All Motorship articles in Web Issue – Page 897
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News
IMSK Multigas order
I.M. Skaugen ASA (IMSK) confirmed that a new 50/50 joint venture with GATX Corp. has been created. This new joint venture will assume the ownership of the first four 10,000 cbm sized "Multigas" carriers currently under construction at Skaugen Marine Construction (SMC) in China. These Multigas carriers will have the ...
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GL Rules Pilot
Which rule affects my fleet? That is the central question for shipowners, managers and shipyards when it comes to international maritime regulations from IMO, ILO and IACS. The new "GL Rules Pilot" has the answers: The new online database givesindividualised information, based on fleet structure and specific information needs.As regulations ...
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BV says CNG transport viable
International classification society Bureau Veritas (BV) says that market demand will inevitably lead to the development of Compressed Natural Gas (CNG) carriers. Speaking at BV?s Gas Tanker Seminar, to be held in Hamburg on 20 September, Fred Venner, BV?s manager for gas ships will say that CNG ships will be ...
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Daewoo wins $740m orders
Daewoo Shipbuilding & Marine Engineering Co (DSME) received $740 million in orders to build a drill ship and an oil tanker. The vessels will be delivered by the end of 2010 to companies in Oceania and Europe. DSME has received contracts worth $15.2 billion this year, achieving about 90% of ...
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Swissco orders offshore newbuilds
Swissco Offshore Pte Ltd, the wholly-owned subsidiary of Singapore-based Swissco International, placed orders for two offshore support vessels (OSV) at a cost of $9.91 million, excluding owner's supplied items. The first unit is a 55 metre azimuth stern drive anchor handling, tug and supply (AHTS) vessel. The vessel is expected ...
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GlobalSanteFe orders new drillship
Oil and gas drilling contractor GlobalSanteFe Corp. has ordered a new ultra-deepwater exploration and development drillship from Hyundai Heavy Industries. Shipyard costs for the drillship are expected to total about $740 million and delivery is expected in September 2010.
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Awilco awarded rig option at Yantai shipyard
Oslo-based Awilco Offshore said it has received an option to build a fifth semi-submersible drilling rig at China's Yantai Raffles shipyard. "The option can be exercised until end December 2008, and would have a building period of 33 months from exercise," the Norwegian offshore services firm said.The additional option has ...
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RIL to pump $2 bn into shipbuilding and dredging
The Mukesh Ambani-owned Reliance Group in Mumbai, India, is set to make a splash in 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 ...
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SCI in talks with overseas shipyards for JV
Mumbai-based Shipping Corp of India Ltd is in talks with foreign shipyards for a joint venture in India and plans to buy a stake in any of the two shipbuilding yards proposed by the government. The state-run firm, which wants to get into port management and dredging operations, is also ...
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Tugboat tender saves SAS from doldrums
The Durban-based Southern African Shipyards (SAS) has won tenders worth R400 million to build five tugboats for Transnet for delivery in 2010.The tugs were being procured through two tenders: one directly from Transnet for three tugs for the Port of Nqgura, and one with Transnet National Ports Authority (NPA) for ...
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Algoma to build three oil tankers
The Canadian shipping company Algoma Central Corp., which operates on the Great Lakes, says it has struck an agreement with the Jiangxi Jiangzhou Union Shipbuilding Co. Ltd. in Jiangxi, China, to build three double-hulled oil tankers. The tankers will cost $91 million to build and the three vessels will be ...
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ABG buys Western India Shipyard
ABG Shipyard is likely to pick up a 40% stake in Western India Shipyard for $56 million. ABG bought the shares held by institutional investors ICICI, IDBI, Bank of India, State Bank of India and UTI.The company has a total debt of over Rs 280 crore and, during the first ...
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Rickmers to acquire 4 new vessels
Rickmers Maritime of Germany has signed an agreement to acquire another four 4,250 TEU container vessels. This is on top of its recently-announced acquisition of four 13,100 TEU vessels. Together, the new vessels will increase Rickmers Maritime's total contracted fleet capacity by 170% to 110,310 TEU. Polaris Shipmanagement will manage ...
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Gazprom needs 20 Shtokman LNG tankers
Russia's Gazprom may call a tender for up to 20 LNG tankers in early 2008 to help it ship LNG from the huge Shtokman field. Andrei Fomichyov, head of St. Petersburg's North Shipyard company, said that Gazprom had informed companies that might take part in the tender that each tanker ...
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Pakistan aims to be a shipbuilding country
The Pakistan government has said it is committed to making Pakistan a leading shipbuilding country of the region to take advantage of country?s ideal location and realising its true potential in this sector. The prime minister was chairing the first policy board meeting on development of shipbuilding industry in Pakistan ...
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Samsung wins massive order
Samsung Heavy Industries has won a $1.3 billion order to build five container ships and one offshore oil-processing vessel for a European client. The latest deal brings its total orders this year to $15.2 billion, exceeding the annual target. It has so far this year won deals to build 86 ...
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ISD seeks ownership of Polish shipyard
ISD seeks ownership of Polish shipyardISD Polska, whose majority owner is the Ukrainian Donbas, has placed a binding offer to purchase newly offered shares of the Gdansk Shipyard (SG) for 400 million zloty. ISD Polska also wants to buy out the rest of the Gdansk Shipyard?s shares, whose owners now ...
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Wärtsilä to manufacture CPP in India
Wärtsilä Corporation has decided to manufacture controllable pitch propellers (CPP) in India to create an important and sizeable production capacity increase for the CPP business. The new activity will incur an investment of about 5 million Euros. The CPP production in India will be operational by the end of 2008. ...
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Evergreen may invest in Chinese shipyard
Evergreen Group, parent of Taiwan's biggest shipping line, may invest in a Chinese shipbuilder to accelerate delivery of new vessels. The company "is looking for opportunities overseas" and "China is one of the options," Nieh Kuo-wei, a company spokesman, said. Possible locations for the venture include Guangzhou in China's southern ...
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China considering licensing shipbuilders
Last year, the State Council of the People's Republic of China set specific targets that would see the shipbuilding industry reach an output of 17 million dwt and a capacity of 23 million dwt by 2010 and an output of 22 million dwt and capacity of 28 million dwt by ...
