Chuan Hup To Buy 20 New Barges & Tugs
Marine shipping company Chuan Hup Holdings expects a new contract to ship coal to Indonesia to contribute significantly to group earnings in 2001, according to a company official. Chuan Hup reportedly has a fleet of about 145 barges, tug boats and other vessels, but would have to add to that to service the new contract. The current estimate calls for about 20 new barges and tug boats.
Chuan Hup Buys Three Ships
Shipping company Chuan Hup Holdings Limited bought three vessels for S$5.8 million in cash, boosting its fleet to 146 ships to cater to growing regional demand for shipping. In October Maritime Week reported that Lim said Chuan Hup signed a contract with Indonesian company PT Adaro to ship coal from Indonesia's Kalimantan to a power station in East Java, and would have to spend some S$40-50 million on 20 new barges and tug boats. He said Adaro had to supply coal to the station that had just been completed then and was undergoing test runs. Chuan Hup expected to ship about four million tons of coal a year and would contribute about S$20 million in revenue annually, he said.
Chuan Hup To Buy 20 New Barges & Tugs
Marine shipping company Chuan Hup Holdings expects a contract to ship coal to Indonesia to contribute to group earnings in 2001, the group's finance director, Lim Kwee Siah, said., Lim said the contract was worth an estimated S$300 million in revenue spread over 15 years, or S$20 million a year. "Conservatively, I expect the contract to contribute to group earnings in financial year 2001," Lim said. Talk of the contract had been driving Chuan Hup shares to successive new year highs in recent days. The shares rose to S$1.83 in early trading before easing to S$1.79, up two cents in mid-afternoon. "It is actually an old contract that had been signed in 1995. But it should be starting soon," Lim said.
Chuan HUP Subsidiary Sells Entire Stake In Dredging International
Marine transportation services provider, Chuan Hup Holdings Limited (“Chuan Hup” or “Group”), announced that its subsidiary, ACIS Holdings Limited (“ACIS”) has disposed of its entire 10 percent stake in Dredging International Asia Pacific Pte Ltd (“DIAP”) for S$15.2 million. Chuan Hup estimates the net profit before tax attributable to this sale to be S$5.5 million. The cash sale of 6.3 million ordinary DIAP shares, representing 10 percent of the total issued share capital of DIAP, was made to Tideway B.V. (“Tideway”) of the Netherlands. The remaining 90 percent of DIAP is owned by Pacific Dredging Corporation B.V. (“Pacific Dredging”).
Chuan Hup Unit Secures Patrol Boat Contract
Chuan Hup Holdings Ltd.'s joint venture company Asia-Pac Geraldton Pte Ltd. secured a $11.9 million contract to build seven high-speed patrol boats for the Singapore Police Force (Coast Guard). The company had previously secured a $29.7 million contract to build 18 patrol boats and two command boats for the Singapore police in September 1997, with an option to buy up to another 21 boats. The police force has now exercised its option to buy another seven patrol boats.
World’s Quickest Trip Through Northern Sea Route
Chinese sailor Guo Chuan intends to make it world’s quickest Northern Sea Route trip from Murmansk to the Bering Strait in 14 days without engine power. His trimaran “Qingdao China" is docked in Jarfjord outside Kirkenes, Norway, as the last preparations for the Arctic voyage are handled. With support from local company Arctic Dive Resort, the expedition stays in Norwegian-Russian border area before it on Saturday heads towards Murmansk. Guo Chuan intends to make it non-stop through the Northern Sea Route quicker than any other before, barentsobserver.com reports.
Industry Leaders Elected To ABS Membership
Sixty-Nine prominent shipping industry executives have been elected as new members of ABS. In addition, Rear Admiral David L. Brewer III, Commander, Military Sealift Command, U.S. Navy, was appointed as a member. This brings the ABS worldwide membership to 803. The members, each eminent in their maritime field of endeavor, provide broad governance and oversight of ABS. Members are drawn from various sectors of the marine, offshore and related industries worldwide. M.A. Marcelo P. S.A. Ghazi A. Al-Ibrahim, President, Mideast Shipmanagement Ltd. Giovanni Barbaro, Owner, Pietro Barbaro S.p.A. S.p.A. Giuseppe Bottiglieri, Managing Director, Bottiglieri Di Navigazione, S.p.A. Jae Cheol Byun, President, JSM International Ltd. Dr. Mauro Fernando Orofino Campos, President, Petroleo Brasileiro S.A.
