Home / Shipping News / Shipbuilding News (page 4)

Shipbuilding News

World’s first Class approved 3D printed ship’s propeller unveiled

Following a rigorous testing process, verified by Bureau Veritas, the world’s first Class approved 3D printed ship’s propeller, the WAAMpeller, has been unveiled at Damen Shipyard Group’s headquarters in the Netherlands. This ground-breaking success is the result of a close collaboration between RAMLAB, Promarin, Autodesk, Bureau Veritas and Damen. The five-company partnership started pooling their collective resources and knowledge to develop the world’s first 3D printed ship’s propeller seven months ago. Promarin provided the design of the triple-blade propeller. The Port of Rotterdam’s RAMLAB (Rotterdam Additive Manufacturing LAB) carried out ...

Read More »

India pledges to ratify IMO’s convention on recycling of ships

India has drafted legislation to implement the ‘Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships’, which was adopted by the International Maritime Organization (IMO) in 2009, Shipping Minister Nitin Gadkari has said. “To make the ship recycling industry safe for its workers and the environment, draft legislation to implement the Hong Kong Convention (HKC) is now undergoing pre-legislative consultations; I am confident that we will ratify this convention in the not-too-distant future,” Gadkari told delegates at the 30th Assembly Session of the IMO in London ...

Read More »

Oil rig builder Lamprell cuts earnings forecast as East Anglia project bites

Oil rig builder Lamprell Plc said it expected 2017 earnings to be materially below market expectations, hurt by losses stemming from a contract for an East Anglia offshore windfarm project. The company received a contract in 2016 from ScottishPower Renewables for making parts for the East Anglia One windfarm in the North Sea. “There were start-up costs and inefficiencies in relation to the project and the learning curve has proven to be steeper than anticipated,” the United Arab Emirates-based company said in a statement. Lamprell, which said it was working ...

Read More »

Damen wins 2017 Dutch Logistics Award

Damen Shipyards Group has won the 2017 Dutch Logistics Award. This prestigious prize was presented by the Netherlands Association of Logistics Management (vLm) in recognition of Damen’s high standards of logistical management and efficiency. Damen representatives received the award during an award ceremony and gala dinner hosted by vLm on 29th November. In following its 10-step criteria for nominees, in which parameters such as innovation, customer focus, implementation and cost effectiveness are assessed, vLm’s jury first approached Damen regarding its operations for two separate projects. “These involved the production of ...

Read More »

General Dynamics NASSCO Begins Construction on Matson Containership

General Dynamics NASSCO has started construction on a Kanaloa-class containership for Matson Navigation Company, Inc., as part of a two-ship contract. The 870-foot-long, 3,500 TEU containership design provides the capability to transport containers, automobiles and rolling stock, including trailers. Using proven design standards, the design incorporates liquefied natural gas-capable main and auxiliary engines, which are compliant with Tier III emission requirements. The design accommodates future installation of a LNG fuel gas system. “We’re honored to advance the Matson fleet with two large, modern vessels reflecting the highest standards of design ...

Read More »

Samsung Heavy bags US$240 mln order for 2 shuttle tankers

Samsung Heavy Industries Co., a major South Korean shipbuilder, said Wednesday that it has clinched a US$240 million deal to build two shuttle oil tankers. Under the deal with Teekay Offshore Partners L.P., Samsung Heavy is set to deliver the two vessels by 2020, the company said. A shuttle tanker is a ship designed to transport oil from an offshore oil field to a storage tank, and is equipped with a variety of offloading equipment. Source: Yonhap

Read More »

Damen Shipyards Group opens new chapter with Marine Core & Charter

Damen Shipyards Group has delivered its first vessels to Marine Core & Charter LLC (MC2), a marine services company supporting the offshore energy sector in the Arabian Gulf. This is the first transaction between the two organisations and Damen is delighted to be setting out on what it hopes will be a productive and long-lasting relationship with MC2. The transaction is also a milestone as it represents the first deliveries of the Fast Crew Supplier (FCS) 4008 class, Damen’s latest addition to its FCS range. The first of the two ...

