All Motorship articles in Web Issue – Page 839
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News
GE Shipping cancels newbuild contracts
The Mumbai-based Great Eastern Shipping Corporation (GE Shipping) announced that it has cancelled orders for the construction of two Supramax bulk carriers. The 57,000 dwt vessels had been on order with an unnamed Chinese shipyard. GE Shipping has attributed the cancellations to the current "highly uncertain business environment."Despite these cancellations, ...
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Keppel hit by cancellations
Keppel FELS Limited and Scorpion Offshore have agreed to terminate the $405 million rig contract on mutually acceptable terms. Scorpion Offshore is working closely with Keppel FELS in the latter?s exploratory discussions with interested third parties to take over the building of the semisubmersible. The outcome of these discussions are ...
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Alnmaritec delivers wind farm vessel
Alnmaritec, the specialist aluminium boat builder based in Alnwick, Northumberland, UK, recently announced the successful launch of one of the largest boats it has built in recent years.The ?Aaryan? has been built for the North East based company ?North Sea Logistics? and is a slightly larger version of the ?Wave ...
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STX Europe to upgrade cruiseship and tankers
STX Europe has signed contracts for modernising a cruise vessel for Carnival Cruise Lines and two tankers for Neste Shipping.MS Sensation of CCL will get 98 additional passenger cabin balconies as well as new black and grey water piping during the retrofit. The tankers Palva and Stena Poseidon of Neste ...
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ST Marine secures seismic vessel contract
Singapore Technologies Engineering's (STE) marine unit, ST Marine, sealed a $30 million design, construction and outfitting contract to build a 68-metre seismic survey vessel for Swire Pacific subsidiary Swire Pacific Offshore Operations (SPO).SPO is one of the world's most established offshore support providers with over 20 new vessels on order ...
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Danaos takes delivery of another newbuilding
The Greek shipping company Danaos recently took delivery of one more containership, the 'Zim Monaco', expanding its operational fleet to a total of 39 containerships aggregating 157,427 TEU. The newbuilding has a carrying capacity of 4,253 TEU and was built by Samsung Heavy Industries. It is 260 metres long, 32 ...
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OSD consolidates
Ijmuiden-based Offshore Ship Designers (OSD) has strengthened its group identity and adopted a more integrated approach to work sharing. Design teams in Ijmuiden, Montrose, Escrick, Bideford and Shanghai will now all operate under the OSD name and will work more closely together. The office in Bideford is new and will ...
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Lack of fresh orders hits India's shipyards
Indian shipbuilders may maintain profit growth in 2009-10 but order intake will deteriorate further as shipping companies stung by a credit crisis and plunging freight rates put expansion plans on hold and cancel orders.ABG Shipyard, India?s largest private listed shipbuilder, received its last order in June, worth Rs585 crore. Rival ...
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Manitowoc completes sale to Fincantieri
Manitowoc Co. Inc. in the USA said recently that it has completed the sale of its shipbuilding business to Fincantieri of Italy for about $120 million in cash. Manitowoc said it intends to use the after-tax proceeds for debt reduction and other corporate purposes.In 2007, the Manitowoc Marine Group had ...
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Horizon's maiden travelift launch
Horizon Shipbuilding, Inc. of Bayou La Batre, USA, made the first launch with its 660 tonne travelift. The Ugodie, the second in a series of two 52.30 metre fast crew supply vessels Horizon is building for Nigeria, was recently lowered into Bayou La Batre by the travelift. Immediately after the ...
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Korean shipbuilders facing tough times
Korean shipbuilders are headed for a turbulent 2009 amid a sharp contraction in the global shipbuilding sector, with small firms expected to take a particularly harsh battering. "2009 will be a year of restructuring for the shipbuilding sector, but the big three may get opportunities to solidify their market leadership," ...
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Libya orders six tankers
Libya's General National Maritime Transport Company has placed orders for six oil tankers valued at a total of $400 million. The contracts were signed with Samsung Heavy Industries in Korea for four vessels and Sasebo Heavy Industries in Japan for two units. The tankers will have a total capacity of ...
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Remedial launches first ESV
Remedial Offshore recently marked the launch of its first Elevating Support Vessel (ESV) when it was skidded onto a quayside barge at the COSCO Nantong Shipyard. The innovative ESV design is optimized for well intervention in water depths to 325 feet (100 metres). Each self-propelled ESV unit (two are under ...
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Shipbuilding stimulus plan under discussion
A stimulus program to revive China's shipbuilding industry is currently under discussion and will be submitted to the State Council, China's Cabinet, for approval at the beginning of 2009, a senior industry official said. The program, drafted mainly by the country's top economic planning body, the National Development and Reform ...
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Mediterranean's largest shipyard on course
The Besiktaž Shipping Group, a leading company in the Turkish maritime industry, will soon complete preparations and begin constructing a shipbuilding facility in the Adana-Yumurtal?k Free Trade Zone. Once completed, the shipyard will be the largest of its kind in the Mediterranean. ?hsan Kalkavan, the owner and chairman of the ...
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Credit crunch hits box ships
Over 200 container ships are likely to be laid up next year as charter ship owners and ocean carriers adjust to weakening cargo demand, plunging freight and vessel hire rates, and an influx of new ships onto key liner trade routes. Some 165 container vessels totalling 430,000 TEUs capacity were ...
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Bangladesh bags $20m orders
Ananda Shipyard and Slipways in Bangladesh has received orders worth $ 20 million to build two small vessels and a tug from Middle East countries at the region's biggest shipbuilding fair in Dubai."We have received orders worth $11 million from Iraq to build two crew supply vessels and $9 million ...
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Lintec warns of off-spec fuel deliveries at Riga
Fuel testing agency Lintec Testing Services has warned that three fuel oil samples taken recently from vessels that have bunkered in Riga, Latvia, have shown the presence of Dicyclopentadiene (DCPD), a synthetic substance not naturally occurring within marine fuel.Lintec Managing Director Geoff Jones says, "The presence of DCPD was detected ...
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Croatian yards protest EU reforms
Thousands of employees in Croatia's ailing shipyard industry protested yesterday against privatisation plans that are part of reforms required by the European Union. "We are sending a message that we do not give up our demands ... keeping shipbuilding active should be the main criteria in a tender, " Juraj ...
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China in danger of losing half its shipyards
China may lose as many as half of its shipbuilders next year as the global financial crisis forces companies to close down, Shanghai Securities News said, citing Ren Yuanlin, chairman of Yangzijiang Shipbuilding Holding Co. About 40 to 50% of Chinese shipbuilders will shut in the coming 6 to 12 ...
