In spite of the global economic downturn of 2010, builders in Eastern Malaysia such as Shin Yang Shipyard maintained a steady output in 2010. As a member of the Shin Yang Group of Companies, the shipyard has extensive support and in some cases can market to its own sister companies. The anchor handling tug Danem 19 was launched from the Shin Yang Shipyard for the Shin Yang Shipping Corporation as one of several vessels added to the fleet in 2010. At 164 ft by 41 ft the 4400 HP Danum 119 is a handy sized AHT with lots of versatility. With a 54.8-tonne bollard pull and a 12-knot cruising speed the vessel features a 72 x 33-ft aft-deck with winches for anchor handling and towing as well as providing excellent cargo capacity. The main winch has an 80-tonne capacity with 150-tonne braking power. A pair of 5-tonne capstans with a pair of 10-tonne tugger winches and a set of shark jaws and towing pins round out the anchor handling capabilities. Built to a design by Conan Wu & Associates of Singapore the vessel is powered by a pair of Cummins QSK60-M diesels each rated for 1641 kW (2200 HP) at 1800 RPM. The engines turn fixed pitch props through Twin Disc MG5600 gears with 5.71:1 reductions. A pair of Cummins 265 kW QSM355 diesels provide auxiliary power. Accommodation is provided for up to 27 crew members. Tankage includes 500 cubic meters of fuel, 242 cubic meters of potable water, 19 cu m of dispersant and 16 cu m of foam
At the end of January Cargotec received an order for MacGregor cement self-loading/unloading systems to be installed on two 7,000 dwt barges being built by Shin Yang Shipyard in Miri, Malaysia. Delivery to Shin Yang Shipping is scheduled for September 2011 and the barges will trade on Malaysian routes between Kuching and Sibu, and between Kuching and Miri. The cargo owner is CMS Cement Sdn Bhd, a cement manufacturer in Sarawak
Recently, Mainport, a firm based in Cork Ireland with a range of subsidiaries in diverse marine fields and diverse locations from South Africa to the Caspian and at home in Ireland, extended business to Malaysia where the company is having two new seismic support vessels built at the Shin Yang Shipyard in Miri, Sarawak. The firm sponsored teams to a futsal tournament composed of the shipyard crews building the Mainport Cedar and Mainport Pine
A series of new MacGregor offshore winch orders, secured in October, will serve the strong demand for maintenance, hook-up and commissioning services for existing oil platforms within the shallow water region of the Malay basin, says Francis Wong, Director, Segment Sales and Marketing, Offshore. "As oil prices remain high and oil majors continue to invest in exploration and production activities in the region
After delivery to Singaporean owner, Briggs Singapore Pte. Ltd., the 1700 hp tug Forth Hunter will be be put to work in Ukraine. Powered by a pair of Cummins KTA38-M2 engines, each delivering 1350 hp at 1900 RPM (Heavy Duty Rating) to nozzled propellers, the tug underwent bollard test prior to delivery that recorded pulls up to 35-tonnes. The Scott & English Miri division supplied the engines. Designed by Conan Wu and Associates http://cwa.com.sg the 37 by 11
STX Europe AS appointed Su-Jou Kim as its new President and CEO. Su-Jou Kim will replace Sang-Ho Shin, and will start in his new position with immediate effect. Sang-Ho Shin joined STX Europe in September 2008, initially as COO, and since May 2009 as President & CEO. Shin has been appointed COO of STX Offshore & Shipbuilding and head of STX's shipbuilding operations in Korea. Shin will remain a Board member of STX Europe AS.
Seaspan Corporation has accepted delivery of a 14000 TEU containership, the Yang Ming Wish. The new containership, which was constructed at Hyundai Heavy Industries Co., Ltd., is Seaspan's first 14000 TEU SAVER design containership and second delivery in 2015. The Yang Ming Wish will commence a ten-year, fixed-rate time charter with Yang Ming Marine Transport Corp. ("Yang Ming"). Yang Ming may extend the charter for up to an additional two years
A federal grand jury in Anchorage indicted a corporate director, two corporate managers, a ship's captain and a first engineer for their roles in an ocean pollution conspiracy involving the direct discharges of oil from a fleet of large, refrigerated cargo ships that regularly travel through Alaska waters, the Justice Department announced. The indictment charges the individuals of conspiracy to lie to the U.S. Coast Guard in order to conceal the dumping of waste oil from the ships and to
At the invitation of China Steel Corp. (CSC) and Yang Ming Marine Transport Corp., Wan Hai Lines Ltd. has shown its willingness to enter into a consortium led by CSC to invest in the state-run China Shipbuilding Corp., which has decided to go private through public bidding, according to a report on Taiwan Headlines. China Shipbuilding estimated it would sell a 51 percent up to 66 percent stake to become a privately owned firm
China's top diplomat scolded Vietnamese officials during talks in Hanoi on Wednesday for "hyping up" a row over a Chinese oil rig drilling in disputed waters in the South China Sea, in tough comments that suggest relations will remain rocky. State Councilor Yang Jiechi also told his hosts that the rig's activities in waters also claimed by Vietnam were "completely legal", China's Foreign Ministry spokeswoman Hua Chunying said at a daily briefing in Beijing.
A China Ocean Shipping Company COSCO-China Shipping Container Lines (CSCL)merger makes financial sense, but would have huge implications for competition in the container shipping industry, according to Drewry Maritime Research.
Chinese shipping behemoth Cosco Holdings has confirmed it will order 11 container megaships for $1.5 billion, despite an estimated 30 percent overcapacity in container shipping having sent freight rates to levels that at times don't even cover the fuel cost of moving containers across oceans
China’s 21st Century Maritime Silk Road and Economic Belt development vision has takers in UK maritime sector, reports Xinhua News Agency. Both countries expected to improve bilateral maritime cooperation in the "Belt and Road" initiative
In July, Jotun and Dalian Ocean Shipping Company (a wholly-owned subsidiary of China Ocean Shipping Company, Cosco Group), celebrated the 10,000th application of SeaQuantum, Jotun’s premium antifouling, to their 297,336-dwt tanker, Cosrich Lake.
In July, Jotun and Dalian Ocean Shipping Company (a wholly-owned subsidiary of China Ocean Shipping Company, Cosco Group), celebrated the 10,000th application of SeaQuantum, Jotun’s premium antifouling, to its 297,336-dwt tanker, Cosrich Lake.
Cnooc Ltd., China’s biggest offshore oil and gas explorer, posted a 56 percent decline in profit for the first half of this year. Net income dropped to 14.73 billion yuan ($2.3 billion), or 0.33 yuan a share, from 33.59 billion yuan, or 0
MISC Berhad informed that its wholly-owned subsidiary MTTI Sdn. Bhd.have entered into an agreement with VIP Terminals Finance B.V. to dispose 50 percent of the issued share capital of VTTI B.V. for a cash consideration of $830 million, subject to completion of the conditions precedent
MISC Berhad and its wholly-owned subsidiary MTTI Sdn. Bhd. have today entered into an agreement with VIP Terminals Finance B.V. to dispose 50 percent of the issued share capital of VTTI B.V., for a cash consideration of $830 million, subject to completion of the conditions precedent
On July 22, COSCO (Dalian) Shipyard delivered a platform supply vessel (PSV), ¡°Hai Yang Shi You 660¡±, to China Oilfield Services Limited (COSL), the Chinese shipbuilder announced. The vessel measures 85.4 meters LOA, 20 meters in breadth, 8
China and Russia will hold joint naval and air defence drills in the Sea of Japan, China said on Thursday, the latest exercises between the two countries which could concern Japan, involved in a marine dispute with China to the south. The manoeuvres also come as the United States ramps up
China's Defence Ministry on Thursday accused the United States of "militarising" the South China Sea by staging patrols and joint military drills there, ramping up the rhetoric ahead of a key regional security meeting in Malaysia next week.
Rolls-Royce appointed Alan Davies as a Non-Executive Director. He will join the Board with effect from November 1, 2015 and will become a member of the Nominations and Governance Committee, and the Audit Committee. Alan Davies is currently Chief Executive of Rio Tinto's Diamonds
Struggling with technology and a plunge in oil prices that has discouraged exploration, Korean vessel makers are racking up debt and could show billions of dollars in losses, reports Bloomberg. The Big Three shipbuilders in South Korea ventured into offshore oil rigs starting around
The Chinese navy played down recent military drills in the South China Sea and criticised other countries for "illegally" occupying islands in the area, the official Xinhua news service reported on Saturday. China has launched a naval drill in waters to the east of Hainan
Hanjin Group opened its creative economy innovation center in Incheon on Wednesday, hoping to develop the city into a distribution hub of Northeast Asia utilizing advanced shipping technologies. As part of the center, Hanjin created a fund worth 159 billion won ($138 million)