Latest News – Page 937
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News
BAE and VT abandon Babcock talks
BAE Systems and VT Group have abandoned talks concerning a joint takeover of UK naval services group Babcock International, arguing that the surge in the company's share price meant it no longer offered 'shareholder value'. The takeover of Babcock would have heralded the consolidation of the UK's shipbuilding industry, in ...
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Yard shipshape once again
A south Tyneside shipyard which faced extinction a year ago has doubled its workforce and bounced back to commercial success. In stark contrast to struggling Swan Hunter, which could close soon due to lack of orders, the McNulty Offshore yard in South Shields will be showcasing a double barge contract ...
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Daewoo scoops more gas carriers
Daewoo Shipbuilding in South Korea has won contracts for two LNG RVs and two LPG carriers valued at $730 million for delivery by July 2009. The two 150,900 cbm LNG RVs were ordered by Exmar Marine and are 291m in length, 43.4m in breadth and 26m in depth. Service speed ...
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ISOICO billion dollar agreement with Venezuela
Iran Shipbuilding & Offshore Industries Complex Co. (ISOICO) has managed to conclude an agreement worth $5 billion on the development of marine industries and shipbuilding with Venezuela. In addition, Iran, Venezuela and Bolivia have signed a trilateral memorandum of understanding (MOU) on the expansion of the shipbuilding industries according to ...
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CSSC and CSIC new order new order surged
CSSC has clinches 45 ships of 3.37 million DWT, 252% up compared with the same period last year. For the first three months, CSSC has delivers 1.45 million DWT. As at the end of March this year, CSSC has 18.55 million DWT on its orderbook, 48% up compared with a ...
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World's largest floating dock operational
A 300,000-tonne floating dock, the largest of its kind in the world, went into service recently in northeast China's coastal city of Dalian. The dock, which is 340 metres long, 76 metres wide and 27 metres deep, is capable of repairing vessels up to 300,000 DWT. The dock was developed ...
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Iran Shipping needs 500 ships
A deputy head of the Islamic Republic of Iran Shipping Lines (IRISL) predicted that the country?s shipping business would need some 450-500 ships in the next 15 years in order not to lose its position among the major regional shipping lines, Mehr News Agency reported. The number includes both dry ...
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PDVSA may buy 18 tankers from China
Petroleos de Venezuela SA (PDVSA) may buy 18 oil tankers from China for $1.3 billion as South America's largest oil company seeks to boost exports to Asia. Preliminary orders for the tankers were placed with China State Shipbuilding Corp., and China Shipbuilding Industry Corp., a PDVSA spokesman said. A timetable ...
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Qatar deal for more LNG carriers to be confirmed
The Qatar Gas Transport Company (Nakilat) is expected to procure 50 LNG ships by 2012 with delivery slated from the third quarter of 2007 until 2012. The ships, a combination of 215,000 cubic metre Q-Flex and 265,000 cubic metre Q-Max vessels are intended to provide the Qatar ventures with a ...
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Two more P-MAXs for Concordia
Concordia Maritime in Gothenburg and Brodosplit shipyard in Croatia have issued final approval of the newbuilding contract for vessels number seven and eight in Concordia Maritimes P-MAX-series. These 65,200 dwt vessels are scheduled for delivery in the 4th quarter 2009.In 2003, six MAX type product tankers were ordered and all ...
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Vinashin builds car carriers for Israel
The Viet Nam Shipbuilding Industry Corporation (VINASHIN) and its subsidiary, the Ha Long Shipbuilding Plant, have secured an order to build eight car carriers for the Ray Car Carried Limited Company of Israel, at the price tag of close to $1 billion.Designed by the Italian company, Naval Progetti, each vessel ...
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Another two PSVs for Aker
Aker Yards has confirmed an optional agreement with Nordcapital Holding GmbH & Cie. KG in Hamburg, Germany for the building of two UT 755LN Platform Supply Vessels. The Contract value is approximately $48 million and delivery is scheduled for summer and autumn 2008
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Swan Hunter may be forced to close
Industry sources claim that Swan Hunter?s Wallsend yard in England could close in less than two weeks because its order book is almost empty. Swan's boss, Jaap Kroese, has revealed he is prepared to sell the yard to the right bidder, but only if the facility is preserved for shipbuilding."I ...
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Korea Line orders Aframax tanker
Korea Line placed an order of a 105,500DWT tanker with an unspecified Japanese shipbuilder at a price of $55 million for delivery during first half of 2009.
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?K? Line orders more boxships
Kawasaki Kisen Kaisha, Ltd. ("K" Line) has placed orders for five 6.400 TEU container ships with the Japanese shipbuilder Imabari Shipbuilding Co., Ltd. (Koyo Dockyard Co., Ltd.). These newbuildings are scheduled for delivery by mid 2010 and will enable ?K? Line to make further improvements in its service quality and ...
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easyCruise plans to build new cruise ships
The Greek-based easyCruise and Neorion Holdings have signed a letter of intent for the construction of two cruise ships with the option for a further two in Neorion Holdings? shipyards in Greece. Neorion Holdings own two shipyards, one in Elefsis near Athens and one on the island of Syros.According to ...
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Nicholls builds WTA ferries
The San Francisco Bay Area Water Transit Authority (SFBAWTA) has issued a Letter of Intent to award a contract to Nichols Brothers Boat Builders for the construction of two new 149 passenger vessels. Construction will start this summer, and the first vessel will be delivered by 2007. These two newbuildings ...
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BAE-VT unsure on Babcock
BAE Systems and VT Group are considering joining forces as a fallback plan if they decide not to press ahead with a bid for rival warships builder and support services company Babcock International. The pair announced in March that they might bid for Babcock, and the Takeover Panel has given ...
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Adani seeking foreign partners
The Adani Group in India is in an advanced stage of negotiations with at least three international shipbuilding companies, two in South Korea and one in Japan, to forge a strategic partnership for its $220 million shipbuilding project in Mundra. Industry reports suggest that Adani is talking to Korean shipbuilders ...
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Wärtsilä increases assembly and testing capacity
To meet the strong level of market demand and to support the company's growth target, Wärtsilä is investing in higher efficiency and capacity for engine assembly and testing. This means an aggregate investment of approximately EUR 48 million in the Vaasa, Finland, and Trieste, Italy, delivery centres. Two-thirds of the ...
