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Global Shipbuilding to Turn Around in 2017: Castrol

Statistics:  Castrol Marine Trade Barometer

 Despite a marginal deterioration in the growth outlook for the global shipbuilding industry, annualized five-year growth rates for the sector are still forecast to reach a healthy 3 to 5%, before picking up substantially after 2017, says Castrol Marine Trade Barometer.   The Barometer predicts that growth will be driven largely by the Asia-Pacific region, but also Latin America and the Middle East. All European nations but the Netherlands face a downward trend until 2017.   Mandhir Singh, COO at Castrol, says, “The main growth in shipbuilding will come from AsiaPacific countries to 2019. These nations are well positioned to supply ultra-large vessels, which shipping companies are increasingly demanding for their fuel efficiency and economies of scale.   “Traditional shipbuilding nations, like Germany and the UK, will need to up their game if they’re to compete with the colossal shipyards and deep ports of the Asia-Pacific region,” Mandhir added.   The Marine Trade Barometer tracks the value of manufactured ship parts as a measure of the performance of the global shipbuilding industry. It also includes the Castrol Global Port Report, which scrutinises the performance of the 50 largest ports in the world by value.    The Marine Trade Barometer reflects the continued importance of the Asia-Pacific region to the global shipbuilding industry. Four of the top five leading traders in ship parts are from the area


U.S. Labor Seeks Ban on Some Foreign Ship Parts

The Metal Trades Department of the AFL-CIO has sued the U.S. Coast Guard over allowing domestic shipyards to use preassembled foreign ship parts and engines, Ron Ault, president of the MTD, said on Tuesday. Preassembled ship parts require little or no assembly at U.S. shipyards, and cut the need for U.S. labor at these yards, he told Reuters in an interview. MTD, a trade department of the American federation of labor unions, coordinates negotiating


USG to Sell 2 GTL Ships for $42m

North American building products company United States Gypsum Corporation (USG) announced that it has entered into agreements to sell two gypsum carrying ships.   The two ships, part of USG’s non-core shipping business, Gypsum Transportation Limited (GTL), will be sold for $42 million. The sales are expected to close in April 2015.   The announcement was made as part of USG’s 2015 Q1 report.


ClassNK's Structural Rules for Bulkers & Tankers

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  The Nippon Kaiji Kyokai (ClassNK) has announced the establishment of its “Common Structural Rules for Bulk Carriers and Oil Tanker” (Rules for the Survey and Construction of Steel Ships Part CSR-B&T) on 27 February 2015. These new technical rules were developed in response to adoption of the “Common Structural Rules for Bulk Carriers and Tankers” by IACS. The requirements in Part CSR-B&T apply to both bulk carriers 90 meters or longer and oil tankers 150


Wartsila Chosen to Supply "Bangkok-Max" Container Ships

Wärtsilä will supply the main engines for the first series of eight "Bangkok-max" container ships being built at the Guangzhou Wenchong Shipyard in China. The ships, ordered in June, will serve as feeder vessels in Asian waters. The scope of supply includes eight Wärtsilä RT-flex60C main engines, which will be built by a Wärtsilä licensee, Hudong Heavy Machinery (HHM), based in Shanghai


Big Ship Newbuildings: Global Order Update

Shipyard: File photo

Container ship newbuildings figure most active in the latest weekly news from Clarkson Hellas, with the majority of orders placed with China and Korea shipbuilders. Dry bulk carriers Clients of Diana Shipping reports Clarkson Hellas in its Weekly Bulletin have announced a further order for one 82,000 DWT Kamsarmax at Sinopacific’s Dayang facility. Based on the Sinopacific MHI 82 design, the vessel is planned for delivery in the second quarter of 2016.


New Standard for Vessel Underwater Noise

ISO 17208-1:2016, a new international standard for the measurement of underwater noise from ships, has been published by ISO. The full title of this standard is “Underwater acoustics – Quantities and procedures for description and measurement of underwater sound from ships – Part 1: Requirements for precision measurements in deep water used for comparison purposes”. The standard specifies the general measurement system, procedures


Crowley and Subsidiary TITAN Rub Shoulders in Houston

Costa salvage: Image courtesy of TITAN

Crowley Maritime Corp.’s solutions group, project logistics and global freight management team, and subsidiary TITAN Salvage have relocated to a shared, custom-designed office and warehouse facility in Houston. The new consolidated location at 15894 Diplomatic Plaza Drive is expected to foster company-wide synergies, expand TITAN and Crowley’s customer base and create new business opportunities among the three groups


Lloyd's Register Alert: New SOLAS Regulation II-1/8-1

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SOLAS Regulation II-1/8-1 has been amended and will require operational information to be provided to the master after a flooding casualty to assist with decisions regarding safe return to port.   The new requirement applies to passenger vessels over 120m in length or with three or more main vertical zones, constructed on or after 1 January, 2014. The operational information can be provided by onboard stability computers or through shore-based support arrangements, as follows.  


