China Shipyard Wins Four Bulkship Orders
Jiangsu New Yangzijiang Shipbuilding has been contracted to build four 82,000 dwt bulk carrier orders for Hong Kong owner Everbright Metal. Each ship will have a length of 229 m (751 ft) breadth of 32.26 m (106 ft) and draft of 14.45 m (47.4 ft), and all the four ships are expected to be delivered between the fourth quarter of 2013 and the third quarter of 2014. Currently New Yangzijiang Shipbuilding has orders for 53 vessel on hand made up of 16 bulkers, 6 woodchip transport vessels and 31 containerships.[
Nam Trieu Begins Construction on 56,200 ton Vessel
According to VNS, Nam Trieu Shipbuilding Industry Corporation, under the Viet Nam Shipbuilding Industry Group, began construction of a 56,200-tonne vessel, the first of three vessels for Japan’s Lavender Maritime S.A. The 623 ft. will be built under Japan’s NK Register in 22 months. Nam Trieu has also signed contracts to build four multi-purpose vessels worth $17m and vessels to transport automobiles capitalized at $2 billion. Source: VNS
Iran to Build Rickmers Ships
The contract to build four ships for Germany is awarded to Sadra of Iran, according to a report on www.mehrnews.ir. Total value of the project is $120m and the first ship will be seaborne in 30 months. The ships are ordered by north German-based Rickmers Shipping Lines and have a cargo capacity of 25,000 tons each. They would be used for freight transport from Europe to other destinations worldwide.
STX Shipbuilding Wins $199m Deal
SEOUL, Sept 29 Asia Pulse - South Korea's STX Shipbuilding Co. said Friday it has won a $198.6m deal to build four container carriers for a Japanese company. STX Shipbuilding will deliver the vessels for NYK Line, Japan's leading logistics company, by the end of 2009, the company said in a regulatory filing. The company, ranked seventh in the world by order backlog, earlier this week revised its order target for this year upward to 73 ships from 54 vessels.
Vela Awards Hyundai VLCC Contract
Vela International Marine, the shipping arm of Saudi Aramco, reportedly has awarded Hyundai Heavy Industries a contract to build four very large crude carriers (VLCCs). The 300,000-dwt VLCCs would each be able to transport two million barrels of crude oil to customers in Europe, the Far East and North America, SPA said. The new tankers, to be delivered between 2002 and 2003, would replace old tankers due to be put out of service. Vela's fleet consists of 15 vessels.
L&T Wins Contract
Larsen and Toubro Ltd (L&T) has won a contract valued at about $240m to build four specialized ships for Dutch company RollDock BV. Indian companies are currently building about 245 ships worth more than Rs20,000 crore. Of this, about 70% are for overseas clients, who are placing orders at Indian yards as shipbuilding facilities in maritime strongholds such as , and are fully booked till 2011. Each ship will cost about $60m to build
BIDV Signs Credit for Oil, Chemical Tankers
The Bank for Investment and Development of Viet Nam’s Hai Phong branch has signed a credit guarantee with Pha Rung Shipbuilding Co for the construction of four oil and chemical tankers on behalf of South Korea’s Fortune Marine Co. The bank will guarantee repayment of loans to build four tankers, worth $42.3m. The bank last year also signed a credit guarantee with Pha Rung for the building of an oil and chemical tanker for South Korea’s YN Shipping
Four New Tugboats for Burrard Inlet
According to a Sept. 29 report from BIV Business Today, a new set of state-of-the-art tugboats will ply the waters of Burrard Inlet next year, Seaspan International Ltd. announced. The North Vancouver company recently signed a contract with Turkey’s Sanmar Denizcilik Shipyard to build four ship assist tugs, the largest build commitment of a single class of vessels for the company in more than three decades. Vancouver-based naval architects Robert Allan Ltd. designed the RAstar 28m tugs
Strategic Marine Contract, Leighton-Saipem Consortium Vessels
Strategic Marine won the contract to build four new workboats for Leighton-Saipem Consortium for use by the Chevron operated Gorgon Project. The vessels will be built at the company's Henderson Shipyards and used to transport workers to and from construction barges operating at Barrow Island as part of the LNG jetty and marine structure contract for the Gorgon Project. Strategic Marine Chief Marketing Officer Terry O’Connor said these vessels would be the first delivered under the
