All Motorship articles in Web Issue – Page 876
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News
Ulstein Sea of Solutions wins award
Ulstein Sea of Solutions, designer of complex offshore vessels, has won the Industrial Marketing Award 2008. Maria van der Hoeven, Dutch Minister of Economic Affairs, revealed the winner, which according to the jury has used marketing most convincingly in its industrial environment.The Dutch-based Sea of Solutions has, since 1 March, ...
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Sunborn plans shift to Malaysia
As much as 1.4 billion ringgit ($438.87 million) worth of contracts will be up for grabs for Malaysian firms as Finland's Sunborn International plans to move all its shipbuilding activities to Malaysia. The company has plans to build at least four vessels to be turned into yacht hotels in Malaysia, ...
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Rolls-Royce inks MOU with Vinashin
Rolls-Royce has signed a memorandum of understanding (MoU) with Vietnam Shipbuilding Industry Group (Vinashin) in Hanoi with the aim to help develop Vietnam's fast-growing marine industry. The scope of the partnership will include identifying potential strategic partners for development of shared business interests, which include the delivery of propulsion systems ...
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Samsung wins drill ship order
Samsung Heavy Industries has won a deal valued at 1.35 trillion won ($1.3 billion) to build two drill ships. The deal with an American company calls on Samsung to deliver the vessels, used for deep-water oil exploration, by July 2011.
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Croatia faces painful shipbuilding reform
Croatian Economy Minister Damir Polancec recently appeared to suggest that local shipyards may face closure if they are unable to run profitably once the country joins the European Union. The EU candidate's five shipyards survive mostly thanks to high state subsidies. A restructuring plan has been in the works for ...
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EU project prototypes methanol fuel cell for ships
After nearly one and a half years of research and development, the EU-funded METHAPU (Validation of renewable methanol based auxiliary power systems for commercial vessels) project is about to start trials on a prototype of a methanol-based solid oxide fuel cell (SOFC) unit. The prototype will be tried and tested ...
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Russian yard eyes expansion plans
Vyborg Shipyard in Russia will start building a new super shipyard that will enable it to build oil tankers and LNG carriers with deadweight of more than 170,000 tonnes making it the only shipyard in the country with this capacity. The company?s plan is to build the new shipyard by ...
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Wärtsilä and IMO AB sign global service agreement
Wärtsilä has signed a global service agreement with the leading screw pump manufacturer IMO AB of Sweden to establish a stronger after-sales network for IMO's complete product range. The cooperation agreement signed in February will result in an important addition to the range of products and services supported by the ...
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SkySails completes first deep-sea voyage
The world?s first modern multipurpose heavy lift project carrier newbuilding, which uses wind energy as additional propulsion, has successfully completed her two-month maiden voyage last week, after a double transatlantic passage totalling about 12,000 nautical miles. With 8,000 tonnes of general cargo loaded on board, ?Beluga SkySails? safely reached her ...
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Coastal poised to clinch OSV orders
Malaysian shipbuilder Coastal Contracts Bhd expects to secure a further $126 million worth of new offshore support vessels (OSV) orders this year, said executive chairman Ng Chin Heng.Ng said the Sabah-based company was in "advanced negotiations" with several potential OSV buyers and was confident of closing these deals soon. In ...
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RR wins breakthrough contract in China
Rolls-Royce has won a £58 million contract to deliver design and equipment systems for two of the world?s most advanced offshore support vessels, a first for the Chinese market. The vessels have been ordered by China Oilfield Services Ltd (COSL) and will operate in support of oil and gas exploration ...
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Bangladesh yard signs export deal
Another Bangladesh shipbuilding company signed a memorandum of understanding with a Dutch firm to supply eight sea-going vessels worth $87 million. Highspeed Shipbuilding & Engineering Co Ltd signed the MoU with Hollander Scholtens (HS), in Groningen, to start construction of the vessels in December this year.Highspeed, specialises in building small ...
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Credit crisis affecting shipyard orders
There are growing signs the credit crunch that began with the US housing market is spreading to the world's shipyards. Over the last couple of years order books at most shipyards around the world have grown to a three-year backlog, but the credit crunch is making it harder for some ...
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Tyne hopes for return to shipbuilding
The managing director of A&P Tyne in the UK, Dave Skentelbery, recently said: "We have the ability to build new ships. The skills are still on the river. There are projects with potential and if the right opportunity comes along, then it?s something we will consider doing. Over recent years ...
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Hanjin looks at safety
Following a spate of fatal accidents at the shipyard of Hanjin Heavy Industries and Construction Co. in Subic, Philippines, the shipbuilder decided to form a special committee that would monitor compliance of its subcontractors with international safety standards in shipbuilding works."We will try to level up safety awareness of all ...
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CIMC buys stake in Yantai Raffles
Brian Chang, chairman of Yantai Raffles Shipyard Limited (YRSL) has signed an agreement to sell approximately 29.9% of YRSL's issued share capital to China International Marine Containers (Group). The deal, valued at $566m, is slated for completion in third quarter of this year and is conditional upon CIMC obtaining necessary ...
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ASL Marine wins deals
Singapore shipyard ASL Marine has won three shipbuilding contracts worth S$126 million ($91.1 million). The three ships will be delivered in 2010.The first contract with Belgian group DEME is for a self-propelled cutter suction dredger with a barge loading facility and a total installed power of about 13,000 kW. The ...
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SCI ABG JV mooted
The Shipping Corporation of India (SCI) may soon forge a mega shipyard JV with India?s leading shipbuilding company ABG Shipyard. Some sources close to the development say that South Korean shipping major STX, which was also initially interested in the project, had lately not been showing much interest, thus paving ...
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Vinashin bags $2bn shipping contracts
The Viet Nam Shipbuilding Industry Group (Vinashin) has signed 22 contracts worth $2bn for shipbuilding, maritime transportation, developing ancillary industries for Viet Nam?s shipping fleet and financing and insurance, reports the Vietnam News Service.The contracts, signed at the Vietship shipping exhibition in Hanoi, include the construction of 16 cargo vessels ...
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MHI predicts smooth sailing
Japan's Mitsubishi Heavy Industries (MHI) aims to more than double earnings from its shipbuilding operations next fiscal year. Operating profit at the Tokyo-based company's shipbuilding and marine business is expected to climb to about 10bn yen ($97.7m) in the financial year starting April 1 from an estimated 4 bn yen ...
