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Carrier Order

Hyundai Heavy $600M Order for LNG Carriers

* Photo: Abdelkader, LNG Carrier Hyundai Heavy built and selected as one of the world’s best ships in 2010.

Hyundai Heavy Industries, the world’s largest shipbuilder, won a $600 million order to build two 155,000 m3 LNG carriers, including an option for another same class vessel, from Greece-based Dynagas Ltd. These membrane-type LNG carriers are due for delivery in the second half of 2013. They will feature the Dual Fuel Diesel Engine System which allows the ship to run on oil fuel or natural gas. Due to tightening global regulations on carbon emissions, increasing demand for LNG as an alternative energy source after Japanese nuclear crisis, and price competitiveness of LNG in comparison with oil prices, Hyundai Heavy expects to see more liquefied natural gas carrier orders in the future. As a part of the Company’s long term strategy for the expected increase in demand for LNG carriers and LNG FPSOs, Hyundai Heavy has been actively developing a special welding system that can work on the thick aluminum plates used for the LNG tanks. Winning this order brings Hyundai Heavy’s total new orders in shipbuilding and offshore & engineering divisions so far this year to 42 ships worth of USD 10.5 billion, or 53% of the new order target of USD 19.8 billion. Source: HHI


MOL's LNG Carrier KUMUL Delivered

At the naming ceremony Courtesy MOL

Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) announced the delivery of the LNG carrier KUMUL at Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. (Hudong) in Shanghai on April 29. A naming ceremony was held at the shipyard on April 8. The KUMUL, which was ordered by MOL subsidiary Gemini LNG Shipping Limited (Gemini), is the last in a series of four new-building LNG carriers ordered by MOL to provide LNG transportation for projects in Papua New Guinea


Daewoo's Financials Come Full Circle

A flood of LNG carrier orders and dollar-denominated payments skewed towards delivery have helped South Korea's Daewoo shipyard, (now known as the world's second largest shipbuilder) still under workout, craft one of the country's most dramatic corporate turnarounds. "It is like dreaming a really good dream," said a high level official at Daewoo Shipbuilding. "We are now nearly monopolizing the global market for LNG carriers and benefiting from the recent weak won better than our rivals


Bergesen Makes Preliminary LNG Agreement

Bergesen has entered into a preliminary agreement with the Algerian oil company Sonatrach for employment of one LNG-carrier for minimum 20 years from delivery. Sonatrach has an option to extend the agreement by maximum five years. The vessel is the third vessel in a series of seven large LNG-carriers ordered by Bergesen at Daewoo Shipbuilding & Marine Engineering Co. Ltd, Korea. The vessel shall be delivered in third quarter 2004.


Huangpu Wenchong Bags Contract for Two Vessels

Image: CSSC Huangpu Wenchong Shipbuilding Company

 Huangpu Wenchong Shipbuilding has secured newbuild contracts for a 17,000dwt asphalt carrier and a 38,800dwt bulk carrier.   The eco-friendly bulk carrier is scheduled to be delivered from the shipyard by end-2017. Financial details of the deal were not disclosed.   The asphalt carrier, ordered by Tianjin Southwest Marine, is scheduled for delivery in 2017.   The bulk carrier was ordered by CSSC Shipping (Hong Kong), the shipowning division of CSSC


Gaslog’s New LNGC to Feature Mark V Technology

 Following Samsung Heavy Industries’ (SHI) order announced last October 11, 2016, the new GTT's Mark V technology is confirmed as the technology to equip the new LNG carrier ordered by the European ship-owner Gaslog.   The vessel will be built at SHI's shipyard in Goeje Island. Delivery is scheduled in 2019.   “Gaslog's choice of our new membrane containment system highlights the confidence of our partners in our innovations


EU Monitors Market

No improvement in the market and no change in the behaviour of South Korean yards, says fifth Commission report on world shipbuilding The world shipbuilding market continues to face serious difficulties, while certain South Korean yards are still pricing ships below cost, notes the European Commission's latest (fifth) report on world shipbuilding, adopted today. World ship prices are still being depressed by excess supply, due to past expansion of yards mainly in Korea


Latest Global Shipbuilding Orders

With the newbuilding market remaining quiet towards the end of August, Clarkson Hellas S+P Weekly Bulletin reports a limited number of dry bulk carrier orders in the Capesize sector, with few orders in other sectors as follows: Rizhao Steel (Cara Shipping) are understood by Clarkson Hellas to have contracted two firm 180,000 DWT Capesize at both Dalian and Qingdao Beihai, with an additional two options at the latter


DSME Rolls Out World's Largest Containership

 Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has named the MSC Oscar, which has claimed the title of the world’s biggest containership. After the christening ceremony the MSC Oscar departed for Busan. The vessel has a capacity of 19,224 containers, and is the equivalent of four football stadiums in length with the nominal capacity of 19,224 TEU. The prestigious title has been taken over from China Shipping’s CSCL Globe, boasting 19,100 teu


GTT Receives Order for Two LNG Carrier Newbuilds

GTT has received an order from Hyundai Heavy Industries (HHI) for two new liquefied natural gas carriers (LNGCs) to be built at HHI’s shipyard in Ulsan for SK Shipping, a Korean shipowner. Delivery is scheduled in 2019.                The vessels, designed according to the new IGC standards published in 2016, will be equipped with GTT's Mark III Flex membrane technology. Mark III Flex is particularly well-suited for the highly efficient XDF


Nenita Ran Aground in Columbia River

 U.S. Coast Guard photo courtesy of Sector Columbia River.

