All Motorship articles in Web Issue – Page 932
-
News
Ontario truck ferry project moving forward
The idea of launching a truck ferry between Oswego and Hamilton, Ontario, is slowly coming to fruition and could materialize by 2008. "We had a meeting two weeks ago with Marine Link (the company that would operate the proposed truck ferry), the Coast Guard, customs officials, and the Department of ...
-
News
Samsung predicts drop in orders
Samsung Heavy Industries in South Korea said this year?s orders for new vessels and offshore platforms may fall as much as 21% as demand weakens from a record 2006. New contracts may drop to $10 billion from $12.6 billion last year, the Seoul-based company said in an e-mailed statement today. ...
-
News
DNV confirms COSCO?s sustainability credentials
COSCO, China?s major shipping company, has released its first Annual Sustainable Development Report. The report, verified by DNV, covers the three critical aspects of sustainability ? economic performance, environmental protection performance and social impact. "I made a promise on implementation of Global Compact to the former UN Secretary General Kofi ...
-
News
ABG cements new order
ABG Shipyard in Mumbai, India, has secured a repeat order from Gujarat Ambuja Cements (GACL) for the construction of a 4,000 DWT self-loading & unloading bulk cements carrier at a price of $9.90 million. The 97 metre vessel is slated for delivery by end June 2008.
-
News
Repair yard diversifies
Western India Shipyard Ltd has diversified into the lucrative areas of offshore rig repairs and ship building with a view to fully utilize the facilities of its dry dock and wet repair berths at its shipyard at Mormugao Harbour, Goa. The Company main business continues to be on repair of ...
-
News
Samsung doubles steel purchases from China
Samsung Heavy Industries in South Korea will more than double purchases of steel plate from China next year because it can't get enough from suppliers in South Korea and Japan. The company will rely on China next year for 21% of the 5 mm to 20 mm-thick slabs used to ...
-
News
Maersk confirms AHTS deal
Maersk Supply Service has confirmed that it has signed a contract for construction of four multi-purpose anchor handling tug supply vessels (AHTS) with Volkswerft in Stralsund, Germany.The four vessels will be upgraded and updated sister vessels to the A class AHTS previously delivered to the company by Volkswerft. The newbuildings ...
-
News
Worlds top three to maintain record-high prices
South Korea?s big three shipbuilders, Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering and Samsung Heavy Industries plan to keep newbuilding ship prices at record highs for a third year as they seek to shield earnings against dropping orders and higher steel costs. All three yards will book new orders ...
-
News
Garware Offshore in talks with Havyard
The Mumbai-based Garware Offshore Services is in talks with Norwegian shipyard Havyard Leirvik AS over a cross marketing deal involving ONGC and the Shipping Corporation of India. ONGC and SCI need about 28 and 5 new offshore vessels respectively and Garware Offshore has submitted its expression of interest with both ...
-
News
Venture orders second Sevan FPSO
Venture Production plc (Venture), the Aberdeen-based UK independent oil andgas production company, has awarded Sevan Marine ASA in Norway a contract for the provision of a second FPSO to be deployed in its North Sea operations, thereby exercising an option previously agreed between the two companies. The hull and marine ...
-
News
Siem awards Kleven contract
Kleven Verft in Ulsteinvik, Norway, has signed a new contract with Siem Offshore Inc for the building of one new, sophisticated vessel. The contract has a value of $56 million. The vessel is a Multifunctional Platform Supply Vessel (MFPSV) of the MT 6017 design, a Marin Teknikk design developed in ...
-
News
Gujarat shipyard plan has many takers
The state of Gujarat on the west coast of India is set to become one of the world?s largest shipbuilding complexes. While players like L&T, Adani, Pipavav Shipyard and ABG Shipyard are already present in the state, over a dozen new companies are queuing up to set up ship building ...
-
News
Jurong secures FPSO conversions
Jurong Shipyard, a wholly owned subsidiary of SembCorp Marine, has secured two FPSO conversion contracts worth a total of $58 million from Tanker Pacific Offshore Terminals Pte Ltd (Tanker Pacific).The first contract involves the conversion of the 92,802 dwt tanker ?Andaman Sea? which will be renamed ?FPSO Raroa? upon completion ...
-
News
New contracts for H&W shipyard
Significant new contracts are due to be announced Belfast?s Harland and Wolff (H&W) shipyard. The news came as the world?s largest car ferry arrived in the yard?s main building dock for essential repairs and maintenance work.The "health check" on the Irish ferry ?Ulysses? is the first of four being carried ...
-
News
Sadra to build PDVSA quartet
Venezuela's state oil company Petroleos de Venezuela SA (PDVSA) will acquire four oil tankers from Iran, expanding its fleet with the help of a nation closely allied with President Hugo Chavez. PDVSA?s subsidiary, PDV Marina, has ordered the newbuildings from Iran's shipbuilding group, Sadra, at a cost of $277 million. ...
-
News
Beltrame mulls steel plant in Argentina
Italy?s Gruppo Beltrame, Europe?s fifth largest steelmaker, is considering plans to build its first plant outside Europe in Argentina at a cost of about $53 million to manufacture plate for the shipbuilding sector, R?o Santiago shipyard (ARS) said in a statement. The group?s manager Antonio Beltrame last week met with ...
-
News
Iran needs 20 LNG carriers
Iran may need to place orders for 15 to 20 LNG tankers once the South Pars LNG deal goes through, according to managing director of National Iranian Tanker Company (NITC). The purchase is pending upon the final sale and export ratification of NIOC, Iran and Pars LNG contracts in Assaluyeh, ...
-
News
Samsung mulls jv with Russia
Samsung Heavy Industries and the Russian government are proposing to establish a joint venture for an ice-breaking oil tanker business.Samsung is already building three 70,000 DWT ice-breaking oil tankers for Russia's largest state-owned shipping company Sovcomflot, scheduled to be delivered to by the end of 2007.Ice-breaking tankers are considered a ...
-
News
Lauritzen orders more handymaxes
The Danish shipping company Lauritzen Bulkers has recently added four newbuilding contracts to the four Handymaxes already on order at Hakodate Shipyard in Japan. These latest newbuildings are identical 31,900 DWT Handysize sister ships and are scheduled for delivery between 2008 and 2010. "Strategically timed vessel transactions help make us ...
-
News
TOP exercises option
TOP Tankers Inc has exercised its option for two additional 50,000DWT Product / Chemical tankers. As with the previously announced four newbuildings, all the vessels will be sister ships built by SPP Shipbuilding of South Korea and are expected to be delivered during the first and second quarters of 2009.
