All Motorship articles in Web Issue – Page 1003
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News
CMA CGM acquires Delmas
Leading French carrier CMA CGM has completed the $600 million acquisition of Delmas, previously 100% held by the Bollore Group. Through this transaction, CMA CGM has acquired the Delmas, Otal, Setramar brands, a 50% share in SudCargos, and Delmas' vessels, containers and headquarters in Le Havre. In West Africa, CMA ...
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Strike hits Helsinki yard
Some 400 workers shut down the Helsinki operations of shipbuilder Aker Finnyards on Friday in protest against planned layoffs and cutbacks. The strike, scheduled to last until Monday morning, came after last month's announcement by the company that it would outsource some operations, cut its work force in Helsinki by ...
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EC POP&C project improves tanker safety
Set up in January 2004, the three year collaborative project funded by the EC and entitled "Pollution Prevention and Control ? Safe Transportation of Hazardous Goods by Tankers" (POP&C) has been researching the development of a rational methodology for the assessment of pollution risk from oil tankers. Managed by Intertanko ...
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STX clinches three ethylene carriers
STX Shipbuilding in South Korea won a $110 million order for three ethylene carriers from a German ship owner for delivery in 2007 and 2008.
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China builds barge for nuclear plant
China will manufacture a barge for the Russian Federal Nuclear Agency which will outfit it with the reactor equipment at the Sevmash plant in Severodvinsk located in the Archangels region in northern Russia. China offered the best conditions for the barge production and in addition it will issue Russia a ...
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Aker wins Sub Sea IMR vessel
Aker Yards has signed a contract worth approximately $76 million to build a Sub Sea IMR (inspection, maintenance and repair) vessel for ?stensj? Rederi AS. The 108.7 m long and 23 m wide vessel will be delivered summer 2007.Main duties for the 6,200 DWT newbuilding, which is an ST 255 ...
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Zhejiang shiprepair to be operational
Zhoushan Wanbang Yongyue Shipyard in China will be operational soon following government approval for the building of the ship repair facility at a cost of $37.8 million. The shipyard has a 300,000DWT, a 200,000DWT dry dock and an outfitting quay. Dongfeng Shipyard in China clinched nine 200TEU container ships ...
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Daewoo diversifies
Daewoo Shipbuilding & Marine Engineering, in South Korea, is seeking to diversify its business portfolio for synergy and new growth, industry sources said today. Daewoo Shipbuilding is conducting due diligence on JR Construction Co., one of the country's small builders, as a preferred bidder. It also intends to acquire the ...
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Bender wins tug contract
Bender Shipbuilding & Repair plans to hire 450 new workers, 200 of them in Mobile, to build three tug barges worth $232.5 million for Maritrans Inc. Each articulated tug barge unit, a type of powerful 12,000-horsepower workboat, will be worth $77.5 million and able to carry 335,000 barrels of petroleum ...
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EU confirms aid to ENVC
The European Commission has decided to allow an extension of the delivery date for two product/chemical tankers built at Estaleiros Navais de Viana do Castelo (ENVC), Portugal in derogation from the EC Treaty state aid rules on shipbuilding. As a general rule, shipbuilding contracts signed before the abolition of operating ...
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Northrop Grumman resumes work
Northrop Grumman will resume building Navy ships at its Katrina damaged Gulf Coast yards as early as next week, according to company executives. Operations in Pascagoula, Gulfport and New Orleans represent about 10% of the company's annual business, with Pascagoula making up about 7%. The company had a profit of ...
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INP wins three ethylene carriers
An unspecified Japanese shipowner has ordered three 10,000 cbm ethylene carriers from INP Heavy Industries in South Korea at a cost of $135 million. They will be built to ice class specification and will be chartered to a European shipping company.
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IMO calls for cooperation in Malacca Strait
The IMO stressed the need for closer cooperation to enhance security in the Malacca and Singapore Straits. Secretary General, Efthimios Mitropoulus, made the appeal while opening the two-day meeting on the Straits of Malacca and Singapore: Enhancing Safety, Security and Environmental Protection. He said that the meeting was expected to ...
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Sumitomo ups steel price
Sumitomo Metal Industries (SMI) agreed with major shipbuilders to increase the plate contract price by 5,000 yen ($45.63) per tonne for shipment in second half of fiscal 2005 ending March 2006. The price increased to 60,000 yen ($547.37) per tonne.However, SMI will seek another hike for fiscal 2006 if the ...
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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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India orders French subs
The Indian government has approved a 2.4 billion euro order for six French Scorpene submarines, in which Thales and partner DCN have a 1.2 billion euro share. The deal, already cleared by the Indian defence and finance ministries, has been awaiting finalisation for several months. DCN, the state-owned shipyard, said ...
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Qatar to have world's largest LNG fleet
Qatar will have the world's largest fleet of LNG carriers within five years, according to Robert Curt, the managing director of Qatar Gas Transport Company (QGTC) which manages the marine interests of the Ras Laffan industrial city's LNG and pipeline projects. Curt said Qatar anticipates requiring a total of about ...
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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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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 ...
