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OFFSHORE ENGINEERING

Singapore's Marine & Offshore Sector Powering Output

File photo

Singapore's first-quarter growth could be revised higher after data on Friday showed unexpectedly strong industrial output in March, double the pace of market expectations, with output in marine and offshore engineering +45.1% y/y. Manufacturing output in March surged 12.1 percent from a year earlier, far exceeding expectations in a Reuters poll for growth of 6.3 percent. Output rose 6.1 percent on a month-on-month, seasonally adjusted basis, quicker than the median forecast of 1.5 percent. The jump in manufacturing output was stronger than what was implied by the government's advance estimate of first-quarter gross domestic product (GDP) released Marine And Offshore Engineering Helping to drive the surprising strength in industrial production was a surge in output in the marine and offshore engineering segment, which jumped 45.1 percent year-on-year. The rise came as work on several rig and ship building projects played a part in the jump in output from those sectors, the Singapore Economic Development Board said. (By Masayuki Kitano)  


DNV Greater China Offshore Committee

Zhou Shouwei, Vice General Manager of CNOOC (China National Offshore Oil Corporation) and Academician of the Chinese Academy of Engineering accepted DNV’s invitation to be the chairman of the DNV Greater China Offshore Committee. The DNV Offshore Committee is the first of its kind to be organized by a classification society in China. “The objective of establishing this committee is to create a forum where senior executives from the Chinese offshore industry can meet to exchange


Petrobras Standardizes on Intergraph 3D Technology

The world’s eighth largest oil company and a longtime Intergraph customer, Petrobras will completely adopt SmartPlant® 3D modeling and visualization, engineering and schematics, information and materials management, and project controls solutions to enable Petrobras to develop, operate and maintain its fixed offshore drilling platforms, semi-submersibles and FPSOs. Petrobras has already used Intergraph solutions for 10 FPSOs, four semisubmersible floating production platforms


Reeve's Joins Robert Allan Ltd

Robert Allan Ltd. announced that Henry Reeve, P.E. (BASc, UBC Mech 95, Masters, NA and Offshore Engineering, Berkley ’97) has joined Robert Allan Ltd. as a Senior Naval Architect. Reeve’s areas of expertise include hydrodynamics and motions, mooring, resistance predictions, stability (ship and offshore), model testing, CFD analysis, regulatory and classification issues, and vessel survey.  He has worked on the naval architecture aspects of CNG and LNG Terminals and Ships


China Shipbuilding Industry Midgets Reigned In

China shipyard: File photo CCL

China signaled that it will cut its vast shipyard army to get industrial growth back on a healthy track this year, as its earning ability falters amid cheap vessel prices, blind expansion and speculation in the shipbuilding sector, according to Xinhua. China will drastically curb the number of shipyards, docks, berths and maintenance facilities it opens, reports Xinhua, citing Li Dong, deputy director-general at the department of equipment industry at the Ministry of Industry and Information


Aqualis Offshore and CSDC Join Forces

Aqualis Offshore and China Ship Design & Research Center Co., Ltd (CSDC) have signed an agreement to cooperate on engineering projects both in China and internationally.    CSDC, a subsidiary company of China Shipbuilding Industry Corp (CSIC), specializes in shipbuilding and offshore engineering services.   Aqualis Offshore, part of Oslo-listed Aqualis ASA, is a specialized offshore marine and engineering consultancy firm


DPS Offshore is now Forum Subsea Rentals

Forum Energy Technologies, Inc. (NYSE: FET) recently announced the rebrand of its DPS Offshore product line to be known as Forum Subsea Rentals. With an extensive inventory of the most advanced subsea rental products, Forum Subsea Rentals is recognized as one of the global leaders within the industry. Supported by a dedicated team of experienced technicians and offshore engineers, Forum Subsea Rentals services both existing and new clients from key locations in Aberdeen, Great Yarmouth, Houston


China Marine Services: New Research & Markets Report

This new offering  'Marine Services in China' from Research and Markets covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. The Marine Services industry in China comprises establishments that provide a wide range of specialized marine and offshore services, including marine management, marine evaluation, marine and polar expeditions, marine weather forecasting, marine pollution control and other marine services


Sheen Named ICG Managing Director

Andrew Sheen (Photo: ICG)

Andrew Sheen has been appointed by the Irish Continental Group (ICG) to the position of Managing Director of its Irish Ferries division.    Sheen will assume his new role with effect from the beginning of April, reporting to ICG’s CEO, Eamonn Rothwell.   Operations Director since 2012, Sheen has been involved in shipping for over 26 years, 10 of them with Irish Ferries - first as a sea-going Chief Engineer and, since 2010, in shore-based operations roles


Green Signal for Sinotrans-China Merchants Merger

Photo: Sinotrans & CSC Holdings Co

 China's cabinet on Tuesday (Dec 29) approved a deal that fuses two of the country's biggest state-owned transport and logistics firms, reports Reuters.   China's cabinet has approved China Merchants Group's acquisition of Sinotrans & CSC Holdings Co, the state asset regulator said on Tuesday.   Previously directly supervised by the State-owned Assets Supervision and Administration Commission of the State Council (SASAC)


