All Motorship articles in Web Issue – Page 879

  • News

    Turkey cracks down on shipyard safety

    2008-02-27T00:00:00Z

    The Ministry of Labour and Social Security in Turkey announced on Tuesday that three shipyards in Istanbul?s Tuzla district, the site of numerous work-related fatalities in recent years, have been shut down for violation of occupational safety measures following ministry inspections. A statement released by the ministry said serious occupational ...

  • News

    Aker delivers fast Color ferry

    2008-02-27T00:00:00Z

    Aker Yards has delivered a "superspeed" day ferry for Color Line Transport AS. The vessel built at the Rauma yard in Finland is the first in a series of two. The second will be delivered next summer.The contract for two fast passenger day ferries worth approx. 250 million euro was ...

  • News

    GEM orders first Aframaxes from SHI

    2008-02-27T00:00:00Z

    Samsung Heavy Industries (SHI) has signed a $160m contract with Gulf Energy Maritime (GEM) for the construction of two high specification LR2 double-hulled Aframax tankers. Upon delivery by end 2011, the two 114,700 dwt vessels will be the first of their kind to join GEM's growing fleet and will be ...

  • News

    Yinxing yard to expand

    2008-02-26T00:00:00Z

    South China's Jiangmen Yinxing Shipbuilding has plans to invest CNY 228m ($31.9m) to build a 50,000-tonnage shipbuilding addition to the current yard. The 15 hectare expansion is scheduled for completion by 2010 and will boast an annual capacity of four vessels of 50,000 dwt each. The current yard has an ...

  • News

    Jurong?s Brazilian plans falter

    2008-02-26T00:00:00Z

    Last year, Singapore-based Jurong Shipyard exited its joint venture in Maua Jurong, near Rio de Janeiro, and had signed a memorandum of understanding with WTorre Empreendimentos Imobili?rios to establish a yard in Rio Grande. However, a spokesperson from Jurong?s parent SembCorp Marine confirmed a report that negotiations on the planned ...

  • News

    Bangladesh enters world shipbuilding market

    2008-02-26T00:00:00Z

    Bangladesh will enter the international shipbuilding market when the country one of the biggest shipyards in the country, the Chittagong-based Western Marine Shipyard Ltd, will deliver next week two 4,100 dwt dry cargo vessels to a Danish owner.Western Marine?s chairman Saiful Islam said the shipyard has received orders for 18 ...

  • News

    WW and OW order four LCTCs each

    2008-02-25T00:00:00Z

    Wilh. Wilhelmsen (WW) and Wallenius Lines (OW) have placed orders with Hyundai Heavy Industries to build four new large car and truck carriers (LCTC). In addition, both shipowners have also ordered four LCTCs from Daewoo Shipbuilding & Marine Engineering. The two shipowners will own four vessels each and the eight ...

  • News

    Jan de Nul orders two more dredgers

    2008-02-25T00:00:00Z

    Jan De Nul Group has placed an order with Tianjin Xinhe Shipbuilding and Heavy Industry in China for the construction of two 3,400m³ hopper dredgers. In addition, the company has agreed an option for a third identical hopper dredger. Delivery is slated for early 2010.The dredgers are specifically designed for ...

  • News

    MHI unveils Japan's largest goliath crane

    2008-02-25T00:00:00Z

    Mitsubishi Heavy Industries (MHI) announced that the 1,200-ton goliath crane installed at the Koyagi plant of its Nagasaki Shipyard became operational this week. The crane is the largest in Japan today and, in combination with the existing 600-ton cranes at the yard, the Koyagi facility is now able to handle ...

  • News

    Cosco to invest in overseas repair yards

    2008-02-25T00:00:00Z

    COSCO Shipyard Group's (CSG) main shareholder, Cosco Corp, has plans to buy foreign ship repair yards as China is getting too expensive. CSG itself has become a major shipbuilder bagging $6.6bn of orders since it moved into newbuilds at the start of last year. According to Ji Hai Sheng, president ...

