All Motorship articles in Web Issue – Page 841
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News
Cancellations hit Indian shipbuilders
India?s shipbuilding industry could suffer cancellations of about 15% of their total orders, worth at least Rs 3,750 crore, as the global economic crisis takes its toll on the sector, industry experts say. Orders for about 35 ships that were to be built in shipyards around the country face cancellation, ...
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Nippon Yusen cuts expansion plan
Nippon Yusen K.K., Japan?s largest shipping line by sales, cut its fleet expansion plan by up to 60 vessels as slowing economic growth curbs demand for transporting steelmaking commodities including coal and iron ore. The company will boost its fleet to 940 vessels by the end of March 2011, compared ...
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COSCO cancels newbuilding orders
China Ocean Shipping Group (COSCO), China?s largest shipping company, cancelled plans to purchase some 120 vessels in 2009, a source from the company said. According to the original plan, three-quarters were dry bulk cargo ships and the remainders were oil tankers and container carriers. The ambitious purchase plan, which was ...
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Lintec warns against compromise on fuel-testing
Fuel testing agency Lintec Testing Services has warned that owners, operators and charterers should not be tempted as a result of financial pressures induced by the global credit crunch into using non-accredited laboratories for fuel testing and analysis.Geoff Jones, managing director of Lintec, says, "With the marine industries, like all ...
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Wärtsilä strengthens its presence in South Korea
Wärtsilä's long established presence in South Korea has been further strengthened with the inauguration of its new service centre and office in Eomgung, Busan. By opening these premises, Wärtsilä will be able to centralize its business units in Korea, as Services, Ship Power, Power Plants and Industrial Operations, together with ...
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HHI gas engine development
Ricardo UK Ltd, a global technology and engineering consultancy, has been awarded a 26-month gas engine contract by the world's largest marine diesel engine builder, Hyundai Heavy Industries (HHI). Ricardo and the Engine & Machinery Division of HHI have previously worked together on advanced diesel and gas engine development. The ...
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Cancellations hit German shipyards
Up to 50 of 190 newbuilding orders at German shipyards may be cancelled due to the financial crisis, according to German media reports. The German shipyard association VSM claims that 25 orders worth EUR 600 million have already been cancelled. The German finance minister has now agreed that the shipbuilding ...
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L&T defers shipbuilding expansion
Larsen and Toubro Ltd (L&T), India's largest private sector engineering and construction firm, has deferred its entry into the commercial shipbuilding business and has also decided to scale back its investment for a new shipyard at Kattupalli near Chennai. Instead, the company is concentrating on ship repair and naval shipbuilding.An ...
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Daewoo wins Qatar shipyard deal
South Korea's Daewoo Engineering & Construction Co. said that it has finalized a $610 million deal to build a shipyard in north-eastern Qatar. Under the deal with state-run Qatar Petroleum Co., Daewoo Engineering plans to complete the construction of the shipyard by the end of 2009. Daewoo started work on ...
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Mitsubishi defers plans for cruise ship newbuilds
Japan?s Mitsubishi Heavy Industries has postponed plans to return to cruise ship building. The announcement came as a major cruise liner operator, reported to be Carnival Corp, delayed orders on two vessels. Mitsubishi was scheduled to return to the cruise ship building industry as early as 2012 but the company ...
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Maersk lays up eight vessels
Maersk Line is to lay up eight 6,500 TEU vessels following the recently announced changes in its Asia - Europe, Asia - Central America, and Transpacific service networks. This resulted in surplus vessel tonnage, which Maersk will not redeploy in its service network."In view of the market conditions, we have ...
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Green Marine Highway initiative to jump-start U.S. economy
U.S. Congress is currently drafting the 2009 economic stimulus package, and 'The Green Marine Highway Initiative' is in contention for inclusion, as it will create over 20,000 new jobs in shipbuilding, steel fabrication, marine propulsion, cargo handling and new ship manning. Over 20,000 trucks travel on the East and West ...
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New contracts for STX Europe
STX Europe has signed contracts for delivery of design and ship equipment for four platform supply vessels of STX Europe's own design PSV 09 CD. The total value of the contracts amounts to approximately NOK 400 million. The vessels will be built by the Japanese shipbuilding group Universal Shipbuilding Corporation ...
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IMO and EU collide over class certificate recognition
In an unusual move IMO's maritime safety committee has instructed the UN agency's secretary-general, Efthimios Mitropoulos, to voice IMO?s concerns over EU plans to force class societies to recognise each other's certificates. At yesterday's session the issue was raised by several states and it was argued the proposed EU regulation ...
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Carnival sues Rolls-Royce
Carnival Corp. has sued Rolls-Royce for more than $100 million over allegations that Rolls-Royce marketed and sold defective propulsion systems for the Queen Mary 2.The system, known as the Mermaid pod propulsion system, has been targeted in lawsuits by other cruise lines, including Royal Caribbean, Celebrity Cruises and Regent Seven ...
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Singapore Cosco client cancels order for two vessels
Singapore-listed Cosco Corp said that a customer has scrapped orders for two of five bulk carriers because of unfavourable market conditions. The Chinese ship building and repair firm will also postpone delivery of the remaining three vessels to June 2010 from December 2009. Cosco did not disclose the contract value, ...
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Technical design completed for 'Aurora Borealis'
Wärtsilä and the Alfred Wegener Institute for Polar and Marine Research, part of the Helmholtz Association, yesterday presented in Berlin the technical design of the European Research vessel 'Aurora Borealis', a multi-purpose icebreaker, deep-sea drilling, and research ship for polar sea conditions. 'Aurora Borealis' will be a unique vessel ...
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Gulf Fleet Management selects ABS Nautical Systems
Gulf Fleet Management has selected ABS Nautical Systems, LLC fleet management software as the foundation for its future operations. Opting for a near sweep of the Nautical Systems? NS 5 software suite, Gulf Fleet (GFM) will be using the tool for the maintenance, purchasing, inventory, quality and voyage management of ...
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STM to design Swire seismic vessel
The marine arm of Singapore Technologies Engineering Ltd. (ST Engineering), ST Marine, secured a $19.6 million contract to provide detailed design, construction and outfitting of a seismic survey vessel for Swire Pacific Offshore Operations, a wholly-owned subsidiary of Swire Pacific Ltd. Swire had been planning for the newbuild and will ...
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Wärtsilä's slow steaming kit helps cut fuel costs
Wärtsilä has introduced a new upgrade kit for slow steaming for RTA and RT-flex low-speed engines to enable shipowners and operators to make major savings in fuel costs while slow steaming their ships. The upgrade kit allows Wärtsilä low-speed marine engines to be operated continuously at any power in the ...
