By Cindy Konrad (gCaptain) On October 19, 2011 ,under the National Shipbuilding Strategy, a $30 billion project, Seaspan won a major contract to rebuild the Canadian government's non combat vessels. “If it does not have a gun and larger than 1000 gross tons we are building it here,” said Brian Cater, President of Seaspan. This includes the Canadian Coast Guard and the non … [Read more...]
Bahri Signs MoU With Aramco, Sembcorp Marine For New Saudi Shipyard
DUBAI, Aug 20 (Reuters) - The National Shipping Company of Saudi Arabia (Bahri) has signed a memorandum of understanding with Saudi Aramco and Singapore's Sembcorp Marine to conduct a feasibility study for a maritime yard project in the kingdom. A decision on whether to go ahead with the development, which will provide engineering, manufacturing and repair services to rigs, … [Read more...]
LNG Bunkering – Jahre Marine Announces First Vessel
Jahre Marine AS signed a new building contract today with the chinese shipyard Avic Dingheng for building the first seagoing LNG carrier for bunkering and small scale distribution. The LNG vessel cargo tank capacity is 6200 cbm. "Avic Dingheng Shipyard has long experience and knowledge in building LNG, LPG and Ethylen carriers as well as product and chemical carriers. " Said … [Read more...]
STX Group Shares Tumble
(Reuters) STX Group, formerly Ssangyong Heavy Industries, shares tumbled on Monday morning after an official at Woori Bank said the company is considering a stake sale in STX Corp, the group's holding company. Woori Bank, a unit of Woori Finance Holdings Co Ltd , holds about 6.5 million shares in STX Corp, which is owned by STX Group chairman Kang Duk-soo, as a collateral to … [Read more...]
Ferus Smit Shipyard Launches the M/V Volgaborg [VIDEO]
Ferus Smit shipyard in Westerbroek, The Netherlands launched the M/V Volgaborg today, the third of three multipurpose cargo ships built for Wagenborg Shipping. At 12,000 deadweight tons and 142.65 meters in overall length, these ships are the biggest ever launched along the ‘Winschoterdiep.’ Hold volume is reportedly 503,500 cubic feet The Volgaborg and the … [Read more...]