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.
Hitachi Zosen Corp. will reportedly obtain an extraordinary profit of $140 million in the six months ending in September due to a sale of idle land. It will sell 30,316 sq. meters of land in Osaka for $150 million to an affiliated Osaka-based real estate firm on Sept. 30. The company also announced that it will incur extraordinary losses of $130 million in the first half due to early retirement pay. The company has not revised its earnings forecast for the year ending March 2000.
Keppel Hitachi Zosen Limited (KHZ) will deliver its first cable laying and repair vessel to TyCom by end August 2001. The vessel was named TyCom Reliance by Lady Sponsor, Ms Claire Calandra, Executive Vice-President and COO of TyCom at the naming ceremony at Hitachi Zosen Singapore yard yesterday. When commissioned, TyCom Reliance will be the most efficient cable laying and repair ship in TyCom's fleet. KHZ was awarded the first contract to build two cable laying and repair vessels for
Singapore, once revered for its seemingly insurmountable edge in the ship repair and conversion business, has fallen on harder times in recent years. The forces which have slowed the area's break-neck pace of expansion and dominance are not at all unfamiliar to shipbuilders and repairers in the U.S. and Europe: rising land and labor costs, corporate consolidations and a seemingly endless stream of cut-rate competitors.
Keppel Hitachi Zosen (KHZ) has delivered a Semi-Submersible Self-Erecting Tender Rig (SSETR) to Smedvig Asia Ltd (Smedvig). The SSETR was named West Alliance by Mrs. Patricia Chan, wife of Mr. Chan Heng Wah, Drilling Manager of Esso Production Malaysia Inc, at a naming ceremony held in Keppel Shipyard on September 29, 2001. West Alliance has a one plus one optional year drilling contract with Esso Malaysia, which is scheduled to commence in early November this year
Keppel Corporation Ltd.'s Group Finance Director, Teo Soon Hoe has been appointed Chairman of Keppel Philippines Holdings, Inc (KPH), following the retirement of Loh Wing Siew. Charles Foo, who currently serves as the managing director of Keppel Hitachi Zosen, will assume Loh's post as Chairman of Keppel Philippines Marine, Inc (KPMI) and Subic Shipyard and Engineering Inc (SSEI). Kevin Wong, who is the executive director and managing director of Keppel Land Limited (Keppel Land) in
Keppel Hitachi Zosen Limited (KHZ) is in discussions with Smedvig Asia regarding the latter's intention to exercise its option to purchase KHZ's interest in the semi-submersible tender rig, West Alliance, presently under construction in Keppel Shipyard. The purchase price is approximately $61.5 million. Smedvig has proposed to exercise the option after delivery of the tender rig and after commencement of operations under its drilling contract with Esso Malaysia
Japan's second-largest steelmaker, NKK Corp agreed with two other Japanese firms to consider future integration of their steel plant operations in a bid to combat severe competition. The alliance with heavy electric machinery maker Sumitomo Heavy Industries Ltd. and heavy machinery maker Hitachi Zosen Corp. was prompted partly by the emergence of giant overseas rivals, the three companies said. As the first step of the alliance, the companies will set up a joint venture in March
Smedvig Asia has exercised its option to purchase Keppel Hitachi Zosen’s (KHZ) interest in the semi-submersible tender rig, West Alliance, for US$61.5 million on November 2, 2001. In mid August this year, Smedvig Asia had announced its intention to purchase KHZ’s stake in the rig once the vessel commences operations. With the exercise of its option, Smedvig Asia now owns 100 percent of West Alliance. West Alliance, now deployed in East Malaysia under a contract with Esso Malaysia
ClassNK Issues First Ever Statement of Fact for Tier III NOx Emissions for an SCR-equipped Diesel Engine. ClassNK announced today that it had awarded its first ever Statement of Fact for Tier III nitrogen oxide (NOx) reductions to a marine diesel engine incorporating a Selective Catalytic
'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
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
IMO decision to move forward with Tier III rules underscores MAN view that pushing technology readiness is right thing to do “We are ready for IMO Tier III”, said Dr. Stephan Timmermann, MAN Diesel & Turbo Executive Board Member responsible for Marine Systems and After Sales
ABS confirms that it is the classification society of record for the damaged tanker Prestige, operated by Universe Maritime Ltd., of Greece. The society is encouraged by the latest reports indicating that the incident has been largely brought under control and is hopeful that the vessel and the
Hitachi Zosen Corp. has received an order for a Hitachi-MAN B&W ME engine. The order, for a 6S50ME-C,was placed by shipowner Nissho Shipping Co. Ltd., and is the first ME engine ordered in Japan. The shipbuilder is Naikai Zosen and the ME engine will be delivered in February 2004.
Hitachi Zosen was awarded a contract in March 2007 by Wärtsilä Corporation to build four six-cylinder Wärtsilä RT-flex50-B engines for ships to be built in China. The first of the ships will be delivered in the second quarter 2009. The engines each have a maximum continuous power of 9960 kW (13
More than 10 major water-treatment plant makers, including Mitsui Engineering & Shipbuilding Co. and Mitsubishi Heavy Industries Ltd., were searched Tuesday by the Fair Trade Commission on suspicion of repeatedly rigging bids for contracts from local governments, as reported by the Japan Times
Signing for new tugs: pictured (l/r) are: Peter Lee, General Manager of Semco; V. Sivarajan, Managing Director of Semco parent PSA Marine; Tokuro Takagi, Executive Officer, USC; and Tetsuro Morita, Team Leader, Newbuilding and Commercial Vessels, USC.
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
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
Japanese heavy machinery makers IHI Corp. and JFE Holdings Inc. said they have agreed to begin concrete talks on merging their shipbuilding subsidiaries, a move that would create 's biggest shipbuilder. The move comes as Japanese shipbuilders face intensifying competition from regional
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
Cinterion Wireless Modules, specialist in cellular machine-to-machine (M2M) communication, and Telenor Connexion announced their collaboration on an M2M tracking and tracing platform for Hitachi construction and mining machinery. The customized solution combines Cinterions HC25 module
MAN Diesel & Turbo confirms that MAN B&W 6S46MC-C8 engine with integrated SCR fulfils the IMO’s strictest emission standards The engine, an MAN B&W 6S46MC-C8 type capable of an output of almost 7 MW, was constructed in autumn 2010 by Hitachi Zosen Corporation at its Ariake works