Hitachi Zosen

Hitachi Zosen Wins Bergesen Order

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 Completes Bulk Carrier for Golden Door

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

Keppel Hitachi Cuts Workforce

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 Consider Takeover of Hitachi Zosen Shipbuilding

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 Wins $74.6 million Contract

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, Hitachi Zosen Consider Shipbuilding Merger

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

Great Ship - Golden Nerina

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.

First ME engine built in Japan by HZ

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.

JFE to Raise Stake in Shipbuilding

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, Hitachi Zosen Fuel Cell Power Plant

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