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THE BIG THREE

LNG Carriers, Drillship Orders Increase in Korea Yard

Photo credit Wiki CCL lngrivers

Shipbuilding orders trend upward at Samsung Heavy Industries Easing of the Eurozone sovereign debt problems, increased issue of drilling permits in the Gulf of Mexico and growing demand for drillships in Latin America and West Africa have combined to give Samsung Heavy Industries the best order growth visibility among the “Big Three” – Hyundai Heavy Industries and Daewoo Shipbuilding and Marine Engineering. Already, Samsung Heavy Industries has achieved 38 percent of its annual order guidance or $3.8 billion, winning the orders from Inpex’s central processing facilities and two drillships. Orders for LNG carriers and drillships are on an upswing; so far this year Samsung Heavy Industries has achieved 38 percent of its annual order guidance or $3.8 billion, winning the orders of Inpex’s central processing facilities (CPF) and two drillships. SHI has seven drillship options, the most popular shipbuilding category of 2012


S. Korea Still Dominates World Shipbuilding

Hyundai Heavy Industries built Abdelkader, a 177,000 cu. m. Tri-Fuel Diesel Electric LNG Carrier which was named Great Ship of the Year in 2010 by Maritime Reporter & Engineering News.

While China has aggressively built its shipbuilding infrastructure in the past 10 years, the most important number, top winner in contract value, still remains the domain of South Korea, which has reportedly logged $37.8b in orders thus far in 2011 vs. China's $10.3 billion, according to a report today on www.businessweek.com. The evolution of the Chinese shipbuilding industry is actually akin to the development of a shipbuilding nation, with a focus on cheap labor and lower-technology


Oil's Merger Year Leaves Some In The Lurch

TotalFina's European energy merger with Elf has tied up the rejuvenated oil sector's last obvious pairing but more marriages may still be on the cards. The revival of oil prices from historic lows that spurred furious company consolidation has not fixed the energy sector's underlying problems and other firms will have to seek strength through size, analysts said. U.S. Texaco and Chevron need acquisitions to avoid being left as Big Oil's poor relations while in Europe Italy's ENI


Pollution Control Vessels Launched

boat.JPG

Three unique pollution control vessels have been launched in Dorset – with a fourth under construction. The vessels – three with Doosan engines and Westerbeke generators from engine and generator specialist WaterMota – are to be used for  oil spill recovery in South America and West Africa. Build by Manor Marine for Desmi Ro-Clean, the steel Pollution Catamarans (Pollcats) – 19m, 15.5m and 12m - are designed to absorb oil or pollution working at a speed of up to


Vessel Ordering Mania – Why?

The flood of interest in ordering new container vessels is motivated by other factors than supply and demand. The recent surge in new vessel orders at a time of industry-wide overcapacity suggests that market fundamentals are no longer the main driver. Even when the most recently ordered ships are delivered in 2016, Europe and the U.S. are still likely to be climbing out of recession, which means that capacity in the east-west trades will continue to outstrip demand.


Chinese Shipyard in Fifth Place for First Time

Image: Shanghai Waigaoqiao Shipbuilding

 According to UK-based Clarkson Research Services, Shanghai Waigaoqiao Shipbuilding (SWS) had an order backlog in November of just over three million compensated gross tons  (CGTs), an indicator of the level of shipbuilding ouput.   That puts the Chinese  shipbuilder in fifth place by order backlog in November, posing a threat to South Korean shipyards which had been dominating the top five list for years.  


Damaged Pipeline Recovered

Upon completion of the second successful pipelay, 22,000’ x 6” in the Ship Shoal area, BISSO MARINE pipeline division reconfigured the DLB BIG CHIEF to recover 14,000’ of 20” pipeline in the Main Pass area. The 20” pipeline, which was crossed by three trunklines, had been uncovered, kinked and moved about during Hurricane Ivan, leaving the line in a condition which prevented any opportunity to pig the pipeline prior to the removal.


Frontline bids for General Maritime

Bloomberg has reported that shares of General Maritime Corp., the second-largest US oil-tanker owner, may not rise much further after Bermuda-based Frontline Ltd. raised its stake in the company and said it would seek talks to combine the businesses, JPMorgan Chase & Co. said.General Maritime’s shares are trading at 12 percent more than $36.70, which is JPMorgan’s estimated net asset value for the company at the end of 2006


China Launches Three Models LNG Vessels

According to a Feb. 7 report from Chinese news agency, Xinhua, China State Shipbuilding Co. (CSSC), the nation's biggest shipyard, launched three self-developed models of liquefied natural gas (LNG) ships. The three LNG vessels, with a capacity of 160,000 cubic meters, 175,000 cubic meters, and 220,000 cubic meters, are built to meet the increasing shipping demand as the world's economy is on the track of recovery, said the CSSC. (Source: Xinhua)


Cruise Season Opens in the Port of Kiel

Photo: Port of Kiel

This year’s cruise shipping season in Kiel opened on Saturday, April 5 when the first cruise ship of the year, the AIDAcara, berthed in the port after sailing through the Kiel Canal. During this year’s season, which will last until mid October, 22 different cruise ships are registered to visit Kiel a total of 125 times. The highlights of the season include the Kieler Woche regatta between June 21 and June 29 during which 16 cruise ships will be in the port alongside many tall ships


Sembcorp Profit Halved as Clients Defer Projects

Revenue falls 30 pct; order book at S$9.7 billion. Singapore rig-builder Sembcorp Marine's quarterly profit halved as customers deferred projects, and it faces prolonged uncertainty on contracts from its biggest client, Sete Brasil, whose shareholders have approved its bankruptcy.


