Aker Yards Wins Cruise Ship Deal
Aker Yards has announced that the Aker MTW Werft GmbH yard in Germany has won a $377.9 million deal to build two cruise liners. The liners, ordered by Aida cruises Ltd., will be 662.7 ft. (202 m) long and have a capacity for 1,600 passengers. Delivery will occur in the first quarter 2002 and the first quarter 2003.
Vyborg Shipbuilding Yard Wins Fishing-Refrigerating Contract
According to a Turkmenistan report, the Vyborg Shipbuilding Yard of Russia won a contract to design and build six fishing-refrigerating vessels for the State Committee of Fishing Industry of Turkmenistan. Turkmen President Saparmurat Niyazov signed a relevant decree yesterday. The value of the contract is approximately $148.5 million. Construction work is scheduled to begin in January 2006, with delivery by April 2008. Source: Turkmenistan
Aker Yards Wins PSV Contract
Aker Yards has signed a contract with Island Offshore VI K/S, a company within the Island Offshore Group in Ulsteinvik, Norway, to deliver a UT 776 E platform supply vessel. The value of the contract is NOK 235 million. This is the 16th contract between the shipowner, Island Offshore Group in Ulsteinvik and Aker Yards. The hull for the PSV will be built in Romania. Delivery of the vessel is scheduled for March 2007.
S Korea Wins Half of World’s Shipbuilding Orders
South Korean yards won half of the world’s shipbuilding orders in the first half of this year, the News International reported. The Ministry of Knowledge Economy and the shipbuilding industry said yards secured orders for 12.40 million compensated gross tons, or 50.6 per cent of the world’s total. It said overall global demand fell sharply compared to 2007 but the proportion of orders won by local companies increased. In 2007, secured 38.9 percent of all orders placed against 37.3 percent for its main rival . In the first half, ’s share dipped to 34.3 percent. Shipbuilding is one of the country’s top five export industries with the total value of overseas sales reaching $27.68 billion last year.
KMY Wins Two-Ship Order From RCL
Kvaerner Masa Yards won a $1.09 billion contract to build two ships for Royal Caribbean Cruises (RCL). The Eagle-type cruise ships are scheduled to be ready for delivery in 2002 and 2003. "The intentional agreement has been signed under the conditions that the yard can finance construction of the ships," Kvaerner said. "Even though Kvaerner has decided to pull out of shipbuilding and concentrate its operations in other fields -- and the process to find a new ownership structure for Kvaerner Masa Yards is ongoing-- we welcome the deal," Kvaerner Chief Executive Kjell Almskog said. Almskog said the deal boosted the yard's current order book to 19.9 billion crowns from 10.8 billion crowns.
Aker Yards Wins Order for Vessels at New Yard in Vietnam
Aker Yards has entered into a contract with Aker Capital for building of six Anchor Handling Supply Vessels at Aker Yards new shipyard in Vietnam. The vessels are Anchor Handling Supply Vessels, based on the Aker Yards design AH 08. The first delivery is scheduled in 2010, and the sixth in 2012, final delivery date to be confirmed and adjusted according to the construction of the new shipyard in Vietnam. There is also agreed an option with the potential to build another six vessels. Environmentally friendly technology with focus on low fuel consumption and meeting the Clean Design standard are key characteristics. The vessels will have a bollard pull in excess of 145 tons, and will be outfitted with a winch of 350 tons.
Aker Yards Wins PSV Contract
Aker Yards has confirmed an optional agreement with Volstad Shipping AS, Ålesund, for the building of a Platform Supply Vessel worth approximately $38 million. Delivery is scheduled for September 2007 from Aker Yards, Brattvaag. The vessel has the designation ST 216 L-CD by Skipsteknisk AS, with focus on environmental friendly and safe operations. The hull will be built in Romania. Fast facts: Vessel type ST 216 L-CD, PSV Contract value Approx. $38 million (NOK 250 million) Yard Aker Yards, Brattvaag Delivery time September 2007 Length and width 306 ft (93.4 m) x 63 ft (19.2 m) Design Skipsteknisk AS Cargo capacity 5,000 tons
Cammell Laird Extends Repair Reach West
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.
