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Orders Increase

Mitsubishi Heavy Orders Increase in 2006

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


Orders Increase For Marine Dosage Systems

Dosage system.JPG

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.


Containership Orders Increase

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


Aker Yards Revenue Up 52 Percent

Aker Yards ASA reported a record high EBITDA $62m for the second quarter of 2006, an increase of 59 percent compared with the second quarter of 2005. The total order backlog was $9.8b at the end of the quarter, comprising 126 vessels. Aker Yards had revenues of $996m in the second quarter of 2006, an increase of 52 percent compared with $658m in the corresponding period of 2005. High activity in all three business areas and the acquisition of two yards in France contributed to the positive


Shipbuilding Prices Firm Up

International shipbuilders enjoyed a healthy year, with the main contributors being tankers and container vessels. Following upon these ordering activities, R.S. Platou saw shipbuilding prices firming up from the bottom level the previous year. Price for the tankers increased on average by 16 percent but the corresponding figure for container vessels was only 6.5 percent. Bulk prices showed a firming almost equal to that of tankers


Strong Supply Growth Threatens Rosy Days for Tanker Owners

A surge in crude tanker vessel capacity over the next two years will lead to a fall in ship-owner earnings from current highs, according to the latest edition of the Tanker Forecaster, published by global shipping consultancy Drewry.   Rising capacity is being driven by anticipated tonnage demand growth in the dirty tanker market, which is expected to gather momentum once US shale oil production starts shrinking


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


Scanty Ordering Bodes Well for Tanker Shipping - Drewry

Tanker newbuild orders (DWT) Image Drewry

Newbuilding orders of tanker ships have seen a sharp reduction, but the slowing trend needs to be sustained for the longer-term health of the market, according to the latest edition of the Tanker Forecaster, published by global shipping consultancy Drewry. After numerous orders in recent years, newbuilding activity in the tanker market declined sharply in the first quarter of 2016 as only 34 vessels (2.6 million dwt) were ordered during the period


Aker Kvaerner Releases First Quarter Results

Aker Kvaerner experienced a positive first quarter with an EBITDA of NOK 376 million, reflecting an increase by 20 percent compared to the corresponding quarter last year. The previously stated target of an annualised EBITDA of NOK 1.5 billion in the first half of 2005, was achieved in the first quarter. Few major contracts were announced in the first quarter, but a steady stream of orders resulted in a satisfactory order intake and brought the order backlog to a record-high level of NOK 37


Wärtsilä Interim Report

Stable Development in the fist half of 2013   Second Quarter Highlights: • Order intake decreased 11% to EUR 1,071 million (1,198) • Net sales increased 5% to EUR 1,152 million (1,099) • Book-to-bill 0.93 (1.09) • Operating result EUR 111 million, or 9.6% of net sales (EUR 113 million or 10.3%) • EBITA EUR 119 million, or 10.3% of net sales (EUR 123 million or 11.2%) • Earnings per share EUR 0.39 (0.38)


2016 SDAP Rates Announced

Sailors aboard the Arleigh Burke-class guided-missile destroyer USS Benfold (DDG 65) welcome personnel from Afloat Training Group Western Pacific via a rigid-hull inflatable boat. Photo USN

The US Navy released updates to the Special Duty Assignment Pay (SDAP) for eligible enlisted Sailors in NAVADMIN 120/16, May 25. The SDAP program enhances the Navy's ability to size, shape and stabilize the force by encouraging qualified Sailors to serve in designated Special Duty Assignments


Royal Caribbean Orders 3 Ships from STX

STX France signed three ship order. Photo STX

Following the delivery of Harmony of the Seas on May 12 in Saint-Nazaire, the American group Royal Caribbean Cruises Ltd. signed an order for three additional vessels, one for its brand Royal Caribbean International (RCI ) and two brand Celebrity Cruises


DSME Reveals Additional Self-Restructuring Plan

Photo: Daewoo Shipbuilding and Marine Engineering

 South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has  revealed an additional self-restructuring plan amid the falling shipbuilding orders.   The company’s creditors, led by the state-run Korea Development Bank


