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
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.
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
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
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
Tsuneishi, which is based in Hiroshima Prefecture and operates shipyards in China and the Philippines, will acquire the interest in Mitsui E&S Shipbuilding on Oct. 1.
The group has secured a total of 75 effective shipbuilding contracts with an aggregate value of US$4.01 billion year-to-date.
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
Beijing is currently focused on enhancing its military capabilities to face US threats in the Asia-Pacific. It is going all out to strengthen the navy to face the challenges in the South China Sea and Indian Ocean Region
Last year, the European Commission told Hyundai Heavy Industries to work on a method to remove the possibility of limited competition in the LNG ship market. This implies that the commission will approve the merger only when the possibility of its monopoly in the LNG ship building market is eliminated.
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”
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
Milan - France has offered Italian shipbuilder Fincantieri’s a one-month extension to its planned acquisition of French rival Chantiers de l’Atlantique, the finance ministry said in a statement on Wednesday
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
State-controlled Fincantieri signed an agreement in February 2018 to buy 50% of the French group from the Paris government for 59.7 million euros ($72.4 million). But EU authorities have suspended an examination of the deal pending the provision of more data
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
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
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
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
Seoul - Daewoo Shipbuilding & Marine Engineering Co. said Tuesday it has developed an AI robot for metalworking in the construction of ships for the first time in the world
The European Globalisation Adjustment Fund was set up to help workers made redundant due to major changes in world trade patterns or as a result of unexpected financial and economic crises.
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
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
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
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
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
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
EU antitrust regulators have again halted their investigation into world No. 1 shipbuilding group Hyundai Heavy Industries’ merger with Daewoo
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
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