All Motorship articles in Web Issue – Page 921
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News
Mizho expects 55M GT newbuilding orders
Mizho Bank in Japan expects that new order volume in 2007 will be 55 million GT. The bank said that Korean shipbuilders will take new orders at attractive prices because they have shipbuilding slots for 2010 and 2011. The bank predicts that Korean shipbuilders will clinch 23 million GT while ...
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STX Shipbuilding swings to profit in 2006
STX Shipbuilding, the world's seventh-largest shipbuilder, said that it swung to a profit in 2006 from a loss a year earlier on rising demand for high-priced ships.Net profit reached 41.1 billion won ($43.3 million) last year, compared with a loss of 6 billion won a year earlier, the company said ...
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PC trio for STX
STX Pan Ocean has ordered three MR sized product carriers from STX Shipbuilding at the price of $130 million. The first will be delivered during this year and the other two in 2008.
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Viktor Lenac under new ownership
According to the insolvency plan, shipyard Uljanik of Pula and Tankerska plovidba of Zadar will obtain 60% part of the ownership in the Victor Lenac shipyard, while the government will sell them the outstanding claims for 10 million kuna. The news is encouraging for the future of the yard because, ...
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ICICI to pick up stake in Tebma
ICICI Ventures is close to picking up Rs 100 crore stake in Chennai-based mid-sized shipbuilder Tebma Shipping. Tebma, which is a Rs 300 crore company, supplies to the Navy and is the only builder of dredging ships in India. It is expanding into tugs and naval ships. The shipyard has ...
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Ferguson in crisis talks
A mass meeting of the workforce of Ferguson shipyard at Port Glasgow in Scotland is planned following threats that two thirds of the workers could be made redundant and threatening the survival of one of the last yards on the lower Clyde. Union officials said the shipyard is about to ...
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Palmali cements links with MNP
Palmali Shipping of Istanbul further cemented their relations with the Russian shipbuilding group MNP when they signed a contract for the construction of ten 6,900 DWT chemical tankers at the Krasnoye Sormovo Shipyard. Delivery of five of the tankers is scheduled in 2008 with the remaining five the following year.Both ...
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Vinashin to build six ferries
The Vietnam Shipbuilding Industry Corporation (Vinashin) is reportedly building six ferries to run on the north-south route in Vietnam. The 160 metre ships will be built at an estimated cost of $1.5-2 billion and each vessel will be capable of transporting 2,000 passengers, reaching a speed of 29 knots. The ...
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Aker lands sister-company deal
Aker Yards ASA has won a 4 billion nkr vessel deal from newly-formed sister company, Aker Oilfield Services (AOS). The contract involves the construction of four large well intervention/construction vessels, and includes an option for a further two vessels.The value of the contract for the four vessels is approximately NOK ...
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Aker gets DOF AHTSs
Aker Yards has entered into a contract with DOF ASA for building of two AHTS (anchor handling tug supply) vessels, and an option to build another two vessels. The value of the contract is approximately NOK 750 million per vessel which are based on the Aker AH 04 design.The 108 ...
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ABG delivers AHT to UAE
India's ABG Shipyard recently delivered a new AHTS vessel, the LAMNALCO MERLIN, to the UAE offshore support services company, Lamnalco Group. This 53 metre long newbuilding is the sixth vessel to be produced by the yard for Lamnalco and five more are under construction at ABG's yard for the company.
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TBS orders tweendeckers
Bermuda-based TBS International Limited has entered into agreements with China Communications Construction Company Ltd. ("CCCC") and Nantong Yahua Shipbuilding Co., Ltd. ("Nantong Yahua") to build a newly designed class of larger multi-purpose tweendeck vessel in China. The contract calls for six 34,000 dwt vessels with a 10.9 metre draught at ...
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Worlds first hybrid tug
The port of Long Beach in California is sponsoring a new hybrid engine tug project to reduce emissions. "This is exactly the kind of innovation we are looking to help fund with our technology programme," said Harbour Commission President James C. Hankla. The port will contribute $500,000 to the $8 ...
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Vinashin starts construction of handymax
Construction of a 54,000 dwt bulk carrier worth $30 million was started recently at the Ha Long Shipyard, a Vinashin subsidiary in north-eastern Quang Ninh province. The H172 vessel will be 190 m long and 32,26 m wide and was designed by the Science and Technology Institute of Viet Nam ...
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New cat for Orkneys
It was a case of out with the very old and in with the very new as FBMA Marine Inc, the Aboitiz Corp owned shipbuilders based in Cebu, Philippines, recently signed a contract with Pentland Ferries to supply a 70m catamaran ferry for operation from the Scottish mainland to the ...
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MAN B&W signs up Vinashin
The Danish delegation that is currently in Vietnam, witnessed the signing of a memorandum of understanding aimed at concluding a licence agreement between Vinashin and MANB&W for the production of 4-stroke engines and the signing of a shipping line facility agreement between Vinashin and Danish Export Credit Foundation.
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Bourbon undertakes massive fleet expansion
The French offshore shipping company Bourbon is expanding its fleet with next generation, innovative and high productivity vessels to assist its oil industry clients worldwide in developing their continental and deepwater offshore fields. The newbuilding project comprises of three series of modern offshore service vessels totalling 46 units at a ...
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Austal buys Tasmanian shipyard
Western Australia-based Austal Ships has finalized a contract to buy the Margate, Tasmania, shipyard facilities of North West Bay Ships from John Fuglsang Developments Pty. Ltd. and related parties. According to a stock exchange notice published by Austal, the value of the assets is approximately Australian $10 million and Austal ...
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Austal scoops order for ten ferries
Austal has received a multiple ferry order from Venetian Marketing Services Limited (VMSL) for ten 48 metre passenger catamaran ferriesAdding to its fleet of 36 vessels delivered to China / Hong Kong waters, Austal was able to deliver a proven solution and the best overall package. This included meeting a ...
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Lifeboat makers applaud GL service stance
Lifeboat and davit manufacturer Schat-Harding and other leading manufacturers say that Germanischer Lloyd is showing its IACS colleagues a sensible lead in the way it will apply the service provisions set out in IMO MSC1206. "Coming ahead of an IMO meeting which will discuss how MSC1206 should be applied, GL ...
