Abu Dhabi Ship Building launches ‘Mezyad’ as fourth vessel of Baynunah Corvette Class Program for the UAE Navy. Abu Dhabi Ship Building completes expansion of facility to accommodate more vessels for fit outs, tests and trials. Abu Dhabi Ship Building, the leading shipbuilder and naval support services provider in the Gulf region and a strategic affiliate of Mubadala, has today (Wednesday, February 15, 2012) launched “Mezyad”, the fourth vessel of the Baynunah Corvette Class Program for the UAE Navy and the third vessel under the Baynunah fleet constructed by Abu Dhabi Ship Building. The vessel was launched in the presence of senior officials from the UAE Navy and Abu Dhabi Ship Building. The Mezyad features the highest level of outfitting prior to launch as it is equipped with propulsion machinery including engine and weapons such as Main Gun, Side Guns that were installed in June, September and October 2011. More than 100 kilometres of electrical cables and a large number of piping and equipment have also been installed to complete the outfitting phase of the Mezyad, which has also undergone complete grid blasting and painting. Abu Dhabi Ship Building also announced today that it has completed the extension of the quay wall of its shipbuilding facility by about 155 meters, and has finished construction of a new pontoon and an electrical substation
Research and Markets has added "Ship Building & Repair (Asia)" report to their offering. The new report includes an analysis of the top 1000 companies in the field, including Daewoo Shipbuilding & Marine Engineering, Daehan Shipbuilding, Ihi Marine United. This report provides a detailed overview of the Ship Building & Repair (Asia) market and delivers a comprehensive individual analysis on the top 1000 companies
The Vietnam Shipbuilding Industry Corporation (Vinashin) posted a total revenue of $491,640 in 2005- an increase of 41 percent over 2004, and a total production value of $692,457, a 46 percent year-on-year increase. Vinashin won many contracts to build high-tonnage cargo ships and container ships for export to developed countries with high-tech shipping industries such as Japan, Germany and Poland, with the largest contract from England- worth $22 million- to build 21 53,000-tonne ships.
Indian firms are increasingly getting into ship building and repairing as shipbuilding orders are expected to rise significantly to meet the boom in seaborne trade and increased offshore oil exploration. The local industry is expected to expand to $20b by 2020 from close to $5b now, a report by maritime consultants i-maritime Consultancy Pvt Ltd said, which is about 1 percent by value of total global shipbuilding orders.
Revenues up, net profit down reports Abu Dhabi Ship Building Abu Dhabi Ship Building (ADSB) has announced that its contract revenue jumped by more than Dh200 million (US$54.4m) last year to Dh1.3 billion but said its profit had slipped. The yard is constructing its remaining 72 m Bayunah-class corvette of six for the UAE Navy, and is hopeful of orders from foreign navies.
The badly damaged by fire chemical tanker is docked in the Arab Ship Building & Repair Yard for evaluation of salvage operation The chemical tanker, Stolt Valor, which caught fire on March 15, 2012, north of Bahrain, was docked at ASRY after Bahrain agreed to accept the ship into its territorial waters. Maritime experts from General Organisation of Sea Ports (GOP) are liaising with the Arab Ship Building and Repair Yard Company (Asry)
A 53,000-tonne cargo ship built by Shipbuilding Industry Corporation (Vinashin), was launched in the northern port city of Haiphong, on April 20. The ship, 190m long and 32.26m wide, is one of a series of fifteen due to be handed over to the Graig Investment Group, a UK-based international ship owner and shipping services provider. It was the second boat of its kind built by Vinashin’s affiliate, Nam Trieu Shipbuilding Company and is also the largest being built in Vietnam under a
The first four Bahraini Coast Guard boats arrive at Abu Dhabi Ship Building. Four Bahrain Coast Guard boats arrived at the Abu Dhabi Ship Building (ADSB) shipyard in Mussafah, Abu Dhabi, to undergo a major refit and upgrade program. These are the first four boats out of a total of ten boats that will be refitted and upgraded under a contract signed with the Bahrain Government in late 2007. The contract provides for the complete refurbishment of the vessels including new propulsion and
Oakwell Shipyard, starts using FORAN (CAD) toolset at its Sattahip, Thailand, ship building yard Oakwell says its goal is to become a reference point in the demanding world of shipbuilding and repair, with a unique combination of European standards and Asian dynamism. A key piece is the computer aided design (CAD) toolset, which has to cope with the strict requirements of the design itself, with multi-access from many draftsmen and a variety of data from all the disciplines of the ship
The traditional smashing of a champagne bottle on the first ship built at Canada’s oldest and biggest shipyard marked the christening ceremony and float-out of the 'Cecon Pride' in front of some 1,000 guests at the Davie Shipyard, also signalling the resurgence of shipbuilding in Quebec, informs the Gazette Montreal. The Cecon Pride is the 717th vessel to be built at the Davie shipyard, which was itself launched in 1825.
