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Global Shipbuilding to Turn Around in 2017: Castrol

Statistics:  Castrol Marine Trade Barometer

 Despite a marginal deterioration in the growth outlook for the global shipbuilding industry, annualized five-year growth rates for the sector are still forecast to reach a healthy 3 to 5%, before picking up substantially after 2017, says Castrol Marine Trade Barometer.   The Barometer predicts that growth will be driven largely by the Asia-Pacific region, but also Latin America and the Middle East. All European nations but the Netherlands face a downward trend until 2017.   Mandhir Singh, COO at Castrol, says, “The main growth in shipbuilding will come from AsiaPacific countries to 2019. These nations are well positioned to supply ultra-large vessels, which shipping companies are increasingly demanding for their fuel efficiency and economies of scale.   “Traditional shipbuilding nations, like Germany and the UK, will need to up their game if they’re to compete with the colossal shipyards and deep ports of the Asia-Pacific region,” Mandhir added.   The Marine Trade Barometer tracks the value of manufactured ship parts as a measure of the performance of the global shipbuilding industry. It also includes the Castrol Global Port Report, which scrutinises the performance of the 50 largest ports in the world by value.    The Marine Trade Barometer reflects the continued importance of the Asia-Pacific region to the global shipbuilding industry. Four of the top five leading traders in ship parts are from the area


USG to Sell 2 GTL Ships for $42m

North American building products company United States Gypsum Corporation (USG) announced that it has entered into agreements to sell two gypsum carrying ships.   The two ships, part of USG’s non-core shipping business, Gypsum Transportation Limited (GTL), will be sold for $42 million. The sales are expected to close in April 2015.   The announcement was made as part of USG’s 2015 Q1 report.


U.S. Labor Seeks Ban on Some Foreign Ship Parts

The Metal Trades Department of the AFL-CIO has sued the U.S. Coast Guard over allowing domestic shipyards to use preassembled foreign ship parts and engines, Ron Ault, president of the MTD, said on Tuesday. Preassembled ship parts require little or no assembly at U.S. shipyards, and cut the need for U.S. labor at these yards, he told Reuters in an interview. MTD, a trade department of the American federation of labor unions, coordinates negotiating


ClassNK's Structural Rules for Bulkers & Tankers

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  The Nippon Kaiji Kyokai (ClassNK) has announced the establishment of its “Common Structural Rules for Bulk Carriers and Oil Tanker” (Rules for the Survey and Construction of Steel Ships Part CSR-B&T) on 27 February 2015. These new technical rules were developed in response to adoption of the “Common Structural Rules for Bulk Carriers and Tankers” by IACS. The requirements in Part CSR-B&T apply to both bulk carriers 90 meters or longer and oil tankers 150


Wartsila Chosen to Supply "Bangkok-Max" Container Ships

Wärtsilä will supply the main engines for the first series of eight "Bangkok-max" container ships being built at the Guangzhou Wenchong Shipyard in China. The ships, ordered in June, will serve as feeder vessels in Asian waters. The scope of supply includes eight Wärtsilä RT-flex60C main engines, which will be built by a Wärtsilä licensee, Hudong Heavy Machinery (HHM), based in Shanghai


Big Ship Newbuildings: Global Order Update

Shipyard: File photo

Container ship newbuildings figure most active in the latest weekly news from Clarkson Hellas, with the majority of orders placed with China and Korea shipbuilders. Dry bulk carriers Clients of Diana Shipping reports Clarkson Hellas in its Weekly Bulletin have announced a further order for one 82,000 DWT Kamsarmax at Sinopacific’s Dayang facility. Based on the Sinopacific MHI 82 design, the vessel is planned for delivery in the second quarter of 2016.


New Standard for Vessel Underwater Noise

ISO 17208-1:2016, a new international standard for the measurement of underwater noise from ships, has been published by ISO. The full title of this standard is “Underwater acoustics – Quantities and procedures for description and measurement of underwater sound from ships – Part 1: Requirements for precision measurements in deep water used for comparison purposes”. The standard specifies the general measurement system, procedures


Crowley and Subsidiary TITAN Rub Shoulders in Houston

Costa salvage: Image courtesy of TITAN

Crowley Maritime Corp.’s solutions group, project logistics and global freight management team, and subsidiary TITAN Salvage have relocated to a shared, custom-designed office and warehouse facility in Houston. The new consolidated location at 15894 Diplomatic Plaza Drive is expected to foster company-wide synergies, expand TITAN and Crowley’s customer base and create new business opportunities among the three groups


Lloyd's Register Alert: New SOLAS Regulation II-1/8-1

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SOLAS Regulation II-1/8-1 has been amended and will require operational information to be provided to the master after a flooding casualty to assist with decisions regarding safe return to port.   The new requirement applies to passenger vessels over 120m in length or with three or more main vertical zones, constructed on or after 1 January, 2014. The operational information can be provided by onboard stability computers or through shore-based support arrangements, as follows.  


Port State Enforcement of ILO MLC: Free ICS Advisory Download

ILO IMC Guidance Brochure: Image courtesy of ICS

The International Chamber of Shipping (ICS) has issued advice to shipowners to help them pre-empt port state control problems when the Convention enters in force on 20 August 2013. The advice – contained in a brochure which can be downloaded free of charge via the ICS website – explains the measures that port state control officers are entitled to take, which initially will vary from country to country depending upon the date when the port state ratified the Convention.  


