All Motorship articles in Web Issue – Page 915
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News
Transpetro inks order for nine tankers
Transpetro, a unit of Brazil's state-run oil firm Petroleo Brasileiro SA, signed contracts $866 million for the construction of nine new oil tankers. The Rio Naval consortium will build five Aframax tankers for $517 million and four Panamax oil tankers for $349 million.The vessels are to join Transpetro's fleet between ...
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Kandla port project hots up
The race for the Rs 2,000-crore ship building yard project at Kandla, India, is hotting up with as many as 14 leading infrastructure companies in contention. These include large Indian companies such as ABG group, Essar Construction, Bharati Shipyard and L&T as well as foreign players such as South Korea?s ...
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Ship prices to remain high
Hyundai Heavy Industries and its competitors will be able to keep charging record-high prices for at least two more years because rising demand has outpaced supply, shipowners said. Executives at Varun Shipping Co., which has spent $320 million buying vessels this year, and at BW Shipping Managers Pte., which runs ...
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SNTG orders four parcel tankers
Stolt-Nielsen Transportation Group (SNTG), a subsidiary of Stolt-Nielsen S.A. has signed an agreement with SLS Shipbuilding Co. Ltd. (SLS) in Korea for four 43,000 DWT parcel tankers. The aggregate price for the four ships is expected to be approximately $340 million, with deliveries expected to take place in 2011 and ...
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Film stars order yacht with submarine
Movie stars Angelina Jolie and Brad Pitt are treating themselves to an Italian luxury yacht fitted with a swimming pool, a heliport and a submarine. The yacht will be built in the shipyard of Civitavecchia, a port town north of Rome, by luxury shipbuilder Privilege Yard, which said that the ...
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Dubai looking to modernise its waterbusses
The Marine Transport Agency at the Roads and Transport Authority (RTA) in Dubai (UAE) has received a delegation from the Dutch's Damen Shipyards. A number of important issues were discussed during the meeting, including the prospects for cooperation between the marine Agency and the shipyard. As a result, Damen has ...
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Indian shipbuilding to grow dramatically
The Indian shipbuilding industry is on a high growth trajectory and is expected to grow at a compound annual growth rate of 30%. In a recent report, a consultancy firm has said that India's share in global order book is expected to be around 15 % by 2020, compared to ...
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Dubai consolidates shipyards
Dubai World has consolidated its drydocks and maritime business by bringing Dubai Drydocks, Al Jadaf Shipyard, Platinum Yachts FZ and Platinum Yacht Management under a single umbrella - Dubai Drydocks World (DD World), a statement said."The decision to establish Dubai Drydocks World is a reflection of the ambitions to expand ...
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China knocks shipbuilding into shape
China will implement its first ever market access regulations for shipbuilding manufacturers from 1 October in order to prevent production of low-quality vessels. Jin Zhuanglong, vice minister of the Commission of Science, Technology and Industry for National Defence, said the shipbuilding sector, which had grown rapidly in recent years, urgently ...
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Danaos orders five boxships from Hanjin
Danaos Corporation has signed shipbuilding contracts for five 3,400 TEU vessels with Hanjin Heavy Industries & Construction. These containerships are expected to be delivered to Danaos from November 2009 through June 2010. The capital expenditure commitment which is in the region of $300 million will be financed by existing credit ...
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Havila to acquire Kleven Maritime
Sources in Norway suggest that Havila AS is in the process of acquiring 51% of Kleven Maritime. "Kleven's shareholders have accepted Havila's offer, and Havila wants to merge Kleven with Havila's existing shipyards and through Havyard Group establish a robust and effective international player within shipbuilding and ship design," said ...
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VT wins OPV order
Support services and shipbuilding company VT Group in England has been contracted to build and manage three offshore patrol vessels (OPV), including associated training and long-term maintenance support, that are to be supplied to Trinidad. The program, which was part of a proposal from the Government of the United Kingdom ...
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HHI starts work on ULCC
Hyundai Heavy Industries? Shipbuilding Division has commenced construction of a 10,000TEU containership. The ship is one of the four ordered from the Chinese shipping company COSCO, and will be delivered in early of August 2007. The vessel will measure 349 m in length, 45.6 m in width, 27.2 m in ...
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EUKOR orders PCTC quartet
EUKOR Car Carriers has placed an order with Korea shipbuilder Hyundai Heavy Industries (HHI) for four large Pure Car and Truck Carriers (PCTCs). The vessels will be built at the HHI Shipyard in Ulsan and deliveries are scheduled for 2010.These state-of-the-art ships will become the world?s largest PCTCs with a ...
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Aker and Tallink sign contract for cruise ferry
Aker Yards and Tallink Grupp have signed a contract of a large cruise ferry. The vessel worth approx. 180 million Euros will be delivered in spring 2009 from the shipyard in Rauma.The vessel will be a new development of the Galaxy-type cruise ferry built by Aker Yards. ?Galaxy? is already ...
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ABG bags order for bulkers
Shipbuilding seems to be staging a comeback in India, especially large ships, with smaller shipyards taking the lead. India?s largest private sector yard, ABG Shipyard, announced an order for four bulk carriers of 54,000 dwt worth $139 million.The Mumbai-based shipbuilder ABG Shipyard has bagged a $139 million order from Cyprus-based ...
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Samho wins three PCTCs
Hyundai Samho Heavy Industries in South Korea has secured an order for three PCTCs from a ship owner in Latin America. Total contract price is $270 million and deliveries will be completed by January 2011.
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First RT-flex engine order for Hitachi
Hitachi Zosen joins the family of licencees of Wärtsilä Corporation to manufacture Wärtsilä RT-flex electronically-controlled common-rail marine engines. Hitachi Zosen was awarded a contract in March 2007 by Wärtsilä Corporation to build four six-cylinder Wärtsilä RT-flex50-B engines for ships to be built in China. The first of the ships will ...
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Hanjin wins order for five container ships
Hanjin Heavy Industries has won $281 million order to build five container ships for a European company. The vessels will be delivered to Danaos Shipping of Greece by 2010. Hanjin expects this year's shipbuilding and construction orders to reach 4 trillion won, compared with last year's 3.5 trillion won.
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China shipbuilder plans Singapore listing
Yangzijiang Shipbuilding, one of the leading shipbuilders in China, is planning to raise up to $622 million through a listing on the Singapore Exchange. The Jiangsu-based shipbuilder is offering 993 million shares, a 30% stake, at up to 95 Singapore cents a share. Yangzijiang plans to use the net proceeds ...
