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Ship Exports

Kawasaki Heavy Industry, Chinese Co. To Set Up Shipyard

As Beijing looks to boost ship exports, Japan's Kawasaki Heavy Industry Ltd is likely to join state-run China Ocean Shipping Group to set up a $96.8 million shipyard in east China. The shipyard, a 50-50 joint venture, will design and build vessels of at least 160,000 dwt. There are also reports that South Korea's Samsung Heavy Industries Ltd is expected to set up a wholly-owned shipyard in China.


KHI, China Ocean Shipping To Set Up Shipyard

As Beijing looks to boost ship exports, Japan’s Kawasaki Heavy Industry Ltd. and state-run China Ocean Shipping Group have announced intentions to set up a $96.8 million shipyard in east China. The shipyard, to be located in Nantong in Jiangsu province, would be a 50/50 joint venture and would design and build vessels of at least 160,000 dwt. There was also report last week that South Korea’s Samsung Heavy Industries Ltd


Vinashin and Songsan to Produce Steel

Vinashin has joined forces with Korea’s Songsan Company to form a joint venture to produce steel structures for shipbuilding. The Songsan-Vinashin JV will invest $35m to build a factory in the northern Hai Duong Province. The steel mill is set to come on stream in the second quarter of 2008. The mill is designed to produce steel structures for shipbuilding yards including Vinashin, replacing imported products in the national industry.


Korea's Shipbuilding Industry Update

According to English.chosun.com, Korea's southern island Geoje has a 400-hectare plot where 26,000 shipbuilders are hard at work. The shipyard owned by Daewoo Shipbuilding and Marine Engineering places among the top five along with Hyundai Heavy Industries and Samsung Heavy Industries. Korea's shipbuilding industry, keeps on growing. This year's ship exports are expected to exceed US$30 billion, up 13 percent from last year.


Southeast Asian Shipbuilders Turn Bullish

Picture by Korea Offshore & Shipbuilding Association (KOSHIPA)

  Despite the issues surrounding over-tonnaging in the ship-building industry as a result of the 2008 financial crisis, more than 587 vessels are expected to be built in Southeast Asia in 2015.    According to a report by Robert Willmington of IHS Maritime, Southeast Asian shipbuilding is anticipated to rise to more than 4.8 million gross tonnage (GT) in 2015.   The countries that currently dominate the conventional market segments in the Asian shipbuilding and repair


China Ship Building Looks Up

Pic: China Association of the National Shipbuilding Industry

 88 medium-size and large shipbuilding enterprises in China realized an aggregate gross industrial output value of RMB 163.0 billion ($26.3 billion) during the January-May period this year, up 5.5 percent year on year, says China Association of the National Shipbuilding Industry (CANSI).   The aggregate shipbuilding output in China amounted to 15.48 million deadweight tons (dwt), up 18.9 percent year on year.  


Pemex Resumes Light Crude Sales to U.S. West Coast

Mexico's Pemex has quietly begun shipping light Isthmus crude to a variety of West Coast refiners this year, according to U.S. and Reuters data, resuming such sales after a six-year hiatus. The state-run oil company, which exported only about 100,000 barrels per day (bpd) of Isthmus last year, shipped about 340,000 barrels of the crude to Valero Energy Corp at Benicia, California, in January and February, according to U.S. government data.


Pioneer Natural Resources to Double Condensate Exports

3rd U.S. condensate export cargo heading to Singapore; Pioneer expects exports to rise to 50,000 bpd next year. Eyes exports of bigger cargoes to reduce freight costs. Pioneer Natural Resources plans to double its U.S. exports of condensate, an ultra-light oil, to 50,000 barrels per day (bpd) next year, its chief executive said on Monday. The U.S. shale resources explorer, along with Enterprise Product Partners LP, received the green light from the U.S


Container Rates Fall on Declining Chinese Exports

bimco containership.jpg

Since February, freight rates on the three key container shipping lanes has left the erratic up and down movements behind only to slide week after week. On Friday April 10, 2015 the freight rate including ocean freight and surcharges, i.e. was quoted at USD 466 per TEU for the Shanghai to Europe trading lane. This is the lowest on record since the 2009. The new all-time low point comes on the back of deteriorating exports from China for three months running in 2015


Oil Firms Rush to Exploit End of US Crude Export Ban

U.S. energy group Enterprise and oil trader Vitol raced to exploit the end of a 40-year ban on most U.S. crude exports, the first of many firms eager to "stress test" last week's historic opening.   Despite a sudden change in global oil market conditions that many oil traders say has eliminated the economic advantage of shipping domestic crude far abroad, some companies that have long lobbied for the change in policy may be eager to show that their effort was not in vain


Container Weight Regulations

Image:  World Shipping Council

 Starting July 1, 2016, the International Maritime Organization’s (IMO) Maritime Safety Committee approved amendments to The International Convention for the Safety of Life at Seas’ (SOLAS), will require that shippers verify gross container weight prior to shipping.  


