Marine Link
Friday, October 20, 2017

Imabari Shipbuilding

Japan Bank Finances Danish Shipper

Photo: Japan Bank for International Cooperation (JBIC)

 The Japan Bank for International Cooperation (JBIC) will provide a total of $28.3 million in syndicated loans with French bank BNP Paribas to help a major Danish shipping operator’s unit buy cargo vessels to be built by leading Japanese shipbuilder Imabari Shipbuilding, Jiji Press  reported.   The state-owned JBIC aims to revive the domestic regional economies relying on the shipbuilding industry by giving financial support for vessel exports at a time when the industry faces a global slump due to oversupply, the report quoted informed sources as saying.   According to the report, under the export deal brokered by Japanese trading house Mitsui & Co., the Singaporean subsidiary of Ultrabulk Shipping A/S will purchase two 38,000-ton bulk ships from Imabari Shipbuilding, based in the city of Imabari, Ehime Prefecture.   Nippon Export and Investment Insurance will provide insurance for the loans to be extended by BNP Paribas, the sources also said.   Affected adversely by the problem of overcapacity at the Chinese and South Korean industries, Japanese shipbuilders concluded in fiscal 2016 export contracts for only 95 vessels, about one-fourth of the year-before level, according to the Japan Exporters’ Association.  

Mitsui Charters Eight LNG Newbuild

LNG carrier LNG Pioneer. Photo:  Mitsui Lines

 Mitsui & Co. has signed a 25-year time charter deal with Trinity LNG Transport for the eight liquefied natural gas (LNG) carrier that will ship the liquefied natural gas from Cameron LNG project in the United States.   “Mitsui has newly contracted yesterday the eighth ship, bringing the total maximum charter hire amount for the combined eight ships to approximately 700 billion Japanese yen,” Mitsui said in a press statement.  

LASCO Fleet Orders Two New Vessels

With a twin-masted sterling silver replica of an Imabari sailing ship in front of them to commemorate the event, officials of Lasco Shipping Co. (LASCO) and Imabari Shipbuilding Co., Ltd., (Imabari) signed contracts for two 28,200 dwt logger/bulk carriers to be built at the Imabari shipyard. Imabari will deliver the first of the two vessels in February 2004 and the second in April 2004. "We're building on a well established good business relationship with Imabari", noted Anton U

OOCL Christens New Vessel

OOCL christened its eighth 5,888-TEU vessel. It is the last of the eight S-Class series built by Imabari Shipbuilding Co., Ltd, Japan. The OOCL Italy will be deployed in Asia-East Coast Express (AEX) Loop with the Grand Alliance. Source: SeaNews

MHI Licenses Deck Machinery Tech To Imabari Shipbuilding

120712_DeckMachinery web.jpg

Mitsubishi Heavy Industries, Ltd. (MHI) signed an agreement with Imabari Shipbuilding Co., Ltd. in Imabari, Ehime Prefecture, Japan, under which MHI licenses production and marketing of deck machinery. Through licensing, MHI aims to expand market share of deck machinery based on the company's technology and, at the same time, respond to requests from Imabari, which looks to enhance business through deck machinery production

Japanese Shipbuilders Take Stake in Brazil's ECOVIX

Five Japanese companies – Mitsubishi Heavy Industries, Ltd. (MHI), Imabari Shipbuilding Co., Ltd., Namura Shipbuilding Co., Ltd., Oshima Shipbuilding Co., Ltd. and Mitsubishi Corporation – have agreed to acquire a stake in ECOVIX -Engevix Construções Oceânicas S.A. (ECOVIX), a leading Brazilian shipbuilder. A Share Purchase Agreement (SPA) between the Japanese consortium and the Brazilian partners has been signed by the parties

ClassNK Commences Provision of Archive Center Services

Classification society ClassNK announced that it has reached a preliminary agreement with NYK Lines Co. Ltd. and Mitsui O.S.K. Lines Co. Ltd. regarding the use of the ClassNK Archive Center's As-built Drawings Storage Service (ADSS) for all kinds of ships. This agreement was made following consultation with NYK Lines Co. Ltd. and Mitsui O.S.K. Lines Co. Ltd., as well as Mitsubishi Heavy Industries Co. Ltd. and Imabari Shipbuilding Co. Ltd

MOL Bulker is the First Built with Safer Hull

Bulk carrier of the type featuring the NSafe-Hull

Bulk carrier under MOL’s operation is world's first to adopt highly ductile steel plate to ensure superior collision safety Mitsui O.S.K. Lines, Ltd. (MOL) announced the world’s first use of highly ductile steel plate NSafe-Hull, developed by Nippon Steel & Sumitomo Metal Corporation on a merchant vessel. The ship featuring this new safety-enhancing feature, a large-size bulk carrier, was launched on August 2.

