Marine link
 

Shipbuilders

Report: Shipbuilders Need to Target Cruise Market

According to the Korea Times, the next five years will provide an opportunity for Korean shipbuilders to construct cruise ships with a high-profit margin, the Korea Shipbuilders' Association said. The construction of luxury cruise ships declined steadily after the September 11 terrorist attacks on the United States. But with a recent favorable upturn, the market is expected to expand especially in the large and medium-size category through 2010, with an annual growth rate of about 5 percent, the association said. This prospect of stronger demand for cruise ships will offer local shipbuilders opportunities to venture into the construction of cruise ships with less risk. South Korea is the no.1 shipbuilding country in the world with aggregate exports of $17.6 billion last year. However, Korean shipbuilders haven't seen significant sales in the cruise ship business, which accounts for about 20 percent of the global shipbuilding market. Until recently, Europe had almost completely monopolized the building of cruise ships. According to the Association of European Shipbuilders and Ship Repairers, a quartet of Europe-based shipbuilders that has maintained a combined 84-percent market share since 2002. The average age of cruise ships in service at present is about 42.4 years for 19 ships over 10,000 gross tons, and 37.8 years for those less than 10,000 gross tons. Accordingly, replacement demand is likely to become active in the near term, the association said.


Many 1Q Orders for South Korean Shipbuilders

South Korean shipbuilders racked up large overseas orders in the first quarter, keeping them on course to far exceed yearly targets, Korea Times reported. Hyundai Heavy Industries, the world's largest shipbuilder, clinched orders worth $2.3 billion in the January-March period, compared with its full-year target of $7.4 billion. Its two affiliates - Hyundai Mipo Dockyard and Hyundai Samho Heavy Industries - won a combined $2.75 billion worth of orders in the first quarter


China Targets Shipbuilding Sales of $189 Billion By 2015

SHANGHAI -- China aims to increase annual sales by domestic shipbuilders to $189.7 billion by 2015, as it works toward its goal of becoming the world's leading shipbuilding country, the Ministry of Industry and Information Technology said.  China also plans to raise the value of annual shipbuilding exports to more than $80 billion by 2015, the ministry said, in a five-year plan for the shipbuilding industry. The plan provides new details regarding China's push for significant growth


Aveva: Navies Can Reduce Project Cost, Risk and Timescales

Photo: Aveva

New business paper describes how technology offers proven collaboration capabilities that benefit all parties in warship procurement projects Aveva today announced its publication of a new business paper, “Taking Command: How Aveva technology can increase capabilities in naval fleet management.” In this paper, Aveva examines six ways that navies can exploit technologies used in other sectors, such as the offshore industry


South Korean Foreign Ship Orders Drop

New foreign orders received by South Korean shipbuilders fell 15.7 percent in the first nine months of this year from a year ago, provisional figures from the Korea Shipbuilders' Association show. Orders in the nine-month period totaled 5.8 million gt for 110 ships, compared with 6.9 million gt for 121 ships in the same period a year earlier. New orders received in September alone totaled 1.2 million gt for 16 vessels. It did not give comparable 1998 figures


VT Halter Marine - New Platform Supply Vessel

VT Halter Marine Inc (VT Halter Marine), a company of VT Systems Inc (VT Systems), signed a contract with Candies Shipbuilders, LLC (Candies Shipbuilders), on Nov. 5, to construct a 285’ Platform Supply Vessel for approximately $8.9m. (www.vthaltermarine.com)


South Korea New Builds May be Canceled

According to a March 10 report from Reuters, South Korea's shipbuilders are showing signs that they will delay or cancel orders. For years, shipbuilders have been a major source of dollars for South Korea, but now this latest news may further erode the won. (Source: Reuters)


South Korean Ship Orders Up 127% In 1999

Combined orders received by South Korean shipbuilders totaled 12.72 million gt for 227 ships in 1999, up 127.2 percent from a year earlier, according to the Korea Shipbuilders' Association said. New orders received in December alone totaled 3.71 million GT for 66 ships, the association said in a statement. Ships completed in 1999 amounted to 9.48 million gt for 163 ships, up from 7.28 million gt for 143 ships a year earlier, it said


STX Shipbuilding wins $373m Order from India

The STX Shipbuilding Co., South Korea's seventh-largest shipbuilder, has won a $373m order to build six petrochemical goods carriers for a shipping company in India. The order, which accounts for 30.7 per cent of STX Shipbuilding's sales last year, calls for the Korean shipbuilder to deliver the six vessels to India's Shipping Corp. by July 2010, the company said in a statement. Source: ANTARA


Shipbuilders Make Financial Contributions to International Maritime Developments

The Ministry of Maritime Affairs and Fisheries (MOMAF) said that the Korea Shipbuilders's Association (KOSHIPA), comprising nine major Korean shipbuilders, would subscribe a fund for technical cooperation projects amounting to $100,000, in order to enable developing countries to advance their shipbuilding industries in the International Maritime Organization (IMO) arena. KOSHIPA plans to contribute $50,000 to the fund by the end of this year, and add more $ 50,000 as of early next year


Ingalls-built National Security Cutter Completes Acceptance Trials

NSC James (Photo: HII)

Huntington Ingalls Industries (HII) announced today that the company's fifth U.S. Coast Guard National Security Cutter (NSC), James (WMSL 754), has completed her acceptance trials. The Ingalls-built NSC spent two full days in the Gulf of Mexico proving the ship's systems.  


