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.
GE Power Conversion receives first order in Japan from Kawasaki Heavy for electric propulsion motor equipment for LNG vessels GE’s Power Conversion business has received a new order from Kawasaki Heavy Industries, Ltd. for electric power and propulsion systems for two LNG carriers. The LNG carriers will be built for the purpose of transporting LNG from Louisiana, U.S.A. Their construction is scheduled to be completed from 2017 through 2018.
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
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
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
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
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.
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
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
GE unveils GE Marine organization to power, propel and position the global marine industry GE unveiled today its new GE Marine organization which cumulates several GE businesses and will be led by Tim Schweikert, vice president, GE Marine.
Officials in Australia and Japan on Monday expressed scepticism and confusion over a pledge by Prime Minister Tony Abbott to give an Australian state-owned shipbuilder the option to tender for a major submarine contract, heightening the uncertainty around the project.
Japanese market players ramp up their design efforts for fuel-efficient engines to challenge Korean yards as demand for super-cooled fuel is set to soar, says a report in South China Morning Post. A total of 50 to 60 LNG ships annually are forecast to be delivered globally in
Goliat, the first cylindrical floating production, storage and offloading (FPSO) vessel on the Norwegian Continental Shelf built for Eni Norge and partner Statoil at Hyundai Heavy Industries (HHI), will feature ALMACO’s cold stores and refrigeration machinery.
Effective October 1, Mitsubishi Heavy Industries, Ltd. (MHI) will integrate two of its group companies: Mitsubishi Heavy Industries Air-Conditioning and Refrigeration Corporation, which handles majority of domestic sales of air-conditioning and refrigeration (AC&R) products
If you've seen the fourth installment of the Transformers film series - Transformers: Age of Extinction - you may have noticed some star turns from the other "transformer" robots. All told, 13 Kawasaki robots - four different models from two different series - make appearances in
DryShips Inc. reports cancellation of four newbuilding contracts with Jiangsu Rongsheng Heavy Industries DryShips Inc., an international provider of marine transportation services for drybulk and petroleum cargos, and through its majority owned subsidiary, Ocean Rig UDW Inc
Transfer of flag follows ABS' designation as Recognized Organization ABS has added the first Japanese-flagged vessel to its classed fleet after having been awarded the status of a 'Recognized Organization' (RO) by the Japanese government.
Japanese shipping company Kawasaki Kisen Kaisha will pay a $67.7 million fine and plead guilty to participating in a conspiracy to fix prices and rig bids to internationally ship cargo that included cars and trucks, the U.S. Justice Department said on Friday.
Mitsui O.S.K. Lines, Ltd. (MOL) apprise that a contract has been signed with Mitsui & Co., Ltd. to charter two new 155,000m3 LNG carriers that will transport shale gas-derived liquefied natural gas (LNG) from the United States. MOL will manage the new vessels
President and CEO, Masami Iijima of Mitsui & Co., Ltd. informed that the compnay is currently proceeding with the procurement of eight LNG ships intended to be used for the delivery of LNG mainly to its customers in Japan from the Cameron LNG Export Project in the U.S.A.
The “I Dig Long Beach” tree-planting project funded by a Port of Long Beach grant is doing more than greening neighborhoods and building community pride – it’s also providing a chance for local businesses to participate.
South Korea's Hyundai Heavy Industries Co Ltd, the world's biggest shipbuilder, slid to a record quarterly loss of $1.8 billion and warned it's heading for its worst-ever year as cost overruns mount up in new business lines it developed to counter a global glut of low-margin ship orders.
Dual-fuel ME-GI engine adds important reference to growing list. United European Car Carriers (UECC) has signed a contract for the construction of two LNG-powered Pure Car/Truck Carriers (PCTCs). A single MAN B&W 8S50ME-GI dual-fuel engine will power each newbuilding.
The government of India has put forward a proposal of over Rs 50,000 crore ($6 billion) project to construct six stealth submarines in India. India is especially interested in acquiring the latest diesel- electric Soryu –class submarines, according to a report in the Times of India.