KAWASAKI HEAVY INDUSTRIES
The Kyodo news service has reported that Kawasaki Heavy Industries Ltd. of Japan will spin off its shipbuilding division on Oct. 1 into a new wholly owned subsidiary. The new subsidiary will reportedly be known as Kawasaki Shipbuilding Corp., and will specialize in the manufacture of ships and related equipment, Kawasaki Heavy said in a release. The spinoff is designed to create an efficient corporate structure that will enable the shipbuilding arm to cope with the global shipbuilding industry's oversupply and operate profitably in the long term by giving its managers greater leeway in running it, Kawasaki Heavy said. The new firm will concentrate business resources on high value-added products such as submarines, liquefied natural gas carriers and liquefied petroleum gas carriers, it said. The firm has the Defense Agency among its major customers. The new subsidiary will take over 1,750 of Kawasaki Heavy's 14,067 employees. It will be located in Kobe, the same location as the parent firm.
Kawasaki will build two more MAN B&W Diesel 7S50MC-C two-stroke main engines for Norway. These engines are destined to power two 43,000 dwt chemical tankers built by the Kleven Florø yard for Stolt Nielsen. The engines will be delivered in February and August 2007 respectively. The yard order includes a complete propulsion package from MAN B&W Diesel. This consists of the MAN B&W Diesel 7S50MC-C two-stroke main engines, MAN B&W Diesel VBS1560-ODS controlable pitch propellers
Kawasaki Heavy Industries has expanded with the addition of a new service center to its worldwide network for marine machinery. Established in the New Orleans area to support Kawasaki's marine propulsion systems, the new operation is end result of an agreement with AmClyde Engineered Products Company - to utilize AmClyde's parts and service center in Covington, La. Kawasaki supplied a set of four propulsion thrusters for Tidewater's ROV support vessel Nautical Tide
Kawasaki Heavy Industries Ltd. said that it, Ishikawajima-Harima Heavy Industries (IHI) and Mitsui Engineering & Shipbuilding (MES) have started talks on a possible alliance in the shipbuilding business. "We have just started negotiations so we have not decided any concrete plans yet. We do not know yet what kind of alliance we can make," a Kawasaki spokesman said. It is reported that the firms will seek an initial alliance in orders, design and materials procurement
Ship export contracts concluded by Japanese shipyards in December surged 148.2 percent from a year earlier to 1,657,340 grt or 29 vessels, the Japan Ship Exporters' Association said. Orders consisted of 15 oil tankers, 13 bulk carriers and one freighter, it said. The statistics cover orders received by association members for steel vessels of at least 500 grt. For the whole of calendar 2000, ship export contracts rose to 14,561,340 grt or 301 vessels, up 66
Japan's Kawasaki Heavy Industries Ltd. and Ishikawajima-Harima Heavy Industries Co. Ltd (IHI) said on Tuesday they would integrate their loss-making shipbuilding divisions in October 2002. News of the alliance was welcomed by investors, who sent shares in Kawasaki Heavy up five percent to 168 yen while IHI closed at 272 yen, gaining 7.5 percent. The alliance of Japan's second- and third-biggest heavy machinery and ship makers, intended to bring them back to profitability
Oil & Natural Gas Corporation (ONGC) has awarded a project order with Larsen & Toubro Ltd (L&T) for the NQ re-construction (NQRC) Project in Mumbai High North fields, according to Domain-b. According to the report, this project is the largest brownfield project of its kind awarded in the offshore oil and gas sector in India. The NQ Complex, one of the oldest assets owned by ONGC, has been operational since 1985.