Malaysian Offshore Operator's Newbuilding Program
Malaysia-based offshore oil field services provider, Bumi Armada Berhad (“Bumi Armada”), announce its newbuild programme, ’Steel on Water 2’ Bumi Armada Berhad has issued a Letter of Intent (“LOI”) for four Multi-Purpose Platform Support Vessels (“MPSV”), with an option to build four additional units. This newbuild programme follows fast on the heels of the company’s ‘Steel on Water 1 Programme’ of 20 newbuilds which
Woes Mount for ABG Shipyard
The Indian ministry of defence (MoD) has terminated the contracts with India's ABG Shipyard, which already was out of the race for $2.6-billion four Landing Platforms Docks (LPD). This comes as another serious setback to the Shipyard after it was listed as non-performing asset (NPA) accounts by the Reserve Bank of India (RBI) for fast resolution under the insolvency law. ABG Shipyard has failed the corporate debt restructuring (CDR) carried out by ICICI bank.
DSME Bags 4 VLCCs Order from Angelicoussis
South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) won its second order from Maran Tankers Management (MTM), a subsidiary of Greek shipping giant Angelicoussis Shipping Group, to build four very large crude carriers (VLCCs). Yonhap quoted a regulatory filing of Daewoo saying that it will deliver the 318,000-ton vessels by Aug. 20, 2019. The vessels, 336 meters long and 60 meters wide, will be powered by eco-friendly and fuel-efficient engines
Repeat NYC Ferry Business for Metal Shark
Metal Shark Building Four 350-Passenger Vessels and an Additional 150-Passenger Vessel for NYC Ferry. Louisiana-based shipbuilder Metal Shark is once again building multiple high-speed aluminum catamaran passenger vessels for the NYC Ferry Service Operated by Hornblower. In early August, Metal Shark received orders from Hornblower for four 97’ x 28’, 350-passenger USCG Subchapter K vessels
Conrad Awarded 9-Barge Build Contract
Conrad Shipyard said it has been awarded a contract to build four anchor barges, two deck barges and three crane varges for Great Lakes Dredge & Dock Company LLC (GLDD), headquartered in Oak Brook, Ill. The four anchor barges will be built in Louisiana at Conrad’s Morgan City Shipyard, and the deck and crane barges will be built at its shipyard in Orange, Texas. Conrad Senior Vice President and Director Dan Conrad made the announcement: “We have delivered seven vessels
Philly Shipyard Lays Keel for Second APT Tanker
Philly Shipyard, Inc. (PSI) held a keel laying ceremony for the second product tanker in a four vessel order for Kinder Morgan, Inc. subsidiary American Petroleum Tankers (APT). Representatives from Philly Shipyard and Kinder Morgan were in attendance to place coins on one of the keel blocks before the 650 ton unit was lowered into place in the dry dock. When completed in 2017, the product tanker will be 600 feet long and capable of carrying 50
NLNG Adds New Vessels
The Nigeria Liquefied Natural Gas Limited (NLNG) will this month receive the last of the six new vessels it bought for the transportation of liquefied natural gas (LNG) to various parts of the world, says a report in The Nation. Five of the six vessels were already delivered between November last year and March this year, said NLNG Managing Director, Babs Omotowa. He added that the acquisition of the new ships became imperative as Train plant approaches nameplate
Young Brothers Orders Four New Tugs from Conrad
Young Brothers, Limited, Hawai‘i’s largest inter-island cargo service provider, and Conrad Shipyard, signed a contract to build four new tugs, a nearly $80 million investment that is designed to support Young Brothers’ overally service efficiency. The first tug will be delivered in the first quarter of 2018, and the fourth by the first quarter of 2019. “Our investment in these new tugs will directly support and further our commitment to frequent, reliable
Conrad to Build Young Brothers' New Tugs
Conrad Shipyard of Morgan City, La. has signed a contract to build four Damen Stan 3711 tugs for Young Brothers, Limited of Hawaii, announced Conrad President and CEO, Johnny Conrad. The four new twin-screw tugs are 123-feet in length with a 36.5-feet beam and powered by G.E. 8L250 engines rated at 6,000 horsepower. Designed for high stability and maneuverability, the tug has a maximum bollard pull of 80-metric tons and a top speed of 12.5 knots.
