All Motorship articles in Web Issue – Page 994
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News
Daehan goes for expansion
Daehan Shipbuilding in South Korea will start the construction of a 29.97 acres new shipbuilding facility in Haenam and the development will consist of two stages. The first stage will cost W 90 billion and will be completed by early 2007 enabling the shipbuilder to build annually 12 ships of ...
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Prosafe wins Kiwi contract
Prosafe ASA's wholly-owned unit Prosafe Production Services Pte Ltd has won a $178m contract from New Zealand Overseas Petroleum Ltd. The New Zealand company will lease a Flotation Production Storage and Offloading (FPSO) vessel for five years, with five one-year options for renewal. Prosafe will convert the Suezmax tanker ?Ionikos? ...
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Asry projects big gains
The net profit of the Arab Shipbuilding and Repair Yard Company (Asry) is expected to reach $6.4 million this year while the net operating income is projected to reach $106m, compared with $93m last year.The projections were made after the company's board of directors reviewed the results for the year ...
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Aker and Viking sign LoI
Aker Yards and Viking Line have signed a letter of intent for delivering a passenger ferry in January 2008. The contract value is within the range EUR 110-130 million.The agreement includes options for two similar vessels. Aker Yards is planning to build the vessel in Finland, at its yard in ...
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Emission monitoring for Qatar LNG carriers
Martek Marine Ltd (UK) have secured the world¹s first contract for supply ofNOx/SOx/CO2 emissions monitoring systems for a series of new LNG carriers under construction at DSME in South Korea. The vessels are being built on behalf of the German owner PRONAV for the Qatar Gas II project and the ...
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Bermuda orders fifth fast ferry
Bermuda has signed a contract for the construction of a 350-passenger high speed ferry for a new Hamilton to St. George's route. The 38.15 metre-long vessel, which is being built by Derecktor Shipyards in Bridgeport, Connecticut, will have a top speed of 33 knots and will be ready for service ...
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First tranche of frigate deal signed
Armaris, a 50-50 joint venture between Thales and the French state shipyard DCN, said it has been notified by European Union authorities that the first tranche of an 11 billion euro contract it will share with Italy's Finmeccanica to build 27 naval frigates has been signed. A spokesman said the ...
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Fabricius cuts deal with Vinashin
Further to our earlier report (see 15 November) that Danish shipowner Fabricius had placed its first shipbuilding contract with Vietnam?s shipbuilder Vinashin, further details have now emerged about the contract for a small-sized vessel. The contract for the 2,500 DWT container ship is worth $5 million and the 67 metre ...
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MHI?s UE engines to be built in Vietnam
Mitsubishu Heavy Industries (MHI) aims to promote further penetration of its UE engines into the Vietnamese shipbuilding industry, which is expected to grow rapidly amidst the current boom in international shipping. Nguyen Quoc Anh, deputy general director of Vinashin, said that under the agreement, MHI would provide Vinashin with the ...
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Baosteel may cut prices
Baoshan Iron and Steel Co. Ltd. (Baosteel), China's largest steel maker, will cut steel prices for the first quarter of 2006 in an effort to compete with domestic rivals. Baosteel is rumoured to be considering dropping its steel price by $50 to $80 per tonne on average for the first ...
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Carrier work for BAE
The jobs of hundreds of Scottish shipyard workers looked more secure today after it emerged that BAE Systems is set to grab the lion's share of a £3.5 billion carrier contract.It follows a new agreement to divide "roles and responsibilities" on the project to construct two 65,000-tonne aircraft carriers for ...
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Servomex gas analyzer meets USCG requirements.
Callidus Technologies, the Tulsa-based combustion and environmental protection specialist, has purchased several systems utilizing two Servomex 1900 oxygen analyzers and a sampling system meeting the strict U.S. Coast Guard (USCG) requirements for monitoring ships being loaded with volatile liquids at marine terminals. The Servomex system provides accuracy, reliability and speed ...
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WW returns to MHI for two more
Wilh. Wilhelmsen ASA (WW) has placed an order with Mitsubishi Heavy Industries (MHI) for two additional car carriers at the yard in Nagasaki, Japan, for delivery in 2008. The ships will be sisters to the six Pure Car and Truck Carriers (PCTC) WW has already ordered at Nagasaki, of which ...
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Gulfmark newbuildings for Keppel Singmarine
Keppel Singmarine has clinched a contract worth $135 million to build six Anchor Handling Tug/Supply (AHTS) vessels for Gulfmark Offshore, Inc. Two of these six 10,700 bhp AHTS vessels of 2,700 dwt each will be built in the Keppel Nantong Shipyard and is the first contract for Keppel?s newly ...
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Small Danish For Vinashin
The Viet Nam Shipbuilding Industry Corporation (Vinashin) signed a contract to build a 2,500 DWT container ship for Denmark?s Fabricius marine company. The vessel, worth $4.3 million, is scheduled to be delivered in late 2006. Speaking at the signing ceremony, Danish Ambassador to Viet Nam, Peter Lysholt Hansen, said he ...
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MSDC floats east coast shipyard plan
The Maritime States Development Council (MSDC) in India has decided to invite suggestions and recommendations for setting up of two international size shipyards - one on the east coast and another on the west coast.
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Alstom sells its power conversion activity
Alstom has closed the sale of its Power Conversion activity to Barclays Private Equity.Alstom Power Conversion specialises in the supply of systems and equipment which convert electrical energy into mechanical energy, such as drives, controls, motors and generators. This activity recorded sales of over ?500 million during the past fiscal ...
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Bharati acquires Pinky
Bharati Shipyard Limited, one of the largest private sector shipyards in India, has announced that it has completed the acquisition of M/s Pinky Shipyard Pvt Ltd. Following this, the company holds 51% of the share capital of M/s Pinky Shipyard which has become a subsidiary of Bharati Shipyard. This shipbuilder ...
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MHI licenses technology to Vietnam
Mitsubishi Heavy Industries (MHI) has signed an agreement under which it will license its low-speed diesel engine technology to Vietnam's state-owned shipbuilding company.Under the agreement, MHI will provide Vinashin with the licensing rights to manufacture its large-sized diesel engines for 10 years until 2014. The accord also encompasses marketing and ...
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Maersk planning ultra large ship
Maersk is poised to tighten its stranglehold on container shipping with a new generation of container ships able to carry up to 15,000 TEUs, according to Paris broker Barry Rogliano Salles. The first of this revolutionary series, probably a shortened version, will be delivered in early 2006, giving Maersk a ...
