Latest News – Page 970
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Record growth for Nordcapital shipping
The Hamburg-based Nordcapital Group can look back on another positive year. With a total investment volume of ?636.2 million, 2004 sets a new company record for earnings. The main focus of investment was shipping funds, accounting for ?556.4 million, followed by some ?80 million in real estate funds. The accumulated ...
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Korean shipbuilders on a high
Korean shipbuilders have been leading the global market with competitive prices and timely deliveries for the past decade, thanks to peaceful labour-management relations and sufficient domestic supply of parts and steel plates. Since the early 1990s, domestic dockyards have seen no labour disputes or strikes, which used to be a ...
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LR LNG 100 not out
The recent orders of classification services for six LNG carriers have resulted in an important milestone for Lloyd?s Register (LR): over 100 LNG ships now exist or are being built to LR class, confirming the organisation?s market leadership in the classification of LNG ships. This milestone is also significant because ...
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China ratifies Changxing shipyard
The Chinese government recently ratified the construction of Changxing shipyard, the $3.6 billion shipbuilding complex at the mouth of the Yangtze river which will triple Shanghai?s shipbuilding capacity. First stage of the plan for the new facility is to build four dry docks, 9 outfitting quays of 2,926m and a ...
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LR Asia and CCS sign jv
Lloyd?s Register Asia has signed an agreement to establish a joint venture with China Classification Society (CCS) in Beijing. The exclusive agreement was signed by David Moorhouse, Executive Chairman of Lloyd?s Register, and Li Kejun, President of CCS. The joint venture, to be based in Beijing, will enable the rapid ...
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New generation liftboat
A new generation liftboat with capabilities that will exceed existing craft is due to be delivered later this year to US-based Montco Offshore. The new liftboat is under construction at Bollinger Shipyards in the US and will be named Kayd. Two years ago, the shipbuilder delivered the 245ft class liftboat ...
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BAE hopes for more destroyers
The UK?s Defence Secretary, has revealed that he wants eight Type 45 destroyers to be built by BAE Systems and VT Group - provided the price is right. Only three of the warships, which cost £650m each, are firmly on order so far and there had been fears the class ...
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Jotun COSCO JV
COSCO International Holdings has completed the formation of a new joint venture, Jotun COSCO Marine Coatings (HK) Ltd. (Jotun COSCO). Lin Libing, deputy managing director of the company, said, "We are very glad to join hands with Jotun A/S to develop the marine coatings business in China. Such cooperation not ...
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More tugs for German owner
The German shipbuilder Mutzelfeldtwerft in Cuxhaven has won a $60 million order for two more powerful ocean-going tugs from domestic offshore operator Harms Bergung Transport and Heavylift. The tugs will have a bollard pull of 220 tonnes, believed to be the most powerful German tugs ever, and are due for ...
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GL ventilation rules published
Ventilation systems on board of ships are covered by new construction rules which have come into force on September 1st. The construction rules contain technical requirements for different ship types and ventilation systems. The comprehensive set of rules compiled in a single document applies to all newbuildings to be classed ...
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Keel laying for RNN vessel
The keel laying ceremony of the new logistic support vessel for the Royal Netherlands Navy took place at Damen Shipyards Galati, Romania. The new 56 metre long vessel will replace the current vessel named HM "Pelikaan" and will be based in the Caribbean for the transport of equipment and personnel ...
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ER completes boxship quartet
Two container ships for E.R. Schiffahrt were named at the Hyundai shipyard in Ulsan, South Korea. Both are Panamax vessels, each with a container capacity of 2,556 teu. They continue the newbuilding programme of the shipping operator belonging to the Hamburg-based Nordcapital Group. The delivery of these newbuildings "E.R. Cannes" ...
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LR Group acquires ODS
A Lloyd?s Register Group company has acquired ?degaard & Danneskiold-Sams?e A/S (ODS), a Danish consultancy specialising in noise, vibration and machinery dynamics. The acquisition will build on the strengths of both organisations and will enable the Lloyd?s Register Group to offer the marine, rail and oil and gas industries a ...
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Laird yard closes
A dispute between the owner of the former Cammell Laird shipyard and its tenant Northwestern Shiprepairers has led to 32 people losing their jobs. Northwestern vacated the site after failing to reach agreement with landlord Reddington Finance for an extension to its tenancy. The ship repair firm acquired what was ...
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ABB plans big in China
ABB Ltd., the world's biggest maker of power transformers, will spend $100 million in China to open factories and hire as many as 4,000 employees in three years. The company will use a part of the investment to fund the $30 million it will invest with a unit of China ...
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POSCO into India
South Korea's steel giant POSCO has set up its Indian subsidiary to build a 12 million tonne steel plant in Orissa. The company had signed a deal with the Orissa government for the plant in June.POSCO, the fifth largest steel company in the world, has incorporated its Indian subsidiary POSCO-India ...
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Bank backs Vinashin
A contract to guarantee advance-money for the building of six cargo ships for export to Britain was signed between the Viet Nam Shipbuilding Industry Corporation (Vinashin) and the Bank for Investment and Development of Viet Nam (BIDV). The six 53,000-tonne ships are among a series of 17 ships built for ...
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Roro demand boosts Philippines shipyards
The Philippine government initiative in 2004 to link the islands of the country through a system of roro shipping, known as the Strong Republic Nautical Highway System, has given local shipbuilders a boost. The Strong Republic Nautical Highway System has three routes that connect several islands, from Manila all ...
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£6m bid for Laird docks
Northwestern Shiprepairers and Shipbuilders has offered £6m to buy the dry docks at the centre of its dispute with landlord Reddington Finance. News of the offer comes as the shipyard group prepares to vacate the former Cammell Laird docks in Birkenhead unless a last minute deal can be agreed to ...
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AMC expands facilities
A $90 million investment in Western Australia's shipbuilding facilities could generate billions of dollars for the state economy. The funding boost for the Australian Marine Complex (AMC) at Henderson, in southern Perth, would also create thousands of jobs. The project would see the installation of additional common-use infrastructure, including a ...