  • News

    ST Marine secures outfitting contract

    2008-02-25T00:00:00Z

    Singapore Technologies Engineering Ltd (ST Engineering) announced that its marine arm, Singapore Technologies Marine Ltd (ST Marine), has secured an S$28m contract from Norway-based Waveship AS, a subsidiary of Wavefield-Inseis ASA (Wavefield), for the complete outfitting works on its seismic research vessel ?Geowave Voyager?. Work commences at ST Marine's Tuas ...

  • News

    Vietnam building country?s largest tanker

    2008-02-25T00:00:00Z

    Dung Quat Shipbuilding Company, part of the Vinashin group, recently began the building of the first of three 105,000 dwt oil tankers for PetroVietnam Transportation Company (PV Trans). It is the largest oil tanker to be built in Viet Nam and will be powered by a 13,560 kW engine, have ...

  • News

    Odjfell orders another type II tanker

    2008-02-25T00:00:00Z

    Odfjell's 49% owned joint venture company Odfjell Dong Zhan Shipping (Shanghai) Co. Ltd, has signed a contract for the building of an 8,200 dwt chemical tanker. The ship is a fully coated IMO II type carrier that will be built in China by Zhoushan Penglai Shipbuilding and Repairing Co. The ...

  • News

    Singapore's Cosco profit up

    2008-02-22T00:00:00Z

    Singapore-listed Cosco, majority-owned by China Ocean Shipping (Group) Co, said its 2007 net profit climbed to S$336.6 million ($239 million), from S$205.4 million a year ago, a 64 % increase.The company said the strong performance came on the back of robust growth in its ship repair, ship building and rig ...

  • News

    Koreans considering Croatian shipyard purchase

    2008-02-21T00:00:00Z

    A Korean company Might&Main has shown interest in buying two Croatian shipyards in the northern Adriatic. The company has sent its representatives to request additional information on the state-owned 3. Maj shipyard in the port of Rijeka and the Kraljevica shipyard. Damir Polancec, Croatian vice-president and minister for the economy, ...

  • News

    Odfjell cancels Russian newbuildings

    2008-02-21T00:00:00Z

    In 2004 Odfjell placed contracts with the large Russian Sevmash shipyard, located near Archangelsk, for up to twelve 45,000 dwt IMO type II coated product/chemical carriers.The initial fixed total contract price for all twelve vessels was approximately $500 million, later increased to $544 million. Following serious delays in the construction ...

  • News

    Zhejiang to build ten Bourbon vessels

    2008-02-21T00:00:00Z

    China's Sinopacific Group subsidiary Zhejiang Shipyard has signed a contract with French shipowner Bourbon for the construction of 10 offshore vessels, for delivery during 2010 and 2012. The vessels will each be fitted with a large Hydramarine Active Heave Compensated (AHC) crane which will be built by MacGregor?s offshore division?s ...

  • News

    Pertamina orders two tankers

    2008-02-20T00:00:00Z

    Indonesian state-owned oil and gas company PT Pertamina said Tuesday it has signed a contract to buy two oil tankers together worth $29.16 million from state-run shipbuilder PT DOC & Perkapalan Surabaya. Construction of the first tanker will be completed in March 2011 and the second vessel will be delivered ...

  • News

    HSL to venture into shipbuilding

    2008-02-20T00:00:00Z

    Marine engineering specialist Hock Seng Lee Bhd (HSL) in Sarawak, Malaysia, is diversifying into ship building, maintenance and repair that will enhance its exposure to the oil and gas sector. To that end, HSL has accepted an offer from Sarawak Timber Industry Development Corporation (STIDC) to acquire a 48.43-acre (19.37-hectare) ...

  • News

    Boom time for Japanese shipbuilders

    2008-02-20T00:00:00Z

    Orders for vessels received by Japanese shipbuilders more than tripled in January to a combined gross tonnage of 1.3 million tons, up 226.7 % against the previous year's 398,640 tons, the Japan Ship Exporters Association said Tuesday. Comparative orders received last month were for 27 bulk cargo ships with a ...