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ISHIKAWAJIMA-HARIMA HEAVY INDUSTRIES

Japanese Shipyard Expected To Integrate

Three Japanese shipbuilders are expected by the end of the week to sign an agreement to integrate their operations, Reuters reported. According to the report, Kawasaki Heavy Industries Ltd., Ishikawajima-Harima Heavy Industries Co., (IHI) and Mitsui Engineering & Shipbuilding Co Ltd. are set to integrate operations in the general commercial vessel market. The combined annual revenue of the their ship businesses in fiscal 1999 totaled 308.5 billion yen, surpassing the 268.9 billion yen earned by leading Japanese shipbuilder, Mitsubishi Heavy Industries Ltd.


Aker Solutions Removes EPC-LNG From Backlog

The $665m  EPC-LNG contract was awarded to the joint venture (50/50) between Aker Solutions (formerly Aker Kvaerner) and IHI, Inc. (formerly Ishikawajima-Harima Heavy Industries) and announced in a stock exchange release 19 July 2006, pending the issue of a Full Notice to Proceed from Ingleside Energy Corporation. Not having received such a Notice to Proceed effects Aker Solutions' backlog by USD 330 million. As a result


Unithai Shipyard Has Four Vessels Under Repair

Thailand’s Unithai Shipyard & Engineering currently has four vessels undergoing repair - Technomar Shipping’s 33,185 dwt containership Kota Perwira, Ahrenkiel Shipmanagement’s 26,140 dwt bulk carrier Caria, the Almog, a general cargo vessel owned by Dynamic Shipping Services, and the Spar Cetus, a 45,146 dwt bulk carrier from Fleet Management. Unithai Shipyard has another four vessels scheduled to arrive throughout this month (May) - the Stolt Alliance, a 12


Report: S. Korea lags China, Japan in Shipyards

According to reports, South Korea fell behind China and Japan in the number of shipyards ranking in the world's top 50 in terms of order backlogs as of the end of May, although seven South Korean companies were No 1 through No 7, a London-based market research firm said. Fifteen Japanese shipyards and the same number of Chinese companies were included in the world's top 50 list, while only nine South Korean shipyards made it, Clarkson Plc. said.


Japanese Shipbuilders Warned Over Bid Rigging

According to a report from the Kyodo News Service, eight shipbuilders were warned by the government's competition policy watchdog over alleged bid rigging on defense contracts. The Fair Trade Commission (FTC) said it issued the warning over what it deems were acts to unfairly restrict competition for contracts from the Maritime Self-Defense Force (MSDF) concerning the force's fleet between fiscal 1996 and fiscal 1999.


Japanese Yards Form Alliance

Three major Japanese shipbuilders are forming an alliance on commercial vessels and ocean engineering to survive competition with South Korean shipyards. The three firms -- Ishikawajima-Harima Heavy Industries, Kawasaki Heavy Industries Ltd and Mitsui Engineering & Shipbuilding Co Ltd will cooperate on joint procurement of materials and design skills for building commercial vessels, aiming to cut production costs. They will decide in one or two years whether to spin off their divisions for


Daewoo Split: Painful But Necessary

The splitting of Daewoo Heavy Industries Co., the shipbuilding and machinery unit of South Korea's ailing Daewoo Group, into three firms should boost shareholder value, analysts said. A shareholders meeting earlier in the week approved a plan to split the company into Daewoo Shipbuilding and Marine Engineering Co., machinery maker Daewoo Heavy Industries and Machinery Ltd., with Daewoo Heavy Industries Co. taking the remaining operations


Japanese Shipbuilding Consolidation Is Imminent

Kawasaki Heavy Industries is said to be considering integrating its shipbuilding business with those of Ishikawajima-Harima Heavy Industries Co. (IHI) and Mitsui Engineering & Shipbuilding Co. A spokesman for Kawasaki Heavy, Japan's second-largest heavy machinery and shipbuilding firm, said it sees such consolidation as one option but no accord has been reached. Business daily Nihon Keizai Shimbun reported on Wednesday that IHI and Kawasaki Heavy had reached a basic agreement to merge their


Wärtsilä Enjoys Good Success With Sulzer RTA84T's On Large Tankers

For the year 2000, Wärtsilä Corporation reports that 24 Sulzer RTA84T low-speed diesel engines with an aggregate power output of 713.4 MW (970,800 bhp) have been ordered for installation in very large tankers contracted at shipyards in China, Japan and South Korea. The engines will all be built by licensees of Wärtsilä in Japan and Korea. Altogether there are now 78 Sulzer RTA84T engines (including the -B and -D versions) delivered or on order, with a combined output of 2171.9 MW (2


Offshore Shipbuilding Demand Prompts HHI Design Expansion

Hyundai Heavy Industries plans to establish a new ship design subsidiary early next year by expanding its Mipo Engineering Co, reports Yonhap News Agency. Hyundai Heavy Industries plans to establish a new ship design subsidiary early next year by expanding its Mipo Engineering Co, reports Yonhap. Growing demands for high-end ships such as drill ships and offshore plants prodded Hyundai Heavy to set up the new company, the shipbuilder informed Yonhap.