Scheldepoort Wins Naval Frigate Contract
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. Technology has moved on considerably since the vessels were built, some 12 years ago, by our sister company Damen Schelde Naval Shipbuilding (DSNS), he says.
Vittoria Shipyard Enters International Tug Market
Vittoria Shipyard, which is one of Italy’s main constructors of military and commercial boats, has laid down the challenge to the international tug market with orders from the Russian and Algerian governments for a total value of 15 million Euros. In the case of Russia, which is known around the world for the severity of its regulations and high quality and security standards, Vittoria Shipyard will build one of the boats that will be used in the operations scheduled for the scrapping of nuclear submarines that have been decommissioned by the Russian Navy.
Aker Yards Wins Container Vessels Contract
Aker Ostsee in Germany, a part of Aker Yards, has been awarded a contract to build two plus two container vessels for Thien & Heyenga Bereederungs- und Befrachtungsgesellschaft m.b.H. in Hamburg (Germany). The vessels are of the newly developed type Aker CS 1700. The total contract value is approximately EUR 120 million. The contract for two of the vessels is due to settlement of financial issues. The vessels are due to delivery in the second quarter of 2006 as well as in the first and second quarters of 2007. Thien & Heyenga ordered four 2,700 TEU container vessels in 2004 which will be delivered in the second half of 2006. The vessels of the type Aker CS 1700 are 182 m long and 25.2 m wide, with deadweight of about 24.200 t.
Gibdock Quickly Repairs Pullmantur Zenith
Gibdock’s growing reputation as one of the leading cruise ship repair and refurbishment centres in the Mediterranean has been enhanced by the docking of the 42,255 gt, 1992-built Pullmantur Zenith. The vessel arrived in Gibraltar on November 7th for work that had to be completed within tight time constraints and left on schedule on November 20th, en route to Brazil for its next cruise itinerary. Gibdock was tasked with renewing the rudderneck bushes, which required the drilling…
Shipbuilding Prices Firm Up
International shipbuilders enjoyed a healthy year, with the main contributors being tankers and container vessels. Following upon these ordering activities, R.S. Platou saw shipbuilding prices firming up from the bottom level the previous year. Price for the tankers increased on average by 16 percent but the corresponding figure for container vessels was only 6.5 percent. Bulk prices showed a firming almost equal to that of tankers, but ended at an average of 13 percent after the prices for smaller bulkers softened towards the end of the year. Korean yards were again this year the most aggressive, securing 46 percent of all new orders, equaling 18.5 mill. cgt. Proof of their dominance was that they secured 71 percent of all crude tanker orders and 57 percent of all product tanker orders.
Hyundai Heavy Sets 2018 Sales Target $7.5 billion
South Korea's leading shipbuilder Hyundai Heavy Industries (HHI) aims to achieve 7.98 trillion won ($7.5 billion) in sales this year as its president warned of an unprecedented crisis due to declining order backlogs, reports Yonhap. Hyundai Heavy has not won any offshore plant orders for the past two years. The company's 2018 sales target represents a 60 percent decline from a decade ago. The shipyard said it is expected to post an estimated 10.03 trillion won in sales for 2017. The sales target is based on a parent base.
Hyundai Heavy Will Miss Profit Target
Hyundai Heavy Industries, the world's largest shipbuilder, will not meet its full-year profit target after reporting a half-year net loss of 53.1 billion won ($41.68 million), mainly due to a write-off. "Our net profit will be around 100 billion won or slightly less because we have to clean up losses coming from the cancellation of shares at Hyundai Petrochemical," a spokesman said. The original earnings target was 300 billion won. However, analysts said the longer term outlook was bright. Hyundai Heavy wrote off 105 billion won, representing its entire 49.87 percent stake in unlisted Hyundai Petrochemical. Hanvit Bank, main creditor of the petrochemical company, had asked Hyundai Heavy to cancel its shares in Hyundai Petrochemical to help revive the troubled petrochemicals firm.
