Marine Link
Tuesday, November 21, 2017

Businesses Including Car Carriers News

Tomini Places Order for 3 Kamsarmaxes

Photo: Tomini Shipping

UAE-based Tomini Shipping has increased its fleet size further with an order for three Kamsarmaxes. The 82,000 DWT ships are being built by Taizhou Kouan Shipbuilding Co, a successful private shipyard in China with over 40 years of shipbuilding experience. The vessels are scheduled for delivery from the second half of 2019 onwards and follow the company’s order earlier this year for three newbuilding bulk carriers from another prominent Chinese shipyard. This latest deal underlines Tomini Shipping’s comprehensive fleet renewal strategy with the latest in quality…

Teekay LNG Partners Launches New Multigas Pool

Teekay LNG Partners L.P. launched a new in-house commercial management for ethylene-capable liquefied petroleum gas (LPG) and small-scale liquefied natural gas (LNG) vessels. The Teekay Multigas Pool is expected to reach at least 12 vessels by the end of 2017, including third-party vessels, as well as the partnership’s seven directly-owned ethylene-capable LPG carriers, some of which are also capable of small-scale LNG shipping, from I.M Skaugen’s Norgas Carriers Pool. “This is the right time for Teekay LNG to bring commercial management of our seven ethylene-capable LPG carrier fleet in-house,” said Mark Kremin, President and CEO of Teekay Gas Group Ltd.

Sinotrans Shipping in the Red

Photo: Sinotrans Shipping

Sinotrans Shipping slid back into the red for the first half of 2015, turning to a $18.3m loss from a small $2.3m profit in the previous corresponding period. The dry bulk and container shipping arm of Chinese state-owned Sinotrans & CSC Group continues to feel the pain of low rates. The  company is now considering diversifying its shipping business. Revenue of the Hong Kong-listed  company dropped 19% year on year (y/y) to $485.1 million , a stock filing of Sinotrans Shipping said on 14 August.

Norwegian Car Carriers to Buy Two from Hyundai Samho

Image: Norwegian Car Carriers

Oslo-listed Norwegian Car Carriers (NOCC) has signed a contract with Hyundai Samho Heavy Industries for the construction of two 6500 ceu Pure Car Truck Carrier (OCTCs). Delivery from the South Korean shipyard is scheduled for between the fourth quarter 2016 and first quarter 2017, and there is an option included for two additional vessels. NOCC’s strategy is to grow its business as a tonnage provider serving the global car carrier operators, says a company statement. The company currently has 10 car carriers in its fleet ranging between 4,000-7,000 ceu.

“K” Line Group to Implement “K” Line Wind program

Photo: Kawasaki Kisen Kaisha

“K” Line Group (Kawasaki Kisen Kaisha)  taking steps to improve our corporate culture and climate through the “K”-no-Kaze” (“K” Line Wind) program. Additionally, it is prepared a long-term policy for environmental conservation—called “Environmental Vision 2050”—to fulfill its responsibility to minimize our impact on the global environment. Early next month, DRIVE GREEN PROJECT, construction of a car carrier equipped with state-of-the-art technologies and designed to achieve the highest level of energy savings and environment-friendliness, is scheduled to be completed.

Metal Trades Delivers Construction Barge

Photo courtesy of Metal Trades

Shipbuilder and Heavy Steel Fabricator Metal Trades, Inc., located on Yonges Island, SC has announced the launch of its largest ever built new construction barge. This barge is 370’ x 59’ x 14’. It is designed to hold a total of 18- 60 foot rail cars capable of carrying cargo for up to 2298 Long Tons for New York New Jersey Rail, LLC (NYNJR), a short line railroad and wholly-owned entity of the Port Authority of New York and New Jersey. Metal Trades, Inc. is contracted to build a total of two of these barges and the first of these barges is to be delivered next week.

Höegh Autoliners Takes Delivery of New Vessels

Höegh Autolines took delivery of two new Pure Car Truck Carriers in January. Seven new vessels will add capacity to Höegh Autoliners' fleet in 2007. Höegh Delhi, a Pure Car Truck Carrier was delivered from Uljanik Shipyard in Croatia on January 25. The vessel will be chartered long term by Höegh Autoliners who also own 49.5 percent in the vessel. Höegh Delhi is one of the largest car carriers built with a deck area of 59.000 square meters that can accommodate up to 7,000 car units. Höegh Shanghai, the 7th Pure Car Truck Carrier in the series from Daewoo Shipbuilding and Marine Engineering (DSME) Shipyard was delivered on 16 January. The vessel has a car deck area of 54,000 m2, which can accommodate 6,100 standard car units.

