Latest News – Page 926
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Russia trials new submarine
Admiralty Shipyards, a St. Petersburg-based company, has started the second round of sea trials of a new diesel-electric submarine. The ?St. Petersburg?, a Project 677 or Lada-class diesel submarine, was designed by the Rubin design bureau and conducted factory sea trials in December 2005. The submarine, whose export version is ...
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Posco interested in DSME
South Korea?s steel manufacturer, Posco, the world's fourth-biggest steelmaker, said it's interested in acquiring Daewoo Shipbuilding & Marine Engineering (DSME). "We are looking with interest on a takeover but nothing has been considered," Posco said in a statement today, without elaborating. State-owned Korea Development Bank and Korea Asset Management Corp., ...
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E.R. Schiffahrt introduces latest giant boxship
The Hamburg based shipping company E.R. Schiffahrt has put another container ship into service. The "E.R. Toronto" is a super-post-Panamax newbuilding with a container capacity of 8,204 teu. This is part of the planned continuation of the newbuilding programme and by 2008, there will be a further 13 vessels with ...
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Aker and Damen finalize Okean JV
Aker Yards and Damen Shipyards Group have finalized the process of establishing joint ownership of the Damen Shipyards Okean in Ukraine, as announced on June 2 2006. The plans involve increasing the output capacity of the yard to 60,000 tonnes per year, and will contribute to a strengthened shipbuilding capacity ...
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Offshore crane barge for Ezra
Singapore?s Ezra Holdings Limited said its wholly-owned subsidiary, Lewek Shipping Pte Ltd, has awarded a contract to Labroy Shipbuilding Offshore Ltd for the building of a 92.3 metre accommodation work and crane barge at a contractual value of $8.85 million. This excludes the cost of certain owner furnished equipment.When completed, ...
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Chinese yards win bulkers and boxships
Jiangsu Shipbuilding clinched four 4,250TEU container ships from Schlueter at a price per unit of around $59 million. They will be delivered during 2009.Oltmann in Germany placed an order for four 4,250TEU container ships with Zhejiang at a total contract price of $240 million. Ship particulars are 265m in length, ...
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Eletson orders MR product tankers
The Greek shipping company Eletson has signed a newbuilding contract with Hyundai Mipo Dockyard in South Korea for the construction of four 52,000 dwt hi-spec medium range product tankers. The vessels are scheduled for delivery during the second half of 2009 and the first quarter of 2010. The contract includes ...
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Sungdong wins Greek box quintet
South Korea?s Sungdong Shipbuilding and Marine Engineering has won one of its largest newbuilding contracts from Greek ship owner Danaos Shipping. The deal for five 6,500 TEU container ships is believed to be worth about $500 million.
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SembMarine buoyant earnings
SembCorp Marine in Singapore has reported a 69% year-on-year increase in its first half profit to over $62 million. For the second quarter alone, its net profit rose 66% to nearly $37 million, while revenue more than doubled to $657 million. The company is benefiting from the growing demand for ...
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China Cosco shipyard expansion
Cosco Shipyard Group (CSG), China?s largest shipyard company, is expanding three of its seven shipyards at a cost of $113 million in order to boost its capacity in China. The expansion of shipyards in Zhoushan, Nantong, and Guangzhou will reportedly be completed in one year, boosting capacity by 28%, according ...
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Quintana takes delivery of its first Kamsarmax
Quintana Maritime Limited based in Greece took delivery of its first Kamsarmax bulk carrier ?Iron Vassilis? from the Japanese shipbuilder Tsuneishi. The 82,257 dwt newbuilding is on charter to Bunge S.A., a wholly owned subsidiary of Bunge Ltd until December 2010. ?Iron Vassilis? is the first of seventeen vessels that ...
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PDVSA to build shipyard
Venezuela's state-owned Petroleos de Venezuela (PDVSA) has signed a letter of intent with Brazilian construction company Andrade Gutierrez to build a shipyard in Venezuela in order to strengthen the maritime transportation system. Construction of the shipyard will begin in 2007 with ship building commencing in 2009. PDVSA plans to build ...
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ShipConstructor releases new software
ShipConstructor Software Inc. (SSI), developer of the leading AutoCAD-based 3D product modeling and production planning software suite ShipConstructor, has released their latest software version ?ShipConstructor 2006?. Their ?Database Driven Relational Object Model? (DDROM), provides a quantum leap in the design for production process. ShipConstructor?s DDROM gives flexibility and control by ...
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Hellespont Pride named
Hellespont Hammonia, a joint venture between the Piraeus-based Hellespont Group and the Hamburg shipowner Peter Doehle Schiffahrts KG, has completed the naming of the Hellespont Pride, one of six tankers under construction for the company at New Century Shipbuilding in Jingjiang, China. The 73,400 dwt Panamax product carrier, the first ...
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Venezuelan shipyards left out of Pdvsa orders
Venezuelan state oil holding Pdvsa on Wednesday informed that Argentine shipyard R?o Santiago (ARS) started, together with Pdvsa marine affiliate PDV Marina and Venezuelan Dikes and Shipyards (Dianca), the construction of the first out of four oil tankers ordered from Argentina. However, Dianca workers' union claimed on Thursday that they ...
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CNN is good news for Sestao
Spanish shipbuilder Construcciones Navales del Norte (CNN), the successful bidder for the assets of Sestao's La Naval shipyard in Bilbao, forecasts earnings of 200 million euros a year over the next five years, with the current workload under contract (two dredgers, five cargo vessels and a methane tanker under construction), ...
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Tsuneishi clinches five PCTCs
Tsuneishi Shipbuilding in Japan clinched five 5,100 unit car carriers from a domestic ship owner for delivery by the first half of 2009. Three of the five vessels will be operated by NYK Line in Japan.
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Mipo wins four PCs
Hyundai Mipo Dockyard in South Korea clinches four 52,000DWT product carriers from Greek owner Eletson. Total contract price is $184 million and all will be delivered by April 2010.
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Ruia Group ventures into shipbuilding
Jessop & Co, part of the Ruia Group in India, is planning to acquire about 1,500 acres in Haldia, West Bengal, to set up a dry dock for a ship-building and repairing project, which will involve an investment of around $260 million. The Ruia Group decided to set up its ...
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US Senate threatens LCS plans
Acquisition plans for the U.S. Navy?s Littoral Combat Ship (LCS) program could fall one year and two ships behind if the Senate Appropriations Committee?s recommendations are passed by the full Congress.The committee recommended halving the Navy?s request for two LCS ships in 2007, citing Congressional Research Service (CRS) estimates that ...