Hyundai Heavy Sails Back to Profit in Q1

Photo: Hyundai Heavy Industries

 Hyundai Heavy Industries (HHI) has posted a net profit of KRW462.3bn ($409.6m) for the first quarter of 2017, making it the fifth consecutive quarterly profit for the group.   This represents a surge of 90% from the previous corresponding quarter. However, sales fell 1.9 percent to 10


CFD Simulation of a Fully Featured Offshore Platform Model

(Photo: Hydrocean)

CFD simulations of offshore oil and gas platforms are used to predict the maximum wind loads acting on the structure of the platform topsides (the upper half of the platform, above sea level and outside the splash zone, including the oil production plant


Global Marine Group Keeping Busy in 2017

(Photo: Global Marine Group)

Offshore engineering firm the Global Marine Group (GMG) reported a busy first five months of 2017 with a strong outlook for the rest of the year. The company said all key assets from the GMG fleet are currently mobilized, either supporting maintenance zone agreements around the world


Offshore Gas Safety atop the Agenda for Martek Marine

Gas Sampling System (Photo: Martek Marine)

Maritime industry technology specialists Martek Marine say it is setting the bar high when it comes to offshore gas safety. The company has developed a first-of-its-kind gas sampling system for a new moored floating production unit, which forms part of the Jangkrik Complex gas fields development


DNV GL Launches New Stability Analysis Tool

Are Føllesdal Tjønn Photo DNV GL

With the latest release of Sesam HydroD software for floating structures, DNV GL is now offering a completely new and pioneering stability analysis solution that allows for hydrodynamic and stability analysis on one common model, giving naval and offshore engineers unprecedented control over their


DNV GL's Sesam GeniE Reduces Engineering Costs

Sesam GeniE - Coarse bracket model (Photo: DNV GL)

When warping analysis is required during design of certain types of beam offshore structures, it can involve many costly hours of manual calculations by senior engineers. With the new release of Sesam GeniE software, the most common methods of performing such analyses can be done automatically


Energy Doldrums Force Boskalis to Cut Fleet, Staff

Photo courtesy of Boskalis

Dutch offshore engineer Boskalis said it was cutting 650 jobs worldwide and culling 24 vessels in response to what it called drastic changes in the company's outlook caused by low energy and commodity prices.   The job cuts, including 150 Dutch employees


First ME-GIE Ethane Engine Unveiled at Mitsui

World’s first two-stroke low-speed triple fuel ME-GIE engine completed  at Mitsui’s Tamano Works (MAN Diesel & Turbo)

Mitsui Engineering & Shipbuilding Co., Ltd. (MES) has completed the world’s first ME-GIE ethane-operated two-stroke diesel engine. The engines will be for propulsion of three ethylene carriers, which will also carry ethane as cargo.  


6Sigma Named a HydroComp Representative

HydroComp, Inc. announced 6Sigma Naval Architects of Capetown, South Africa as its new representative.   6Sigma Naval Architects & Offshore Engineering Pty Ltd, Cape Town, South Africa was founded in 2012 based on the backing of exposure to the European market


Singapore Considering Financial Aid to Marine Sector

(File photo: Jill Friedman)

Singapore's minister of trade and industry S. Iswaran said the government is working in consultation with the marine and offshore engineering sectors, plus the region’s financial institutions, to review the possible need for measures to help them recover from the economic downturn


BV Helps to ‘de-risk’ Marine Renewable Energy Tech

Matthieu de Tugny, Senior Vice President, Offshore (Photo: Bureau Veritas)

Bureau Veritas has published a set of guidelines, NI 631 “Certification Scheme for Marine Renewable Energy Technologies”, addressing a broad spectrum of the needs of marine renewable energy (MRE) businesses and projects.   The certification scheme covers:


Swiber-Linked Vessels Seized in Singapore

Photo: Swiber Holdings Limited

 Three of of Swiber Holdings vessels had been seized in an arrest moved by a syndicate of banks, reports Business Times.   All three vessels were arrested at ASL Shipyard, the litigant in the arrest is United Overseas Bank (UOB), acting as security agent for the syndicate of banks that


Sri Lanka Approves $180 mln Vessel Deal for Colombo Dockyard

Sri Lanka's cabinet has approved the awarding of a $180 million deal for three offshore patrol vessels for the country's coast guard to Colombo Dockyard , a government document said on Wednesday. Colombo Dockyard has agreed to arrange a loan for the deal


Cosco Closing Down Yards

On Dec. 16th, 2016, the opening ceremony of COSCO Shipping Heavy Industry Co., Ltd. was held in Shanghai. Photo: China Cosco Shipping Group

 COSCO Shipping Heavy Industry Co is planning to cut the number of shipyards that are able to manufacture offshore engineering products from five to two by 2020, China Daily reported.   China's third largest shipbuilder by output makes this move as the company's latest effort to cut


Rolls-Royce Signs MoU to Develop Smart Ships

Photo courtesy of Rolls-Royce

Rolls-Royce and the Technology Center for Offshore and Marine, Singapore (TCOMS) have signed a Memorandum of Understanding to form a strategic partnership to develop smart ship technologies.    The partners will work on world leading research to develop fundamental technologies






 
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