All Motorship articles in Web Issue – Page 835
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Wadan gets more government help
German shipbuilder Wadan Yards has received further financial assistance, this time a grant from the state of Mecklenburg-West Pomerania to extend the length of the loan it was granted at the end of last year. In December 2008, Wadan secured a Euro 60 million ($774.4 million) bridging loan to save ...
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Tsuneishi ups Cebu output
Japanese shipbuilder Tsuneishi Heavy Industries (Cebu), Inc. will be spending P11 billion to expand its local facilities at its West Cebu Industrial Park in Balamban, Cebu. The expansion, which requires an additional 90 hectares of land, will also employ an estimated 6,000 workers in the area, the company said. With ...
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Bids closed for Malta Shipyards
The Maltese government's Privatisation Unit has received bids for all the 4 units of Malta Shipyards. The call for bids closed on Thursday and, in all, 23 companies had shown interest and collected the documents, down from almost twice the number at the earlier "expressions of interest" stage. There were ...
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Russia places 10 ship order with Hyundai
South Korean trading company Hyundai Corp. said its shipbuilding unit in China won a $120 million order to build 10 vessels for a Russian company. The dry cargo vessels, which will be built by the Hyundai Corp. unit in China's eastern city of Qingdao, will be delivered to Volga Baltic ...
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Russia plans massive shipyard expansion
According to the BarentsObserver, the Russian government believes its powerful shipbuilding industry should concentrate on the construction of civil vessels and the establishment several new federal shipyards. Icebreakers and specialized vessels, offshore platforms, research vessels, floating nuclear power plants and tankers should be the prime objective of the Russian shipbuilders, ...
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China to aid shipbuilding industry
China's State Council has approved a stimulus package for the country's shipbuilding industry in a bid to help the emerging sector weather the global economic downturn. The government will encourage financial institutions to expand financing to purchasers of ships and extend fiscal support for domestic buyers of deep-sea ships until ...
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SAFEDOR - European Maritime Research Project concluded
The maritime research project on the significance of risk-based design and approval has been concluded after four years of intensive study. The multinational research project SAFEDOR (Design, Operation and Regulation for Safety) was co-ordinated by ship classification society Germanischer Lloyd. 53 project partners from all sectors of the maritime industry ...
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Mitsubishi - Petrobras JV to build drillship
Mitsubishi Corp., Japan?s largest trading house, and Brazil?s state-controlled Petroleo Brasileiro SA will build a $830 million vessel to drill in deep seas for crude oil and natural gas. The vessel would be capable of drilling in ocean depths of just over 3,000 meters (10,000 feet), Mitsubishi said in a ...
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Chinese shipbuilders lobby Beijing
With new orders for China's shipbuilding industry estimated to be halved in 2009, experts are calling for the Chinese government to quickly pass the shipbuilding industry stimulus plan. China Association of National Shipbuilding Industry (CANSI) estimates the country's new shipbuilding orders in 2009 may decline to between 20 and 30 ...
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Big Asian yards could cause European builders to stagger
Specialist shipbuilding facilities in Europe are facing heightened risks as bigger players threaten to dominate and overwhelm them. Niche market shipyards that build offshore vessels and dredgers could face more competition as mainstream yards move into their field of speciality. For example, Denmark?s Odense Shipyard recently announced that it would ...
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Korea battling to maintain top ranking
South Korea, the world?s top shipbuilding nation, must find measures to keep leading the global shipbuilding industry in the next decade, including developing high-value vessels, a domestic institute said. In a report titled ?Check of the competitiveness of South Korea?s shipbuilding industry?, Samsung Economic Research Institute (SERI) said that proactive ...
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Scrap yards full
A flurry of scrapping deals recently has seen a variety of tonnage heading to breakers in Bangladesh, India, Pakistan and China. Although scrap prices are dramatically lower than the peaks of 2008, they appear to have found some stability in the $260-270/ldt range but not for long, according to some ...
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DSME in large cost cutting exercise
Daewoo Shipbuilding & Marine Engineering (DSME) has plans to cut costs by 624.5 billion won this year to prepare against the global economic crisis and the slump in the overall shipbuilding industry. DSME seeks to firmly establish the 'OK culture' both in and around the company, which refers to carrying ...
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Box ship orderbook shrinking
The total capacity of containerships on order worldwide has declined to 6.1 million TEU, comprising 1,147 vessels, as of 1 February, 2009, according to figures compiled by AXS-Alphaliner News. Claimed as being the lowest level over the past 16 months, AXS said the world order book represents 49.1% of the ...
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German yards suffer
According to the German Shipbuilders' Association (Verband für Schiffbau und Meerestechnik e.V.) the domestic shipbuilding industry signed newbuilding contracts for 46 vessels in 2008, it?s the lowest order intake since 2001, Lloyd?s List reports. In 2007, the industry received orders for 79 vessels. 29 vessels were cancelled in 2008, while ...
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DNV guidelines on lay-ups of ships issued
The DNV guidelines on lay-up of ships are now ready and available on the DNV website. The guidelines contain both requirements and recommendations for shipowners that are preparing for short or long lay-ups. Based on the market uncertainties and the fact that global trade is slowing down at the same ...
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First newbuilding started at Hyundai Gunsan
The new Hyundai Heavy Industries? shipyard in Gunsan is starting operations this month. Located in the Jeolla Province in South Korea, the Gunsan shipyard recently held a keel laying ceremony for its first ship, a 180,000 DWT bulker ordered by Nord Capital of Germany. Delivery of the newbuilding is scheduled ...
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'New Panamax' defined
The Panama Canal Authority has issued precise details on dimensions for the next era of Panamax ships. Proposals for the new locks will be received by 3 March and the canal authority is expected to announce which consortium will be awarded the construction by this May. "Each of the new ...
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Korea shipbuilding still number one
South Korea retained its No.1 ranking in the global shipbuilding industry in terms of new orders, order backlogs and volume of vessels built in 2008. The nation's shipbuilders won a combined 17.5 million CGTs in new orders last year, accounting for 41.1% of all global new orders according to Clarkson ...
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Jinan Steel inks pact with shipbuilders
Jinan Steel Group in China has recently signed strategic cooperation agreements with seven key shipbuilders in Shandong, to consolidate their production-demand chain of shipbuilding steel plates to the mutual benefit of all participants.Jinan Steel is the largest steelmaker in Shandong and the largest shipbuilding plate supplier in China, boasting over ...
