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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.


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


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


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


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


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


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


d’Amico Launches New Eco-Ship Designs

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Highly efficient vessels surpassing international standards defined by new legislation for “eco-ships” have been designed, widely anticipating the CO2 emissions limits that will be implemented from January 1, 2025. The d’Amico Group


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.


Singapore, UK Researchers Team up for Maritime R&D

L to R - H.E. Antony Phillipson, British High Commission; Prof. Don Nutbeam, Vice-Chancellor, University of Southampton; The Rt Hon David Willetts MP, Minister for Universities and Science of the United Kingdom; Prof. Raj. Thampuran, Managing Director, A*STAR; Prof. Alfred Huan, Executive Director of Institute of High Performance Computing, A*STAR; Prof. Ajit Shenoi, Director, Southampton Marine and Maritime Institute; Dr Lou Jing, Institute of High Performanc

Building on the fruitful past decade of U.K.-Singapore cooperation in scientific research and development, A*STAR’s Institute of High Performance Computing (IHPC) and the Southampton Marine and Maritime Institute (SMMI) officially launched a joint laboratory in Maritime and Offshore


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


Nixon Named Director of R.I. Sea Grant

Dennis Nixon

Earlier this month, Dennis Nixon was named director of the Rhode Island Sea Grant, one of 32 programs that make up the National Sea Grant College Program, which is administered by the National Oceanic and Atmospheric Administration. Nixon spends much of his life near the ocean


Panama Canal to Install Four Lock Gates

The Panama Canal Expansion is moving forward to achieve its goal of enhancing the waterway's capacity. To date, the Program registers a 60.4% progress. "The Panama Canal Expansion will enhance the value of the Panama route," Panama Canal Administrator Jorge L. Quijano said


ACP Touts Major Milestone - Arrival of New Gates for Canal Expansion

The first four new gates for the Panama Canal’s Third Set of Locks will be arriving to Panama from Italy on August 19th; one of the biggest milestones of the Expansion Program.   Additional Info: The Third Set of Locks has a total of 16 rolling gates (eight for each new lock complex)


Crowley to Expand Petroleum Fleet and Service Offerings

Crowleys tanker Florida, which was christened in January.

Crowley Maritime Corporation announced today that it will continue to grow its fleet of petroleum vessels and enhance service to customers by contracting with Aker Philadelphia Shipyard Inc. (APSI) to build up to eight product tankers for delivery between 2015 and the end of 2017.


Panama Canal Expansion Lock Gates Arrive

Lock gates arrive: Photo courtesy of ACP

In a major milestone for the Panama Canal Expansion Program, the first four gates for the new locks have arrived from the port of Trieste, Italy to the waterway's Atlantic side on board the semi-submersible vessel 'STX Sun Rise'. "This is an exciting moment for the Panama Canal - the arrival


U.S. DOT Grant $10M for Duluth Intermodal Project

The U.S. Department of Transportation (DOT) today announced a $10 million TIGER grant for the Duluth Intermodal project, one of 52 transportation projects in 37 states that will receive a total of approximately $474 million from DOT’s Transportation Investment Generating Economic Recovery


Where is Government Transparency?

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President Obama pledged in his first four years of office to have a more transparent government. He issued a memorandum on transparency and open government on his second day in office directing agencies to make information more available to the public in a timely manner


Warship HMS Duncan Commissioned

HMS Duncan commissioning: Photo courtesy of MOD

'HMS Duncan', the sixth and last of the Royal Navy's new-generation Type 45 destroyers, has been formally commissioned into the fleet. Hundreds of guests, including families of the 190-strong ship’s company, attended the ceremony marking the ship’s transition into front line service


Oldendorff, United Bulk Offer Demurrage Free Top-Off Service

United Bulk Terminals USA Inc. and Oldendorff Carriers GmbH & Co. KG announced a cooperative agreement to market combined loading and shipping of coal and petroleum coke in capesize vessels from the U.S. Gulf Coast to India and East Asia


Uruguayan Citrus Cleared for U.S. Delivery

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Crowley Maritime Corp.’s Miami-based subsidiary Customized Brokers recently cleared the first shipment of Uruguayan citrus to enter the U.S. in nearly 20 years, a major agricultural milestone made possible by the combined, dedicated efforts of the importer


Aker Starts Building First Product Tanker for Crowley

Aker Philadelphia Shipyard, Inc. (APSI), the wholly-owned U.S. subsidiary of Aker Philadelphia Shipyard ASA (Oslo: AKPS), began production activities today on the first product tanker that it is building for its joint venture with Crowley. Crowley and APSI have signed contracts for the first four


 
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