Read More »

Boom in German shipbuilding defies global industry slump

The German ship industry is defying a global trend of decline in the shipbuilding industry with a growing number of orders. An analysis by the German Shipbuilding and Ocean Industries Association (VSM) in Hamburg, citied by “SPIEGEL” on Monday, shows that large shipbuilders in Europe and Germany in particular were experiencing a backlog in orders due to high demand. The value of European orders has grown continuously to reach 48 billion euros (57 billion U.S. dollars) in June 2017, a third of which was accounted for by German shipyards. More ...

Read More »

S. Korea: Shipbuilders face massive worker drain

In the latest sign that Korea’s shipbuilding industry may be in for a longer slump, the sector’s workforce shrank 9.2 percent, the highest reduction among manufacturing industries last year, from 180,800 in 2015 to 164,100 in 2016, according to the latest figures released by the Ministry of Strategy and Finance on Monday. The massive workforce reduction in shipbuilding stands in sharp contrast to high-tech industries like medical precision tools, which saw a 7.4 percent expansion from 79,800 workers in 2015 to 85,800 workers in 2016. The shipbuilding sector, once the ...

Read More »

UAE’s Drydocks gets 100% support for debt restructuring

Creditors to UAE shipbuilder Drydocks, a unit of conglomerate Dubai World, have given unanimous support to a restructuring plan which will see Dubai-based ports operator DP World take control of Drydocks, sources close to the situation said. The deal is now set to close in January, one of the sources said. On September 18, Dubai-based ports operator DP World agreed to take 100% control of Drydocks World in return for a capital injection of US$225m. Under the terms of the restructuring plan the cash will be used to pay out ...

Read More »

Cochin Shipyard keen to revive dry docks of Kolkata Port Trust

Cochin Shipyard Ltd, which is set to invest about Rs 130-150 to revive two shipyards of Hooghly Dock and Port Engineers, has also shown interest in turning around dry docks of the Kolkata Port Trust (KoPT). The Port Trust has five idle docks that are conducive for ship repair and its new chairman Vinit Kumar is keen to revive them. “CSL chairman is scheduled to meet the KoPT chief on November 28, and a discussion is likely to be held for developing at least two idle docks,” KoPT sources told ...

Read More »

Sembcorp Marine profits could rise 56% in 2019

With $2.5b in new orders pending, 2018 could be a big year. The lull could finally be over for Sembcorp Marine if it manages to bag orders worth $3.5b in 2018 and see its profits increase 56% in 2019 to $136m, CIMB said. Things look up for the firm because it is in the running for some sizeable projects, likely to be awarded in 2018. CIMB has factored in $2.5b new orders in 2018. These include Shell’s Vito topside, and hull construction, estimated to be worth US$300m, Gravifloat FLNG for ...

Read More »

KDB to offer refund guarantee for STX Offshore’s 11 ship orders

State-owned Korea Development Bank (KDB) offered refund guarantee on orders of 11 vessels that STX Offshore & Shipbuilding Co. has won this year on the condition that the company carries out restructuring including a 30 percent cut in fixed costs. A senior official at KDB said on Tuesday the state lender and the creditors of STX Offshore & Shipbuilding decided to give the shipbuilder the last chance to normalize its operation as it plays an important role in the nation’s shipbuilding industry and makes contributions to regional economy and job ...

Read More »

Court impounds shipbuilder’s headquarters amid fraud probe

Kaohsiung District court impounded the headquarters of Ching Fu Shipbuilding Co. (CFS) on Wednesday, at the request of one of Ching Fu’s lenders, amid allegations of the company’s financial woes and its involvement in a fraud scandal related to a Navy contract. The court took provisional legal ownership of the first six floors of the 10-story building on Fuxing Fourth Road and CFS’ partial land ownership of the site, the Kaohsiung District Court said. The court explained the action was taken to protect the rights of debtees and emphasized that ...

Read More »

Philly Shipyard Delivers Fourth and Final Product Tanker to Kinder Morgan

Philly Shipyard, Inc. (PSI), the sole operating subsidiary of Philly Shipyard ASA (Oslo: PHLY), today delivered the American Pride, the fourth of four next generation 50,000 dwt product tankers that it has built for American Petroleum Tankers (APT), a subsidiary of Kinder Morgan, Inc. The vessel was delivered ten days ahead of the contract delivery date. This delivery is the 28th vessel built by PSI (formerly known as Aker Philadelphia Shipyard, Inc.). The next generation 50,000 dwt product tanker is based on a proven Hyundai Mipo Dockyards (HMD) design that ...

Read More »

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping