Global credit woes have largely had little affect on the historic shipbuilding orderbook … yet. According to a Bloomburg report, there are signs that shipbuilding’s bull run may be coming to an end, fueled by the largest credit-market losses ever, which is starting to make attaining
Keppel Offshore & Marine Limited (Keppel O&M), through its wholly-owned subsidiary Keppel Singmarine Pte Ltd (Keppel Singmarine), has secured two contracts worth $153.4m. The first contract was awarded by a repeat customer, Global Offshore International Ltd (Global Offshore), for a derrick pipelay vessel.
Germanischer Lloyd continues its growth strategy of previous years. The classification society presented its financial figures for 2007 and announced a turnover of 421.7 million Euros. This is a gain of 57.3 million Euros (+16 %) compared to 2006.In the maritime sector, the good order situation of the previous year could be further improved.
Interferry and the International Maritime Organization have extended the Memorandum of Understanding on their joint campaign to reduce ferry fatalities by 90% in developing nations.The original two-year MOU has been renewed indefinitely following major progress towards running demonstration projects
Keppel Corp. said Keppel Singmarine Pte Ltd. has won two shipbuilding contracts worth $155.6m, Thompson Financial reported.Keppel Singmarine will build a derrick pipelay vessel for Global Offshore International Ltd, a unit of U.S.-listed Global Industries Ltd.In a separate deal, Keppel Singmarine
Paint production at the factory in Lundtofte, Kgs. Lyngby, Denmark, will continue until the 31 May 2010. After that point, a new factory in Poland will take over. Hempel’s remaining departments in Lundtofte, Kgs. Lyngby, Denmark, will not be affected by the move. The decision is the result of developments in the global market.
Wärtsilä and Emerson Process Management announce expansion of their global offshore alliance. Under this expansion, the companies can deliver integrated energy and automation systems for Floating Production Storage and Offloading vessels and semi submersible oil and gas drilling rigs.
By Naval Facilities Engineering Command Southeast Public AffairsNaval Facilities Engineering Command (NAVFAC) Southeast awarded a $12.5 million contract on April 28 to Harry Pepper & Associates, Inc. of Jacksonville, Fla. for the design and construction of a Littoral Warfare Systems Facility at Naval Support Activity Panama City, Fla.
The long-established Hamburg shipping line Hapag-Lloyd named a containership inMalaysia for the first time. The patron of the 336m long “Kuala Lumpur Express” is UrsulaAdrion, wife of Adolf Adrion, member of the executive board of Hapag-Lloyd AG. The“Kuala Lumpur Express” can carry 8,
The Offshore Ship Designers group has opened a design office in Shanghai, China. Initially staffed with six naval architects it will provide design resources to OSD’s European partners and also provide Asian shipyards with innovative tug and offshore support vessel designs.OSD has recently
By Mass Communication Specialist 2nd Class (SW) Rebekah Blowers, Chief of Naval Operations Public AffairsChief of Naval Operations (CNO) Adm. Gary Roughead spoke at the Maritime Patrol and Reconnaissance Symposium on April 25 about the community's part in "A Cooperative Strategy for 21st Century Seapower.
The first of two 47.5 metre passenger catamaran ferries for New World First Ferry (Macau) has been launched at Austal Tasmania, marking a milestone for the shipyard.With new orders for the shipyard currently being finalized and a workforce which has grown from 40 to more than 120 during the past 12 months,
For the first time in its 28 year history, the Korean Register of Shipping’s classed fleet has reached 30 million gt. KR – an IACS member – expects its fleet to grow further to 33.5 million gt by end 2008 and to reach well over 40 million gt by 2010 when the classification society celebrates its 50th year of operation.
Panama Canal Administrator Administrator/CEO Alberto Alemán Zubieta and his wife, Ana Matilde Arias de Alemán, presided over the christening of the sixth 4,500-TEU Orient Overseas Container Line (OOCL) Panamax vessel, the current maximum size for a ship to transit the Canal. At a ceremony held at the Geoje Shipyard in Korea,
PortVision now offers a service that allows PortVision users to integrate long-range vessel tracking (LRIT) directly within the web-based PortVision platform. PV-Onboard Global is the latest addition to the PV-Onboard product line, which already allows barges, intermodal containers, railcars,
Aker Solutions in Aberdeen has been awarded a three-year contract, plus options, to provide Fairfield Energy with engineering, procurement and construction services on the Dunlin Alpha platform in the northern North Sea. The contract is valued at between GBP 20 and 30 Million annually and will create around 100 new jobs.
Since 2003, China has kicked maritime cargo carriers into overdrive by importing huge amounts of raw materials to feed its economy, Investor's Business Daily reports.Until late last year, there were giant spikes in dry-cargo rates fed by China's voracious appetite for commodities. A trigger was
IMO will be fully operational, once again, from its Headquarters on London's Albert Embankment, following a 20-month period in temporary accommodation while the Headquarters building underwent major refurbishment.The first major meeting to be held in the refurbished Headquarters will be the 84th
A Korean shipbuilder has succeeded in independently designing a liquefied natural gas carrier. Building LNG ships is a high value-added business, as it requires the highest level of shipbuilding technology. The latest achievement should significantly lower the royalties that Korean companies have had
By Lt. Ed Early, Navy Office of Information West Public AffairsThe Navy's latest "Conversation with the Country" brought its discussion of the new national maritime strategy to an appropriate venue – Los Angeles - the home of the fifth-busiest seaport complex in the world on April 17.
