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 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 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
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.
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.
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
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
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
Aker Verdal has been awarded a contract from Nexen Petroleum U.K. Limited for fabrication of the flare and bridges for its operated Buzzard field in Blocks 19/5, 19/10, 20/1 and 20/6 of the UK Sector of the North Sea. The contract was won by Aker Verdal through an international competitive bidding process, and is important to the yard in Verdal. The contract is for the construction, load-out and sea-fastening of one flare and two bridges
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
The U.S. Navy awarded General Dynamics Bath Iron Works a $100 million contract to provide planning yard services for the Littoral Combat Ship (LCS) program. General Dynamics Bath Iron Works is a business unit of General Dynamics. Bath Iron Works, as the LCS Planning Yard
The all-electric Zero Cat ferry, currently under construction at the Fjellstrand yard in Norway, will enter service next year with Norled as the first Norwegian vessel equipped with Survitec Group's most advanced ESS MES automatic escape slide system
Gibdock remarks it has continued to see its stock rise amongst the German shipowner community over the past year. Indeed the Gibraltar ship repair yard’s recent client list reads like a ‘Who’s Who’ of leading German shipowners and managers
Gibdock has continued to see its stock rise amongst the German shipowner community over the past year. Indeed the Gibraltar ship repair yard’s recent client list reads like a ‘Who’s Who’ of leading German shipowners and managers
Australia's North West Shelf liquefied natural gas (LNG) export project awarded at least one cargo each to Shell and Norway's Statoil following a tender, sources with knowledge of the matter said. The sell tender for four cargoes loading in October and November was launched last week
Global Marketing Systems, Inc (GMS) has welcomed the announcement that German owner, Hapag-Lloyd, will no longer sell vessels to recycling yards that do not comply with strict environmental regulations and guidelines. Dr. Anil Sharma, President and CEO of GMS
Preferred shares of Brazilian state oil company Petrobras rose sharply on Friday as investors bet that President Dilma Rousseff will not be able to win re-election in the first round of the October elections. The death of the presidential candidate Eduardo Campos in a plane crash on
Yoon Sang-Jick, Minister of Trade, Industry, and Energy (MOTIE) of Korea, held a meeting to check pending issues faced by Korean shipbuilding and offshore plant industry at Seoul Palace Hotel recently. The meeting was intended to examine current status of overseas and home industry and
Ramco Systems has announced that it has been awarded a five-year contract from the Asia division of Vopak, the world’s largest independent tank storage provider, to integrate a part of its regional Human Resource functions into a single platform.
Dredge Yard announced it will for the first time participate in the Latin American Congress of Ports that will be held in less than a week in Puerto Iguazú in Argentina. Dredge Yard’s objectives are to showcase its latest innovations in realm of dredging and mining equipment
MacGregor, part of Cargotec, has secured a new contract from Chinese shipbuilder, Fujian Mawei Shipbuilding Ltd., for two 100-metric-ton active heave-compensated subsea MacGregor cranes. The cranes will be fitted to two 86-meter multipurpose platform supply vessels (PSVs) under construction at the
In July Hydrex mobilized a team of diver/technicians to Syros, Greece, for a complex repair operation on a 118-meter, 8550 DWT chemical tanker. The vessel had suffered large cracks in her hull plating as the result of a collision. She was not allowed to sail any further
Jim McColl, one of Scotland's richest men, has tabled a bid to rescue collapsed Clyde shipbuilder Ferguson and aims to return the yard to its former glory by creating hundreds of jobs, according to HeraldScotland. The engineering tycoon, who saved about 550 jobs at Weir Pumps in Glasgow in 2007
Flensburger Schiffbau-Gesellschaft (FSG) says it will be headed by a new management team from January 1st 2015, details as follows: Current Chief Technology Officer Frank Bywater will be joined by Markus Bartsch as new Chief Executive Officer
Macduff Shipyards Ltd. has received a contract worth more than £3.3 million pounds from Scottish Sea Farms for the design and build of four 19.8-meter 150T steel salmon feed barges and two 15m landing craft general purpose fish farm vessels.