Shipbuilders News

20 Mar 2019

Marine Hybrid quietly arrives … positioned to explode

The Harbor Harvest under construction (CREDIT: Robert Kunkel)

Hybrid is not only here, it is growing, and with that growth it will soon reach far beyond coastal applications.For those who were around for the arrival of Y2K, you will remember the anticipation, preparation and perspiration as the maritime world waited for the failure of communications, navigation, security and machinery associated with the digital change of the clock. The forecasts, now historical urban legend, left the world without a digital catastrophe.We wait now for 2020 and the advent of the IMO maritime emissions regulations.

15 Mar 2019

New IMR Vessel for Otto Candies

The 2018-built IMR vessel Paul Candies (Image: Otto Candies, LLC)

A new US-flagged inspection, maintenance and repair (IMR) vessel leverages three different propulsion systems for improved maneuverability and a high free running speed.The IMR vessel Paul Candies, built in 2018 by Louisiana builder Candies Shipbuilders and owned by its parent company Otto Candies, is equipped with two Combi Drives, two transverse thrusters and one retractable rudderpropeller from manufacturer SCHOTTEL.Due to two type SCD 560 STP SCHOTTEL Combi Drive azimuth thrusters the diesel-electric vessel reaches a top speed of 14 knots.

15 Mar 2019

Bouchard Takes Delivery of Yet another ATB Unit

M/V Evening Breeze

Bouchard Transportation Co. announced the delivery of ATB unit M/V Evening Breeze and Barge No. 252 (B. No. 252), respectively, from VT Halter Marine Inc. (VT Halter Marine) and Bollinger Shipyards.M/V Evening Breeze left VT Halter Marine’s Pascagoula Shipyard facility on Tuesday, March 12, 2019, and will meet and pair up with B. No. 252 before sailing to join Bouchard’s fleet service in New York.The Evening Breeze is 4,000hp meeting U.S. EPA-Tier 4 requirements, measuring 112 feet by 35 feet by 17 feet, and equipped with an Intercon Coupler System.

14 Mar 2019

South Korea 1st in Global Ship Orders

Image: Hyundai Heavy Industries

South Korean shipbuilders came in first worldwide in total new orders in February, outpacing Chinese rivals, Yonhap news agency said. It comes around 90 percent of the new vessel construction orders awarded in the month.According to the data compiled by industry tracker Clarkson Research Institute, Korean shipyards garnered new orders totaling 630,000 compensated gross tons (CGTs) in February to build eight ships (or 90 percent), out of the 700,000 CGTs (15 vessels).Third spot went to Japanese shipbuilders with 10-thousand CGT.In the first two months of 2019…

11 Mar 2019

MARAD Offers USD 20Mln to Small Shipyards

Image: U.S. Department of Transportation's  Maritime Administration

The U.S. Department of Transportation's  Maritime Administration (MARAD) has announced the availability of $19.6 million in federal funding to support capital improvements and employee training at small U.S. shipyards.The grants are provided through the Small Shipyard Grant Program, and are available to U.S. shipyards with less than 1,200 production employees.The grants support a variety of projects. This includes capital and related improvements as well as equipment upgrades that foster ship construction, repair and reconfiguration.

08 Mar 2019

HHI Group Inks Deal to Acquire DSME

(Photo: DSME)

Hyundai Heavy Industries (HHI) Group and Korea Development Bank (KDB) signed on Friday a definitive agreement to acquire Daewoo Shipbuilding & Marine Engineering (DSME), in the presence of Kwon Oh-gap, Vice Chairman & CEO of HHI Holdings; Ka Sam-hyun, President & CEO of HHI; and Lee Dong-gull, Chairman & CEO of KDB.Under this definitive agreement that builds on the heads of agreement signed between HHI and KDB on January 31, 2019, KDB will make a contribution-in-kind to Korea Shipbuilding & Offshore Engineering (KSOE…

08 Mar 2019

IRClass Wins ASW Corvettes for Indian Navy

Mr. Suresh Sinha (Photo: IRClass)

The Indian Register of Shipping (IRClass) has won an order for providing classification services for a series of 8 Anti-Submarine Warfare Corvettes to be constructed for the Indian Navy. The order was awarded under competitive bidding in which other classification societies participated, after qualifying stringent technical requirements.The ships are to be constructed at the Garden Reach Shipbuilders & Engineers Ltd, Kolkata and will be built to IRClass’ Naval Rules 2015.These ships are designed for combating threats posed by submarines and special underwater craft…

08 Mar 2019

Fincantieri Pact with Genova Industrie

Image: Genova Industrie Navali

Two Italian shipbuilders - Genova Industrie Navali (GIN), a holding company by two historic Genoese shipyards, T. Mariotti and San Giorgio del Porto, and Fincantieri -have reached a cooperation agreement covering different areas, from new buildings, to ship repair, conversions and outfitting.The agreement provides for the acquisition by Fincantieri of a minority stake in GIN Group’s holding company and an option for a minority stake in T. Mariotti.Fincantieri’s stake will allow GIN to achieve further financial strength…