Immarsat FleetBroadband Supports Solo Circumnavigator
Guo's 40-ft yacht will be equipped with a FleetBroadband terminal provided by Inmarsat which will help him send back video and pictures and assist him in plotting a safe course as he attempts to cover 21,600 nautical miles in 130 days. For his latest challenge, Guo, the first Chinese to cross the Atlantic single-handed, in a 21ft (6.5m) yacht, will depart from his home city of Qingdao, China, in November, to head east to Cape Horn, South America. Inmarsat Executive Chairman, Andrew Sukawaty, commented: "We first met Guo Chuan as MCM on Green Dragon during the previous Volvo Ocean Race. We were all impressed by his courage and tenacity.
Odfjell Orders Six Chem Tankers
Odfjell signed agreements with the Chuan Dong Shipyard to build a series of six plus four optional 9,000 dwt stainless steel chemical tankers for delivery in 2010-2012 at a total price of $180 million. These ships will operate in our regional trades in Asia and Europe, and will replace smaller vessels currently trading in these areas.
Nautica to Build Two Tugs
Nautica Nova Shipbuilding and Engineering Sdn Bhd has signed a contract to build two tugboats for Multraship Towage & Salvage, a Dutch salvage and towage company. Managing director Chuah Chuan Yong said the company would deliver the first 108.2 ft. tugboat at end-2007. Nautica, which operates on a 13-acre site near Sungai Prai, employs 140 skilled workers, of whom 10% are engineers. (Source: http://biz.thestar.com.my)
Thai Prime Minister Denies Canal Reports
Thai Prime Minister Chuan Leekpai has denied reports that the government plans to build a canal across southern Thailand, bypassing the Malacca Straits shipping lane. He said that while the construction of the canal, estimated at $21.2 billion, is still being studied, it is not a simple issue and requires more research before a decision will be made.
International Bunkering Middle East DMCC Promotes Staff
International Bunkering based in Dubai, UAE is pleased to announce the promotion of Mr. Felix Teo Yu Chuan to Senior Bunker Trader as from 1st of May 2011. At International Bunkering we acknowledge the value of each of our employees and their contribution to our results. Throughout his period of employment with International Bunkering Mr. Felix Teo has shown a very high level of customer understanding and a desire to meet them at level and to fulfill their individual requirements.
COSCO Sponsors Chinese Sailor's Solo Circumnavigation
A Chinese sailor is planning a solo, non-stop circumnavigation of the globe in November, attempting to make the journey in a world-record time for a 40-foot sail boat. Guo will depart from Qingdao and then head eastwards for Cape Horn in Chile. After sailing past the Cape of Good Hope in South Africa, it is hoped that he will pass through the Malacca Straits and finally return to Qingdao. The 47-year-old sailor is being trained in Europe. "Guo's circumnavigation will showcase the ambition, perseverance and pioneering spirit of the Chinese people. We are happy to sponsor him as he is the pride of China," said Wei Jiafu, COSCO president.
Campbell Shipping, Heavy Industry Agreement
Bahamian shipowners Campbell Shipping Ltd. signed an order with Zhong Chuan Heavy Industry Shipbuilding Co. Ltd. of Zhoushan for two 32,000 dwt double-hull bulk carriers, with an option for two more. These ships, which will be classed by ABS and fly the Bahamas flag, are to have 600 ft length overall, with a 92 ft beam, a scantling draft of 33 ft and a service speed of 14 knots. Their prime movers will be MAN B&W 6S46MC-C8 diesels, making them among the first vessels to order MAN’s new Tier-II compliant engines. The vessels are being built to the Transporter series design developed by Nassau-based Algoship Designers, with basic, classification and production designs produced by Smart Engineering and Design Solutions Ltd.
Sentinel Marine Sell AHTS, Order Two More
Sentinel sell new-build Anchor Handling Towing & Supply vessels AHTS 5150; order two more AHTS from Nam Cheong Dockyard. Buyers of the AHTS 5150, Hull SK 67, have requested the details of the sale to remain private. The newly ordered AHTS vessels will be built in Fujian South East Shipyard, China, with deliveries between Q3 – Q4 2013. These AHTS vessels are based on the proven Khiam Chuan Marine design, with the added stern thruster providing improved station keeping. The company has its roots in a Company called Nomis Shipping, which was established in 1989. Based in Aberdeen, Scotland. In its early days the company was engaged in owning and managing a fleet of Emergency Response & Rescue Vessels (ERRV).
Chinese Lone Yachtsman Inmarset-sponsored
Chinese single-handed sailor Guo Chuan starts 2013 tackling strong winds & towering waves of the Southern Ocean’s Roaring Forties. The Chinese yachtsman is attempting to set a new world record for solo non-stop circumnavigation of the globe. No sailor has ever attempted this in a boat as small as his 40-foot (12-metre) vessel Qingdao. Guo cast off from Qingdao in Shandong province, eastern China, in November on the 21,600-nautical-mile journey, which is expected to take about 125 days.
