Hitachi Zosen Corp., a major Japanese shipbuilder, won 29 billion yen worth of orders from Bergesen D.Y. Group ASA of Norway for four 300,000-ton oil tankers. The tankers will be delivered between March 31, 2000 and January 31, 2001, a spokesman for Hitachi Zosen said. Hitachi Zosen posted a parent current loss of 17.49 billion yen for the year ended March 1999, its first current loss in 10 years, against current profit of 7.02 billion a year earlier, mainly due to losses from unprofitable overseas business.
Hitachi Zosen Maizuru Works has completed the Golden Nerina, a 75,484-dwt bulk carrier, for Golden Door Corporation of Liberia. The Panamanian-registered vessel was delivered on August 5 and is equipped with an energy-efficient Hitachi Zosen-MAN-B&W6S60MC (MK-6) type main diesel engine, as well as the Hitachi Zosen Super Stream Duct (SSD) at its stern. According to Hitachi, the dwt and cargo capacity of the Golden Nerina is considerably greater than previously built vessels
The recently completed sale of Keppel Marine Industries Limited's marine-related businesses to Keppel Hitachi Zosen for about $99.4 million has allowed Keppel to "carry out a reduction of headcount in the three yards that will result in savings of about $2.9 million a year. Following the consolidation of Keppel Shipyard, Hitachi Zosen Singapore and Keppel Singmarine Dockyard, under Keppel Hitachi Zosen, the Keppel Group is rationalizing its operations to remain competitive.
JFE Holdings Inc. is considering taking over Hitachi Zosen Corp.'s shipbuilding operations, which are now conducted by Universal Shipbuilding Corp., a joint venture between the two firms, sources said Saturday. The deal would mark Osaka-based Hitachi Zosen's effective departure from shipbuilding. It will instead concentrate on its mainline environment equipment and plants business to try to bolster profitability, the sources said.
Keppel Hitachi Zosen has clinched a contract to build two cable laying and repair vessels for a total contract value of more than $74.6 million from C. S. Tycom Reliance, Inc., a subsidiary of Tyco Submarine Systems Ltd. The construction of the cable laying and repair ships will be performed by Hitachi Zosen Singapore, a division of Keppel Hitachi Zosen. Work on the two newbuildings has commenced, with the first vessel scheduled for delivery in the third quarter
NKK Corp., a major Japanese steelmaker and shipbuilder, and Hitachi Zosen Corp., another major Japanese shipbuilder, will study the feasibility of cooperating in shipbuilding to strengthen competitiveness in a tough global market. The two companies will consider cooperating in sales, design, procurement and manufacturing, they said. In March, NKK said it was considering an alliance with Hitachi Zosen to try to revive its flagging shipbuilding operations
Ordered by Golden Door Corporation of Liberia, Golden Nerina, a 75,484-dwt bulk carrier was constructed by Hitachi Zosen's Maizuru Works for an August 5 delivery. Registered in Panama, the vessel is the 97th Hitachi Panamax and second Hitachi Panamax jumbo vessel that houses various upgrades over the original version. It is the fourth bulk carrier in the series built with an ABS Safe Hull; deadweight tonnage and cargo capacity are considerably greater than previous vessels.
The first ME engine to be built in Japan, a 6S50ME-C, has been completed by Hitachi Zosen Corporation. The order was placed by Naikai Zosen for Nissho Shipping. The engine was recently presented to the guests at a ceremony at Hitachi Zosen. This engine is destined as the main propulsion engine for a product carrier. The invited audience of over 200 people, included owners, operators, yard personnel and business partners, noted that the engine was very quiet and produced very few vibrations.
