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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


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.


Pollution Control Vessels Launched

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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.


Hutchison Buy Follows Maersk Deal

Hutchison Port, a unit of conglomerate Hutchison announced earlier on Wednesday a 30 percent investment in Westport Holdings, a multi-purpose terminal in Malaysia's biggest port, Port Klang. Hutchison, controlled by Hong Kong tycoon Li Ka-shing, said in a statement that the deal would allow it to participate in Malaysia's economy. It gave no other details of the deal. Malaysia has 15 ports including Port Klang, on the west coast of Malaysia, which is the nation's main port.


Bisso Marine Buries Pipeline in Gulf

 Photo courtesy T&T Bisso

Bisso Marine, a provider of energy and maritime support services, successfully buried a pipeline 16 feet below the hardened seabed of the Gulf of Mexico. Working in 54 feet of water, the crew of the DLB Big Chief installed a hot tap and used one of the company’s three 2,700 gpm@1,150 psi Super Jet Pump Systems to bury 13,893 feet of pipeline 10 miles off Galveston Island. The pipeline burial was especially challenging because of the hard shear strength of the soil on the seafloor


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


NZ's Lyttelton Port Recommends Offer, to Pay Special Dividend

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The board of New Zealand's  Lyttelton Port Co. Ltd recommended minority shareholders accept an offer of NZ$3.95 a share offer from the commercial arm of the Christchurch city council. The board backed the offer from Christchurch City Holdings Ltd, which controls 95


Gibdock Rreputation Rises in German Market

Richard Beards, Managing Director, Gibdock

Gibdock has continued to see its stock rise amongst the German shipowner community over the past year. Indeed the Gibraltar ship repair yard’s recent client list reads like a ‘Who’s Who’ of leading German shipowners and managers


Nanotechnology & Big Data: New Review

Technology abstract: File image

A report commissioned by the Lloyd’s Register Foundation, reviewing the potential implications of nanotechnology on the safety and performance of engineering assets and the infrastructure on which modern society relies on, finds that nanotechnology will have a far reaching impact on almost


Imtech Marine Nav/Com Partner for Groen OSV

Christening of the 7-Oceans

The first newbuild ship in a series of three offshore support vessels (OSVS) for shipowner Groen (Scheveningen), 7-Oceans, was delivered at Damen Maaskant Shipyards in Stellendam, the Netherlands at the end of July. Imtech Marine Netherlands provided all navigation and communication equipment


Indonesian Miners Demand Longer Transition for New Rule

Indonesian Miners demand more time

  Coal miners have called on the government to extend the transition period for implementing a new coal-export rule that creates longer procedures before shipment.   In a change to previous arrangements, from Sept. 1 Indonesia, the world’s biggest exporter of thermal coal


Brazil Iron Ore Terminal will Start This Year

Trading firm Trafigura and Abu Dhabi sovereign wealth fund Mubadala said on Thursday their Brazilian port for exporting iron ore will start this year, in response to a steelmaker with a contract to use the port that said the opening could be pushed back to 2015.


Asia-Europe Container Rates Fall Almost 11 pct

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Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 10.7 percent to $1,198 per 20-foot container (TEU) in the week ended on Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters.


Russian Food Import Ban: Trucks Lose, Shipping Wins

Photo: Hapag-Lloyd

Team Niinivirta, a Finnish family-run transportation firm, turned 60 this year, but its third-generation managers now don't know if the business will see Christmas, because of Russia's new ban on European food imports. The firm based in Kotka, on the Gulf of Finland opposite Saint Petersburg


Roll-iT Reacts to Growing Demand

Amrumbank module on the move: positioning a OHVS module 2100T RORO transport onto a barge at the Cofely Fabricom Hoboken module yard on SCHEUERLE SPMTs

Roll-iT reaches new peaks with SCHEUERLE Self-Propelled Modular Transporters Roll-iT from Stabroek, Belgium is a co-partnership of Aertssen Kranen (Aertssen Group) and Ivens Transport & Kraanbedrijf (Ivens Group), two players in the construction, transport and crane rental sectors


Libyan Boat Sinks: Perhaps Plus 250 Lost

Wreck buoy: File image

More than 250 migrants may have died when a boat sank a kilometre (half a mile) off the Libyan coast, a coastguard official said on Sunday. "We believe there are still more than 250 bodies trapped underwater," coastguard official Mohammad Abdellatif told Reuters


Kogas Talks to Offload up to 10 Autumn LNG Cargoes

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Korea Gas Corp. has approached long-term suppliers of liquefied natural gas (LNG) to defer up to 10 autumn cargos to winter, showing it is lumbered with excess supply and pulling out of spot markets, industry sources said. High stocks and weak demand prompted state-run Kogas


Maersk to Raise Freight Rates from Asia to Europe

Photo: Maersk

The world's biggest container shipping company Maersk Line, a unit of A.P. Moller-Maersk , said it plans to raise freight rates on routes from Asia to northern Europe by $400 per 20-foot container (TEU). The new rates will take effect from Sep


Brazil AHTS Contract Breakthrough for Havyard

Contract signing: Photo Havyard

Havyard says it is to deliver the ship design and equipment for four anchor handling tug supply (AHTS) vessels that are to be built and operated by the Brazilian shipping company and shipyard group Grupo CBO. The contract has been entered into by Havyard Design & Solutions


China's National Carbon Market to Start in 2016

China facing Pollution

   China plans to roll out its national market for carbon permit trading in 2016, an official said Sunday, adding that the government is close to finalising rules for what will be the world's biggest emissions trading scheme. The world's biggest-emitting nation


More German Shipowners Look to Gibdock for Repairs

Richard Beards: Photo Gibdock

Gibdock remarks it has continued to see its stock rise amongst the German shipowner community over the past year. Indeed the Gibraltar ship repair yard’s recent client list reads like a ‘Who’s Who’ of leading German shipowners and managers






 
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