Marine Link
Tuesday, January 16, 2018

Orders Increase

Mitsubishi Heavy Orders Increase in 2006

Mitsubishi Heavy Industries Ltd, said it has received orders for 23 vessels totaling 1.48m gross tons in 2006, up from 21 vessels weighing 1.08m gross tons a year earlier. On a deadweight tonnage basis, orders reached 1.20m tons this year, rising from 1.12m tons in 2005. There were five new ships ordered in Japan during the year, totaling 56,792 gross tons or 24,696 deadweight tons, compared to five vessels last year which reached 90,510 gross tons or 42,688 deadweight tons. Offshore orders for new vessels increased to 18, weighing 1.43 mln gross tons or 1.18 mln deadweight tons, from 16 in 2005 with a combined weight of 991,340 gross tons or 1.08 mln deadweight tons. Source: Forbes

Aker Yards Revenue Up 52 Percent

Aker Yards ASA reported a record high EBITDA $62m for the second quarter of 2006, an increase of 59 percent compared with the second quarter of 2005. The total order backlog was $9.8b at the end of the quarter, comprising 126 vessels. Aker Yards had revenues of $996m in the second quarter of 2006, an increase of 52 percent compared with $658m in the corresponding period of 2005. High activity in all three business areas and the acquisition of two yards in France contributed to the positive

Shipbuilding Prices Firm Up

International shipbuilders enjoyed a healthy year, with the main contributors being tankers and container vessels. Following upon these ordering activities, R.S. Platou saw shipbuilding prices firming up from the bottom level the previous year. Price for the tankers increased on average by 16 percent but the corresponding figure for container vessels was only 6.5 percent. Bulk prices showed a firming almost equal to that of tankers

Orders Increase For Marine Dosage Systems

Dosage system.JPG

Fuglesangs Ltd AS in Norway has seen an increase in demand for their dosage systems used on seagoing vessels. These systems are used by world-leading system builders (OEMs) and shipowners for several purposes, including ballast water treatment, fresh water treatment, exhaust gas cleaning, low sulphur fuel oil boosting and other. Various systems have been supplied to more than 20 ships and the orderbook is steadily increasing.

Containership Orders Increase

Containership orders are increasing at a dramatic rate, analysis from Braemar’s Seascope’s research division has revealed. Figures show that since the beginning of this year 52 containerships of 10,000TEU or larger have been ordered – compared to just 10 vessels from this sizeband for the whole of 2010 and zero of this size in 2009. This year’s containership orders add 765,000TEU to the post-panamax boxship orderbook

Strong Supply Growth Threatens Rosy Days for Tanker Owners

A surge in crude tanker vessel capacity over the next two years will lead to a fall in ship-owner earnings from current highs, according to the latest edition of the Tanker Forecaster, published by global shipping consultancy Drewry.   Rising capacity is being driven by anticipated tonnage demand growth in the dirty tanker market, which is expected to gather momentum once US shale oil production starts shrinking

Aker Kvaerner Releases First Quarter Results

Aker Kvaerner experienced a positive first quarter with an EBITDA of NOK 376 million, reflecting an increase by 20 percent compared to the corresponding quarter last year. The previously stated target of an annualised EBITDA of NOK 1.5 billion in the first half of 2005, was achieved in the first quarter. Few major contracts were announced in the first quarter, but a steady stream of orders resulted in a satisfactory order intake and brought the order backlog to a record-high level of NOK 37

Hyundai Heavy $600M Order for LNG Carriers

* Photo: Abdelkader, LNG Carrier Hyundai Heavy built and selected as one of the world’s best ships in 2010.

Hyundai Heavy Industries, the world’s largest shipbuilder, won a $600 million order to build two 155,000 m3 LNG carriers, including an option for another same class vessel, from Greece-based Dynagas Ltd. These membrane-type LNG carriers are due for delivery in the second half of 2013. They will feature the Dual Fuel Diesel Engine System which allows the ship to run on oil fuel or natural gas. Due to tightening global regulations on carbon emissions

Wärtsilä Interim Report

Stable Development in the fist half of 2013   Second Quarter Highlights: • Order intake decreased 11% to EUR 1,071 million (1,198) • Net sales increased 5% to EUR 1,152 million (1,099) • Book-to-bill 0.93 (1.09) • Operating result EUR 111 million, or 9.6% of net sales (EUR 113 million or 10.3%) • EBITA EUR 119 million, or 10.3% of net sales (EUR 123 million or 11.2%) • Earnings per share EUR 0.39 (0.38)

