Marine link
 

Yard Wins

Cammell Laird Extends Repair Reach West

Following quickly on the heels of an overseas investment deal in Marseilles, Cammell Laird (Holdings) has increased its involvement in the overseas repair and conversion industries by taking a $7.7 million (49%) equity stake in a new holding company along with United States' West Coast shiprepairer Cascade General. This deal has an option for Cammell Laird to take a controlling interest within the next two years. The deal will allow the new company to purchase the repair facility (freehold and docks) at Portland, Oregon, the largest single repair facility on the U.S. West Coast. The facility is currently owned by Portland Port Authority and operated by Cascade General. Cascade General has leased the facility from Portland Port Authority since 1995, when it became the sole shiprepairing company in the port. Since then Frank Foti, Chairman of Cascade General, and future head of the new operation, has been looking to complete the buy-out. Cascade General currently has an annual turnover of some $100 million and wins virtually half of all commercial contracts that are placed with U.S. West Coast shiprepair yards. There are three main markets in which the yard operates — passenger vessels (the many cruise vessels now operating on the Alaskan service), tankers (the many large tankers operating between Alaskan terminals and US refineries) and U.S. Navy and auxiliary market. Last year the yard carried out a complicated conversion project involving a Drillship for Global Marine


Scheldepoort Wins Naval Frigate Contract

(Photo: Damen)

Scheldepoort Repair & Conversion Yard won a Royal Netherlands Navy contract to modernize and upgrade the propeller shaft lines and generator sets of four Air Defenxe and Command Frigates. Part of the Damen Shipyards Group, Scheldepoort is based in Vlissingen in the south of the Netherlands, and specialises in maintenance, modifications, repairs and refits. Peter Sterkenburg, Sales Manager at Scheldepoort, comments: “After an extensive negotiation period


Aker Yards Secures Contracts for Diving Support Vessels

Aker Yards ASA said it won an order from DOF ASA for a diving support vessel (DSV), and a contract from DOFCON ASA and Technip for a second DSV. For DOF, Aker Yards will build a DSV based on Aker Yards' Aker DSV06 design, while the other DSV will be to the Aker OSCV-06L DSV design. Source: Forbes


Newbold in Entrepreneur Finals

Mark Newbold, who qualified for the finals after winning the western region’s Entrepreneur of the Year Award in the products category, established Strategic Marine in 2001 with the goal of launching a global shipbuilding company. His company now employs around 1,800 staff at its shipyards in , , and , and has signed more than 120 orders worth over US$230 million in the past year alone.  “It is personally gratifying to win this award,” said Mr Newbold.


Masa-Yards May Cooperate With Gdynia

Masa-Yards, a unit that Kvaerner has put up for sale, could cooperate in building vessels with the Polish Gdynia shipyard, a group official said. Gdynia shipyard had planned to bid for Masa-Yards, but a consortium formed by Kvaerner won the support of the Finnish government to keep the group's two yards in Helsinki and Turku in Finnish hands. Kvaerner officials said that through cooperation and lower labor costs in Poland, Masa-Yards could gain a competitive edge on other Western shipbuilders


Korea: New Strategy for ‘Strategic’ Orders

While South Korean shipbuilders continue to enjoy another good year, representatives from three of the world’s largest yards reportedly are angling to focus on securing more ‘strategic’ orders to keep momentum, according to a report in the Korea Times. Korean yards are facing increasing pressure from Chinese shipbuilders, and to maintain its world lead the strategy includes a focus on these strategic orders


Aker Yards Signs Contract with Birka

Aker Yards Lifecycle Services and Birka Line have signed a contract for the refurbishment of the spa area on board the Birka Paradise. The contract is worth approximately $2.7m. The refurbishment is scheduled for completion in January 2008. The scope of work onboard the cruise ship Birka Paradise includes the extension and refurbishment of the spa area (treatment rooms, saunas, showers and other spa facilities). This is the fourth spa refurbishment contract won by Aker Yards in the last


STX Offshore in Deep Financial Crisis

Photo: STX Offshore & Shipbuilding

 The South Korean shipyard STX Offshore & Shipbuilding is apparently close to a bankruptcy if not yard soon find new vendors who are willing to pump huge sums into the yard. Otherwise, there is the prospect of a collapse in the first half of the 2016th.   STX Shipbuilding CEO Lee Byung-Mo recently sent a message to its employees, saying, “If we operate our company the way it is without special countermeasures


Korean Yard Wins LNG-FPSO Order

Image credit DSME

Korea's DSME Okpo shipyard wins its first order for a Malaysian LNG – FPSO facility DSME says it has won its first order for an LNG-FPSO from Pretroliam Nasional Berhad, Malaysia`s state-operated oil company. The design of this project is a joint effort between DSME and Technip, a France based offshore plant design company. The LNG-FPSO will be 300m long, 60m wide, and have the capacity to store up to a maximum 180,000㎥ LNG with an annual handling capacity of 1.2 million tons.


