After Ultrabulk and Golden Ocean Group called off their orders, Jinhai Heavy Industry could face more cancelations. John Fredriksen’s newly established company, Frontline 2012 Ltd, created after splitting of Frontline Ltd, may pull out from a deal on construction of five Very Large Crude Carriers (V
DCNS and PIRIOU have entered into exclusive negotiations to set up a joint venture specialising in maritime security ships built to civilian shipbuilding standards. The project is part of both companiesʼ growth strategies and will expand their accessible markets. DCNS and PIRIOU aim to leverage thei
Together with the MOD’s Defence, Science and Technology Laboratory and Scottish Enterprise, the Technology Strategy Board (TSB) is investing up to £8m in collaborative R&D and fast-track projects to deliver viable solutions for more efficient marine vessels. The Technology Strategy Board is looking
Royal Imtech N.V. announced that it has recently received new marine services and maintenance orders worth approximately 82 million euro (USD 106.4 million). In its marine activities Imtech is focusing on among others on growth in services and maintenance and expansion of the number of services bran
FORAN has been the CAD/CAM used by Navantia for the structural design of the ALHD for the Australian Navy, “Canberra”. The vessel, the first of the two contracted by Navantia for this country, has been transferred to Australia after a two-month navigation in the heavy sea lift ship Blue Marlin. The
Sembcorp Marine Ltd, through Jurong Offshore Pte Ltd’s wholly-owned subsidiary, has secured a drillship contract worth US$806.4 million from Sete Brasil Participacǒes S.A. (Sete Brasil), for the design and construction of a drillship based on Jurong Shipyard’s proprietary Jurong Espadon drillship de
Reference is made to the stock exchange notice dated 17 August 2012 where Höegh LNG Holdings Ltd. announced that the Company had received commitment letters from four banks for a USD 250 million corporate facility for the financing of the FSRU to be delivered for the Klaipedos Nafta FSRU project in
MAN Diesel & Turbo has reported a healthy interest in its ultra-long-stroke G-type engine with orders for the high-efficiency steadily growing. Most recently, Piraeus-based Polembros and U-ming of Taiwan have placed orders for a further six engines, bringing the current number of G-type orders up to
On November 28, HNA Tourism Cruise and Yacht Management Co., Ltd, the first cruise ship and yacht management company in mainland China, held its founding and promotion conference at HNA Marriot Hotel in Beijing. By unveiling the mainland’s largest luxury cruise ship, “Henna”, HNA Tourism, a local Ch
COSCO Corporation (Singapore) Limited announced that its subsidiary COSCO (Guangdong) Shipyard, has secured a contract from a European company to build two bulk carriers of 35,500 dwt each. Both vessels are scheduled for delivery in the second half of 2014. The total contract value for the above two
Nakilat-Keppel Offshore and Marine (N-KOM) has been conferred the Ship repair/Shipyard award at the Seatrade Middle East and Indian Subcontinent Awards 2012 held on 26 November 2012 at Atlantis The Palm in Dubai. The win comes a month after the shipyard was named ‘Shipyard of the Year’ at the Lloyd’
3.MAJ shipyard based in Rijeka, Croatia delivered yesterday, on November 27th,’BIT REDO’ tanker to PEGASUS BV, a Dutch company operating from Amsterdam. The tanker has been taken over from Kraljevica shipyard, after the latter was closed due to financial difficulties. ‘BIT REDO’ is a 108 meter long
The Havyard 843 CD designed vessel, Kan Tan 225, has been named and delivered to the major oil corporation of Sinopec in China. This is the first edition of the next generation of medium-sized AHTSs. Kan Tan 225 is designed by Havyard Group AS, with main offices in Fosnavåg in Sunnmøre, Norway and a
Last week the first “Animal” Multipurpose Catamaran was launched, the first ship in a series of high speed crafts. With this highly innovative support vessel for the offshore industry, VEKA Group has developed a very powerful workboat, specialized in transporting technical personnel and working mate