Car Carrier Market Emerges Strong

The Carrier Car industry has emerged from the global recession with what looks like limited damage compared with the head-on collision others experienced. Drewry believes that this sector, with its small orderbook, is better positioned than most others in the shipping industry, who suffer from large newbuilding orderbooks, to weather a double-dip recession. The downturn hurt car-carrying vessels, with capacity utilisation falling significantly. Operators are now less likely to charter tonnage for long periods, instead placing an emphasis on full employment of owned tonnage. With limited numbers of newbuild vessels coming into service, increased demand is easier to meet and an excess of new capacity is not going to blight operators, if the economy retrenches.

MOL Launches Car Carrier Brand MOL ACE

Emerald Ace (Photo: MOL)

Tapping into one of its major business fields, Mitsui O.S.K. Lines, Ltd. (MOL) has established MOL Auto Carrier Express (MOL ACE) as global brand in the car carrier service. MOL will start to use MOL ACE beginning July 1. MOL’s carrier service network includes offices and agencies in approximately 140 nations around the world, and the MOL Group operates about 120 car carriers that transport automobiles, buses and trucks  as well as other large cargos such as machinery and trailers used in construction.

TTS Wins Two Contracts

Sweden’s TTS Ships Equipment AB, Gothenburg, part of Norway’s TTS Marine ASA has landed two contracts for delivery of ships equipment for a total of four car carriers. This confirms TTS’ leading position in the supply of cargo access equipment to the car carrier newbuilding industry. The contract with South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) in Korea (Leif Hoegh A/S) and Croatia’s Uljanik Ship Yard, Pula (Ray Shipping) involves deliveries to two car carriers each. The deliveries include construction and supply of key components to the RoRo access systems including internal car decks and ramps, as well as stern ramps for the loading and discharge of vehicles. The delivery of the equipment is scheduled for the end of 2007.

Japan's First Post-Panamax PCC Delivered

'Aries Leader': Image NYK

NYK says it has taken delivery of the new high-tech pure car carrier (PCC), 'Aries Leader', built by Shin Kurushima Dockyard Co. Ltd. With a capacity of 7,000 units, the new carrier includes the latest energy-saving technology including a hull air-lubrication system and a hybrid turbocharger — both of which, says NYK have been installed on a car carrier for the first time — in addition to an electronically controlled engine and the use of water-emulsified boiler fuel. NYK adds that the hulls of its pure car carriers have traditionally been painted aurora blue…

RORO Ops by NYK for Ford Plants in India

NYK to Provide Complete Outbound Logistics of Finished Vehicles for both Ford Plants in India

In 2011, NYK Auto Logistics (India) Pvt. Ltd.(NALI)* was awarded a contract by Ford India for RORO terminal services of finished cars at Chennai and Ennore Port. Based on the service quality, in 2015, NALI and Ford India extended the scope of services to cover Chennai plant stockyard management and inland transportation from plant to Chennai and Ennore ports. With this new scope of business, NALI can provid complete outbound logistics of finished vehicles for the Ford plant in Chennai.

Korean Shipyard Wins Auto Marine Transport PCTC Orders

Auto Marine Transport contracts Samjin Shipbuilding Industries Korea (Samjin) to build a series of pure car & truck carriers (PCTC's). Auto Marine Transport, a tonnage provider created with the assistance of Siem Car Carriers, sign an intiial agreement with the shipyard to build eight energy efficient pure car and truck carrier (PCTC) vessels capable of carrying 6700 CEU (car equivalent units) and is made up of two firm orders and options for a further six vessels. Simon Stevens, Chairman of Siem Car Carriers, said
“We are very pleased to have played a part in helping to establish Auto Marine Transport as the tonnage provider to access the energy-efficient PCTC market.

Giga Maritime Group Expands to Hone Competitive Edge

Automotive shipping and logistics provider Giga Maritime Group (GMG) has announced plans to invest in new IT infrastructure, the expansion and replacement of fleets, assets and vehicles as well as developing new car terminals, in an effort to hone the group's competitive edge and meet the demands of Malaysia's growing automotive industry. Datuk Kumar Prabakaran, the managing director of GMG companies Giga Shipping Sdn Bhd and Nexus Mega Carriers Sdn Bhd, said these investments are vital in order for the group to meet growth demands following the National Automotive Policy (NAP) announcement earlier this year. Malaysia aims to increase its total production of 1.25 million vehicles and boost annual exports to 250,000 units by the year 2020.

'K' Line: Change of Executive Officers

Image: Kawasaki Kisen Kaisha, Ltd.

Kawasaki Kisen Kaisha Ltd (“K” Line) announced changes to executive officers. “K” Line has promoted Senior Managing Executive Officer Kazutaka Imaizumi to the position of chairman of “K” Line India Private Ltd., Executive Officer Aka Hiraoka to counselor of “K” Line Logistics Ltd., and Executive Officer Tomoyuki Okawa to chief executive officer of “K” Line Offshore AS. Tomoyuki Okawa will provide assistance to Energy Transportation Business, in charge of Tankers, General Manager of Energy & Off-Shore Business Planning Group. Tomoyuki Okawa has joined “K” Line in 1983.

