All Motorship articles in Web Issue – Page 894
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News
Coastal wins OSV quartet
Coastal Contracts Bhd, the Sandakan-based company in Malaysia, said that its wholly owned subsidiary Thaumas Marine Ltd had clinched its largest newbuildings order worth $108 million boosting its order book to $223 million. The order consists of four offshore support vessels placed by Singapore's Kreuz Engineering Ltd, a subsidiary of ...
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China Merchants Energy gets nod for six tankers
The National Development and Reform Commission permitted the leading Chinese tanker operator, China Merchants Energy Shipping Co., Ltd. (CMES) to buy six oil tankers via overseas investment. In April, CMES signed an agreement in Shenzhen with Dalian Shipbuilding to build two 300,00 DWT VLCCs and two 110,000 DWT tankers for ...
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Bharati wins new order
Bharati Shipyard received an $89 million order from Shippping Corporation of India for the construction of four AHTS vessels for delivery in 2011. Including the latest order, the shipbuilder has now announced orders worth approx $408 million over the last six months, primarily for offshore supply vessels, reiterating Bharati's strong ...
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AY-LCS expands voyage repair with SRC
Aker Yards and Estonian Shiprepair and Conversion group SRC Group O?? have concluded an agreement combining Aker Yards Lifecycle Services's (A-LCS) & SRC Group's strengths to start offering the premium voyage repair service for shipping companies operating in the North Baltic Sea area.According to the agreement, the two companies will ...
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Iran needs 40 LNG carriers
Mohammad Suri, National Iranian Tanker Company???s (NITC) managing director, said the country would produce over 80 million tons of LNG per annum in the near future and 40 LNG carriers would be required to transport some of the product. Suri said that Iran would sign a trilateral contract on the ...
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Dalian climbing up world ranking
Dalian Shipbuilding Industry Corp, China's biggest shipyard, upped its rank to number four in the world in terms of orders in hand which it attributes to a combination of technical innovation and an expanded product range.Strong domestic and overseas demand was a source for the ship plant's new orders, 70% ...
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CDL chasing navy and civil jobs
Sri Lanka's Colombo Dockyard Ltd (CDL), the island's sole listed shipbuilder, is bidding for three new local ship building contracts, including one from the navy where it has tied up with a Croatian yard, officials said. The yard, a subsidiary of Japan's Onomichi Dockyard Co. which provides management and technical ...
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Four Seasons home on the seas
Singapore was a recent stop on the ongoing global tour for the unveiling of the Four Seasons ???Ocean Residences???. The private preview and off-plan sales of the 221 metre Four Seasons, which is being developed by BV International Ocean Holdings Ltd, took place in mid-September at an invitation-only event at ...
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Cunard orders a new Queen
Cunard has signed an order with Fincantieri to build a new 2,092 passenger ocean liner, at an all-in cost of approximately ??¬500m. The 92,000gt vessel, to be called Queen Elizabeth, will be the second largest Cunarder ever built and is scheduled to enter service in the autumn of 2010. In ...
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Chery buys shipyard to boost car exports
The Chinese car manufacturer, Chery Automobile, has bought a Chinese shipyard as part of its latest effort to meet an ambitious export target. Privately-owned Chery, based in Wuhu city in eastern Anhui province, has bought the local Wuhu Shipyard and is restructuring it. ???Chery expands its business scope by foraying ...
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RIL to pump billions into dredging and shipbuilding
The Mukesh Ambani-owned Reliance Group is set to make a foray into shipbuilding and dredging with two separate companies. Sources said the petroleum-to-retail giant is expected to invest around $1 billion each in two companies and has begun talks with international majors for a strategic tie-up for the dredging business. ...
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DESSC receives another newbuilding
The Cyprus-based Deep Sea Supply (DESSC) has taken delivery of the 4th of 8 PSV newbuildings from Cochin Shipyard in India. The vessel `Sea Pike`, a UT 755L Platform Supply Vessel, will go directly to Congo for a three (plus one) years time charter with ENI Congo. `Sea Pike` is ...
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Australia signs amphibious ship contract
The Australian government has signed a contract with Tenix, worth about A$3.1 billion ($2.78 billion) over eight years, to build two large amphibious ships for the Royal Australian Navy. The first ship, HMAS Canberra, will be delivered in 2013 and the second, HMAS Adelaide, in 2015. The 27,000 tonne ships ...
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Croatia needs to cut shipyard aid
Croatia's next government will have to cut subsidies to the shipbuilding industry to move on with efforts to join the European Union, the country's top EU negotiator said. With 11,000 jobs at stake at five main shipyards, Croatia has put off the subsidy cuts until after elections on 25 November. ...
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Shipyard profits rise
Severnaya Verf shipyard in St. Petersburg, Russia, increased its net profit by 84% last year up to $12.89 million. Revenue accounted for $311.5 million last year as opposed to $457.72 million in 2005. Profit before taxes were reported at $14.5 million, a 48.7% increase on 2005 figures.
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Hyundai expands engine plant
Hyundai Heavy Industries will spend 260 billion won ($284 million) to expand its engine plant to meet growing demand. The expansion project will start this month and be completed in December 2010, The South Korean shipbuilder will also invest 150 billion won to build a new block plant in Gunsan, ...
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Yangzijiang books box ship orders
Yangzijiang Shipbuilding based in China's eastern Jiangsu province has, during the third quarter of 2007, secured shipbuilding contracts for thirteen container vessels totaling 182,349 cgt and with an aggregate contract value of $409.7 million. The company now has contracts in hand for 129 ships totaling 2.2 million cgt and worth ...
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GE orders two MSVs
India???s largest private shipping firm by fleet size and revenues, Great Eastern Shipping Co., will invest an additional $114 million to acquire two new multi-purpose support vessels (MSVs) to provide logistics support for offshore oil exploration activities. The MSVs will be built at the state-owned Mazagon Dock to the account ...
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Garware Offshore plans JV with Havyard
Mumbai-based Garware Offshore Services Ltd plans to enter the shipbuilding business by setting up an exclusive facility for constructing offshore support vessels. This shipbuilding yard will be a joint venture with Norway-based ship manufacturer Havyard Leirvik AS, a subsidiary of Havyard Group AS. Havyard Leirvik builds offshore vessels, ice-breaking ships ...
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Daewoo mulls plant in North Korea
Daewoo Shipbuilding & Marine Engineering (DSME) may consider building a $150 million block plant in North Korea to help meet rising demand, the Yonhap new agency reported quoting the Daewoo's President, Sahng Tae Nam.Sahng's remark came after a three-day summit between South Korean President Roh Moo-hyun and North Korean leader ...