Evergreen Orders 10 More Ships

Photo: Evergreen Group

 The Evergreen Group, Taiwan's largest container shipper, has signed an agreement with Japan's Imabari Shipbuilding Co. to build 10 new container vessels with a capacity of 2,800 20-foot equivalent units (TEU) to expand its fleet.   The new shipbuilding plan is the second time in the past month that the shipping company has decided to add 2,800-TEU container ships to its fleet. In August, Evergreen signed an agreement with Taiwanese shipbuilder China Shipbuilding Corp

CNCo Christened MV Tunsin at Imabari Shipyard

MV Tunsin Photo CNCo

The China Navigation Company (CNCo) christened its last newbuild bulk carriers, MV Tunsin, on 16 November at the Imabari Shipyard in Japan. Tunsin is the 241st CNCo newbuilding and the 86th vessel in this series. CNCo ordered four handysize bulk carriers (Imbari38 loggers) from Imabari Shipbuilding in 2014. Deliveries of the first three vessels, MV Taiyuan, MV Tientsin and MV Tsingtao took place between July and October this year

MHI, Shipbuilders Form Alliances

Mitsubishi Heavy Industries, Ltd. (MHI) has reached basic agreements with Imabari Shipbuilding Co., Ltd. and Namura Shipbuilding Co., Ltd. in the wake of ongoing discussions focused on forming alliances in the commercial ship business. Discussions toward concluding a similar alliance with Oshima Shipbuilding Co., Ltd. continue.    The agreements are targeted at achieving sustained growth through the pursuit of mutually complementary

Belships Signs Ultramax Deal with Imabari

Photo: Belships ASA

 Belships ASA, a bulk ship operator and management company, has signed an agreement to charter in an Ultramax bulk carrier of 63,000 dwt to be delivered from Imabari Shipbuilding first half 2020.    The charter period will be for minimum 8 years plus two yearly options, with purchase option from end of fourth year.    Through this new agreement, Belships ASA will have four Ultramax bulk carriers with eco-design from Imabari Shipbuilding.   

Japanese Shipbuilders Partner Up

Japanese shipbuilders Mitsubishi Heavy Industries, Ltd. (MHI) and Oshima Shipbuilding Co., Ltd. have reached a basic agreement to form an alliance in the commercial ship business.   Together the two companies will seek business synergy and target sustainable growth to strengthen global competitiveness, while also respecting mutual independence, MHI said.   The shipbuilders will also work toward establishing a technical alliance to focus on development of new ship designs and

RMI Registry Strengthens Support for Japanese Owners

International Registries, Inc. and its affiliates (IRI), which provide administrative and technical support to the Republic of the Marshall Islands (RMI) Maritime and Corporate Registries, has appointed a new Technical Officer in its Imabari office, strengthening its support and services for the Japanese ship owning market.   “We now have more than 400 employees in our 27 offices worldwide and by hiring an extremely experienced technical officer in Imabari

MHI Hybrid Turbochargers Awarded for Efficiency

Mitsubishi hybrid turbochargers for marine diesel engines received the Energy-Efficient Machinery Award from Japan Machinery Federation   Hybrid Turbocharger developed by Mitsubishi Heavy Industries Marine Machinery & Engine Co., Ltd. (MHI-MME), received the President Award 2015 in the 36th Energy-Efficient Machinery Award from Japan Machinery Federation (JMF).   This Hybrid Turbocharger, which incorporates high speed generator motor in Mitsubishi MET Turbocharger

Maritime Economics: Top Five Shipyards by Market Value

VesselsValue.com

Shown is an infographic courtesy of VesselsValue.com looking at the top five shipyards ranked by the market value of the newbuilding contacts currently on order. According to Senior Data Editor, Craig Jallal, "The current top five shipbuilding groups have seen a significant decline in value of their orderbooks year-on-year since March 2015. Hyundai HI has suffered the largest decline, down by 12%, but fifth-placed Imabari of Japan, enjoyed a 9% increase in the value of its orderbook

Imabari Installs SOx Scrubber onto Bulk Carrier

Bulk carrier M/V Nadeshiko (Photo: Imabari Shipbuilding)

Imabari Shipbuilding Co., Ltd. announced it has become the first shipyard in Japan to successfully install a SOx scrubber onto bulk carrier.   The SOx scrubber, manufactured by Fuji Electric Co., Ltd., has been installed for a domestic ship owner aboard the 84,000M.T.D/W bulk carrier M/V Nadeshiko. The installation was completed on March 24, 2016.   This installation is the joint research support project together with Class NK called “Main Engine Exhaust Gas Cleaning System

