Conrad awarded contracts totaling $36.6m

August 31, 2007

Conrad Industries, Inc. announced the award of a contract for the construction of a ferry, and the signing of contracts for the construction of sixteen barges and a major ferry repair, with a total value of $36.6 million.

The Texas Department of Transportation awarded Conrad a contract for the construction of a passenger/vehicle ferry scheduled for delivery during 2009 with a contract price of $22.5 million. The ferry will transport up to 70 cars and work the Galveston terminal.

Also, The Puerto Rico and Municipal Islands Maritime Transportation Authority has executed a contract for a dry dock inspection and general repairs to Motor Vessel Culebra II, a 500 passenger vessel. Additionally, Conrad signed contracts with four different customers for the construction of eleven deck barges, two spud barges and two crane barges.

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Tangsteel looks to shipping

August 31, 2007

Tangsteel Group, the largest steel company in Hebei Province, said it would team up with a top global shipping company to build and operate its own shipping fleet to cut transportation costs.

 

The steel group initially plans to build two to three ships of about 300,000 tons each to transport the iron ore produced by Brazilian mining companies, which are its major suppliers, said a senior executive at Tangsteel Group, one of the top 10 Chinese steelmakers based in Tangshan of North China’s Hebei Province. The group is negotiating with several potential joint venture partners, including some of the largest global shipping companies.

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Odense to build carriers for Carras Hellas Group

August 31, 2007

Odense Steel Shipyard Ltd. has concluded contracts with Carras Hellas Group, Greece, for a series of newbuilding Capesize bulk carriers.

 

This new 180,000 dwt design has been developed between Odense and Carras with deliveries beginning in 2009. These orders, which will be built in the largest dock at the shipyard will together with existing orders, fill up the capacity of Odense Steel Shipyard into 2010.

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China oilfield set to buy foreign firm

August 31, 2007

China Oilfield Services, the drilling and equipment arm of top Chinese offshore oil producer CNOOC group, is in talks to buy a foreign firm this year in an acquisition that would dwarf its purchase of Russia’s STU.

Chief executive Yuan Guangyu said that the deal would be much larger than the takeover of STU from Russia’s TNK-BP – its first acquisition abroad – which could be worth anywhere from $10 million to $66m, according media reports. China Oilfield now views Russia, the Middle East and the Gulf of Mexico as strategic markets it needs to explore.

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2 sailors missing after ships collide at Haifa port

August 31, 2007

Two ships, an Israeli merchandise vessel and a Cypriot vessel collided just outside Israel’s northern port of Haifa late Thursday, Israeli officials said.


The Israeli ship sank, and 14 of its sailors were rescued, but two were missing. Moshe Weizman, a spokesman for the Haifa coast guard, said searches were in progress. The Israeli ship was cut in two and sank after the Cypriot vessel crashed into it, Israeli media reported. The Israeli military sent helicopters, ships and doctors to help with the search and rescue operation.

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Cargotec receives order for 32 ship cranes

August 30, 2007

Cargotec’s MacGregor business area providing marine cargo handling and offshore solutions has received an order for 32 ship cranes from Shanghai Shipyard.

The value of the order is approximately EUR 11 million. The ship cranes will be delivered during 2009-2011 for eight container vessels ordered by German Reederei Thomas Schulte and L&B Shipping. The ship cranes will be manufactured in China by MacGregor’s partner plant Lüzhou Machine Company Ltd.

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Garmin to sponsor BMEA Conference

August 30, 2007

Marine electronics manufacturer Garmin will sponsor this year’s British Marine Electronics Association (BMEA) Conference, to be held on October 10 at the Novotel Hotel in Southampton.

The annual event provides a platform for those within the marine industry to discuss topics of mutual interest and to create new business relationships. Manufacturers will also have the opportunity to showcase their flagship products during the day to waterside dealers, who will then vote on which is best and the winner, will be announced at the end of the conference. ‘The BMEA Waterside Dealer of the Year’ award — as voted for by manufacturers/dealers — will also be presented. The conference is open to all in the marine industry and is free for up to two delegates from BMEA member companies.

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