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Orders Worth

ABG Shipyard gets $254m Order

India’s largest private shipbuilding company ABG Shipyard Limited has received orders worth over $254.1m to build bulk and anchor vessels for shipping companies based in Egypt and Cyprus. The company has received an order worth around from Cyprus La-mnalco Ltd. for delivery of production support vessel. Another Cyprus-based Precious Shipping Public Company has placed a Rs 726 crore order to build five deadweight tonne bulk carriers. ABG also secured an order worth Rs 181 crores for two anchor handling vessels from Egypt based Maridive and Oil Services SAE. (Source: The Asian Age)


Daewoo Shipbuilding Wins Orders Worth $600m

Daewoo Shipbuilding & Marine Engineering Co., has won three orders worth a combined $600m to build six ships for three companies in Russia, Africa and Europe. Daewoo Shipbuilding & Marine Engineering will construct two crude oil carriers for Sovcomflot Group, Russia's largest shipping company, two tankers for a company in Liberia and two car carriers for Leif Hoegh & Co., a Norwegian shipper. The ships will be delivered to the companies by January 2011. Source:


Imtech Wins Defense Contract

Internatio-Mueller NV said its technology unit Imtech had won an order worth $35 million from British shipbuilder Swan Hunter. Imtech will provide technical systems for the first two of four amphibious transport ships which Swan Hunter, privately owned by Dutch millionaire Jaap Kroese, will build for the British Ministry of Defense. Negotiations are still taking place about similar orders for the two other vessels, Internatio said


Dolphin Offshore Gets $16m in Contracts

Dolphin Offshore Enterprises India Ltd said it has received two orders worth $16m for its diving support vessels.  One of the contracts worth $10m is to be executed within 3 months while the other from Punj Lloyd Ltd has a 2-month duration. Source:  Reuters


Korea Shipbuilder Wins Order for 8 Very Large Gas Carriers

LNG carrier: File photo cr. Gazprom

Daewoo Shipbuilding & Marine Engineering Co Ltd (DSME) has won two orders worth a total of US$640-million to build eight very large gas carriers (VLGCs) for two unidentified Asia-based firms reports Reuters. The South Korean shipbuilder said in a statement both firms had ordered four gas carriers each, all expected delivery to be completed by the second half of 2016. In related news, DSME recently issued the following listing for investors showing its 2014 orders and backlog.


Bangladesh-$20m in Vessel Orders

According to a report from The Financial Express, Bangladesh has received orders worth $20m for building two small vessels and a tugboat from Middle East countries at the region's biggest shipbuilding fair in Dubai. The country's ship builders, Ananda Shipyard and Slipways, acquired the new orders at the Seatrade Middle East Maritime 2008, the largest maritime event of its kind in the region. (Source: The Financial


Daewoo Shipbuilding Wins $520m in Contracts

Daewoo Shipbuilding and Marine Engineering Co., said it won shipbuilding orders worth a total of $520m from .  Daewoo said in a filing to the Korea Exchange the orders were for two very large crude oil carriers (VLCCs) and two bulk carriers. Source:  Reuters


India’s Shipbuilding Industry Cancels Orders

According to a report from The Economic Times, India’s shipbuilding industry may suffer cancellations of about 15% of their total orders, worth at least Rs 3,750 crore, as a slump in international trade in the wake of the global economic crisis has taken a toll on the sector, industry experts say. Orders for about 35 ships that were to be built in shipyards around the country face cancellation, compounding woes for a sector that is already facing a financing crunch as banks stop lending


HHI Reports Surge in Shipbuilding Orders

Photo: Hyundai Heavy Industries

South Korean shipbuilder Hyundai Heavy Industries (HHI) Group said it has won 62 new ship orders worth $3.8 billion for January-May period this year, a 500 percent increase for the comparable period last year when it received 12 ship orders worth $1 billion.   In May alone, HHI Group netted 20 ships worth $1.3 billion, and the total number and value of ships HHI Group won in May can be increased to 29 ships and $1.9 billion if all the options the group has are to be exercised


Daewoo Gets 690m Qatar LNG Order

According to reports, Daewoo Shipbuilding & Marine Engineering Co has secured an order worth 690m from Qatar Gas Transport Company to build three liquefied natural gas carriers. The vessels will be delivered by April 2009. The shipbuilder plans to boost its annual production capacity of LNG carriers to 15 from eight ships now by 2008. Source: Forbes


Korean Shipyards Look Bullish

Photo: Hyundai Shipbuilding Division

 South Korea's major shipyards are estimated to have racked up solid profit during the second quarter of the year, aided by the increased delivery of ships, cost-cutting measures and a rise in new orders, Yonhap reported citing industry sources.


