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Samsung Heavy Industries, DNV GL Partner for LNG Carrier Design

At the signing (L to R): Tommy Bjørnsen, Regional Manager Korea & Japan, DNV GL – Maritime, Mun-Keun Ha, Senior Executive Vice President, SHI, and Remi Eriksen, DNV GL Group President & CEO. (Photo: DNG GL)

 DNV GL and Samsung Heavy Industries. Co., Ltd (SHI) signed a joint development project (JDP) agreement focused on the development of new LNG carrier designs. Mun-Keun Ha, Senior Executive Vice President of SHI, and Tommy Bjørnsen, DNV GL’s Regional Manager Maritime Korea & Japan, signed the agreement at the DNV GL Group head office in Høvik, during Nor-Shipping week. The JDP aims to develop two 30K LNG carrier designs, one with membrane type LNG tanks and one with type-C (pressurized) LNG tanks. The scope of the JDP covers the design review, safety analysis, market research, various structural and safety evaluations, and if successful will culminate in the award of an Approval in Principle (AiP) from DNV GL. The idea for a 30K LNG carrier originates from SHI's own research. SHI decided to develop both membrane and type C designs in parallel to give owners more options and expects that some owners may opt for type-C tanks on smaller tonnage, as is common in LNG bunkering vessels.


USCG Researches New Offshore Patrol Cutter

The U.S. Coast Guard is continuing to conduct market research for the Offshore Patrol Cutter acquisition. The Coast Guard invites U. S. shipyards to participate in one on one meetings with the OPC Project (FAR 15.201(c)(4)). At this time, the Coast Guard is interested in meeting with U.S. shipyards that have the organic capability to construct a cutter of the OPC’s size and complexity. These meetings will be held in Washington, DC, and are tentatively planned to begin in mid-August


New GL Garrad Hassan Representative in India

GL Garrad Hassan has appointed Mr Rajsekhar Budhavarapu as the new Country Manager of GL Garrad Hassan India. Mr Budhavarapu will be based in Bangalore, India and will develop local services and support for designers, manufacturers, developers and investors of renewable energy projects. Budhavarapu has 19 years of experience providing technical, operational and strategic leadership for the renewable energy industry. Before joining GL Garrad Hassan he worked for TERI


Intercontinental Oil Trade Likely to Increase Says New Report

New market research report on the oil tanker market 2012 – 2022 available from 'Reportlinker' Information contained is as follows: Global oil trade is very much dependent on oil tankers for the transportation of crude oil as well as refined petroleum products. In the last quarter of 2011 oil demand fell for the first time since 2008/2009. With a stronger outlook for the global economy over the forecast period, Visiongain expects oil demand growth will increase.  


Small Scale LNG Market to Grow at 2.5% to 2022

Photo: Engie SA

 The Global Small Scale LNG Market is expected to grow over the CAGR of around 2.5% during the period 2014 to 2022, says a report by Market Research Future.   The growth of the Small Scale LNG Market is majorly driven by increased demand for energy in the Asia-Pacific region. The government initiatives that focus on providing cleaner fuel, is driving the market, especially in countries such as India and China.   


Cargo Shipping Market to Grow at 3.45% to 2023

Photo: Maersk Group

 Global Cargo Shipping Market is expected to grow around 3.45% CAGR during the period 2017 to 2023, says a report by Market Research Future.   In recent years, Global Cargo Shipping Market has advanced rather productively. While, increasing number of countries forging of free trade agreements like ASEAN Free Trade Area (AFTA), Trans-Pacific Strategic Economic Partnership (TPSEP) and North American Free Trade Agreement (NAFTA) will boost the growth of cargo shipping market further


Thrustmaster Announces Personnel Additions

Thrustmaster of Texas, Inc., one of the world’s leading manufacturers of marine propulsion systems, announces new personnel additions. Jeff Miller, who joins the company as marketing manager, has over 25 years in marketing communications, including 15 in the oil and gas, manufacturing, and offshore sectors. Miller will be responsible for market research, advertising, public relations, and all other marketing-related activities for Thrustmaster


Dry Bulk Carrier Segment Revival Seen by Analyst

Frontispiece of report: Image courtesy of Newport Shipping

Freight rates are set to rise across all dry bulk carrier segments as the global economic recovery gains momentum, ending the sector’s most bearish run since the start of the economic crisis in 2008/2009, according to Newport Shipping’s 'Dry Bulk Market Outlook 2014 Q2'. Seaborne trade in bulk commodities is expected to pick up after almost two years of slow to moderate economic growth to almost 9% this year


Dun & Bradstreet Take Christy on Board

Cindy Christy

  Dun & Bradstreet nnounced today the appointment of Cindy Christy, president and chief operating officer of Asurion Corporation, to the company's Board of Directors, effective immediately. In this role, Christy will share her broad experience and functional expertise with management in the areas of product development, operations, compliance, market research, management, strategy, and sales. "Cindy is a highly accomplished leader who excels in product strategy and


Ace Targets Inland Waterways

Overhead crane and hoist manufacturer Ace World Companies has made its first appearance at the Inland Marine Expo, which took place for the third time this May at America’s Center Convention Complex in St. Louis, Missouri, on the banks of the Mississippi River.   The expo is the annual trade show for the inland and intracoastal marine transportation industry, which is a target market for the manufacturer and its recently acquired business, Pullift Corporation


