China Shipyard to Build Boxships for Boxmaker
Dalian shipyard to build seven 8,800-TEU container ships for container box manufacturer China International Marine Containers (CIMC). China's largest shipbuilding company, Dalian Shipbuilding Industry Company (DSIC), has received an order for seven 8,800-TEU ships worth US$595 million from container maker China International Marine Containers Group (CIMC).reports Shippingazette.com. The newbuildings are scheduled for delivery in 2015 and 2016. CIMC Financial Leasing (Hong Kong) will first buy the seven vessels and then lease them to a MSC subsidiary. Source: Shippingazetter.com
Iran Strikes $2.4bn Ship Order with Korea
Iran has placed orders worth around $2.4 billion with South Korean shipyards for the construction of ships to carry Iran’s oil and petrochemical products, The Wall Street Journal says. The orders have been placed by the Islamic Republic of Iran Shipping Lines (IRISL) and the oil producer Iranian Offshore Oil Company (IOOC). The Korean companies involved in the case are Hyundai Mipo Dockyard, which is a subsidiary of shipbuilding giant Hyundai Heavy Industries Group, as well as Daewoo Shipbuilding and Marine Engineering Company.
Gas Turbine-Powered LNG Carrier Joint Design Announced
GE Marine, Dalian Shipbuilding Industry Company (DSIC) and Lloyd’s Register announce they have jointly developed a design for a gas turbine-powered LNG carrier. This unique carrier will provide low life cycle cost, high environmental performance and flexible design. The initial LNG carrier design will be built around a GE gas turbine-based COGES (COmbined Gas turbine Electric and Steam) system that will feature one 25-megawatt gas turbine, one steam turbine generator-set and two dual-fuel diesel generator-sets for low power operation and backup.
Dalian Shipbuilding Orders OceanSaver
OceanSaver announced that Dalian Shipbuilding Industry Company (DSIC) has ordered ballast water management (BWM) systems for six VLCCs thus lifting the company’s order book to approximately $44.6m. The DSIC VLCC contract follows recent OceanSaver BWM system orders with Hyundai Heavy Industries for two high-spec Suezmax crude-oil tankers and six VLCCs at the Shanghai Waigaoqiao Shipbuilding Company in China. To date, OceanSaver has won BWM system contracts for 17 vessels – all of them large tankers. As of July 8th this year, 26 (25% of the world’s tonnage) of 30 possible flag states have ratified the International Convention for the Control and Management of Ships' Ballast Water and Sediments adopted in 2004.
Major Dalian VLCC Contract for OceanSaver
OceanSaver announced that Dalian Shipbuilding Industry Company (DSIC) has ordered ballast water management (BWM) systems for six VLCCs thus lifting the company’s order book to approximately $45m. The DSIC VLCC contract follows recent OceanSaver BWM system orders with Hyundai Heavy Industries for two high-spec Suezmax crude-oil tankers and six VLCCs at the Shanghai Waigaoqiao Shipbuilding Company in China. To date, OceanSaver has won BWM system contracts for 17 vessels – all of them large tankers. As of July 8th this year, 26 (25% of the world’s tonnage) of 30 possible flag states have ratified the International Convention for the Control and Management of Ships' Ballast Water and Sediments adopted in 2004.
New Dalian Shipbuilder Unveiled
Xinhua news has reported that a shipbuilder was unveiled in Dalian as part of the the city's shipbuilding industry. Dalian Shipbuilding Industry Co was formed by the merger of Dalian Shipyard Co and Dalian New Shipbuilding Heavy Industry Co. Dalian Shipyard, with more than a 100-year history, used to be one of China's big military shipbuilders. Dalian New Shipbuilding, established 15 years ago, was one of the country's biggest shipbuilders. Both the companies were subsidiaries of China Shipbuilding Industry Corporation. The new shipyard expects to output vessels of 2 million tons next year and more than 2.6 million tons in 2007, according to Xinhua.
New Chinese Shipbuilder Unveiled
A new, bigger shipbuilder was unveiled in Dalian recently, as part of the restructuring of the city's shipbuilding industry, ShanghaiDaily.com reported. Dalian Shipbuilding Industry Co was formed by the merger of Dalian Shipyard Co and Dalian New Shipbuilding Heavy Industry Co. Dalian Shipyard, with more than a 100-year history, used to be one of China's big military shipbuilders. Dalian New Shipbuilding, established 15 years ago, was one of the country's biggest shipbuilders. Both the companies were subsidiaries of China Shipbuilding Industry Corporation. The new shipyard expects to output vessels of 2 million tons next year and more than 2.6 million tons in 2007, according to Xinhua. (Source: ShanghaiDaily.com)
China Shipbuilder Goes Bankrupt
The first shipbuilder in the North-East China province of Liaoning, Dalian Oriental Precision & Engineering declares bankruptcy, According to SinoShip News, the shipbuilding company Dalian Oriental Precision & Engineering was invested in by Japanese company Oriental Precision and Dalian Shipbuilding Industry. The shipbuilders began operations in 2007, just before the global financial crisis ocurred. A local bank has taken over the company, and is processing an asset inventory.
China's STX Dalian Shipbuilding Affiliates in Bankruptcy
Six affiliated companies of STX Dalian Shipbuilding, China's largest wholly foreign-funded shipbuilding company, are to start bankruptcy reorganization procedures, reports Xinhua, citing a court statement in Dalian City in northeast China's Liaoning Province. STX Dalian Shipbuilding is the Chinese unit of STX Group, one of the world's top five enterprises in the shipbuilding industry. The court indicated to Xinhua that, due to their inability to pay off their debts before the due date, the companies had filed a bankruptcy reorganization plan with the court.
LR Issues AiP for Gas Turbine-Powered LNG Carrier Design
Press release - GE Marine and Dalian Shipbuilding Industry Company (DSIC) announced it has obtained Lloyd’s Register’s (LR) Approval in Principle (AiP) for the jointly developed gas turbine-powered LNG carrier design, the two companies announced at the Marintec China 2015 trade show. “With the AiP in hand, customers can feel confident in procuring a COGES-powered LNG carrier through DSIC, said Brien Bolsinger, Vice President, Marine Operations, GE Marine, Evendale, Ohio. “Operational benefits of gas turbines to naval architects…
Shanhaiguan Books Order for Six Containerships
China’s Shanhaiguan Shipbuilding Industry has booked an order to build up to six feeder containerships for Dalian Port Wantong Logistics and Dalian Jifa Ship Management. The newbuilding contract will see the affiliate yard of China Shipbuilding Industry Corporation (CSIC) construct two 1,100 teu boxships, plus an option to build four more similar vessels. The container vessels are expected to be deployed in domestic waters and along the Yangtze River. The 20,000 dwt newbuildings will be 152 meters long, 25 meters wide, with a draft of 9 meters.
Hamworthy Lands 11-vessel China Order
Hamworthy has won a contract to supply pump room systems for 11 vessels to be delivered to the China Shipping Group (CSG). The first three systems are destined for installation on three CSG 112,000 dwt aframax newbuildings, to be constructed at Dalian Shipbuilding Industry Company (DSIC). The remaining eight systems are to be supplied to product carriers being built at Guangzhou Shipyard International, (GSI). All 11 systems include three cargo pumps and two ballast pumps, which have been cast at Hamworthy’s manufacturing plant in Singapore in superior Ni-Al-Bronze material.
Wärtsilä X72 Engines Selected for Six Vessels
Wärtsilä, a marine industry's solutions and services provider, is to supply its recently introduced Wärtsilä X72 licensed engines to power six new vessels for two Singapore based shipping companies. Wärtsilä equipment will be installed on four container vessels that Pacific International Lines (PIL) has ordered from Dalian Shipbuilding Industry Company (DSIC), in China, and on two bulk carriers being built by Bohai Shipbuilding Heavy Industry Co. Ltd. (BSHIC) also in China. The Wärtsilä X72 has been selected as the main engine for these ships, with delivery of the first engines scheduled for early 2014. The order was received in the third quarter of 2012.
China Ocean Orders Four VLCC's
COSCO Group has ordered 4 Very Large Crude Carriers (VLCC) from China Shipbuilding Industry Corporation (CSIC). The ceremony was attended by Chairman Ma Zehua, President Li Yunpeng, Chief Financial Officer Sun Yueying, and Executive Vice President Ye Weilong of COSCO Group, as well as President Li Changyin, Executive Vice President Dong Qiang and Executive Vice President Sun Bo from CSIC. COSCO inform that managers and executives from relevant departments and subsidiaries of the two companies also attended the ceremony.
China to Roll Out Smart Crude Oil Carrier
China's Dalian Shipbuilding Industry Co (DSIC) is working on China's first smart crude oil carrier - a special project named "smart ship 1.0 R&D - which will incorporate technology to help the captain operate the ship. The Chinese state media quoted Guan Yinghua, deputy chief engineer of DSIC as saying that the project was assigned by the Ministry of Industry and Information Technology. Guan said that the very large intelligent crude carrier will be the most important result of the project. She said the smart vessels represent the future.
