Carrier Contract
Korean Firms Win Qatar LNG Carrier Contracts
The Samsung Heavy Industries Co., has won a $1.14b deal to build four liquefied natural gas (LNG) carriers. The deal from Qatar Gas Transport Co. Ltd. calls for Samsung Heavy to build the four carriers worth $286 million each by February 2010, the company said in a regulatory filing. Meanwhile, the Daewoo Shipbuilding & Marine Engineering Co., the world's third-largest shipyard, said Monday it had received a $1.22 billion order to build five LNG carriers. The deal calls for Daewoo Shipbuilding to also supply four of the five carriers to Qatar Gas Transport Co. Ltd., and one to an unidentified European company. Source: Asia Pulse
Wärtsilä Wins UK Aircraft Carrier Contract
Wärtsilä will supply main diesel generating sets and their auxiliary and support systems for the Royal Navy's Future Aircraft Carriers. (Photo: Thales) Wärtsilä has been awarded the contract for approx EUR 30 million for the manufacture and supply of the main diesel generating sets and their auxiliary and support systems for the Royal Navy's Future Aircraft Carriers (CVF) by Thales Naval Division on behalf of the Aircraft Carrier Alliance
Wärtsilä Receives Repeat Order
Wärtsilä Corporation has received a repeat order for two more Sulzer RT-flex engines with electronically-controlled common-rail fuel injection. They will be installed in two 30,000 tdw multipurpose carriers contracted at Shanghai Shipyard in China by Chinese-Polish Joint Stock Shipping Co (Chipolbrok). Two similar engines were contracted in October 2001. The engines are seven-cylinder Sulzer RT-flex60C engines, each with a maximum continuous output of 16,520 kW (22,470 bhp) at 114 rev/min.
Huntington Risks Losing $194 Million on Carrier’s Overrun
Huntington Ingalls Industries Inc. stands to loss as much as $194.3 million, more than 40 percent of its potential fee, under the Navy’s latest estimate of overruns for the USS Gerald R. Ford aircraft carrier, according to Bloomberg. Construction of the Ford, the Navy’s most expensive warship, is likely to exceed by $884 million the shipbuilder’s target contract cost of about $5.2 billion for detailed design and construction
Delivery of Cargo to Carrier Creates Quasi-Contract
The U.S. Court of Appeals for the Sixth Circuit ruled that a quasi-contract is created when the shipper delivers cargo to the carrier for ocean transportation. In the instant case, the shipper contracted with (and paid) a freight forwarder for shipment of its cargoes from the United States to Syria. The bills of lading were not signed by the shipper. The shipper delivered the cargoes directly to the carrier’s vessels at the pier in Texas. The cargoes were transported and delivered in good order
India's Great Eastern Shipping Sells Two
A dry bulk carrier has been delivered to the buyers & the contract for sale of a product carrier tankship has also been signed. The Great EasternShipping Company Ltd. (G E Shipping) has delivered its 1995 built Panamax dry bulk carrier Jag Arnav (about 71,000 dwt) to undisclosed buyers. Earlier, the company contracted to sell Jag Pawar, a 1988-built general purpose product carrier of about 29,900 dwt, with delivery to the buyers in Q1 2014.
Contract For Three New Car Carriers
Wilh. Wilhelmsen ASA has entered into a contract with Ray Shipping regarding the charter of 3 car carriers on a 15 year timecharter with options. Wilh. Wilhelmsen ASA has entered into a contract with Ray Shipping regarding the charter of 3 car carriers on a 15 year timecharter with options.
Tankship Contract Cancelled by Bahri
Bahri subsidiary, National Chemical Carriers Ltd., cancels contract for chemical tanker (NCC Bader) due to the delay in terms of delivery. The National Shipping Company of Saudi Arabia (Bahri) announces that its 80% owned subsidiary company National Chemical Carriers Ltd. Co. has decided to cancel a shipbuilding contract for the chemical tanker (NCC Bader) due to the delay in delivery beyond the agreed date in the shipbuilding contract.
HII Awarded $56.5m CVN 79 Contract Modification
Huntington Ingalls Industries, Inc. (NYSE:HII) received a $56.5 million contract modification, under a previously awarded contract, for continuation of long lead time material procurement associated with construction of the nuclear-powered aircraft carrier John F. Kennedy (CVN 79). The company's Newport News Shipbuilding division is the prime contractor. "This award continues our efforts to plan and prepare for construction of John F
GE Shipping to Buy Bulk Carriers
Great Eastern Shipping Company Ltd (GE Shipping) informed the Bombay Stock Exchange that it has contracted to buy two new building Kamsarmax dry bulk carriers, according to a report on http://sify.com. The 80,700 dwt vessels are expected to join the company’s fleet during the fourth quarter of 2010-11 and the first quarter of 2011-12, respectively. GE’s current fleet stands at 48 vessels comprising 36 tankers (14 crude carriers, 20 product tankers
China Shipyard Delivers Handymax & Capesize Bulk Carrier
COSCO Corporation (Singapore) subsidiariary shipbuilder in China has delivered two bulk carriers. COSCO (Zhoushan) Shipyard has delivered the 189.99 meters LOA and 32.26 meters in breadth, 57,000 dwt Handymax bulker Ocean Lady to its unnamed European owner.
