All Motorship articles in Web Issue – Page 961
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News
Baoshan building Shanghai plant
Baoshan Iron & Steel Co, China's largest steel mill, started construction of a $750 million project to make special alloy plates and coils in Shanghai. "This is to meet the growing demand from such industries like aerospace, shipbuilding, nuclear power plants and large-scale oil and gas field exploration, all of ...
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SembMarine bags gas platform
SembCorp Marine in Singapore has clinched a contract to build a gas production platform to be installed offshore in Brazil. The deal is worth $550m and the platform will be built by its Brazilian shipyard Maua Jurong for Companhia Mexilhao do Brazil. Construction of the gas platform will start immediately ...
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Samsung and Atlantico sign technology contract
Samsung Heavy industries and Atlantico in Brazil signed a $14 million contract of technology support including construction and operation of shipbuilding facility and ship design.Atlantico will build a 360 metre drydock at Suape Industrial Complex in Brazil by 2008 for a total investment of $200million. Samsung will provide lay-out of ...
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STX mulls project in Vietnam
The South Korean shipbuilder STX is mulling a project to develop a large-scale shipyard in the coastal central province of Khanh Hoa in Vietnam that should be able to build giant vessels of up to 400,000 dwt, a local official said.A source from the provincial Service of Planning and Investment ...
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Veder seals LNG order
Dutch shipowner Anthony Veder has ordered its first LNG tanker. Using a relatively small ship, the Rotterdam-based shipping company wants to provide a regional LNG feeder service from the large import terminals. The 7,500-cbm ship has been ordered on the back of a long-term contract with Norwegian LNG distributor Gasnor. ...
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Hanjin, TransCo sign MOU
The National Transmission Corporation (TransCo) recently signed a memorandum of understanding with Hanjin Heavy Industries & Construction (HHIC) for the direct power connection of Hanjin's shipbuilding facility to be built inside the Special Economic Zone in Castillejos, Zambales inside the Subic Bay Metropolitan Authority (SBMA) complex. Hanjin expects to generate ...
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Fram on track
Norwegian Coastal Voyage's ?MS Fram?, currently being built by Italian shipbuilder, Fincantieri, is on schedule for its maiden voyage in April, 2007. The 12,700-ton, 328-berth, eight-deck ship, the first cruise ship built exclusively for sailing in Greenland from May through September, makes significant use of the country's culture as inspiration ...
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Mobile shipyard purchase expected
Lehman's New York-based firm, J.F. Lehman & Co., is expected to complete the purchase of the US shipbuilder Atlantic Marine Holding within a few weeks, according to a spokesman for Atlantic Marine. Since its 1992 founding, J.F. Lehman has acquired 13 maritime, defence and aerospace companies through $1.2 billion in ...
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SK expands fleet
SK Shipping in South Korea has placed an order for two 318,000 dwt double hull VLCCs. Total contract price is $250 million and delivery is scheduled for second half of 2009. The company also ordered two 105,000 dwt product carriers at the price of $130 million with delivery in first ...
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Chinese yard is number five
A Chinese shipyard leaped to fifth position in the global shipbuilding industry in terms of order backlog for the first time, posing a potential threat to South Korean shipyards currently holding a third of the backlog worldwide according to a Yonhap News Agency report. As of the end of June, ...
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DNV says China needs more VLCCs
China will need 40 to 50 additional VLCCs over the next five years due to the increase in the country's crude oil imports and exports, an industrial insider said on Thursday. Henrik O. Madsen, President of Det Norske Veritas (DNV), predicted that China's ship-building capacity will quadruple by 2015, and ...
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Frontline buys Suezmax newbuildings
Bermuda-based Frontline has entered into a contract with Jiangsu Rongsheng Heavy Industries Group in China for delivery of two 153.000 dwt Suezmax newbuildings. The vessels will be delivered in November 2008 and February 2009 and Frontline has also secured options for further 2 + 2 similar Suezmax newbuildings. The contract ...
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NASSCO to build product tankers
USS Product Carriers LLC, a newly created wholly-owned subsidiary of U.S. Shipping Partners LP, has entered into a contract with the National Steel and Shipbuilding Company (NASSCO), a subsidiary of General Dynamics Corporation, for the construction of nine 49,000 dwt double-hulled tankers, and the option to construct five additional tankers. ...
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Aker clinches another DOF contract
Aker Yards has signed a contract with DOF ASA, through its subsidiary DOFCON ASA, for the building of a large construction vessel. The value of the contract is approximately $114 million and the new vessel will be built by Aker Yards in Brazil, with planned delivery May 2009. This newbuilding ...
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VLCC for MOL-Sinotrans
Mitsui O.S.K. Lines (MOL) has signed an agreement under which M.S. Tanker Shipping Limited, a joint-venture company with Sinotrans, will own a newly built double-hulled Malacca-Max type VLCC. The 310,000 dwt tanker is being built at Mitsui Engineering & Shipbuilding in Japan for delivery between March and May, 2008.
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Izar sold to local shipbuilders
More details have now been received regarding the sale of IZAR. Spain's government has now agreed to sell three shipyards to local shipbuilders as part of the privatization of troubled shipbuilding company Izar. In a press release, Spanish government holding company SEPI confirmed it agreed to sell the Sestao yard ...
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Izar goes private
The long drawn out privatization process of the Spanish shipbuilding company IZAR was finalized yesterday when the state-owned holding company Sociedad Estatal de Participaciones Industriales (SEPI) announced the sale of the shipyard facilities in Sestao, Gijon and Seville. Industry reports state that the buyers are private interests including the Danish ...
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Samsung clinches drillship
Samsung Heavy Industries clinched an order for a drillship from a European shipowner. Contract price is $583 million and delivery is scheduled for June 2009.
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Cameroon shipyard project progressing
Construction work on the Limbe shipyard project in Cameroon is expected to be completed in December 2007. This was one of the revelations of a two-day adhoc committee meeting in Limbe during which the management of the Limbe Shipyard Project reviewed and evaluated the different levels of execution of the ...
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BAE gets Malaysian boost
BAE Systems has received a Letter of Intent (LoI) from the Government of Malaysia for the procurement of two frigates for the Royal Malaysian Navy (RMN). The project represents a highly significant industrial partnership between the Malaysian and British maritime industries. BAE Systems, through its Naval Ships business, based in ...
