All Motorship articles in Web Issue – Page 942
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News
Hyundai Mipo Q3 earnings soar
Hyundai Mipo Dockyard Co., the world's fourth-largest shipyard, said its third-quarter earnings surged 130% from a year earlier thanks to increased ship prices. Net profit amounted to $51.7 million in the three months to 30 September compared with $22.6 million a year ago.Sales jumped 26.6% to $656 million, and operating ...
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Shinpetrol goes for twenty newbuilds
The Dung Quat Shipbuilding has won an order from Vinashin Oil and Gas Investment and Transport Joint-stock Company (Shinpetrol) to build ten 54,000 dwt tankers. The 190-metre long and 32.26-metre wide ships will be built at a cost of more than $20 million each. They will be designed by the ...
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Two Capers for Korea Line
Korea Line has placed an order for two Capesize bulkers for delivery in 2011 and 2012. Total contract price is $140 million. Details of the ship builder have not been revealed.
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Eagle orders two bulkers
Eagle Bulk Shipping in New York has signed contracts with IHI Marine United in Japan for the construction of two Future-56 class Supramax vessels. These 56,000 DWT vessels have a contract price of approximately $33.5 million each and are expected to be delivered in January and February of 2010, respectively. ...
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Black Sea to get big shipyard
The biggest shipyard in the Black Sea region will be built in Trabzon, a city on the coast of northeastern Turkey. The foundation of the ?Yenicam Shipyard? will be laid this month. The new shipyard will cost $28.3 million, employ 5,000 workers and is scheduled to be operational by the ...
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Aker to build worlds largest ferries
Aker Yards has contracted with Stena Rederi in Gothenburg, Sweden, to deliver two innovative super ferries. The value of the contract is approximately $510 million. Deliveries are scheduled for the first and third quarter of 2010 and the order includes options for two further vessels of the same type. The ...
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USC wins AHTS order
Singapore-based CH Offshore Ltd, a subsidiary of Chuan Hup Holdings, has awarded a contract to Universal Shipbuilding Corporation (USC), in Japan, for the building of two anchor handling tug supply vessels (AHTS) at a total cost of $51.2 million. These 68 metre long, 8,993 kW, 150 tonne bollard pull, DP2 ...
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Japanese expand lube production in China
A leading lubricant production center, the largest a Japanese firm has established in China, recently began operation in Guangzhou, south China. . The $17 million Nippon Oil (Guangzhou) Lubricating Oil Co. plant is designed to produce 27 million litres of lubricants per year. Funded by Nippon Oil Corporation, the project ...
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Merwede wins Subsea 7 order
Merwede Shipyard, a subsidiary of IHC Holland Merwede, has received a contract for the design and construction of a new DP diving support/offshore construction vessel forSubsea 7. Merwede Shipyard secured this order to build yard No 713, because of the successful and cost effective cooperation it has with Subsea 7 ...
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USN orders another LPD-17
The U.S. Navy placed a $1.4 billion order for the ?USS Arlington?, a new transport vessel to carry U.S. Marines. The ?Arlington? will be the next ship in the San Antonio-class of amphibious transport dock landing ships. Northrop Grumman Ship Systems will build the ?Arlington? at its shipyard in Pascagoula, ...
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SCI in expansion mode
Shipping Corporation of India (SCI) is planning to place a $502.90 million contract with Korean shipbuilding yards. Out of this, SCI has already signed contracts with South Korean yard STX Shipbuilding to build six 60,000 DWT new long range-I size product tankers for $371 million and scheduled for delivery in ...
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COSCO to double tanker fleet
State-owned China Ocean Shipping (COSCO), has announced plans to double its fleet of large oil tankers to meet increasing demand for crude oil imports in the Mainland. COSCO currently operates eight VLCCs and has another seven under construction. According to a statement from COSCO President Wei Jiafu, 15 VLCCs are ...
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Vietnam gets new coastguard vessel
The Defense Ministry?s Song Thu shipbuilding company in Vietnam launched the country?s largest-ever rescue vessel in Danang city to strengthen rescue work in Vietnam?s central coastal areas. The 3500 DWT coastguard vessel, the ?Vietnam Sea Marshal?, is equipped with state-of-the-art propulsion system, a decompression compartment for divers, and other essential ...
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HHI builds first underwater LNG tanks
The world's largest shipbuilder Hyundai Heavy Industries in Korea has built the world's first underwater LNG tanks. Each measures 155 metres in length and weighs 4,800 tones. The order was placed last year by ExxonMobil, and the tanks can store up to 260,000 cubic meters of LNG. Hyundai declined to ...
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SBM wins Brazil FPSO contract
SBM Offshore in Netherland has recently signed a contract with Shell on behalf of themselves and their partners Petrobras and ONGC for the lease and operation of an FPSO for the development of the BC-10 field offshore Brazil. The FPSO, based on the conversion of a VLCC hull from the ...
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RR contemplates Singapore manufacturing base
Rolls-Royce Group PLC is considering setting up two plants in Singapore for the manufacturing of diesel engines and fuel cells. Rolls-Royce chief executive John Rose has said "We are in discussions about locating elements of manufacturing here." He added "We hope to come to a conclusion on that within the ...
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Bunker barge revives SA shipbuilding
The Durban-based shipbuilder Dormac recently carried out the keel-laying ceremony for a new $8.2 million oil bunker barge commissioned by Smit Amandla Marine. Dormac's empowerment partner, Palisa Investments, owns 25.5% in the company, which procures almost all of its goods and services from black economic empowerment companies. Pim Zandee, the ...
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Doosan buys Mitsui Babcock
Doosan Heavy Industries & Construction in South Korea has sealed a share purchase agreement yesterday with Mitsui Engineering & Shipbuilding Co. in Japan to acquire UK-based Mitsui Babcock Energy Limited, one of the world's leaders in boiler design and engineering. The $169.5 million buyout of Mitsui Babcock's entire equity stake ...
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ASRY delivers newbuild
The Arab Shipbuilding and Repair Yard (Asry) delivered the $5 million service vessel Nakilat-VI, built for the Kuwait Oil Tankers Company (KOTC). Building the vessel was a matter of pride for Asry, since it showed its abilities to execute a newbuilding project.The newbuilding was developed in conjunction with KOTC, in ...
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Aker integration process progressing
Aker Yards has announced its new business model for its shipyards in business area Cruise & Ferries. The new business model, presented to the management and employee representatives, is the result of a 100 days integration process in which 12 task forces in France and Finland have analysed the two ...
