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Construction Co Ltd News

07 Jun 2022

HJSC Receives LR AIP for 7,700 TEU LNG-fueled Containership

Lloyd’s Register (LR) has awarded approval in principle (AIP) to HJ Shipbuilding and Construction Co. Ltd (HJSC) – formerly Hanjin Heavy Industries & Construction – for its 7,700 TEU liquefied natural gas (LNG)-fueled containership.The AIP follows a memorandum of understanding (MOU) and joint development project (JDP) agreement between the two companies signed on November 24, 2021. Under the MOU, HJSC has delivered the concept and the design of the vessel, with LR reviewing and approving the design drawings…

28 Jul 2021

Philippine Creditors Set to Sell Debt-laden Shipyard

Credit: HHIC Phil (File Photo)

Philippine creditors are close to selling a strategically located but debt-laden shipyard north of the capital Manila, government officials said on Tuesday, with a North American company cited as being an investor in the deal.Hanjin Philippines, a unit of South Korea's Hanjin Heavy Industries & Construction Co Ltd, in 2019 defaulted on $1.3 billion in loans, of which $900 million is owed to South Korean banks and the rest to five Philippine lenders.Talks with investors were almost complete…

21 Nov 2019

Japanese Trio Orders Wind Turbine Installer

Penta-Ocean Construction, Kajima Corporation, and Yorigami Maritime Construction have agreed to jointly construct a wind farm installation vessel capable of installing foundations and turbines with a capacity of between 10MW and 12MW.The three Japanese companies have ordered a jack-up vessel with a 1600-tonne lifting capacity for work in the domestic offshore wind sector.The multipurpose self-elevating platform (SEP) ship holding company will be established as a subsidiary of Penta-Ocean Construction Co., Ltd. and it will be operated jointly by the three companies.In light of the enactment of relevant regulations which promote offshore wind power generation in the general sea areas in addition to the port and harbor areas…

09 Oct 2019

Austal, Cerberus Mull JV on Hanjin's Philippine Yard

AdobeStock / Š Bernell11

Australian shipbuilder Austal Ltd and U.S. private equity firm are considering a joint bid for a strategically located but debt-laden Philippine shipyard, the facility's trustee said on Wednesday.Hanjin Philippines, a unit of South Korea's Hanjin Heavy Industries & Construction Co Ltd, in January defaulted on $1.3 billion in loans, of which $900 million is owed to South Korean banks and the rest to five Philippine lenders.Austal and Cerberus are interested in the distressed shipyard…

07 Jul 2019

Hanjin Heavy, EEI Team Up

South Korea’s Hanjin Heavy Industries & Construction Co. Ltd. (HHIC) has partnered with Yuchengco group-led construction firm EEI Corp in Philippines.In a stock exchange announcement, EEI said that it formed a partnership with HHIC for upcoming construction projects. No other details were provided by both companies regarding the deal.The two companies have previously teamed up for local projects such as the Berth 6 Manila International Container Project.According to a report in Inquirer, the strategic alliance is seen to make use of HHIC’s special intellectual property in underground infrastructure, railway and airport construction projects.

04 Jul 2019

Singapore Starts Tuas Terminal Phase 2

The Maritime and Port Authority of Singapore (MPA) has announced that reclamation work for Tuas Terminal Phase 2 began ysterday (4 July), with the installation of the first caisson.Singapore’s next-generation trade hub has commenced at a ceremony attended by Dr. Lam Pin Min, Singapore’s Senior Minister of State for Transport and Health.MPA awarded the Tuas Terminal Phase 2 reclamation project to Penta-Ocean Construction Co. Ltd/Hyundai Engineering & Construction Co. Ltd/Boskalis International BV (PHB) Joint Venture in 2018. This is the largest of the four phases to be reclaimed at 387 hectares. The 8.6 km wharf structure will be constructed with 227 caissons that will be fabricated on site. All container operations in Singapore will be consolidated at Tuas Terminal by the 2040s.