Hyundai Heavy, CNH Industrial in Mini Excavator Alliance

Photo: Hyundai Heavy Industries

 Hyundai Heavy Industries (HHI), the world’s largest shipbuilder and a leading construction equipment manufacturer, announced today it enters into an exclusive strategic alliance agreement with CNH Industrial, one of the world's largest capital goods companies


Two VLCCs Delivered to Gener8 Maritime

Gener8 Maritime, Inc., a U.S.-based provider of international seaborne crude oil transportation services, announced that it took delivery of two very large crude carriers (VLCC).   The Gener8 Perseus was delivered September 9, 2016 from Hyundai Heavy Industries Co., Ltd


BV & Ship-to-Ship LNG Bunkering

Ship-to-ship LNG bunkering

Bureau Veritas is supporting the adoption of clean fuel LNG through the classification of both vessels in the world’s first ship-to-ship LNG bunkering operation between two independent ocean-going vessels. On September 3 2016, Terntank Rederi’s M/T Ternsund bunkered LNG from Coral


Wilh. Wilhelmsen sees extended Weak RO/RO Market

A Wallenius Line RO RO vessel (Wilh. Wilhelmsen)

Car and truck shipper Wilh. Wilhelmsen Asa made the following remarks and announcements on it's capital markets day on Thursday: * Expects fundamentals in car/truck carrier shipping market (PCTC) to remain weak for another 2-3 years * CEO Jan Eivind Wang says capacity utilisation globally is


SK Shipping Selects 5X72DF for LNG Carriers

WinGD 5X72DF engine

Securing the position of its low-speed low-pressure X‑DF engines as market leaders, Winterthur Gas & Diesel (WinGD) has been selected to supply two 5-cylinder X72DF (5X72DF) engines for each of a pair of 180,000 m3 LNG carriers ordered by South Korean shipowner SK Shipping Co., Ltd (SK)


Japanese Yards Mull Shipbuilding Alliance

Photo: MHI

Four major Japanese shipbuilders are in discussions to form an alliance in hopes of riding out the industry slump.   Mitsubishi Heavy Industries, Ltd. (MHI) announced in a press release today that it has entered talks with Imabari Shipbuilding Co., Ltd., Oshima Shipbuilding Co., Ltd


VLCC Delivered to Gener8 Maritime

Gener8 Maritime, Inc., a U.S.-based provider of international seaborne crude oil transportation services, announced that it has taken delivery of the ECO VLCC the Gener8 Macedon on August 30, 2016 from Hyundai Samho Heavy Industries Co., Ltd.  


Containership Catches Fire in Hamburg

Photo: Hamburg Police

 A fire erupted aboard the 9,030 TEU containership CCNI Arauco berthed at the port of Hamburg, causing injuries to three workers. Hamburg police reported that the blaze broke out aboard the 300-meter Liberian flagged vessel while in harbor around noon local time.


Japanese Shipbuilding Alliance Threatens Korea

Photo: Mitsubishi Heavy Industries Ltd.

 According to the Nikkei, Mitsubishi Heavy Industries Ltd. (MHI)  has entered negotiations with Imabari Shipbuilding Co., Ltd., Oshima Shipbuilding Co., Ltd. and Namura Shipbuilding Co., Ltd., each first, third, and fourth, respectively, in terms of shipbuilding tonnage


Hyundai Heavy Wins Russian Bid for 12-Ship Contract

Photo: Hyundai Heavy Industries Co

 South Korea’s troubled shipbuilder Hyundai Heavy Industries Co. announced that it has been selected as the preferred bidder for a 12-oil tanker contract worth $660 million of Russia’s Sovcomflot, reports Korea Herald.  


New Deck Carrier Joins United Heavy Lift Fleet

Deck carrier MV Vir Varenya (Photo: United Heavy Lift)

J.M. Baxi Group commissions Hamburg company for the global management of its newly constructed special-purpose ship     J.M. Baxi Group, a 100-year-old group of companies specializing in maritime logistics and port infrastructure


Industry Collaborates for LNG Bunkering Study

Photo courtesy of LR

Lloyd’s Register (LR), Hyundai Heavy Industries (HHI) and Hyundai Mipo Dockyard (HMD) have signed a joint development project (JDP) to produce a ship-to-ship LNG bunkering compatibility study. This will comprehensively review the design requirements between 6


Saudi Aramco Extends Bidding for Marine Terminal Work

State oil giant Saudi Aramco has extended bidding for dredging and reclamation work at its marine terminal in Ras al-Khair by almost one month, industry sources told Reuters on Wednesday.   The extension, pushing out the submission date to Sept. 29 from Aug


DNV GL Awards AIP for Hyundai Heavy's SkyBench

From left to right: Trond Hodne, DNV GL Business Director Maritime, Im Hong-il, Senior Engineer and Team Leader of the Basic Hull Design Department of HHI’s Shipbuilding Division, Sung Ho Shin, Head of Pre-Contract Maritime at DNV GL in Korea, and Jan-Olaf Probst, Head of Business Development Hamburg at DNV GL – Maritime. Photo: DNV GL

 Hyundai Heavy Industries (HHI), the world’s largest shipbuilder, announced it received the second approval in principle (AIP) from DNV GL for SkyBench, a design for maximizing cargo loading capacity of large containerships.  


MN100: RIBCRAFT

(Photo: RIBCRAFT)

The Company: RIBCRAFT designs and builds safe, durable, performance oriented rigid inflatable boats (RIBs) that fulfill the most demanding military and professional applications. With over twenty-five years experience, RIBCRAFT provides high quality professional grade RIBs and inflatables for






 
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