All Motorship articles in Web Issue – Page 845
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News
France has stake in STX Europe's French yards
STX Europe and the French government have agreed that the French state becomes a 33.34% shareholder in STX France and its shipyards in Saint-Nazaire and Lorient. The combined ownership of STX and the French state will expand the strategic opportunities for one of the few sophisticated large capacity shipyards in ...
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Spanish shipbuilders finalize Pdvsa deal
Spanish shipyards Freire and Vulcano and state-run oil company Petróleos de Venezuela (Pdvsa) finalized a contract to build five vessels for Venezuela. The agreement, amounting to Euro 400 million ($513 million), is set to be signed in the coming months. It includes the construction of three oceanographic ships and two ...
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Iceberg testing completed
Russia has completed ice testing of a new naval vessel at the St Petersburg-based Central Research Institute. According to the head of the Institute?s Russian Academy of Sciences, Valentin Pashin, the experts of the ?Iceberg? project are now working with colleagues from Finland to finish the design by 2009. The ...
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Ulstein sets up new company
The Ulstein Group in Norway is starting up a new company providing services to the international shipping industry. Named Ulstein Marine Services (UMS), it will offer services to the aftermarket, technical operation of vessels in service, and services for personnel/manning. Group CEO Gunvor Ulstein says the establishment of UMS is ...
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Iraq to build new shipyard
Iraq's government has announced plans to build an $850m shipbuilding and repair facility at its Gulf seaport. A government statement said a company belonging to the Iraqi Industry Ministry will manage the design and construction of the shipyard in the port of Khor al-Zubeir and would be used to build ...
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Pipavav order book healthy
Pipavav Shipyard Ltd (PSL) in India is currently in the process of executing shipbuilding orders worth $1.2 billion for various ship owners abroad, Debashis Bir, President, Shipbuilding, Pipavav Shipyard, has said. The present order book position of the company included 22 Panamax carriers with 74,000 DWT each for Norwegian, Greek ...
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Bollinger delivers first spec boat
In late October, Bollinger Shipyard announced that they had sold two 59 metre offshore-supply vessels to Odyssea Marine. The first boat, Mary Martin, has already entered service while the second is to be delivered in December. In accordance with the original plan the boats were sold to the successful bidder ...
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Bourbon Offshore Asia inaugurates training centre
The French offshore operator BOURBON has inaugurated the Bourbon training centre Asia and its AHTS simulator in Singapore in the premises of Bourbon Offshore Asia. The opening of this second Bourbon training centre in Asia follows the opening of the Manila?s (Philippines) centre in October 2007 dedicated to Dynamic Positioning ...
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India's shipbuilding ambitions run into rough weather
Ambitious plans by domestic firms to boost India?s shipbuilding capacity in the next two to three years by investing some Rs20,000 crore may have to be whittled on the back of the current credit crunch and a downturn in global shipping, say experts. "The changed situation would require some degree ...
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EC agrees Polish rescue plan
The European Commission has concluded, following four years of investigation, that state aid granted to Gdynia shipyard and Szczecin shipyard gives rise to disproportionate distortions of competition within the Single Market, in breach of EC Treaty state aid rules, and must be repaid. The Commission has simultaneously agreed to accept ...
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Hamworthy acquires BDC
Hamworthy has augmented its wider design capabilities with the acquisition of a majority interest in Baltic Design Centre Limited (BDC), an experienced ship design and consultancy business based in Gdynia, Poland. BDC will be renamed Hamworthy Baltic Design Centre (Hamworthy BDC). Commenting on the acquisition, Joe Oatley, Chief Executive of ...
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Pipavav shipyard faces uncertainty
Mumbai-based Pipavav Shipyard, India?s newest private sector shipbuilder, may find itself grounded with six 75,000 dwt Panamax bulk carriers after a buyer announced earlier this week that it might go into liquidation. London-based Britannia Bulk Holdings Inc. said recently that following a substantial third quarter loss for calendar year 2008, ...
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Transpetro will not delay tanker orders
Transpetro, the transport unit of Petroleo Brasileiro SA, will be able to maintain a 49-tanker fleet expansion program because it has sufficient financing from a government fund and can ignore the world credit crunch, the unit's president said. Brazil's Merchant Marine Fund, managed by state-development bank BNDES, has enough cash ...
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DD World to take majority stake in Chinese shipyard
The Southeast Asian operations of Dubai Drydocks World (DD World), the ship repair, conversion and building subsidiary of Dubai World, has agreed to acquire a 60% stake in a shipyard in China for $55 million. The acquisition will be a joint venture with Singapore-based Topniche Associates owning the remaining 40% ...
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Keppel expands Cebu operation
The Board of Investments (BOI) has approved a P589,927 million ($12.04 million) project of Keppel Singmarine Philippines Inc. (KSPI) for the production of tugboats and offshore support vessels for export. KSPI said the new project was in line with the Keppel Group's Near Market, Near Customer strategy and its support ...
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BW orders four VLOCs
BW Bulk UK Co, a sister company of Singapore based BW Group, has ordered four 388,000 DWT very large ore carriers (VLOC) from Bohai Shipbuilding Heavy Industry Co Ltd in China for delivery in 2011 and 2012.
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Aker is now STX Europe
"As Aker Yards, this company established a track record for building some of the world's most innovative ships. As STX Europe, we approach the market with a new brand and the sharper strategic focus of attaining international market leadership within our two key segments: cruise and offshore vessels," says Torstein ...
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Wärtsilä propulsion systems for Aker Yards
Wärtsilä has signed major contracts with Aker Yards AS S?viknes and Aker Yards AS Trading - the recently established project development arms of the Aker Yards Group - for the supply of propulsion equipment for five offshore vessel projects being built in Norway, India and Brazil. The orders cover the ...
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Abu Dhabi still interested in Polish shipyards
Polish newspapers report that Abu Dhabi Investment Authority (ADIA), the world?s biggest sovereign wealth fund with estimated assets at $875 billion, is still interested in Polish shipyards. The Polish State Treasury received an inquiry from ADIA in July 2008, but no offer was received. Deputy Treasury Minister, Zdzislar Gawlik, said: ...
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CEVA wins award redesigning Wärtsilä's parts transportation system
Wärtsilä Corporation's logistics partner, CEVA Logistics, has been awarded the first Lean & Green Award 2008 in the Netherlands. CEVA Logistics won the award for their best practice example in designing a CO2-friendly supply chain for Wärtsilä. The award was granted by Connekt, a recognized Dutch forum that promotes smart ...
