Jinse Shipbuilding Co., a recent addition to the Korean shipbuilding industry based in Busan, will use AVEVA Marine to build its first ships. Jinse received orders for 32,000-dwt and 180,000-dwt bulk carriers, with the former due to be delivered by early 2008. “The onus is on us to build high quality ships in the most efficient manner,” said Kim Tae Hyoung, Director of Jinse Shipbuilding Co. “We believe that AVEVA Marine will lead to higher production accuracy, savings in calendar time and less rework.”
TEN, the New York quoted Greek tanker company controlled by the Tsakos family, confirmed it has bought for nine ice class 1A tankers from Western Petroleum for $530 million. The fleet consists of six 53,000-dwt medium range chemical/products carriers delivered by Hyundai Mipo Dockyard last year and three 116,000-dwt coated aframax products carriers for delivery from Hyundai Heavy Industries in May August and October this year
Unitor, Norway's international ship supply specialist, has garnered its largest ever single order for ships equipment with a $6.8 million contract from Poland's Stocznia Szczecinska SA (Szczecin Shipyard) for nitrogen generator systems for eight 40,000-dwt chemical tankers under construction at the yard. The order encompasses the delivery of Unitor's 35-ton, hollow-fibre, air separation nitrogen generator system, to each tanker comprising four 360 kW compressors and nitrogen generators
Bergesen d.y. Group ASA exercised an option to buy two more VLCCs from Japan's Hitachi Zosen Corp. The total option price for the 296,000 dwt vessels is about $131.7 million. The two vessels will be delivered in March and May, 2001. Bergesen also announced that it has bought oil/ore carrier Grand Phoenix for $23 million. The 291,000-dwt carrier, built in Japan in 1986, will be delivered by the end of March.
Through its subsidiary, Cory Towage Limited, The Wijsmuller Group has been awarded a contract for marine services at the Ash Shihr oil export terminal in Yemen for Canadian Occidental Petroleum Yemen, which is familiarly known as CanOxy Yemen. The Ash Shihr terminal deals with crude originating inland, which is piped to the terminal storage tanks from where it is then pumped to loading tankers at the single point mooring buoy (SPM) - three miles offshore
Providing ship repair, conversion, new construction and related services for barges and other vessels, FirstWave/Newpark Shipbuilding has garnered three new contracts. Pleiades Shipping Agents awarded the company for collision damage repair of 55,000-dwt vessel, MT Nestos. The ship, which sustained damage on its port side near the bow and just above the waterline, underwent repairs at the company's East Pelican Island facility.
Although long in the vanguard of containership technology, Germany's Hapag-Lloyd did not feel compelled to join the early rush towards vessels of wider-than-Panamax gauge. Once the prudent Hamburg company decided to embrace the concept, however, it opted for one of the largest and most powerful embodiments of the post-Panamax genre to date. Its planned commissioning this fall of the first of a new breed of 7,500-TEU linehaul carrier follows recent years' heavy investments in
Considerable effort, particularly following the oil embargo of the 1970s, has been placed on reducing the fuel oil consumption of ships, a task readily handled by a series of improvements in hull shapes, the fitting of energy savings devices, and improvements to the performance of main engines. A group of engineers from the Tsu Research Laboratories — Koichiro Matsumoto, Kazuyoshi Hirota and Kenji Takagishi - however, noted that while performance in still water was gaining, other factors
According to Today's Zahman, Black Sea sees shipbuilding boom, Mediterranean springs a leak More than 90 percent of world trade is conducted through sea shipping, making shipbuilding one of the fastest growing industries in the recent boom in global trade, which has grown on average by more than 5 percent annually. As a natural consequence of Turkey being a peninsula located at a strategically central position close to many wealthy European markets
Navigation Maritime Bulgare (Navibulgar), the nationally owned Bulgarian shipping company, has confirmed its acquisition of Varna shipyard, which has been in administration since January. Payment of the purchase price of $16.1 million was completed on 8th April and gives Navibulgar ownership of the assets of the yard. The transaction does not involve Navibulgar taking over any existing debts. Navibulgar has stated that it intends to complete work in progress on vessels under construction at
Ultra-long-stroke units play leading role in major Teekay fuel-efficient tanker project. STX Offshore & Shipbuilding announced on April 8, 2013 that it had signed a contract to build four 113,000-dwt Long Range 2 (LR2) product tankers for Teekay Tankers Ltd
With a family of three yards located along the Gulf of Mexico in Alabama, Mississippi and Texas, Signal International offers new construction, rig and ship repair, offshore and technical services. Marine construction and repair needs are complimented by three dry docks; a 30,000-ton lift rig dock
International accountant and shipping consultant Moore Stephens says total annual operating costs in the shipping industry fell by an average 1.8% in 2012. This compares with the 2.1% average rise in costs recorded for the previous year. There was a significant reduction in costs across all
Despite the ongoing shipping crisis, Becker Marine Systems said it is on course for 2013. The Hamburg-based company was awarded the contract to equip five 18,000-TEU container ships under construction for China Shipping Container Lines with effective high performance rudders.
