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Shipbuilding

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Business & FinanceNews
Austal Completes Sale of Surplus Asset
Shipbuilding

Austal Completes Sale of Surplus Asset

Austal Limited has sold the land and infrastructure at its former satellite service base at Henderson has been executed and settled. Under the sale agreement with AME Offshore Solutions, Austal has received $21 million for the surplus asset, in line with the announcement made to the market on 3 Dece

about 12 years ago
Top News of the Week January 13 – 18, 2014
Shipbuilding

Top News of the Week January 13 – 18, 2014

Three Crewmen Rescued after Vessel Caught Fire in North Sea Three crewmen have been rescued off Lowestoft this afternoon after their vessel caught fire in the North Sea. BMT, Sigmund Present HMS Illustrious Design Concept BMT Nigel Gee (BMT), in partnership with Sigmund Yacht Design, has conceived a

about 12 years ago
First LNG Fuelled Tug ‘Borgøy’ Completes Its Sea Trials
Shipbuilding

First LNG Fuelled Tug ‘Borgøy’ Completes Its Sea Trials

M/T Borgøy, the world’s first tug to be fuelled by the much more environmentally friendly liquefied natural gas (LNG), completed her sea trials successfully this month and started her maiden voyage on 14th of January. The tug is designed by Norwegian Buksèr og Berging in-house team with the assistan

about 12 years ago
Marflet Marine Orders Two Tankers from Croatia
Shipbuilding

Marflet Marine Orders Two Tankers from Croatia

Croatian shipbuilding company Uljanik has entered into a contract with Marflet Marine from Spain for the construction of two 50,000 DWT MR vessels. These IMO II type chemical tankers will be built by Uljanik’s subsidiary shipyard 3. Maj. The first one is scheduled for delivery by the end of 2015 and

about 12 years ago
Clean Marine to Supply Exhaust Gas Cleaning Systems for NYK Stolt Tankers
Shipbuilding

Clean Marine to Supply Exhaust Gas Cleaning Systems for NYK Stolt Tankers

Clean Marine has been selected by Hudong-Zhonghua Shipbuilding in China to supply exhaust gas cleaning systems (EGCS) for two 38,000 dwt. Chemical Tankers being built for Stolt Tankers and NYK Stolt Tankers. The two vessels are built in a series of six sister ships, where the remaining four vessels

about 12 years ago
Diana Shipping Inks Term Loan Facility to Partially Finance Vessels Acquisition
Shipbuilding

Diana Shipping Inks Term Loan Facility to Partially Finance Vessels Acquisition

Diana Shipping Inc. has completed a drawdown of US$18 million, through two separate wholly-owned subsidiaries, under a term loan facility it has signed for up to US$18 million with Commonwealth Bank of Australia. The proceeds will be used to partially finance the acquisition costs of two Panamax dry

about 12 years ago
USNS ‘John Glenn’ Completes Builder’s Sea Trials
Shipbuilding

USNS ‘John Glenn’ Completes Builder’s Sea Trials

The USNS John Glenn (MLP 2) successfully completed Builder’s Sea Trials on Jan. 13. During the week of sea trials the shipbuilder, General Dynamics National Steel and Shipbuilding Co. (NASSCO), conducted comprehensive tests to demonstrate the performance of all of the ship’s major systems. “John Gle

about 12 years ago
CIMC Raffles to Build Rig for Norwegian Conditions
Shipbuilding

CIMC Raffles to Build Rig for Norwegian Conditions

Beacon Holdings Group has ordered a harsh environment semi-submersible GM4-D rig from Yantai CIMC Raffles. They have also secured an option to build a second rig from the shipyard. The rig they have ordered has been given the name Beacon Atlantic, and planned delivery is the fourth quarter of 2016.

about 12 years ago
Great Lakes Invest USD 70 Million into Their Fleets (USA)
Shipbuilding

Great Lakes Invest USD 70 Million into Their Fleets (USA)

After a season in which U.S.-flag lakers will have sailed more than 2,500,000 miles and carried nearly 90 million tons of cargo, a $70-plus million tune-up awaits the fleet. One ship arrived in Sturgeon Bay, Wisconsin, to undergo conversion to a barge in early November, but the bulk of the fleet beg

about 12 years ago
Marin Teknikk Secures Well Stimulation Vessel Design Contract
Shipbuilding

Marin Teknikk Secures Well Stimulation Vessel Design Contract

Marin Teknikk AS has entered into a contract with China’s Yantai Raffles Offshore Limited (CIMC Raffles), for design & engineering delivery of a large Well Stimulation Vessel to Norshore, in Sotra, Norway. The vessel will be of the MT6028 design with a complete installation of oil well drilling equi

about 12 years ago
Horizon Takes Delivery of Its New DP2 Vessel
Shipbuilding

Horizon Takes Delivery of Its New DP2 Vessel

Horizon Survey and Geotechnical Companies (Horizon) announced the delivery of their new build DP2 Geotechnical Drill Ship, ‘Quest Horizon’. The 65m vessel was commissioned and designed specifically to support Horizon’s geotechnical drilling projects. The ‘Quest Horizon’ can also be utilised for surv

about 12 years ago
Austal Launches USNS ‘Fall River’ (USA)
Shipbuilding

Austal Launches USNS ‘Fall River’ (USA)

Austal USA successfully completed the launch process of the USNS Fall River on January 16, 2014. Recently christened, this 103-meter high-speed catamaran represents the U.S. Department of Defense’s next generation multi-use platform. It is part of a 10-ship program, the funds for all of which have b

about 12 years ago
Gunderson Wins Major Tank Barge Order (USA)
Shipbuilding

Gunderson Wins Major Tank Barge Order (USA)

Gunderson’s Marine division has received an order from Kirby Offshore Marine to build an articulated ocean-going oil & chemical tank barge, with an option for a second unit, to meet growing demand. The state-of-the-art 578′ tank barge is one of the largest in Gunderson’s marine history, and has a 18

about 12 years ago
Damen Officially Opens New Shipyard in Sharjah (UAE)
Shipbuilding

Damen Officially Opens New Shipyard in Sharjah (UAE)

Monday, January 13th witnessed the official opening ceremony of Damen Shipyards Sharjah FZE – the newest shipyard of Albwardy Marine Engineering. In a joint venture between the Damen Shipyards Group and Albwardy Marine Engineering, the core activities at DSS will continue along the tried and trusted

about 12 years ago
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