29 Apr 2019

Cutting Ceremony at Damen Singapore

Photo courtesy of Damen

Work has begun at Damen Shipyards Singapore on the construction of two of Damen’s latest fast crew supply vessel; the FCS 2710. In what was described as ‘the cutting ceremony’, as the vessels are being built in aluminium, Mr. Chung Pang Chen and Mr. Polin Chen of Hung Hua Construction Co. Ltd. of Taiwan were joined by Michiel Hendrikx, Sales Manager Asia Pacific for Damen and colleagues from Singapore and Gorinchem to mark this important occasion.The two vessels, to be named the Falcon I and Falcon II…

26 Apr 2019

Philippines Shipyard Sale Open to All

All offers from potential buyers of a strategically located but debt-laden Philippine shipyard will be welcome, the trade minister said on Thursday, ruling out barring Chinese firms over national security fears.Trade Secretary Ramon Lopez said the government would not, and could not, block interested buyers of distressed shipbuilder Hanjin Philippines, which defaulted on $1.3 billion in loans, of which $900 million is owed to South Korean banks and the rest to five Philippine lenders.Hanjin, a unit of South Korea's Hanjin Heavy Industries & Construction Co Ltd, until recently employed 20,000 workers at its yard in Subic Bay, which until 1992 was home to a U.S.

01 Jun 2018

Port of Hamburg Delegation in China

A delegation from Hamburg was in China from 14 to 18 May, visiting companies in Zhengzhou, Shanghai and Hangzhou. Organized by Port of Hamburg Marketing (HHM) in cooperation with the Hamburg Representative Office in Shanghai, the delegation’s tour was led by Axel Mattern, HHM’s Joint CEO, and Mathias Schulz, its Head of Market Development Asia. The delegation included representatives of TCO Transcargo, Rostock Port, Trelleborgs Hamn, Hamburg Port Authority (HPA) and Hamburg Invest. The focus was on discussions with leading import and export companies, along with Chinese logistics providers for sea and rail services. In addition, the delegation was extremely impressed by developments on the expansion of Chinese infrastructure.

25 Apr 2018

Singapore Awards Another $1.1 Bln for Mega-port Project

Š ake1150 / Adobe Stock

Singapore on Wednesday announced a $1.1 billion plan to expand and modernize its port, the world's second-biggest, but which is in fierce competition with several Chinese harbors including Shanghai, Shenzhen and Guangzhou.The Maritime and Port Authority of Singapore (MPA) said it has awarded a project worth S$1.46 billion ($1.10 billion) for the second phase of its Tuas Terminal port development to a joint venture of firms, including Korea's Hyundai Engineering and Construction.Other companies in the joint venture include Japan's Penta-Ocean Construction Co Ltd and Boskalis International from

05 Nov 2017

China Unveils Huge Island Building Vessel

China has has unveiled a massive island-building vessel, which has been called “a magic island-maker” by its designer and is considered the most powerful vessel of its type in Asia, the state media reported. Named Tian Kun Hao, the ship is reported to have a deck the size of nine basketball courts and be capable of dredging up to 6,000 cubic meters an hour and digging as deep as 35 meters under the sea floor. The ship, capable of building artificial islands of the sort the country has constructed in the contested South China Sea, was launched last Friday at a port in eastern Jiangsu province, according to China Daily. The Marine Design and Research Institute in Shanghai, which designed the vessel, described it as a “magic island-maker” on Saturday.

14 Jun 2017

Ship-to-ship LNG Bunkering Starts in Port of Zeebrugge

First LNG ship-to-ship operation in the port of Zeebrugge (Photo: Port of Zeebrugge)

The bunkering vessel ENGIE Zeebrugge performed in the port of Zeebrugge, Belgium, its first deliveries of liquefied natural gas (LNG) as a marine fuel to M/V Auto Eco and M/V Auto Energy, the two new gas-propelled pure car and truck carriers (PCTCs) of UECC. The LNG bunkering operations were conducted simultaneously while cargo operations for PCTCs were taking place. ENGIE Zeebrugge, which is the world’s first purpose-built LNG bunkering vessel, arrived in Zeebrugge at the beginning of April after delivery from Hanjin Heavy Industries & Construction Co.