Australia Conducts Amphibious Task Group Drill

 Soldiers from 2nd Battalion, Royal Australian Regiment disembark a Landing Craft from HMAS Canberra during a major amphibious beach landing operation during Exercise Talisman Saber. Photo: Royal Australian Navy.

Australia’s amphibious capability was put to the test recently as the Amphibious Task Group Headquarters took charge of the largest amphibious assault conducted by an Australian force for 70 years as part of Exercise TALISMAN SABER.  


Oil Spill Response Workshop in Senegal

Photo:  International Maritime Organization (IMO)

 The use of oil spill dispersants, which can be used to break down an oil slick into smaller droplets as part of response efforts, is the subject of a workshop taking place in Dakar, Senegal (17-20 July).   Participants from 11 countries (Benin, the Congo, Côte d’Ivoire


Duke Receives Funding for New Research Vessel

 Duke University said it has received $11 million for the construction and operation of a new state-of-the-art vessel that will expand teaching and research capabilities at its marine lab.   The gift to the Nicholas School of the Environment from the Grainger Family Descendants Fund


IMO Addressing the Migrant Crisis

Image: International Maritime Organization (IMO)

 ‚ÄčThe loss of life of migrants at sea is a humanitarian tragedy that needs to be addressed through appropriate and effective action at the United Nations.    International Maritime Organization (IMO) recognizes the crucial role played by both Government and non-governmental


Mega Ship MOL Tribute Under BSM Management

MOL Tribute (Photo: MOL)

Bernhard Schulte Shipmanagement (BSM) has announced that the 20,146 TEU containership, MOL Tribute, came into full management of the Hong Kong Ship Management Center on July 10, 2017. Built by Samsung Heavy Industries in South Korea, MOL Tribute is 400 meters in length having a deadweight of 196


Two Frenchmen Investigated over 2002 Malaysia Submarines Deal

Two French former defence industry executives have been placed under preliminary investigation as part of a probe into the 2002 sale of submarines to Malaysia, an official in the French judiciary said on Wednesday.   The source said Philippe Japiot and Jean-Paul Perrier


Samsung Heavy to Cut Its Workforce

File Photo: Samsung Heavy Industries

 South Korea’s shipbuilder Samsung Heavy Industries (SHI) is looking to further cut its workforce,  and have employees return part of their salaries in order to cut costs, according to Yonhap News Agency.   SHI unveiled a self-restructuring program that centers on cutting


SS United States Thrown a Lifeline

SS United States sits out of commission in Philadelphia. (Photo: SS United States Conservancy)

Just days away from a verdict on its ultimate fate, the historic cruise liner SS United States has received a lifeline in the form of a $150,000 donation to a fundraising effort which aims to save “America’s flagship” and restore the storied vessel to its former glory.  


Z-Drive Collaboration on the Inland Waterways Expands

(Photo: ACBL)

American Commercial Barge Line’s leadership and early adoption of ZF Marine’s z-drive propulsion technology underscores a growing trend on the inland waterways.    American Commercial Barge Line (ACBL) has been around a long time – since 1915


Baltic Index Advances on Firm Capesize Demand

File Image (CREDIT: AdobeStock / (c) Lukasz Z)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Tuesday on stronger rates for capesize and panamax vessels.   The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels


Yang Ming to Float 500 mln Shares

Photo: Yang Ming Marine Transport

 The Taiwanese ocean carrier Yang Ming Marine Transport will make a public offering of 500 million shares as part of the company's ongoing recapitalization plan, the Taiwanese ocean carrier said in a statement .  It will offer the shares to existing shareholders


James Troop Celebrates 150th Anniversary

L-R Robert Pollock, Bob Troop and Derek Bate in Coburg Dock (Photo: James Troop)

Liverpool diesel-engine sales and maintenance specialists James Troop & Co is celebrating its landmark 150th anniversary with a surge in new business and export sales.   The family-run company based in Runcorn is one of Liverpool’s longest-standing maritime and industrial


Vancouver Shipyards Promotes Corr to VP

Jim Corr (Photo: Seaspan)

 Seaspan’s Vancouver Shipyards (VSY) has appointed Jim Corr as Vice President – Planning & Estimating.   Corr joined VSY in January 2017 as a consultant, and in June 2017 was promoted to Vice President, Planning & Estimating


Next Gen Maritime Workers Visits IMO

Photo: International Maritime Organization (IMO)

 Students from the International Association of Maritime Universities (IAMU) visited International Maritime Organization (IMO) Headquarters for their student forum (11-12 July).  Its theme was that of IMO’s World Maritime Day - “Connecting Ships, Ports and People”


HMAS Newcastle Visits India

Able Seaman Boatswains Mate Glen Cameron throws a heaving line from the forecastle of HMAS Newcastle in Kochi, India. Photo: Royal Australian Navy

 Making her way north to commence duties as part of Operation MANITOU, HMAS Newcastle made a port visit to Cochin, India, further strengthening relationships recently made on exercise off Fremantle.   As a continuation of Exercise AUSINDEX






 
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