Latest News – Page 908
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Austal responds to MCA study
Austal has issued a press release in response to a study commissioned by the UK's Maritime Coastguard Agency (MCA) in early 2003 which has subsequently been selectively quoted without full consideration of the hull forms tested, their relevance to current day designs or operational experience. The West Australian shipbuilder has ...
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First OSG tanker named
The naming ceremony was held for the first product tanker in American Shipping Corporation?s 10 ship series. Aker Philadelphia Shipyard achieved another significant milestone in the build program with keel laying for the third vessel in the series. The first section of the double- hulled product tanker scheduled for completion ...
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Peter Dohle comes to India
Germany-based Peter Dohle group, one of the world's largest privately held shipowners, is the latest business group to be attracted to India's booming economy and its potential. The group owns about 100 vessels and controls another 240 ships. It is planning to add 60 owned ships to its fleet over ...
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New oil spill technology developed
Scientists at the University of California-Santa Barbara have developed a new technology for cleaning oil spills on oceans, lakes and other waterways. They have constructed and successfully field tested an improved version of the mechanical skimmer, the mainstay device for recovering oil spilled on water. Relatively unchanged for decades, the ...
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Ageing ferries cause for concern
Soaring repair bills and more frequent service interruptions can be expected with Marine Atlantic?s ageing fleet of ferries, the union representing navigators, engineers, electricians and radar technicians aboard the vessels warned. Owned by the Canadian Federal Crown, the ferries provide a vital marine transportation link across the Cabot Strait between ...
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BV to acquire GL
Bureau Veritas (BV) has announced it intends to combine its strengths with those of Germanischer Lloyd (GL) and has made an offer to all GL?s shareholders to acquire their shares. Once completed, the proposed alliance will create the global leader in ship classification. The worldwide headquarters of the new division ...
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Daesun wins four PCs
Daesun Shipbuilding has clinched four product/chemical tankers at the price of $102 million from a European-based shipowner. The four will be delivered by June 2010.
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Nigerian yards complete FPSO topside
US oil major Chevon confirms that two Nigerian shipyards have completed key components of the of $1 billion FPSO vessel for the Agbami deep offshore oil field, which is on track to come into production in 2008. The fabrication of FPSO topsides modules which commenced in February 2006 at the ...
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Steel mills expanding capacity
Dongkuk Steel, Korea?s third largest steel firm has completed the construction of its exclusive berth at Pohang New Port in North Kyongsang Province. The dock is for 40,000 and 10,000 DWT ships and will be able to handle up to 2.3 million tonnes of slabs and raw materials for steel ...
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STX wins Greek tanker order
South Korea's STX Shipbuilding has received an order to build two crude oil tankers for $138.2 million for a Greece-based company. The order calls for STX to deliver the two vessels to Liquimar Tankers Management by July 2009.
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JFE mulling takeover of Hitachi Zosen
JFE Holdings Inc. is considering taking over Hitachi Zosen?s stake in Universal Shipbuilding Corp., a joint venture between the two firms. The deal would mark Osaka-based Hitachi Zosen's effective departure from shipbuilding and it will instead concentrate on its mainline environment equipment and plants business to try to bolster profitability.The ...
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UK unveils new LSD(A)
The Royal Navy unveiled its latest amphibious Landing Ship Dock (Auxiliary), the Royal Fleet Auxiliary ?Largs Bay?, which is undergoing sea trails prior to entering service later this year. This state-of-the-art 16,000 tonne landing ship is more than twice the size of her predecessors. At 177 metres long, she can ...
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FPSO stranded by strike
North Sea divers have scuppered the planned departure of a recently completed FPSO conversion at a South Tyneside yard. ?Global Producer III? was due to leave McNulty Offshore in South Shields yesterday following the completion of a nine-month conversion contract for Maersk Oil UK.However, more than 900 Rail, Maritime and ...
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CSSC buys Hudong Heavy
China State Shipbuilding Corp (CSSC) will take direct control of Shanghai-listed Hudong Heavy Machinery before its planned $800 million IPO on the Hong Kong Stock Exchange next year, according to local reports.Hudong Machinery, which has a 60% market share in Chinese production of low-speed diesel engines for ships, said its ...
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Shipbuilding blueprint unveiled
China will encourage more foreign investment in its shipbuilding industry but will restrict it to 49%, according to the latest official blueprint for the industry. "Foreign shipbuilders are allowed to reorganize, acquire or jointly fund shipbuilding enterprises provided they hold no more than 49% of the shares," according to the ...
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Hyundai Mipo Q3 earnings soar
Hyundai Mipo Dockyard Co., the world's fourth-largest shipyard, said its third-quarter earnings surged 130% from a year earlier thanks to increased ship prices. Net profit amounted to $51.7 million in the three months to 30 September compared with $22.6 million a year ago.Sales jumped 26.6% to $656 million, and operating ...
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Japan building new shipyard
Minaminippon Shipbuilding is planning to open by April 2008 a new shipyard able to build 100,000 DWT tankers on land to be purchased in Oita Prefecture's waterfront industrial belt. The company will also build a repair dock at the new facility and expand an existing shipyard elsewhere in Oita in ...
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Two Capers for Korea Line
Korea Line has placed an order for two Capesize bulkers for delivery in 2011 and 2012. Total contract price is $140 million. Details of the ship builder have not been revealed.
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Shinpetrol goes for twenty newbuilds
The Dung Quat Shipbuilding has won an order from Vinashin Oil and Gas Investment and Transport Joint-stock Company (Shinpetrol) to build ten 54,000 dwt tankers. The 190-metre long and 32.26-metre wide ships will be built at a cost of more than $20 million each. They will be designed by the ...
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Black Sea to get big shipyard
The biggest shipyard in the Black Sea region will be built in Trabzon, a city on the coast of northeastern Turkey. The foundation of the ?Yenicam Shipyard? will be laid this month. The new shipyard will cost $28.3 million, employ 5,000 workers and is scheduled to be operational by the ...