Port State Enforcement of ILO MLC: Free ICS Advisory Download

ILO IMC Guidance Brochure: Image courtesy of ICS

The International Chamber of Shipping (ICS) has issued advice to shipowners to help them pre-empt port state control problems when the Convention enters in force on 20 August 2013. The advice – contained in a brochure which can be downloaded free of charge via the ICS website – explains the measures that port state control officers are entitled to take, which initially will vary from country to country depending upon the date when the port state ratified the Convention.  


C-Job Designs Flettner Freighter for Switijnk

Flettner Freighter (Photo: C-Job Naval Architects)

The Dutch shipping company family Switijnk has contracted C-Job Naval Architects to develop a Rotor Sail-equipped design to meet their specific loading and sailing profile. The contract follows the substantial media attention for the 4,500 DWT Flettner Freighter (the FF4500) which C-Job Naval


Shenzhen Port to Adopt China ECA Regulation

Photo courtesy:  Focus Technology Co

 China's Shenzhen port is set to to adopt requirements for ships at berth requiring to burn marine fuel with sulfur content not exceeding 0.5 percent starting October this year, according to Huatai Insurance Agency & Consultant Service.  


Asia’s Biggest Container Shipper Posts Loss

Photo: China COSCO Holdings Company Limted

 Asia’s largest container shipping company China Cosco Holdings Co  posted a net loss of Yuan7.2bn ($1.1bn) for the first six months of 2016, reversing the Yuan2bn net profit seen during the same period last year as excess capacity dragged down cargo rates.  


Why Maritime Museums Matter

Photo: GulfQuest

With today’s focus on digital technology, mobile apps, enhanced reality and the overall digital landscape, the maritime industry often gets overshadowed, leaving some to ask, “Does maritime still play a significant role in today’s society?” The answer, of course


SMM 2016: World Premieres from around the Globe

Photo courtesy of SMM

Some 50,000 trade visitors from the whole of the world are expected in Hamburg for the start of SMM in less than two weeks. And once again, it is fully booked – with a total of more than 2,150 exhibitors from 67 countries, presenting their most innovative products and services


Former HMS Illustrious Sold for Scrap

HMS Illustrious (Photo: U.K. Royal Navy)

The former aircraft carrier HMS Illustrious will be recycled after 32 years of service, announced the U.K. Ministry of Defense (MOD) who sold the ship to Turkish company LEYAL Ship Recycling Ltd for around £2 million.   The MOD’s initial plan for the retired aircraft carrier was


China COSCO Falls to H1 Net Loss

File photo: China COSCO Holdings Co Ltd

China COSCO Holdings Co Ltd fell to a first-half loss hurt by a persistent slump in the global container market, the world's fourth largest container shipper said on Thursday. COSCO Shipping reported a first-half loss of 7.2 billion yuan ($1.08 billion yuan) versus a profit of 1


UASC's Dismal Performance

Photo: United Arab Shipping Company

 United Arab Shipping Company (UASC), which is close to merging with Hapag-Lloyd, revealed enormous deficits and a massive debt in its key financial figures, says Alphaliner.   The first-time revealed UASC financial figures uncover more than $4bn of debt incurred during a major fleet


US Offshore Lease Sale Yields $18 Mln in High Bids

Today’s U.S. oil and gas Lease Sale 248 garnered $18,067,020 in high bids for 24 tracts covering 138,240 acres in the Western Gulf of Mexico Planning Area, announced Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper


Royal IHC Upgrades TSHD Pump for Van Oord

Photo: Royal IHC

Royal IHC informs it has completed the upgrade of the underwater pump and jet water system on trailing suction hopper dredger (TSHD) VOLVOX TERRANOVA for Van Oord.  The renovation involved a complete engineering package, including a plan of repairs for the ship’s hull and


The Economics of Ship Breaking & Scrapping

Photo Credit iStock rajami2

Sometimes being an industry supplier offers interesting insights – your business is touched by the ups and downs of the charter market, but you are never so involved in it that you lose sight of the big picture. Some of our clients have been hit hard by the market’s general downturn;


Canada May Ask Far-offshore Drillers to Pay Extra

Canada may ask oil companies to contribute to the hundreds of millions of dollars or more the country has to pay to an international body if they drill far offshore, according to an internal government memo.   If that happens, it could make the operations more expensive and strain talks


This Day In Naval History: August 24

USS Essex (LHD 2) (U.S. Navy photo)

1814 - During the War of 1812, the British invade Md. and burn Washington, D.C. Commodore Thomas Tingey, superintendent of the Washington Navy Yard, burns the Navy Yard to prevent British access during the invasion. 1862 - During the Civil War, Capt


Fednav Welcomes Innovative Ballast System at Indiana Port

Fednav is committed to conducting business in an ethical and sustainable manner

Fednav Limited, the largest international bulk shipowner in Canada, welcomed to the Port of Indiana-Burns Harbor, the Federal Caribou, one of seven new oceangoing lakers equipped with a ballast water treatment system-a first for the Great Lakes.


South Africa Workshop Promotes Ship Energy Efficiency

Photo:  International Maritime Organization

 An International Maritime Organization (IMO) workshop is raising awareness of the Organization’s regulatory regime dealing with improving energy efficiency and the control of GHG emissions from ships.    Participants from South African governmental departments and other






 
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