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

shipyard and offshore

Seoul, Oslo to cooperate on hydrogen, shipbuilding

Oslo - South Korea and Norway have agreed to strengthen ties in hydrogen energy and shipbuilding areas with the summit between the two countries’ heads of state serving as an opportunity to pursue future partnerships.

shipyard and offshore

Hyundai Group Makes USD 6 Bn Blockchain Move

Seoul - As previously reported, Hyundai’s affiliate Hdac Technology operates the HDAC Coin cryptocurrency and recently announced it would commercialize a new blockchain-as-a-service (BaaS) solution

shipyard and offshore

Israel Shipyards presents coastal defense ships

Lima - Israel Shipyards Ltd. and SK Group member,a leading shipbuilding and repair company for the naval and commercial marine markets - presents its advanced solutions for seaborne interdiction and prevention of terrorist and illegal activities for navies, law enforcement and HLS forces, at SIDEF 2019

shipyard and offshore

Damen-De Beers pact, focus on Mangalia

Mangalia - On 15 May 2019,Damen Shipyards Group and De Beers Marine Namibia participated in a special steel cutting ceremony to mark the beginning of construction on a new offshore vessel. In February 2019, De Beers Marine Namibia awarded a contract to Damen to build a new crawler diamond recovery vessel

shipyard and offshore

Egypt receives third ThyssenKrupp submarine

Cairo - Egypt on Friday formally received a third submarine of the fourit has been promised, as part of a deal with Germany that has caused considerable controversy in Israel. A ceremony held at the shipyards of shipbuilding company Thyssenkrupp in the city of Kiel was attended

shipyard and offshore

China to build largest LNG carrier

Beijing - China is building the world’s largest liquefied natural gas carrier with a capacity of 270,000 cubic metres to cope with the rising demand for the clean fuel in the nation, said a top shipbuilder. Shanghai-based Hudong-Zhonghua Shipbuilding (Group) has joined hands with DNV-GL for construction of the carrier

shipyard and offshore

Daewoo new chief vows to secure more orders

Seoul - The new chief of Daewoo Shipbuilding & Marine Engineering Co. said Monday that the company needs to secure more orders by gaining price competitiveness.

shipyard and offshore

Kerch Strait: 3 Russian shipyards sanctioned

Kerch - Canada, the United States and the EU have imposed new sanctions on Russian entities in response to the Kerch Strait incident, including three shipyards. The sanctions are a response to the encounter between Russian border forces and three Ukrainian Navy vessels at Kerch Strait in November

shipyard and offshore

Tank fire sends black plume across Houston, spreads to more tanks

Houston - A storage tank fire on the Houston Ship Channel on Sunday has spread to seven petrochemical storage tanks, forcing residents in the suburb of Deer Park, Texas, to stay indoors on Monday, but no evacuations or injuries were reported.

shipyard and offshore

Russia will build 7 ships and 4 submarines

Moscow - Russia will build a total of seven ships and four submarines for its Navy in 2019, minister of Defense Sergei Shoigú said Tuesday: “The naval construction program … foresees in 2019 the construction of four submarines – three nuclear and one diesel-electric – and the repair of seven warships and auxiliary ships”

shipyard and offshore

Daewoo Shipbuilding wins US$380 mln order

Seoul - Daewoo Shipbuilding & Marine Engineering Co., a major South Korean shipyard, said Monday it has received a US$380 million order to build two liquefied natural gas-carrying ships.

shipyard and offshore

Fincantieri, “Seven Seas Splendor” launched

Ancona - The launch ceremony of “Seven Seas Splendor”, the second extra-luxury cruise ship that Fincantieri will realize for the shipowning company Regent Seven Seas Cruises, brand of the Norwegian Cruise Line Holdings Ltd (NCLH) group, took place at the Ancona plant

shipyard and offshore

Fincantieri launches first Virgin cruiseship

Genova - The launch ceremony of “Scarlet Lady” took place at the Genova Sestri Ponente plant, the first of four cruise ships commissioned by Fincantieri from Virgin Voyages, a brand of the Virgin Group. Now the interior design phase will begin

shipyard and offshore

Damen’s newly-built TSHD to operate in Lisboa

Lisboa - Recently the “Jose Duarte”, the first hopper dredger entirely built at a Portuguese yard, started its first mining job in Lisbon. The trailing suction hopper dredger has been built in Portugal for a Portuguese dredging company

shipyard and offshore

Fitch warns over Hanjin Shipyard’s debt

Seoul - “We expect the Philippine economy to remain among the strongest-growing in Asia-Pacific in 2019, but asset quality could face further tests as the global economic backdrop grows less favourable, with mid-tier banks likely to be more at risk than the large players” .

shipyard and offshore

Two potential partners for Uljanik Shipyard

Zagreb - Economy Minister Darko Horvat and Uljanik shipbuilding group chairman of the board Emil Bulić said on Friday two serious partners were interested in the group and that they were conducting due diligence, with Horvat hopeful that two more partners would express interest by January 25

shipyard and offshore

China to provide warships to Pakistan

Shanghai - China recently started construction of an export version of one of its advanced warships and will deliver it to Pakistan as part of a major arms deal, according to China State Shipbuilding Corp, a large State-owned defence contractor

shipyard and offshore

Hyundai seeks to win US$15.9 bln worth of deals

Seoul - South Korea’s Hyundai Heavy Industries Group said Thursday its three arms are seeking to secure combined deals worth US$15.9 billion this year in the shipbuilding segment. The combined target of Hyundai Heavy Industries Co., Hyundai Samho Heavy and Hyundai Mipo Dockyard Co. marks a 20.7% rise

shipyard and offshore

In 2018 1,893,643 people read The MediTelegraph

Genoa - Between 1 January and 31 December there were 1,893,643 single users, that is to say “real” people, who consulted MediTelegraph, 179% more than the twelve months of 2017.

shipyard and offshore

China fires senior shipbuilding official for bribes

Shanghai - China’s anti-graft agency has fired the general manager of state-owned China Shipbuilding Industry Corp (CSIC) and expelled him from the Communist Party after an investigation found he had accepted bribes and abused his power

shipyard and offshore

Containerships takes delivery of first LNG ship

Marseille - Containerships has taken delivery of its first LNG-fueled container ship, the “Containerships Nord”. The 1,400 TEU vessel was built at Wenchong Shipyard, China, and three sister vessels are scheduled for delivery in the first half of 2019

shipyard and offshore

Littoral combat ship 19 launched

Marinette - The future USS St. Louis was christened and launched on Saturday. The Lockheed Martin-led shipbuilding team launched the Littoral Combat Ship (LCS 19) into the Menominee River at the Fincantieri Marinette Marine Shipyard

shipyard and offshore

Croatian shipbuilding workers start 4th strike this year

Zagreb - Workers from the biggest Croatian shipbuilding group Uljanik started yet another mass strike on Monday. This is the fourth major strike this year in the company that is facing financial problems and uncertain future

shipyard and offshore

Chantiers de l’Atlantique bolsters production

Saint-Nazaire - French shipyard Chantiers de l’Atlantique, formerly known as STX France, has boosted its production capacity by 30% having inaugurated the extension of the pre-assembly area. The construction work on the extension was launched in July 2017

shipyard and offshore

Canada chooses BAE-Lockheed proposal to build frigates

Ottawa - Canada has chosen a BAE Systems and Lockheed Martin-led team as the “preferred bidder” for a potential contract worth more than $45 billion to build new frigates for the Royal Canadian Navy. The two major defense contractors had pitched a proposal centered on BAE’s Type 26 Global Combat Ship design

shipyard and offshore

Newbuilding orders pick up

Piraeus - Ship owners are seemingly in the hunt for more newbuildings, after a mid-summer lull of activity brought ordering activity to a year-to-date low. In its latest weekly report, shipbroker Allied Shipbroking noted that “the past couple of weeks has shown a more aggressive attitude”

shipyard and offshore

One of Russia’s new icebreakers facing delays

St. Petersburg - Another of Russia’s new-line nuclear icebreakers is running afoul of construction deadlines in a delay that will likely force older ones to operate longer. The hull of the “Arktika”, one of Russia’s three LK-60 nuclear icebreakers, was floated in 2016 at the Baltic Shipyard in St. Petersburg

shipyard and offshore

Zvezda to build LNG Aframax duo for SCF

Moscow - Russian shipyard Zvezda Shipbuilding Complex is to build the country’s first LNG-fuelled tankers under an order from Sovcomflot for two Aframax newbuilds. The 114,000dwt ships will feature dual-fuel propulsion using LNG as the primary fuel