Cse News

Chinese shipyard Guangzhou Shipbuilding International (GSI) has received an order for four MAN B&W 8S60ME-GI engines in connection with the building of four 10,800 CEU pure car and truck carriers (PCTC) for South Korean shipping owner, HMM Co. Ltd.CSIC Diesel Engine Co. Ltd (CSE) will build the Mk10.5 dual-fuel -GI (-gas injection) engines in China, which will feature exhaust gas recirculation (EGR) emissions-reduction technology for Tier III NOx compliance.Upon delivery, the PCTCs will go out on charter to Hyundai Glovis Co.…

WinGD has concluded a four-party agreement underwriting Belgian bulk carrier operator CMB.TECH’s order of X72DF-A ammonia-fueled engines.CSSC Qingdao Beihai Shipbuilding (QBS) and engine builder CSSC Engine Co (CSE) were the other signatories in the joint undertaking to power a series of 210,000dwt bulk carriers to be delivered from Qingdao through 2025 and 2026.Following confirmation of the engine order, the agreement advances the project between WinGD and CMB.TECH announced in January to develop the 72-bore ammonia-engine.

China Merchants Energy Shipping (CMES), the Shanghai-listed shipping giant and daughter company of China Merchants Heavy Industry (CMHI), has ordered an MAN B&W 7G80ME-LGIM (-Liquid Gas Injection Methanol) main engine in connection with the construction of a very large crude carrier (VLCC). The first such dual-fuel methanol order for the ship type, Dalian Shipbuilding Industry Co (DSIC) will construct the vessel with delivery due by April 2026.CSE (China Shipbuilding Industry Corporation Diesel Engine Co.…

China Merchants Heavy Industry has ordered two MAN B&W 7S60ME-LGIM (-Liquid Gas Injection Methanol) engines in connection with the construction of two 9,300 ceu (car equivalent units) PCTCs for China Merchants Energy Shipping (CMES).The order is the first order globally for the S60ME-LGIM variant, the first methanol-fuelled engine for a PCTC, and the first Chinese-built methanol engine.Engine manufacturer, CSE, will construct the engines in China with respective vessel delivery set for 2025 and 2026; the order also contains an option for an additional four vessels.

Piraeus Port Authority SA (PPA) was honored with a Special Award in the "Environment" category for the "Environmental Quality Monitoring Programs in collaboration with Academic Institutions and Special Scientific Associates” during the 4th Annual Sustainability Summit 2019, organized by the Centre for Sustainability and Excellence (CSE) in cooperation with the MBA International of the Athens University of Economics and Business.Upon receipt of the award, Mr. Nektarios Demenopoulos, Deputy Manager of Public Relations, Investor Relations & Company Announcements Department, stated: “For Piraeus Port Authority, the environmental protection is not only a priority but a part of its everyday business activities and an important criterion for any action it implements.

Aker Solutions reports Q4 2018 revenue of $813 million, an 8% rise compared to Q4 2017 powered by “significant international awards in a competitive, but improving market.” In total, order intake for the quarter was $615.6 million, leaving the company with an order backlog of more than $4 billion. Better still, looking forward the company sees “continued signs of a recovery in the global market” with approximately $5.2 billion worth of contracts currently in the bid phase.In analyzing the results…

The first commercial Low Pressure SCR system (LP-SCR)system from Japan Engine Corporation (J-ENG) has entered service onboard a major Singaporean container lines, PDL International’s 600TEU container vessel, M/V Southern Pearl.The system has supplied to a 6UEC33LSE-C2 engine, manufactured by J-ENG’s Chinese licensee, China Shipbuilding Industry Corporation Diesel Engine Co., Ltd. (CSE) and the vessel was built by Taizhou Kouan Shipbuilding Co., Ltd.Since J-ENG’s SCR system is compactly designed, the flexible arrangement can be realized and this time it was actually confirmed with the full scale vessel that the system is relatively easy to be installed in a small-size vessel with limited space for installation.Further…

Petrobras has awarded Aker Solutions a contract to provide maintenance and modifications services for nine platforms at oil and gas fields in the Campos Basin offshore Brazil.The Campos Basin extends approximately 100,000 square kilometers. The three-year contract is valued at more than BRL 250 million and includes an option for a two-year extension.Aker Solutions will be renovating, repairing and upgrading offshore production units for Petrobras' Campos Basin Operational Unit (UO-BC). The contract will also allow Aker Solutions to demonstrate its value as a full-service provider, and manage the yard where replacement parts and other equipment will be fabricated."We are pleased to expand our business in Brazil…

Norwegian oilfield services company Aker Solutions has won a contract to provide maintenance and modifications services for three platforms at Petrobras-operated oil and gas fields offshore Brazil. The four-year contract is valued at about NOK 800 million ($101.5 million) and includes an option for a one-year extension. The order covers a range of services to renovate, repair and upgrade the floating production storage and offloading platforms, or FPSOs, at the Barracuda, Caratinga and Albacora Leste fields in the Campos Basin. It also entails management at the yard where replacement parts and other equipment will be fabricated. "Brazil is an important global market and growth area for servicing oil and gas fields," said Aker Solutions Chief Executive Officer Luis Araujo.

