Latest News – Page 949
-
News
Aker signs Island Offshore job
Aker Yards has signed a contract with Island Offshore VIII KS, a company within the Island Offshore Group in Ulsteinvik, Norway, to deliver a 3,500 DWT UT 755 LN platform supply vessel. The value of the contract is approximately NOK 150 million. This is the 17th contract between the shipowner, ...
-
News
LNG for Petronet
A consortium of MOL, Nippon Yusen Kabushiki Kaisha, Kawasaki Kisen Kaisha, Ltd. and Shipping Corporation of India (SCI) signed an agreement with New Delhi-based Petronet LNG Limited (PLL) for a long-term time charter of a new LNG carrier. At the same time, the consortium concluded an agreement with Samsung Heavy ...
-
News
Vela orders six VLCCs
Vela International Marine Limited, a wholly owned subsidiary of Saudi Aramco, signed a contract with Daewoo Shipbuilding & Marine Engineering (DSME) to build six VLCCs at its Okpo yard in South Korea. The ships will be built to Vela's high specifications and standards, including state-of-the-industry, high-technology systems and fittings. Each ...
-
News
Asian shipbuilders in order frenzy
Daewoo Shipbuilding won six VLCCs from Vela with delivery of 2009. Shina Shipbuilding won four 41,000DWT product carriers from Ocean Tanker in Singapore. IHI MU in Japan won a new order of a 300,000DWT VLCC from NYK. NACKS in China snapped up two 75,000DWT bulk carriers and Xinhe Shipbuilding won ...
-
News
MOMAF plans icebreaker
Ministry of Maritime Affairs and Fisheries (MOMAF) in South Korea is selecting a shipbuilder to construct a 6,950 tonne ice breaking research vessel for the Antarctic. Delivery of the $102 million vessel is planned for 2009 and will have a 1 metre ice capability at 4 knots.
-
News
Works starts on southern Viet Nam's largest shipyard
Construction of the largest shipyard in southern Viet Nam began in Nhan Trach district, southern Dong Nai province. Vinashin will be investing nearly 600 billion VND ($38 million) in building this facility which will be capable of building and repairing container ships, oil and gas tankers and military ships of ...
-
News
Papenburg yard gets second Challenger
The American cruise operator Celebrity Cruises, an affiliated company of Royal Caribbean Cruises Ltd., has ordered another large cruise vessel from Meyer Werft in Papenburg, Germany. The contract for the construction of a second ship follows an order for the first 118,000 gt post-Panamax Challenger class ship which was placed ...
-
News
Arctic Discoverer delivered
Kawasaki Kisen Kaisha, Ltd. ("K" Line) has entered into service its new 140,000 cbm Moss type LNG carrier "Arctic Discoverer", constructed at Mitsui Engineering and Shipbuilding's Chiba Works in Japan. The vessel is co-owned with Statoil, Mitsui & Co. and Iino Kaiun and will be chartered to "Sn?hvit Sellers" consisting ...
-
News
Seaspan orders feeder duo
Seaspan Corporation based in Vancouver has agreed to purchase two new building vessels from affiliates of Conti Holding GmbH & Co. KG ("Conti") of Germany. This acquisition is incremental to Seaspan's original contracted fleet, and will increase the company's total fleet to 25 vessels. Seaspan will acquire the two 3,500 ...
-
News
South Korean shipbuilders moving into China
South Korean shipbuilders are scrambling to move production of ship hulls to China to take advantage of its cheap labour and large construction facilities. Leading the pack is Samsung Heavy Industries which has been operating Samsung Heavy Industries Ningbo Co., with an annual capacity of 120,000 tonnes, since 1997. Samsung ...
-
News
Subsea 7 orders pipe laying/offshore construction vessel
IHC Holland Merwede?s subsidiary Merwede Shipyard has received a contract for the design and construction of a new Pipe Laying/Offshore Construction vessel from Subsea 7 at a cost of $170-200 million depending on options exercised. The newbuilding wilhave a length of 151 metres, a width of 28.40 metres and a ...
-
News
Aker to build two PSVs
Aker Yards has confirmed an optional agreement with Siem Offshore to build two platform supply vessels (PSV). The value of the contract is approximately $40 million and delivery is scheduled for second quarter 2007 from Aker Yards, Aukra. The vessels are of Vik Sandvik design, VS 470 Mk II, and ...
-
News
Wärtsilä on acquisition trail
Wärtsilä Corporation has acquired the entire business of Total Automation Ltd, a Singapore-based public marine automation company, and all Total Automation's shares in its subsidiaries at a price of approximately EUR 61.6 million. Total Automation had sales of EUR 38.5 million in 2004 and has consistently generated EBIT margins in ...
-
News
Ultratec expands Rio shipyard
Brazilian engineering company Ultratec will invest $7.8 million to expand its shipyard in Rio de Janeiro state in preparation for the construction of the P-53 FPSO. Federal energy company Petrobras will lease the FPSO from special purposed company CDC. Ultratec is part of the Quip consortium that CDC has hired ...
-
News
Eukor orders four PCTCs
Eukor Car Carriers Inc in South Korea placed an order of four PCTCs with Hyundai Samho Heavy Industries. The new 6,500 capacity car carriers will be delivered by second quarter of 2009.
-
News
Jiangdong wins eight MPCs
Jiangdong Shipyard in China clinched eight 12,000DWT multi purpose carriers from two German ship owners with delivery of 2008. Each owner ordered four ships.
-
News
Transpetro picks finalists
Transpetro, the transport unit of Brazil's federal energy company Petrobras, has picked four consortia as finalists to build 26 ships at an estimated cost of $1.9 billion. The company is selecting the groups to build 10 Suezmax tankers, five Aframax, four Panamax, three LGP carriers and four fuel carriers.So far ...
-
News
WAML in newbuild charter deal
Chennai-based West Asia Maritime Ltd (WAML), which is into dry bulk transportation business, has entered into a $33.5 million agreement with Mitsui of Japan for taking a bulk vessel under bareboat charter with purchase option deal. The deal is believed to be the first-of-its-kind in Indian industry. Under the charter ...
-
News
Brazilian shipbuilders get boost
The first step towards initializing the Technological Improvement Program (TIP) aimed at boosting the Brazilian shipbuilding industry was taken with the signing of an agreement worth approximately $14.6 million between the government, Petrobras (Brazilian Petroleum, S.A.), Transpetro (a Petrobras subsidiary), and nine of the country's research institutes, most of them ...
-
News
Manitowoc lands contract
Moran Towing Corp has awarded Manitowoc Marine Group a follow-on contract for the construction of two ocean-class, double-hull, hot oil tank barges. The vessels, which will be built by subsidiary Bay Shipbuilding Co., are identical to a pair of tank barges that Bay Shipbuilding delivered to Moran in 2004 and ...
