All Motorship articles in Web Issue – Page 910
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News
US group to build steel plant in Vietnam
U.S. group Eminence plans to pour $30 billion into building a steel plant and auxiliary establishments in Vietnam's central region according to local newspaper Young People. Eminence will submit its investment plan, some time in the second quarter, to the Vietnamese government for approval. The plan includes $26 billion for ...
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DSME may produce blocks in North Korea
Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea wants to produce ship blocks in North Korea according to a Korean report. "If all conditions are met and everyone involved can benefit, we have no reason not to initiate such a business, even given that it would be in North ...
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China begins VLCC fleet expansion
China has begun an ambitious effort to build a fleet of more than 90 VLCC tankers to improve its control over oil imports, vital to sustaining a booming economy, shipping industry experts say.Government strategic planners in Beijing have set a target that half of the oil imports should be carried ...
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BAE and VT agree jv terms
BAE Systems and VT Group have agreed the terms on which to merge their shipbuilding interests, but an announcement has been delayed by political uncertainties over plans for the Royal Navy's new aircraft carriers.Sir John Parker, chairman of the National Grid, is lined up to take the same role at ...
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VT outlines venture with BAE Systems
In a statement provided with the company's Preliminary Results for year ending 31st March 2007, VT Group's chairman Michael Jeffries gave an indication of how the new shipbuilding venture between his company and BAE Systems would be structured.He said "We announced in December 2006 that we had entered into discussions ...
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Aker launches French cabin facility
Aker Yards Cabins, France has been launched under the legal name of Aker Yards Cabins SAS. It is part of the cabins business within Aker Yards, Cruise & Ferries including two factories in Finland and one in France.
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Seametric issues LoI for TML
SeaMetric International AS, based in Stavanger, has issued a Letter of Intent (LoI) to ESSCA (Hong Kong) Ltd in consortium with China Petroleum First Construction Corporation (CPFCC) and the JingJiang shipyard near Shanghai for the construction, assembly and testing of the first 20,000 tonne capacity Twin Marine Lifter (TML) system.CPFCC ...
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STX Pan Ocean orders newbuilds in China
Korea's STX Pan Ocean, whose majority shareholder is STX Shipbuilding, has entered into shipbuilding contracts with Taizhou Maple Leaf Shipbuilding Co.,Ltd., China, for construction of three handy size bulk carriers at a price of around $28 million each to be delivered in 2009 with an option of one additional handy ...
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Russian yard building Norwegian hull
Severnaya Shipyard in Russia has signed a contract for the construction of the hull of a sister ship to the 3,600 DWT ?Siddis Skipper?, an offshore supply vessel based on the Vik-Sandvik design VS 470 PSV. The contract with the Stavanger-based offshore service company O.H. Meling & Co. AS includes ...
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KBR announces sale of DML shipyard business
Houston-based engineering and construction services firm KBR along with fellow shareholders the Weir Group and Balfour Beatty, announced that they have agreed to sell their interests in Devonport Management Limited (DML) to Babcock International Group plc for total proceeds of £350 million. KBR's ownership in DML is 51%. The transaction ...
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India set to get mega shipyards
In 2010 a milestone will be completed by the Indian maritime industry when it is expected to join a league of nations that possess the expertise to build and repair ships up to 300,000 dwt. Currently, Indian yards can build up to 110,000 dwt vessels.The shipping ministry has received 'Expressions ...
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Dongkuk Steel ups steel plate prices
Dongkuk Steel Mill Co., South Korea's third-largest steelmaker, plans to raise the price of steel plates used in shipbuilding. The steelmaker said the price of steel plates will be raised to 685,000 won ($741) from 635,000 won from May 15.In October, Dongkuk Steel raised the price of the product by ...
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FOP cooperation deal with Marubeni
Fred Olsen Production ASA (FOP) has signed a strategic cooperation deal with Japan's Marubeni Corporation that will see the two firms work together to identify and execute FPSO projects in certain Asian countries.The Norwegian firm said the partnership will target China, Vietnam, Cambodia and Thailand, where it expects there to ...
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HHI wins order to build eight boxships
Hyundai Heavy Industries Co. (HHI) has won a $978 million order to build eight container ships. The deal from a shipping company in the Marshall Islands calls on HHI to deliver the vessels by November 2010HHI has received $4.4 billion worth of new orders this year, more than half of ...
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Japan launches nuclear carrier for Barrow
A new £30 million nuclear freight ship to be based in Barrow, UK, was launched in Japan recently. The 4,500 tonne ?Pacific Heron? was launched by Mitsui Shipbuilding and Engineering at its Tamano shipyard. Built for the UK-based Pacific Nuclear Transport Limited (PNTL) to carry high level nuclear waste and ...
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Canada moves to get new Arctic patrol vessels
A key Canadian federal cabinet committee has given the go-ahead for a plan to construct six corvette-sized Arctic patrol vessels. The cabinet priorities and planning committee approved the program to build the 100-metre long, 6,000 tonne warships within the last 10 days, according to defence and political sources.The patrol vessels, ...
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Ezra orders MFSVs
PAN-United Marine (PUM) has become the first Singapore shipyard to secure an order for ultra large anchor handlers, with a contract from or Ezra Holdings to build a pair worth $65m. The two 22,000 kW large Rolls-Royce designed multi-functional support vessels (MFSV) will be capable of service in depths of ...
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Durban shipbuilders to lose orders
The shipbuilding industry in Durban, South Africa, is set to lose $400 million (R2.8 billion) order to build between 12 and 15 offshore supply vessels because the shipyard could be engulfed by Transnet's plans to build a new container terminal.Prasheen Maharaj, the chief financial officer of Southern African Shipyards, said ...
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DNV joining forces for effective design of ships
Aker Yards, Rolls Royce Marine and DNV are joining forces with the Norwegian University of Science and Technology (NTNU) in Trondheim. The intention is to build an international powerhouse for research and education on the topic "The effective design of ships for the future".The maritime industry will be facing new ...
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CVRD to develop Brazil-China shuttle service
The Brazilian company Companhia Vale do Rio Doce (CVRD) has entered into a 25-year contract of freight with Bergesen Worldwide (B.W. Bulk), the world's leading owner of very large ore carriers, which will involve the construction of four very large ore carriers, each with a capacity of 388,000 dwt. These ...