Scanty Ordering Bodes Well for Tanker Shipping - Drewry

Tanker newbuild orders (DWT) Image Drewry

Newbuilding orders of tanker ships have seen a sharp reduction, but the slowing trend needs to be sustained for the longer-term health of the market, according to the latest edition of the Tanker Forecaster, published by global shipping consultancy Drewry. After numerous orders in recent years, newbuilding activity in the tanker market declined sharply in the first quarter of 2016 as only 34 vessels (2.6 million dwt) were ordered during the period

Norsafe Enters the Cruise and Passenger Ferry Market

Photo: Norsafe

Lifeboat manufacturer Norsafe has developed a new partially enclosed lifeboat (PELB) for passenger vessels: the SOLAS compliant Minima 88, a compact 8.8m long boat with a width of 4.25m for 150 persons.   Norsafe said it has received an order from Chinese shipbuilder Xiamen Shipyard to provide six of its new Minima-88 lifeboats with compatible LHD-200 davits for Finland based operator Viking Line. The ferry newbuild is due to enter service in 2021 on routes across the Baltic Sea

Norwegian Space Center Orders Maritime Tracking Microsatellite

NorSat-3 concept (Courtesy of Space Flight Laboratory.)

The Space Flight Laboratory (SFL) at the University of Toronto Institute for Aerospace Studies (UTIAS) has announced that NorSat-3, a 15-kilogram microsatellite, has been ordered by the Norwegian Space Center, and that construction is well underway.  NorSat-3 follows from the highly successful NorSat-1 and NorSat-2 satellites also built by SFL.   NorSat-3 will carry an experimental navigation radar detector to augment ship detection capabilities from its Automatic Identification

Trac-Wheels Signs Contract for 10 Kalmar Tractors

 TL2 terminal tractor. Photo: Kalmar

 Kalmar, part of Cargotec, has signed a contract with  Malaysia-based supply and installation company Trac-Wheels (M) Sdn Bhd, for an order of ten units of Kalmar TL2 terminal tractor.    The order was booked into Cargotec's 2017 fourth quarter order intake and it is scheduled for delivery in the second quarter of 2018.    The Kalmar TL2 terminal tractor is specifically built for Asia-Pacific and was launched to the market in November

Record Numbers for the Port of Kiel

 Dr Dirk Claus MD Port of Kiel. Photo: Port of Kiel

 The Port of Kiel in Germany handled 7,407,376 tonnes of cargo in 2017 – a record that was 14.3% higher than the previous year.   "In 2017 Kiel again posted record handling while also passing the seven million ton mark for the first time. Overall, 7,407.376 tons were loaded or unloaded. That represents an increase of 14.3 % over the previous year and is the best annual result ever achieved by the port," said a press release from the company.  

Bulkers to Benefit as China Iron Ore Appetite Grows

Photo: © martinfredy/Adobe Stock

It has been quite awhile since the global bulk carrier market has had much to cheer about, but U.S. dry bulk shippers are set to post strong revenue growth in the next two years thanks to soaring Chinese demand for high-grade iron ore from Brazil and Australia. To combat severe winter smog, China has slashed iron ore output, pushing steel mills in the world's second biggest economy to import more high-grade ore.  

BSEE Proposes to Ease Offshore Drilling Safety Rules

Image: Bureau of Safety and Environmental Enforcement (BSEE)

 In response to a Presidential Order to reduce undue burden on industry, the Bureau of Safety and Environmental Enforcement (BSEE) completed a comprehensive review of the Production Safety Systems regulations.    The proposed regulations will be published Friday in the Federal Register.  The announcement describes the proposed revisions and invites public comment on the proposal.   “I am confident that this revision of the Production Safety Systems Rule moves

South Korean Shipyards Aim More Orders

Phto: Samsung Heavy Industries

 South Korean shipyards have sharply raised their order targets for next year on expectations that the shipbuilding sector will improve, Yonhap reported.   The country's three major shipyards - Samsung Heavy Industries (SHI), Daewoo Shipbuilding & Marine Engineering (DSME),  and Hyundai Heavy Industries (HHI) - are looking at improving business conditions  on the back of a recovery in the global economy and stable oil prices.  