KR to Deliver Engineering, Ship Surveys in Iran

Korean Register (KR) – an IACS member classification society - has signed a Memorandum of Agreement to establish a joint venture company with the Iranian Classification Society (ICS). The agreement is to deliver plant facility certification and engineering services


New Tug Equipped for US Tonnage Boom

Photo: JonRie

 Petchem, Inc. has taken delivery of its new Farrell & Norton 80’ 5,000HP ASD tug from Gulf Coast Steel Boat Builder’s in Bayou La Batre, Ala. Petchem’s new  vessel and equipment help prepare East Coast ports for the increased tonnage coming through the canal in the


Batting In Hostile Conditions? Watch Deliveries Closely…

Graph: Clarksons Research

 The delivery run-rate is a vital supply-side lever. As part of the ‘market mechanism’, when the earnings environment gets tough deliveries will typically moderate to adjust, either in the long-run as a result of reduced ordering or in the short-term as scheduled deliveries are


Fleet Growth: Private Trends And Public Developments

Graph: Clarksons Research

 According to Clarksons Research, the world fleet has experienced a sustained period of growth during the last decade, with owners based in the Asia/Pacific region responsible for the largest share of this expansion.    However, since the start of 2014


BW LPG Registers 10% Growth in VLGC Fleet

Photo: BW LPG Limited

 Less domestic petrochemical consumption of LPG would be positive for VLGC shipping as it would result in a greater surplus of LPG available for export.    However, it is still unclear whether this dedicated-feedstock ethylene (five new ethylene plants


CMA CGM Aims to Cut Costs by $1 Bln

Photo: CMA CGM

France's CMA CGM, the world's third-largest container shipping firm, reported a first-quarter net loss on Friday and targeted $1 billion in cost cuts to keep operating margins positive during the current market downturn.   Weak freight rates in the past year have left many lines operating


Asian Shipyards: Outside The Usual Suspects?

Graph: Clarksons Research

 Although many builder countries struggled to win new orders in 2015, yards in the Philippines, Vietnam and Taiwan managed to increase their combined share of global ordering to its highest level on record, says Clarksons Research.  


Kalmar, Yilport Oslo Terminal Ink Service Deal

Courtesy Yilport Oslo Terminal Investments AS

Kalmar, part of Cargotec, and the Yilport Oslo Terminal Investments AS in Norway, have signed a long term service agreement for Kalmar Optimal Care. The order was signed on 1 February 2016 and the Kalmar services team has already started working at the terminal.  


ICS Forecasts Serious Seafarers Shortage

Photo: International Chamber of Shipping (ICS)

  The latest five-year BIMCO/ICS Manpower Report forecasts a serious future shortage in the supply of seafarers.  The report identifies:   • A current shortfall of about 16,500 officers (2.1%), but  • A need for an additional 147


Boating Fatalities Low in 2015 -USCG

U.S. Coast Guard photo by Josh Perkins

The U.S. Coast Guard released its 2015 Recreational Boating Statistics report Tuesday, revealing that boating fatalities nationwide that year totaled 626, the third-lowest number of yearly boating fatalities on record.    From 2014 to 2015, injuries decreased from 2,678 to 2,613, a 2


Repeat DP World Antwerp Gateway Order for Kalmar

In 2015, Kalmar succeeded with a similar heightening project at DPW Antwerp Gateway. The Kalmar Crane Upgrades team extended three Kalmar STS cranes with 6 meters and accomplished the project within the agreed timeframe.

Kalmar, part of Cargotec, has been awarded the contract to heighten three ZPMC ship-to-shore (STS) cranes operated by DP World Antwerp Gateway NV. The order was booked in Cargotec's 2016 first quarter order intake, and the project is scheduled for completion during the second quarter of 2017.


BIMCO/ICS Foresee 150,000 Marine Officers Shortage

BIMCO CEO, Angus Frew

Launched yesterday evening at the International Maritime Organization, the latest five-year BIMCO/ICS Manpower Report forecasts a serious future shortage in the supply of seafarers.  The report identifies:   • A current shortfall of about 16,500 officers (2.1%), but






 
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