Lloyd’s Approves Hyundai LNG Carrier Training Facility
Hyundai Merchant Marine subsidiary has been granted Approved Training Provider status for their facilities and LNG carrier training courses to SIGTTO Training Standards. Lloyd's Register has awarded Approved Training Provider (ATP) Certification to Hae Young Maritime Services Co. Ltd
China Shipyard Contracted to Build LNG Carrier
COSCO Corporation (Singapore) subsidiary COSCO (Dalian) Shipyard secures the RMB 500-million contract. The order from an unnamed Chinese shipowner is to build a 28,000 cu.m capacity LNG carrier. The vessel is scheduled for delivery in the first quarter of 2015 and COSCO state that none of
China COSCO Shipyards Deliver Two More Bulk Carriers
COSCO (Guangdong) and COSCO (Dalian) Shipyards have each recently delivered bulk carriers to European owners. COSCO (Guangdong) Shipyard Co., Ltd has delivered a bulk carrier of 35000 dwt, “CHIOS LUCK”, to its European buyer. The bulk carrier measures 179
Naval Aviation History in the Making Aboard CVN 77
Unmanned aircraft accomplishes first ever ‘touch-and -go’ aboard aircraft carrier CVN 77. The Navy's X-47B Unmanned Combat Air System Demonstrator (UCAS-D) has begun touch-and-go landing operations aboard the aircraft carrier USS George H.W. Bush following on board launching.
Global Freight Rates Plunge, Report Finds
Average global freight rates have fallen to a 15-month low, according to Drewry’s new online Container Freight Rate Insight. Drewry’s Global Freight Rate Index fell 12% in April to reach its lowest level since February 2012, when container shipping was still recovering from the last
MHI : Landmark LNG Carrier Shipbuild Contract
On May 17, 2013, Mitsubishi Heavy Industries Ltd. (MHI) will sign an agreement with Mitsui O.S.K. Lines Ltd. (MOL) to build a Sayaendo series new-generation liquefied natural gas (LNG) carrier. Sayaendo series ships feature a unique structure that integrates the LNG tank cover with the ship hull
Today in U.S. Naval History: May 13
Today in U.S. Naval History - May 13 1908 - Navy Nurse Corps established. 1943 - Bureau of Navigation renamed Bureau of Naval Personnel. 1945 - Aircraft from fast carrier task force begin two-day attack on Kyushu airfields, Japan.
PC Maritime to Install ECDIS in 50-vessel China Shipping Deal
PC Maritime’s Navmaster ECDIS has been chosen by China Shipping Group to be fitted to 50 newbuild bulk carriers. This large ECDIS fleet contract was negotiated by Bogerd Martin NV’s subsidiary company, Bogerd Martin China, based in Shanghai.
'USS Nimitz' Shows the Flag in Korea
The U.S. nuclear-powered aircraft carrier arrives to participate in joint naval drills as part of routine training according to the Combined Forces Command. The 97,000-ton Nimitz, one of the world's largest warships, made a port call at the southeastern port city of Busan for a three-day stay to
China Shipyards Get B.Delta Design Bulker Orders
The latest batch of orders for Deltamarin's B.Delta design bulk carriers comes from international shipowners, all to be built in China. The B.Delta43 order by the German ship owner HBC Hamburg Bulk Carriers at CSC Qingshan Shipyard and the B
New US Aircraft Carrier Hull Structure Complete
Huntington Ingalls Industries' Newport News Shipbuilding (NNS) division hoisted the last piece of primary structure onto the nuclear-powered aircraft carrier 'Gerald R. Ford'. The lift was the last of 162 superlifts and brings more than three years of structural erection work to a close.
Shipyard Arbitration Claim Favours Algoma Central
Algoma Central Corporation (Algoma) wins in its dispute with a Chinese shipyard at a London, UK, Arbitration Tribunal. The tribunal heard the shipbuilding contract dispute involving Algoma Tankers International Inc., a wholly owned subsidiary of Algoma Central Corporation, and found in its favour
Today in U.S. Naval History: May 7
Today Day in Naval History - May 7 1942 - Carrier aircraft sink Japanese carrier Shoho during Battle of Coral Sea. The first day of the carrier battle of Coral Sea, May 7 1942, saw the Americans searching for carriers they knew were present and the Japanese looking for ones they feared might
Navy Increases NNS Funding for 'JFK' Outfitting
Huntington Ingalls Industries' Newport News Shipbuilding (NNS) division receives an addtional US$ 60.8-million for aircraft carrier 'John F. Kennedy. The funding increase is to a previously awarded construction preparation contract for purchase of materials in support of aircraft carrier John F