04 Mar 2019

Phillipines Looks to Attract Shipbuilding

Image: Maritime Industry Authority

The Philippines maritime regulator Maritime Industry Authority (Marina) said it wants to attract private organizations to continue engaging in shipbuilding and repair by developing a scheme of tax incentives.Marina also said that the incentives program is crafted for domestic shipping to enhance the investment climate in the Philippines and attract more private-sector participation in the maritime industry.“Marina has committed to formulate an attractive financing scheme and to review existing incentive programs for the players in the domestic shipping and shipbuilding industries.

01 Mar 2019

Zvezda Shipbuilding Gets USD3.09bln

Image: Zvezda Shipbuilding

Over 202 billion rubles ($3.09 billion) will be allocated for the construction of the Zvezda shipbuilding complex in Russia's Far Eastern Primorsky Region, of which 66 billion rubles have already been given.According to Sputnik, the Zvezda shipyard, once completed, will comprise production facilities and workshops for that will be used to build marine equipment, including gas carriers, tankers and nuclear icebreakers.The report quoted Russian Deputy Prime Minister Yury Borisov…

25 Feb 2019

Engine Service Work Complete for Britannia Aggregates

Photo courtesy of Royston

Power specialist Royston has completed an extensive overhaul of diesel engines on a Britannia Aggregates’ owned and operated dredger, which extracts sand and gravel from the seabed.Engineers undertook the service work onboard the 100m, 3,610 gross tonnage Britannia Beaver, as part of a comprehensive refurbishment and maintenance program of essential power systems.The 1991 built A class dredger, which operates around the south-east coast of the UK, delivers aggregates to Brett-owned wharves around the South East of England…

22 Feb 2019

HII Delivers DDG 117 to U.S. Navy

(Left to right) Cmdr. Robby Trotter, Cmdr. Scott Williams and Donny Dorsey sign the delivery document officially handing ownership of the destroyer Paul Ignatius (DDG 17) from Ingalls Shipbuilding to the U.S. Navy. Trotter is the ship’s prospective commanding officer; Williams is the DDG 51 program management representative for Supervisor of Shipbuilding, Gulf Coast; and Dorsey is Ingalls’ DDG 117 ship program manager. Photo by Derek Fountain/HII

Huntington Ingalls Industries’ Ingalls Shipbuilding division delivered the Arleigh Burke-class guided missile destroyer Paul Ignatius (DDG 117) to the U.S. Navy today with shipbuilders, ship’s force and representatives of Supervisor of Shipbuilding, Gulf Coast in attendance.The signing of the DD 250 document officially transfers custody of the ship from HII to the Navy. Paul Ignatius is scheduled to sail away from the shipyard in June.DDG 117 is named in honor of Paul Ignatius, who served as the 59th Secretary of the Navy, from 1967 to 1969.

21 Feb 2019

Green Maritime Methanol Project Gets a Boost

Image: TNO

Shipowners, shipyards, manufacturers and ports have joined forces to investigate the feasibility of methanol as a sustainable alternative transport fuel in the maritime sector.Major shipowners Boskalis, The Royal Netherlands Navy, Van Oord and Wagenborg Shipping will take part in the consortium, together with shipbuilders, Damen Shipyards, Feadship, Royal IHC and major marine engine manufacturers Pon Power and Wärtsilä together with their trade association VIV.Specialized marine…

20 Feb 2019

GE to Supply Equipment for Indian Navy’s Frigate

Indian Navy P17 frigate (Photo courtesy of GE Marine)

GE Marine will provide gas turbine auxiliary equipment for the LM2500 engines that will power the Indian Navy’s new P17A frigates. This contract is with India-based Mazagon Dock Shipbuilders Limited (MDL) and Garden Reach Shipbuilders and Engineers Limited (GRSE), GE reported today at the Aero India trade exhibition.Under the contract, GE will provide gas turbine auxiliary equipment for seven ships to support the 14 LM2500 engines previously supplied under a separate contract.

20 Feb 2019

DSME Workers to Strike Against HHI Takeover

Image: Hyundai Heavy Industries

Workers at South Korea's Daewoo Shipbuilding & Marine Engineering (DSME) voted on February 19 to strike to oppose Hyundai Heavy Industries (HHI)’ proposed takeover.According to labour union, the approval for the proposed strike heralds a bumpy road for a mega deal between HHI and the state-run Korea Development Bank (KDB).The decision to go on strike was supported by a majority of DSME workers in a meeting on February 19, Yonhap reported citing the workers’ 5,600-member union.

