All Motorship articles in Web Issue – Page 833
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News
Ezra cancels newbuilds at Karmsund
Ezra Holdings Ltd in Singapore has announced that is has been informed by the Norwegian shipyard Karmsund Maritime Service (KMS), located on Karm?y, near Haugesund, that it will not be able to complete and deliver the two vessels it is building for Ezra Holdings' subsidiary Lewek Shipping in accordance with ...
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Russia to build over 1,000 vessels in 20 years
Russia's United Shipbuilding Corporation is to build more than 1,000 commercial vessels in the next 20 years, Vladimir Putin, the Russian prime minister, said when he recently chaired a meeting in St. Petersburg on the development of the shipbuilding industry. He said the number includes 265 fishing vessels and 791 ...
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Indian shipbuilders get government subsidy
With the Indian government now ready to disburse Rs 5,000 crore towards outstanding subsidy for the fledging Indian shipbuilding industry, the future is beginning to look brighter. The industry, going through a down cycle, is also looking forward to a fresh subsidy scheme from the next government to help it ...
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One in three shipping lines seen to go bust
Seafin Pte, the Singapore-based ship-financer, expects more than a third of shipping companies to collapse this year as the recession hammers global trade and vessel prices. "Everyday there is an auction for ships, but who wants them?" Dimitris Belbas, Seafin's head of shipping finance, said. Seafin is a venture between ...
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Japanese postpone yard merger
The Japanese shipbuilders JFE Holdings Inc. and IHI Corp. have decided to postpone a merger of shipbuilding operations until after autumn, according to local sources. The merger, which was to take place this month, has been delayed because of a decline in demand for new ships. In mid-January 2008 it ...
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Samsung expanding China base
Samsung Heavy Industries (SHI) plans to expand its ship-block construction base in Rongsheng City, Shandong Province, China, by finalizing the "Phase 3" ship-block factory construction. SHI has already finished "Phase 1 and 2" in 2007 and is currently producing 100,000 to 150,000 tonnes of ship-blocks annually and, when "Phase 3" ...
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Cochin launches small ship division
The newly commissioned small ship division (SSD) of India's government-owned Cochin Shipyard Ltd. (CSL) expects to generate annual revenues of Rs5bn ($99m). The revenue will allow the yard to take on the concurrent construction of commercial ships and the country's first indigenous aircraft carrier for the Indian Navy.At an inauguration ...
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MOL halts new orders for ore carriers
Mitsui O.S.K. Lines Ltd. (MOL), the world?s largest operator of iron-ore carriers, has halted orders for new 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. ...
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Only nine ships ordered worldwide in January
Orders of only nine ships were made in January worldwide, a meagre 6% of last year's 151 ships, according to the London-based shipbuilding industry research company Clarkson. Four went to Korea and five to China, while shipbuilders in other regions, including Japan and Europe, did not receive a single order. ...
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STX Europe makes start on P&O ferry
The production of the first of the two huge ferries ordered by P& O Ferries started today by cutting its first steel plate on STX Europe's yard in Rauma, Finland.The 49,000 gt roro-passenger ferries with a length of 210 metres and 2,700 lane metres, are scheduled for delivery in 2010 ...
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Deep Sea Supply cancels newbuilding
Deep Sea Supply (DSS) has cancelled the contract with Jaya Shipbuilding and Engineering Pte. Ltd. ("Jaya") pursuant to which DSS was to take delivery of Hull No 875 to be named "Sea Hawk 1". The cancellation is based on substantial delays beyond the revised, contractual delivery date. DSS has made ...
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EU approves maritime safety laws
Justice and home affairs ministers last week rubberstamped six legislative proposals of the EU's third maritime safety package, which aims to reduce maritime accidents and pollution in Europe. The package, tabled by the European Commission in 2005, includes eight draft laws. Last week's Justice and Home Affairs Council approved four ...
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Alliance tackles ballast water threat
A Global Industry Alliance (GIA) has been launched to tackle the threats of marine bio-invasions caused by the transfer of alien plants and animals in ship ballast tanks. The Alliance, made up of a partnership between the IMO, United Nations Development Programme (UNDP), the Global Environment Facility (GEF) and four ...
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STX and Schottel cooperate in production of propulsors
The South Korean company STX Heavy Industries Co., Ltd. and the German propulsion specialist Schottel, will be cooperating in the area of large Rudderpropeller systems for underwater installation such as used on drilling rigs. Within the framework of a corresponding licence agreement, STX will manufacture Rudderpropellers covering a power range ...
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China's economic growth target within reach
China said its 8% growth target for this year is within reach even as the worst financial crisis since the Great Depression hammers economies worldwide. Liu Tienan, vice chairman of the National Development and Reform Commission, restated the goal at a briefing in Beijing recently and said China has "the ...
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Canada resurrects midshore coast guard plan
The Canadian government's on-again, off-again plan to build new midshore patrol vessels for the coast guard appears to be on again. The federal government quietly scuttled a plan last summer to build 12 midshore patrol vessels for the coast guard. Bids had been received for that program, but in August, ...
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Deltamarin wins Allseas design contract
Swiss-based Allseas Group has awarded the complete detailed design of their Pieter Schelte project to the Finnish consulting and engineering company Deltamarin Ltd. The total volume of the contract is about 200 man-years. The contract comprises naval architecture, structural engineering, accommodation and system engineering, including piping, electrical and instrumentation, heating, ...
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STX sees green shoots of recovery
STX Group claims new ship orders could resume in the second half of this year when financing difficulties ease. Its shipbuilding arm, STX Shipbuilding, is aiming to boost new orders for offshore vessels and plants by 8% this year to $1.8 billion, vice chairman Lee Jong-chul told reporters. New ship ...
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Shipyard bids fall below expectations
Malta's government plan to recoup a reported ?49 million paid in early retirement schemes appears to have foundered, as bids for the Malta Shipyards have fallen short of this figure.Sources privy to the privatisation process described government?s expectations to be "misled" if it was seeking to recoup the golden handshake ...
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SCI rethinks fleet expansion
State-run Shipping Corp. of India Ltd (SCI) has scrapped a tender to buy four dry bulk cargo carriers as demand for ships declines in the face of a slowdown in global trade. In September, South Korea?s STX Shipbuilding offered to sell four 175,000DWT Capesize vessels at $94.10 million each.SCI had ...
