All Motorship articles in Web Issue – Page 830
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News
Riga Shipyard launches fishing trawler
Riga Shipyard in Latvia has launched its third vessel this year. The fishing trawler "Helena Matte" was commissioned by a Danish company, which will fit out the vessel with electric, communications and control equipment, after it has been towed to its destination in Denmark. Project director at the Riga Shipyard ...
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GEM takes delivery of Panamax
Gulf Energy Maritime (GEM), the Middle East's largest independent commercial product tanker operator, has taken delivery of the first ever Panamax built by Korean shipbuilder Hyundai Mipo Dockyard (HMD. The 75,000 DWT product oil carrier, Gulf Castle, is also the first of four new Panamax vessels scheduled for delivery this ...
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Nakilat Damen JV
Nakilat and Netherlands-based Damen Group have signed a memorandum of understanding for establishing a Qatari majority joint venture, which will build a shipyard for construction of luxury yachts and ships for commercial and military use up to 100m in length.The Ras Laffan shipyard is expected to begin operation in 2010 ...
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Keppel awarded three projects
Keppel Offshore & Marine Ltd (Keppel O&M), through Keppel Shipyard Limited (Keppel Shipyard) and Keppel FELS Brasil SA (Keppel FELS Brasil), has secured three contracts worth a total of about S$300 million. The first two projects, secured by Keppel Shipyard from repeat customers, are for the construction of a derrick ...
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Guangzhou Shipyard drops acquisition
China's Guangzhou Shipyard International Co said it will call off a proposed $445 million acquisition of a shipyard from its state-owned parent as its shares have slumped in the global financial crisis. The company's board also approved dropping a planned rights issue, it said in a statement. Guangzhou Shipyard, controlled ...
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Korea resumes while Japan is quiet
South Korean builders have resumed their marketing activities for newbuildings, but Japanese yards are not dropping their wait-and-see stance. Shipyards in South Korea have been targeting order receipts in order to fill their empty slipways for ships deliverable in 2011 that were left empty after they accepted some requests to ...
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GAC launches Ship Lay-up Solutions
GAC, the Kuwait-based provider of shipping, logistics, marine and related services, has launched GAC Ship Lay-up Solutions (GLUS), a new service package tailor-made to help owners/operators avoid non-profitable journeys, and reduce wear & tear, fuel consumption and insurance premiums during periods of low demand. When demand for ocean freight is ...
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Malaysians offer lifeline to C& Heavy
Emerging South Korean shipyard C& Heavy Industries, which was seemingly pushed to the wall by its creditors, may yet have another lease of life. The shipyard had on Monday signed a memorandum of understanding with an unnamed Malaysian fund that would hopefully lead to its full or partial takeover.While the ...
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Dredgers cancelled at Asia HI
Belgium's Jan De Nul NV has reportedly cancelled three dredging vessels on order at South Korea's Asia Heavy Industries. The ships were scheduled to be delivered to the owner from August to December last year but the construction of the vessels has been delayed and ultimately the owner has quashed ...
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A silent revolution in ship management
Plagued by operational inefficiencies, inadequate cost control and flawed hierarchicalstructures, modern ship management has struggled to meet the evolving needs ofthe shipping industry. But thanks to the recent launch of Ulstein Marine Services,shipowners will soon have access to a smarter and better way to manage their fleets.Best known for shipbuilding, ...
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Thyssen Krupp to sell Greek shipyard
ThyssenKrupp AG is to put Hellenic Shipyards up for sale on 1 April as part of a shake-up announced last week when it was announced that a new group structure was being put in place. Thyssen Krupp has set the end of September as a deadline for the yard's sale ...
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CNOOC eyeing deepwater equipment manufacturing
China National Offshore Oil Corporation (CNOOC) has announced its plan to invest in the deepwater equipment manufacturing. In the next five to eight years, CNOOC's growth in the deepwater sector is expected to boost the development of the domestic raw material market, and to enhance the nation's shipbuilding industry, metallurgy ...
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Korean shipbuilders call on banks for support
South Korean shipyards are asking state-run lenders to increase loans and extend financing for orders as a deeper-than-expected economic slump dries up their cash holdings, industry sources said. According to the sources, the shipbuilding industry called for the Korea Development Bank and the Export-Import Bank of Korea to increase their ...
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SNC Shipbuilding collapses
Fledgling South Korean yard SNC Shipbuilding is reported to have succumbed to financial difficulties, closing its doors prior to launching even a single completed vessel. The yard, which was expected to cost $179.6m to build near the port of Gwanyang, was designed to build vessels of up to 80,000 dwt ...
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Tanker newbuild orders cancelled
At least 47 tanker newbuilding orders have been cancelled so far this year according to Ragnar Nielsen of Singapore-based Masterbulk. In total, some 434 newbuilding orders have been cancelled including 298 bulk carriers and 74 box ships. Nielsen said that in spite of the tanker cancellations, the number of bulk ...
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LR Asia opens its first dedicated training facility
Lloyd?s Register Asia today opened its first dedicated marine surveyor training centre in Shanghai, assuring that the Group?s global marine team will continue to deliver the high technical standards demanded by the modern maritime industry. The Maritime Surveyor Training Institute (MSTI) represents more than an $8 million (£5.6 million) investment ...
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CO2 reduction in the spotlight
Shipping's green credentials will come under scrutiny at the Green Ship Technology conference in Hamburg this week when the merits of the technical solutions and proposed trading mechanisms for emissions are debated. As the industry looks to the IMO to shape its policy and agree to a set of international ...
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Protectionism in shipbuilding spreading
Shipbuilding protectionism at compatriot shipyards is abruptly spreading around the world particularly in developing countries such as Brazil, Russia, India, China, Vietnam and Qatar. Brazil has limited the bidders to domestic shipyards for a state-owned oil company's fleet expansion newbuilding program of 49 ships worth $5bn since 2005. The protectionism ...
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Hallin cancels subsea operations vessel
Singapore-based Hallin Marine Subsea International has backed out of a contract after the shipyard was unable to secure refund guarantees. Shipbuilder Marco Polo Marine in Batam confirmed that the $51 million contract for an 80m long DP2 subsea operations vessel has been terminated. "The shipbuilder has been unable to complete ...
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Wadan secures life-saving deal
The crisis-ridden Wadan Yards in Wismar and Rostock-Warnemünde have received new shipbuilding orders totalling ?1bn. Wadan Yards' Russian co-owner Andrej Burlakow announced that four passenger ships, each worth ?250m, would be built at Wadan Yards. The work would start before the beginning of the summer, he said.Wadan Yards was not ...