Vard to Build Four Expedition Cruise Ships
Vard Holdings Limited announced that it has secured contracts to build four luxury expedition cruise vessels with French cruise company PONANT. The contracts follow on a Letter of Intent (LoI) reached in March 2016, which set out several conditions to be met including satisfactory financing. All conditions have now been fulfilled and the contracts have become effective. The ice-class expedition cruise vessels will be approximately 10,000 gross tons, about 131 meters long
Submarine Market Valued at Nearly $23 Billion
The submarine market will be valued at $22.8 billion this year. By 2026 the market will reach $36.3 billion, according to Strategic Defence Intelligence. This represents a compound annual growth rate of (CAGR) of 4.74%. Spending will increase $2.8 billion this year, and is forecasted to reach $3.3 billion in 2026. This represents a CAGR of 1.7%. Factors such as the replacement of aging submarines
Furetank and Älvtank Extend LNG Tanker Order
Furetank and Älvtank extend the order with two more of next generation Intermediate Product/Chemical Tankers with LNG propulsion. Furetank Rederi AB and Rederi AB Älvtank have added the previous order with two more newbuildings. Last year a contract signed by the constellation Furetank, Älvtank and Thun Tankers to let build four chemical/product tanker in the intermediate segment of the Chinese shipyard Avic Dingheng Shipbuilding.
Vyborg to Build Four Trawlers for ATF
Arkhangelsk Trawl Fleet (ATF) has entered into contract with Vyborg Shipyard for the construction of a series of fishing trawlers. The shipbuilding contract, signed at the the International Forum "The Fishing Fleet - New Impulse to Development" in Murmansk in March 2016, entered into force in November 2016. For ATF, Vyborg Shipyard, a group member of United Shipbuilding Corporation (USC), will build four "turnkey" medium-size trawlers project ST 116 XL to be
'Submarines Affair' Prompts Investigations in Israel and Germany
Questions over the purchase of German submarines that started with media reports of a potential conflict of interest involving Prime Minister Benjamin Netanyahu's lawyer have mounted in the last 10 days, spurring investigations in two countries. At one level the issue is straightforward: Israel wanted to replace some of its ageing submarines and maintain its military edge against potential threats like Iran, so it ordered three new submarines, costing $1
First LNG-fueled Aframax Tankers Ordered
Hyundai Heavy Industries Group reports $240 million order for the world’s first liquefied natural gas (LNG) fueled aframax tankers Hyundai Heavy Industries’ shipbuilding affiliate Hyundai Samho Heavy Industries (HSHI) said it recently won a $240 million order to build four 114,000 DWT Ice-Class IA aframax tankers from Sovcomflot, the Russia’s state-owned shipping company. The vessels are said to be the world’s first LNG-fueled aframax tankers
Private Equity Boost for Hyundai Samho
South Korea’s Hyundai Samho Heavy Industries (HSHI), a shipbuilding affiliate of Hyundai Heavy Industries (HHI), said it has attracted 300 billion ($264 million) won investment via pre-IPO. Under the agreement signed with Korean private equity firm IMM Private Equity, HSHI will issue 5.36 million new convertible preferred shares and IMM PE will pay 300 billion won ($264 million) in total to acquire the shares at 56,000 won per share.