All Motorship articles in Web Issue – Page 838
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News
Korea supports shipyards
The Export-Import Bank of Korea (Korea Eximbank) Chairman Chin Dong-soo said the state-run lender would come to the rescue of struggling shipbuilding companies. "I've recently been asked why Korea Eximbank doesn't offer loans to the nation's small- and medium-sized enterprises,'' Chin said at a press conference held at the Bankers' ...
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NASSCO delivers tanker
U.S. Shipping Partners L.P. announced that its joint venture for the construction of five U.S. flag product/chemical tankers took delivery of the product tanker 'Golden State'. The joint venture is owned by U.S. Shipping Partners and third parties led by affiliates of The Blackstone Group. The 184.60 metre long newbuilding ...
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Gloomy forecast for dry-bulk shipping companies
Pacific Basin Shipping Ltd., Hong Kong?s biggest operator of commodity vessels, expects more shipping companies to fail after the global recession caused freight rates to plunge 92 % last year. "More dry-bulk companies may fall," Deputy Chief Executive Officer Klaus Nyborg said. "The market change was so sudden and so ...
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'Big 3' lower annual order target
The three major South Korean shipbuilders, commonly referred to as the ?Big 3,? are thought to be lowering annual targets despite their top technical skills because of tightened conditions in the global shipbuilding business. Samsung Heavy Industries disclosed that it planned to win $10 billion worth of orders for vessels, ...
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HTS ship propulsion motor test successful
American Superconductor Corporation (AMSC), a leading energy technologies company, and Northrop Grumman Corporation (NOC) have successfully completed full-power testing of the world?s first 36.5 megawatt high temperature superconductor (HTS) ship propulsion motor at the U.S. Navy?s Integrated Power System Land-Based Test Site in Philadelphia. This is the first successful full-power ...
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Damen launches twin ferries
Damen Shipyards Gorinchem has completed two Damen Fast Ferries 4212 at the Afai Southern Shipyard in China. Singapore-owned Bintan Resort Ferries ordered both catamaran ferries which have been named ?Wan Sendari? and ?Wan Seri Beni?. Sea trials for both vessels are planned in the second half of January 2009. After ...
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California raises standards for BWMS
The California State Lands Commission recently issued a report that assessed the efficacy, availability and environmental impacts of currently available ballast water treatment technologies. Said the report: "Thus at least two systems, OceanSaver and OptiMarin, are capable of meeting all standards that can be assessed using the best available techniques ...
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Chinese yard enters boxship market
CSC Chongqing Dongfeng Shipbuilding Corporation and an undisclosed US shipowner signed a contract for the construction of a 4,368TEU containership. The contract is for a 106.68 metre-long ship with a 20.6-metre beam, 5.8-metre depth and 4.2-metre draught. This newbuilding will be the first Dongfeng-made ship to officially enter the international ...
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Credit crunch hits Alfa Laval
Alfa Laval AB, the world?s biggest maker of heat exchangers, said it will cut 1,000 jobs in the first half after a number of ship builders cancelled orders. The marine and diesel business lost 7 % of its order backlog to cancellations in the last three months of 2008, the ...
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ABB wins big marine order from China
Swiss engineering company ABB Ltd (ABB) has won orders worth $30 million for electric propulsion, power generation and power distribution systems that maximize the fuel efficiency of offshore supply vessels to be built in China. ABB will provide an integrated electric propulsion solution for each of the vessels. The equipment, ...
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Hyundai sets delivery record
Hyundai Heavy Industries (HHI) has beaten the world?s largest delivery record for large sized vessels, delivering 102 vessels in 2008. On 29 December last year, HHI held a naming ceremony for a 6,500TEU containership ordered by the Japanese shipping company NYK Line. The ship was the 102nd vessel delivered by ...
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Daewoo inks Qatar shipyard deal
Daewoo Engineering & Construction has signed a contract worth QR2.2 billion ($610.6 million) with Qatar Petroleum (QP) to develop a shipyard in Qatar. Daewoo put the value of the order at 895.1 billion won ($671 million). The project is scheduled for completion by the end of December 2009.
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Herma delivers tanker to Chevron
Herma Shipping and Transport Corp. is set to deliver a double-hulled tanker to Chevron Philippines, the country?s third-largest petroleum company, by the first quarter of the year. The company, which is reviving a derelict shipyard in Mariveles, Bataan, said the 12,000-barrel capacity vessel, named Masinop, is the second locally made ...
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L&T plans to build shipyard near Chennai
Confident that the present economic downturn will not hit its ambitious Rs 2,000 crore shipyard plan near Chennai, Larsen and Toubro (L&T) said that to begin with it would start building naval ships, particularly frigates and warships. "Our shipbuilding plans are not focussed on the kind of ships where the ...
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ABG faces seismic cancellation
Indian shipbuilder ABG Shipyard could see the cancellation for an order of three seismic vessels from Norwegian owner Scan Geophysical which recently stated that it was unable to sign a sale and leaseback deal for the three vessels. Pacific First Shipping (PFS), Singapore, had previously signed a letter of intent ...
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Sri Lanka planning new shipyard
Sri Lanka is trying to enhance its ship building capacity with the government inviting foreign investors to set up a ship yard at a new port being built in the south of the country. The Sri Lanka Ports Authority (SLPA) is set to issue a request for proposals by the ...
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Process innovation project to enhance STX efficiency
STX Shipbuilding plans to challenge the top tier of global ship builders by using Dassault Syst?mes? ENOVIA PLM solution to deploy its process innovation (PI) project, across all three of its production bases: Jinhae Shipyard in Korea, Dalian Shipyard in China, and the recently acquired Aker Yards in Norway. ENOVIA ...
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KDB issues ultimatum on DSME takeover
The main creditor of Daewoo Shipbuilding & Marine Engineering (DSME) threatened to scrap a deal to sell the shipyard to Hanwha Group unless the conglomerate sticks to the 30 January deadline to finalize the contract. The state-run Korea Development Bank (KDB) picked Hanwha in October as a preferred bidder for ...
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Chipolbrok orders six heavy lifters
Chipolbrok, the Chinese-Polish Joint Stock Shipping Company, has decided to invest another RMB2.3 billion ($340 million) in six heavy lift ships. The company will also re-instate a total of seven other ships so that by 2010 it would have 17 heavy lift vessels, thus claiming to become the world?s largest ...
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Tricon completes Chinese shipyard
The US-based Tricon Marine, a high-quality builder of FRP/Composite luxury yachts up to 55 metres long, has completed construction of China's first and only North American-owned and operated shipyard. Yachts currently under construction have been moved to the new facility, including Tricon's next launch, a 92-foot (28 metre) long-range offshore ...
