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 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.
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
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
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
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
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
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 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
On September 25, a new 100,000 deadweight tonnage coal carrier ordered by NYK Bulkship (Asia) Pte. Ltd., an NYK Group subsidiary company based in Singapore, was delivered at Oshima Shipbuilding Co. Ltd. (Saikai city, Nagasaki prefecture). A delivery and naming ceremony was held at the shipyard on the same day and attended by NYK senior managing corporate officer Masahiro Samitsu and representatives from Chubu Electric Power Co. Inc.
China’s biggest private shipbuilder Yangzijiang Shipbuilding Holdings Ltd has won orders for six dry bulk carriers worth a combined US$510 million. The 400,000 DWT very large ore carriers (VLOCs) are the largest dry bulk carriers ever awarded to the group
Kalmar, part of Cargotec, has secured an order for nine diesel-electric straddle carriers from the leading European port and transport logistics group Hamburger Hafen und Logistik AG (HHLA). The order was booked in Cargotec's 2016 first quarter order intake
Mitsui Engineering and Shipbuilding co., Ltd. (MES; President: Takao Tanaka) achieved production volume of 181 MAN B&W low-speed diesel engines manufactured at the Tamano Works Machinery Factory (Tamano, Okayama Prefecture) in fiscal 2015, representing for 3
MacGregor has received orders from two Japanese yards to deliver comprehensive RoRo access equipment packages for four car carriers. The equipment will be delivered during Q3 in 2017. The orders are booked into the first quarter 2016 order intake.
Last year PCC (Pure Car Carrier, including Pure Car & Truck Carrier) sector demand growth appeared to have stalled, and the indicators suggest that there hasn’t been a significant acceleration this year, says Clarksons Research.
The Economou family's TMS Cardiff Gas Ltd. has exercised options on its contracts with Hyundai Heavy Industries of Korea for the construction of an additional two 78,700 cbm LPG carriers. Both vessels are scheduled for delivery in Q4 2017
Drop in commodity prices has slashed global demand for bulk carriers, pushing shipyards out of business, says Chinese news agency Caixin. Huai Jinpeng, a vice minister from the Ministry of Industry and Information Technology, which oversees the sector said that the industry is
Copenhagen-headquartered gas tanker carrier Evergas has just ordered four ethylene/ethane newbuildings, with an option for two more. The contract for the four newbuildings, each sized 32,000 cu m, has also been signed by Hong Kong engineering company JHW Engineering &
China Merchants Energy Shipping Co Ltd (CMES) has firmed up orders to build six very large crude carriers (VLCCs) at Dalian Dalian Shipbuilding Industry Corp for $522 million, reports Reuters. The deliveries of 308,000dwt VLCCs are scheduled between August 2018 and October 2019
Kalmar has received a large order for 27 straddle carriers from its long-term customer Maher Terminals LLC in Elizabeth, NJ. The order has been booked into Cargotec's 2015 third quarter order intake and deliveries are expected to be completed during the spring 2016
JHW has ordered five 85,000 m3 Very Large Ethane Carriers (VLECs) for a JACCAR/Hartmann Reederei joint venture, called UEC (United Ethane Carriers); each vessel will be powered by a single MAN B&W 6G60ME-GI main engine. Dalian Shipbuilding Industry Offshore Co. Ltd
Since the end of October 2015, SeaIntel Maritime Analysis showed that 115 vessels deployed on Asia-USEC and Asia-North Europe services have made the back-haul trip to Asia by sailing south of Africa instead of through the Suez and Panama Canals, their routing on the head-haul
MAN Diesel & Turbo’s G50 engine has successfully passed its Type Approval Test at Mitsui in Japan. Upon entering service, the engine will power the world’s first ethane-fuelled eco-friendly LEG (Liquefied Ethane Gas) carrier – the first of three such vessels to be built in
Kleven has signed a contract with Spanish ship-owner Pesquera Ancora S.L.U on the building of a 80 m long stern trawler. The vessel is of NVC 374 WP design from Rolls-Royce, and is scheduled to be delivered in February 2018. This will be the fourth vessel of the same Rolls-Royce design in
Drewry Maritime Advisors say that the trend of “big ship obsession” may soon come to an end. The three largest carriers in the world – Maersk Line, MSC and CMA CGM – extended their dominance by taking on the most capacity