Chang Leaves Evergreen
Evergreen Marine Corporation said that Chang Kuo-wei, the late founder's son, was no longer on its board of directors, reports local media. Chang's seat on its board of directors will be filled by Hsieh Huey-chuan. According to observers, the Chang Kuo-wei faced the latest setback in his losing war of succession when he left the board of Evergreen International Storage & Transport Corp. Evergreen International Storage, one of Evergreen Group’s publicly traded businesses, announced a reassignment of its corporate directors and supervisors.
Maritime Industry Gathers to Address Cyber Security Threats
The Maritime and Port Authority of Singapore (MPA) and the Singapore Shipping Association has co-organised the inaugural Cyber Security Seminar in conjunction with the Singapore Maritime Week 2016. Teo Chin Hock, Senior Advisor, Cyber Security Agency of Singapore (CSA), delivered the keynote address. In his speech, Mr Teo outlined the concerns of cyber incidents leading to disruption and highlighted the broad mitigating strategies. Other cyber security thought leaders sharing their expertise and experience at the seminar included Mr Philip Tinsley…
Sealink Building Anchor Handling Tug
In early 2008 Sealink Sdn Bhd of Miri, Sarawak, East Malaysia will take delivery of a new anchor handling tug from their own shipyard. The 38-meter tug, with a waterline length o f36.3 meters and an 11.8-meter beam, is the first of three being built to a design by naval architect Khiam Chuan Marine of Singapore. Powered by a pair of 2200 hp at 1800 RPM continuous duty V-16 Cummins QSK60 main engines the 4400 hp tug will have a 60-ton bollard pull and 12-knot operating speed. The first vessel to be delivered, designated Hull SSS122, will have Reintjes WAF872 gears with a 7.455:1 ratio. The second AHT, currently designated Hull SSS156 with have Twin Disc MGN1727VC gears with 7.5:1 ratios fitted to the Cummins QSK60 main engines.
Cummins China Announces Additional QSK60 Sales
Guangdong Hongsheng Shipbuilding Co. Ltd. have begun building the first of two offshore supply vessels for Yudhi Shipping Pte. Ltd. The broker on the project is Hocean Trading & Development. The first vessel is expected to deliver in July 2008. Designed by Khiam Chuan Marine of Singapore the vessels will be 58.7 by 14.6-meters with a molded depth of 5.5 meters. A pair of Cummins QSK60-M mains each generating 2200 hp at 1800 RPM will power each boat. They will turn into Reintjes WAF 773 gears with 7.087:1 ratios. Cummins will also supply a KTA38-DM1 and two KTA19-DM1 engines to power the vessel’s electrical generators. A single Cummins DCEC engine will be supplied for the emergency generator as well.
Thai Prime Minister Denies Canal Reports
Thai Prime Minister Chuan Leekpai has denied reports the government plans to build a canal across southern Thailand, bypassing the busy Malacca Straits shipping lane, as reported in last week's Maritime Week. He said that while the idea is still being studied, the construction of a canal is not a simple issue and no decision has been made. If the study found it feasible to construct the canal, the country might build it, he said. It is estimated that the project would cost about $21.2 billion and take six years to complete. Proponents of the canal claim it would bring huge economic benefits and could threaten Singapore's position as the region's leading port.
New Boat from Guangzhou Shipyard
Joining a long list of successful craft from this well-established south China shipyard, the 40-meter Putrajaya Singosari completed sea trials in mid-November of this year. With an 11.8-meter beam and 4.6-meter molded depth, the offshore utility support vessel was built to a design by Khiam Chuan Marine P.L. of Singapore. Classed by BV and meeting IMO/SOLAS for life saving and firefighting the vessel will be registered in Kota Kinabalu in Sabah Malaysia. Main propulsion comes from a pair of 1200 HP Cummins KTA38 M2 main engines turning nozzled propellers through Reintjes WAF460 gears.
Malaysian Shipyards Play Catch-up
Thanks to a booming global shipping industry, Malaysian shipyards are working overtime, mostly to meet backlog orders that could stretch well into 2008. The biggest player, Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE), has a backlog orders, which will keep it busy until the middle of 2008. Then there's mid-size Muhibbah Marine Engineering Sdn Bhd, with an order book of RM130 million that will last until early 2008. But a look at today's marine construction order book reveals that Malaysian shipbuilders have not managed to keep up with the other major regional players. According to Muhibbah Marine shipyard general manager Ooi Kien Chuan, Singapore has had a head start over Malaysia as far as shipbuilding and marine engineering market share is concerned.