Wilhelmsen and Wallenius to Merge

Courtesy Wilhelmsen

Wilhelmsen and Wallenius have signed a letter of intent to establish a new ownership structure for their jointly owned investments. The new entity, Wallenius Wilhelmsen Logistics ASA, will form a more efficient management structure and enable further synergies between the joint ventures. “The markets in which the jointly owned entities operate are going through rapid change and require a more agile and efficient business model. In addition to establishing a common owner and governance structure…

Japan Shipyard Launches Ship, Shuts Shop

The christening and launch of a car carrier, named the EMERALD ACE, took place today at the Kobe Shipyard & Machinery Works of Mitsubishi Heavy Industries, Ltd. (MHI), for delivery to Mitsui O.S.K. Lines, Ltd. The ship represents the last commercial vessel to be built at the Kobe Shipyard in consequence of ongoing reorganization of MHI's production structure in the company's Shipbuilding & Ocean Development business segment. Delivery of the vessel to owners is slated for late June. The EMERALD ACE, hull No.1296 built at the Kobe Shipyard, measures about 200 meters (m) in overall length, 32.26 m in breadth and 34.52 m in depth.

Wärtsilä Orders Propulsion Systems

Wärtsilä Corporation is gaining an increasing volume of business from Vietnam for ship propulsion systems. The latest contract to be awarded in April by Vietnam Shipbuilding Industry Corporation (Vinashin) is for propulsion systems to be installed in five chemical tankers to be built for Iason Hellenic Shipping Co Ltd, Greece, at the Pha Rung shipyard in Haiphong. The equipment will be delivered during 2008-2010. Each vessel will be equipped by Wärtsilä with a five-bladed fixed-pitch propeller of 4.30m diameter, shafting, stern-tube including seals and bearings and an intermediate shaft bearing. A greater scope of supply will be delivered by Wärtsilä to Vinashin for eight car carriers to be built for Ray Car Carriers Ltd, Israel.

Daewoo Shipbuilding Wins Orders Worth $600m

Daewoo Shipbuilding & Marine Engineering Co., has won three orders worth a combined $600m to build six ships for three companies in Russia, Africa and Europe. Daewoo Shipbuilding & Marine Engineering will construct two crude oil carriers for Sovcomflot Group, Russia's largest shipping company, two tankers for a company in Liberia and two car carriers for Leif Hoegh & Co., a Norwegian shipper. The ships will be delivered to the companies by January 2011. Source: Business in Asia Today

Cochin Port Begins Coastal Shipping of Cars

M V Dresden. Photo:  Wilhelmsen Marine Personnel (Ukraine)

Cochin Port, one of the top 12 major ports in the country, has begun coastal transportation of cars, with carrier ship M V Dresden carrying 500 vehicles reached with first consignment. The first call of a Car Carrier ship, M. V. Dresden wad scheduled at Cochin Port  yesterday evening (September 26, 2016). The ship is a foreign carrier of Cyprus registration, which has obtained license for coastal run between the ports in India, and is of 177 m length and 7 m draft. The Car Carrier has the circuit of Ennore-Cochin-Kandla-Cochin-Ennore…

Hamburg Süd, CCNI Ink Sale and Purchase Deal

CCNI Arica (Photo courtesy of CCNI)

Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft KG (Hamburg Süd) has signed a sale and purchase agreement to acquire the container liner activities of Compañía Chilena de Navegación Interoceánica S.A. (CCNI) including the related general agency functions of Agunsa Agencias Universales S.A, (Agunsa), with headquarters in Valparaiso and Santiago de Chile. The take-over of the CCNI / Agunsa business is, subject to approval by the competent antitrust authorities, scheduled to become effective at the end of March 2015.

MHI Receives Order for NYK Line

Pure car and truck carrier delivered by MHI to NYK Line

Designed to Achieve 30% Reduction in Fuel Consumption Per Car. Mitsubishi Heavy Industries, Ltd. (MHI), jointly with Imabari Shipbuilding Co., Ltd., has received an order to build two next-generation pure car and truck carriers (PCTC) for Nippon Yusen Kabushiki Kaisha (NYK Line). Formal contract signing will take place soon. In building the two vessels, MHI will provide Imabari with design information on PCTC incorporating advanced ship technologies, including installation of various devices and systems to reduce environmental burdens, such as the Mitsubishi Air Lubrication System (MALS).

Norwegian Car Carrier Charter Fixed

NOCC Caspian: Photo credit Norwegian Car Carriers

Norwegian Car Carriers ASA announce a new time charter contract for their 'NOCC Caspian'. The company's 100% owned car carrier NOCC Caspian's charter is for a duration of about 12 months with commencement in early December 2012. The concluded time charter rate is higher than the rate on the current charter and will generate an EBITDA of about NOK 13.5 million during the twelve months charter period. Norwegian Car Carriers ASA has a fleet of 13 vessels for the transportation of cars and other rolling cargoes.  

Maritime Reporter Magazine Cover Nov 2017 - The Workboat Edition

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