MHI Faces $585 mln Loss Due to Construction Delays Mitsubishi Heavy Industries, Ltd. (MHI) has decided to book an extraordinary loss of approximately $585 million from its cruise ship business in the company’s consolidated financial results for fiscal year (FY) 2013 (ending March 31, 2014). Damen La
In March, Maritime Craft Services (MCS) took delivery of a new Damen Shoalbuster 2609. Damen has delivered numerous Crew Transfer Vessels, Multicats, and Shoalbusters to MCS – the two companies have a long-standing relationship. What is notable, however, about this latest delivery is the incredibly
Rolls-Royce has won a contract to deliver a unique package of advanced ship equipment for a new offshore construction vessel currently being built in Turkey for the Norwegian ship owner Volstad Shipping AS. The contract is worth approximately £13.5 million to Rolls-Royce. The package includes the ne
Robert Allan Ltd. has signed two contracts during a recent Canadian Trade Mission to the Kingdom of the Netherlands. In the presence of The Honourable James Moore, Minister of Industry, Robert Allan Ltd. (Canada), Aspin Kemp & Associates (Canada), Teekay Corporation (Canada), KOTUG International B.V
FESCO transportation group fleet was increased by one more vessel – “FESCO Novik.” Delivery took place in the port of Limassol (Cyprus) on March 25, 2014. Container transportation vessel will work under the Russian flag and the homeport will be in Vladivostok. Gross tonnage is 707 TEU with the possi
Navig8 Chemical Tankers Inc has signed shipbuilding contracts for the construction of two 25,000 dwt IMO2 eco-design Stainless Steel Chemical Tankers to be built at Fukuoka Shipbuilding. The newbuildings are set for delivery in 2017. “We are experiencing robust growth for chemical tanker demand, in
The offshore electrical substation, built by the yard for Dong Energy was transferred over less than one kilometer between the pre-erection area and the outfitting dock, on Thursday March 27th at STX France Saint-Nazaire yard. Once there, it has been loaded onto a barge dedicated to its shipping to
Scorpio Bulkers Inc. has entered into agreements to purchase four Capesize dry bulk vessels currently under construction at Daehan Shipbuilding Co., Ltd. in South Korea and to construct an additional Capesize dry bulk vessel at Sungdong Shipbuilding & Marine Engineering Co., Ltd. The transaction con
Gray Offshore took delivery of a 300’x100’x19’10” ABS Classed Ocean Deck Barge from Conrad Shipyard L.L.C. The Barge “Julius” is the first project delivered from Conrad Shipyard’s newest facility, Deepwater South, in Amelia, LA. Dan Conrad, Senior Vice President, states “To be able to deliver barges
Fearnleys Weekly newbuilding report said that in total 31 ships were ordered last week. Navig8, who recently made contracts for potentially up to 20 wide beam LR1 type product carriers, have added another six VLCCs to their orderbook. A Suezmax order surfaced as CM Lemos went to Hyundai Heavy for tw
ABB, a multinational corporation headquartered in Zurich, Switzerland, has won a contract to deliver power and propulsion plants for the first of sixteen ARC7 ice-class tankers for the Yamal LNG project. The scope of delivery includes ABB turbochargers, generators, switchgear, transformers, frequenc
Despite recent project development delays and regulatory uncertainty, the UK wind energy market continues to offer a significant opportunity to develop a world class manufacturing and supply chain base that can deliver competitive industry content in the future. However, with over 30,000 offshore wi
The news by Siemens & ABP of a GBP 310 million investment in the offshore wind energy industry and the follow on effects for further investment in the offshore wind energy supply chain hits right at the heart of Trawlercat Marine Designs’ (TMD) first step into this industry, the company’s President
Rosetti Marino, an integrated Group providing engineering and construction services to the Oil & Gas industry worldwide, delivered platform supply vessel (PSV) HIGHLAND PRINCESS to Gulf Offshore N.S. on March 22nd 2014. The PSV is the second of the two sister ships which were ordered in October 2011
