Orders Increase News

Norwegian davit supplier Vestdavit has notched up a new annual sales record for another consecutive year after seeing its order intake surge by 76% in 2023 on high demand from the offshore wind and oil and gas sectors, as well as increased sales in its core naval market.Vestdavit has expanded its market position in offshore wind after both gaining new customers and winning repeat orders with existing clients, including Esvagt and Rem Offshore, with orders in this sector accounting for more than $9.4 million (NOK 100 million)…

There's one thing that's certain about the price of oil, it goes up and it goes down, but nobody knows when that will happen, Jim McCaul, an expert in the offshore floating production sector for 30 years, recently said in an interview for Offshore Engineer TV, discussing the past, the present and the future of the floating production market.Apart from the oil price volatility being a certain thing, there's another thing that's sort of certain. When oil prices go down, orders for floaters dry up…

Ardmore Shipping Corporation announced results for the three and six months ended June 30, 2013. The company raised $140 million of gross proceeds in its initial public offering (IPO) of common stock, par value $0.01, which closed on August 6, 2013. In connection with its IPO, the company listed its common stock on the  New York Stock Exchange and trading commenced on August 1, 2013. Signed contracts for the construction of ten newbuildings at yards in South Korea and Japan which are expected to be delivered in 2014 and 2015 for a total of $319.8 million, increasing the Ardmore fleet to 20 ships consisting of eight vessels in operation and 12 vessels on order.

Easing of the Eurozone sovereign debt problems, increased issue of drilling permits in the Gulf of Mexico and growing demand for drillships in Latin America and West Africa have combined to give Samsung Heavy Industries the best order growth visibility among the “Big Three” – Hyundai Heavy Industries and Daewoo Shipbuilding and Marine Engineering. Already, Samsung Heavy Industries has achieved 38 percent of its annual order guidance or $3.8 billion, winning the orders from Inpex’s central processing facilities and two drillships.

Containership orders are increasing at a dramatic rate, analysis from Braemar’s Seascope’s research division has revealed. Figures show that since the beginning of this year 52 containerships of 10,000TEU or larger have been ordered – compared to just 10 vessels from this sizeband for the whole of 2010 and zero of this size in 2009. This year’s containership orders add 765,000TEU to the post-panamax boxship orderbook. As of August 30th 2011, the total number of vessels of this size on order reached 158 ships, totalling 2.13mTEU which represents 48% of the fully cellular orderbook. Table 1: 10,000TEU or larger containerships ordered since Jan 1, 2011. Table 2 – Order year for ships of 10,000TEU or larger.

Fuglesangs Ltd AS in Norway has seen an increase in demand for their dosage systems used on seagoing vessels. These systems are used by world-leading system builders (OEMs) and shipowners for several purposes, including ballast water treatment, fresh water treatment, exhaust gas cleaning, low sulphur fuel oil boosting and other. Various systems have been supplied to more than 20 ships and the orderbook is steadily increasing. The systems are designed for simple maintenance and ease of use…

Mitsubishi Heavy Industries Ltd, said it has received orders for 23 vessels totaling 1.48m gross tons in 2006, up from 21 vessels weighing 1.08m gross tons a year earlier. On a deadweight tonnage basis, orders reached 1.20m tons this year, rising from 1.12m tons in 2005. There were five new ships ordered in Japan during the year, totaling 56,792 gross tons or 24,696 deadweight tons, compared to five vessels last year which reached 90,510 gross tons or 42,688 deadweight tons. Offshore orders for new vessels increased to 18, weighing 1.43 mln gross tons or 1.18 mln deadweight tons, from 16 in 2005 with a combined weight of 991,340 gross tons or 1.08 mln deadweight tons. Source: Forbes

Japanese shipyards received in October foreign orders for 44 vessels totaling 1,583,880 gt, the Japan Ship Exporters' Association reported. The tonnage jumped 728.4 percent compared to orders received a year earlier, a spokesperson said. Thirty-five orders were for bulk carriers, seven for freighters and two for oil tankers. The statistics cover orders received by association members for steel vessels of 500 gt or more. In September, foreign ship orders rose 175 percent year on year.

New ship orders reported have increased dramatically, according to figures published by Lloyd's Register (LR) in its quarterly World Shipbuilding Statistics. In the quarter to June 1999, new ship orders rose by 43 percent over the previous quarter, to 6.5 million-gt. However, the total world orderbook remains at 53.8 million-gt, as completions slowed during the quarter, down some 30 percent (2.4 million-gt) to 5.5 million-gt, although the 8 million-gt reported for the March 1999 quarter was exceptionally high. Completions are now at a similar level to the reported average figure for the years 1995 to 1998 at between 5.1 to 6 million-gt.

Japanese shipyards received in October foreign orders for 44 vessels totaling 1,583,880 gt, the Japan Ship Exporters' Association reported. The tonnage jumped 728.4 percent compared to orders received a year earlier. Thirty-five orders were for bulk carriers, seven for freighters and two for oil tankers. The statistics cover orders received by association members for steel vessels of 500 gt or more. In September, foreign ship orders rose 175 percent year on year.

New orders received by South Korean shipbuilders in January totaled 1.06 million gt, up 165 percent from the same month a year earlier, provisional figures from the Korea Shipbuilders' Association showed. South Korean shipbuilders received orders for 16 ships in January. Orders received in January last year totaled 400,556 gt for four ships. Ships completed in January were down from the same month a year earlier. Approximately 17 ships totaling 956,081 GT were finished, compared to 23 vessels at 1.22 million gt. South Korea's backlogged orders at the end of January amounted to 24.3 million gt for 389 ships, against 20.4 million gt for 314 ships a year earlier.

New orders received by South Korean shipbuilders in January totaled 1.06 million gt, up 164.7 percent from the same month a year earlier, provisional figures from the Korea Shipbuilders' Association showed. South Korean shipbuilders received orders for 16 ships in January, the association said. Orders received in January last year totaled 400,556 gt for four ships, it said. Ships completed in January were down from the same month a year earlier. Seventeen ships totaling 956,081 gt were finished, compared to 23 vessels at 1.22 million gt, it said. South Korea's backlogged orders at the end of January amounted to 24.30 million gt for 389 ships, against 20.35 million gt for 314 ships a year earlier.