Germany's Nordic Yards Wins Innovation Award

Nordic Yard Warnemuende: Image credit Nordic

Nordic Yards receives Top 100 award from the Vienna University of Economics and Business at a Berlin ceremony. At a ceremony for the Top 100 companies at the Axel Springer Passage centre in Berlin, journalist and TV host Ranga Yogeshwar presented Nordic Yards’ managing director Vitaly Yusufov with the Top 100 prize for innovation. Nordic Yards is one of the companies whose innovative ideas are driving forward the shift to renewable energy


OPC: Making Naval History

Winning Design: an early drawing of the USCG-select Vard 7 110 from Vard Marine and an updated version from the U.S. Coast Guard. (Image: Vard Holdings)

In September, 2016, an U.S. shipyard and the Canadian design business of an Italian-owned Norwegian shipyard won the largest vessel procurement contract in U.S. Coast Guard history. Now, Eastern Shipbuilding will build nine — and possibly many more — Vard Marine designs in its Panama


Only One Bidder for STX France

Photo: STX Offshore & Shipbuilding

 The South Korean court handling the bankruptcy proceedings of STX Offshore & Shipbuilding Co. said that only a single bidder had submitted a binding proposal to buy the shipyard's profitable French unit, says a report by AFP.  


Gloomy 2017 for Korea Shipyards

3D Image of Logistics Support Vessel HHI to Build Under New Zealand Defence Force’s MSC Project. Photo: Hyundai Heavy Industries

 South Korea‘s three majors shipbuilders are forecast to get much fewer orders next year, Yonhap reports quoting industry sources.   The three shipyards - Hyundai Heavy Industries (HHI), Samsung Heavy Industries (SHI) and Daewoo Shipbuilding & Marine Engineering (DSME) - are


Arpoador Shipyard and Pre-salt FSVs

(Photo: Arpoador Shipyard)

Logistics hubs and Fast Supply Vessels will be key assets in the complex offshore transport solution Petrobras has devised for moving workers and goods, to and from Brazil’s remote pre-salt plays. Here is a look at a modern local shipyards building the heavy-duty aluminum vessels


BIW: $126m Deal to Modernize DDG 51's

The U.S. Navy has awarded General Dynamics Bath Iron Works, a subsidiary of General Dynamics (NYSE: GD), a $126 million contract extension to manage ongoing post-delivery modernization activities for Arleigh Burke-class (DDG 51) destroyers. The contract extension runs through December, 2017


Ohio Dredge Fleet Sets Dredging Record

Ellicott 460SL dredge, BRUTUS Photo ODNR

The Ohio Department of Natural Resources (ODNR) recently finished the 2016 dredging season, having removed more than 1 million cubic yards (apprx. 765,000 m3) of dredged material from state park lakes and other state properties. The State’s dredge fleet consists primarily of Ellicott Model


Ship Breaking Worker Killed in the Yard

 Only in 2016, at least 19 shipbreaking workers were killed and another 11 severely injured in the Bangladesh shipbreaking yard. More than 600 German-owned ships have been sold for scrap in SouthEast Asia since 2008 due to insolvencies and financial problems claims NGO Shipbreaking Platform.


Mainstay Lands New Vessel Contract

From left – Tim Gardener (Targe Towing, marine consultant), Stewart Graves (Mainstay Marine, managing director), Kevin Lewis (Mainstay Marine, operations director), Tom Woolley (Targe Towing, managing director (Photo: Targe Towing)

A designer, builder and maintainer of workboats and renewable marine energy devices has won a significant contract to construct a crew transfer vessel.   Mainstay Marine Solutions, which won against international competition, will build the boat at its deep-water facility in Pembroke Dock


Eneco Consortium Wins Borssele III&IV Tender

SDE+ Offshore Wind Energy Photo Eneco

The consortium of Eneco, Diamond Generating Europe, Shell and Van Oord has won the tender for the construction and operation of Dutch offshore windfarms Borssele III & IV. The preferred supplier for the wind turbines is MHI Vestas Offshore Wind.  


PPL Yards Not for Sale: SembMarine

Photo:  PPL Shipyard Pte Ltd

 Sembcorp Marine has denied the rumours that it was mulling the sale of all or part of subsidiary PPL Shipyard, according to a report in the Business Times.   "Neither our rig-building subsidiary PPL Shipyard nor any of the yards from which PPL is operating are up for sale


From Across the Big Pond

Stan Tug 3711 - (4x) to be built by Conrad Shipyard for Young Brothers (Photo: Damen)

With familiar faces, new partnerships and Houston office, Damen widens its North American profile with a flurry of new work orders.   With a flourish and a flurry of new business, Damen’s new U.S.-based office officially opened in Houston, Texas on July 1, 2016


DSME to Spin off IT Biz Unit

Photo: Daewoo Shipbuilding & Marine Engineering Co. (DSME)

 Daewoo Shipbuilding & Marine Engineering Co. (DSME) plans to spin off its IT business unit next year in an effort to streamline its business structure, reports Yonhap.   The unit, provisionally named DSME Information System, will be started on Jan. 1, the company said


Horizon Towboat for Florida Marine

The nineteenth vessel delivered to FMT  Photo Horizon Shipbuilding

Horizon Shipbuilding, Inc. of Bayou La Batre, Alabama has delivered the M/V A.B. York, a 120’ towboat, to its longtime customer Florida Marine Transporters (FMT).This is the nineteenth vessel delivered to FMT by Horizon and the ninth 120’ towboat.


Korea Rolls Out Indigenous Combat Operation System for Subs

File Photo: Daewoo Shipbuilding and Marine Engineering

 Daewoo Shipbuilding and Marine Engineering (DSME) has succeeded in producing the nation’s first integrated combat system, which serves as the brain of attack submarines.   The integrated combat system detects, tracks and identify targets and help accurately evaluate tactical and


New Building Price Dynamics Low On Impact

Graph: Clarksons Research

 Newbuilding prices have fallen fairly consistently since the end of 2014, and this trend has continued in recent months, says Clarksons Research.    Cutting newbuild prices can be an effective way for yards to stimulate new orders, but this is not always the case.   






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