COSCO Corp. (Singapore) has re-issued its unaudited Third Quarter Financial Statement for the financial period ended 30, September 2013, as follows: Overall, net profit attributable to equity holders of the Company decreased 84.1% from $26.6 million in Q3 2012 to $4
Bourbon announces the sale of the 'Bourbon Surf' and 'Bourbon Borgstein', two large 10-year old Norwegian built AHTS (Anchor Handling Tug Supply) vessels for a total amount of US$130 million, generating a total capital gain of approximately US$63 million.
The 'Costa Diadema', the future flagship of Costa Cruises & of the Italian-flagged passenger fleet, entered the water for the first time as the building dry-dock was flooded, and a traditional launching ceremony was held at the Fincantieri shipyard in Marghera.
COSCO Corporation (Singapore) Limited's Zhoushan Shipyard subsidiary has won a contract from an Asian buyer to construct two 64,000 dwt bulk carriers. The two bulk carriers are scheduled for delivery in the fourth quarter of 2014. About COSCO
On the first day of the upcoming London International Shipping Week, the Nigerian Maritime Administration and Safety Agency, supported by Maritime London and UKTI, is holding a conference on the opportunities for foreign investment in the Nigerian Maritime Industry
FLEX LNG announce they have executed a binding and final settlement agreement with shipbuilders Samsung Heavy Industries: arbitration proceedings have been discontinued and all actual and potential claims and counterclaims arising out of past relationships and contracts between them have been
Middle East Workboats conference session addresses need for skilled Dynamic Positioning operators and billion dollar consequences of noncompliance The operational challenges and costs faced by the offshore maritime industry in recruiting and retaining qualified operators to safeguard
India continues to grow as a global center of technological excellence, accounting for 10% of research and development and home to five of the top 10 science and technology schools in Asia. Govt of India, having a network of more than 50 laboratories deeply engaged in developing a range of
Saltchuk has signed a Purchase and Sales Agreement with Kimberly-Clark to buy a 66-acre property on the Everett waterfront, formerly home to Kimberly-Clark's pulp mill and tissue plant. The deal will initially bring approximately 250 skilled
International classification society Bureau Veritas will class three Ultra-Large Container Ships (ULCSs) to be built for China State Shipbuilding Corporation (CSSC) and chartered to French operator CMA CGM. The ships are due for delivery in 2015.
Bourbon announces that it sold three vessels, including a tug, an MPSV (Multi-Purpose Supply Vessel) from the Subsea Services fleet and a PSV (Platform Supply Vessel), for an approximate total amount of $38 million, generating a total capital gain of approximately $18 million.
Kleven has signed a contract with Østensjø Rederi in Haugesund, Norway, for the building of a 150 m long offshore construction vessel. Total contract value is NOK 1.4 billion, making it the largest contract ever for Kleven.
The Association of Naval Architects and Marine Engineers in Spain (AINE ) presented the award for Best Spanish ship built in 2012 to Zamakona Yards for its Offshore Emergency Rescue Vessel 'Esvagt Aurora'. The event took place as part of the 52nd Congress of Naval Engineering and Maritime
Newly-established offshore shipping company Nordic American Offshore (NAO) has agreed to acquire six platform supply vessels from Blue Ship Invest ( BSI ). The vessels are of the PX121 type, and were designed and constructed by Ulstein in 2012-13
The two pipe laying vessels (PLSVs) are to be built at the brand new Vard Promar yard in Recife, in the North East of Brazil. The order is part of four OSVs by DOF/Norskan and Technip, important customers for Vard. The other two of these vessels are to be built in Norway, also to DNV class.