Korea's leading shipbuilders post declining profits in second quarter 2012, as well as a growing inventory of unsold vessels. Shipbuilders here have put unsold ships up for resale at below-market prices but are struggling to get them off the hands, reports the 'Korea Times'.
Sub-Capesize sectors, previously better performers than Capes, now face an equally uncertain future according to recent Drewry analysis. Demand for Panamax ships improved over the 2nd quarter 2012, primarily due to an increase in grain volumes and Asian coal imports
The enthusiasm, dedication and passion for ship building have helped ABG Shipyard Ltd remain in the forefront. Speaking to Maritime Reporter & Engineering News, Major Arun Phatak (right) points out that it is more important to be a responsible shipbuilder demonstrating with solid results
The Russian Gazprom tankship 'SCF Amur' recently transited the Northern Sea Route in a record 7-days. In January 2012 Gazprom and Sovcomflot reached an agreement on arranging a test shipment via the Northern Sea Route to deliver the Gazprom hydrocarbons to the
Denmark-based Clipper Projects sets up multi-purpose (MPP) pool, which will form an integrated part of the current Clipper Projects MPP fleet. The founding members of the pool are: • Enzian Ship Management of Zurich, Switzerland
Shanghai Waigaoqiao Shipbuilding, a CSSC-affiliated shipyard, contracted to build two180,000 dwt bulk ships. The contract with undisclosed European owners has the option for a further four vessels to be delivered if required. The vessels will adopt Waigaoqiao’s newly developed sixth
Cai Mep-Thi Vai international port in the coastal southern province of Ba Ria-Vung Tau inaugurated. The construction of the port, an international gateway, was funded with 12.9 trillion VND (US$ 620-billion) from the Japan International Cooperation Agency (JICA) and is expected to ease the strain
Ardmore Shipping Celebrates Naming of "Ardmore Seavaliant' and 'Ardmore Seaventure'. Ardmore Seavaliant immediately chartered to Cargill, following naming at SPP Shipbuilding. Chemical and product tanker specialist Ardmore Shipping has named the two newest vessels to join its fleet
The Multipurpose sector faces a difficult couple of years, but its long-term prospects are good, according to Drewry Maritime Research’s latest Annual Multipurpose Shipping Market Review and Forecast report. Most owners of Multipurpose ships (MPVs) were fairly upbeat at the start of 2012
China Rongsheng Heavy Industries delivers the ninth and tenth 380,000-dwt class Very Large Ore Carriers (VLOCs). Christened Vale Jiangsu and Vale Shinas, the two new Rongsheng-built 380,000 DWT class VLOCs have been delivered to Vale S.A. and Oman Shipping Company S.A.O.C. respectively.
Vale SA of Brazil said it has increased access of its Valemax iron ore carriers to Asian ports. The company even docked one of its ships in China where a ban on the giant vessels has been in effect for more than a year, Reuters.com reported.