All Motorship articles in Web Issue – Page 829
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News
EDT newbuilds delayed again
EDT Offshore's two platform-supply-vessel (PSV) newbuildings in Spain have been delayed by a further six months. Cyprus-based EDT's first unit from Astilleros de Sevilla is expected to be launched in October, while the second has been passed over until next year.It is understood that the first 4,700 DWT vessel was ...
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Hyundai-Vinashin launches first ship
Hyundai-Vinashin Shipyard in Vietnam, a joint venture between Hyundai Mipo Dockyard of South Korea and Vietnam's state-owned shipbuilding group Vinashin, has launched its first bulk carrier. The joint stock company floated a 56,000 DWT bulker ?E.R. Bergamo' on 31 March.This vessel is the first of the 10 bulk carrier series ...
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China aiming at Q-Flex LNG tankers
Marine Design and Research Institute of China is planning to build a Q-Flex LNG tanker with a capacity of about 215,000m3 said Zhu Jianzhang, a marketing official with the state research unit. Qatar had ordered 45 of the world's biggest tankers from South Korean shipyards including Samsung Heavy Industries. Chinese ...
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Indonesian bank to lend additional funds to PAL
Pt Bank Negara Indonesia has agreed to provide additional loan of $25.6 million for state shipbuilding company Pt PAL Indonesia to fund the building of four tankers on orders from Turkey and Italy. The bank had earlier provided a loan of $83 million to Pt PAL to finance newbuilding projects ...
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SCI to place orders for ten ships
Shipping Corporation of India (SCI) said it will place orders for 10 ships in this financial year. Last year, the company had postponed the purchase of eight new vessels owing to global economic slowdown.SCI had laid out a capital expenditure plan of $4 billion to purchase 79 vessels in the ...
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CSBC to sue Zim
Officials of Taiwan's leading shipbuilder, the state-run CSBC Corp., said recently that, despite a last-minute decision by the Israeli shipping company ZIM to cancel an order for six container ships worth $220.4 million, CSBC's order books are full until 2012.CSBC said that the preliminary income losses from the cancelled order ...
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CSSC fares well on healthy order book
China State Shipbuilding Co Ltd (CSSC), one of the largest shipbuilders in the country, said that its net profit in 2008 increased by 48.6% year-on-year to 4.16 billion yuan. The company's revenue increased by 48% to 27.66 billion yuan, of which 21.44 billion yuan was from shipbuilding, 3.02 billion yuan ...
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Order for largest ever Austal cat
Austal will build its largest catamaran to date following an order from Denmark?s Nordic Ferry Services for the design and construction of a 113m high speed vehicle-passenger ferry. This order, which was reported by the Motor Ship on 11 March, is for a high-speed ropax ferry designed to carry 1,400 ...
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IMO to adopt climate-friendly rules for ship recyclers
The IMO has bowed to pressure to adopt climate-friendly ways in its recycling sub-sector. From next month, it is set to come up with new regulations for ship recyclers. Activists have piled pressure on the shipping industry to seek safer recycling methods that will reduce degradation of the environment. Ship ...
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Shipbuilders restructuring unavoidable
Shipbuilding slump such as new order drought and existing order cancellations could last as much as 10 years, according to a South Korean analyst. Especially, small and midsize shipbuilders could face closure and urgently need restructuring such as selling facilities or changing business.Yang Jong-seo, a senior analyst at a foreign ...
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Noble Denton joins GL Group
The merger of Noble Denton and Germanischer Lloyd forms a fully integrated technical assurance and consulting company to serve the worldwide energy industries. The new entity will provide assurance, inspection, and consulting as well as project management on a worldwide scale. It will focus its worldwide services along the entire ...
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Shipbuilder eyeing icebreaker contract
Fincantieri Marine Group, which operates Marinette Marine Corp. and Bay Shipbuilding Co. in the USA, is closely watching federal legislation introduced last week seeking construction of a new Great Lakes icebreaker. "We were absolutely thrilled to see the legislation come in, and we're following it with great interest," said Bob ...
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Chittagong discouraging shipbuilding
Chittagong Port Authority (CPA) has said it would allow shipbuilding yards in the upstream of the Karnaphuli river. But shipbuilders say CPA's policy would 'stunt' the growth of the emerging industry. CPA chairman RU Ahmed said the Authority has drafted a policy to pave the way for establishing ship building ...
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Shipyards facing cash reserve problems
After almost six months during which almost no new building orders have been placed, shipyards around the world and especially in the two biggest shipbuilding nations of South Korea and China are facing acute problems. Besides their urgent need for cash, they are faced with the additional pressure by many ...
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Fincantieri battling to stay afloat
Fincantieri is holding last-ditch talks with Italy's three main metalworking unions in the hope of agreeing a deal on a new labour contract. Talks have been going on for months, with the company eager to tie improved rewards closely to improved productivity and the unions resisting to various degrees.Fincantieri executives ...
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RD Group to expand shipyard
A Philippine ship builder is investing P250 million for a new facility in Maasim to take advantage of growing transportation demand in the region. Gensan Shipyard and Marine Works, Inc., a subsidiary of the RD Group of Companies, is building twin slipways with a combined capacity of 10,000 gross tons, ...
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Clipper escapes large order program
The Danish shipping company Clipper Group, which had a construction program of 60 new ships, says it will not have to take a large proportion of the ships which would have been hard to make profitable with the current cargo rates. "We have probably only 13 to 15 new constructions ...
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MOL halts iron-ore carrier orders
Mitsui O.S.K. Lines (MOL), the world's largest operator of iron-ore vessels, halted new orders for the ships as demand for steel drops. The company is scrapping up to seven iron-ore carriers and may not renew long-term charter contracts, Masafumi Yasuoka, a senior executive officer at the shipping line, said in ...
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Spanish yard disputes cancellation
Following the earlier announcements that Arrow Seismic Invest II Ltd, a subsidiary of Petroleum Geo-Services ASA (PGS), had terminated the shipbuilding contract with the Spanish shipbuilder Factorias Vulcano, the Norwegian offshore company has received a formal notice of "commencement of arbitration" from the yard which disputes PGS's right to terminate ...
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Daewoo delivered 14,000TEU.
Daewoo Shipbuilding & Marine Engineering (DSME) of South Korea recently held a naming ceremony for the world's largest 14,000 TEU containership. The ship, named ?MSC DANIT', has a length of 365.5m, width of 51.2m and depth of 29.9m with a service speed of 25 knots.Unlike existing boxships, the newbuilding has ...