Hyundai Heavy Sets 2018 Sales Target $7.5 billion

Photo: Hyundai Heavy Industries

 South Korea's leading shipbuilder Hyundai Heavy Industries (HHI) aims to achieve 7.98 trillion won ($7.5 billion) in sales this year as its president warned of an unprecedented crisis due to declining order backlogs, reports Yonhap.   The report quoted President and CEO Kang Hwan-goo saying: "This year, we could face a grave situation that we have never gone through before." He warned that Hyundai Heavy could face difficulties due to dwindling order backlogs and building

Irish Ferries Orders New Ship for Dublin-Holyhead Route

Irish Continental Group plc (ICG) said it has ordered a new cruise ferry set to be the world’s largest in terms of vehicle capacity, due for delivery in 2020.   The new €165.2 million ($199.4 million) cruise ferry is being built by German shipbuilder Flensburger Schiffbau-Gesselschaft & Co.KG (FSG), specifically for Irish Ferries’ Dublin - Holyhead services. It is expected to replace the schedule of the MV Ulysses

Trump Aims to Open Nearly All US Offshore to Oil Drilling

© wanfahmy / Adobe Stock

The Trump administration on Thursday proposed opening nearly all U.S. offshore waters to oil and gas drilling, a move aimed at boosting domestic energy production that sparked protests from coastal states, environmentalists and the tourism industry.   The effort to open previously off-limits acreage in the Atlantic, Arctic and Pacific oceans comes less than eight years after BP Plc's Deepwater Horizon oil spill in the Gulf of Mexico - the largest in American history

Record Volume for Viking Line in 2017

Photo: Viking Line

 The total number of passengers who travelled with Viking Line in 2017 was 6,881,149 (6,502,191) or nearly 6 per cent more than in 2016. That figure is the highest in Viking Line’s history.    The number of cargo units was 127,668 (131,918) while the number of passenger cars was 762,253 (682,194). The Group also set an all-time record for passenger cars. The greatest increase in passenger volumes was on the Helsinki–Tallinn route

Op/Ed: DPP a Benchmark Toward US Energy Dominance

© kesterhu / Adobe Stock

National Ocean Industries Association (NOIA) president Randall Luthi comments on the U.S. Department of the Interior’s (DOI) 2019-2024 National Offshore Oil and Gas Leasing Draft Proposed Program, which seeks to open nearly all U.S. offshore waters to oil and gas drilling.   With 94 percent of our nation’s outer continental shelf (OCS) currently and unnecessarily off limits to oil and gas leasing and exploration

Korea to be Shipbuilding Leader Again: President

President Moon Jae-in (left) smiles as he receives a model of the icebreaker LNG carrier tanker `Vladimir Rusanov` from Daewoo Shipbuilding and Marine Engineering CEO Jung Sung-leep, at Daewoo`s Okpo Shipyard in Geoje, Gyeongsangnam-do Province, on Jan. 3. Photo:  Office of the President

 South Korean President Moon Jae-in stated that the technological prowess and competitiveness of Korean shipbuilders, assuring them that, “Korea can become a global shipbuilding leader once again.”    President Moon was visiting Daewoo Shipbuilding and Marine Engineering`s Okpo Shipyard in Geoje, Gyeongsangnam-do Province, to inspect the shipbuilding yard of an icebreaker arctic liquefied natural gas (LNG) tanker.  

CEMEX UK Orders Dredger from Damen

Damen Marine Aggregate Dredger (Image: Damen)

CEMEX UK Marine Limited has placed an order for the first Damen Marine Aggregate Dredger (MAD). The vessel, which will be built at Damen Shipyards Galati, in Romania, is designed to extract sand and gravel from the sea bed up to depths of 55 meters, including in the challenging conditions experienced in the North Sea.   Damen said the MAD is the result of extensive market research and customer consultation. A new

Record West African Oil Liftings, Most Sailing East

File Image (CREDIT: AdobeStock / (c) Jose Gill)

Total WAF loadings for Asia hit record.   Shipments of West African oil to China are set to surge to a record in January, boosting overall fixtures heading east to their highest in at least 14 years, a Reuters survey of shipping fixtures and traders showed on Wednesday.   China's loadings are expected to jump by more than 20 percent from December to more than 1.5 million barrels per day (bpd) in January, the survey showed.   

Maritime Reporter Magazine Cover Dec 2017 - The Great Ships of 2017

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