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SUMITOMO HEAVY INDUSTRIES LTD

Fortum Newbuildings Will Get Wärtsilä Engines

Wärtsilä Corporation has received a contract to supply the complete power systems for two 14,000 tdw product/chemical tankers under construction for the Finnish energy group Fortum. The two tankers have been contracted at the Portuguese shipbuilder Estaleiros Navais de Viana do Castelo, with delivery due in 2003. With a cargo capacity of 16,000 cu m, they are of 140 m length overall by 21.7 m breadth, and have a service speed of 16 knots. They are also being built to ice class 1A Super. Each Wärtsilä power system comprises a Wärtsilä 8L46 main engine, reduction gearbox with power take-off (PTO) drive, controllable-pitch propeller, and three generating sets, two driven by Wärtsilä 6L20 engines and one by a Wärtsilä 4L20 engine. With a maximum continuous power of 8400 kW each, the 8L46 main engines will be equipped with Direct Water Injection (DWI) for reduced NOx emissions. Redundancy in propulsion is given by the PTO drive which will also serve as an auxiliary propulsion drive, with the shaft generator acting as an electric motor supplied by the 1080 kW auxiliary diesel generating sets. There are other newbuildings under construction for operation by Fortum all powered by Wärtsilä diesel engines, including two larger product/chemical tankers, two escort tugs and two ice-breaking Aframax tankers. All these vessels are being built to a high ice class, and the engines are being arranged for operation at temperatures down to minus 30°C.


Sumitomo Mitsui to Double Overseas Banking Staff

According to a Bloomberg report, Sumitomo Mitsui Financial Group Inc. will double its overseas banking staff that works on financing for ship construction, as Japan's biggest arranger of such deals tries to take advantage of surging demand for vessels. China's appetite for iron ore will boost demand for vessels with cargo capacity of more than 100,000 tons by 44 percent between last year and 2010, according to a report last month by Mitsui O.S.K. Lines Ltd


Kawasaki Heavy Industry, Chinese Co. To Set Up Shipyard

As Beijing looks to boost ship exports, Japan's Kawasaki Heavy Industry Ltd is likely to join state-run China Ocean Shipping Group to set up a $96.8 million shipyard in east China. The shipyard, a 50-50 joint venture, will design and build vessels of at least 160,000 dwt. There are also reports that South Korea's Samsung Heavy Industries Ltd is expected to set up a wholly-owned shipyard in China.


Konecranes Wins More Than $28M in Orders

Konecranes received orders totaling over $28.35m from four South Korean shipyards in September 2007. Hyundai Samho Heavy Industries Co. Ltd, Samsung Heavy Industries Co. Ltd, Hanjin Heavy Industries & Construction Co. Ltd and Daehan Shipbuilding Co. Ltd. ordered the design, project supervision and components for eight Goliath gantry cranes. Deliveries are scheduled for spring 2008. The largest of the cranes ordered has a lifting capacity of 1500 tonnes


Tsakos Charter of DNA Aframax Tanker

Tsakos Energy Navigation Limited (NYSE:TNP) announced the delivery of the double-hull DNA designed 105,000dwt Aframax tanker Ise Princess from Sumitomo Heavy Industries in Japan. The vessel is the fifth delivery in an eight vessel series. The company expects to take delivery of the remaining three vessels by May 2010. Ise Princess immediately commenced a repositioning time-charter for up to four months with a major international oil trader at a fixed rate


South Korea Shipyard Stocks Surge

According to a report from Bloomberg, Hyundai Heavy Industries Co. (009540 KS) surged 11% percent after receiving an order for two LNG ships Dynagas Ltd. of Greece, Samsung Heavy Industries Co. (010140 KS) gained 1.8% after it won a $3b order to build a FPSO facility for Shell Development Pty Ltd., Daewoo Shipbuilding (042660 KS) rose 1.8% and Hyundai Mipo Dockyard (010620 KS) rose 3.5%.     (Source: Bloomberg)


Qingdao and CNOOC Sign Contract

The Qingdao Beihai Shipbuilding Heavy Industries Co., Ltd. and the China National Offshore Oil Corporation (CNOOC) have recently signed a contract on the building of a 100,000-ton FPSO (floating, production, storage and offloading) vessel in Haixi Bay of Qingdao. Qingdao will thus become China's third FPSO vessel building base after Dalian and Shanghai. FPSO, used for offshore oil exploitation and production, has a high technology content and is difficult to build


Bulk Carrier to Ride on Bubbles to Reduce CO2 25%

(Photo: MHI)

Mitsubishi Heavy Industries, Ltd. (MHI) has developed a new bulk carrier which it repotes will enable reductions in CO2 emissions by about 25% compared with conventional averaged bulk carriers. As the first commercial application of the new design, MHI will provide its conceptual design and green technologies to three grain carriers to be built for Archer Daniels Midland Company (ADM) of the U.S. MHI's new bulk carrier design adopts the company's proprietary Mitsubishi Air Lubrication System


China Joint Venture for Cargotec

Cargotec has established a joint venture with Jiangsu Rainbow Heavy Industries Co., Ltd. to strengthen presence in China The joint venture RCI will build a new facility at Taicang in China that will increase Cargotec's delivery capacity. The foundation stone of the facility will be laid in June. RCI will provide leading heavy crane solutions globally and grasp growth opportunities in the Chinese and global markets. The joint venturewill focus on ship-to-shore cranes


Fednav Orders New Icebreaker

Fednavs MV Umiak I: credit Fednav Ltd

Fednav Ltd. orders ice-breaking bulk carrier from Sumitomo Corporation & Universal Shipbuilding Corporation, Japan. The new vessel has been ordered in order for Fednav to fulfil a long-term contract which provides for the transportation of nickel and copper concentrates from Canadian Royalties' Nunavik Nickel Project in northern Quebec to customers in Europe as well as the import from Europe of mine supplies and equipment.


