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
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.
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
MacGregor, part of Cargotec, saidi it won an order for two subsea cranes from South Korean shipyard Hyundai Heavy Industries Co Ltd. The active heave-compensated cranes will have an SWL of 100 and 25 metric tons, respectively. They will be fitted on board a new 160-meter heavy construction vessel
Hyundai Heavy Industries Co., Ltd. (HHI) held a naming ceremony for the world’s first newbuilding LNG floating storage regasification unit (LNG FSRU), ordered from Höegh LNG in June 2011. The 170,000 cbm LNG FSRU, measuring 294 meters in length
Leading class society ClassNK has announced that it will participate in a new joint development project to install and verify the effectiveness of new Sulfur Oxide (SOx) scrubber technology onboard a Pure Car Carrier (PCC) being carried out by Kawasaki Kisen Kaisha, Ltd
Mitsubishi Heavy Industries, Ltd. (MHI) and Mitsubishi Kakoki Kaisha, Ltd. (MKK) have jointly developed a Hybrid SOx Scrubber System that efficiently removes sulfur oxides (SOx) from exhaust gas emitted by marine diesel engines. The Hybrid SOx Scrubber System is the first in Japan to comply with
Mitsubishi Heavy Industries, Ltd. (MHI) and Mitsubishi Kakoki Kaisha, Ltd. (MKK) say they have jointly developed a "Hybrid SOx Scrubber System" that efficiently removes sulfur oxides (SOx) from exhaust gas emitted by marine diesel engines – the first in Japan to comply with the
Far East shipbuilders scoop the pool of latest big ship newbuilding orders reports Clarkson Hellas in their latest Weekly S+P Bulletin. Bulk carriers This week Clarkson Hellas say that Bocimar has announced an order for two firm 206,000 DWT Newcastlemax and one firm 180
Pacific Drilling says that the latest in its fleet of 5 of new ultra-deepwater drillships is in service. Two additional drillships are under construction at Samsung Heavy Industries for delivery in 2014, and an eighth rig is under construction for delivery in March 2015.
Anchor Handling Tug Supply vessel will be built to ABS class for Offshore Japan Corporation by Japan Marine United Corporation. ABS has been selected by Offshore Japan Corporation (OJC) to class its newly-ordered Anchor Handling Tug Supply (AHTS) vessel
Rolls-Royce has won an order to provide integrated design and ship equipment for a highly innovative offshore vessel for Norwegian ship owner Island Offshore. The new striking UT 777 design has been developed in close cooperation with Island Offshore
Troubled South Korea shipbuilder STX Heavy Industries Co. issued a guarantee on a loan defaulted on by its Chinese heavy machinery manufacturer, STX Dalian Heavy Industries Co., from China's Bank of Communications and has been ordered to repay the loan, reports Yonhap.
Hyundai Heavy Industries (HHI) say they have begun building the first of five 19,000 TEU container ships for China Shipping Container Lines (Hong Kong). HHI explain that the shipowner upgraded the original order for five 18,400 TEU containerships to ones capable of delivering 600
Seattle and Florida based Trans Marine Propulsion Systems, Inc. (TMPS) has been added as a member of heavy industries company Hyundai Heavy Industries - EMD’s (HHI-EMD) Global Service Network and is their Designated Cooperative Repairer.
Korea’s big three shipbuilders are committed to making a fresh start with regard to business ethics in 2014 after getting hit with bribery scandals in 2013, reports the Korea Joong Ang Daily. According to the Korea Joong Ang Daily, Hyundai Heavy Industries
The nation’s major shipbuilders are expected to undergo a mild recovery on the back of a pickup in demand for commercial vessels and liquefied natural gas (LNG) carriers, reports 'The Korea Times' as informed by experts and analysts. The analysts forecasted that the nation’s leading
The nation's top three shipbuilders have seen their combined orders rise again to the US$50-billion mark, six years after they first soared past this level in 2007 when the industry was flourishing, reports ‘The Chosunilbo’. Total orders placed by Hyundai Heavy Industries