Exports of Korean ships are expected to exceed US$22 billion this year on the back of more sales of high-value-added vessels including liquefied natural gas carriers. The Korean shipbuilders association says domestic shipyards are likely to export $10.7 billion worth of vessels in the second half in
The Kikeh oil field, situated off shore Sabah, will be on schedule for oil production in 2007, Technip Senior Vice President for Business Development, Syed Feizal Syed Mohammad, said Friday. The oil platform would be ready for drilling works in December this year, he told reporters at the launch of
The Dung Quat Shipyard needs 100 workers per month until the end of this year to get ready for its first 100,000-tonne ship. “Viet Nam ship building is a fledging industry, so the number of skilled engineers and workers is small. As an employer, we know skilled labour is very important,” said the co
Sreesankar of IL&FS Investment is of the view that one can look at ABG Shipyard and Bharati Shipyard from long term angle. Sreesankar told CNBC-TV18, “There is only ABG Shipyard and Bharati Shipyard. So, over the longer period of time, you may see upside coming in the ship building sector. If these
On September 15, 2006 the namegiving ceremony of the LMG34PT project product carrier took place at the shipyard owned by SRC Laevaremondi OU, Tallinn. The tanker was built to the order of the Swedish company Svithoid Tankers AB. The tanker hull was constructed at the III International Shipyard. The
The Tokyo-based giant ordered a second 300,000-tonner at Universal Shipbuilding against a long-term charter from Chinese steel mill Beitai Iron&Steel Group. Earlier this month, NYK announced it had signed a 25-year charter with Beitai to import iron ore from Brazil. It will ship around 700,000 tonne
A lack of world-class infrastructure and high port and inland costs continue to limit India
More than one hundred thousand visitors are expected to descend on Southampton over the next 10 days for the UK’s largest on-water boat show. The annual Southampton Boat Show will be opened by trans-Atlantic rower and television star Ben Fogle alongside global yachtswoman Dee Caffari. From Friday, t
Northrop Grumman Newport News and General Dynamics Electric Boat have begun building larger structural sections to drive costs from their submarine building partnership, a key shipyard executive said Thursday. Both Newport News and an Electric Boat facility in Quonset Point, R.I., are each specializ
Stressing efforts to reduce costs and make delivery on time, officials with Northrop Grumman Newport News celebrated a construction milestone Thursday on its latest Virginia-class submarine, the North Carolina. The shipyard has finished welding the submarine’s four hull sections into a single unit,
The Naval Sea Systems Command (NAVSEA) and the Program Executive Officer (PEO) Aircraft Carriers held a signature and awards ceremony Sept. 5 at the Washington Navy Yard to commemorate the certification of the ship specifications for the CVN 78 Class Aircraft Carriers, which makes up the CVN 21 prog
US Coast Guard in Ft. Lauderdale have spent Thursday night figuring out how to move a makeshift tourist attraction off the beach. The “Clipper Lasco”, is 645-foot cargo ship carrying 30,000 metric tons of bauxite, the main component in aluminum. According to the Coast Guard, the ship was inbound to
A United Nations human rights investigator on Thursday called for Ivory Coast to fully probe toxic waste unloaded by a ship, saying it should lead to prosecutions of those responsible and compensation for victims. The statement was issued by Okechkwu Ibeanu, U.N. special rapporteur on adverse effect
A gas discovery made by Statoil on the Tornerose structure in the Barents Sea is under consideration in connection with an expansion of the Hammerfest LNG plant in northern Norway.
