Marine link

Orders Worth

ABG Shipyard gets $254m Order

India’s largest private shipbuilding company ABG Shipyard Limited has received orders worth over $254.1m to build bulk and anchor vessels for shipping companies based in Egypt and Cyprus. The company has received an order worth around from Cyprus La-mnalco Ltd. for delivery of production support vessel. Another Cyprus-based Precious Shipping Public Company has placed a Rs 726 crore order to build five deadweight tonne bulk carriers. ABG also secured an order worth Rs 181 crores for two anchor handling vessels from Egypt based Maridive and Oil Services SAE. (Source: The Asian Age)

Daewoo Shipbuilding Wins Orders Worth $600m

Daewoo Shipbuilding & Marine Engineering Co., has won three orders worth a combined $600m to build six ships for three companies in Russia, Africa and Europe. Daewoo Shipbuilding & Marine Engineering will construct two crude oil carriers for Sovcomflot Group, Russia's largest shipping company, two tankers for a company in Liberia and two car carriers for Leif Hoegh & Co., a Norwegian shipper. The ships will be delivered to the companies by January 2011. Source:

Imtech Wins Defense Contract

Internatio-Mueller NV said its technology unit Imtech had won an order worth $35 million from British shipbuilder Swan Hunter. Imtech will provide technical systems for the first two of four amphibious transport ships which Swan Hunter, privately owned by Dutch millionaire Jaap Kroese, will build for the British Ministry of Defense. Negotiations are still taking place about similar orders for the two other vessels, Internatio said

Dolphin Offshore Gets $16m in Contracts

Dolphin Offshore Enterprises India Ltd said it has received two orders worth $16m for its diving support vessels.  One of the contracts worth $10m is to be executed within 3 months while the other from Punj Lloyd Ltd has a 2-month duration. Source:  Reuters

Korea Shipbuilder Wins Order for 8 Very Large Gas Carriers

LNG carrier: File photo cr. Gazprom

Daewoo Shipbuilding & Marine Engineering Co Ltd (DSME) has won two orders worth a total of US$640-million to build eight very large gas carriers (VLGCs) for two unidentified Asia-based firms reports Reuters. The South Korean shipbuilder said in a statement both firms had ordered four gas carriers each, all expected delivery to be completed by the second half of 2016. In related news, DSME recently issued the following listing for investors showing its 2014 orders and backlog.

Daewoo Shipbuilding Wins $520m in Contracts

Daewoo Shipbuilding and Marine Engineering Co., said it won shipbuilding orders worth a total of $520m from .  Daewoo said in a filing to the Korea Exchange the orders were for two very large crude oil carriers (VLCCs) and two bulk carriers. Source:  Reuters

India’s Shipbuilding Industry Cancels Orders

According to a report from The Economic Times, India’s shipbuilding industry may suffer cancellations of about 15% of their total orders, worth at least Rs 3,750 crore, as a slump in international trade in the wake of the global economic crisis has taken a toll on the sector, industry experts say. Orders for about 35 ships that were to be built in shipyards around the country face cancellation, compounding woes for a sector that is already facing a financing crunch as banks stop lending

Bangladesh-$20m in Vessel Orders

According to a report from The Financial Express, Bangladesh has received orders worth $20m for building two small vessels and a tugboat from Middle East countries at the region's biggest shipbuilding fair in Dubai. The country's ship builders, Ananda Shipyard and Slipways, acquired the new orders at the Seatrade Middle East Maritime 2008, the largest maritime event of its kind in the region. (Source: The Financial

$800,000 Order for McMurdo

McMurdo, one of the world’s leading manufacturers of distress beacons and marine communications equipment, is to supply an order worth $800,000 of a quantity of C1 S-VDR float free capsules to electronics systems supplier Comas for integration into their Blue Ocean S-VDR systems.

Daewoo Gets 690m Qatar LNG Order

According to reports, Daewoo Shipbuilding & Marine Engineering Co has secured an order worth 690m from Qatar Gas Transport Company to build three liquefied natural gas carriers. The vessels will be delivered by April 2009. The shipbuilder plans to boost its annual production capacity of LNG carriers to 15 from eight ships now by 2008. Source: Forbes

Korean Shipbuilders in Red

Photo: Samsung Heavy Industries

 South Korean shipbuilders are struggling with huge losses stemming from the delivery of low-priced ships and a delay in the construction of offshore facilities such as drill ships.   The shipbuilders' earnings are expected to remain in the doldrums until the first half of 2016

MacGregor Cargo Handling for HL Newbuilds

Image: MacGregor

 MacGregor has received an order worth USD 21 million for optimised cargo handling systems for five 10,500 TEU container ships currently under construction at South Korean shipyard Hyundai Samho Heavy Industries for German operator Hapag-Lloyd.  

ABB to Increase Norway’s Grid Capacity


  ABB transformer technology supports Norway’s push to increase the volume of clean energy it can transport reliably over its grid using existing transmission corridors ABB, the leading power and automation technology group, has won an order worth around $30 million from Norwegian

South Korea Tops in Shipbuild Orders

Photo: Hyundai Heavy Industries Co

 South Korean shipbuilders, led by industry leader Hyundai Heavy Industries Co., have secured the largest amount of new orders in the first six months of the year to retain the top slot, while the global shipbuilding industry saw new orders halve

ABB Wins $85 mln Qatar Order

Outside view of similar 400 kV GIS installation 400kV installation Photo ABB

Substations to support integration of new power and seawater desalination plant ABB, the leading power and automation technology group, has won an order worth around $85 million to provide turnkey substations to help integrate electricity from a new independent water and power plant (IWPP) into

Otto Marine Secures $131 mln in New Contracts

Otto Marine Limited, an offshore marine company which specializes in building complex offshore support vessels, ship chartering and offers specialized offshore services, has announced that in the second quarter of financial year 2015 (Q2FY2015) till date

Korean Shipbuilders Maintain Top Spot

Image: DSME Co., Ltd

 South Korean shipbuilders, led by industry leader Hyundai Heavy Industries Co., clinched the largest amount of new orders in May, retaining the top spot for the fourth consecutive month, BusinessKorea reported based on industry sources, including Clarkson Research Services.  

ULSTEIN Reports ‘Good Results’ for 2014

Ulstein Verft (Photo: ULSTEIN)

Ulstein Group said it achieved a “good result” for 2014, with an operating turnover of NOK 2.7 billion compared to 2013’s NOK 2.3 billion.   Meanwhile, the group’s operating profit of NOK 184.1 million comes in under the NOK 317

Daewoo Bags Big Maersk ULCS Order

Image: Daewoo Shipbuilding & Marine Engineering

 AP Moller-Maersk has returned to South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering for its latest series of ultra-large container ships (ULCS), reports The Korea Economic Daily.   The total contract to build 11 ultra-large containerships is worth US$1.7 billion

Indian Navy To Limit Ship Buys to Domestic Yards

Indian ship building yards are procuring increasing orders from the defense sector

  The Indian Ministry of Defence has directed future warship and submarine building orders be given only to domestic shipyards. The Navy has potential orders worth more than US $50 billion over the next 10 years for ship and submarine builds, said a Defence Ministry source.

ABB wins Brazil $30 mi Wind Farm Order


  ABB has won orders worth around $30 million from Casa dos Ventos, a leading renewables company in Brazil, to provide substations and related power infrastructure enabling the efficient integration of power from two new wind complexes (comprising 13 wind farms) into the country’s

Navy Awards Austal $691M for Two Littoral Combat Ships

 A littoral combat ship built by Austal (photo courtesy of Austal)

  The U.S. Navy has ordered two new littoral combat ships from Austal, the shipbuilder said in a press release today. The two orders, worth $691 million, are part of the Navy's expansion of a previous block buy contract with Austal to 10 total ships

ABB Wins Orders for Star Cruises Ships

ABB has won orders worth $60 million to deliver complete electrical power plant and propulsion systems for two new vessels for Star Cruises operated by Genting HongKong and to be built by Meyer Werft at its shipyard in Papenburg, Germany. The orders were booked during 2014.  

Indian Shipyard Eyes Foreign Warship Orders

Garden Reach Ship Builders

Garden Reach Shipbuilders and Engineers Ltd (GRSE)  is trying to get a toehold in the international market, eyeing orders worth $425 million to supply warships to the navies of the Philippines and Vietnam.   A Kolkata-based shipyard will enter into the global warship market by bidding

ABB wins UAE Order for Solar Power Grid Integration


 ABB, the leading power and automation technology group, has won an order worth around $55 million from Dubai Electricity & Water Authority (DEWA), the leading power utility in United Arab Emirates (UAE), to build a substation that will integrate power from the Mohammed bin Rashid Al

rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright