The project

Fincantieri Bay shipbuilding breaks ground on new facility

Great Lakes shipbuilding and repair giant, Fincantieri Bay Shipbuilding, broke ground on a new 19,000 square feet machine shop at their Sturgeon Bay location today. Inside the future 300-ft. long building, shipbuilders will have access to two overhead cranes capable of lifting five and 30 tons

Total value is 1.7 million of euros

Fincantieri inks four more ships from Viking

In the context of the announcement for six options dated March 2018, Fincantieri and Viking have put into effect the contracts for the third and fourth ships. The companies also have signed the contract for the fifth and sixth units, subject to access to financing as per industry practice

The project

Fincantieri starts the renewal of U.S. Navy fleet

The Fincantieri group achieves another important result in the United States with the launch of the construction of the leader of the Constellation class multi-mission frigates at the Marinette Marine shipyards of the subsidiary Fincantieri Marine Group

Climate change

Extreme weather patterns impact shipbuilding

The heatwave experienced in parts of the world has seen temperatures of between 40-42C recently, shipyard work has become nearly impossible in the sweltering temperatures and workers have had to take unscheduled breaks, meaning that production has been delayed

South Korea

DSME workers reach tentative deal to end strike

South Korean contract workers have tentatively agreed to end their strike at the country's No.3 shipbuilder in return for a much smaller wage hike than they had demanded, union officials and subcontractors said on Friday

Muggiano shipyard

Fincantieri, second corvette to Qatar delivered

Trieste - The delivery of the corvette “Damsah”, the second of the Al Zubarah-class of four vessels ordered to Fincantieri by the Qatari Ministry of Defence within the national naval acquisition program, took place today at the Muggiano (La Spezia) shipyard

After the Tecnavi operation

De Wave acquires FCR Finland

The Genoese group De Wave lands in Finland and announces the acquisition of FCR Finland. The company thus broadens its borders, focusing on the North European and Scandinavian shipbuilding market

Turnover towards 300 million in 2022 guidance

The Italian Sea Group doubled Ebidta in 2021

The Italian Sea Group (TISG), global operator in the luxury yachting industry with the brands Picchiotti, Admiral, Perini Navi, Tecnomar and NCA Refit, announces that the Board of Directors, during today’s meeting, has approved the preliminary consolidated results at December 31st 2021

Zero emissions of exhaust gasses

Brodosplit to build zero-emission passenger sailing ship

Split - Brodosplit shipyard symbolically marked the beginning of the consolidation and joining of sheets to produce sections of a zero-emission passenger ship with electric generator propulsion: "Electric sailing ship"

While it also flags ammonia FSRU concept

Mitsubishi to build liquefied CO2 carrier for CCUS

Japan’s Mitsubishi Shipbuilding is set to build a liquefied carbon dioxide (LCO2) carrier and is also studying an ammonia floating regasification and storage unit (FSRU) concept in a concerted bid to expand is energy transition portfolio

International controversies

KDB chief calls EU "selfish" for disapproval of HHI-DSME deal

Korea Development Bank (KDB) Chairman Lee Dong-gull criticized the European Union, Thursday, over its disapproval of Hyundai Heavy Industries’ (HHI) proposed acquisition of Daewoo Shipbuilding & Marine Engineering (DSME)

VesselsValue's report

704 vessels were sold for scrap in 2021

London - 2021 saw significant trends and changes in the shipping industry with record breaking container demand, surging steel prices, and the threat of returning lockdowns as new Covid-19 variants emerged. READ FULL REPORT

With Germany's Thyssenkrupp

Israel signs $3.4 bln submarines deal

Germany's Thyssenkrupp Marine Systems will build three advanced submarines for the Israeli Navy in a deal worth three billion euros ($3.4 billion), the Israeli Defense Ministry said on Thursday. The parties also signed an industrial strategic cooperation agreement that amounts to more than 850 million euros, the ministry said."

Fincantieri

“Viking Neptune” floated out in Ancona

Ancona – “Viking Neptune ”, the newest ocean cruise ship which Fincantieri is building for the shipowner Viking, has been floated out at the shipyard in Ancona . The unit will be placed in the small cruise ship segment. As its sister ships, she is about 47,800 tons, 465 cabins with accommodation for 930 passengers

After EU veto

DSME in search for new owner as tie-up with Hyundai Heavy fails

Seoul - Daewoo Shipbuilding & Marine Engineering is in search of a new owner again after a merger plan with its larger rival Hyundai Heavy Industries failed due to an EU veto on monopoly concerns. The European Commission announced Thursday its prohibition for the merger

Value: $43 million

DIS inks first sustainability-linked loan

Rome - DIS, or d'Amico International Shipping, a marine transportation company, has signed a contract for its first sustainability-linked loan as part of the refinancing of all debt maturing in 2022. Specifically, the company’s subsidiary d’Amico Tankers signed a $43 million five-year term loan facility with ABN Amro Bank to refinance the bank loans maturing in 2022 on "MT Cielo di Ulsan", "MT Cielo di Hanoi" and "MT Cielo di Gaeta"

New record

Big Three Korean shipbuilders win largest orders in eight years

Seoul - South Korea's three major shipbuilders in 2021 have received their largest amount of orders in eight years, surpassing their targets by 45%, according to the industry sources on Dec. 31. The Big Three bagged a combined $45.9 billion worth of orders this year

Amid expansion plans

Qatar orders six LNG ships from Korean shipyards

Doha - QatarEnergy has ordered six LNG ships from two South Korean shipyards, the first batch under a 2020 agreement, as the Gulf state seeks to meet requirements for its North Field expansion plans

Innovation

Daewoo Shipbuilding develops carbon dioxide storage technology

Seoul - Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Thursday it has developed a technology to store carbon dioxide captured in ship engine emissions. The technology developed in cooperation with a local ship part supplier will help ships to reduce their carbon dioxide emissions

Iran

"Renovation of shipping fleet a necessity for Iranian maritime trade"

Tehran - The Secretary of the Iranian Merchant Mariners Syndicate (IMMS) Saman Rezaei has said buying new ships and the renovation of the country’s existing maritime fleet is an important necessity for developing the maritime trade. “Older ships have higher depreciation and maintenance costs and lower safety” the portal of the Ports and Maritime Organization (PMO) quoted Rezaei as saying.

Bangladesh

Chittagong gets marine technology institute for first time

Chittagong - The Institute of Marine Technology (IMT) is going to be established in Chittagong for the first time here to develop skilled manpower for the shipbuilding industry. All are set to construct IMT on the bank of Karnafuli River, adjacent to Kalpalok residential area at Bakalia police station in the city. Land acquisition has already been completed in this regard

To be completed and get ready for the open sea

"Leonardo da Vinci" reaches Norway to be completed

Tulcea - After being towed from Vard’s shipyard in Tulcea, Romania, across the Black sea, the Mediterranean Sea, then along the ocean shores of Portugal, Spain and France up to Scandinavia, Prysmian Group’s cutting-edge cable-laying vessel reached Brattvåg, Norway

markets

China a big buyer of new French wheat crop, traders say

Some sources estimated the volume at 500,000 to 600,000 tonnes, or up to around 10 large panamax vessels, mainly for August. Others pegged total sales higher, at around 1 million tonnes, suggesting France could load up to about 15 panamaxes this summer

Fincantieri Group

Vard delivers "Coral Geographer"

Trieste - Fincantieri subsidiary Vard, one of the major global shipbuilders of specialized vessels, has delivered the second expedition cruise vessel, “Coral Geographer” to the Australian company Coral Expeditions. “Coral Geographer” has been specially tailored for personalized expedition cruises to remote and exotic destinations in Asia and Oceania

The partnership

Fincantieri and the Italian Shipping Academy to train together officers on cybersecurity

Trieste - Fincantieri, through its subsidiary E-phors, specialized in providing cybersecurity services and products, has recently provided a pivotal training course in partnership with the Italian Shipping Academy, aimed at introducing deck officers to the basics of cybersecurity. The three-day training course is part of the Academy’s project – funded by the European Commission “Common Maritime Education Standards in the West Mediterranean”

Fincantieri

Vard Marine wins design contract for new Chilean Navy ship

Trieste - Chile’s ASMAR Shipbuilding & Ship Repair Company has awarded Vancouver, B.C., based Vard Marine (wholly owned by Vard AS, Fincantieri Group) a new contract for the design of an Amphibious and Military Sea Transport Ship for the Chilean Navy’s Escotillón IV Program. The multi-role vessels will be constructed at the ASMAR shipyard in Talcahuano, Chile

By Fincantieri

First U.S. built Great Lakes bulker since 1983 floated out

Trieste - The first U.S. flagged Great Lakes bulk carrier to be built on the Great Lakes in nearly four decades marked a key point in its construction with its recent float out from the graving dock. Being built for The Interlake Steamship Company at the Fincantieri Bay Shipbuilding yard in Wisconsin, the vessel which is named the Mark W. Barker is the first Great Lakes bulk carrier built domestically since 1983

Fincantieri

Vard secures contract for eight marine robotic vessels

Trieste - Fincantieri subsidiary VARD has signed a contract for the design and construction of eight robotic vessels for maritime operations worldwide for Ocean Infinity. In partnership with the client, VARD has developed the VARD 9 60 design

Arctic route

A $300 million order for ABB

ABB has secured a $ 300 million order from Daewoo Shipbuilding & Marine Engineering Co. to supply propulsion and power generation systems for six new vessels that will be used for the transport of liquefied natural gas 

Delivery at the end of 2022

Helsinki Shipyard wins order for hybrid expedition cruise vessel

Helsinki - Finnish shipbuilding company Helsinki Shipyard Oy has won an order from the British cruise line Swan Hellenic for a luxury expedition cruise vessel. The order comes at a very difficult situation for the global cruise and shipbuilding industry due to the impact of COVID-19 on traveling and demand for cruises

Died at 78

Lee Kun-Hee, force behind Samsung’s rise

Seoul - Lee Kun-Hee, the ailing Samsung Electronics chairman who transformed the small television maker into a global giant of consumer electronics but whose leadership was also marred by corruption convictions, died on Sunday

Newbuilds

Korea’s shipbuilding industry picks up thanks to Greece

Athens - On recent orders from Greek shipping companies, South Korea’s shipbuilding industry regained the No. 1 spot from China in the third quarter of this year, data showed Sunday. According to UK-based market research firm Clarksons Research, Greece placed orders for 18 ships worth 589,421 compensated gross tonnage from Korean shipbuilders this year

The shipyard crisis

Asia’s cruise giant receives payment from Germany

Berlin - Genting Hong Kong, the parent company of Crystal Cruises, Dream Cruises, and Star Cruises has secured a EUR 193 million, or $227 million payment from the German Government to keep its shipyards MV Werften afloat. As the owner of three major cruise lines, a casino in Manila which has been closed down, and MV Werften

In plan to end EU competition rules

UK shipbuilding set for major post-Brexit boost

London - Britain's shipbuilding industry could be in for a massive boost after Brexit with plans to end to European Union rules forbidding the Government from prioritising UK firms when handing out lucrative contracts for new vessels

The ceremony

T. Mariotti cuts steel for Seabourn's second newbuild

Genova - Steel cutting at the Cimar plant in San Giorgio di Nogaro for the second of the two ultra-luxury ships commissioned by the US shipping company Seabourn to the genoese T. Mariotti shipyard. The sister ship of "Seabourn Venture", whose delivery is expected in 2021, is still waiting to receive the name and will be completed in 2022

Owned company Marinette Marine shortlisted

Fincantieri to design the project of US Navy unmanned fleet

Trieste - The Department of Defense and the US Navy awarded to Fincantieri’s subsidiary, Marinette Marine (FMM), a $7 million contract for design and engineering work of the Large Unmanned Surface Vessel (LUSV), the future large-size unmanned surface vessels, able to operate without crew on board. Fincantieri Marinette Marine has been shortlisted with five other companies

The Finnish group

Wartsila reports halving in Q2 profits

Wartsila on Friday reported a 51% drop in quarterly operating profit, as demand for its ship technology and power plants slumped due to the coronavirus outbreak

The operation

Samsung Heavy Industries unveils innovations for Nigeria's shipbuilding industry

Seoul - Samsung Heavy Industries (SHI) is developing innovative methods to facilitate smart shipping by undertaking thorough research across their multiple research centres in Geoje, Daeduk and Pangyo in Korea. According to a statement issued by the company, the aim is not only to transform Samsung's shipyard at Geoje into a smart shipyard

The deal

Israel Shipyards supplies two OPV-45 vessels to an African Navy

Tel Aviv - Israel Shipyards announced July 9 the delivery of two OPV-45 Offshore Patrol Vessels to an African navy. The agreement to supply the ships was signed in order to provide significant protection against the increasing threat of piracy in the region. The agreement includes ongoing support and training of the technical and operational teams

Clarkson's data

Global shipbuilding orders at historic low in H1

Seoul - Global new orders of ships fell to a historic low in the first half of the year amid the coronavirus pandemic, industry sources said Tuesday. In the January-June period, global new shipbuilding orders totaled 5.75 million compensated gross tons (CGTs)

The COVID-19 effect

Hyundai Heavy Industries to merge shipbuilding, offshore units, streamline by 20%

Seoul - South Korea’s Hyundai Heavy Industries Co. said on Tuesday that it will merge shipbuilding and offshore & engineering divisions to streamline its mainstay business to survive coronavirus pandemic that has dampened global demand. According to the world’s largest shipbuilder, it will merge its shipbuilding and offshore operations July 1

Arctic Ocean

DSME wins order for two LNG facilities from Russia

Seoul - Daewoo Shipbuilding & Marine Engineering (DSME) announced on June 8 that it has won an order for two 360,000-square-meter LNG-barges from a Russian client for about 901.3 billion won. An LNG-barge is a floating LNG terminal in the sea. It is a facility that receives and stores LNG from icebreaking LNG carriers at sea and unloads it onto regular LNG carriers

The Covid 19 effect

Alang, 70% of the workforce at home

Dubai - There has been a slow and cautious easing of restrictions in ship recycling sectors across the Indian subcontinent markets as certain yards get back to work in Alang and a few vessels waiting for special permissions in Bangladesh have finally been allowed to beach this week.

The international fair

SMM falls victim to COVID-19, postponed to 2021

Hamburg will be much less busy this September after it was announced that SMM, the leading international maritime trade fair, has been postponed to 2-5 February 2021 in response to the coronavirus pandemic and its global impact

In April

Russia tops as No.3 world's shipbuilder nation

Seoul - South Korea ranked second to China in terms of shipbuilding orders for the second straight month, industry data showed Wednesday. Daewoo Shipbuilding & Marine Engineering Co. and others won orders totaling 230,000 compensated gross tons (CGTs) to build eight ships in April, trailing far behind Chinese shipbuilders that bagged 730,000 CGTs in orders to build 38 vessels

Covid-19

Meyer shipyard in Finland to cut up to 450 jobs

German shipyard Meyer Werft’s Finnish subsidiary on Tuesday started statutory talks to lay off up to 450 of its roughly 2,000 employees because of a hit to business from the coronavirus pandemic

After lockdown

European shipyards resume work

Genova - Several of Europe’s leading shipbuilders have announced plans to slowly resume operations after more than a month of disruptions. During the peak of the coronavirus, shipbuilders in Italy, France, Spain, and Germany were each forced to suspend operations

Fincantieri

Vard enters the renewable energy sector

Trieste - Vard signed a new contract for the design and construction of one Service Operation Vessel (SOV) for Ta San Shang Marine, a joint venture between MOL and Ta Tong Marine (TTM)

Coronavirus

EU shipbuilders predict cruise ship order cancellations

Bruxelles - European shipbuilding and ship equipment association SEA Europe is calling for government aid to help the industry weather the COVID-19 downturn, citing temporary shutdowns, order cancellations - particularly for new cruise ships - and project delays

Obstacles to the intra-European alliance

EU expected to veto Fincantieri's Chantiers bid due to lack of concessions

Milano - Italian shipyard Fincantieri has not offered any concessions to head off EU antitrust concerns about its planned bid for France’s Chantiers de l’Atlantique, giving regulators no choice but to block the deal, people familiar with the matter said last week. A veto by European Competition Commissioner Margrethe Vestager would deal a serious blow to Italy

Asian shipyards

China, Japan, Singapore pushing for mergers in shipbuilding industry

Seoul - China, Japan and Singapore are pushing for mergers in the shipbuilding industry with a business combination review going on for Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering, which are the two largest shipbuilders in the world

"Solid financial situation"

Naval Group achieves a record level of orders

French global defense contractor Naval Group has had a 3 billion euros of order intake in 2019, +44% compared to 2018, including 3 billion internationally, taking the order book to 15 billion euros

