All Motorship articles in Web Issue – Page 854

  • News

    Austal Tasmania delivers first ferries

    2008-08-29T00:00:00Z

    The first vessels to be completed at Austal?s Tasmanian shipyard have commenced their 14 day delivery voyage to Hong Kong via the east coast of Australia onboard the heavy liftship "Pantanal"The two 47.5 metre high speed passenger catamarans, built for New World First Ferry (Macau), are scheduled to enter service ...

  • News

    AET orders Russian product tankers using Newbuildcon

    2008-08-29T00:00:00Z

    Tanker owner-operator AET, a wholly owned subsidiary of MISC Berhad in Malaysia, has ordered three 6,600 DWT oil/chemical tankers from Russia?s Okskaya Shipyard using BIMCO?s Newbuildcon standard newbuilding contract. The contract for the new tankers was signed on 28 August, with the vessels due for delivery between July and December ...

  • News

    Work at Gisan suspended

    2008-08-28T00:00:00Z

    The activities of Gisan Shipyard in Tuzla district of Istanbul were suspended after three workers died in an accident. Labour & Social Security Ministry Istanbul Department's Commission decided to suspend the activities of Gisan for 20 days. Three workers died and 12 others were wounded in an accident at the ...

  • News

    Hanjin Heavy wins order for bulker

    2008-08-28T00:00:00Z

    Hanjin Heavy Industries & Construction, South Korea's seventh-largest shipbuilder, has won a 108 billion won ($99.9 million) order to build a bulk carrier. The deal with an unidentified Asian shipping company calls for Hanjin Heavy to deliver the vessel by April 2011. Hanjin Heavy's backlog now has reached 90 ships ...

  • News

    Pride International to build drillship

    2008-08-28T00:00:00Z

    Offshore drilling contractor Pride International Inc said it will spend about $745 million to build another ultra-deepwater drillship to expand its presence in deepwater drilling sector. The drillship will be built by Samsung Heavy Industries and is expected to be delivered in the fourth quarter of 2011. "We believe demand ...

  • News

    Todd gets aircraft carrier contract

    2008-08-28T00:00:00Z

    Todd Shipyards Corp., which provides repair work for US government ships, has won a five-year contract from the US Navy to overhaul and maintain four aircraft carriers in the Puget Sound. The company said the total value of the contract, which consists of multiple options, would not be known until ...

  • News

    RR waterjet services agreement with ADSB

    2008-08-28T00:00:00Z

    Rolls-Royce has strengthened its relationship with leading Middle East shipbuilder Abu Dhabi Ship Building (ADSB) though a new agreement which will further improve customer service for Kamewa waterjets in the Arabian Gulf region. The agreement, signed in Abu Dhabi on 20 August, is the third services-related venture to be announced ...

  • News

    Acquisition of Vik-Sandvik closed

    2008-08-28T00:00:00Z

    Wartsila has received all relevant regulatory approvals in Norway for the acquisition of the ship design group Vik-Sandvik. The acquisition has now been closed for Vik-Sandvik?s Norwegian companies Vik-Sandvik AS, Vik-Sandvik Marine Services AS and Skipkonsulent AS, which form the substance of the acquisition. Wartsila announced in the beginning of ...

  • News

    USCG enforces nontank vessel response plan rule

    2008-08-27T00:00:00Z

    The U.S. Coast Guard (USCG) announced the beginning of enforcement of the requirements for owners and operators of large cargo vessels other than tankers, known as nontank vessels, to prepare and submit plans for responding to a worst case oil spill from their vessels. Should a nontank vessel be found ...

  • News

    NYK to use new technology to cut pollution

    2008-08-27T00:00:00Z

    Nippon Yusen K.K. (NYK), Japan's largest shipping line by sales, will spend 70 billion yen ($638 million) over six years on new engines, solar panels and other technologies to help cut vessel fuel usage and pollution. The company aims to cut carbon-dioxide emissions by at least 10 % per ton-mile ...

  • News

    Hyundai Heavy bidding for Daewoo

    2008-08-27T00:00:00Z

    POSCO and Hyundai Heavy Industries officially expressed interest in acquiring a majority stake in world No. 3 shipyard Daewoo Shipbuilding & Marine Engineering estimated at up to $8 billion.The successful buyer could secure a new growth engine from the lucrative energy-related business and strong cash flows of the shipbuilder. Cash-rich ...

  • News

    India seeks JV for ailing shipbuilder

    2008-08-27T00:00:00Z

    The government in India has decided to look for a joint venture (JV) partner from the private sector to bail out ailing state-owned shipbuilder Hooghly Dock and Port Engineers Ltd (HDPEL) and allow it to participate in the ongoing ship-building boom in the country.A committee of secretaries, headed by the ...

  • News

    Four Kuwait VLCCs for Daewoo

    2008-08-26T00:00:00Z

    Daewoo Shipbuilding & Marine Engineering has won a deal to build four VLCCs for 743 billion won ($710 million) for Kuwait Oil Tanker Co. Delivery is scheduled to be completed by the end of 2012. So far this year, the shipbuilder has won orders valued at $11.61 billion to build ...

  • News

    Samsung wins drill ship contract

    2008-08-26T00:00:00Z

    Samsung Heavy Industries has received a 689 billion won ($641 million) contract to build a drill ship. The deal with a U.S. shipping company calls on Samsung to deliver the vessel used for deep-water oil exploration by 2011.

  • News

    Cochin small ship division gets green light

    2008-08-22T00:00:00Z

    The Union Government has approved the proposal of the Cochin Shipyard (CSL) for the creation of a Small Ship Division in the yard. The project, to be set up at an investment of Rs 98 crore, is expected to be completed by mid-2009. Equipment required for the project has already ...

  • News

    Korea's big two reduce speed

    2008-08-22T00:00:00Z

    South Korea's two largest box carriers, Hanjin Shipping Co. Ltd and Hyundai Merchant Marine Co., Ltd, will reduce the speed of some of their vessels to cut down on bunker consumption. The two shipping giants are feeling the pinch of escalating bunker fuel prices that have contributed to higher operating ...

  • News

    EPA permits needed for ballast discharge

    2008-08-22T00:00:00Z

    Ships will soon need permits from the US Environmental Protection Agency (US EPA) for their operational discharges in US waters including ballast water, bilge water and grey water. The issue of operational discharges is currently being regulated in the US by the Clean Water Act.Since 1973, owners have been benefitting ...

  • News

    Davie Yards seeks refinancing

    2008-08-21T00:00:00Z

    The Canadian shipyard Davie Yards is working on a restructuring plan to try to protect the Quebec-based ship builder from an expected cash shortfall more than a year after its purchase by Norwegians. "We have to restructure our finances so we have a better platform for the future," new CEO ...

  • News

    Jurong to build shipyard in Brazil

    2008-08-21T00:00:00Z

    Singapore company Jurong is investing 500 million reais ($308 million) in the construction of a shipyard in Aracruz, Brazil, for building oil and gas production rigs and ship repair. The Brazilian press states that the development would be located in an area of some 1 million square metres close to ...

  • News

    Beluga launches P-series

    2008-08-21T00:00:00Z

    Beluga Shipping, based in Bremen, Germany, has recently launched the Beluga P-series, a new state-of-the-art multipurpose super heavy lift project carrier. The P-series will represent the next generation of flexible carriers operating more independently from local port infrastructure. It is an ideal strategic answer to the current market situation marked ...