Govan Workers Push To Win Contract
Union chiefs from Glasgow's Govan shipyard met British defense ministry officials to press their case for winning a $400 million contract that could save the yard. Union officials said a consortium that includes the yard, recently sold by Kvaerner to U.K. defense group BAE SYSTEMS, is one of four finalists for a contract to build six RoRo equipment transport ferries. Union leaders met with the defense procurement minister to argue why the work should go to Govan - a move that politicians say could safeguard up to 1,000 jobs. Despite the political pressure - and the fact two other bidders are foreign - the MoD has said it wants to ensure maximum value for money and that U.K. shipyards will have to ensure their competitiveness.
Aker Yards Secures Contracts for Diving Support Vessels
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
South Korean Yards Expected To Nab 75 Percent of LNG Orders
South Korean shipyards are expected to win about 75 percent of an estimated 48 orders for liquefied natural gas (LNG) carriers this year, industry officials said on Wednesday. "There are virtually no rivals to compete with Korean shipbuilders in making LNG carriers in terms of price and quality," said Yoo Jae-won, a spokesman for the Korea Shipbuilders' Association. Surging demand for environmentally friendly LNG was expected to raise the number of LNG carrier orders to around 48 this year from only 14 last year. "Korean shipbuilders are poised and look likely to grab most of the orders," Yoo said. Daewoo Shipbuilding and Marine Engineering, the world's second-ranked yard, said its LNG orders totalled 10 ships worth $1.7 billion so far this year, with options for 12 more.
S. Korea Eyes Cruise Building Market
Han Jong-chan assembles the massive blocks used to build ships at one of South Korea's huge and successful shipbuilding yards and has never been happier. Han has worked Daewoo Shipbuilding & Marine Engineering's famed shipyard on remote Koje island here for 18 of his 38 years, recently on night shifts as hefty orders force workers to man giant cranes and welding shops around the clock. Despite a troubled past, a looming dispute with the European Union over subsidies and growing competition from China, the future is looking rosy -- particularly with Korean yards eyeing the potentially lucrative market for cruise ships. The port of Okpo is synonymous with the Daewoo Group and the efforts of its now disgraced founder…
Aker Yards Wins Unique Design Solution Wins DOF Contract
Aker Yards has been awarded a contract with DOF ASA to build an innovative LNG-powered platform supply vessel. The vessel is designed and equipped with the newest and most innovative environmentally friendly equipment and solutions. After delivery from Aker Yards in in 2010, the vessel will operate on charter for StatoilHydro ASA. The selected solutions and engine systems for the new and modern platform supply vessel (PSV) are a response to the focus on more environmental cautious ship transportation of various bulk cargos, liquids and equipment to and from offshore locations world wide. The vessel will be equipped with duel fuel engines able to run on both LNG and ordinary marine diesel.
Newbold in Entrepreneur Finals
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. “But it is important to realise that the company could not have achieved this in such a short space of time without the whole-hearted support of my fellow-Directors, our senior management, Strategic Marine staff and their families. “I pay tribute to everyone who has contributed to this success,” he said.
A&P Birkenhead Gets Triple Ferry Deal
A&P Group's newly reopened dry dock facility, A&P Birkenhead, has recently completed the dry docking and repairs of Mersey Ferries' 464grt passenger ferry Woodchurch. The Woodchurch is the first of three vessels booked into the yard by Mersey Ferries Ltd, the Passenger Transport Authority and Executive for Merseyside. The three ship contract was won in open competition against other UK ship repairers. The two other ferries, the 303grt Royal Daffodil and her sistership Royal Iris will be dry docked during January and March 2003 respectively. The work content for all three vessels includes general maintenance, minor steel repairs and cleaning and painting the ships hull. Martyn Drye, General Manager of A&P Birkenhead said "We are delighted to have won this important contract.
STX Group Sales Rise
The STX Group said it expects to meet this year's sales target of $24b, thanks to earnings from its affiliates STX Pan Ocean Co. and STX Shipbuilding Co. In the first-half of this year, STX's group-wide sales stood at 13.2 trillion won, up 87 per cent from the same period last year, reports said. Group-wide operating profit in the first half more than doubled to 880 billion won. STX is now in the process of taking over 's Aker Yards after buying a controlling stake in 's biggest shipbuilder for $800 million. Source: Yonhap