According to reports, Japanese steelmaker JFE Holdings Inc said it has reached an agreement with shipbuilder and engineering company Hitachi Zosen Corp to turn their shipbuilding joint venture into a JFE subsidiary. JFE will acquire an additional 34.9 percent stake in Universal Shipbuilding Corp, its 50-50 joint venture with Hitachi Zosen, for 34.9 billion yen. With the deal, JFE's stake in Universal Shipbuilding will increase to 85 percent while Zosen will hold the remaining 15 percent
Wärtsilä and Hitachi Zosen have signed a business development agreement to develop and market fuel cell based power solutions for distributed power generation applications in Japan. The combined heat and power applications, which can be run on either city gas or bio gas, will feature the use of Wärtsilä's fuel cell technology. The applications will be developed in cooperation by both companies, and marketed by Hitachi Zosen
A consortium comprising of Marubeni (project integrator), the University of Tokyo (technical advisor), Mitsubishi, Mitsubishi Heavy Industries, Japan Marine United, Mitsui Engineering & Shipbuilding, Nippon Steel & Sumitomo Metal Corporation, Hitachi, Furukawa Electric
Imabari Shipbuilding Co., Ltd. completed the 95,000 DWT bulk carrier, Raga at its Marugame Shipyard. The bulk carrier is unique in that it has adopted a next-generation superstructure called the Aero-Citadel, which according to the shipyard offers significant advantages in both air resistance and
China, Japan shipyards reel-in the orders in the past week, Korea figures too in the VLGC sector: interestingly there was just one new order in the tankship market, reports Clarkson Hellas in their latest S&P Weekly Bulletin, as follows: Dry bulk ships
A government panel has recommended Japan lift the amount utilities must pay for electricity from offshore wind farms while cutting prices for power fed in from solar projects, as the country looks to diversify its use of renewable energy.
In the eyes of some, the March 2011 Fukushima Daiichi nuclear disaster was the event that would signal the end of nuclear power for electrical power generation and would end any hope of the world utilizing nuclear-powered commercial vessels other than the Russian barge carrier
The world’s largest classification society ClassNK (Chairman & President: Noboru Ueda), announced that the world’s first specialized vessel for the carriage of Nickel Ore has been built and registered to the NK class.
Mitsubishi Heavy Industries, Ltd. (MHI) names Shunichi Miyanaga as the company's new President. The new president is currently an MHI Representative Director and Senior Executive Vice President. Hideaki Omiya, MHI's current President, will become Chairman of the company succeeding Kazuo Tsukuda
'M/V Fairpartner' is due to discharge the largest tunnel boring machine (TBM) ever made at the port of Seattle, Friday, 5, April 2013. The tunnel boring machine was built by Hitachi Zosen Corporation and loaded at Osaka, Japan. It consists of total 48 pieces weighing 7
Mitsubishi Heavy Industries, Ltd. (MHI) completed its acquisition of Pratt & Whitney Power Systems, the small and medium-size gas turbine business unit of Pratt & Whitney (P&W), an aeroengine manufacturer. Pratt & Whitney Power Systems has changed its corporate name to PW Power
The Asian ballast water treatment systems market is highly lucrative and is expected to show tremendous growth over the next 6-7 years, according to Verify Markets (VM). Though still in the developmental stage, due to the pending IMO regulations, the market is expected to grow exponentially.
Further ordering activity seen in the tanker market in the period up to 10, June 2013, according to Clarkson Hellas Weekly S+P report. Clients of Consolidated Marine Management have contracted three firm 115,000 DWT LR2s at Hyundai Samho. Understood to have been signed earlier this year
Mitsui O.S.K. Lines has begun an onshore demonstration test of a new prototype sailing rig that they believe has great potential for reducing vessel CO2 emissions. MOL/ Akishima Laboratories (Mitsui Zosen) tests of the "Power Assist Sail" were started at the Mitsui Engineering &
A quiet week in the dry newbuilding market, but more active in the tankship & gas carrier shipbuilding sectors notes the latest Clarkson Hellas S&P Weekly Bulletin. Drybulk carriers Understood to have been concluded towards the middle of this year
The introduction of the electronically controlled camshaft-less low speed diesel engines (ME-range) are a milestone in diesel technology, a milestone that deserves a place in history similar to Rudolf Diesel’s first engine in Augsburg for the 1912 motor vessel Selandia
Activity in Chinese shipyards increased the past week, notably in the dry-bulk carrier market, as workers returned from the 'Golden Week' holidays reports Clarkson Hellas Weekly S&P Bulletin. Dry bulk carriers China Navigation have announced the declaration of another four options of the 39