All Motorship articles in Web Issue – Page 1026
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News
Waigaoqiao phase 2 started
Construction has now officially begun on the 1.2-billion-yuan ($146 million) second phase of China?s largest shipyard, the Shanghai Waigaoqiao Shipbuilding. The project will further strengthen the shipyard's leading position in China's shipping industry since it will increase the shipbuilder's annual capacity to 2.6 million DWT when completed in three years ...
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Indian Navy funds shipyard upgrades
For the first time, India?s defense budget will allow the Navy to allocate funds specifically to upgrade state-owned shipyards so that shipbuilding output can keep pace with service requirements. A senior Navy official said this provision sets aside $110.6 million for shipbuilding facilities to build the navy?s planned Air Defense ...
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CSBC on target for privatization
The state-run China Shipbuilding Corporation (CSBC), based in Taipei, will complete privatization by the end of 2005 as scheduled. According to CSBC President Fan Kuang-nan, the company will hold an investment conference at the end of April and start inviting investment in May. Fan said several potential investors from the ...
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Keppel clinches Marathon FPSO conversion
Keppel Shipyard, a wholly owned subsidiary of Keppel Corporation Ltd, has secured a FPSO hull conversion contract worth $51million from Marathon Petroleum Company (Norway.The 87,000 dwt multi-purpose shuttle tanker Odin arrived at Keppel Shipyard for the fast track hull conversion on 19 March. Odin will undergo hull upgrading and modification ...
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Bourbon chooses Ulstein
Ulstein Verft has been asked to build an ULSTEIN A102-type anchor-handling vessel for Bourbon Offshore Norway. The contract contains an option for a sistership. This is the first time a vessel of the ULSTEIN A102-design is being constructed and is scheduled for delivery in July 2006 while the option is ...
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NASSCO delivers Jones Act tanker to BP
National Steel and Shipbuilding Company (NASSCO), a wholly owned subsidiary of General Dynamics, has delivered the Alaskan Explorer, the second of four Alaska-class double-hull oil tankers being built for BP Oil Shipping Company, USA."We had very successful sea trials with the Alaskan Explorer," said Richard Vortmann, NASSCO president. "We are ...
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UACS sign deal for eight newbuildings
As part of its expansion programme, United Arab Shipping Co. (UASC) has signed a contract with Hyundai for eight 6,500TEU container ships in a deal worth about $840 million. The first newbuilding is slated for delivery by early 2008.
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Canadian yard gets Danish order
Danish owner Stevn, part of the Nordane Group, has ordered two Z-drive multifunction ice class tugs from Irving Shipbuilding's East Isle Shipyards, Prince Edward Island, Canada. The order is worth $15.7 million and the tugs are scheduled for delivery in May 2006.
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CMG to build huge repair facility
China Merchant Group (CMG) has started the construction of a huge repair facility at Mahoudao, Shenzhen. The 63 hectare repair facility will be completed by 2006 at a cost of $278 million and will have two 300,000DWT dry docks and a 150,000DWT dry dock.China is also building the largest ship ...
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Seacor and Seabulk merge
Seabulk International and SEACOR Holdings announced they have signed a definitive merger agreement. The Boards of Directors of both companies have unanimously approved the transaction. After giving effect to the transaction, the combined company will be a leader in world-wide offshore support services, domestic Jones Act tankers, domestic helicopter services ...
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Korean yards plan to raise ship prices
Korean shipbuilders, including the world?s largest yard Hyundai Heavy Industries, may increase ship prices to an all-time high to compensate for rising steel costs. London-based shipbroker Simpson, Spence & Young said that Hyundai?s rivals have raised prices of newly built container ships by about 25% in the past year. Royal ...
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China Shipping orders Suezmax quartet
State-owned China Shipping?s dedicated oil transport arm is close to announcing a $290 million deal for four Suezmax crude tankers from Bohai Shipbuilding Heavy Industry according to a source at shipbroker Simpson Spence and Young. This contract will be the shipbuilder?s first for a 150,000DWT class of vessel and all ...
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Bollinger into products tankers
Unconfirmed reports claim that Bollinger Shipyards has a letter of intent to build four 30,000 dwt products tankers for the Houston-based Seacor Marine. If the deal goes ahead, Bollinger would presumably build these at its Amelia, Louisiana facilities which, as the former McDermott Shipbuilding, built a number of oceangoing ships.
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EC approves state aid for French and Spanish shipbuilders
The European Commission (EC) has approved, under the EC Treaty?s rules on state aid, French and Spanish schemes to provide innovation aid to shipbuilding worth respectively ?25 million per annum for six years and ?20 million per annum for two years. As with an earlier scheme for Germany, the Commission ...
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Fiji Ships under scrutiny
The chairman of Fiji Ships and Heavy Industries will look into allegations that the shipyard turned down work last year because its workers were inefficient and unproductive. Deputy chairman Hari Pal Singh said the board was concerned with the allegations raised by Ba Provincial Holdings Company. The company made the ...
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Rembrandt chosen for NCL
Norwegian Cruise Line (NCL) has invested in PC Rembrandt, the latest development in ship-handling and manoeuvring simulation. Developed by BMT SeaTech Ltd, a subsidiary of British Maritime Technology (BMT), PC Rembrandt Version 4 has been installed on-board NCL?s Pride of Aloha and is set to be fitted on-board the Pride ...
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Fincantieri goes Caribbean
According to market reports in the Italian financial press, Fincantieri has acquired the Grand Bahama Shipyard for about $100million. Finland?s Masa Yards was also in the running, but Fincantieri?s package was considered to be the more impressive. With the acquisition Fincantieri has assured maintenance and refurbishment orders from Carnival, and ...
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Seatruck to double Irish Sea capacity
Irish Sea freight ferry operator Seatruck Ferries has ordered two new ro-ro freight ferries from Spain's Astilleros de Huelva. When they enter service in 2007 they will be able to move 130,000 freight trailers per annum on Seatruck's Warrenpoint - Heysham route, more than doubling present capacity.Seatruck's general manager Alistair ...
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Giant crane boosts Hanjin's productivity
Hanjin Heavy Industries in South Korea has installed a 3,000 tonne lift gantry crane built by IHI in Japan. This new crane is needed to cope with newbuilding demand of 10,000TEU container ships and the enlargement of fabricated blocs which will be increased by 50%. In the case of a ...
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Forensic testing will become the norm
"In time, forensic technology will be adopted as part of the universal specification of bunker fuels," says John Dixon, managing director of leading fuel-testing agency Lintec Testing Services. "As fuel testing technology and methodology develops, owners and charterers benefit from better and more sophisticated techniques to screen out unwantedcontaminants. These ...