Debt-Laden Bulk Shipper to be Liquidated

A Chinese court has ordered a unit of debt-laden dry bulk goods shipper Chang Jiang Shipping Group Phoenix Co Ltd to liquidate its assets, displaying further evidence of the troubles faced by the country's beleaguered shippers.   The unit


Ultra Deepwater Rig Towed 11,500 Miles

Image Courtesy Fairmount

Fairmount Marine towed Sevan Louisiana to Curaçao Tug Fairmount Sherpa towed rig Sevan Louisiana safely from Singapore to Curaçao. During the 11,500 miles voyage via Cape of Good Hope, stops were made in Port Louis (Mauritius)


Samsung Heavy Takes Up 7 Container Ship Order

Container ship file photo

 South Korea's Samsung Heavy Industries said on Wednesday that it is proceeding with a project worth 642.9 billion won ($617.67 million) to build seven container ships as planned. The shipbuilder won the order from Chilean shipping firm Compania Sudamericana de Vapores (CSAV) a year ago


Tsuneishi to build shipyard in Indonesia -

Philippine shipbuilder Tsuneishi Heavy Industries Inc plans to expand into Indonesia this year, said CEO Hitoshi Kono, adding that the firm plans to build a shipyard here. (Investor Daily) Note: Reuters has not verified this story and does not vouch for its accuracy.


New Literature Showcases HDOCB Support

HDOCBbrochure.jpg

Altra Heavy Duty & Overrunning Clutch Brake group (HDOCB) has published a new brochure that gives engineers an overview of the engineering support provided by Altra brands including Wichita Clutch, Industrial Clutch, Twiflex Limited, Formsprag Clutch, Marland Clutch and Stieber Clutch.


China Shipyard Delivers Offshore Pipelay Heavy Lift Vessel

A similar vessel: Photo courtesy of PR Allseas

COSCO (Nantong) Shipyard a subsidiary of the COSCO Shipyard Group informs it has delivered a pipelay heavy lift vessel, "SapuraKencana 1200", to its Asian buyer. The pipelay heavy lift vessel is designed to carry out multiple functions including oil piping processing, laying


MHI Reports $586M Loss on Cruise Ship Builds

Pier Luigi Foschi, Chairman & CEO of Costa Crociere, (center) and Hisashi Hara, Director, Executive Vice President and General Manager of Shipbuilding & Ocean Development business of MHI (second from right) sign the contract in 2011.

Mitsubishi Heavy Industries, Ltd. (MHI) booked an extraordinary loss of approximately 60 billion yen (roughly $586 million USD) on the build of two cruise ships as a loss provision related to the construction work in its consolidated financial results for fiscal year (FY) 2013 (ending March 31


Important China Dual-Fuel Diesel Engine Order for Wärtsilä

RT Flex 50DF Engine: Image courtesy of Wärtsilä

Wärtsilä inform that its new  low-pressure, 2-stroke, dual-fuel engine (DF), the 5-cylinder Wärtsilä RT-flex50DF engine, together with the gas valve unit and other relevant equipment, has been ordered for a new liquefied natural gas (LNG) carrier vessel being built for the


Canadian Minister of Industry Visits KOTUG

AJ Kooren, James Moore and Paul Jamer

Canadian Minister of Industry, the Honorable James Moore, visited the KOTUG’s Headquarters and sailed on board of the hybrid Rotortug RT Adriaan, the so-called E-KOTUG, in the Port of Rotterdam. The Prime Minister, Stephen Harper and the Minister of Industry


BMT Designs Jetty for New Malaysia Refinery Construction

MOLF at Johor: Image courtesy BMT

BMT Asia Pacific Pte Ltd (BMT), says it has completed a concept design for the Material Off Loading Facility (MOLF) at Petroliam Nasional Berhad’s (Petronas’) proposed Refinery and Petrochemical Integrated Development (RAPID) complex in southeast Johor, Malaysia.  


Robert Allan Sign Tugboat Design Contracts in Netherlands

Contract signing: Photo Robert Allan

Robert Allan Ltd informs of the signing of two contracts during a recent Canadian Trade Mission to the Kingdom of the Netherlands. Details of the contracts are as follows: Contract for ART 80-32 The first signing covered the new ART 80-32, designed by Robert Allan Ltd


WFW Advises FPSO Joint Venture Debt Financing

International law firm Watson, Farley & Williams Asia Practice LLP (WFW) said it advised a joint venture involving M3nergy and PT Transamudra as sponsors on a $182 million term facility and $38.4 million guarantee facility. The funds will finance the floating production


S.Korea's Samsung Heavy wins $1.27 bln drillships order

Samsung Heavy Industries Co Ltd said on Wednesday it won a 1.34 trillion won ($1.27 billion) order to build two drillships for an unnamed firm based in or near Australia. The South Korean shipbuilder said in a regulatory filing the contract was expected to be completed by June 2017. ($1 = 1052


Samsung Heavy Wins Drillships Order

Samsung Heavy Industries Co Ltd said on Wednesday it won a 1.34 trillion won ($1.27 billion) order to build two drillships for an unnamed firm based in or near Australia.   The South Korean shipbuilder said in a regulatory filing the contract was expected to be completed by June 2017


Chang Jiang Shipping Faces Asset Liquidation

A Chinese court has ordered a unit of debt-laden dry bulk goods shipper Chang Jiang Shipping Group Phoenix Co. Ltd. to liquidate its assets, displaying further evidence of the troubles faced by the country's beleaguered shippers.   The unit


 
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