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
China’s two biggest state-owned shipping companies plan to merge 11 shipbuilding yards into a single entity in one of the industry’s biggest consolidation moves yet, reports Wall Street Journal. China’s two biggest state-owned shipping companies plan to merge 11 shipbuilding yards into a single entity in one of the industry’s biggest consolidation moves yet, the Wall Street Journal reports.
Maritime Reporter & Engineering News (www.marinelink.com), published since 1939, annually publishes details on the world’s “Great Ships of the Year.” Of the 18 selected as “Great Ships of 2016,” here we rank the Top 10 Ships of 2016
Australia and Japan signed a memorandum at the headquarters of the Australian Maritime Safety Authority (AMSA) in Canberra which will allow liquid hydrogen to be shipped in bulk for the first time. Ship containment systems are being developed in Japan that will be capable of safely
Though the challenging market conditions in the container shipping industry continued to add pressure to Japan’s major shipping companies, turnaround seen as write-downs set to fizzle out, earnings forecasts upgraded, reports Nikkei.
COSCO Shipping Heavy Industry Co is planning to cut the number of shipyards that are able to manufacture offshore engineering products from five to two by 2020, China Daily reported. China's third largest shipbuilder by output makes this move as the company's latest effort to cut
Amsterdam hosted four different maritime conferences during week June 21-23, with two common exhibitions – all in the same RAI Conference & Exhibition Complex. The Autonomous Ship Technology Symposium, Electric & Hybrid Marine World Expo and Marine Maintenance World Expo and
Australian defence officials warned French naval contractor DCNS to beef up security in Australia, where it is preparing to build a A$50 billion ($38.13 billion) fleet of submarines, in the wake of a massive data leak, a government spokesman said on Friday.
Australia has selected U.S. defence company Lockheed Martin Corp as its preferred bidder to supply the combat system for its new $38 billion fleet of submarines, the country's defence industry minister said on Friday. Lockheed Martin beat out competition from U.S
United European Car Carriers (UECC), which is equally owned by NYK and Wallenius Lines, took delivery of the world’s first LNG-fueled Pure Car and Truck Carrier from Kawasaki Heavy Industries Ltd. on September 29 at the NACKS shipyard in Nantong, China.
Japan's Kawasaki Heavy Industries said it would consider a drastic revision of its shipbuilding, and has even indicated that it may pull out of its shipbuilding business due to its worsening profitability, reports Reuters. Kawasaki Shipbuilding revised its profit outlook lower for the business
Mergers like the combination of its three main Japanese rivals -Nippon Yusen KK, Mitsui O.S.K. Lines Ltd. and Kawasaki Kisen Kaisha Ltd - provide relief to an ailing industry that has been characterized by over-capacity, Bloomberg reported Maersk Group as saying.
U.S. based ship owner and operator Eagle Bulk Shipping Inc. has bought its first vessel in more than six years, acquiring a 2016-built dry bulk vessel constructed in China at Nantong COSCO Kawasaki Heavy Industries Engineering Co., Ltd. (NACKS), the shipper said in a statement.
Connecticut-based Eagle Bulk Shipping Inc reported a loss of $19.4 million in its third quarter ended September 30, 2016. It had net loss of $20.4 million last year Q3. It has a loss of 52 cents per share compared to $10.83 net loss per share, for the comparable quarter in 2015
A consortium comprising Nippon Yusen Kabushiki Kaisha (NYK), Mitsui O.S.K. Lines, Ltd. (MOL), Kawasaki Kisen Kaisha, Ltd. (“K” Line), and the Shipping Corporation of India Ltd. (SCI) took delivery of a new liquefied natural fas (LNG) carrier on November 30, 2016, in South Korea.
NYK and Kansai Electric Power Co., Inc. (KEPCO) have agreed to joint ownership of a liquefied natural gas (LNG) carrier through a vessel-owner company shared by the two companies: NYK 30 percent, KEPCO 70 percent. The vessel is being built at the Sakaide shipyard of Kawasaki Heavy
Since it started publishing in 1939, Maritime Reporter & Engineering News has recognized excellence in ship construction. This year 18 ships in total were honored, including many “world firsts.” M/V Auto Eco - World’s First Dual Fuel LNG PCTC