Daewoo Wins Aggelikousis Order for 3 Ships
South Korean shipbuilding major Daewoo Shipbuilding & Marine Engineering Co (DSME) said that it has secured a US$380 million order to build three vessels from Angelicoussis Shipping Group (ASGL), the Greek provider of marine shipping services.DSME will build a liquefied natural gas (LNG) carrier for Maran Gas Maritime Inc. and two very large crude carriers (VLCCs) for Maran Tankers Management Inc.Maran Gas Maritime and Maran Tankers Management are subsidiaries of Angelicoussis Shipping Group.According to a report in Yonhap…
GTT LNG Carrier Orders at Record Highs
Gaztransport & Technigaz (GTT), a company specialised in the design of membrane containment systems for maritime transportation and storage of liquefied gas, said its business activity was marked by a number of successes during the first nine months of 2019, particularly in the field of LNG carriers.In addition to the 26 orders for LNG carriers booked during the first half of the year, there were an additional 14 bookings in the third quarter of 2019, i.e. a total of 40 LNG carrier orders during the first nine months of 2019.GTT's core business activity is…
GTT Reports Strong H1 Order Book
French liquefied natural gas (LNG) containment system specialist GTT has posted a strong first-half order intake at the end of June corresponded to revenues of 713 million euros over the 2019-2022 period in its core business, which excludes LNG vessel propulsion systems and related services.The order book at the end of June had increased 27.4% year-on-year to 107 units. GTT said in its half-year report that “almost all” of its customers come from Asia, the world’s top LNG consumer.During the first half of 2019…
DSME Wins LNG Ship Order from Maran Gas
South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co (DSME) said that it has won a deal to build a liquefied natural gas (LNG) carrier from Maran Gas Maritime (MGM).The affiliate of Greece’s largest shipper, Angelicoussis Shipping Group ordered the 174,000 cbm unit on June 12.According to Yonhap, The vessel will be built at Geoje Okpo Shipyard and is scheduled for delivery by the first half of 2022.The Korean shipbuilder said that Maran Gas Maritime is one of its…
"Big Three" Korean Yards Vie for Qatari LNG Ships
The state-run Qatar Petroleum (QP) has revealed plans to order 60 new LNG carriers preferably from South Korean shipyards. Qatar's energy minister, Saad Sherida Al-Kaabi, who is also CEO of Qatar Petroleum, said the company plans to order 60 new LNG carriers.QP has sent invitations to tender reserve shipbuilding capacity for LNG carriers to major shipbuilders across the world, including HHI, DSME and SHI.Most LNG carriers owned by Qatar were built by Korea’s top three shipbuilders…
SHI Wins $190mln Order for LNG Carrier
South Korean shipbuilder Samsung Heavy Industries (SHI) revealed today (May 3, 2019) that it receives an order for a LNG carrier worth about KRW 222bn (US$190 million).SHI will deliver the vessel by March 2022, the company said in a stock exchange announcement.SHI's new order total for 2019 now stands at 8 LNGC, 1 FPSO and 2.6 billion USD. For the year, the shipyard aims to bag $7.8 billion worth of deals.According to Yonhap, Samsung has clinched deals to build eight out of 16 LNG carrier orders placed around the globe.Samsung Heavy secured $6 billion worth of new orders last year…
GTT's Vessel Order Book Hit Record
French technology company Gaztransport & Technigaz (GTT) announced that with 14 orders for LNG carriers booked in the first quarter of 2019, its main business activity is at an all-time high."The LNG carriers will all be equipped with recent GTT technologies (Mark III Flex+, Mark III Flex and NO96 GW). They will be delivered between the end of 2020 and the end of 2021," the company, which is active in the field of cryogenics and storage of liquefied gases, said.In March 2019,…
South Korean Shipbuilding No.1 Again
South Korea’s shipbuilding industry reclaimed the title of world’s biggest shipbuilder (in terms of orders volume) in 2018 for the first time in six years, since it had conceded No.1 spot to China in 2012.The global orders of Korean shipbuilders stood at 12.6 million compensated gross tonnage (CGT) last year, accounting for 44.2 percent of the total orders, according to Clarkson Research, shipbuilding and marine analysis agency in the U.K. The orders of Chinese shipbuilders were 9.1 million CGT…
