All Motorship articles in Web Issue – Page 937
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News
James Fisher acquires FT Everard
James Fisher, the UK?s leading provider of marine services, has acquired the UK-based short sea operator FT Everard for a total cash consideration of approximately £23.7 million and the assumption of £28.0 million of debt.FT Everard currently operates 11 CPP tankers, 9 of which it owns, with four further tankers ...
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Nico plans Kazakhstan yard
UAE-based Nico International has signed a joint venture agreement to build a ship repair yard in Kazakhstan and also has plans to set up a shipbuilding facility in the Central Asian nation.Nico and Almaty-based oilfield service firm Caspian Services Inc and Kazmortransflot, the national marine company of Kazakhstan, will invest ...
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Horizon gets first of five newbuildings
The US shipping company Horizon Lines announced today it took delivery of its first new containership, the ?Horizon Hunter? from the Hyundai Mipo shipyard in South Korea. The newbuilding is the first of five new, US-flag, foreign built, sister vessels that the company is chartering from subsidiaries of Ship Finance ...
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Turkish delight for Flensburger
U.N Ro-Ro, Istanbul, awarded contracts to Flensburger Schiffbau-Gesellschaft for two 3,735 lane metre RoRo vessels. The Turkish company has already ordered twelve vessels from Flensburger, of which ten have been delivered to date. Together with these two newbuildings U.N Ro-Ro has ordered in total 14 ships at Flensburger-Schiffbaugesellschaft. This is ...
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Daehan wins European order
Daehan Shipbuilding Co, a South Korean shipbuilder, has won a $590 million order to build eight ships for a European company. Daehan, which is building a shipyard in the south-western part of the Korean peninsula and another in Indonesia, will build eight 175,000 DWT Capesize bulk carriers. Although the shipbuilder ...
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Wärtsilä-run consortium to develop methanol fuel-cells
The EU has chosen a research consortium coordinated by Wärtsilä to receive a EUR 1.0 million grant to develop the use of methanol-consuming fuel cells to provide electrical power to marine vessels. The project is entitled "Validation of a Renewable Methanol Based Auxiliary Power System for Commercial Vessels" (METHAPU). The ...
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Heung-A orders chemical tanker
Heung-A Shipping in South Korea placed an order for a 11,500DWT chemical tanker with a Japanese shipbuilder. Contract price is $29 million and delivery is January 2011. The shipping company also has two chemical tankers on order at Nokbong Shipbuilding in Korea.
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Cebu teams up with Dutch shipbuilder
The Shipyard Association of Cebu (SAC) has entered into a technical agreement with the Dutch shipbuilder Damen Shipyards, Gorinchem, to construct four double-hulled oil tankers for delivery by 2008.The partnership will allow the eight-member SAC to meet an expected surge in demand for double-hulled tankers by April 2008, the government's ...
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Vinashin building Norwegian PCTCs
Höegh Autoliners of Norway has entered a long term strategic co-operation with Vietnam Shipbuilding Industry Corporation (Vinashin) including the construction of four large pure car truck carriers (PCTC) with options for four more. The cooperation provides for technology transfer and includes participation by Det Norske Veritas and the Finnish ship ...
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Foreign navies interested in LCS
The U.S. Navy said that foreign governments have expressed interest in buying into the new Littoral Combat Ship (LCS) program, creating the potential for the first foreign sale in 30 years of a U.S.-made military ship. A US Navy spokesman said there's interest in both the General Dynamics Corp. (GD) ...
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NGC receives approval for FT radars
Northrop Grumman Corporation has received type approval from the U.K. certification body QinetiQ for its new-generation marine radar systems. The QinetiQ type approval certifies that the new Sperry Marine VisionMaster FT radars conform to the technical specifications and performance standards of the United States Coastguard as well as the International ...
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Philippines plans fleet expansion
The Philippine government intends to borrow $1 billion from the Japanese government to develop the shipping industry, Economic Planning Secretary Romulo Neri said recently. The loan would come next year from the Japan Bank for International Cooperation (JBIC), the Philippines? biggest source of official development assistance, as part of the ...
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EMEC welcomes EP report
The European Marine Equipment Council (EMEC), which represents more than 1,250 companies across Europe in the marine equipment sector, welcomes the draft EEuropean Parliament (EP TRAN) committee report from Luis de Grandes Pascual MEP, on the Commission?s Draft Classification Societies? Directive. The amendments proposed by the Rapporteur in the TRAN ...
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Domestic yard loses survey vessel
Uncertainty again hangs over Appledore Shipbuilders in England with the loss of a hoped-for £30 million order which has been awarded to a Norwegian shipbuilder and sparking a Transatlantic row.Following the loss of this order, a local politician has condemned the role of KBR, the American owners of Appledore's parent ...
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Halifax loses out on navy contract
A consortium trying to land a large shipbuilding contract in Halifax, Canada, is out of the running, a spokeswoman for one of the companies in the syndicate said. Irving official Mary Keith said the consortium learned last week that its proposal for the contract for Canadian navy ships was knocked ...
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STX clinches three PCs
STX Shipbuilding received orders for three 50,400 DWT product carrier. One vessel was ordered by ETA (Emirates Trading Agency) in Dubai for delivery in 2009. Ship particulars are a length of 183m, breadth of 32.2m and depth of 19.1m with service speed of 15.2 knots. The second order was from ...
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EPS thruster wins DMI award
The revolutionary EPS thruster by Van der Velden Marine Systems has won the 2006 Dutch Maritime Innovation (DMI) award. This completed a successful year for the EPS thruster which was already well respected after winning the DAME award at METS 2005 For the DMI award, the EPS thruster faced stiff ...
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Labuan can do it
BAE Systems, which recently received a Letter of Intent to provide two frigates for the Royal Malaysian Navy (RMN) via an industrial partnership with Labuan Shipyard & Engineering Sdn Bhd (LSE), believes that the local firm can undertake the job once it has readied itself. LSE has been appointed by ...
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Continued growth for Korean shipbuilding exports
Korea's shipbuilding exports will gain 6.1% every year on average for the next 10 years thanks to its technological edge and brisk market, said a London-based market research unit. Having posted an annual two-digit growth since 1996, the nation's shipbuilding exports are projected to jump from $17.7 billion last year ...
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Quintana takes delivery of Coal Gypsy
The Greek shipping company Quintana Maritime has taken delivery of a Kamsarmax bulk carrier ?Coal Gypsy? from Tsuneishi Shipbuilding in Japan. The 82,300 dwt newbuilding is the ninth of fourteen Kamsarmax vessels the company has agreed to acquire from Metrobulk. Quintana Maritime has to date taken delivery of eleven vessels ...
