Latest News – Page 989
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VLCC trio for DSME
Daewoo Shipbuilding has secured a $370 million newbuilding order for three 306,000dwt VLCCs from Pacific Star International Holding Corp. At $124 million each, this is the highest price paid for a VLCC newbuilding which has doubled since 2002. These VLCCs are 332 metres long, 58 metres wide and 31 metres ...
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Hindustan Shipyard on the up
Vizag-based Hindustan Shipyard Limited (HSL), which is struggling financially, is expecting new orders worth more than $240 million in 2005-06. A spokesman for the yard said the yard?s shipbuilding order book was almost nil between 2000 and 2004 although last financial year it managed to win orders worth $97 million. ...
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Philly in tanker bonanza
Kvaerner ASA and Overseas Shipholding Group of New York have signed an agreement in principle to bareboat charter ten newly built double-hulled product tankers. Under the agreement, Kvaerner's subsidiary, Kvaerner Philadelphia Shipyard, will construct the Veteran MT-46 class product tankers, with an option for two additional vessels, and transfer them ...
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Wartsila powers yacht carrier
Wärtsilä has been awarded an order to supply the 19.7MW power plant for a yacht carrier contracted by the heavy transport specialist Dockwise Shipping BV, based in Breda in the Netherlands.The yacht carrier has been ordered from Yantai Raffles Shipyard in China with delivery due in autumn 2006. Its dimensions ...
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INTERTANKO voices its concerns
INTERTANKO supports the investigation and prosecution of illegal discharges of oil from ships but strongly objects to criminalising accidental oil pollution and to treating seafarers as criminals Any criminal offence of pollution from a ship must be clearly defined and in accordance with international law and any penalties imposed on ...
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NCL terminates LoI
The letter of intent signed in December 2004 between Aker Finnyards and NCL to build an 89,000GT cruise vessel for delivery in spring 2007, has been terminated. The parties have not been able to realize the EUR 400 million project within the given constraints. The LoI also included an option ...
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FSG launches another Turkish ro-ro
The second of four ro-ro vessels for the Turkish customer U.N Ro-Ro will be named and launched from the building berth at Flensburger Schiffbau. The 193 metre long newbuilding, to be named "U.N Marmara", has 3,735 lane metres and a service speed of 21.5 knots.U.N Ro-Ro was the first shipping ...
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Malaysia concerned at navy contract delay
Calls are being made for an enquiry into the delay of the RM24.3 billion contract to build 27 high-tech naval vessels for the Malaysian navy amidst warnings that it was affecting the navy's ability to operate effectively. The problem centres on PSC Naval Dockyard Sdn. Bhd. which was scheduled to ...
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Wuhan to build crankshaft factory
Wuhan Marine Machinery Plant in China will build a crankshaft factory in Qingdao at a cost of $24 million. It will take two years for the project to be completed and will have an annual capacity of 50 crankshafts.
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Battle for Akpo FPSO
The French firm Technip and the Italian firm Saipem are battling for the $1 billion contract to build the FPSO vessel for the huge Akpo deep offshore field off Nigeria. Industry sources indicate that contracts for the construction of the 2 million barrel FPSO might be awarded this week.Making a ...
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Fiji Shipyard restructures
The Fiji Ships and Heavy Industries Limited shipyard (FSHIL) will be leased out and the slipway upgraded as part of plans to restructure the organisation. Amid calls for the state-owned entity to be closed down or sold, FSHIL said it would continue to be operational in view of its strategic ...
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Mangalia to sign deal with Hamburg Sud
Romanian shipyard Daewoo Mangalia Heavy Industries (DMHI) will sign on Friday a deal worth more than $500 million with German Hamburg Sud to build six 5,200TEU container ships. DMHI is in talks with another German company, Gebab, to build four container ships in a deal worth up to $260 million. ...
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Vietnamese get Japanese order
A Vietnamese shipbuilding company has won a $17 million contract to build two 8,700 tonne freighters for Tokyo-based Kanematsu Corporation, one of Japan?s leading general trading firms.The Ben Kien Shipyard, based in northern port city of Hai Phong and a subsidiary of state-owned Vinashin, is scheduled to deliver the first ...
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EU pollution requirements could harm trade
The Union of Greek Shipowners warned that EU pressure on shipowners to shoulder progressively stricter anti-pollution safeguards will end up undermining a vital industry and encourage law-abiding operators to skirt regulations,. In a speech at the recent Intertanko conference in Piraeus, union chairman Nikos Efthymiou also said the EU's toughening ...
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Halliburton bags Agbami contract
The US-based KBR oil services firm, a subsidiary of Halliburton, has won the engineering, design and procurement contract for the Agbami FPSO?s topsides. KBR said in a statement that it was handed the job by the Korean shipbuilder Daewoo Shipbuilding & Marine Engineering which was awarded the $1.1 billion engineering, ...
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Far East shipbuilders win more boxships
Following their recent order for five 8,200TEU container ships, Yang Ming, the Taiwanese carrier, has now placed a contract with China Shipbuilding Corporation, for five 4,250TEU vessels with the same shipbuilder. The lead ship will be delivered during the third quarter 2008 and will be deployed on the Asia/North America ...
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First newbuilding for "K" Line Europe
"K" Line (Europe) Limited has taken delivery of its first newbuilding, the 185,500dwt bulk carrier Cape Riviera. Built at Kawasaki Shipbuilding in Japan, the bulker is the first of three sisters due to join the "K" Line Europe fleet. The shipping company has also announced a major fleet expansion for ...
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Wärtsilä DF engines get gas boost
Wärtsilä has received a major order to supply twenty-four Wärtsilä 50DF dual-fuel engines to Samsung Heavy Industries of Korea. These engines will power a series of six 155,000 m3 dual-fuel-electric LNG carriers. Four of these ships were ordered by A.P. M?ller of Denmark, while Kawasaki Kisen Kaisha ("K" Line) of ...
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EC says no to Italian scheme
After an in-depth investigation, the European Commission has prohibited the implementation of an Italian aid scheme designed to cover the risk of loans for the construction and conversion of ships in Italian yards, because it is incompatible with EC Treaty state aid rules that prohibit aid liable to distort competition ...
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EU will not appeal
The European Union has decided against appealing a World Trade Organisation ruling on its dispute with South Korea over shipbuilding subsidies paid by Seoul, despite ongoing controversy over the outcome. The EU accepted the ruling made last month, during a meeting of the WTO's Disputes Settlement Body, a source close ...