Mitsui Engineering & Shipbuilding Co. Ltd. will post a special loss of $126 million in the first half of 1999-2000 due to restructuring costs. At the same time, the company said it would also post a $26 million extraordinary profit in the half year to Sept. 30 on sales of part of its real-estate holdings and security of properties of a former warehouse in Osaka. Company officials said last month that it and Kawasaki Heavy Industries Ltd
Mitsui O.S.K. Lines, Ltd. (MOL) announced on Jan. 27, the formation of a very large gas carrier (VLGC) pool called LPG Global Transport, along with Gulf LPG Transport Company W.L.L. of Qatar (Gulf LPG). The pool will begin operations immediately. Gulf LPG Transport Company W.L.L. is a limited liability joint venture company established by Qatar Gas Transport Company (Nakilat) and Qatar Shipping Company. MOL and Gulf LPG have jointly incorporated LPG Global Transport Management Inc
MSHIP Co., a San Diego naval design firm joins with Uemura Seisakusyo Co., Ltd. of Japan on the project. MSHIP has designed the next generation high-speed military platform — Stiletto ISR (Intelligence, Surveillance and Reconnaissance) — which will focus on future warfare with extensive use of unmanned systems. The Stiletto ISR, a mothership for unmanned systems, will offer easy launch, support and retrieval of unmanned vehicles
Subsea 7 S.A. has contracted Korea's Hyundai Heavy Industries (HHI) to build the new ship. The new-building will be one of the most capable heavy construction vessels in Subsea 7’s fleet of over 40 ships, and is due to be delivered in 2016,
Hyundai Heavy Industries (HHI) announced the Company has developed mini welding robots for building ships. The compact design of the welding machine, measuring 50 cm by 30 cm by 15 cm when retracted its welding arm, can operate in confined areas inaccessible to human welders
Two new state-of-the-art Ramform Titan-class seismic vessels under construction at the Mitsubishi Heavy Industries yard in Japan for Norway headquartered Petroleum Geo Services (PGS) will feature a delivery from Kongsberg Maritime including integrated navigation
At the 151st Annual Meeting of the Members of ABS, and the subsequent meeting of the ABS Council, industry leaders were elected to serve on a number of bodies that contribute to the operation of the classification society as it fulfills its mission of promoting the security of life and property
Wisdom Marine Group signed a two-tranche syndicated loan agreement for $5.92 million (USD) and ￥11.88 billion ($119.43 million, USD) with six domestic banks to finance its orders with three Japanese shipbuilders, Taipei Times reported. The syndicated loan was co-led by First Commercial Bank and
Kawasaki Heavy Industries Ltd. and Mitsui Engineering & Shipbuilding Co. began preliminary discussion on potential business integration, Japan Times reported. The two companies are expected to take multiple integration formats into consideration, including an outright merger
Aveva announced that Hyundai Samho Heavy Industries (HSHI),one of the world’s largest shipbuilders, has successfully completed its upgrade from Tribon M3 software to Aveva Marine for engineering, design and production. HSHI has used Aveva’s legacy Tribon M3 design software very
Guangdong Yuexin Ocean Engineering has delivered the 'SMS Endeavour', an Anchor Handling Towing Supply (AHTS) Vessel . SMS Endeavour is intended for operations in the offshore waters of Asia, West Africa, and Middle East. The Martens Marine E 65T Series vessels are powered by twin CAT 3516C
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.
Seaway Heavy Lifting contracted by Siemens AG for the transportation & installation of the German North Sea jacket & transmission station. The contractors say that the 5,800 tonnes jacket will be installed by Heavy Lift Vessel “Oleg Strashnov”
Hyundai Heavy Industries Co., Ltd. (HHI) has won type approval for the new 35,300 bhp HiMSEN H46/60V engine from 9 classification societies. The type approval test completion of the IMO Tier III compliant HiMSEN H46/60V expands Hyundai Heavy’s medium speed marine engine line-up to
SAL Heavy Lift has opened the doors of its new head office at Brooktorkai 20 in HafenCity, Hamburg. The premises sprawl over the 6th floor, and 116 employees are working there. SAL Heavy Lift, a member of the Japanese “K” Line Group
Hyundai Heavy Industries (HHI), a shipbuilder and leading offshore facilities contractor received a letter of award for a $1.3 billion (USD) order for a floating production unit (FPU) and a $700 million order for a tension leg platform (TLP) from Total E&P Congo on March 26.
Wärtsilä's series of pumping systems for Statoil. Wärtsilä's ability to supply a complete portfolio of solutions for the marine and offshore industry is again demonstrated with this latest order for a series of pumping systems for Statoil.
The SAL head office moves to new premises in Hamburg’s HafenCity, to accommodate growing staff numbers. In particular the move will give adequate space for the company's new Project and Offshore department. SAL say that the new location is comfortably close to Hamburg’s main