By Mass Communication Specialist 2nd Class (SW) Heather Weaver, USS Harry S. Truman Public AffairsChief of Naval Operations (CNO) Adm. Gary Roughead visited the crew of the nuclear-powered aircraft carrier USS Harry S. Truman (CVN 75) April 15 to address Sailors deployed to the U.S. 5th Fleet area of operations (AOO).
The AP reported that pirate attacks rose worldwide in the first quarter of the year, with Nigeria overtaking Indonesia as the country worst plagued by sea bandits, a global maritime watchdog said.Seafarers suffered 49 attacks between January and March around the world, up 20 percent from the 41 recorded in the same period last year,
Calling 2007 “a truly remarkable year,” ABS Chairman and Chief Executive Officer, Robert D. Somerville reported a record fleet size and record orderbook to the 146th Annual Members Meeting of the classification society, held in New York. Acknowledging that “ABS has benefited
General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics laid the keel for USNS Wally Schirra, the eighth dry cargo-ammunition ship in the U.S. Navy’s T-AKE program. Secretary of the Navy Donald C. Winter recently named the ship in honor of the late Navy captain and original NASA pioneer.
John "Jock" Newbold died Saturday, April 12, in New York. He was among the most well-known and highly respected figures in shipping and financial circles. Jock was most recently a Non-Executive Director of Castalia Partners Limited and also a member of the Advisory Board of Castalia Straits L.
Posidonia has set another milestone in its 40 year-long history by registering the highest number of participating countries than any other international maritime event for its 21st edition, to be held in Athens in June.In addition to an increase from participating companies from established maritime nations,
Italy-based classification-society RINA has reported strong growth inboth turnover and net returns for 2007. Turnover for the 2007 year wasEuro156m, up 20 per cent on 2006, and EBITDA was Euro25.2m, on a netreturn growth of 25 per cent compared to the 2006 financial year.Ugo Salerno,
Moore Stephens Yachting now provides financial advice and services to yacht crew, ranging from offshore bank accounts to pensions. For over 100 years, Moore Stephens has a long-standing reputation in the global shipping industry. Moore Stephens Isle of Man has been active
Qatargas, Shell and PetroChina signed binding sales and purchase agreements that will lead to the long-term supply of liquefied natural gas (LNG) originating from The State of Qatar to the rapidly growing Chinese market. The agreements were signed in Beijing by His Excellency Abdullah bin Hamad Al-Attiyah,
USNS Amelia Earhart, the newest ship in the U.S. Navy's Lewis and Clark-class of dry cargo/ammunition ships owned and operated by Military Sealift Command (MSC), was launched April 6 during a nighttime ceremony at the General Dynamics NASSCO shipyard in San Diego.The 689-ft. ship, designated T-AKE 6,
An historic agreement was struck last week when the International Maritime Organization’s (IMO) Marine Environmental Protection Committee (MEPC 57) reached agreement on a package of amendments and revisions to MARPOL(*) Annex VI (Prevention of Air Pollution from Ships) which, subject to formal adoption at MEPC 58 in October 2008,
Horizon Lines, Inc., received the AMVER-Assisted Rescue at Sea Award for the courage and seamanship of the Horizon Falcon crew. AMVER Program DirectorCaptain Christopher Hall presented the award to the Horizon Falcon's CaptainTom McDorr at the 2008 Lloyd's List London Awards on April 2nd.
The IMO said that the Marine Environment Protection Committee (MEPC) approved major changes to MARPOL Annex VI regulations to reduce harmful air emissions from ships. Sulphur oxide (SOx) emissions would be reduced by lowering the global cap on sulphur in fuel from 4.50% to 3.50% on 1 January 2012 and then progressively to 0.
Cory Brothers Shipping has been awarded a five year Hub Agency contract by BP Shipping covering the Baltic, Europe, Black Sea and Mediterranean regions.This is the largest region awarded by BP Shipping within its global system and covers some 6,000 port calls per year. Cory Brothers will be responsible
Japanese ship classification society NIPPON KAIJI KYOKAI (ClassNK) announced the establishment of its new NK Tianjin Office on April 1.The NK Tianjin Office reinforces ClassNK’s service network by becoming the 101st exclusive survey site of the NK global network and the ninth office in China.
Move is part of APL and APL Logistics growth strategy in regionSingapore, 2 April 2008: Global container shipping, terminals and logistics group Neptune Orient Lines (NOL) has announced a series of key appointments in the fast-growing Middle East region. The new Vice-President for the Middle East region is Gene Seroka.
By Mass Communication Specialist 2nd Class Michael Campbell, Africa Partnership Station Public AffairsHigh Speed Vessel 2 Swift arrived in Tema, March 30 for its second visit here, as well as its seventh engagement visit as part of Africa Partnership Station (APS). Swift will host a group
Kongsberg Maritime has acquired the Draper, Utah based technology enterprise Global Sim for approximately $19.6m. Global Sim delivers products and services in the field of crane simulation for the training of crane operators around the world, and holds a market leader position in maritime crane simulation.
Hyundai Heavy Industries (HHI) has developed and obtained an international patent for a new inundation method used in the tandem shipbuilding process.With traditional methods, a vessel that was under construction would float on the water whenever the dry dock was flooded to launch a completed ship.
Wärtsilä has received a major order from Swedish shipowner Laurin Maritime AB. The contract, signed in March 2008, calls for six Wärtsilä Senitec M1000 oily water separation units to be delivered in mid April 2008. The units will be retrofitted to six of the company's vessels and will replace existing systems,