IMO 2020

New RoPax ferry with battery designed

Danish-based consultancy Knud E. Hansen has  designed a 212-metre RoPax ferry with a large battery bank to power it while dockside, allowing for zero emissions in port. The vessel can transport up to 700 passengers and 390 cars

Minus 104 million dollars

Samsung Heavy's Q4 net losses widen

Samsung Heavy Industries Co., a major shipyard in South Korea, had its net losses widened in the fourth quarter from a year earlier due to one-off costs

The announcement

Croatia's DIV buys Norway's Kleven shipyard

Croatia's DIV Group, which owns the Brodosplit shipyard in Split, is set to buy Kleven Verft, a Norwegian shipbuilding company specializing in the construction of offshore and cruise vessels

LNG

Wartsila partners with MSC for sustanaible cruise ships

The technology group will supply Chantiers de l‘Atlantique, France, a comprehensive package of integrated solutions designed to support and enhance the efficiency and environmental sustainability of two cruise vessels

Shipyards

Hyundai Heavy wins deal worth 263 million euros

South Korea's top shipyard Hyundai Heavy Industries Group told Yonhap news agency that its two affiliates have clinched two deals worth 340 billion won (262,6 million euros) in total to build six vessel

shipyard and offshore

Megayachts: Amico shipyard presents the new shiplift

Genoa - The shiplift is a submersible platform that allows the maxi yacht to be lifted from the water and moved to the ground in the yard with a system of trolleys on rails and completed by 5 workstations.

shipyard and offshore

For Pakistan two new warships from China

Islamabad - The steel cutting ceremony of two warships being built for Pakistan Navy in China was held at Hudong Zhonghua (HZ) Shipyard on Saturday, says to a press released by the Pakistan Navy’s Directorate General Public Relations. The two warships are the Type 054 A/P frigates

shipyard and offshore

In South Korea’s deadly shipyards / REPORTAGE

Geoje - Park Chol-hee was working a holiday shift at Samsung Heavy Industries’Geoje shipyard on Labor Day in 2017 when a giant crane collided with another and crashed to ground, killing six people, including Park’s younger brother

shipyard and offshore

Magnolia award scooped by Fincantieri chief

Shanghai - Fabrizio Ferri, CEO of the Chinese branch of Fincantieri in Shanghai, has won the Magnolia Silver Award for his contributions to the city’s booming cruise liner industry. Fincantieri and China State Shipbuilding Corporation joined forces to build the first big cruise ship in China dedicated to Chinese passengers

shipyard and offshore

Record year for Austal with profit up 64%

Henderson - Global shipbuilder Austal has entered the new fiscal year with a $4.9 billion order book, up from $3 billion last year, with 58 vessels under construction or scheduled. Austal chief executive David Singleton called it the aluminium shipbuilder’s best year ever

shipyard and offshore

Fincantieri launches “Silver Moon” in Ancona

Trieste - The launching ceremony of “Silver Moon”, the second of three new ultra-luxury cruise ships that Fincantieri is building for Silversea Cruises took place yesterday at the Ancona yard. The vessel will enter the ship owner’s fleet in 2020

shipyard and offshore

Intermarine delivers UNPAV “Cabrini” to Italian Navy

La Spezia - Intermarine, a subsidiary of the industrial group IMMSI, announces that it has been delivered to the Italian Navy an UNPAV unit (High Speed Multi-Purpose Vessel), called “Angelo Cabrini”. The ship, delivered in line with the timing of the schedule is the first of a wide multiple order consisting of two units

shipyard and offshore

New Saudi ships to be built in South Korea

Seoul - Saudi Arabian tanker giant Bahri is set to order very large crude oil carriers (VLCCs) from a large-scale shipyard being developed in the King Salman Complex by International Maritime Industries (IMI) at Ras Al-Khair, with the vessels being built at the dockyard of Hyundai Heavy Industries (HHI) in South Korea

shipyard and offshore

Negative spiral on shipbreaking / ANALYSIS

Dubai - The ongoing (and seemingly unending) decline being witnessed in the sub-continent markets showed no signs of slowing this week, with some truly pitiful performances seen from all locations. An analysis by GMS

shipyard and offshore

Turkey boasts vessel exports

Istanbul - Data compiled from the Transport and Infrastructure Ministry reveal that Turkey has taken significant, eye-catching steps in maritime transport, a strategic sector for global trade. One of the important initiatives was the revival of maritime transport with the removal of excise duty