19 Feb 2019

Qatar to Buy Up to 60 New LNG Vessels

Saad Sherida Al-Kaabi, Minister of State for Energy Affairs, President & CEO. Photo: Qatar Petroleum

Qatar Petroleum (QP) is expected to order 60 new liquefied natural gas (LNG) carriers to serve new customers once it ramps up its annual capacity from the current 77 million tonnes (mt) to 110 mt after building four liquefaction trains by 2024.A report in Gulf Times quoted the Minister of State for Energy Affairs Saad bin Sherida al-Kaabi, who is also president and CEO of QP saying that the state-run oil company has a team, which is in talks with different ship builders worldwide.“It should be between 50 and 60 vessels that we will require to transport the expanded output of LNG.

12 Feb 2019

INPEX Selects NAPA for LNG Carrier Fleet

Image: NAPA

Japan's largest oil and gas exploration and production company INPEX Corporation has installed ClassNK-NAPA GREEN for monitoring operations on three of its liquefied natural gas (LNG) carriers.NAPA said that Inpex awarded a deal to the company for the provision of a solution for monitoring and follow-up of ship operations on two LNG carriers built to service the Ichthys project and one LNG carrier for Shell’s Prelude FLNG project.With the core motivation of accurately verifying the technical performance of these highly complex carriers…

31 Jan 2019

World's Largest Shipbuilders in $2 Bln Mega-merger

(Photo: Hyundai Heavy Industries)

Resulting entity would control about 20 pct of global market; Daewoo shares rally 22 pct; Hyundai Heavy shares fall.Hyundai Heavy Industries, the world's biggest shipbuilding group, has announced a share swap deal worth 2.1 trillion won ($1.98 billion) to take over second-ranked Daewoo and create a global heavyweight controlling over 20 percent of the market.The move comes as the worldwide shipbuilding sector recovers from a global economic downturn that led to massive losses…

31 Jan 2019

Hyundai Heavy Seeks to Acquire DSME

 Image: Hyundai Heavy Industries

South Korea's "Big Three" shipbuilders may soon become the "Big Two". South Korea’s Hyundai Heavy Industries (HHI) has expressed interest to buy its rival Daewoo Shipbuilding & Marine Engineering (DSME), the local media has reported.The world’s biggest shipbuilder plans to buy a majority stake in in second-ranked rival from the state-run Korea Development Bank (KDB), WSJ reported quoting people directly involved in the matter.The move would consolidate HHI's position as the top South Korean shipbuilder and create a new industry giant.According to the report…

30 Jan 2019

Hyundai Heavy Mulls Stake in rival Daewoo

File Image: AdobeStock / © Nightman

South Korea's Hyundai Heavy Industries Group, the world's biggest shipbuilder, is interested in buying a stake in second-ranked rival Daewoo Shipbuilding & Marine Engineering, a Hyundai official told Reuters on Wednesday.The comments follow the group's holding firm saying on Monday it planned to sell part of its stake in refiner Hyundai Oilbank to Saudi Aramco for as much as 1.8 trillion won.State-funded Korea Development Bank (KDB) holds a 55.7 percent stake worth 2.16 trillion won ($1.94 billion) as of Wednesday's closing price in Daewoo."Hyundai Heavy held talks to buy the Daewoo stake," th

29 Jan 2019

China Leads Global Shipbuilding Industry: Cansi

Image: China Shipbuilding Industry Corporation

Chinese Association of the National Shipbuilding Industry (Cansi) said that China maintained its top position in the global shipbuilding industry in 2018.Chinese companies built 43.2 percent of the new ships in the world last year, up from 41.9 percent a year ago, cementing the country's leading role in the sector, Xinhua reported quoting Cansi.It said that China received 43.9 percent of global new orders last year and held 42.8 percent of the current orders.From the 1950s to the beginning of the 21st century…

29 Jan 2019

Qatar Mulls Buying 60 New LNG Carriers

Image: Samsung Heavy Industries

Qatar’s energy minister Saad Sherida Al-Kaabi, who also serves as deputy chairman of Qatar Petroleum (QP), outlined plans to order 60 new liquefied natural gas (LNG) carriers.Reuters, quoting a statement issued by South Korea’s presidential office, reported that the energy minister expects cooperation with experienced Korean shipbuilders on constructing the LNG carriers.Qatar is the world’s largest supplier of LNG, with an annual production of 77 million tons. Last year, it announced…

24 Jan 2019

IRClass Wins Two Indian Navy Contracts

Logo: IRClass

The Indian Register of Shipping (IRClass) has secured a contract for the provision of classification services for four large survey vessels for the Indian Navy. These 110 meter vessels, which will be constructed by the Garden Reach Shipbuilders and Engineers Ltd., Kolkata, are the largest hydrographic survey vessels ever constructed for the Indian Navy.IRClass has also been awarded the classification services for two diving support vessels by Hindustan Shipyard Ltd., Visakhapatnam to be built for the Indian Navy.

Maritime Reporter Magazine Cover Mar 2019 - Cruise Shipping

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News