Latest News – Page 911
-
News
New drillship deal for FOE and KNOC
Fred Olsen Energy ASA (FOE) has entered into an agreement of intent with the Korean state owned oil company, Korea National Oil Corporation (KNOC) of South Korea, to request proposals for the construction of a jointly owned new-build ultra deepwater drillship. FOE`s wholly owned subsidiary, Dolphin Drilling Ltd., will in ...
-
News
ABG in oil rig deal
ABG Shipyard in India has entered into a technical collaboration with Friede & Goldman of the U.S. for manufacturing offshore oil rigs at Dahej in Gujarat. The agreement was signed in October and the yard plans to start constructing offshore jack-up rigs by the end of 2007. ABG has a ...
-
News
Aegean orders bunker tankers
Aegean Marine Petroleum in Greece signed a newbuilding contract for seven double hull bunkering tankers of 6200 dwt, with Qingdao Hyundai Shipbuilding Co. Ltd. in China. The shipyard is majority owned by Korea?s HHI.The newbuildings will be classed by DNV and, upon completion, will receive the class notation +1A1 Tanker ...
-
News
Italians and Ukrainians invest in Stocznia Gdansk
The Italian company FVH is considering buying shares worth 5.2 million Euro in the Polish shipyard of Stocznia Gdansk and another stake will be acquired by Ukrainian Donbas.FVH operates in LNG sector and may become the owner of the shipyard. FVH could order small and medium-sized LNG carriers from the ...
-
News
P&I club heat warning
The North of England P&I club has warned shipowners of the increasing risk of officers and crews suffering potentially fatal heat illness as global temperatures rise and ships work harder. In the latest issue of its loss-prevention newsletter 'Signals', the club reports there have been a number of recent cases ...
-
News
Varun in spending spree
Mumbai-based Varun Shipping said it will invest $445 million to expand its fleet of tankers, gas carriers and offshore vessels over the next 6-8 months, a senior official said.The company, which has its secondary listing offer in Singapore on hold, plans to raise $52 million through a preferential equity issue ...
-
News
Cosco's profit up
Cosco has reported a 26% jump in its third quarter on strong contributions from its ship repair and marine engineering business. For the three months to September, it booked earnings of $46 million. The figures include a one-time exceptional gain from the sale of three bulk carriers. Income for the ...
-
News
IHI delivers Japan's largest boxship
Kawasaki Kisen Kaisha, Ltd. ("K" Line) has taken delivery of the new 8000TEU container vessel ?Humber Bridge? at the Kure Shipyard of IHI Marine United. This is the largest containership ever built in Japan. She is the lead-ship in an eight-ship series on order with IHI Marine United Inc. The ...
-
News
Novatug establishes consultancy
Novatug, the Rotterdam-based specialist behind the design of the revolutionary Carousel towing system for tugboats, has established an international tugboat equipment sourcing consultancy for vessel owners and shipyards.Rolf Kievits, general manager of Novatug, says, "There are huge shortages of certain types of equipment in today?s market. But Novatug is in ...
-
News
Swan has sunk
The cranes at the Swan Hunter yard have been sold, ending nearly 150 years of shipbuilding. Owner Jaap Kroese, 67, confirmed the sale, which comes just three months after the world-famous Tyneside site shut with the loss of 800 jobs. The Dutch multi-millionaire, who rescued the yard from the receivers ...
-
News
Italy may sell Fincantieri shares
The Italian government is considering selling shares in Fincantieri, the country's largest shipbuilder, which may raise about 750 million euros ($951 million) as Prime Minister Romano Prodi divests government assets to cut debt. The Prodi government may sell about half of Fincantieri in the first six months of 2007 in ...
-
News
Russia, France expand naval cooperation
Russia's state arms exporter and a French defense company signed a cooperation document during an international arms show in France. Rosoboronexport and DCN signed a letter of intent aimed at establishing and developing export and technical cooperation in the naval sphere, particularly in R&D and the design of combat ships ...
-
News
Severnav blighted by Danube
The Romanian shipbuilder Severnav Drobeta Turnu Severin made 840,000 Euro profit in the first nine months of the year, against about 73,000 Euro in the corresponding period of last year.However, the company's turnover suffered a 66% drop to 4.32 million euros compared to the 12.5 million euros for the same ...
-
News
STX wins six PCs
STX Shipbuilding has won six LR1 product carriers from the Shipping Corporation of India at a total price of $373 million. They will be delivered by July 2010.
-
News
New contract for rejuvenated yard
A shipyard which came back from the brink of death is celebrating fresh contract success. McNulty Offshore has clinched another lucrative order to help safeguard some of the 850-strong workforce at its South Shields yard.About 100 workers were laid off last week as the Maersk Oil owned FPSO ?Global Producer ...
-
News
A&R build first SWATH yacht
A new design of expedition vessel for worldwide cruising has been created by Abeking and Rasmussen (A&R). The German yard has received an order from a private yacht owner for this new design after he sold his conventional monohull yacht. New building number 6480 is being built as a SWATH ...
-
News
China into VLCCs
China's major ocean shipping business, China Shipping Group Company (CSGC), signed a contract to build four VLCCs. The four 308,000 DWT vessels will be built by China State Shipbuilding Corporation (CSSC). CSGC will have 12 VLCCs by 2010 giving a total carrying capacity of 8 million tonnes. Currently, CSGC has ...
-
News
VT Halmatic delivers first Camarc pilot boat
The new pilot boat, to be named ?Greatham?, is one of two ordered by PD Ports in the UK for Teesport and Falmouth Harbour Commissioners. The vessel?s design is based on Teesport?s existing 16 metre pilot boat ?Coatham?. Based on 6 years experience of successfully operating this type of vessel ...
-
News
IBIA backs multiple solutions for cleaner emissions
The International Bunker Industry Association (IBIA) says that moves to further tighten air emission controls on shipping through changes to IMO?s Marpol Annex VI must be based on a multiple solution approach.Speaking at IBIA?s annual convention, held in Monaco, Ian Adams, secretary-general of IBIA, said: "The international community wants to ...
-
News
Northrop Grumman supplies S-VDRs for Teekay
Northrop Grumman Corporation in the USA has been selected to supply simplified voyage data recorders (S-VDR) for 59 Teekay Shipping vessels. Northrop Grumman?s Sperry Marine business unit is supplying the S-VDR hardware, as well as technical support, installation kits, interface devices, commissioning and training, through its worldwide service network. The ...
