Marine link
 

First Four

China Overtakes Korean Shipbuilding

South Korean shipbuilders were overtaken by their Chinese rivals in new orders acquired in the first four months of the year, a London-based market researcher said on Wednesday. South Korean shipbuilders such as Hyundai Heavy Industries Co and Samsung Heavy Industries Co received a combined 6.9 million compensated gross tons (CGTs) in new orders in the January-April period, up 6.9% from a year ago, Clarkson Research Studies said. New orders acquired by Chinese shipyards totaled 8.5 million However, South Korea maintained its No 1 ranking in the global shipbuilding industry in terms of backlogs of orders and the volume of vessels built, the market researcher said. South Korean shipbuilders' combined backlogs of orders totaled 46.4 million CGTs as of the end of April, compared with their Chinese rivals' 34.2 million CGTs and Japanese shipbuilders' 29.7 million CGTs. Korean shipyards built 3.2 million CGTs in the first four months of the year, nearly triple the Chinese shipyards' figure of 1.2 million CGTs. South Korea, home to seven of the world's top 10 shipyards, clinched record-high orders last year because of strong demand for crude-oil carriers and offshore exploration equipment amid high oil prices. Source: Asia Pulse/Yonhap


Good start for Jotun in 2004

The Jotun group generated sales of NOK 2,039 million in the first four months of 2003 which is NOK 244 million more than for the same period in 2003. The group generated a profit on operating profit before tax of NOK 228 million compared to NOK 185 million last year. Sales measured in volume have increased and the strong currency fluctuations of recent years have moderated so that sales measured in NOK more closely reflected the group's growth.


Unitor to Supply Skaugen Fleet

A six-ship fleet of state-of-the-art ethylene carriers building for Norway’s I.M. Skaugen at the Hudong-Zhonghua Shipyard in Shanghai, China are being fitted with a comprehensive range of fire-fighting and fire-protection systems from Unitor. All six ships, known as the Super Coolers, have been specially designed for operation within the Norgas fleet of gas tankers. The first four vessels, Norgas Orinda, Norgas Sonoma, Norgas Petaluma and Norgas Alameda have a capacity of 8,556m³


Northrop Grumman Newport News to Lay Keel

Northrop Grumman Corporation's Newport News sector is teamed with Electric Boat to build the first four ships of the Virginia-class. Texas is the second ship of the class and the first one that will undergo final assembly and delivery at Newport News in 2005. The keel that will be laid for Texas is part of the stern section of the ship. The keynote speaker for the ceremony will be U.S. Sen. John Warner of Virginia. Other ceremony participants will include Northrop Grumman


Tanker Rates Plateau After 90% Surge

Middle East tanker charter rates, up more than 90 percent since the start of the year, appear to have reached a plateau, shippers said. Worldscale rates for chartering a very large crude carrier (VLCC) to transport two million barrels of crude oil from the Middle East to the U.S. Gulf now stand at W82.5-W85, compared with W42.5 at the beginning of January. To Japan rates have risen to W95-W100 from about W52.5. That means the cost of shipping oil to the U.S


Navy Contracts for Sub Conversion

The Navy awarded General Dynamics Electric Boat (GDEB) a cost reimbursement modification, valued at $162,359,000 for the conversion of the USS Georgia from an Ohio Class ballistic missile submarine (SSBN 729) to Ohio Class guided missile submarine (SSGN 729). "This contract modification represents the final contractual step in transforming the first four Ohio Class SSBNs into the most capable strike and Special Forces platform in the Navy," said Capt


Chouest Continues Newbuild Program

Edison Chouest Offshore (ECO) announced plans to continue its newbuilding program. Having already designed, built, owned and operated almost 70 new generation offshore vessels servicing the deepwater oil and gas industry over the past decade, the company plans for 11 new vessels, with options for an additional 14. Construction highlights feature three additional 280-ft. deepwater supply vessels, with an option for another 10; four 160-ft


Laura Bush Authenticates Keel

Northrop Grumman Corporation's Newport News sector hosted a keel laying ceremony for the second Virginia-class submarine, Texas (SSN 775). Laura Bush is the Ship's Sponsor and served as the keel authenticator for the ceremony. Mrs. Bush authenticated the keel by chalking her initials onto a metal plate. Her initials were then welded and the plate will be permanently affixed to the submarine. "A mighty American submarine deserves a mighty American name," she said


French, Spanish Funds for Motorways of the Sea

Funding Commission authorises state aid to a Franco-Spanish Motorways of the Sea project and includes it among the twenty-two selected projects for Marco Polo financing The European Commission gave its green light for the public financing from France and Spain to the Fres Mos project. It will link the French port of Nantes-Saint Nazaire with the Spanish port of Gijon, and will be operated by GLD Atlantique. This Motorways of the Sea project will also receive an EU grant in the framework of


Queen Mary 2 Celebrates Keel

Cunard Line celebrated a milestone when a prefabricated section of the keel was lowered into the building dock of Queen Mary 2. The new $800-million Cunard flagship will enter service in January 2004 and will be the largest, longest, tallest and most expensive passenger ship ever built. The keel is the lower part of the outer hull and is the base of the ship upon which everything else is built. Cunard chose July 4, 2002, as the


Cargo Growth at Indian Ports Remain Sluggish

Vizag seaport, Andhra Pradesh

  In FY14, total cargo handled at Indian ports increased by 4.3% to 976 million tonnes from 935 million tonnes during FY13. The growth was pegged down by sluggish cargo performance at the major ports which registered a meagre 1.8% growth in cargo volumes to 556 million tonnes in FY14.


Collision Halts Statoil Oseberg Platform Production

Photo: Statoil Oseberg operations

Statoil shut its oil platform at the Oseberg East field offshore Norway after a collision with a supply vessel but production was expected to restart later the same day, a spokesman said. The collision took place at 0140 CET (1140 GMT on Wednesday)


Port Manatee Reports Dynamic Trade Boost

airproductsmanatee.jpg

Port Manatee reported a dynamic increase in trade activity, and said exports are poised to get a further boost when Air Products begins exporting liquefied natural gas heat exchangers from the port next year.            


Kappel Propellers for Newbuild Bulk Carriers

Image courtesy of MAN Alpha Kappel

Lemissoler Navigation Co. Ltd., the Cyprus-based owner and operator, has selected the MAN Alpha Kappel propeller design for a new series of 8 × 58,500 DWT bulk carriers planned for delivery during 2015 and 2016. The 6.8-meter, slow-running


Rolls-Royce To Supply 4 Designs And Vessel Systems To COSCO

Courtesy Rolls Royce

COSCO Shipyard Group has announced that it has been awarded options by the Singapore-based Chellsea Group for the construction of four platform supply vessels designed by Rolls-Royce. With this contract, COSCO has ordered integrated design and equipment packages for a total of eight Rolls-Royce UT


More than 60 Migrants Drown in Boat Sinking off Yemen

At least 60 African migrants and two Yemeni crew perished in the treacherous waters off Yemen's coast last weekend, in a boat sinking that has just come to light and is believed to be the deadliest there this year, the United Nations said on Friday.


Chellsea Expands PSV Order from COSCO, Rolls-Royce

COSCO Shipyard Group announced that it has been awarded options by the Singapore-based Chellsea Group for the construction of four platform supply vessels designed by Rolls-Royce. With this contract, COSCO has ordered integrated design and equipment packages for a total of eight Rolls-Royce UT 771


Yantai Port Cargo Volume Up 10.4pc

 Port of Yantai in northern Shandong province, China

  The Port of Yantai in northern Shandong province, posted a 10.48 per cent year-on-year increase in overall cargo volume to 105 million tonnes in the first four months of the year, reports Xinhua. The port's full-year cargo throughput is expected to hit 300 million tonnes this year


Busy April Sees Long Beach Cargo Surge

Photo courtesy the Port of Long Beach

Imports, exports both on the rise The Port of Long Beach’s April cargo numbers for containers were up by 9.7 percent overall, compared to the same month one year ago, the port said. Weather and shopping patterns returned to normal in April


Port of LA Container Volumes Up 10 Percent

Image courtesy of Port of LA

The Port of Los Angeles has released its April 2014 containerized cargo volumes. In April 2014, overall volumes increased 10.26 percent compared to April 2013. Total cargo for April was 706,036  Twenty-Foot Equivalent Units (TEUs), the Port’s busiest month since September 2013.


Bulk Market Suffers Despite Record China Steel Output

File photo

BIMCO reported that China's average daily crude steel output reached a record 2.29 million metric tons in April as steel mills lifted production to meet seasonal demand, though signs of weakness in factory output and the property sector could feed through later in the year.


RWO Reports Boosted Sales in 2014

Image courtesy RWO

RWO GmbH, manufacturer of water treatment plants in the maritime sector, said the Bremen-based company increased orders received in its core business by 32% in the first four months of 2014 compared to the same period last year. The business sector encompasses oil separators


Galileo Navigation Satellite Project Update

Galileo unboxed: Photo ESA

Europe’s latest Galileo navigation satellite has arrived at the European Space Agency’s (ESA) technical centre in the Netherlands for testing, as the previous two satellites are prepared for shipping to French Guiana for launch this summer.


Maersk Line increases business while reducing CO2 footprint

 Maersk Line today published its Sustainability Progress Update for 2013, showing a 3.8 million tonnes CO2 reduction in a year where the business grew 4.1%. “2013 was a good year for Maersk Line – financially as well as in terms of our sustainability performance” says


GPA Recognized for Environmental Efforts

Christopher Grundler, left, director, office of transportation and air quality for the U.S. Environmental Protection Agency and Stan Meiburg, right, acting regional administrator for the EPA’s Southeast Region, present Georgia Ports Authority Executive Director Curtis Foltz, center, an award for environmental stewardship at the GPA Garden City Terminal. (GPA Photo/Stephen Morton)

The Georgia Ports Authority won recognition by the Environmental Protection Agency as a leader in reducing carbon emissions. The Southeast Diesel Collaborative (SEDC), a public-private partnership formed by the U.S. EPA Region 4 office, named the GPA as a Community Leadership Award winner.






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright