Latest News – Page 915
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Vinashin wins UK contracts
The Vietnam Shipbuilding Industry Group (Vinashin) secured two large contracts worth $800 million with their partners in the United Kingdom. The Vietnamese shipbuilding giant will build 25 ships worth $680 million for Graig Investment Limited. In the other contract, it will build a floating oil tank for the Vietnam Oil ...
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KOTC to order VLCCs
Kuwait Oil Tanker Company (KOTC) plans to build four new crude oil tankers with a total capacity of 1.2 million tonnes. According to the report, each tanker will cost between $120 million to $130 million, depending on technical specifications, while the previous cost was $100 million per tanker. KOTC will ...
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NITC building six tankers
National Iranian Tanker Company (NITC) has ordered six oil tankers for carrying oil from Caspian Sea littoral states to the northern port of Neka, announced head of the company. Three of the 63,000 dwt tankers are under construction at Sadra Shipyard in the port of Neka while the other three ...
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Magellan ? the ultimate in luxury
The US-based Residential Cruise Line Ltd. (RCL), the parent company of the Magellan, the world's largest private residential cruise ship, will be expanding the proposed new vessel by adding twelve additional residences and a new amenity, a world class tennis court. Previously listed at 246 m/70,000 gt, the Magellan will ...
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Indonesia's shipping needs $1.25 billion
Indonesia's shipping industry needs $1.25 billion in investment to produce a fleet of coal carriers to meet the government's crash program in the power supply sector to build new coal fired power plants with a total capacity of 10,000 megawatts to be completed before 2010.The crash program is feared to ...
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Tyne to scrap ships
If they are granted planning permission, bosses at A&P Tyne at Hebburn hope to win contracts to dismantle ex-Royal Navy vessels. They claim the move into the ship breaking business would safeguard the yard's future and create new jobs.The ship repairing company has submitted a waste management licence application to ...
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MAN acquires 100% Pielstick stock
MAN Diesel SE, Augsburg, has taken over from MTU Friedrichshafen GmbH the remaining 33.4% share of the French Diesel engine manufacturer S.E.M.T. Pielstick S.A., headquartered in Villepinte near Paris. The acquisition and the transfer of the shares become effective as of 1st January 2006 retrospectively. Both parties agreed not to ...
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Coastal Contracts upbeat
The Sabah-based shipbuilder Coastal Contracts, sees bright prospects for its business driven by growing demand for its offshore support vessels amidst a favourable global macroeconomic environment. Executive chairman Ng Chin Heng said that the regional drilling activity is expected to expand across the board, with solid increases anticipated for India, ...
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Success for MM designs
Egil Ulvan Rederi AS has ordered a general cargo vessel of the new "MM 66 CC" design at Moen Slipp AS in Kolvereid, Norway. This will be the yard's newbuilding number 67 and is scheduled for delivery early January 2009.The design is the result of a close cooperation between the ...
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Wärtsilä and MAN Diesel to initiate Hercules-B
The two world?s leading European marine engine manufacturer companies, MAN Diesel and Wärtsilä Corporation have agreed to set up a large-scale cooperative research project codenamed HERCULES-B. This large innovative research and development project has as its objective the development of a technological breakthrough in the reduction of fuel consumption and ...
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Clipper orders a dozen handies
Tsuji Heavy Industries of Japan and Clipper Group of Bahamas have signed a contract for the construction of another 12 newbuildings of the 30,000 dwt 'Trader' type, being double-hull, handysize bulk carriers. This order is in addition to the first 12 newbuildings ordered by Clipper Group at Tsuji Heavy Industries ...
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Aker bags Stolt dozen
Aker Yards has won a contract with the Stolt-Nielsen Transportation Group (STNG) in Rotterdam, Netherlands, to deliver four innovative parcel tankers with stainless steel cargo tanks. The contract represents an important strategic move to Aker Yards in repositioning its merchant vessels business area towards more specialized vessels. The value of ...
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JdN and Nautilus in mining venture
Nautilus Minerals Inc in Vancouver, Canada, has entered in to a Heads of Agreement with Belgium based Jan De Nul (JdN), one of the world's leading international dredging companies. Under the agreement, JdN will construct at its cost, a specialized deep-sea mining vessel for Nautilus's Solwara Project in Papua New ...
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SBM to supply semi-subs
The Dutch company SBM Offshore has received three letters of intent from Brazilian drilling contractors for the supply of DP semi-submersible drilling units. These loi's were issued in the context of ongoing negotiations between two drilling contractors and Petrobras for the award of long term drilling contracts, starting in 2009. ...
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Novoship orders four PCs
Novoship in Russia placed new order for four 112,000 dwt Aframax product tankers with Hyundai Heavy Industries. Delivery is slated for 2009.
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Hanjin eyes early expansion of Subic facility
Hanjin Heavy Industries and Construction Co. of Korea will expand its shipbuilding facility at Subic Bay Freeport by at least 100 hectares to house a training center and water treatment substation and other support facilities and would eventually occupy 500 hectares in the Redondo district. Hanjin initially had provisions for ...
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Incat delivers latest 98
Incat?s in Tasmania has delivered a new 98 metre Wave Piercing Catamaran to one of Spain?s largest shipping companies, Acciona Trasmediterr?nea (AT). Milenium Tres is the sixth Incat high speed catamaran to join the AT fleet which includes the 96 metre Milenium and the 98 metre Milenium Dos, both of ...
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Davie shipyard rescue plan is back on
The Norwegian businessman who wants to save the bankrupt Davie shipyard says the deal is back on. If the $30 million deal is concluded, the Canadian shipyard will re-open for business before the end of this month.
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Argentine shipyard comes to life again
The Domecq Garc?a shipyard in Buenos Aires, Argentina, is slowly coming to life again after having been closed down in the 1990s. This specialized shipyard, set up in the 1970s to maintain the Argentine navy?s submarines, was sold in the 90s, with all the equipment for submarine maintenance reverting to ...
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Indian shipping faces $4 bn bill
The Indian shipping industry will need to send 56% of its merchant fleet to the scrapyard in the next five years according to the Indian National Shipowners? Association (INSA) and, as a result, will need to spend about $4 billion on fleet renewal by 2009. As of March this year, ...