Evergreen Line and Cosco Container Lines (COSCON) will launch a new joint service, the China South East Asia Express Service (CSE), expected to take effect from Shanghai on 26 July 2009. The service will operate with four 2,100 TEU vessels. Evergreen will deploy one vessel and three ships will be supplied by COSCON.   The port rotation is as follows: Shanghai - Dalian - Xingang - Qingdao - Ningbo - Manila (south) - Jakarta - Singapore - Tanjung Pelepas - Port Kelang - Shanghai. The company's spokesman said, "By working together, we hope to see significantly upgraded service coverage and more efficiently utilized capacity on the South East Asia market."

Science Applications International Corp., San Diego, Calif., is being awarded a $9,068,457 modification to previously awarded contract (N00178-04-C-2004) to exercise an option for continuing engineering support for engineering expertise to support Research and Development (R&D), Total Ship System Engineering, and Combat System Engineering (CSE) initiatives for the introduction of advanced technology into advanced combat systems, and for the modernization of current combat systems for surface ship combatants.   Work will be performed in , (90 percent), and (10 percent) and is expected to be completed by August 2009. Contract funds in the amount of $542,553 will expire at the end of the current fiscal year. The , Dahlgren Division, Dahlgren, , is the contracting activity.

Changes in the international political and economic climate will add new urgency to the theme of the Shiprepair & Conversion 2001 conference in London in November — gaining the edge in a competitive global industry. Marking the 10th anniversary of the event, the conference takes place alongside the industry's leading exhibition in the Grand Hall, Olympia, on November 28-29. A new pick-and-mix booking format offers cut-price entry to one or more of the four morning and afternoon sessions — giving delegates, exhibitors and visitors more scope to take part in both the conference and trade show, which will feature a record 360 exhibitors.

Algoma Central Marine has awarded a $5.5 million contract to Canadian Shipbuilding & Engineering for the conversion of a single-hulled tanker, 431 ft. (131.5 m) M.V. Algoeast, to double-hulled construction at its Port Weller Drydocks facility. The project, which is the first type of conversion ever to be done at a Canadian shipyard, will commence this December and expects to employ about 100 shipbuilders through the winter.

The Financial Mirror has reported that Ocean Tankers Holdings Pcl has covered its initial public offering but has requested an extension until November 8 in order to allow time to the CSE to open trading accounts for overseas investors, mainly Greek shipowners who are participating in the issue. Ocean Tankers offered a total of 3 mln shares during the IPO aiming to raise CYP 755.700 and according to confirmed reports has completed the issue at least one time. All the irrevocable applications have also been purchased by investors, mostly Greek shipowning groups. In view of the launch of the Common Trading Platform with the ASE on Monday October 30 and the inability of the CSE to process applications and open accounts mostly from overseas investors…

The Star has reported that Canadian Shipbuilding & Engineering Ltd. (CSE) will seek government money, cut labour costs and restructure before resorting to a sales process if necessary, the monitor overseeing its bankruptcy protection said in court documents. CSE was formed 20 years ago by the merger of the shipbuilding and repair divisions of two of Canada's biggest private shipping companies, Canada Steamship Lines and what is now called Upper Lakes Group Inc. The CSL Group — owned by former Prime Minister Paul Martin until 2003 — sold its remaining interest in Canadian Shipbuilding & Engineering in November. Upper Lakes Group Inc. now owns more than two-thirds of CSE, which had 420 employees when all its operations were running.

According to Financial Mirror, Ocean Tankers Holdings Public Co. will be the first ocean-going shipping company to go public on the Cyprus Stock Exchange later this summer, after the Nicosia bourse failed to attract the flotations of three other Cypriot-owned shipping companies. Stelios Haji-Ioannou’s Stelmar, Charalambos Mylonas’ Transmed and the Mouskas family’s Zela Shipping were all companies that took a stab at the island’s exchange and gave up as the CSE authorities deliberated endlessly about the criteria for listing. The Ocean Tankers initial public offering (IPO) of approximately $15m, representing 30% of the company after the flotation…

M.V. CSL Niagara, which was delivered by Port Weller Dry Docks this past July, is the largest seaway capable vessel on the Great Lakes. The two self-unloader resulting was formulated by joining the aft end of M.V. J.W. McGiffin to a complete new forebody built and outfitted by PWDD. Beginning with the new forebody being floated out of the building dock, McGiffin was then docked and its old forebody was cut and floated off — the new forebody was re-docked and joined to McGiffin's stern shortly after. Taking advantage of new maximum seaway dimensions resulting in cargo lifts, the vessel was selected to celebrate strong links between Canada Steamship Lines and the Niagara Region.