All Motorship articles in Web Issue – Page 796
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News
Chinese bank turns shipowner
The Industrial and Commercial Bank of China (ICBC), the world's biggest bank by market value and deposits, has taken delivery of the first two ships in a 14-ship order that are part of two deals with Chinese companies."The shipping industry is still very new in China but the bank industry ...
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New shipyard turnkey construction contract awarded
Sembcorp Marine has awarded the turnkey construction contract for Phase I of the New Yard Development project to Zhen Hua (S) Engineering Pte Ltd for a total contract value of S$443.25 million.The contract is part of the S$750 million projected costs for Phase I of the New Yard Development announced ...
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Trinidad and Tobago OPVs sail ahead
Offshore Patrol Vessels (OPVs) being built by the UK shipbuilder BAE Systems for the government of Trinidad and Tobago will this week take a step closer to completion. Employees at the Portsmouth Naval base will join in the celebrations today when the first vessel is formally named 'Port of Spain', ...
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Higher fuel costs altering boxship deployment patterns
As fuel oil prices continue to climb, carriers are increasingly applying extra slow steaming on their long haul services. With fuel prices at levels above $400/ton since October, extra slow steaming is increasingly taking hold on the Far East-North Europe route where loops are being stretched by a week. Alphaliner ...
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South Africa awards STX contract for Polar supply/research vessel
STX Finland Oy and the South African Department of Environmental Affairs have signed a contract for the construction of a Polar supply and research vessel. The ship, valued at a cost of approximately EUR 116 million, will be build in the Rauma shipyard and is scheduled for delivery in spring ...
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Daewoo reports profit in Q3
Daewoo Shipbuilding & Marine Engineering in Korea said it has made a profit in the third quarter on increased sales of high-end products and a stable local currency. Net income reached 191.2 billion won ($166 million) in the July-September period, compared with a loss of 84.9 billion won a year ...
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RINA publishes new lay-up guidelines
The Italian classification society RINA has published new guidelines to help shipowners identify and secure safe and cost-effective locations to lay up their ships during the current economic downturn. The guidelines cover various types of lay-up, mooring arrangements, class, insurance, flag and port authority requirements. They also set out the ...
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STX wins major ore carrier order
STX Offshore & Shipbuilding in Korea has signed a single contract for the construction of eight 400,000 DWT very large ore carriers (VLOC). The contract is valued at about $879.8 million. Delivery of the eight vessels will be completed by September 2012. Although STX did not disclose the customer, it ...
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Lowering shipping's carbon footprint - the Iranian version
A major international tanker operator has given detailed information on the steps it is taking in response to the shipping industry?s quest to lower greenhouse gas emissions from vessels.Iran?s NITC currently has 42 oceangoing crude oil tankers in operation totalling over 10m. dwt; these include 28 VLCCs, nine suezmax and ...
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Vinashin suffers cancellation of order
Vinashin recently said the group was facing a financial crunch as 15% of its contracts were cancelled due to the financial crisis. The group didn?t give any details on the value of the cancelled contracts. Vinashin said it is still a new company with limited investment capital, and a lack ...
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Astute leaves for sea trials
The first of class Astute nuclear powered attack submarine left BAE Systems? shipyard at Barrow-in-Furness for the first stage of sea trials designed to prove its capability as the most formidable vessel of its kind ever operated by the Royal Navy.Astute is now on her way to Her Majesty?s Naval ...
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MAN expands service network in North America
MAN Diesel recently celebrated the official opening of its newest service centre in Seattle, Washington, USA to further expand its PrimeServ network in North America. The newly renovated, 1,800 m2 workshop and 400 m2 office space will handle customer requests for all basic repair and service requirements, and include complete ...
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ABS named best for Middle East & Indian Subcontinent
ABS was named Best Classification Society during the recent Lloyd?s List Middle East & Indian Subcontinent Awards held in Dubai. The award ceremony is one of six regional events hosted by the industry?s daily newspaper to benchmark excellence within the maritime industry. A panel of judges from a broad spectrum ...
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RINA reorganises
Genoa-based classification society RINA has rationalised its organisational structure in order to improve efficiency. In future all RINA-branded operations will be carried out through a new company, RINA Services Sp A. The holding company RINA Sp A will provide staff services and strategic direction and control all non-RINA-branded services.The reorganisation ...
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NewsGas turbine hybrid naval ship commissioned
The US Navy amphibious assault ship Makin Island, power by a hybrid propulsion systemGE Marine reports that the United States Navy commissioned its new LHD 8 ship USS Makin Island on October 24, 2009 in San Diego, California. The USS Makin Island is the first U.S. Navy amphibious assault ship ...
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Engine version launched specifically for diesel electric applications
Caterpillar Marine Power Systems says that its Cat 3500 engine series has been recognized as a commercial marine industry leader since its initial manufacture in the 1970s. The latest step in the evolution of the engine line is the launch of the Cat 3512C and 3516C Diesel Electric Propulsion (DEP) ...
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KDB to pick DSME adviser
Korea Development Bank (KDB), the main creditor of Daewoo Shipbuilding & Marine Engineering Co. (DSME), is planning to resume the sale of the shipyard in 2010 after selecting an adviser for the sale before the end of this year. "We want to sell a controlling stake in the shipbuilder as ...
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LR and International Paint complete 60th PSPC gap analysis to shipyards
Lloyd?s Register (LR) and International Paint have delivered their 60th training course aimed at bringing Chinese shipyards up to speed with the IMO's new Performance Standard for Protective Coatings (PSPC) on commercial ships. The joint initiative, which ultimately promotes safe and sustainable shipping, has in its first two years ...
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Danish study claims Bangladesh shipbuilding workers are cheapest
A study carried out by the Danish embassy in Bangladesh claims the cost of building an ocean-going ship in Bangladesh is around 15% less than in any other competing country thanks to the cheap labour there.However, low labour costs alone cannot lower overall manufacturing costs and the study said the ...
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Russia to construct shipyard in Arkhangelsk
Optimist LLC (Arkhangelsk) commenced construction of a shipyard complex in Arkhangelsk which is estimated will cost RUR 800 mln ($28 million) according to Neftegasexpert with reference to resources in Arkhangelsk region. The construction will take place over a period of 20 months while payback period is 7 years according to ...
