having a hard time meeting the high ...
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EU imposes duties on Chinese welding product
The European Union imposed five-year tariffs on a welding product from China to shield Austria?s Plansee Metall GmbH from cheaper imports.The duties of as much as 63.5% on tungsten electrodes, used for welding in industries such as aerospace, automobiles, shipbuilding and oil and natural gas, punish Chinese exporters for selling ...
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STX reveals new orders
STX Shipbuilding in South Korea has secured orders valued at $290 million. The shipbuilder won two 74,000DWT product carriers from Formosa Plastic with delivery of second half of 2009. Ship particulars are 228m in length, 32.3m in breadth and 20.6m in depth. Two 46,000DWT product carriers from STX Pan Ocean ...
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CityCat goes to London
The Brisbane shipbuilder behind the original CityCats is constructing six ferries to operate on the Thames after striking a deal worth more than $20 million. The 38m catamaran ferries, being built by Brisbane Ship Constructions (BSC), will form the centrepiece of a dramatic expansion of London's only riverboat service. The ...
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Russia unifying its shipyards
Russia?s shipbuilding assets will be merged into one corporation and city governor Valentina Matviyenko is already looking to locate the headquarters of the new company in St. Petersburg.The decision to create a financial holding ? Unified Shipbuilding Corporation ? came late last week after a ministerial meeting with president Vladimir ...
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COSCO to build semi-sub rig
COSCO Shipyard Group in China and Norway-based Maracc signed a contract for the building of GM 4000 semi-submersible unit. The contract, with a total value of $195 million, has fixed a completion period of 34 months. Currently, there are few shipyards in China which can build such type of platform ...
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StatoilHydro - world?s biggest
The boards of Statoil ASA and Norsk Hydro ASA signed a final plan for a takeover that the companies said will create the world's largest offshore oil and gas producer. The new company, to be called StatoilHydro ASA until a permanent name is agreed, will be created by state-controlled Statoil ...
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Fincantieri captures five more cruiseships
During the "Seatrade Cruise Shipping Convention"in Miami, Fincantieri announced it has reached agreements with Oceania Cruises and Silversea Cruises to build 5 ships (of which 2 options). The agreement with Oceania, a US owner, involves the construction of two 65,000 gt luxury cruise ships, each worth approximately $500 million, for ...
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COSCO to boost crude oil carrying capacity
China Ocean Shipping (Group) Co (COSCO) plans to raise its crude oil carrying capacity to 8 million deadweight tonnes by 2010, up from 4.5 million dwt currently, said company vice president Zhang Fusheng. In a statement, Zhang said COSCO will buy six more VLCCs by 2010, to bring the total ...
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Jutha returns to Higaki
Thailand shipping company Jutha Maritime is set to return to Higaki Shipbuilding, Imabari, Japan for another multi-purpose cargo vessel. Currently the firm owns seven vessels, two of which, JUTHA VASANA and JUTHA BUDDHACHART, are 8,976 dwt sisters built at the Japanese yard in 2000 and 1999 respectively.The new order is ...
