All Motorship articles in Web Issue – Page 972
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Fincantieri acquires stake in Lloyd Werft
Fincantieri created an international network for refitting and refurbishment services by acquiring a shareholding in the German shipyard Lloyd WerftFincantieri and Bremer Investitions-Gesellschaft mbH (BIG), the service provider for regional and business development in the state of Bremen, have signed an agreement with the current shareholders of Lloyd Werft Bremerhaven ...
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Greeks eye Qatar
Greek shipping companies want to set up fast ferry services between Qatar and neighbouring countries including India, Pakistan and Iran, according to local reports. Ferries would carry trucks and cars as well as passengers. A high-level delegation of businessmen, including shipping industry magnates, is currently in Doha for talks with ...
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L&T bags first shipbuilding job
Larsen & Toubro Ltd (L&T), India's largest engineering and construction conglomerate with additional interests in electricals, has forayed into the shipbuilding business by securing a $98 million contract from the Netherlands-based Zadeko Ship Management CV to construct four ships. The ro-ro/lo-lo semi-submersible heavy lift vessels will be built at a ...
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Wärtsilä and Emerson to form alliance
Wärtsilä Automation Norway, a member of the Wärtsilä group and Emerson Process Management have decided to form a total electrical and instrumentation system alliance for FPSO vessels. This alliance will deliver high-performance power plant and process automation systems for FPSO market incorporating leading technologies from both companies. Dedicated engineering teams ...
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Les Abeilles orders a dozen
In line with its Horizon 2010 strategic plan, the French towage and salvage company Les Abeilles, a Bourbon subsidiary, is expanding its harbour tug fleet by ordering 12 tugs consisting of a series of 8 vessels from the Piriou shipyards in Concarneau (France) and 4 from the Damen shipyards in ...
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Korea Line orders two PCs
Korea Line in South Korea placed an order for two 49,900DWT product carriers with unknown shipbuilder for delivery during first half of 2008 at a cost of approximately $90 million.
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India to select shipbuilding yard sites
With the global shipbuilding sector experiencing an unprecedented boom, the Central government in India has decided to build two world-class shipbuilding yards, one on the west coast and the other on the east coast. For this, the Union Shipping Ministry has appointed a high-level committee of top officials to search ...
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Two offers for Gdansk shipyard
The employees of Gdansk shipyard have submitted an offer to buy the company. The second potential buyer is the consortium of state-owned entities comprising of Energa power distributor and the Agency for Industrial Development (ARP). Each of them would get 50% and Roman Karkosik may join the consortium.
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Reefer duo for Eimskip
Eimskip, subsidiary of Avion Group, has entered into shipbuilding contracts for the construction of two highly sophisticated reefer vessels for a total purchase price of approximately NOK 260 million. The investment is supporting the company strategy to be a supplier of quality services in the North Atlantic and is a ...
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Samsung seals world's largest drill ship
Samsung Heavy Industries in South Korea has clinched an order from Ferncliff Drilling AS in Norway for the world?s largest drill ship costing $550 million. The 300,000DWT drill ship is 228m long and will be delivered in February 2009.
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BAE to pull out of Babcock bid
BAE Systems in the UK is believed to be preparing to walk away from a £700m bid for engineering group Babcock. BAE's interest in the company was fading because of the soaring price of Babcock shares, which have leapt from under 260p to 320p in recent weeks and a strong ...
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MAIB urges immediate action to prevent another Star Princess fire
The lead British agency investigating the March 2006 ?Star Princess? blaze has urged cruise lines to take "immediate action" to prevent catastrophic fires from starting on balconies of cruse ships. The Marine Accident Investigation Branch (MAIB) on 26 April said the fire erupted on the balcony of a cabin on ...
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Woodside plans mega LNG order
Woodside Petroleum Ltd., Australia's second-largest oil and gas producer, plans to order as many as 18 LNG tankers to supply gas to markets including the USA. Woodside, 34% owned by Royal Dutch Shell, may need between four and six tankers to ship LNG from the planned $3.7 billion Pluto gas ...
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Donbass interested in Gdynia shipyard
Donbas, a Ukrainian steel producer, is considering investing in the Polish shipyard of Stocznia Gdynia (SG). Their proposition is expected next week and SG needs $96 million in capital. Donbas has long declared its interest in the Polish shipyard industry.Until recently, an Israeli ship owner, Rami Ungar (20% stake in ...
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European warship contractors pool together
Five major European naval shipbuilders have formed a club to promote synergies in materials procurement as part of broader efforts to reduce costs. The companies, BAE Systems, DCN, Fincantieri, Navantia and VT Shipbuilding Limited, recently signed an agreement setting up the Warship European Procurement (WEP) Club.Procurement represents approximately 60% of ...
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Dalian clinches seven ships
Dalian Shipyard has clinched orders for seven tankers. The shipbuilder has won new order of three 76,000DWT product carriers and four 298,000DWT VLCCs. Delivery of the seven ships will be made during 2009.
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Vinashin to invest in Ca Mau shipyard
Vinashin will invest VND300 billion ($18.9 million) in the construction of a shipyard in the southernmost province of Ca Mau. The shipbuilder has selected a 54 hectare site in the province?s Nam Can District for the new facility, which is to be used to build ships displacing 5,000-10,000 tonnes. Up ...
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Vinashin gets Japanese boost
Vinashin?s subsidiary, Nam Trieu Shipbuilding Industry, last Friday signed a contract to build two 56,200-DWT bulk carriers for Japan?s Itochu Co. Nam Trieu expects to complete the first ship in December 2008 with the second scheduled in May 2009.These two ships are the first in a potential 15-ship series of ...
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Aker inks Indian order
Greatship (India) Limited, wholly owned subsidiary of The Great Eastern Shipping Company Limited, Mumbai India, has confirmed an agreement with Aker Yards, for the building of two PSVs of UT 755 LN type. The contract value is approximately $46.3 million and delivery of the 3,240 DWT newbuildings is scheduled for ...
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Aker on an all-time high
Aker Yards ASA reported an EBITDA of NOK 357 million for the first quarter of 2006, an increase of 125% compared with the first quarter of 2005. The order intake in the first quarter was NOK 14.3 billion, almost a doubling from the previous quarter, giving a total order backlog ...