GE to Deliver Crane Systems for LNG Vessel Construction
When the time came to expand Dalian Shipyard’s shipbuilding and repair facilities to build next-generation LNG tankers and container vessels, they turned to long-term partner GE Power Conversion to supply the complete drive and automation system for Goliath Crane. Over their 12-year relationship, GE has helped Dalian Shipyard to remain competitive by supplying drive and automation technology up to the latest standards, as well as by adapting its drive solutions to Dalian Shipyard’s…
China Arbitration Court Orders Korea's STX to Pay Debt
Troubled South Korea shipbuilder STX Heavy Industries Co. issued a guarantee on a loan defaulted on by its Chinese heavy machinery manufacturer, STX Dalian Heavy Industries Co., from China's Bank of Communications and has been ordered to repay the loan, reports Yonhap. Unlisted STX Dalian Heavy Industries is a wholly owned subsidiary of STX Heavy Industries and has been ordered to repay the 60.9 billion won (US$56.8 million) loan by the China International Economic and Trade Arbitration Commission after the Chinese unit failed to service the principle and interest.
Planning Starts on Shiptec China Mega-Expo
This increasingly important event takes place between the 21 and 24 October, 2014 at the Dalian World Expo Center.. The 10 Shiptec took place at the World Expo Center towards the end of 2012 and exceeded all previous events. In total 438 companies from 21 countries took part, showcasing their latest innovations on a gross exhibition area of 23,000 square meters. The four‐day exhibition attracted over 15,000 professional trade visitors and conference delegates from 28 countries and regions and…
Rotor B.V. Gets Chinese Order
The Dutch company Rotor B.V. has a contract with Chinese OEM’s for the delivery of rotor nl electric motors. The electric motors will be provided for the construction of nine ships, with an option of another seven ships The ships will be built in Dalian, at the Dalian New Shipyard, this is the largest and modernist shipbuilder that is represent in the China Shipbuilding Industry Corporation (CSIS). The Dalian New Shipyard is an export base for shipbuilding granted by the state. The rotor nl electric motors will be applied for the electro-hydraulic steering gear, this will be the 80 / 160 kW pole changing electric motors . Besides the electric motors for the steering gear…
Korean Shipbuilders Place in Top 10 for June Orders
Korean shipbuilders occupied seven out of the top 10 positions in the world last month in terms of orders. Hyundai Heavy Industries was the world’s largest shipyard in terms of order backlog as of late June with 11.74 million compensated gross tons (CGT), British shipbuilding market researcher Clarkson reported. Samsung Heavy Industries came second with an order backlog of 8.27 million CGTs, followed by Daewoo Shipbuilding & Marine Engineering (DSME) with 7.41 million CGTs and Hyundai Mipo Dockyard Co., one of two Hyundai Heavy Industries subsidiaries, with 4.11 million CGTs. Created after a merger of two shipyards in Dalian, China’s Dalian Shipbuilding Industry Corp.
Largest Ever Marintec China Hits New Records
Largest ever Marintec China 2013 hits New Records over 1,700 exhibiting companies and attracted 13% more trade visitors Hong Kong – December 23, 2013—Marintec China 2013, organized by UBM Asia and the Shanghai Society of Naval Architects and Ocean Engineers, was a tremendous success over the four days of the show from December 3-6, 2013. With the blowing of a whistle and pushing of the actuating lever, Marintec China 2013 officially began. The four-day exhibition and conference was unveiled and officiated by senior officials from the industry…
Chinese Shipbuilding Yard Enters World Top 5
A Chinese shipbuilding yard has entered the global top five in terms of order backlog. According to a report by London-based shipbuilding and marine transportation researcher Clarksons, China's Dalian Shipbuilding Industry with 2,838,000 compensated gross tons (CGT) ranked fifth on the list of world shipbuilding yards based on order backlog as of March. Hyundai Heavy Industries with 10,790,000 CGT came in first, followed by Samsung Heavy Industries with 8,517,000 CGT, Daewoo Shipbuilding & Marine Engineering with 6,559,000 CGT and Hyundai Mipo Dockyard with 4,296,000 CGT. Hyundai Samho Heavy Industries with 2,762,000 CGT and STX Shipbuilding with 2,659,000 CGT raned sixth and seventh, respectively.
China Merchants Shipping Approved to Buy Six Oil Tankers
China Merchants Energy Shipping Co. Ltd. (SHA 601872) said orders for six oil tankers have been approved by the National Development and Reform Commission (NDRC). In April, the company said it plans to buy two very large crude carriers (VLCC) displacing 300,000 deadweight tons and two tankers displacing 110,000 dwt from Dalian Shipbuilding Industry Co. Ltd. for $343m. In June, the company signed a $232m order with Dalian Shipbuilding to buy two VLCCs displacing 300,000 deadweight tons. The tankers will be delivered between December 2009 and March 2011. [Source: http://www.tradingmarkets.com]