All Motorship articles in Web Issue – Page 848
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STX gets bulker order
STX Shipbuilding has received a contract to build two bulk carriers worth 161.6 billion won ($129 million) from an unnamed customer in Asia. The 81,000 DWT vessels will be delivered by December 2011.
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HHI bids for DSME
Hyundai Heavy Industries has submitted a final bid for local rival Daewoo Shipbuilding & Marine Engineering according to a Hyundai Heavy source. The source, who has direct knowledge of the matter, declined to be named. The deadline for final bids is today.
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GS pulls out of Daewoo consortium bid
South Korea's GS Group has withdrawn its bid to buy a controlling stake in Daewoo Shipbuilding & Marine Engineering together with POSCO, a media official at the conglomerate said. It had earlier submitted its bid in a consortium with steel giant POSCO to buy the stake in the world's third-largest ...
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Bangladesh expanding shipbuilding
Six Bangladeshi business groups will invest over Tk 500 crore($73 million) in a year to establish shipbuilding facilities across the country, sensing high export potential of the industry. The business houses with expertise in real estate, steel sector and engineering works have already formed separate firms and acquired land for ...
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Bankruptcy threatens Asian shipbuilders
Asian shipbuilders face an abrupt downturn in demand that could result in some yards going bankrupt as ship owners cancel or postpone orders, according to bankers and analysts. The problems could be particularly acute in China, which is now challenging South Korea as the world's leading shipbuilding nation but where ...
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SCI floats global tender for 4 VLCCs
State-run Shipping Corp. of India Ltd (SCI) has asked for bids to buy four VLCCs, which currently cost $160 million each, to meet rising demand for crude in India. SCI currently owns two VLCCs."Unlike other shipping segments, the tanker market is firm," said T.V. Shanbhag, former head of Transchart, the ...
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Seadrill takes delivery of West Hercules
Seadrill took delivery of the deep water drilling rig 'West Hercules' from the DSME shipyard in South Korea. West Hercules is a sixth generation, high specification, deepwater, state of the art semi-submersible drilling unit. The rig, which is one of the largest drilling units in the Seadrill fleet, has a ...
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Spain delivers new support vessel to Vroon
Vroon Offshore Services of The Netherlands (VOS) today took delivery of another newbuilding, field support vessel VOS Prospector. The vessel was built by the Zamakona Shipyard in Spain.The newbuilding, designed for standby and emergency rescue and response service, will start a medium-term charter with Total in the UK sector of ...
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Daewoo decision likely later this month
A preferred bidder for Daewoo Shipbuilding & Marine Engineering Co. is likely to be announced later this month, industry sources said. State-run Korea Development Bank (KDB) and a state-run asset manager are seeking to sell their 50.4% stake in the world's third-largest shipyard bailed out in 2000 after its parent ...
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POSCO to make joint Daewoo bid with GS Group
POSCO and GS Group, rival South Korean bidders for Daewoo Shipbuilding, said yesterday they would team up in the race to buy the world's No. 3 shipbuilder. POSCO, the world's fourth-largest steelmaker, and GS Holdings , the holding company for energy-to-construction group GS, said in separate statements they were forming ...
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USA ratifies Marpol Annex VI
The USA has become the 53rd state to ratify Annex VI of the International Convention for the Prevention of Pollution from Ships (MARPOL), with the deposition of an instrument of ratification with the IMO. Annex VI, which was adopted in 1997 and entered into force in May 2005, regulates the ...
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Kittiwake acquires BP's stake in Krystallon
Kittiwake and BP announced yesterday that agreement has been reached and completed for Kittiwake Developments Ltd to purchase BP's majority shareholding in Krystallon Ltd effective immediately.In 2006 BP and Kittiwake formed Krystallon, a joint venture company to develop innovative sea water scrubbing technology which reduces the environmental impact of ships ...
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Sea-Cargo orders LNG ferries
Multi-purpose ro-ro operator Sea-Cargo AS in Norway has placed an order for four cargo ferries powered by LNG rather than bunker fuel. They are believed to be the first of their kind.In a statement the Bergen-based firm explained: "With focus on reducing exhaust emissions from short sea and coastal vessels, ...
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US report highlights harmful impact of emissions
The Environmental Defense Fund has released a new report on air pollution from large ocean-going ships. Entitled "Floating Smokestacks: A Call for Action to Clean Up Shipping Pollution," the report analyses the latest available data from the U.S. EPA and finds that large ocean-going ships in the United States emitted ...
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Brazilian shipbuilders get funding boost
The Brazilian government has pledged R$10bn ($4.5bn) of soft-funding to support the country?s resurgent shipbuilding sector. The government?s chief of staff, Dilma Rousseff, said the funds would guarantee not only the construction of new oil platforms and the expansion of state-controlled energy giant Petrobras tanker fleet, but also provide the ...
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U.S. loses Jones Act case
A federal court in Virginia has handed the Shipbuilders Council of America its second victory this year in cases it brought against the US Coast Guard for allowing major work on Jones Act ships to be done at foreign shipyards.Matthew Paxton, SCA president, said that District Judge T.S. Ellis of ...
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LCS christened Independence (LCS 2)
Austal USA?s 127 metre trimaran Littoral Combat Ship, LCS 2 Independence, has been christened during an official ceremony held at its Mobile, Alabama shipyard.The General Dynamics LCS Team - within which Austal is ship designer and builder - christened the state-of-the-art combat ship on 4 October on the waters of ...
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Singapore to build DP2 subsea vessel for Hallin
Marco Polo Marine Ltd in Singapore has, via its wholly-owned subsidiary Bina Marine Pte Ltd, secured a S$74.5 million contract to build an 80m DP2 subsea operations vessel for Hallin Marine Subsea International Plc. Delivery is slated for end 2010.The contract sum includes the procurement of saturation diving system and ...
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India may revive shipbuilding subsidy
The government in India is planning to revive the subsidy scheme in shipbuilding, discontinued since August 2007. "A cabinet note on the extension of subsidy for the shipbuilding industry will be circulated this week. We will get comments, which will be sent to the highest authority for taking a decision," ...
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Boxship orders plunge
Orders for new container ships have dried up as vessel charter rates and ocean freight rates tumble and volume growth slows on key liner trade routes. Enquiries to shipbuilders about new tonnage have "hit the floor," according to London-based Clarkson. The collapse in orders, which has affected all ship sizes, ...