Offshore Supply Vessel Market to Grow 6% by 2021

Photo: BOURBON

The global offshore supply vessel market is forecasted to grow at a CAGR of 6.03 percent during 2016 – 2021, according to Azoth Analytics research report.   The growth in offshore supply vessels is expectect to be driven by rise in demand for oil and gas globally


IMO 2020: The Future of Fuel

Shell’s gas-to-liquid (GTL) Technology is used to produce high-performance lubricants: pictured is the company’s production facility in Qatar. (Photo: Shell)

IMO 2020 sulfur cap: lube producers take a pragmatic approach   There has been little reaction by way of statements or position papers from marine fuel lubricant manufacturers to the IMO MEPC70 proposals for a global fuel sulfur content cap of 0


Qatargas to Supply LNG to Shell

Photo: Qatargas Operating Company Limited

 Qatargas and Shell have signed a memorandum of understanding (MOU) that will lead to the two companies jointly researching liquefied natural gas (LNG) logistics.  Through this joint logistics research collaboration, Qatargas and Shell aim to develop new ways to optimize supply chains


Fincantieri, Mapei Enter R&D Partnership

Shipbuilder Fincantieri said it has partnered with Mapei, a producer of adhesives and chemical products for the construction sector with a business line of shipbuilding industry products, in the field of research and innovation.   According to Fincantieri


TRIYARDS Post 17% Revenue Growth

Photo TRIYARDS

 Turnover increased 17% in 1QFY17 driven by contributions across its diverse range of product offerings  Difficult market conditions and different mix of products has led to compressed margins  Successful diversification of product range and client base while maintaining excellent quality


Yacht Charter Market to Cross USD 50bln by 2020

Image: RYA - Royal Yachting Association

 Yacht charter market is set to grow at a compound annual growth rate (CAGR) of 6.5% through 2020, says Future Market Insights in its research report.   Yacht charter market revenues were estimated at US$ 37 billion in 2015, and by 2020


LNG Imports in Turkey Projected to Reach 9 MMT by 2025

Pic: EGE GAZ A.S.

 Rising demand from industrial sector, growing use for power generation and declining average landed prices to drive demand for LNG in Turkey through 2025, says TechSci Research report on Turkey LNG Market. LNG Imports in the country is projected to surpass 9 MMT by 2025


Egypt LNG Market to Reach 4.5 MMT by 2025

Image: Egyptian LNG

 LNG market in Egypt is projected to surpass 4.5 MMT by 2025, due to rising demand from power and industrial sectors in the country, says TechSci Research report.   Production of dry natural gas in Egypt declined at a CAGR of 7.17% during 2011-2015


Singapore LNG Market to Grow at 10.39% Through 2025

Photo: Singapore LNG Corporation Pte Ltd

 The market for LNG in Singapore is projected to grow at a CAGR 10.39% during 2016-2025, due to the push from Singapore government towards adoption of cleaner energy sources, capacity addition of natural gas / LNG based power plants and emergence of Singapore as a regional trading hub for LNG


Drewry Launches Credit Research Services

APMA CMA CGM HL Bond Map

 Drewry Financial Research Services Ltd., the investment research arm of global shipping consultancy Drewry, launched  a new credit research service on the global maritime sector. Through this extension to its established maritime equity research offering Drewry is now able to provide


Drewry Launches Credit Research Services for Maritime Sector

Image: Drewry Shipping Consultants Limited

 Drewry Financial Research Services Ltd., the investment research arm of global shipping consultancy Drewry, is pleased to announce the launch of a new credit research service on the global maritime sector.   Through this extension to its established maritime equity research offering


Marine Propulsion Market Poised for Growth -Report

Photo: MAN Diesel & Turbo

The marine propulsion engine market was valued at $9 billion in 2015 and is projected to reach $12 billion by 2022, growing at a CAGR of 4.1 percent from 2016 to 2022, according to a new report published by Allied Market Research. Diesel propulsion system segment is expected to maintain its


Marine News Boat of the Month: February 2017

Image: Damen

Damen’s All New Marine Aggregate Dredger   Damen Shipyards Group recently unveiled a new line of Trailing Suction Hopper Dredgers (TSHD). The new product range, comprising of the Marine Aggregate Dredger (MAD) 4000 and 5600 vessels


Rolls-Royce Plots Further Ship Intelligence R&D

Image: Rolls-Royce

 Rolls-Royce has announced the latest stage in its research and development plans to make remote and autonomous shipping a reality and reap the benefits of increasing digitalization in the marine industry.   The company said it is looking to develop partnerships and opportunities with


Marine Coatings Evolve for the Better

High performance underwater hull coatings are always in demand, driven by continuous pressure to reduce operational fuel costs while staying environmentally compliant. (Photo: Sherwin Williams)

Innovation and new technology continue to shape the marine coatings market. A narrowing field of global coatings manufacturers offer new products while improving existing ones to meet customer demand. Ultimately, customer demand, along with environmental compliance pressures are all driving the






 
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