Service Subsidiary News

HD Hyundai Global Service, a ship service subsidiary of HD Hyundai Group, has announced that it has signed contracts with Cool Company (CoolCo), an owner and operator of LNG vessels, to retrofit five LNG carriers with reliquefaction units.The contract value is approximately US$10 million per vessel.A reliquefaction unit is a device used to re-liquefy the boiled off gas (BOG) generated during the operation of LNG cargo tanks, either returning the gas to the cargo tank or preventing natural evaporation using sub-cooled LNG.

CSSC Marine Service Co (CMS), the worldwide equipment service subsidiary of China State Shipbuilding Corp (CSSC), has extended its range of services for WïnGD and RT-Flex two-stroke engines, with the introduction of an injection control unit (ICU) overhaul and testing service. The development marks the first time that OEM-authorized ICU overhaul and testing has been available in China.ICU overhauls are traditionally carried out in two key ports worldwide and often require international shipment of complete ICUs to and from the repair shop at great cost.

China State Shipbuilding Corp (CSSC) equipment service subsidiary CSSC Marine Service Co (CMS) said it has completed the first ever major overhaul on two WinGD X-DF engines—in only nine days.The twin 6X62DF engines overhauled belong to the first ever X-DF powered vessel in operation, 2017-built 180,000-cbm liquefied natural gas (LNG) carrier SK Audace, owned and operated by SK Shipping Co. LTD. The work was performed while the ship was at the Sabine Pass anchorage in Texas.In the three years since vessel delivery…

Chinese shipbuilding conglomerate China State Shipbuilding Corporation (CSSC) said that its worldwide equipment service subsidiary CSSC Marine Service Co (CMS) is using its expanded network of service stations to deliver a retrofit solution to engine starting problems that may occur with less viscous low-sulfur fuels (LSF).Some two-stroke engines using common-rail injection report problems reaching and maintaining high enough fuel rail pressure due to wear of fuel pumps, starting air problems or leaking injection control units.The concern is amplified when using fuels that are lighter and less viscous than heavy fuel oil, such as many of the very low sulfur fuel oil blends ship owners are likely to use to comply with IMO’s sulfur cap from 1 January 2020.

Cranes: much more than just critical equipment. At ZPMC, it means the supply chain itself. In post-Panamax world – that is to say one which includes an expanded, deepened and improved Panama Canal – there are many layers to the logistics onion. These include reinforced and improved berths and bollards, deepened blue water harbors, improved intermodal connections ashore and a reshuffling of ever larger tonnage for ports that can handle those ships. All of that is important, of course, but it is the post-Panamax sized cranes which may be the hottest commodity on the water as the race for the cargo reaches full speed. How those cranes are sourced and acquired may surprise you. It turns out that the global crane business is very much a ‘turnkey’ operation.

Stefano Cao has been brought back by Eni to turn around the oil service subsidiary Saipem that he spent nearly 25 years working for and prepare it for a sale, according to people familiar with the plan. Italian state-controlled oil major Eni has been mulling for years the idea of cutting its 43 percent stake in Saipem to somewhere below 30 percent, mainly to get 4.4 billion euros ($4.7 billion) of debt off its balance sheet that has been a brake on its own growth. But falling oil prices and setbacks that culminated last year in Saipem losing the lucrative South Stream gas pipeline project forced Eni to put the plan on hold. Saipem shares have fallen more than 60 percent in the past two years…

Rolls-Royce has set up MTU Middle East as a new regional sales and service subsidiary with head office in Dubai to support distributors and business partners of MTU, MTU Onsite Energy and Bergen Engines in 21 countries in the Middle East and North Africa. In this region, high-speed and medium-speed large diesel and gas engines, drive systems and on-site power generation systems are mainly deployed in electrical power generation, the oil and gas industry, and to drive trains and agricultural machinery. MTU, MTU Onsite Energy and Bergen Engines are part of Rolls-Royce Power Systems within the Land & Sea division of Rolls-Royce. “With our new sales and service center in Dubai…

After the delivery of an LTM 1500-8.1, Liebherr-Werk Ehingen GmbH can now boast the proud total of 30,000 mobile cranes supplied to customers. The Liebherr 500-tonner was supplied to the Mexican company Grupo DPH, a crane and heavy load contractor. In reaching its decision to buy from Liebherr, one of the major factors for Grupo DPH was the existence of Liebherr Mexico S.de R.L, a sales and service subsidiary founded in 2013. The LTM 1500-8.1 was handed over in the port of Salina Cruz in the south of Mexico. Grupo DPH has a warehouse at the port which currently acts as a distribution centre for the wind power plant manufacturer Vestas. At the present time the warehouse contains 130 generators and hubs for wind turbines.

World economic development was weaker in 2012 than in the previous year. Although growth was still 3.2%, the emerging markets’ rates of growth declined as well. The industrial nations continued to pursue a course between consolidation and economic stabilization. Within the Eurozone only a few countries achieved economic growth. The volume of world trade increased by 2.1%. The 2012 business year progressed well for the Liebherr Group. Although the reduced dynamism of the world economy had a noticeable effect on orders received in the final months of the year…

Mitsubishi Heavy Industries, Ltd. (MHI) has decided to transfer its small-size, air-cooled, gasoline engine business - its Meiki Engine operations - to Mitsubishi Heavy Industries Engine Systems Co., Ltd. (MES). MES is a wholly owned marketing and service subsidiary of MHI located in Shinagawa, Tokyo, and reports to the parent company's General Machinery and Special Vehicles headquarters in Sagamihara. By concentrating all manufacturing and marketing activities related to small-size, air-cooled gasoline engines to MES, MHI aims to establish a light and more effective operational structure capable of responding to rapid changes in a crowded market, thereby enhancing the competitiveness of Meiki Engines.

MaK Motoren GmbH & Co., a Caterpillar company, has signed a letter of intent for the sale of its marine sales and service subsidiary MaK Scandinavia to Geveke - the parent company of Geveke Power Systems - which represents Caterpillar in Norway, Sweden, Denmark and the Netherlands.

GlobalSantaFe Corporation announced that its board of directors has elected Jon A. Marshall as president and chief executive officer of the company. In addition, Mr. Marshall was elected a director at the company's annual meeting of shareholders. Mr. Marshall, who previously held the title of chief operating officer, succeeds C. Stedman "Sted" Garber, Jr., who, earlier this year, announced his intention to retire from his position as president, chief executive officer and a director. Marshall joined the company in 1979 and has held numerous operational and management roles over his 24-year career. In 1992, he became president of Applied Drilling Technology Inc. (ADTI), the company's turnkey drilling service subsidiary and Challenger Minerals Inc.