All Motorship articles in Web Issue – Page 1033
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2004, a record year for CSIC
The China Shipbuilding Industry Corp. (CSIC), the largest shipbuilding company in China, received more than six million tons of new ship orders in 2004, ranking first in domestic shipbuilding companies. Li Changyin, CSIC general manager, said that the company built 2.14 million tons of new ships in 2004, up 30% ...
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Newbuild prices soaring
Since the beginning of this year the price of new ships has jumped raising South Korean shipbuilders' hopes of greater profits in the latter half of the year, industry sources said. The price index of new ships reached 155 in January which is a record high since it hit 163 ...
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Shipyard jobs may be saved
BAE Systems is reported to have put back moves to make 100 drawing office jobs redundant following discussion between management and the Ministry of Defence about packages of work to absorb some of the slack.The UK shipbuilder has been highlighting to the MoD the danger that more of Barrow?s unique ...
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Farstad cancels order
Farstad Shipping has decided to cancel the contract between its subsidiary, Farstad Supply, and the Norwegian shipyard Aker Brattvaag. As reported last week, the newbuilding contract was dependent on approval of the charter party between Norsk Hydro and Farstad Shipping ASA. An agreed cancellation fee will be covered by Farstad ...
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Brazilian bonanza
The Brazilian state-controlled oil company, Petroleo Brasileiro (Petrobras), is rumoured to be requesting bids from 12 domestic shipbuilders to build as many as 42 oil tankers at a cost of $1.9 billion.
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HHI wins 10K boxship order
Hyundai Heavy Industries in South Korea has signed a contract to build four 10,000TEU container ships for COSCO, China?s shipping company, and are the largest vessels of their type ordered to date. The contract value is $509.6 million and all four are expected to be delivered by August 2008. These ...
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Viet Nam shipbuilding looks promising
Construction on the first two ships in a 15 vessel deal between the UK-based Graig Shipping and Viet Nam?s shipbuilder Vinashin will begin soon at their Ha Long shipyard and Nam Trieu yard. The $336 million deal with Graig Shipping calls for the construction of 15 bulk carriers of 53,000dwt ...
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EU saves Izar
The European Commission has cleared a deal designed to save Spain's shipbuilding industry that will see Spanish yards focus on making military rather than cargo carrying vessels. The EU Competition Commissioner has received assurances from the Spanish Finance Minister that the deal brokered last month complies with EU rules on ...
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Norsk Hydro cancels Farstad LOI
Norsk Hydro has cancelled the Letter of Intent with Farstad Shipping since the Norwegian oil and energy company could not guarantee that all bidders had received equal information during the tendering process last year. The LOI was for a $160 million long-term charter deal calling for delivery of supply vessel ...
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New Handymax from Oshima
A new ultra Handymax bulk carrier design has been developed by the Japanese shipbuilder Oshima featuring a Panamax beam and draught but maintaining a Handymax length. The 60,000dwt design has a length of 190m, a beam of 32.26m, a draught of 13.04m and five holds with a total cargo capacity ...
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E.R. Schiffahrt trio named
Three container ships were named by E.R. Schiffahrt earlier this week at the three Hyundai shipyards in South Korea. These latest newbuildings are part of the planned expansion programme by E.R. Schiffahrt, a subsidiary of the Hamburg-based Nordcapital Group, which will see another 22 container ships, all built by Hyundai, ...
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Wallenius Wilhelmsen signs low sulphur fuel contracts
Wallenius Wilhelmsen has signed two key contracts for the supply of low sulphur bunker fuel - with a sulphur content of just 1.0% - that will help the company meet its ambitious environmental targets for 2005. A three-year contract has been secured with Shell Marine Products to purchase 200,000 to ...
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Heusden facility closed
The Dutch shipbuilder Shipyard De Hoop has closed its facilities at Heusden with effect from 19 January. The company states it will continue its shipbuilding activities in The Netherlands on a smaller scale at its location in Lobith.
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Poland backs Viet Nam
Viet Nam is an important partner for Poland?s development strategy, said Polish Prime Minister Marek Belka at a business forum held by the Viet Nam Chamber of Commerce and Industry at the Polish embassy in Ha Noi. Belka said that, with a population of 80 million, Viet Nam is a ...
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Appledore turning the corner
Appledore Shipbuilders in Devon, UK, is working on its first order since the yard went into receivership at the end of 2003 with the loss of more than 500 jobs. The yard, which is under new ownership of Devonport Management Limited (DML), began work late last year on the hull ...
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DNV acquires Jardine
Jardine, a leading international provider of asset performance improvement services, has been acquired by DNV. This move strengthens DNV?s ability to help companies optimise the economical performance of individual assets without compromising their safety or environmental performance.Jardine and Associates will be integrated as part of DNV?s Consulting business. The acquisition ...
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Aker concludes employee negotiations in Finland
Since the beginning of 2005 Finland's three largest shipyards in Helsinki, Rauma and Turku have been working as one company, the new Aker Finnyards. As part of the restructuring plans, negotiations were started in November last year with employee representatives to improve the productivity of the yards. The formal negotiations ...
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Posco and big 3 set up committee
Posco, the Korean big 3 shipbuilders- Hyundai Heavy Industries, Daewoo Shipbuilding and Samsung Heavy Industries- and Korean Register of Shipping have established a committee to develop steel for ship including thick steel plate. Called the Shipbuilding Steel Development Joint Committee, the committee held its first meeting earlier this month and ...
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Ulstein gets P101 contract
Ulstein Verft has signed a contract with Island Offshore XI KS to build a large ULSTEIN P101 multifunctional platform supply vessel, designed by Ulstein Design AS. The contract is worth around $46 million. It will be the first vessel to be built to this design, making it the 12th in ...
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Samho wins PCTC quartet
UKOR Car Carriers (EUKOR) placed an order with Korean shipbuilder HyundaiHeavy Industries (HHI) for four pure car and truck carriers (PCTCs). The vessels will bebuilt at the Hyundai Samho Heavy Industries Shipyard in Mokpo and deliveries are scheduled for the first half of 2008. This order is an option ...