 The bulk carrier Nenita ran aground in lower Columbia river near Skamokawa in Washington, USA.   Watch standers with Sector Columbia River in Warrenton were notified at 3:21 a.m. that the 738-foot Nenita, a Marshall Islands-flagged bulk carrier loaded with grain and less than 300


GE Shipping Contracts to Buy 2 Suezmax Crude Carriers

 The Great Eastern Shipping Company Limited (GE Shipping) has signed contracts to buy 2 Suezmax crude Carriers of about 157,000dwt each. The 2010 and 2011 built vessels are expected to join the company's fleet in Q4 FY17.   


MISC Berhad Names New LNG Carrier Seri Cenderawasih

Official Seri Cenderawasih Photo MISC

MISC Berhad today held the naming and delivery ceremony for its new LNG carrier, Seri Cenderawasih. The 150,200 CBM liquefied natural gas (LNG) carrier is the second in a series of five MOSS-Type LNG carriers ordered from Hyundai Heavy Industries Co., Ltd. (HHI”) by MISC


30 Kalmar Hybrid Shuttle Carriers for APM Terminals Tangier

Image Kalmar hybrid straddle carrier Photo Cargotec

Kalmar, part of Cargotec, has signed a contract with APM Terminals to deliver 30 Kalmar Hybrid Shuttle Carriers with high level of automation readiness as well as the related service and support to the customer's MedPort Terminal in Tangier, Marocco


LNG Investment Swings to North America

Photo: Chamber of Shipping of British Columbia

 The LNG industry is undergoing a dramatic transformation. North American activity (the majority of which is committed spend) is driving a return to growth in global capital expenditure. A wave of new LNG carrier newbuilds will also be required to support a huge increase in traded base-load


New LNG Carrier Delivered to MISC Berhad

(Photo: MISC Berhad)

MISC Berhad (MISC) held the naming and delivery ceremony of its new LNG carrier, Seri Camellia. The 150,200 cu. m. Liquefied Natural Gas (LNG) carrier is the first in a series of five MOSS-Type LNG carriers ordered from Hyundai Heavy Industries Co., Ltd. (HHI) by MISC


Gas Carrier Fleet Nears a New Milestone

Graph: Clarksons Research

 In the last two decades gas shipping sectors have been amongst the faster growing parts of the the world of global shipping industry, says Clarksons Research.   This week’s Analysis takes a look at how shipping’s ‘coolest’ sector has grown in prominence to


LNG Newcomer Mulls $3.8 billion 20-Vessel Order

Image: CB&I

 According to Reuters CBI Energy and Chemical (CB&I), a little known investment firm, plans to order up to 20 LNG carriers, in a deal worth up to US$3.8 billion – a  huge prospect to South Korea’s beleaguered shipbuilding sector and a massive boost to the global LNG


South Korean Yards Eyed for $3.8 Bln LNG Shipbuilding Deal

A little-known investment company said it intends to order up to 20 liquefied natural gas (LNG) carriers, probably from South Korean shipbuilders. The contracts would be worth as much as $3.8 billion, two people with direct knowledge of the matter told Reuters.  


Vard Extends SCHOTTEL Propulsion Order

VARD 9 28 - 3 Module Carrier Vessels for KMTF. (For illustration only, courtesy VARD)

Having already secured the contract in early summer to fit 15 Vard design 9 21 module carriers, propulsion specialist SCHOTTEL has now also received a follow-up order to fit three further Vard design 9 28 vessels with 12 main and auxiliary units.  


DSME Taps GTT to Equip Maran’s New LNG Carriers

GTT said it has received an order from Daewoo Shipbuilding & Marine Engineering (DSME) to equip two new LNG carriers scheduled for delivery in 2019.   The vessels will be built at DSME's shipyard in Geoje, Korea, on behalf of Maran Gas Maritime, a Greek management company


Reliance Inaugurates New Ethane Carriers

A Type C Tank being installed on World’s first very large ethane carrier of Reliance

In a ceremony held in Geoje (South Korea), Indian's largest private sector company Reliance Industries Limited (Reliance) inaugurated its very first two VLEC (Very Large Ethane Carrier), in the presence of the shipyard Samsung Heavy Industries (SHI) and other key partners of the project


KONGSBERG Integrated Automation for LNG Fuelled Bulker

Kongsberg Maritime systems chosen for LNG Fuelled bulk carrier vessel under construction at Hyundai Mipo in South Korea (existing Ilshin bulk carrier pictured). Image courtesy Ilshin Shipping Company

Kongsberg Maritime has been chosen to supply a full integrated automation solution including the first delivery of its advanced new Fuel Gas Supply System (FGSS) for a newbuild 50,000 DWT LNG Fuelled bulk carrier, ordered by South Korean ship owner, Ilshin Shipping Company


23 Kalmar Straddle Carriers for Transnet, South Africa

Straddle Carrier Photo Kalmar

Kalmar has won a large order to supply 23 diesel-electric straddle carriers to Transnet Port Terminals (TPT) Durban Pier 2, a dedicated straddle carrier operation in South Africa currently handling a throughput of 2.6 million TEU. The contract also includes a delivery of a straddle carrier


Terex to Automate Ports of Auckland's Straddle Carrier Fleet

Terex Port Solutions is supplying an automated solution with straddle carriers for the first time. 27 fully automated Terex N SC 644 E straddle carriers will be shipped to Auckland by mid-2019. They will be used in New Zealand to manage the container stackyard and for serving trucks. The picture shows an artist’s impression of automated straddle carriers of the same size.

Terex Port Solutions (TPS) is for the first time automating a straddle carrier fleet for Ports of Auckland Ltd. (POAL) from New Zealand. By mid-2019, TPS will supply a total of 27 new, fully automated N SC 644 E (1-over-3) machines to work in the container stackyard and to serve trucks.






 
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