John Finn Christened at Ingalls Shipyard

John Finn (DDG 113) is christened

  Huntington Ingalls Industries' Ingalls Shipbuilding division christened the company's 29th Arleigh Burke-class (DDG 51) Aegis guided missile destroyer, John Finn (DDG 113), May 2 in front of nearly 1,000 guests. DDG 113 is named John Finn after the first Medal of Honor recipient of


Yangzijiang Shipbuilding in Early Talks on Rongsheng Investment

China's Yangzijiang Shipbuilding Holdings Ltd is considering a possible investment in troubled peer China Huarong Energy Co Ltd , formerly known as China Rongsheng, its executive chairman said on Thursday.   Ren Yuanlin said the company was still in early talks with stakeholders


Shipbuilder HII Declares Quarterly Dividend

Photo by Chris Oxley (HII)

U.S. shipbuilder Huntington Ingalls Industries (HII) announced today that its board of directors has declared a quarterly cash dividend of $0.40 per share, payable on June 12, 2015, to shareholders of record as of the close of business on May 29, 2015.


Bollinger Receives Two SCA Awards

Bollinger’s President and CEO, Ben Bordelon accepting SCA awards from Matthew Paxton (Left), SCA President and Ian Bennitt (Right), SCA Manager Government Affairs. (Photo courtesy of Bollinger)

Bollinger Shipyards was presented the 2014 Award for Excellence in Safety for the 10th consecutive year, and was also presented the 2014 Award for Improvement in Safety by the Shipbuilders Council of America (SCA) on April 23, 2015, during the association’s Spring General Membership Meeting


Reps. Courtney, Wittman Honored for Maritime Leadership

SCA President Matt Paxton and newly elected SCA Chairman Tom Godfrey, Jr. honor Congressmen Joe Courtney and Wittman with the Maritime Leadership Award (Photo: SCA)

United States Congressmen Joe Courtney (D-Conn.) and Rob Wittman (R-Va.) this week received the Maritime Leadership Award from the Shipbuilders Council of America (SCA), a national trade association representing the nation’s shipbuilding and repair industry


SINOPACIFIC Delivers AHTS Vessel to FEMCO

Photo courtesy of SINOPACIFIC

On April 28, 2015, Sinopacific Shipbuilding Group (SINOPACIFIC) held a christening and delivery ceremony for a newly built SPA150 AHTS, constructed for shipowner FEMCO Group.    This first SPA150 vessel is not only the first of this design to be delivered in the world


De Beers Confirms Kleven Newbuild Contract

Image courtesy of Kleven

Norwegian shipbuilder Kleven announced its contract with De Beers Marine Namibia, part of De Beers Group, for the building of a specialized vessel for deep water mineral exploration, initially announced in October 2014, is expected to receive final approval in May 2015.  


ABB's New Azipod Thruster

ABB

ABB has released details on its latest generation Azipod thruster, a unit which ranges in power from 1.6 megawatts to 7 megawatts (MW) and is intended to serve a growing electric propulsion market. (According to Clarkson’s Research, the number of vessels with electric propulsion has been


HMS Prince of Wales Bridge Sets Sail

Photo: BAE Systems

The bridge section of the second Queen Elizabeth Class aircraft carrier set sail today from Glasgow on its first sea voyage to Rosyth.   Upper Block 07 is where HMS Prince of Wales will be commanded atop the flight deck and is known as the Forward Island


Hanjin’s Subic Shipyard Wins Bid for Six Boxship

Hanjin Heavy Industries & Construction’s (HHIC) Philippines-based Subic Shipyard Courtesy HHIC

  HANJIN Heavy Industries & Construction (HHIC)-Phil’s Subic Shipyard hit the jackpot bids. On April 20, the company said that it signed a deal to build six 11,000-TEU containerships for European and Asian shipping companies.


MacGregor Inks Deal with Grupo CBO

Triplex shark jaws and guide pins help to ensure safe working deck operations on the new vessels. The combination of Triplex cranes will provide very flexible, safe and reliable lifting capabilities

  MacGregor, part of Cargotec, has secured a contract with the Brazilian shipowner and shipbuilder Grupo CBO. The contract is to supply Triplex deck handling equipment and cranes for four customised Havyard 843 anchor handling tug supply vessels (AHTS)


World’s First LNG-Powered Containership Launched

Isla Bella: General Dynamics NASSCO

 General Dynamics NASSCO launched the 3,100 teu Isla Bella, the world’s first LNG-powered containership. More than 3,400 shipbuilders, their families, and others attended the special event at the San Diego-based shipyard.  


Taiwan's Yang Ming Marine to Add Bigger Vessels to its Fleet

Image by Yang Ming Marine Transport Corporation

 Yang Ming Marine Transport Corporation, Taiwnanese global shipping and logistics services company,  will take delivery of 14 large-sized ships over the next two years, as it moves to expand its fleet of shipping vessels.   


Australia: Submarines Excluded from Shipbuild Review

Pics: Australian Shipbuilders Association Limited

 The Australian Navy’s future submarine project has been excluded from the country's shipbuilding review on advice from the Abbott government that the new fleet would be built offshore.   The review’s final report, published on Thursday






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright