All Motorship articles in Web Issue – Page 823
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News
K Line delays deliveries
K Line president and chief executive Hiroyuki Maekawa said that the company had delayed close to 10% of the 155 ships it has on order. The delays are focused on the containership and car carrier segments which have been particularly hard hit the global economic crisis as consumer demand has ...
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BHP talk Capesize
According to a number of shipbuilding and market sources, BHP Billiton appears to have sounded out a Capesize bulker order with shipyards in Japan, South Korea and China. It is believed that the company intends to procure a new type of ship that has a draught that is 16.5m, shallower ...
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Recovery could take 3 to 4 years
It would take three to four years for commercial ship newbuilding orders to pick up again, according to a securities house's forecast. Daishin Securities said newbuilding recovery would need two additional years even after the global economic downturn ends as the massive newbuildings on order should be absorbed into market.It ...
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Kockums-USC in GRP cooperation
Kockums, the Swedish subsidiary of ThyssenKrupp Marine Systems, has signed a licensing agreement with the Japanese shipyard Universal Shipbuilding Corporation (USC). The licensing agreement gives USC the right to use Kockums' GRP-sandwich technology in the production of hull structures for mine countermeasure vessels (MCMVs). USC has a long tradition in ...
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Laskaridis eyeing bulk carrier cancellation
Greek owner Laskaridis Shipping appears to be eyeing the possibility of cancelling its order for seven 75,000 DWT bulkers it placed earlier with emerging Chinese shipyard Penglai Zhongbai Jinglu Ship Industry. The potential cancellation has been prompted by to the high probability of seller's default, wherein Jinglu would be unable ...
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Hyundai building new shipyard in Kazakhstan
Hyundai Corporation is negotiating for construction of a shipyard in the Caspian Sea area with Kazakhstan's state-owned energy company KazMunaiGaz National. However, Hyundai will only participate in the construction phase of the yard facilities and it is not considering joint investment in the yard.At present, Hyundai Corporation president Noh Young-don ...
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Brittany yard delivers double ended ferry
STX Europe Lorient shipyard in Brittany, France, has just delivered the first of three Ro-Ro ferries to Tide Sj? AS in Oslo. The Lorient shipyard designs and builds high-tech ships from 30 to 120 metres long. Named 'Tidekongen', this double-ended LNG powered ferry can carry 600 passengers and will be ...
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Davie back at work
Davie Yards Inc. in Levis, Quebec, is back in operation. CEO Steinar Kulen said: "We have 1,000 employees back at work and require another 500 to complete our current orders." Davie has been able to resume work because customer Cecon ASA has resumed payments to Davie as the pieces of ...
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Shipping faces two more years of hardship
Shipping markets face at least two more years of strife as newbuildings stifle rates, Tor Olav Troim says. John Fredriksen's lieutenant also feels the time is not yet right to pick up bargain vessels in the second hand market.In an interview with the Financial Times newspaper, Troim says dry-cargo rates ...
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Qatar eyes Gdynia shipyard
Qatar investor wants to buy the historic Gdynia shipyard in Poland according to a report in the Polska newspaper. The investor is thought to be Qatar Investment Authority QIA), which is interested in using the Gdynia shipyard to build ships for gas transport.QIA is the only one on a list ...
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Putin decrees placing orders at foreign shipyards unacceptable
It is unacceptable to place orders at foreign shipyards if similar ships can be built in Russia according to the press center of RF Government citing RF Prime Minister Vladimir Putin as saying at the meeting dedicated to the problems of Russia's shipbuilding industry. "Unfortunately there is such a practice. ...
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ST Engineering's Marine signs MOUs with DCNS and Kockums
Singapore Technologies Engineering Ltd (ST Engineering) today announced that its marine arm, Singapore Technologies Marine Ltd (ST Marine) has signed two separate Memoranda of Understanding (MOU) with French defence powerhouse, DCNS, as well as Swedish submarine experts, Kockums AB.The MOU between ST Marine and DCNS sets down the target date ...
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Some container lines may go under
Container shipping faces a long recession that will force some lines out of business, AP Moller-Maersk chief executive Nils Andersen predicted. He cast doubt on whether urgently-needed consolidation could be achieved, given the character of the industry.Despite suffering the worst-ever set of quarterly results from its container shipping activities, AP ...
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Iridium OpenPort completes successful sea trials
Iridium reports that its new-generation global marine satellite communication system, Iridium OpenPort, has successfully completed sea trials on a number of different vessels, and worldwide commercial rollout is now underway."The feedback from beta test platforms has been overwhelmingly positive, and we have a strong backlog of orders from shipowners who ...
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Russian yards compete for rescue vessel order
Four domestic yards are in the running for a Russian state tender to build a rescue and salvage vessel. The federal agency of the Russian sea and river fleet, Rosmorrechflotom, says the multipurpose unit will cost RUB 2.05bn ($63.47m).The Zelenodolsk, Krasnoye Sormovo, Yaroslavsky and Nevsky shipyards have submitted expressions of ...
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Safer and cleaner shipbreaking
There are few more dirty and dangerous jobs than scrapping old ships with scores of poorly equipped workers being killed each year in South Asia where most ships are broken apart. The region's beaches are littered with rusting vessels, staining the sands with oils and other chemicals.But companies are under ...
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RINA continues steady global growth
Italy-based classification society RINA has reported continuing growth in both turnover and returns for 2008. Turnover for the 2008 year was Euro 183m, up 17% on 2007, and EBITDA was Euro 30 m, up 18% on the 2007 financial year.Ugo Salerno, ceo of RINA says, "2008 was a year of ...
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New OSV order for Canada
Rolls-Royce has won an order to design and equip a UT 755LN offshore support vessel (OSV) with an integrated power, propulsion and motion control system, for use in the Canadian oil and gas market. Atlantic Towing Limited (Canada) has entered a long term charter with the Canadian oil and gas ...
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Brazilian operator expands fleet
CBO (Companhia Brasileira de Offshore) has purchased two further Rolls-Royceoffshore vessel design and equipment systems in a £13 million order. This latest contract, for two UT 715L construction/ROV vessels, follows a series of similar orders from CBO including two vessels already in service, three that are to be delivered this ...
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Shipowners back GRI
Italy-based Siba Ships and Netherlands-based Seaarland Shipping Management have been named as the inaugural investors in a $300m Green Recycling Initiative (GRI) which aims to integrate the needs of shipowners to recycle ships in a more environmentally friendly manner and the needs of steel producers to be able to produce ...
