SHIN KURUSHIMA DOCKYARD

Aker Yards Names New COO

Aker Yards has appointed Sang-Ho Shin as Chief Operating Officer (COO).   Shin comes from a position as vice president of STX Shipbuilding in , where he has been chief for the Jinhae shipyard. Sang-Ho Shin has held several senior management positions within the STX group since 1980, and has a university education within industrial strategy and mechanical engineering.  Aker Yards, Mr. Shin will focus on production efficiency, procurement, logistics, knowledge transfer, technology & innovation.

Shipbuilders Struggle in Challenging Market

Shipyards in the major exporting regions all report significant year-on-year drops in new contracting activity. For new-buildings there is no doubt that the market continues to remain challenging, particularly for the larger and more conventionally orientated facilities, observes Clarkson Hellas in its recent bulletin. With conventional demand so far being focused primarily on the mid‐sized segments of the market

Daewoo Heavy President Safe For Now

While many of troubled Daewoo Group’s top executives have been ousted by South Korean creditors who rescued the troubled Daewoo Group from collapse last July, it appears that the head of the shipbuilding division will stay. Creditors voted to retain Daewoo Heavy Industries President Shin Young-kyun as president of its shipbuilding division and picked Yang Jae-shin, president of Daewoo Motor's Poland subsidiary, to lead Daewoo Heavy's machinery division.

Midsized Korean Shipbuilders on the Rise

While shipbuilding giants such as Hyundai, Samsung and Daewoo are devouring orders for ultra-large vessels with unmatched technology, midsized shipbuilders are expanding facilities and revving up exports to beat Chinese and Japanese counterparts. Seven Korean shipbuilders managed to dominate the world's top posts in terms of order backlogs thanks to years of technological development and lavish investment on facility expansion.

ABS and DSME Offer New Sloshing Analysis Methodology for FLNG

(Houston, TX---)   Class society ABS and Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) are concluding a one-year joint development program (JDP) examining critical wave conditions for sloshing model tests and computational fluid dynamics (CFD) in the cargo tanks of floating liquefied natural gas (FLNG) vessels. The results will offer  the industry a new methodology to determine critical sloshing conditions more efficiently than in the past and the

Strong Track-record Wins Repeat MacGregor Orders

A series of new MacGregor offshore winch orders, secured in October, will serve the strong demand for maintenance, hook-up and commissioning services for existing oil platforms within the shallow water region of the Malay basin, says Francis Wong, Director, Segment Sales and Marketing, Offshore.   "As oil prices remain high and oil majors continue to invest in exploration and production activities in the region

TEN Announces Time-Charter for Tanker Bosporos

Tsakos Energy Navigation Ltd. (TEN) announced a three-year time- charter to a European charterer of the 37,340 dwt 1B ice-class handysize product tanker Bosporos, expected to be delivered from Hyundai Mipo Dockyard of South Korea at the end of August. The charter is structured with a minimum rate and a 50/50 profit share should rates exceed that minimum. The gross proceeds from this charter, assuming only the minimum rate, are expected to exceed $21m.

OMI Corp. Acquires Vessels

OMI Corp. has agreed to attain two 47,000-dwt product carriers from another owner that are currently under construction at Onimichi Dockyard in Japan. The vessels will be delivered to the company in September and late November 2000, upon which they will commence two time charters to an oil company. The company has also agreed to sell the 29,996-dwt product carrier Tiber, which was built in 1989, and is the last of its Polish built vessels.

Two More Ships for Colombo Dockyard

According to a report from the Daily News out of Sri Lanka, the Colombo Dockyard undertook to handle two LPG carriers which will generate around $1.6m to the country, Colombo Dockyard Managing Director Mangala Yapa told Daily News Business. The Shipping Corporation of India, owned LPG carriers Nanga Parbat (17,601DWT) and Anapurna (17,601DWT) sister ships called in for lay up and dry docking repairs during February and March 2011 respectively.   (Source: Daily News)

Cheoy Lee Shipyards Delivers New Tugs

Cheoy Lee Shipyards handed over the first in a series of four RAmparts 3000 tugs designed by Robert Allan Ltd. To owners; Hong Kong United Dockyards (HUD). The Taikoo is the latest edition of the RAmparts class design from Robert Allan Ltd., and derives its name from a historic dockyard in Hong Kong operated by Butterfield and Swire beginning in 1907. The yard was responsible for building some of the largest ships in the world during the early 1900's