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
China Rongsheng Heavy Industries Group, the country’s largest private shipbuilder, expects to report a substantial full-year loss just months after it appealed to the government for financial help, reports Reuters. Analysts have indicated that the company could be the biggest casualty of
The first of a new series of the RAmparts 3500 Class ASD tug design was delivered to its Owners Tianjin Port, a port in the northern part of China. The vessel was constructed at Shanghai Harbor Fuxing Shipping Service Company, and was named Jin Gang Lun 26
Hyundai Heavy Industries (HHI) has promoted Lee Jae-sung, from CEO to chairman, the position having become vacant when former chairman Min Kye-shik left the shipbuilder in December 2011, reports 'The Korea Times'. This is part of a management reshuffle designed to defy concerns over corporate
Mitsubishi Heavy Industries Marine Machinery & Engine Co., Ltd. (MHI-MME), a group company of Mitsubishi Heavy Industries, Ltd. (MHI), has received orders from Hyundai Heavy Industries Co., Ltd. (HHI) of Korea for four Ultra Steam Turbine (UST) plants to be installed in four LNG (liquefied
UK offshore industry welcomes the news that EnQuest’s £4-billion Kraken development is to go ahead, a project set to recover around 140 million barrels of oil from the North Sea, secure thousands of jobs and generate billions of pounds of revenue for the Treasury over the next 25 years
Marcon International, Inc. of Coupeville, Washington announced the private sale of a 2010 built, dynamic positioning, firefighting, anchor handling tug supply vessel. The Conan Wu Design (now part of Wärtsilä Ship Design), 55.0m x 13.8m x 5
Mitsubishi Heavy Industries Compressor Corporation (MCO), a group company of Mitsubishi Heavy Industries, Ltd. (MHI), is to establish MHI Compressor Manufacturing, LLC in Pearland, Texas, to produce and service oil industry compressor equipment.
80% of the world’s semi-submersible heavy-lift vessels are equipped with motion monitoring and decision support systems says ABB, including the 'Dockwise Vanguard' recently contracted to lift and carry off the 'Costa Concordia'. Offshore oil and gas platforms and floating production centers
Corvus Energy’s lithium energy storage system is the world’s first to be type- approved by DNV GL. The type approval makes increased fuel efficiency and greatly reduced emissions available for heavy industries such as offshore oil and gas and commercial shipping, Corvus said.
Strainstall Marine, a part of James Fisher and Sons plc, has secured a five-figure order to supply stress monitoring systems for Hyundai Samho Heavy Industries (HSHI) to be fitted aboard a new 405m floating drydock. The floating drydock hull number S708 is owned by Qatar Petroleum
Cargotec's MacGregor has won an order worth approximately €37 million for 45 electric winches from Hyundai Samho Heavy Industries Co. Ltd, in South Korea. The order will be booked in the fourth quarter 2013 order intake and the equipment is scheduled for delivery between the second and fourth
Expanded design family of extremely versatile heavy goods transporters. HeavyLift@Sea presents the MPV 500 Heavy Lifter for intermediate market segment. With the development and creation of the MPV 500, the maritime engineering specialist HeavyLift@Sea
Hyundai Samho Heavy Industries (HSHI), a shipbuilding affiliate of Hyundai Heavy Industries, the world’s biggest shipbuilder, successfully launched a 162,000 m3 LNG carrier built using the on-ground shipbuilding method for the first time in the world, the shipyard claims.
New Industries, Inc., of Morgan City, La. completed the fabrication of two 18' diameter x 223'-9" long pressure vessels for Conrad Shipyard, LLC, also of Morgan City. “These were the largest and heaviest tanks we have built to date,” stated James Stewart
Seaway Powell Marine Ltd (part of the PT Group), one of the leading British engineering companies specialising in the design and manufacture of marine hydraulic systems, is pleased to announce that it has appointed a new Sales Director for the U.K. and Europe, Jon Whetter.