EU Clears CMA CGM, NOL Merger, with Conditions

File image: a CMA CGM containership (Marad)

The European Commission said on Friday it had cleared French shipping group CMA CGM's $2.4 billion takeover of Neptune Orient Lines on condition that NOL pulls out from a rival shipping alliance. The announcement confirms a Reuters report on April 21 about the impending approval.


Pacific Nations Take a Stand on Shipping Emissions

Photo: IMO

On Earth Day, Pacific leaders queued among 175 countries to sign the Paris Agreement in New York. Earlier that day in London, the International Maritime Organization (IMO), the United Nations Framework Convention on Climate Change (UNFCCC)’s sister UN specialized agency


Turkish LPD Comes into Effect

DHA Photo

 Turkey has launched the building phase of its amphibious landing platform dock (LPD) warship for the Turkish Naval Forces with a ceremony on April 30, says Hurriyet.   Last year, the Turkish government announced it signed a nearly $ 1 billion deal with a local shipyard to produce the


Migrant Boat Sinks, Hundreds Feared Dead

Up to 500 migrants might have drowned in the Mediterranean last week when human traffickers crammed people onto an already overcrowded ship, causing it to sink, the U.N. refugee agency said on Wednesday.   Somalia's government said on Monday about 200 or more Somalis may have died in the


EU to Okay $2.4 bln Box Shipping Deal

File image: the CMA CGM Ben Franklin (Marad)

EU approval conditional on NOL pulling out from G6 alliance. French shipping group CMA CGM's $2.4 billion takeover of Neptune Orient Lines is set to be cleared by the European Union's competition regulators, on condition that NOL pulls out from a rival shipping alliance


Hyundai Merchant Marine in Doldrums

Photo: Hyundai Merchant Marine Co

 Amid speculation that Hyundai Merchant Marine Co. (HMM) may go into court receivership, the financial authorities and creditors will try to make it a subsidiary of Korea Development Bank (KDB).    South Korea’s finance minister Yoo Il-ho said that HMM


Konecranes' Goliath crane for Meyer Turku Shipyard

Konecranes will deliver a new 1,200 ton Goliath crane to Meyer Turku shipyard in Finland. Photo Meyer Turku Oy

Konecranes will deliver a new 1,200 ton Goliath gantry crane to Meyer Turku Oy. The design, precision drive components, electrical installation and automation system and structural components will be supplied by Konecranes, while Meyer Turku will manufacture the main girder in its own hull


Hanjin Shipping Opts for Debt Restructuring

Photo: Hanjin Shipping Co. Ltd

 South Korea’s Hanjin Shipping Co. Ltd will work with lenders to restructure debt after years of weak demand resulted in losses and cash erosion, reports Bloomberg.   The board of Hanjin Shipping decided to file for receivership and give creditors authority to manage the company


Statoil Buys Half Arkona Offshore Wind Farm Stakes

Illustration from the Amrumbank West Wind Farm. (Photo E.ON)

Statoil today enters the German offshore wind market, through a 50% acquisition of the Arkona offshore wind farm. Statoil and E.ON also announced the final investment decision on the 385 megawatt project. The estimated total investment for the project will be in excess of EUR 1.2 billion.


CASPER Teams up with ECKS MARINE

Copenhagen-based Propulsion Dynamics and Hamburg-based ECKS MARINE have signed an agreement to work together on the German maritime market with the goal of improving energy efficiency related to hull and propeller condition with Propulsion Dynamic’s CASPER Service.  


Port of Kiel's Cruise Season is Underway

Photo courtesy of Port of Kiel

The cruise shipping season got underway in the Port of Kiel in the early hours of today with the arrival of the season’s first ship AIDAluna at the Ostseekai Terminal.   The cruise ship is coming in after from a transfer trip from the Caribbean and will be based in Kiel – as


Cobham, Inmarsat Enable Smart Shipping for Nanjing Tankers

Contract signing ceremony with Mr. Zhang Chuan Qin, EVP of NTC (right), and Mr. Song Zhen, Vice President of Sales and Marketing for MCN. Photo Inmarsat

Inmarsat (LSE:ISAT.L), and Cobham SATCOM today announced that their partner Beijing Marine Communication & Navigation Company Ltd. (MCN) has won the largest Inmarsat Fleet Xpress installation project to date, with Nanjing Tanker Corporation of China


DP World Wins Limassol Port Contract

Photo: DP World

 DP World, one of the world's biggest port operators, and the Cypriot logistics and services company GAP Vassilopoulos Public have won two concessions to manage commercial activities at Limassol Port in Cyprus starting in January.  


US Battles Russia for European LNG Market

Image: Cheniere Energy

 As the U.S. prepares to enter the European gas markets with its first delivery of liquefied natural gas, Norway and Russia are expected to increase production to lower prices and make exporting less desirable to the U.S., reports Daily Sabah.  






 
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