Latest News – Page 910
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Rig project bonanza for Teesside
SeaDragon Offshore, a newly formed company, plans to float on the London Stock Exchange next year to raise funds for a $1.5bn drilling rig construction project. SeaDragon intends to build three semi-submersible rigs worth $500m each in Teesside, with the hulls to be bought from Russia's Sevmarsh shipyard. The project ...
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QGTC orders LNG number 17
Qatar Gas Transport Company (QGTC) has ordered another QMax LNG carrier which brings to 17 the number of LNG carriers that the company has ordered so far this year. The QMax vessels, with a capacity of approximately 265,000 cubic metres and a delivered cost in the region of $300m, are ...
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FVH bails out Gdansk
The Italian company FVH, owner of one of the biggest gas ports in Europe, will become a minority shareholder in the Gda?sk shipyard. FVH will pay $6.64 million, covering what the shipyard owes to ZUS. FVH will receive an allocation of 20% of shares by the middle of November which ...
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Tanjung awards AHTS job to BNS
Tanjung Offshore?s unit Tanjung Kapal Services in Malaysia has awarded a $11.2 million shipbuilding contract to Boustead Naval Shipyard (BNS), formerly known as PSC-Naval Dockyard, for an anchor-handling tug and supply vessel. Construction of the vessel would be financed by internal funds and borrowings and completion of the vessel is ...
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GL tackles dangers in ice
The demand for ice class ships is growing. Especially tankers are being increasingly sent on transport routes in arctic and sub-arctic regions around the world. Cold and ice are a particular challenge to people and technology. The problems that arise on shipping routes through ice and how damage can be ...
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HAVI orders two AHTS
Havila Shipping ASA (HAVI) has entered into a new building contract with Havyard Leirvik shipyard for 2 anchor handling tug supply vessels (AHTS). The cost for the two vessels is estimated at $170 million and delivery of the first vessel will take place in April 2009 followed by the second ...
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Rem orders again at Simek
Rem Maritime in Fosnavag, Norway, has signed a contract with Simek shipyard in Flekkefjord to build two offshore vessels. The contract has a total value of $54 million. Build number 118 is a multi-purpose field support vessel of MT6009 L design from Marin Teknikk AS in Tj?rvåg. The vessel will ...
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Record growth at GL
Over 100 ships under construction with a gross tonnage (GT) of more than 2.1 million were commissioned in October with Germanischer Lloyd (GL) class. These include container ships amounting to over 1.7 million GT, tankers, bulk carriers, passenger ships and other types of vessels. The record-breaking month of October has ...
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Vietnam aiming high says DNV
Vietnam?s fledgling shipbuilding industry has its sights on going higher. Although it is still some way behind South Korea, Japan and China, DNV management agree that Vietnam will move higher in the world shipbuilding league table.The Vietnamese state shipbuilder Vietnam Ship Industry Corporation (Vinashin) has ambitions to become the world?s ...
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HHI profit surges
The South Korean shipbuilder Hyundai Heavy Industries (HHI) announced that its third-quarter profit rose 21% reflecting the higher newbuilding prices of oil tankers, cargo ships and LNG carriers. Net income rose to $210 million from $178 million in the previous year, the Ulsan-based shipbuilder said in a regulatory filing. Sales ...
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BCF awards Sonia to local yard
BC Ferries in Canada has awarded Victoria Shipyards the contract to perform major modification work on the replacement vessel for the ?Queen of the North? which sank earlier this year.In capturing the $8 million contract, Victoria Shipyards was successful in beating off competition from three highly-qualified international yards. BC Ferries ...
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Tsuneishi gets Jinhui duo
Hong-Kong-based bulker owner, Jinhui Shipping and Transportation Limited, has ordered two handymax bulk carriers from Japanese shipbuilder Tsuneishi Heavy Industries at a total cost of $61 million. The 58,000 DWT vessels will be built at Tsuneishi?s Cebu facility in the Philippines and delivery is scheduled for 2009.
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Liberian Registry set for Greek surge
The Liberian Registry has topped the 70 million gross tons mark for the first time in more than twenty years as it continues to outpace competing registers. It is also dominating the market for new ships, and is set to claim at least 25% of the Greek newbuilding sector. This ...
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Masson-Marine joins ZF
Masson of France, a manufacturer of drive and reduction gear systems for workboats, has become Masson-Marine, regaining its independence, and with its directors fully back in control. For nearly a century, Masson has developed and manufactured drive systems for workboats (fishing boats, tugs, off-shore vessels, tankers, cargo ships, barges, dredgers, ...
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Laird's blamed for its collapse
The UK shipbuilder Cammell Laird has been blamed for the failure of a deal that led to the firm's collapse. The shipbuilder called in receivers in 2001 after a £50m contract to lengthen the Italian cruise ship ?Costa Classica? fell through.Cammell Laird claimed that it had already built the hull ...
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Samho clinches four box ships
Hyundai Samho Heavy Industries has clinched four container ships at the price of $330 million. Ship owner is based in Asia and they will be delivered by September 2009.
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Proposed Chicalim shipyard stopped
The Coastal Regulatory Zone Management Authority (CRZMA) has clamped down on the controversial shipyard project at Chicalim, near Goa in India, by ordering the stoppage of work, seizure of material and issuing of a ?show cause notice? under the CRZ to the shipyard.A report by the South Goa Collector indicated ...
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Dung Quat building Vietnam?s largest tanker
The Dung Quat Shipbuilding Industry Corporation has begun building a 104,000 dwt oil tanker named "Dung Quat 01", the largest of its kind to be built in Vietnam so far. The construction, which uses technology from Poland, will be supervised by the American Bureau of Shipping (ABS). Technical experts from ...
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MISC in expansion mode
AET Inc Ltd, a subsidiary of Malaysia's national shipping company MISC Berhad, has ordered four 107,500 dwt Aframax tankers from the Japanese shipbuilder Universal Shipbuilding Corp at a cost of $260 million. Delivery of the first vessel is scheduled for 2009 and the remaining three units in 2010.MISC, which is ...
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Wärtsilä invests in steerable thrusters
Wärtsilä Corporation will invest in the manufacture of steerable thrusters in China and the Netherlands. The investment value is Euro 8.7 million. In China, Wärtsilä will invest in the machinery and assembly equipment for the manufacturing of Lips Compact Thrusters in the Wuxi factory. This will allow the transfer ...