DSME, Sovcomflot Delay Delivery of First Arctic LNG carrier

Yamal LNG project. Photo: PAO Sovcomflot

 South Korea's Daewoo Shipbuilding & Marine Engineering (DSME) and Sovcomflot have agreed to delay a liquefied natural gas carrier being built for the Yamal LNG project in Russia.   According DSME statement the vessel, which was originally scheduled for June this year re-set the


New Connections for France, Port of Rotterdam

Photo: Rotterdam Port Promotion Council

With the launch of a new rail shuttle and inland shipping link, connections between Northern France and the port of Rotterdam are now better than ever. Five times a week, a train leaves Rotterdam for Dourges, and the inland shipping schedule also includes a number of departures per week.  


Statoil Says Sees European Gas Prices Bottoming Out

Norway's Statoil does not expect European gas prices to fall much further as rising demand from the power generation sector would offset an expected increase in liquefied natural gas (LNG) supply, company officials said on Wednesday.  


Australia's Gorgon LNG Export Facility to Resume Ops

Chevron has begun to restart its Gorgon liquefied natural gas (LNG) export facility in Australia following its unplanned shutdown in April, the U.S. energy major said on Wednesday. "We confirm start-up activities are underway on Gorgon train one with a plan to safely resume production in


Cuba's Trade Deficit Widens as Commodity Crash Bites

Cuba's chronic goods trade deficit widened by $1.5 billion in 2015 as exports fell 24 percent and imports rose 3 percent, the government said on Wednesday, in the first data showing a commodity crash has hurt the economy.   The information


Delayed Tanker Begins Libyan Crude Lifting

A tanker that had been blocked for three weeks in a stand-off over oil exports at the eastern Libyan port of Marsa al-Hariga entered the port and began loading on Thursday, officials said. The Seachance, which had been waiting to load oil for Glencore on behalf of the Tripoli-based National Oil


Westwood Shipping Withdraws from Port of Portland

Westwood Shipping’s final call to Oregon’s Port of Portland will be May 21, signaling the exit of the last remaining container shipper making regular calls to the port’s Terminal 6. The shipping company stated in a letter to customers that economics of a single call per month do


Turnbull Tours Austal’s Western Australia Yard

Prime Minister Malcolm Turnbull was joined by Senator Linda Reynolds and Senator Chris Back for the tour of Austal’s Henderson shipyard, hosted by Austal CEO David Singleton and Chairman John Rothwell. (Image: Rod Taylor/Austal)

 Austal Limited welcomed Australian Prime Minister Malcolm Turnbull to the company’s Henderson, Western Australia shipyard, demonstrating the facility’s naval shipbuilding capabilities, innovation and export success.  


Libya Plans to Load Four Crude Cargoes from Hariga in May

Libya plans to load three additional crude cargoes this month from the recently reopened Marsa El Hariga terminal, after a tanker for trader Glencore departed on Friday.   The country's National Oil Corp (NOC) in Tripoli chartered the Kriti Breeze to load 400


Nigeria: What are the Implications for Tanker Demand?

Source: Poten and Partners

 Nigeria’s crude oil production and exports have been hit by severe outages as a result of attacks on oil infrastructure by rebel fighters in the Niger River Delta.    Various sources report that Qua Iboe Terminal has shut down operations until further notice


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


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


IRISL’s New Service Makes First Call in Hamburg

Left to right: Malte Meisch, Sales Manager C. Steinweg (Süd-West Terminal); Dr. Nasr Bateni, CEO IRISL Europe; Capt. Jörn Scheffler, Operation & Cargo Planning IRISL Europe; Rainer Fabian, CEO C. Steinweg (Süd-West Terminal); Martin Riepenhusen, Sales Manager C. Steinweg (Süd-West Terminal); Klaus-Dieter Busch, Liners Manager Peter W. Lampke; Christian von Georg, CEO Peter W. Lampke; Mehdi Bateni, Son of Dr. Bateni (Photo: C. Steinweg / Hasenpusch)

Iranian state shipping company IRISL’s new general cargo service makes first call at C. Steinweg’s Süd-West Terminal in Hamburg   During the first call by its new general cargo service, representatives of state shipping company IRISL – Islamic Republic of Iran


BEST Sets Container Handling Record

Image: Barcelona Europe South Terminal (BEST)

 Hutchison Port Holdings Limited (HPH) subsidiary Barcelona Europe South Terminal (BEST) achieved a new record when it moved 7,760 TEU on the call of MSC Beatrice.    A total of eight ship-to-shore gantry cranes were deployed simultaneously for the operation






 
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