All Motorship articles in Web Issue – Page 925
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News
Cosco posts rise in earnings
Chinese shipbuilder Cosco has recorded a 28% rise in full-year earnings to $133 million. The earnings were buoyed by strong contributions from its ship repair and marine engineering operations. Meanwhile, revenue jumped 39% to $778 million as the shipbuilder moved up the value chain to focus on high-yield projects. During ...
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TOTAL set to build FPSO
Total, the French oil giant, is to construct a large billion-dollar floating production, storage and off loading vessel for its Usan field in the deep offshore region off Nigeria. The Usan field is set to contribute towards attaining Nigeria?s target of four million barrels per day of crude by the ...
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SLS to build block factory
SLS Shipbuilding in South Korea signed an MOU on the construction of a block factory in Gunsan. The shipbuilder will invest $181 million to construct the factory which will be completed by the first half of 2008. SLS is mainly building product carriers and chemical tankers.
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Erika trial begins
The French oil giant Total is among 15 groups and individuals that have gone on trial today over the ?Erika? disaster. Bringing the charges are no less than 74 plaintiffs. One of them is the chairman of the Vendée regional council, one of the worst affected areas of the catastrophic ...
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Battle for Canadian navy contract
The project for the construction of three naval ?Joint Support Ships? for the Canadian Government at a price tag of $2.1 billion is approaching decision time. On top of that, the project involves a 20-year servicing contract valued at $800 million. The federal government began a bidding process two years ...
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Maersk orders PCTC quartet
Copenhagen-based A.P. Moller-Maersk A/S has ordered four PCTCs (pure car and truck carriers) from China's Xiamen Shipbuilding Industry. The Danish shipowner has an option for delivery of another four ships of the same type, which can transport 4,900 cars each. Xiamen will deliver the ships from 2010 through 2012.On 1 ...
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Garware signs MOU with Havyard Leirvik
Garware Offshore Services in Mumbai, India, has signed a Memorandum of Understanding (MOU) with the Norwegian shipbuilder Havyard Leirvik AS for exclusive representation for the marketing and sale of ships built by Havyard Leirvik A.S. and Ship Designs produced by Havyard Maritime A.S., a part of the Havyard Group to ...
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Shipowners in order frenzy
According to London-based Clarkson, shipowners ordered new vessels worth a record $105.5 billion in 2006. The trend has been spurred by tanker owners keen to upgrade their fleets ahead of IMO single-hull tanker deadlines that kick in at the end of the decade. In its monthly World Shipyard Monitor, the ...
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Philly delivers first product tanker
Aker Philadelphia Shipyard has delivered the lead-ship in a16-ship series of product tankers. The 185 metre MT46 Veteran Class ?Overseas Houston? now becomes the first ship leased to subsidiaries of Overseas Shipholding Group, Inc. (OSG).Originally announced in April 2005 with a series of 10 ships, the build program is part ...
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Tyneside sets up shipbuilding design centre
A £2.3 million International Marine Design Centre is expected to open in Newcastle, UK, next month after regional development agency One Northeast agreed to back a project. It is hoped the centre will help bring in £100million of new contracts into the marine and defence sectors by 2016.The centre will ...
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More problems on BP tankers
BP PLC has reported more problems with its new fleet of 185,000 DWT oil tankers after a scramble to repair cracked rudders and faulty anchors. One of the bollards used to secure mooring and tug ropes sheered off on the ?Alaskan Navigator? in September as a tug pulled it toward ...
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Three short-sea traders for Ukraine yard
Aker Yards in Ukraine (Damen Shipyards Okean) has been awarded a contract for delivery of three 6,355 dwt multi-purpose short-sea vessels by the Ukrainian shipping company JSSC "Ukrrichflot". The yard has previously built six vessels in the same series for the company, and an additional three vessels are currently under ...
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Record profit for Pan-United
Singapore-based Pan-United Marine has booked a record full-year profit of $36.7 million thanks to a healthy newbuilding order book and higher valued ship repair and conversion jobs. For the three months to December alone, it booked an income of $9.3 million which is four times higher than the same period ...
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Penglai and Tsuji win new orders
Penglai in China clinched two 5,800 dwt chemical tankers from Wisby Tankers for delivery during 2008. Ship price per unit is $15 million. Tsuji Heavy Industries secured two 29,000 dwt bulk carriers from a Japanese interest. They will be delivered during 2009 and will cost $25 million each. Ugland & ...
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ECO newbuild campaign
The US-based Edison Chouest Offshore (ECO) plans to build several new anchor handling towing supply vessels (AHTS), as well as more than a dozen new generation 280-ft. platform supply vessels (PSV) in its affiliated shipyards in the US. All vessels are scheduled to join the ECO domestic fleet within the ...
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Aker gets six more OSG tankers
Aker American Shipping ASA and Overseas Shipholding Group, Inc. have signed an agreement in principle whereby Aker American Shipping subsidiary, Aker Philadelphia Shipyard, will construct up to six additional Veteran Class MT-46 Jones Act Product Tankers (three fixed plus three options. These 46,000 dwt tankers will be transferred to another ...
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Vinashin Damen JV
Vietnam Shipbuilding Industry Group (Vinashin) and the Damen Shipyards Group from the Netherlands, which operates 32 shipyards around the world, have signed a joint venture contract. Together they will establish the Damen Vinashin Shipyard (DVS) in Haiphong. The area of the shipyard comprises of 42 hectares with a 500 metre ...
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Chipolbrok clinches crane-vessel deal
The Chinese-Polish Joint Stock Shipping Co, (Chipolbrok), has signed a contract to build six more crane-equipped vessels. The move comes as the company expands its fleet to capitalize on the rising demand of project cargo transport, and prepares for intense competition.The world leader in project cargo transport will pay 2.3 ...
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Dutch consortium developing hydrogen boat
Recently, Fuel Cell Boat BV, a consortium of Dutch companies, came to an agreement to develop and build the world?s first commercially operated hydrogen powered boat. This vessel will be used in Amsterdam for commuter services. The great advantage of this hydrogen boat is that it is environment-friendly and produces ...
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USCG authorizes DNV to inspect floating offshore units
The US Coast Guard (USCG) has authorized DNV to carry out plan reviews and inspections on its behalf of all types of offshore units which are operating on the Outer Continental Shelf (OCS), regardless of flag.The USCG has completed an in-depth review of the regulations under the US Outer Continental ...