'K' Line Takes Delivery of Corona Series Coal Carrier

Kawasaki Kisen Kaisha, Ltd., Tokyo, (“K” Line) has announced the delivery of Corona Victory, an 88,000 DWT-type special coal carrier at Marugame Shipyard of Imabari Shipbuilding Co., Ltd., Japan on May 24, 2016.   Corona Victory  is same type as “K” Line’s specialized fleet for transport of thermal coal known as the Corona-series, which consists of epoch-making coal carriers equipped with wide beam and shallow draft

Japanese Yards Mull Shipbuilding Alliance

Photo: MHI

Four major Japanese shipbuilders are in discussions to form an alliance in hopes of riding out the industry slump.   Mitsubishi Heavy Industries, Ltd. (MHI) announced in a press release today that it has entered talks with Imabari Shipbuilding Co., Ltd., Oshima Shipbuilding Co., Ltd. and Namura Shipbuilding Co., Ltd. toward forming new domestic alliances in order to leverage “mutually complementary, synergy-generating [partnerships] that would collectively provide Japan's

Japanese Shipbuilding Alliance Threatens Korea

Photo: Mitsubishi Heavy Industries Ltd.

 According to the Nikkei, Mitsubishi Heavy Industries Ltd. (MHI)  has entered negotiations with Imabari Shipbuilding Co., Ltd., Oshima Shipbuilding Co., Ltd. and Namura Shipbuilding Co., Ltd., each first, third, and fourth, respectively, in terms of shipbuilding tonnage, to form an alliance in the area of commercial ships.   The plan of the alliance is to pool their resources in efforts to compete more effectively with their Chinese and Korean rivals, reports Korea Herald.

New Rudders for the World’s Largest Box Ships

Becker Performance Package, consisting of Becker Mewis Duct Twisted with Becker Twist Rudder (Image: Becker Marine Systems)

Despite the continuing global shipping crisis, Becker Marine Systems, producer of high-performance rudders and energy-saving solutions in the field of maneuvering technology, said it is appearing at SMM 2016 with a good order situation, announcing it has secured an order to equip some of the largest containerships in the world.   The world’s largest containerships are continuing to operate using full spade rudders from Becker Marine Systems

Iron Ore Carrier for Kobe Steel Named Shinzan Maru

ShinzanMaru, a newbuilding iron ore carrier that will sail under a long-term transport contract with Kobe Steel, Ltd.  Photo MOL

Mitsui O.S.K. Lines, Ltd. today announced that on October 27, a naming ceremony for the Shinzan Maru, a newbuilding iron ore carrier that will sail under a long-term transport contract with Kobe Steel, Ltd., was held at the Hiroshima Shipyard of Imabari Shipbuilding Co., Ltd. Among those on at the ceremony were Kobe Steel Chairman, President, CEO, and Representative Director Mr. Hiroya Kawasaki, who named the new vessel. Thereafter his wife cut the rope.

Naming Ceremony for CNCo Newbuilding

Photo: The China Navigation Co.Pte.Ltd

 Following the naming of its new cement carrier, MV Aotearoa Chief, in New Zealand yesterday, The China Navigation Company (CNCo) christened its last newbuild, MV Tunsin, on 16 November at the Imabari Shipyard in Japan. Tunsin is the 241st CNCo newbuilding and the 86th vessel in this series. CNCo ordered four handysize bulk carriers (Imbari38 loggers) from Imabari Shipbuilding in 2014.    Deliveries of the first three vessels, MV Taiyuan

Mega 20,150 TEU Containership Named MOL Triumph

The 20,150 TEU, 400m-long MOL Triumph is scheduled to be delivered March 27. (Photo: Samsung Heavy Industries)

A new 20,150 TEU containership has captured the “world’s largest” title: MOL Triumph, the first in a series of new mega containerships for Japan’s Mitsui O.S.K. Lines, Ltd., (MOL) was named at Samsung Heavy Industries, Ltd.’s (SHI) Geoje, South Korea shipyard.   MOL Triumph is the first of four 20,000 TEU class ultra-large container carriers ordered by MOL in February 2015 to be built by SHI for 2017 delivery

MHI Pact for Domestic Shipbuilders on Forming Alliances

Pic: Mitsubishi Heavy Industries

 Mitsubishi Heavy Industries (MHI) has reached basic agreements with Imabari Shipbuilding Co., Ltd. and Namura Shipbuilding Co., Ltd. in the wake of ongoing discussions focused on forming alliances in the commercial ship business. Discussions toward concluding a similar alliance with Oshima Shipbuilding continue.    The agreements are targeted at achieving sustained growth through the pursuit of mutually complementary

Maritime Reporter Magazine Cover Oct 2017 - The Marine Design Annual

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