South Korea Dominates LNG Shipbuilding
The liquefied natural gas (LNG) carrier orders received by South Korean shipbuilders have more than tripled from last year.According to Reuters, the three South Korean yards - Daewoo Shipbuilding & Marine Engineering (DSME), Hyundai Heavy Industries and Samsung Heavy Industries - have won the more than 50 orders for ships carrying LNG, with a total value of $9 billion.According to Clarkson, a shipbuilding research company in the U.K. on Nov. 20, LNG carrier orders from January to October this year totaled 43 units or 6.8 million cubic meters…
Keppel Partners GTT on LNG Solutions
Keppel Offshore & Marine (Keppel O&M) has signed a Technical Assistance and License Agreement (TALA) with Gaztransport & Technigaz (GTT) that will enable the companies to jointly market liquefied natural gas (LNG) solutions leveraging GTT's membrane containment systems and Keppel's shipyard expertise.Keppel O&M's network of global yards will be able to offer GTT's LNG systems in the design, construction and maintenance of LNG carriers, LNG Bunker vessels, LNG-fuelled vessels, and floating storage and regasification units (FSRU).Since completing its first LNG carrier repair in 1990…
Kouroumplis: Greece Continues to Pace the Global Shipping Sector
As the maritime market steers toward Athens, Greece and Posidonia 2018, Maritime Reporter & Engineering News interviews Panagiotis Kouroumplis, the Greek Minister of Maritime Affairs and Insular Policy. As the Minister of Shipping for the country with the largest merchant fleet and a millennia-old maritime tradition, Kouroumplis carries his responsibilities with pride and humility.Born in Aetoloakarnania in 1951, Kouroumplis holds a Law degree and a PhD in Sociology from the University of Athens.
South Korea Tops in Shipbuild Orders
South Korean shipbuilders, led by industry leader Hyundai Heavy Industries Co., have secured the largest amount of new orders in the first six months of the year to retain the top slot, while the global shipbuilding industry saw new orders halve, the data compiled by global researcher Clarkson Research Services showed. The new shipbuilding orders around the globe in the first half of this year amounted to 13.28 million compensated gross tons (CGTs). The figure is about 49.2 percent from 26.99 million CGTs a year ago. In the past year, the global shipbuilding industry saw new orders halve.
DSME Rolls Out World's Largest Containership
Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) has named the MSC Oscar, which has claimed the title of the world’s biggest containership. After the christening ceremony the MSC Oscar departed for Busan. The vessel has a capacity of 19,224 containers, and is the equivalent of four football stadiums in length with the nominal capacity of 19,224 TEU. The prestigious title has been taken over from China Shipping’s CSCL Globe, boasting 19,100 teu, which is currently on its maiden voyage in Europe. A report in Korea Times says that it was the first vessel of the three that China's Bank of Communications has ordered to charter to Swiss container shipping line Mediterranean Shipping Company (MSC).
Global Dry Bulk Carrier Newbuilding Orders on the Rise
Starting with the large sizes in dry, Oldendorff Carriers are reported to have declared the sixth in a series of 207,000 DWT Newcastlemax at HHI, with delivery in the second quarter of 2015. Clarkson Hellas report that at Hanjin Subic, STX Pan Ocean have contracted two firm 150,000 DWT Capesize, planned for delivery in the second half of 2016 and for charter to KEPCO. One order to report in the Kamsarmax sector, with Klaveness declaring the third and fourth in a series of 82,000 DWT bulk carriers at Jiangsu New Yangzijiang.
LNG Capital Expenditure
A strong continuation in the recovery of LNG expenditure is underway worldwide, driven by a growing demand for natural gas. The new eighth edition of Douglas-Westwood’s (DW) World LNG Market Forecast expects that global capital expenditure (Capex) will total nearly $228B during the 2013-2017 period. The surge includes capital expenditure on base-load onshore and offshore fixed LNG liquefaction, LNG carriers and LNG regasification, via both onshore and offshore fixed import terminals.
Latest Global Shipbuilding Orders
Rizhao Steel (Cara Shipping) are understood by Clarkson Hellas to have contracted two firm 180,000 DWT Capesize at both Dalian and Qingdao Beihai, with an additional two options at the latter. These orders are understood to have been concluded in the middle of this year, with delivery of the first vessel from Beihai lined up for 2015 and the remainder all due in 2016. Following a limited number of new orders so far this year, the VLCC orderbook, which currently stands at around 50 vessels, has seen the addition of two firm plus two option 300,000 DWT crude tankers from Metrostar at HHI. Although pricing remains undisclosed delivery of both firm vessels is planned for the first half of 2016.
Dual Fuel LNG Carriers to be Built in China
Lloyd’s Register (LR) has signed the classification contract for six 174,000 m3 liquefied natural gas (LNG) tankers to be built by Hudong Zhonghua Shipbuilding (Group) Co. Ltd. When delivered, the ships will load LNG in Gladstone, Australia for a number of Chinese import terminals - Qingdao, Beihai, Tianjin, Lianyungang and Wenzhou. Steel cutting on the first ship will be in January 2014. The final ship will be delivered in the fourth quarter, 2017. The ships will be fitted with…
MHI : Landmark LNG Carrier Shipbuild Contract
On May 17, 2013, Mitsubishi Heavy Industries Ltd. (MHI) will sign an agreement with Mitsui O.S.K. Lines Ltd. (MOL) to build a Sayaendo series new-generation liquefied natural gas (LNG) carrier. Sayaendo series ships feature a unique structure that integrates the LNG tank cover with the ship hull, resulting in significantly improved fuel consumption and maintainability. From 2020 the new ship will be used mainly for transportation of LNG produced by the Ichthys LNG Project in Australia for Osaka Gas Co., Ltd. and Kyushu Electric Power Co. Inc.
Advanced Simulation Helps to Solve Ballast Water Management Problems
Ballast water management poses problems in design and operation of ships. Computational fluid dynamics (CFD) offers solutions with design, type approval and trouble-shooting. Computational fluid dynamics (CFD) denotes collectively techniques for solving equations describing the physics of fluid flow. CFD is by now widely known and accepted in the maritime industry, but mostly associated with flows around the hull and propellers, for example in the context of designing more fuel-efficient ships. However, CFD is in many ways far more versatile than classical model testing.
China Shipyard Gets QN Group Bulk Carrier Orders
Queensland Nickel Group (QN) subsidiary Asia Pacific Shipping Enterprises (APSE) orders four 64,000 dwt ultramax bulk carriers. The contract has been signed with the Foreign Economic and Technical Cooperation Company of China, Chanjiang National Shipping Group and the China Changjiang National Shipping Group Corporation Jinling Shipyard. “The four vessels, for the use of QN, will be built at the China Changjiang National Shipping Group Corporation Jinling Shipyard, and we anticipate receiving delivery between February and June 2014,” said QN Managing Director Phil Collins.
China Shipyard Wins Four Bulkship Orders
Jiangsu New Yangzijiang Shipbuilding has been contracted to build four 82,000 dwt bulk carrier orders for Hong Kong owner Everbright Metal. Each ship will have a length of 229 m (751 ft) breadth of 32.26 m (106 ft) and draft of 14.45 m (47.4 ft), and all the four ships are expected to be delivered between the fourth quarter of 2013 and the third quarter of 2014. Currently New Yangzijiang Shipbuilding has orders for 53 vessel on hand made up of 16 bulkers, 6 woodchip transport vessels and 31 containerships.[
Chinese Shipyards Get More Bulk Carrier Contracts
COSCO shipyards in Guandung and Zhoushan obtain bulk carrier orders worth $198M COSCO (Guangdong) Shipyard has been contracted by a European company to build a 35,000 dwt bulk carrier scheduled for delivery in the first quarter of 2013. Separately, COSCO (Zhoushan) Shipyard has secured two contracts and four option contracts from another European company to build a total of six units of 64,000 dwt bulk carriers with eco-friendly and fuel-efficient designs. The two contracts will become effective following approval from the shipbuilder's board of directors.
Hyundai Heavy $600M Order for LNG Carriers
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, increasing demand for LNG as an alternative energy source after Japanese nuclear crisis…