All Motorship articles in Web Issue – Page 812
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News
ABS provides maintenance management software
ABS is now offering its clients powerful ship inspection and maintenance management software to be placed in the office and on board all newbuild vessels contracted to ABS class. The offer is also being made retroactive to apply to any newly built vessels delivered since 1 January this year. Vessels ...
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Sea4 selling pair on order
The Norwegian offshore company Sea4, established in July 2007, has been battling for several months to secure financing for the two IMR/Construction Support Vessels on order in Spain and has now signed a deal with a "significant and solvent player".Sea4 says the pact involves the takeover of two single ship ...
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China Shipbuilding seeks IPO
China's largest shipbuilder and shiprepairer, China Shipbuilding Industry Co., plans an initial public offering in Shanghai to fund 6.44 billion yuan ($942 million) of expansion projects. The Beijing-based, state-controlled company is selling up to 2 billion shares, or a 30% stake, in the stock offering if it wins regulatory approval ...
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NewsEGCSA welcomes MEPC 59 go-ahead for scrubbers
One of the first scrubber installations on a ship, by KrystallonThe Exhaust Gas Cleaning Systems Association (EGCSA) has announced that following the recent International Maritime Organisation (IMO) MEPC 59 meeting and its formal adoption of the recommended guidelines for exhaust gas cleaning systems, the industry is now ready for the ...
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IMO publishes outcome of MEPC 59 meeting
Amendments to the MARPOL Convention to prevent pollution during ship-to-ship oil transfer operations were adopted by the Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) when it met for its 59th session from 13 to 17 July 2009, at the IMO Headquarters in London. In a packed ...
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Euronav swaps VLCC for Suezmaxes
Belgium-based shipowner Euronav has called on Samsung Heavy Industries to convert a VLCC order to a pair of Suezmaxes. Samsung was preparing to build a 318,000 DWT VLCC for delivery in the first quarter of 2012 but, under a $170m deal, Euronav asked for a change in order to reduce ...
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News
Voith ventures into ship designing
With its company Voith Turbo Marine Engineering in Rostock that was founded only a few months ago, Voith is breaking new ground with the development of advanced ship concepts. A concept design for a multi-purpose tug with a bollard pull of 70 tons has just been presented while the company ...
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Delayed newbuilds pose storage problem
Shipyards in South Korea are having difficulties in mooring newbuildings of which Deliveries of newbuildings that have been delayed by shipowners, are creating mooring difficulties for Korean shipyards. A rash of owners' request for delivery delays has caused a great number of completed newbuildings to be moored at shipyards and ...
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News
COSL orders seismic vessel
China Oilfield Services Limited (COSL) has ordered a 3D deepwater seismic vessel from Shanghai Shipyard. The new vessel is based on a Skipsteknisk ST-327L CD design and will be powered by a diesel-electric propulsion plant. Codenamed COSL 720, the newbuilding will have a length of 107m, a beam of 24m ...
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Hyundai wins five patrol vessel contracts
Hyundai Heavy has signed a contract to build five mid and large sized patrol vessels worth 149.9 billion won with Korea Marine Fund Corporation. The order includes one 3,000 ton class offshore patrol vessel, one 1,000 ton class vessel, one 500 ton class vessel and two 300 ton class inshore ...
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News
Genco takes delivery of Caper
Genco Shipping & Trading Limited has taken delivery of the 'Genco Commodus', a 170,500 DWT Capesize newbuilding. The newbuilding is the seventh vessel to be delivered to the Company under Genco's previously announced agreement on 18 July, 2007 to acquire nine Capesize vessels from companies within the Metrostar Management Corporation ...
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UK government secures BVT future
The UK's Ministry of Defence has announced a £230 million deal with the shipbuilders BVT that it claims will help to secure the future of the industry in Scotland for the next 15 years. The Scottish Secretary, Jim Murphy, said that the agreement would secure a minimum level of work ...
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Cochin order book bolstered before proposed IPO
India?s biggest shipbuilder under state control, Cochin Shipyard Ltd, will likely get a valuation boost after receiving orders for four vessels from government-owned Shipping Corp. of India (SCI) ahead of a proposed initial public offering (IPO) of shares. Cochin Shipyard, fully owned by the government, received the orders at a ...
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Gdansk wins EU approval
In return for EU approval to keep euro251 million in government subsidies, Poland's Gdansk shipyard must slash capacity. This decision comes after a four-year European Commission investigation into whether government capital injections, tax write-offs, loans and guarantees should be repaid because they might be illegal and damaging to competition. Regulators ...
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Green shoots in newbuilding market?
There is a growing awareness in the shipbuilding industry that a closing of the gap between newbuilding and second-hand ship prices is occurring which is making the newbuilding market a more attractive proposition. An escalation of unconventional opportunities is also starting to help the market, the world's largest shipbroker Clarkson ...
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Modest-but-steady growth in passenger vessels fleet size predicted
The latest Shipbuilding Market Forecast, published by Lloyd?s Register - Fairplay Research, predicts continued modest-but-steady growth for the passenger ship sector over the next five years. The monthly research report provides detailed analysis and forecasts covering all sectors of the passenger ship market, including passenger and cargo ferries, cruise ships ...
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Dubai yard renews BP Shipping agreement
The ship repair, conversion and new building yard of Drydocks World -Dubai has renewed its long-standing association with BP Shipping with the signing of a new alliance agreement.The two companies will work closely to achieve optimum production levels based on mutually agreed terms, which includes strict implementation of accepted standards ...
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Deferrals hit containership orders
The number of deferred deliveries and slippage for containerships has exceeded 1.8 Mteu, or a third of the current orderbook. The bulk of the deferrals recorded by Alphaliner are for ships above 4,000 teu, with 168 ships involved with an aggregate capacity of 1.6 Mteu. The average period of delay ...
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China continues expanding shipbuilding capacity
Just when everyone is bemoaning the growing overcapacity in the world's shipbuilding industry, the government of the Guangxi region, located in south western China, approves a plan to develop an area in the region into a large shipbuilding base. According to the plan, the new shipbuilding facility will have an ...
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Japan's first ballast water management system approved
Hitachi Plant Technologies, Ltd. and Mitsubishi Heavy Industries (MHI) were recently granted final approval by the IMO for their jointly-developed Hitachi Ballast Water Purification System (ClearBallast). This system makes use of active substances (G9) and is the first Japanese system to receive such approval. In preparation for type approval from ...
