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
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
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.
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
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
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.
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 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
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.
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.
Waterways Council, Inc. (WCI) today commended the work of Congress to pass the Water Infrastructure Improvements for the Nation (WIIN) Act, of which the Water Resources Development Act (WRDA 2016) is included, by a vote of 78 to 21 during the lame duck session
At the 33rd ordinary meeting on Thursday, 1 December, the Board of Directors of the Merchant Marine Fund (CDFMM), at the Ministry of Transport, Ports and Civil Aviation in Brasilia (DF), approved to finance basis 2.15 billion reais for the construction of a new ship repair facility in Brazil
The car carrier sector has been yet another part of the shipping industry to have faced challenging conditions this year, says Clarksons Research. The focus has largely been on demand side difficulties, with growth in global seaborne car trade appearing to have gone into reverse gear
Sembcorp Marine has denied the rumours that it was mulling the sale of all or part of subsidiary PPL Shipyard, according to a report in the Business Times. "Neither our rig-building subsidiary PPL Shipyard nor any of the yards from which PPL is operating are up for sale
HSH Nordbank is pushing ahead with the upcoming change of ownership; it is putting on a good performance in the Core Bank supported above all by the real estate and corporate clients businesses and is continuing its systematic cost-cutting course.
The Ministry of Shipping, India has prepared a Vision Document for “Coastal Shipping, Tourism and Regional Development” for optimum utilization of the shipping sector and coastal resources. The document envisages increasing the share of Coastal/Inland water transportation
The U.S. Navy has accepted delivery of future guided-missile destroyer USS John Finn (DDG 113) from shipbuilder Huntington Ingalls Industries (HII) on December 7, the 75th anniversary of the attacks on Pearl Harbor. HII’s Ingalls Shipbuilding division delivered the Arleigh
The Maritime Alliance (TMA) has partnered with the International Trade Administration, part of the U.S. Department of Commerce, to organize and partially fund an initiative to increase exports from small maritime technology companies (typically $2 million revenue and 20 people or below with
A new 950-foot-long, 55,000-lifting-ton floating dry dock has arrived at BAE Systems’ San Diego shipyard as part of the company’s $100 million investment in the yard to service the anticipated increase of U.S. Navy ships on the West Coast.
Hyundai Merchant Marine says still in talks to join 2M; joining an alliance was precondition for HMM debt relief. Doubts about the future of Hyundai Merchant Marine Co Ltd surfaced on Friday after Denmark's Maersk Line said the South Korean shipping firm was no longer being considered for the
SOLAS Regulation II-2/13.7.4 ‘Means of escape’ currently requires escape routes on ro-ro passenger ships to be evaluated by an evacuation analysis early in the design process, and recommends the use of MSC.1/Circ.1238 when conducting the analysis.
DSME and Kongsberg Maritime have signed a Joint Development Agreement (JDA) for a new LNG FSRU regasification control system. As part of the delivery scope for a vessel currently under construction at the Okpo shipyard in South Korea, DSME will develop a High Fidelity Dynamic Simulator for the
In 2017, the Danish Maritime Authority will contribute to a pilot project on the development and testing of a system that collects real-time data from various components on board ships. The Aalborg-based company GateHouse is behind the pilot project
Danish shipper Maersk Line, part of A.P. Moller-Maersk, said it is no longer considering Hyundai Merchant Marine for membership in the group, reports Reuters. This is a major blow to the troubled Korean shipping company. Membership in 2M Alliance would have guaranteed HMM a steady
Neptune Lines reduces fuel consumption and emissions with Hempaguard. Finished vehicle transportation company Neptune Lines has a reputation for fast and on-time deliveries. Keeping to schedule means the company’s fleet of Pure Car & Truck Carriers (PCTCs) must