Aker Yards has announced that the Aker MTW Werft GmbH yard in Germany has won a $377.9 million deal to build two cruise liners. The liners, ordered by Aida cruises Ltd., will be 662.7 ft. (202 m) long and have a capacity for 1,600 passengers. Delivery will occur in the first quarter 2002 and the first quarter 2003.
State-owned Latvian Shipping has asked South Korean Hyundai Heavy Industries to extend the deadline for signing a $200 million tanker order because of political delays. Latvian Shipping is in the process of having a 44 percent stake sold off. It must receive approval for the shipping deal from the Latvian privatization body - a process, which has been bogged down in political infighting. A deadline for signing a deal with South Korean expires on Oct. 22
Kongsberg Maritime Ship Systems (KMSS) has secured the contract to supply Fire Detection Systems to four Radiance Class ships run by Royal Caribbean Cruises Limited (RCCL), out of the Meyer Weft shipyard in Papenburg, Germany. The contract is worth $3.2 million in total. The four ship deal will see KMSS installing it’s Autrosafe Fire Detection System with Self Verifying Detectors on the currently sailing ‘M/S Radiance of the Seas’ and the ‘M/S Brilliance of the Seas’, which is due
International accountant and shipping consultant Moore Stephens says the banks will exert more control over the shipping industry in 2013. It also expects vessel values to fall further, and the cost of regulatory compliance to increase. Moore Stephens partner Julian Wilkinson says, “For shipping in 2012, it was not so much a case of ‘Crisis, What Crisis?’ as ‘Crisis, Which Crisis?’ This year will be equally challenging
International accountant and shipping adviser Moore Stephens said shipping companies should explore leasing opportunities as a way of adjusting their self-owned and chartered-in tonnage balance in response to the radical changes that have taken place in ship financing in recent years. Phil Cowan, the firm’s Head of Corporate Finance, said, “The traditional thinking of a company needing to own all the resources it uses to operate has been successfully challenged for many years
From 1 January, the Danish Maritime Authority will survey all Danish passenger ships in a new way. Shipping companies are positive towards the new passenger ship survey which will, to a greater extent, involve the crew and the daily safety work. In cooperation with a number of passenger ship companies, the Danish Maritime Authority has developed a new way of surveying passenger ships. The project has just been evaluated and the involved companies and crews have received the new
Daewoo Shipbuilding & Marine Engineering Co., has won a deal worth $602mto build eight container ships, Korea Times said. The deal with a European shipping company entails Daewoo Shipbuilding to deliver the vessels by January 2011, the shipbuilder said in a regulatory filing. The shipyard has clinched deals valued at $1.9b to build 15 ships so far this year. Daewoo Shipbuilding aims at winning $17.5b worth of orders this year
Despite a sliding stock market, bidders for 's Daewoo Shipbuilding may have to pay a hefty premium and large fees to snap up the coveted $4 billion asset amid upbeat prospects for the sector. Slow progress in the bidding process due to union protests and delays in selecting a lead manager, which coincided with a retreat in global stocks and a decision to exclude foreign bidders, has benefited potential buyers by reducing competition and the value of the deal by $2 billion from a year ago.
Hyundai Heavy Industries reported winnning a $400m deal to build two LNG carriers for BW Maritime Pte Ltd, part of Singapore's BW Group, according to a report on Reuters. HHIs is scheduled to deliver one of the two vessels in the second half of 2014 and the other in the first half of 2015. The contract included an option for two additional vessels.
Indonesia-based logistics and shipping company, PT Pelita Samudera Shipping (PT PSS) has chosen BASSnet software solutions to enhance the management of its highly valued shipping assets. Upgrading the efficiency of the well-known ship manning firm marks BASS’ foray into the Indonesian market and reflects its expanding presence in Asia. BASSnet Maintenance and BASSnet Procurement modules that PT PSS is deploying demonstrate the best advantages that
On August25, shipbuilder Ulstein Verft launched from its dock hall a special offshore construction vessel, Yno 302, for Island Offshore and Edison Chouest Offshore. The newbuild measures close to 160 meters in length with at beam of 30 meters
Nigeria's state oil company has cancelled its contract for the delivery of crude to the country's refineries in Warri, Port Harcourt and Kaduna, it said on Wednesday. Oil sales account for about 70 percent of government revenue in Nigeria, Africa's top crude producer
VIKING Life-Saving Equipment A/S has acquired a part of Australia-based Wiltrading Pty Ltd.’s maritime safety equipment activities effective 1 September. The move strengthens VIKING’s offering in Australasia, adding 4 locations to the company’s global network of
Finnlines, a Ro-Ro and passenger vessel operator with services in the North and Baltic Seas, has contracted Wärtsilä to supply three vessels with exhaust cleaning scrubber systems. The deal marks a repeat order for Wärtsilä
Greece appealed to its European Union partners on Tuesday to come up with a comprehensive strategy to deal with a growing migrant crisis as new data showed 21,000 refugees landed on Greek shores last week alone. That number is almost half Greece's overall refugee intake in 2014 and brings
Ultra Deep Group (UDS) signed another contract with China Merchants Heavy Industry to build a Ultra Deep Installer – Multipurpose Diving Support Construction Vessel. Even though the oil market remains in the doldrums, Singapore-based UDS is powering ahead with tis strategic plan to
Authorities struggling to cope with arrivals; 21,000 people landed on Greek shores last week. A passenger ship that is housing Syrian refugees set sail from the Greek island of Kos on Wednesday, heading for the mainland as authorities struggle to cope with a wave of arrivals.
There are strong indications that the current economic crisis faced by Greece may truncate a vessel acquisition deal worth over $250 million with some Nigerian ship owners, reports BizWatchNigeria. Recently, some ship owners Association has signed a Memorandum of Understanding MoU
India’s state-run gas utility GAIL has begun talks with Iran to revive a decade-old LNG supply contract with the country, reports PTI. The Business Standard has reported that GAIL has opened talks with Iran over the LNG contract whose value is estimated to be $22 billion in light of
ECM Training Services, LLC, in conjunction with Galway Group, will hold an interactive training seminar entitled "Pursuing ECA Compliance: Is LNG as a Marine Fuel Viable?" September 22-23, 2015, at Minute Maid Park in Houston.
The Company: Amtech specializes in ship design integration and construction supervision dealing with new propulsion technologies, niche trades and operational efficiencies. Its South Korea office and staff have delivered over 250 ships and the U.S. offices are well versed in U.S
There has been a great deal of merger activity in the shipping industry over the past few years, especially amongst owners, but, Anglo-Eastern Group and Univan Group have reached an agreement, with the culmination of the largest ever merger of independent
Gas giant Qatar is the world’s top supplier of liquefied natural gas (LNG), but in the coming five years it could be surpassed by Australia, a shift which could weigh on its dominance in Asia, reports Reuters. Asia accounts for almost three quarters of the global market
Radio Holland in Singapore has signed a Managed Service Agreement (MSA) with Thome Ship Management that will cover nine vessels for four years. Thome Ship Management, headquartered in Singapore, has worked for many years with Radio Holland, which is part of Imtech Marine
Japanese delegation tries to make case for submarine contract. Japan's effort to charm Australian politicians and the public over its bid for a A$50 billion ($35.60 billion) submarine project appeared to stumble on Wednesday, with officials from Tokyo resisting pressure to commit to building