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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


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.


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


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


OSG To Build Four Tankers

Overseas Shipholding Group, Inc. will build four, 114,000 dwt 44-meterbeam Aframax tankers at the New Times Shipbuilding Co., Ltd. shipyard based in Jinjiang, China. The vessels, scheduled for delivery in 2008 and 2009, will increase OSG's Aframax fleet to 21 tankers serving customers in the Atlantic basin, and will operate in the Aframax International (AI) pool. The tankers will be built using the new Common Structural Rules (CSR) recently established by IACS for all tankers and


MHI : Landmark LNG Carrier Shipbuild Contract

Photo: MHI

On May 17, 2013, Mitsubishi Heavy Industries Ltd. (MHI) will sign an agreement with Mitsui O.S.K. Lines Ltd. (MOL) to build a Sayaendo series new-generation liquefied natural gas (LNG) carrier. Sayaendo series ships feature a unique structure that integrates the LNG tank cover with the ship hull, resulting in significantly improved fuel consumption and maintainability. From 2020 the new ship will be used mainly for transportation of LNG produced by the Ichthys LNG Project in Australia for


Rolls-Royce to Design, Power Fish Carrier

Photo: Rolls-Royce

Rolls-Royce announced today that it has signed a contract for the delivery of design and equipment for a live fish carrier, to be built at the Tersan shipyard in Turkey for Faroese ship owner Bakkafrost. The contract is worth approximately £5.8 million to Rolls-Royce. The vessel is a Rolls-Royce design, type NVC 386, featuring the characteristic wave-piercing bow designed to cut through waves in rough seas, making it possible to keep a more constant speed


ABS to Class the World's First CNG Ship

ABS Chairman and CEO Christopher J. Wiernicki

ABS announced it has been chosen to class the world's first compressed natural gas (CNG) carrier ordered by Pelayaran Bahtera Adhiguna, a subsidiary of Indonesia's state-owned power company Perusahaan Listrik Negara (PT PLN). The award for the precedent-setting ship, to be built at Qingdao Wuchuan Heavy Industry's shipyard in northern China, is the latest example of ABS' leadership in the gas ship sector, where the largest share of LNG ships is presently being built to its classification


GTT Records Order for 2 LNG Tankers

GTT receives a new order from Hyundai Samho Heavy Industries for two LNGCs for Teekay   GTT, a designer of membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG), announced it has received a new order for two LNG carriers (LNGCs) to be built


GasLog Partners To Buy Three Vessels

Methane Shirley Elisabeth

  GasLog Partners LP and GasLog Ltd. announced today the closing of the Partnership’s acquisition from GasLog of 100% of the ownership interests in the entities that own and charter the liquefied natural gas (“LNG”) carriers the Methane Alison Victoria


Grimaldi Orders Three PCTCs

Image: Grimaldi Group

 After signing an order for the construction of five new ships two weeks ago, the Italian shipowner  Grimaldi Group has signed another contract for the construction of three new PCTC-type ships (Pure Car and Truck Carriers) at the Chinese Jinling shipyard


South Korea Tops in Shipbuild Orders

Photo: Hyundai Heavy Industries Co

 South Korean shipbuilders, led by industry leader Hyundai Heavy Industries Co., have secured the largest amount of new orders in the first six months of the year to retain the top slot, while the global shipbuilding industry saw new orders halve


Bahri Orders VLCC Newbuilds

Bahri ordered five newbuild very large crude carriers from Hyundai Samho Heavy Industries   The National Shipping Company of Saudi Arabia (Bahri) today signed an agreement with Hyundai Samho Heavy Industries (HSHI) Co. Ltd. to build five very large crude carriers (VLCC)


LNG Vessel with Wartsila Integrated Solutions Delivered to Evergas

Evergas scope

  The first in a series of 27,500 cbm 'Dragon' class vessels ordered by Evergas, a world renowned owner and operator of seaborne petrochemical and liquid gas transport vessels, is being delivered from the Sinopacific Offshore & Engineering (SOE) shipyard in China today


BWTS Newcomer Sees Early Success

Photo: MMC Green Technology

Norwegian manufacturer of ballast water treatment systems MMC Green Technology reports it has sold more than 70 systems since going commercial with its MMC BWMS two years ago, 40 of which have already been installed on board vessels worldwide, the company said.


Kongsberg Contracted to Support FLNG Conversion

CG drawing of the Golar Hilli after conversion (Image courtesy of Kongsberg Maritime)

Kongsberg Maritime secures position in the LNG market with electrical and automation contract for Golar Hilli FLNG   Keppel Shipyard in Singapore and Black & Veatch in the U.S. have awarded Kongsberg Maritime an order for the delivery of an electrical package and safety and automation


UASC Launches New Europe-US Service

Image: United Arab Shipping Company

 United Arab Shipping Company (UASC) has launched a North Europe - US East Coast (NEU1) service as well as an order of 3,500 reefer containers as part of its ongoing expansion phase.    The new NEU1 service has been added as part of UASC's strategic international network to


UASC Enters New Phase of Expansion

Photo: UASC

United Arab Shipping Company (UASC), a container shipping line recently announced the launch of a North Europe – US East Coast (NEU1) service as well as an order of 3,500 reefer containers. The new NEU1 service is part of UASC’s strategic global network to provide customers with


Thordon Reports Big Orders from Chinese Shipyards

Photo: Thordon Bearings

Thordon Bearings has received an order for a total of 20 seawater-lubricated COMPAC Propeller Shaft Bearing Systems for Chinese shipyards, marking the Canadian company’s most significant order for commercial vessels. Thordon Bearings


GTT Bags Order for FSRU from Hyundai Heavy

GTT (Gaztransport & Technigaz), a designer of membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG), announced that its Mark III Flex technology was selected for a new Floating Storage & Regasification Unit (FSRU)


Rolls-Royce Wins Order for Live Fish Carrier

Live Fish Carrier Design from Rolls Royce

  Rolls-Royce has signed an order for a Live Fish Carrier. This will be the third vessel developed by Rolls-Royce for the Norwegian ship owner Sølvtrans AS, one of the world’s largest transporter of live fish. The Rolls-Royce designed vessel of type NVC 387 is to be built by


Teekay, BP Enter Deal for Newbuild LNG Tankers

Teekay LNG signs charter contracts with BP for up to two LNG carrier newbuilds   Teekay LNG Partners L.P. announced that it has entered into a 13-year time-charter contract with BP Shipping Limited (BP) for one liquefied natural gas (LNG) carrier newbuilding


Japan's First High Pressure Fuel Gas System Ordered

Photo courtesy of Bestobell Marine

Bestobell Marine, part of the President Engineering Group (PEGL), has received an new order to supply its globe and check valves for Japan’s first high pressure fuel gas system that will be installed within a marine vessel.   The order will see Bestobell Marine supply a number of its






 
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