Hindustan Shipyard May Get $3.1bln Order

Photo:  Hindustan Shipyard Limited

 India's Hindustan Shipyard Limited (HSL) has received a proposal from United Shipbuilding Corporation of Russia for a strategic partnership, The Hindu reported.   The report said that the Russian shipyard will be placing orders worth INR 200bln (USD 3.1bln)  immediately. 


Korea’s Big 3 Yards in Path of Recovery

Photo: Samsung Heavy Industries

 South Korea’s shipbuilders are expected to recover this year after suffering from a global industrywide slump, reported The Korea Economic Daily.   The report said that Hyundai Heavy Industries (HHI) and Samsung Heavy Industries (SHI) have already achieved more than a half of


South Korean Shipyards: Silver Lining for the Biggies

Photo:  Hyundai Heavy Industries Co., Ltd.

 Though South Korea’s big three shipbuilders -Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering, and Samsung Heavy Industries - showing signs of fiscal recovery this year,  orders at midsized shipbuilding companies remain sparse. 


USCG approval triggers Alfa Laval PureBallast retrofit orders

Photo Alfa Laval

As a direct consequence of its type approval by the U.S. Coast Guard (USCG), Alfa Laval PureBallast 3.1 has been selected for ballast water treatment on vessels owned by STAMCO Ship Management. The agreement is expected to generate orders worth around EUR 2.2 million to be booked during Q1 2017


Samsung Heavy Mulls $6 Bln Orders This Year

Image: Samsung Heavy Industries Co

 South Korean major shipbuilder  Samsung Heavy Industries Co  is aiming to clinch orders worth more than US$6 billion this year, South Korea's Yonhap news agency reported the company's head as saying.   Park Dae-young, president and CEO of the shipbuilder


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


Parker Bestobell Secures $5mln Contract

Photo courtesy of Parker Bestobell

Parker Bestobell Marine, a  supplier of cryogenic valves and part of Parker, a global leader in motion and control technologies, has secured a nine vessel order,  worth $5m, making it the single biggest order that the company to date.  


India's GSL Delivers Patrol Vessel to Mauritius

Photo: Press Information Bureau, India Govt

 Indo-Mauritian maritime defence Co-operation got another fillip with the delivery of first Fast Patrol Vessel, MCGS VICTORY, designed and built in-house by Goa Shipyard Limited(GSL) for Mauritius Coast Guard, on 26th September 2016 at GSL.   


Thyssenkrupp Marine Systems Awarded Service Order in Peru

Photo: ThyssenKrupp Marine Systems GmbH

 Thyssenkrupp Marine Systems, a leading global system supplier for submarines and surface vessels, has received a service order worth around €40 million from the Peruvian naval shipyard SIMA.    A key component of the order is the provision of consulting during the planning


Iran Strikes $2.4bn Ship Order with Korea

Image: Itexpo Team

 Iran has placed orders worth around $2.4 billion with South Korean shipyards for the construction of ships to carry Iran’s oil and petrochemical products, The Wall Street Journal says.    The orders have been placed by the Islamic Republic of Iran Shipping Lines (IRISL) and


Austal Wins Support Deal for LCS 8

Photo: Austal

Austal Limited announced it has secured an order worth nearly $11.8 million from the U.S. Navy to provide engineering and management services for advance planning and design in support of the Post Shakedown Availability for the Littoral Combat Ship Montgomery (LCS 8).  


Sembcorp Profit Halved as Clients Defer Projects

Revenue falls 30 pct; order book at S$9.7 billion. Singapore rig-builder Sembcorp Marine's quarterly profit halved as customers deferred projects, and it faces prolonged uncertainty on contracts from its biggest client, Sete Brasil, whose shareholders have approved its bankruptcy.


ABB to Link Offshore Wind Farm to UK Grid

Image - Hornsea Project One Courtesy ABB

High-voltage cable system to enable renewable energy supply from Hornsea Project One Offshore Wind Farm to around one million households     ABB has won an order worth more than $250 million from the Danish energy company DONG Energy to deliver a 220-kilovolt (kV) high-voltage


Another Brutal Year for Korean Shipyards?

Image: Samsung Heavy Industries

 2016 could be a brutal year for Korean Shipyards. Yonhap reports that the country's shipbuilders failed to clinch any new orders in January, underscoring the protracted slump in the global shipbuilding segment.   "January is usually an off-season for shipbuilders






 
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