01 May 2017

New FSRU Concept Stems from ABS, HHIC Project

Image: ABS

ABS partners with HHIC to advance safety and set standards in new FSRU design concept. Working with Hanjin Heavy Industries and Construction Co., Ltd. (HHIC) as it completed a new Floating Storage and Regasification Unit (FSRU) design concept, ABS provided safety guidance and advice on regulatory compliance throughout concept development. “Industry is exploring options for getting gas to new and expanding markets,” said ABS Vice President for Global Gas Solutions Patrick Janssens.

16 Feb 2017

Hanjin Heavy Delivers Purpose-Built LNG Bunkering Vessel

ENGIE, Fluxys, Mitsubishi Corporation, and NYK have taken delivery of the world’s first purpose built liquefied natural gas bunkering vessel (LBV) from Hanjin Heavy Industries & Construction Co. Ltd., at the Yeongdo shipyard in Busan, Korea. She will run on LNG for her maiden voyage, after a few days of loading LNG delivered by trucks at the shipyard. Zeebrugge in Belgium will be the home port of the vessel, which has been named ENGIE Zeebrugge accordingly. From there, the 5,000 m3 LNG capacity LBV will supply LNG as a marine fuel to ships operating in Northern Europe. The two LNG-fueled pure car and truck carriers (PCTC) operated by United European Car Carriers will be its first customers.

15 Feb 2017

First Purpose-built LNG Bunkering Vessel Delivered

ENGIE, Fluxys, Mitsubishi Corporation, and NYK have taken delivery of the world’s first purpose built liquefied natural gas bunkering vessel (LBV) from Hanjin Heavy Industries & Construction Co. Ltd., at the Yeongdo shipyard in Busan, Korea. She will run on LNG for her maiden voyage, after a few days of loading LNG delivered by trucks at the shipyard. Zeebrugge in Belgium will be the home port of the vessel, which has been named ENGIE Zeebrugge accordingly. From there, the 5,000 m3 LNG capacity LBV will supply LNG as a marine fuel to ships operating in Northern Europe. The two LNG-fueled pure car and truck carriers (PCTC) operated by United European Car Carriers will be its first customers.

15 Dec 2016

Reliability boost for Cutter Dredger Cassiopeia V

Wärtsilä will provide extensive technical support and advisory services for Singapore-based large cutter dredger Cassiopeia V. The five-year Technical Management Agreement includes Dynamic Maintenance Planning (DMP) and is complemented by Advanced Technical Support to ensure the reliability and availability of the vessel. The cooperation between Wärtsilä and Cassiopeia Five Pte Ltd, which owns and operates the vessel Cassiopeia V, began in 2015 with Wärtsilä's Advanced Technical Support. The Advanced Technical Support (ATS) covers extensive proactive technical information, service and advice to the ship crew by a dedicated Wärtsilä Services team. The new agreement expands the partnership between Wärtsilä and Cassiopeia Five Pte Ltd.

20 Oct 2016

ClassNK Issues AIP for LNG Bunkering Vessel Design

(Pictured l-r) ClassNK : S. H. Lee, H. Takesue, J. B. Jeong, T. Nishibashi (Country Manager of Korea) / Hanjin Heavy Industries & Construction Co., Ltd.: C. S. Lee (Technical Director), K. C. Lee, J. K. No. (Photo: ClassNK)

Classification society ClassNK has issued Approval in Principle (AIP) for a 7,500 cbm LNG bunkering vessel designed by Hanjin Heavy Industries & Construction Co., Ltd. This design is the result of joint research carried out by Hanjin Heavy Industries & Construction Co., Ltd. and ClassNK to improve the efficiency of LNG bunkering vessels. The choice of LNG as ship fuel has become increasingly prevalent in the industry, and is expected to become one of a primary source of fuel in the near future.

