The total ship building market saw a raise in cancellations during January with a total of 60 orders cancelled, higher than the monthly average in 2009, according to the latest Fairplay Shipbuilding Market Forecast. January was the third consecutive month… Read at Orderbook cancellation rate at an all-time high ...

Fujairah Refinery Company Ltd, jointly owned by Vitol Group and the Government of Fujairah, recently awarded a multi-million dollar EPC contract to the Topaz Energy and Marine subsidiary, Nico International. The contract award relates to the Oil Terminal 2 “Users’ Line” Connection Project in the Port of Fujairah.?Part of the Topaz Engineering division, Nico was awarded the contract by FRCL in competition with several regional names. The project includes construction of pipelines interconnecting the Port of Fujairah facilities for Oil Terminal 2 and tie-ins with Oil ...

Engineers from Glasgow have won the automotive and marine award at this year’s Engineer Technology & Innovation Awards. The team received the prestigious accolade for its work to reduce the number of bumps formed in steel during the ship building process, helping to save time and cost in the programme to build Type 45 destroyers for the Royal Navy. ? Engineers from BAE Systems worked in partnership with the Universities of Strathclyde, Newcastle and Malta, as well as Corus and NST Welding to develop a robust solution to prevent distortion to thin steel plates, which is common in s...

Statement from Dubai World Further to the announcement of 30 November 2009, Dubai World would like to announce that following further review, Drydocks World and its subsidiaries will not be included in the proposed restructuring process for Dubai World and its Real Estate related subsidiaries. Drydocks World has been in constructive dialogue with its lenders for several months and its financial profile does not require it to be included in the more wide-ranging restructuring process envisaged in last week’s announcement. Drydocks World has to date reacted promptly to the challenges of t...

A recent German business delegation to Bangladesh has shown keen interests in buying more ships from local shipbuilders. Peter Clasen, head of the 21-strong group that visited the country late last month, said Bangladesh offered skilled but cheaper ship building compared with China, India and Vietnam. Local ship builders have said Bangladesh could fetch up to $1 billion in ship orders if the country could increase the number of ship building yards to six from the present two. “Bangladesh has huge potential in its ship building industry. Its labourers are skilled and cheaper than those ...

Seagull AS is pleased to announce that Hellespont Hammonia GmbH & Co. KG has chosen the new Seagull Training System for their fleet. Originating in 1946, they currently have under management a fleet of over 19 crude, product – chemical carriers and platform supply vessels trading worldwide, and also a new-ship building programme is in process. Hellespont’s vision has always been to be the carrier of choice of all petroleum and petrochemical companies worldwide. Integrated in the Seagull Training System is the Training Administrator and also training material to complete ap...