Latest News – Page 965
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Iran-India order LNG octet
The Joint Iran-India LNG consortium in its first step for LNG export is to place an order for 8 new carriers valued at $1.6billion. Four of the ships will have a capacity of carrying 145,000 cubic meters. Delivery is expected to be 2010 and the fleet would be carrying 7.5m ...
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Bids for DSME may be rejected
A South Korean state agency that is jointly selling 51% of Daewoo Shipbuilding & Marine Engineering (DSME) might reject bids from companies that did not support national interests. Korea Asset Management (KAM), which liquidates distressed assets at financial companies, plans to sell its stake in Daewoo Shipbuilding, which it owns ...
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HHI inks four LPG carriers
Hyundai Heavy Industries has won an order for two 60,000 m3 LPG carriers from Solvang and two 35,000 m3 LPG carriers from Itochu in Japan at the total contract price of $300 million.Ship particulars of Solvang vessels are 204.9m in length, 32.2m in breadth and 20.8m in depth with a ...
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Semi-subs for Daewoo
Daewoo Shipbuilding has captured a contact for two semi-submersible drilling rigs from Frigstad Offshore Drilling in Singapore at the price of $480 million.They will be delivered on December 2008 and June 2009 and deployed at Palawan in the Philippines. Dynamic positioning system and mooring system will be installed enabling the ...
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N.L. shipyards potential winners in navy ship contract
Newfoundland and Labrador in Canada could be the big winner in Ottawa's $1.8 billion plan to replace the navy's aging supply ships, as two of the four consortiums bidding on the project plan to utilize shipyards in that province. Canadian North Atlantic Marine Partnerships and BAE Systems Inc. both say ...
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Petrobras opens bidding for large newbuild contract
Petroleo Brasileiro SA, Brazil's state-controlled oil company, opened bidding on more than $1 billion of contracts to build 26 oil tankers and other vessels as the company boosts its spending on domestic construction. The newbuilding contacts cover 10 Suezmax tankers, five Aframax tankers, four Panamax tankers, four product carriers and ...
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LNG tanker fleet needs to expand dramatically
The global fleet of LNG tankers needs to expand by 66% by 2010 to meet current and future demand from exporters including Qatar, Australia and Nigeria, according to LNG Shipping Solutions. About 205 carriers need to be ordered, adding to the 182 ships in service and 127 vessels already contracted ...
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SCI poised to order VLCCs
National flag carrier Shipping Corporation of India (SCI) will sign a contract with Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) to acquire two 300,000 dwt VLCCs at a cost of $253 million. Delivery is scheduled for 2008. Apart from these two vessels, SCI is also planning to order two ...
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Lubmarine outlines current marine lubes crisis
TOTAL Lubmarine has outlined its position concerning increasing raw material costs and growing shortages of marine lubricants.Andrew Knox, Head of Marketing at TOTAL Lubmarine, says, "Recent events, even before Hurricane Katrina, and the force majeure declarations made by many suppliers after the hurricanes, have shown how tight the worldwide situation ...
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New cats for India
Ferry passengers travelling between a group of Indian islands in the Arabian Sea will soon benefit from a new high-speed catamaran passenger ferry service. The service will employ three new vessels designed by BMT Nigel Gee and Associates Ltd, a subsidiary of BMT Ltd, for India?s premier shipping line, the ...
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NorSkan orders AHTS
Aker Yards has been awarded a contract worth approximately $47.5 million by NorSkan Offshore Ltda., Brazil, to build an anchor handling tug supply (AHTS) vessel for delivery in April 2007. The shipyard involved in the construction is Promar and the newbuilding will be of the UT 722L design with a ...
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Vietnam yard wins RoK contract
The Pha Rung Shipyard Company, part of the Viet Nam Ship Building Industry Corporation (Vinashin), signed a contract to build five ships for the Forturne Marine Company of South Korea. The contract is Vinashin's first contract to export ships to Korea. The 6,500 dwt product tankers will measure 110 m ...
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India signs Scorpene deal
India and France have signed a $3.5 billion contract for construction of six Scorpene submarines in India. The Indian Ministry of Defence said in a statement that the submarines will be built at state-owned Mazagon Docks, Mumbai. The first submarine will be ready for service by 2012, and the remainder ...
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India signs Scorpene deal
India and France have signed a $3.5 billion contract for construction of six Scorpene submarines in India. The Indian Ministry of Defence said in a statement that the submarines will be built at state-owned Mazagon Docks, Mumbai. The first submarine will be ready for service by 2012, and the remainder ...
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MAN B&W packages for Swire AHTS's
MAN B&W Diesel is to supply complete twin-screw medium speed propulsion packages for six 120 tonne bollard pull Anchor Handling Tug Supply Vessels (AHTS). The vessels will be built at the Batam, Indonesia, yard of Singapore's Labroy Shipbuilding and Engineering and will be operated by Swire Pacific Offshore Limited, Singapore. ...
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Hanjin to set up JV in China
Hanjin Shipping will construct ship repair joint venture in China. The shipping company said that it will invest $ 2 million to secure 50% share of the joint venture. An unknown shipping company in China will take the remaining 50% share. The ship repair facility will be constructed close to ...
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Dual fuelled Avant PSV
Norway's Eidesvik Offshore ASA group has ordered a second Platform Supply Vessel (PSV) of Vik Sandvik's innovative, superstructure aft AVANT design at a cost of $48.6 million. The new VS493 GASS AVANT will be LNG-fueled. The vessel will be marketed for long term North Sea and Barents Sea charters and ...
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Peace talks at Cammell Laird
Talks have started that could bring an end to a dispute that is halting ship repair work at the former Cammell Laird shipyard at Birkenhead. The owner of the site, Reddington Finance, has opened discussions with Northwestern Shiprepairers and Shipbuilders after months of deadlock between the two firms. The two ...
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STX to enter India
STX Group will actively enter into the shipping and shipbuilding market in India. Kang Deuk Soo, chairman of STX Group, had a meeting with Thalikottai Rajuthevar Baalu, minister of Maritime Transport Ministry in India, on 5 October and discussed cooperative measure for the development of shipbuilding industry of India. STX ...
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Wärtsilä power for six Keppel FELS offshore rigs
Wärtsilä Corporation has been awarded contracts with a total value of above 50 million EUR, by Keppel FELS Ltd in Singapore for 32 diesel generating sets to power four jack-up rigs and two semi-submersible drilling platforms. The combined output of these orders is about 115 MW. Wärtsilä will also supply ...