05 Sep 2016

LOC Enters Offshore Wind Farm Sector in Korea

London Offshore Consultants (LOC) has clinched its first ever windfarm project work in the Asia Pacific region. LOC in Korea has been jointly appointed by reinsurers Swiss Re and Korean Re as the marine warranty surveying service provider for the Tamra Wind Farm project. This is the first offshore wind farm project in Korea located off the coast of Jeju Island about 0.5 – 1.0km from the shore. “We are delighted to have a chance to work closely withTamra Offshore Wind Power Co., Ltd., a local developer which is owned by Korea South East Power Co., Ltd., and the respected local manufacturer of wind turbine generators, Doosan Heavy Industries & Construction Co., Ltd.,” said Jonathan Walker, Regional Director of LOC.

22 Jul 2016

China to Add 8 Cruises to Push Tourism in South China Sea

Three State-owned enterprises from the shipping, tourism and construction sectors will cooperate to equip up to eight cruise liners and offer diversified sightseeing services to tap the travel market in the South China Sea, says China Daily. Sanya International Cruise Development Co Ltd, a joint venture by COSCO Shipping, China National Travel Service (HK) Group Corp and China Communications Construction Co Ltd, will buy between five and eight ships. In addition to buying between five and eight ships, the plan calls for the construction of new docks in the resort city of Sanya. Liu Junli, chairman of Sanya International, said the ships may also "cruise around the South China Sea at the appropriate time," according to China Daily.

21 Jun 2016

COSCO to Roll out Cruise to Xisha Islands

China’s state-owned COSCO Shipping Corp plans to launch cruise services in the South China Sea in July, reports Reuters. The first route is expected to travel from Sanya to the Yongle Island, part of the Xisha Islands in Hainan province. Its part of Beijing’s plans to transform several islands in the disputed waterway into tourist destinations to bolster its territorial claims. "It is practical to stimulate the local economy through development of tourism, logistics and infrastructure facilities," Xu Lirong, chairman of COSCO Shipping, said. China COSCO Shipping signed a contract with China National Travel Service (HK) Group Corp and China Communications Construction Co Ltd in late April, to jointly establish a cruise company to offer tourism services in the South China Sea.

09 Dec 2015

CCCC May Build Terminal in Sydney Harbour

China Communications Construction Co. Ltd (CCCC). has agreed to build a highly automated container terminal in Sydney Harbour, depending on the results of a feasibility study to be conducted next year. Albert Barbusci, CEO of Harbor Port Development Partners (HDP), said that his company, which has the exclusive right to market the port of Sydney, has signed a deal with China Communications Construction Company related to the design, construction and ownership of a deep-water container terminal in Sydney. It’s expected the multi-year development of the port will cost more than $1 billion. HDP also says discussions are underway on a potential equity stake in the project by the Chinese firm.

09 Apr 2015

Imabari Invests in Shipbuilding

Imabari Shipbuilding Co., Ltd. secured newbuild orders with the cooperation of Marubeni Corporation for eleven 20,000TEU Ultra-Large Container Carriers, when delivered the largest containerships in the world. The new ships, the first of which is scheduled to be completed in early 2018, will measure approximately 400m long and 59m wide. Imabari has built more than 200 container carriers, including the 4,800TEU Over-Panamax type in 1995 that was then the largest in the world, as well as the 8,100TEU type in 2008. In March this year, 14,000TEU type, now the largest in Japan, is scheduled to be completed. Imabari explained it has been developing large size container carriers in response to increasing oceangoing cargo movement globally.

26 Mar 2015

Panama Canal Sets Sight on Another Expansion

Photo: Panama Canal Authority

As it enters the final stretch of a massive expansion, the Panama Canal Authority is setting its sights on an even more ambitious project worth up to $17 billion that would allow it to handle the world's biggest ships. Workers are now installing giant, 22-story lock gates to accommodate larger "Post-Panamax" ships through the Canal, one of the world's busiest maritime routes. The project involves building a third set of locks on the Canal. It is being headed by Italy's Salini Impregilo  and Spain's Sacyr, and should open on April 1, 2016.