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.
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
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.
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.
Iran has signed a memorandum of understanding (MOU) to export natural gas to Italy, to be implemented by 2011, says an IranMania report. Iran will also export gas to China by the end of the current year. China’s oil giant Sinopec Group signed a $70 billion oil field development and LNG agreement with Iran earlier this fall, according to the report. Iran will attain an annual LNG export of 36 million tons, worth $6 billion, by 2015. Source: IranMania
Russia's Lukoil expects its crude exports next year to stay at the expected 1999 level of 24 to 25 million tons. "If the rules do not change, we hope (to export) around 24 or 25 million tons, like this year," Vagit Alekperov told a news conference. Russia doubled its crude oil export tariff to 15 euros per ton from December 8 in line with rising world prices.
Mexico's crude oil export ports Dos Bocas and Pajaritos in the Gulf of Mexico remained closed on Wednesday by bad weather, the Transport Ministry said. Winds of up to 85 kmph were whipping up 14-ft. waves at Coatzacoalcos the Veracruz state port where Pajaritos is located, the ministry said. A daily average of 389,000 barrels of extra-light Olmeca crude was exported from Pajaritos in 1997.
The output from an expanded Australian North West Shelf is a major driver in the forecast 48 percent increase in LNG exports to $4.7 billion this year, according to a WA Business News report. The increase in LNG exports is drawing on higher output from the NWS's fourth LNG train, as well as the start up of the new Darwin LNG plant in 2006. Source: WA Business News
Russia has the seventh largest oil reserves in the world (6% of total), after 5 Middle East Countries (totalling 63%) and Venezuela (7%). The other Former Soviet Union (FSU) republics Azerbaijan, Kazakhstan, Turkmenistan, and Uzbekistan have together less than 2% of the total world reserves, estimated by BP to be some 1048 thousand million barrels. The Russian reserves are spread over a huge area: West Siberia, Volga-Urals, North Caucasus, the Caspian area, the Far East regions
The Department of Energy is likely to approve additional permits this year to companies looking to export liquefied natural gas more broadly, reports Market Watch, citing Morgan Stanley. Freeport LNG has recently received DOE approval to export LNG to countries without a free trade agreement with the U.S.. Only one other project — Cheniere Energy Inc.’s Sabine Pass — has been granted that coveted permit, informs the Wall Street Journal Market Watch report.
Drydocks World said that Floating Storage Re-gasification Unit (FSRU) Toscana sailed away from Drydocks World – Dubai. The unit, formerly the 138,830-cbm LNG carrier Golar Frost, has been under conversion since June 2009 at Drydocks world Dubai yard for contractor Saipem and
Chongqing Container Terminal in Southwest China reports container volume up 29.7% to 166,000 teu in Q1 2013. Import and export container volume climbed 29.7 per cent to 166,000 TEU. Laden boxes amounted to 124,000 TEU, an increase of 33.3 per cent. Intermodal
Container cargo rose by more than 17 percent in May 2013 at the Port of Long Beach, with some of the highest volumes in nearly 3 years. A total of 583,588 TEUs (or twenty-foot equivalent container units) were moved in May, up 17.2 percent from the same month last year. Imports increased 22
Trans Arctic Shipping Routes (TASR) It is time for the global maritime industry to push development of Trans Arctic Shipping Routes (TASR) and port facilities along Alaska’s northern coast. Not only for shipping goods from the Pacific to Atlantic and vice versa
As Exports Climb to All-Time High After a decline during the recession years, U.S. exporters today are pleased with the record-breaking value of overseas shipments. At the same time, they are learning to cope with shipping cargo that can be far different than the types of goods sold in the past
The Port of Los Angeles has released its May 2013 cargo volumes. May overall volumes decreased 12.9 percent compared to May 2012. The decrease was due in part to a vessel service that shifted out of the Port of Los Angeles. Imports dropped 12 percent, from 370
ISS Tositti, part of Inchcape Shipping Services, has opened two additional offices in Sicily. With one office in Augusta, Sicily, these new offices in Gela and Palermo will provide a service base for the growing liquid and bulk market on the island
The shipping market is continuously in depression, and the development of China's shipbuilding industry faces huge challenges, says a new report – 'China's Shipbuilding Industry 2013-17' published by Research & Markets. In a newly-issued market research report
UK-based Red7Marine Offshore Ltd announces the award of a number of new contracts for 2013. Cable protection work has recently been awarded on the Paimpol-Brehat Tidal Energy Converter project, Brittany, France. The scope of work includes the installation of more than 100 concrete
Teekay LNG Partners signs two, 5-year time-charter contracts with Cheniere Marketing to provide Liquefied Natural Gas (LNG) transportation services. The fixed-rate time-charter contracts will be serviced by the two 173,400 cubic meter LNG carrier newbuildings ordered by Teekay LNG in December
Shipments of coal on the Great Lakes totaled 2.6 million tons in May, a decrease of 11.3% compared to a year ago. Shipments from Lake Superior ports totaled 1.6 million tons, just slightly below the level of a year ago. Included in that total were 250
ABS Consulting completed its first noise emission test in India for SRC Green Power’s wind turbine in Tirunelveli, India, just southwest of the state capital, Chennai. The noise assessment of the 250 kW wind turbine generator (WTG) was conducted by the company’s IEC 61400-11
Parmaris, a U.K. manufacturer of lifejackets, appointed Pete Evans as Sales Manager. Pete, who formerly worked for Crewsaver for more than 16 years has a wealth of experience in the safety equipment sector which he brings to the company, including a number of years focussed on cruise and ferry
Metro Ports provides stevedore and terminal handling services for Siemens Energy Inc.’s export wind turbine blade projects through the Port of Galveston. Siemens plans to export 246 53-meter blades between May and July 2013. These wind turbine blades
Has the Panama Canal expansion already outgrown itself? How does the success or failure of the administration's export initiative impact your bottom line? Breakbulk is flourishing; what does that mean to your business? These questions and other hot topics will be the focal point of the