All Motorship articles in Web Issue – Page 944
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News
New drillship deal for FOE and KNOC
Fred Olsen Energy ASA (FOE) has entered into an agreement of intent with the Korean state owned oil company, Korea National Oil Corporation (KNOC) of South Korea, to request proposals for the construction of a jointly owned new-build ultra deepwater drillship. FOE`s wholly owned subsidiary, Dolphin Drilling Ltd., will in ...
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Proposed Chicalim shipyard stopped
The Coastal Regulatory Zone Management Authority (CRZMA) has clamped down on the controversial shipyard project at Chicalim, near Goa in India, by ordering the stoppage of work, seizure of material and issuing of a ?show cause notice? under the CRZ to the shipyard.A report by the South Goa Collector indicated ...
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Dung Quat building Vietnam?s largest tanker
The Dung Quat Shipbuilding Industry Corporation has begun building a 104,000 dwt oil tanker named "Dung Quat 01", the largest of its kind to be built in Vietnam so far. The construction, which uses technology from Poland, will be supervised by the American Bureau of Shipping (ABS). Technical experts from ...
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Samho clinches four box ships
Hyundai Samho Heavy Industries has clinched four container ships at the price of $330 million. Ship owner is based in Asia and they will be delivered by September 2009.
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Laird's blamed for its collapse
The UK shipbuilder Cammell Laird has been blamed for the failure of a deal that led to the firm's collapse. The shipbuilder called in receivers in 2001 after a £50m contract to lengthen the Italian cruise ship ?Costa Classica? fell through.Cammell Laird claimed that it had already built the hull ...
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Aegean orders bunker tankers
Aegean Marine Petroleum in Greece signed a newbuilding contract for seven double hull bunkering tankers of 6200 dwt, with Qingdao Hyundai Shipbuilding Co. Ltd. in China. The shipyard is majority owned by Korea?s HHI.The newbuildings will be classed by DNV and, upon completion, will receive the class notation +1A1 Tanker ...
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ABG in oil rig deal
ABG Shipyard in India has entered into a technical collaboration with Friede & Goldman of the U.S. for manufacturing offshore oil rigs at Dahej in Gujarat. The agreement was signed in October and the yard plans to start constructing offshore jack-up rigs by the end of 2007. ABG has a ...
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Varun in spending spree
Mumbai-based Varun Shipping said it will invest $445 million to expand its fleet of tankers, gas carriers and offshore vessels over the next 6-8 months, a senior official said.The company, which has its secondary listing offer in Singapore on hold, plans to raise $52 million through a preferential equity issue ...
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Italians and Ukrainians invest in Stocznia Gdansk
The Italian company FVH is considering buying shares worth 5.2 million Euro in the Polish shipyard of Stocznia Gdansk and another stake will be acquired by Ukrainian Donbas.FVH operates in LNG sector and may become the owner of the shipyard. FVH could order small and medium-sized LNG carriers from the ...
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Cosco's profit up
Cosco has reported a 26% jump in its third quarter on strong contributions from its ship repair and marine engineering business. For the three months to September, it booked earnings of $46 million. The figures include a one-time exceptional gain from the sale of three bulk carriers. Income for the ...
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Novatug establishes consultancy
Novatug, the Rotterdam-based specialist behind the design of the revolutionary Carousel towing system for tugboats, has established an international tugboat equipment sourcing consultancy for vessel owners and shipyards.Rolf Kievits, general manager of Novatug, says, "There are huge shortages of certain types of equipment in today?s market. But Novatug is in ...
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P&I club heat warning
The North of England P&I club has warned shipowners of the increasing risk of officers and crews suffering potentially fatal heat illness as global temperatures rise and ships work harder. In the latest issue of its loss-prevention newsletter 'Signals', the club reports there have been a number of recent cases ...
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IHI delivers Japan's largest boxship
Kawasaki Kisen Kaisha, Ltd. ("K" Line) has taken delivery of the new 8000TEU container vessel ?Humber Bridge? at the Kure Shipyard of IHI Marine United. This is the largest containership ever built in Japan. She is the lead-ship in an eight-ship series on order with IHI Marine United Inc. The ...
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Swan has sunk
The cranes at the Swan Hunter yard have been sold, ending nearly 150 years of shipbuilding. Owner Jaap Kroese, 67, confirmed the sale, which comes just three months after the world-famous Tyneside site shut with the loss of 800 jobs. The Dutch multi-millionaire, who rescued the yard from the receivers ...
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STX wins six PCs
STX Shipbuilding has won six LR1 product carriers from the Shipping Corporation of India at a total price of $373 million. They will be delivered by July 2010.
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Italy may sell Fincantieri shares
The Italian government is considering selling shares in Fincantieri, the country's largest shipbuilder, which may raise about 750 million euros ($951 million) as Prime Minister Romano Prodi divests government assets to cut debt. The Prodi government may sell about half of Fincantieri in the first six months of 2007 in ...
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Russia, France expand naval cooperation
Russia's state arms exporter and a French defense company signed a cooperation document during an international arms show in France. Rosoboronexport and DCN signed a letter of intent aimed at establishing and developing export and technical cooperation in the naval sphere, particularly in R&D and the design of combat ships ...
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New contract for rejuvenated yard
A shipyard which came back from the brink of death is celebrating fresh contract success. McNulty Offshore has clinched another lucrative order to help safeguard some of the 850-strong workforce at its South Shields yard.About 100 workers were laid off last week as the Maersk Oil owned FPSO ?Global Producer ...
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China into VLCCs
China's major ocean shipping business, China Shipping Group Company (CSGC), signed a contract to build four VLCCs. The four 308,000 DWT vessels will be built by China State Shipbuilding Corporation (CSSC). CSGC will have 12 VLCCs by 2010 giving a total carrying capacity of 8 million tonnes. Currently, CSGC has ...
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Severnav blighted by Danube
The Romanian shipbuilder Severnav Drobeta Turnu Severin made 840,000 Euro profit in the first nine months of the year, against about 73,000 Euro in the corresponding period of last year.However, the company's turnover suffered a 66% drop to 4.32 million euros compared to the 12.5 million euros for the same ...
