All Motorship articles in Web Issue – Page 1031
-
News
Buoyant figures for SembCorp
Thanks to buoyant demand for its ship conversion and repair businesses, the Singapore shipyard of SembCorp Marine has recorded a 21% increase in last year?s net profits at $57.5 million. Revenue also hit a record high of $787 million. SembCorp Marine's ship conversion and offshore business was boosted last year ...
-
News
STX secures orders for eight tankers
STX Shipbuilding, South Korea's seventh-largest shipbuilder, has received three orders worth $360 million in total to build eight oil and chemical tankers. The orders comprise of four vessels for a Cyprus-based company, two ships for STX Pan Ocean, a subsidiary of STX, and two ships for a company in Denmark.
-
News
Double tanker order for Dutch yard
Br?drene Klovning Shipping in Haugesund, Norway, has ordered two 4,000 dwt chemical tankers from Volharding Shipyards in Holland. The vessels shall be delivered at the middle and at the end of 2006 respectively, and are intended for trading in Western Europe. Long-term employment of the vessels has been secured via ...
-
News
Daewoo confirms mega LNG carrier order
Daewoo Shipbuilding & Marine Engineering (DSME) signed a $900 million contract with a consortium including Qatar Gas Transport Co. (QGTC) for the construction of four 216,000 cubic metre LNG carriers. Commerzleasing, a unit of Commerzbank, will own 54% of the four vessels, QTCL will hold 45% and German's Pronav the ...
-
News
Basque yard gets LNG lifeline
Spanish shipbuilder Izar has signed a contract with Norwegian shipping concern Knutsen to build a LNG carrier at its La Naval-Izar shipyard in Sestao near Bilbao. This is the first order for this ship type the troubled Bilbao yard has won since 2000. La Naval has recently shed 578 workers, ...
-
News
Cable ship conversion for Astander
Astander has been awarded a contract for the conversion of the cable layer ?Provider I?, owned by a subsidiary of the Swiss Group Allseas Swiss-based Allseas Group SA, one of the major offshore pipelay and subsea construction companies in the world. The work will involve converting this vessel into a ...
-
News
Rolls-Royce waterjets power x-craft
Rolls-Royce is providing its Kamewa waterjets for the US Navy?s X-Craft, an experimental ship due to be launched tomorrow. The high-speed aluminum catamaran X-Craft under construction at Nichols Brothers Boat Builders, Whidbey Island in Washington state, has four high-efficiency Kamewa 125 SII waterjets, which will deliver 50.4MW of power, driving ...
-
News
DNV scholarships at Indian IT universities
DNV has entered into an agreement with two universities in India, i.e. Indian Institutes of Technology at Kanpur and Kharagpur. Both universities are recognised for their excellence in the field of information technology and software development."We?re very pleased we?ve now entered into an agreement that will be beneficial to India, ...
-
News
More orders for STX and Daehan
STX Shipbuilding has secured a newbuilding contract for four 62,000DWT product carriers and two 10,600DWT chemical tankers from a shipowner in Cyprus. The total value amounts to $252million and all six ships will be delivered by 2008. Daehan Shipbuilding clinched six 10,000DWT multi purpose cargo vessels from unknown shipowner in ...
-
News
AMSC's super machines
Having received the green light from the US Navy in October 2004 to proceed toward final manufacture of a 36.5MW ship propulsion motor, American Superconductor (AMSC) has continued to make excellent progress and expects the motor's final assembly to be complete in early 2006. Greg Yurek, AMSC?s chief executive, commented ...
-
News
Mipo Engineering launched
Hyundai Mipo Dockyard has set up a subsidiary, Mipo Engineering, to undertake ship design as well as other activities such as technology test and inspection. Choi Kil Sun, president and CEO of Hyundai Mipo Dockyard, said that the establishment of this company will help HMD deal with ever increasing ship ...
-
News
Wärtsilä to produce auxiliary engines in China
Wärtsilä has signed a letter of intent with China Shipbuilding Industry Corporation (CSIC) to set up a 50/50 joint venture to manufacture marine auxiliary engines in China. The location of the new factory will be in the Shanghai area. The intention is to start the production of the Auxpac ...
-
News
ASRY expands into newbuildings
The Arab Shipbuilding and Repair Yard (ASRY) has been awarded a $4 million contract by the Kuwait Oil Tanker Company (KOTC) to build a new 35 metre service boat which will service its operations in Kuwait. The vessel, the first of this particular design to be built by ASRY, will ...
-
News
Rosy outlook for Singapore shipyards
Analysts in Singapore are forecasting robust growth and earnings this year from local shipyards which are claimed to be achieving global leadership in the offshore marine sector. The two biggest players, SembCorp Marine, the Sembawang group's marine engineering arm, and Keppel Corp, the parent of Keppel Offshore and Marine, account ...
-
News
REPASA?s new tugs
MAN B&W has been awarded the contract to supply two medium-speed L27/38 twin engine packages for two escort and terminal handling tugs. The newbuildings are under construction at the Spanish shipyard of Astilleros Balenciaga for the Tarragona-based Remolcadores de Puerto y Altura SA. (REPASA) fleet. The vessels, named Romulo and ...
-
News
Go slow at Maltese shipyard
A from Monday, workers in Malta?s shipyard will work to rule. The General Workers Union (GWU) said that it ordered the dispute after the ultimatum it gave to the management to sign the agreement, expired at the end of last week. For the past months, the union has been negotiating ...
-
News
VLCC trio for Daewoo
Daewoo Shipbuilding is rumoured to be negotiating to build three VLCCs for Ghassan Ghandou of Lebanon, who controls Athens-based Gulf Marine Management SA, for a record price of $320 million.
-
News
China suffers high steel prices
Chinese shipbuilders are having to incur a sharp increase in thick steel plate price. According to China Steel Industry association, the price per tonne of thick steel plate produced by Chinese steelmakers was around CNY 2,500 in May 2003 but increased to CNY 5,500 per tonne as at the end ...
-
News
Ex Matson chief launches new shipping company
The former head of Matson Navigation Company, C. Bradley Mulholland, is involved in the launch of a new shipping company in the Hawaiian islands that will undercut shipping prices by 12%. He will be president and chief executive officer of OceanBlue Express which is the creation of Norwegian industrialist Kjell ...
-
News
First Autochief passes sea trials
Kongsberg Maritime's first installed AutoChief C20 propulsion control system has successfully completed sea trials. The main engine remote control system received its stamp of approval from Hyundai in Korea on 26 January 2005, paving the way for the AutoChief C20 system to become as successful as Kongsberg Maritime's previous propulsion ...
