MV WERFTEN Strengthens Digital Innovation
Shipbuilder MV WERFTEN has expanded its agreement with engineering and industrial software firm AVEVA to use a greater range of solutions from the AVEVA portfolio to design and construct cruise ships.The renewed agreement gives every MV WERFTEN subsidiary full access to AVEVA’s integrated engineering and design and information management solutions to drive further improvements in collaboration and efficiency across shipbuilding design and construction, due significantly to the…
Maritime's Push Toward "Net Zero Carbon"
IMO’s 2050 deadline to reduce GHG emissions 50% from 2008 levels has set off a gold rush to develop Zero Emissions SolutionsClimate change is the biggest issue facing [all aspects of] the maritime industry, said Kitak Lim, IMO secretary general, in an interview earlier this year with Maritime Reporter & Engineering News. He predicted that shipping could experience as much change in the next 10 to 20 years as it has in the last 100 years, as the industry races to meet a number of challenges…
Korea's Shipbuilders Rise on Country's Top Ranking for Orders
Shares of South Korean shipbuilding companies jump, boosted by the country's tally of orders in January to October as well as a positive outlook for the sector.outh Korea's volume of orders in Jan-Oct ranked the highest, with the country securing about 45 pct of total orders, according to industry sources citing the lastest data from Clarksons Research.South Korea is expected to remain the top ranked for ship orders this year as it exceeds No. 2 China at 31 pct, according to the report.
Samsung Heavy in Talks to Resolve Nigeria Industry Zone Dispute
The Nigerian arm of Samsung Heavy Industries is in talks to resolve a court action launched by an industrial zone in the west African country where the company has been building a floating oil platform for Total, Samsung Heavy said on Friday."We are in discussions to iron out any misunderstanding or issues raised between the parties," a Samsung spokesperson said in a statement sent to Reuters on Friday."We are yet to come to the resolution or conclusion but we hope to resolve…
GRSE Announces Public Offer
Garden Reach Shipbuilders & Engineers Limited, proposes to open on September 24, 2018, an initial public offering of equity shares of Face Value of Rs. 10 each (“Equity Shares”) for cash at a Price per Equity Share (including a Share Premium) (“Offer”) comprising a offer for sale 29,210,760 Equity Shares by the Promoter, The President of India, acting through the Ministry of Defense, Government of India (“The Selling Shareholder”).The offer includes a reservation of up to 572,760 equity shares for subscription by eligible employees (as defined herein) (“Employee Reservation Portion”).
Hyundai Merchant Marine to Spend $2.8 Bln on 20 Containerships
South Korea's largest shipping line Hyundai Merchant Marine (HMM) said it will invest 3.153 trillion won ($2.84 billion) for 20 new large containerships to be delivered by June 2021.In June this year, the company signed letters of intent for ship orders with South Korea's top three shipbuilders Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy Industries.DSME and Samsung will build seven and five 23,000 TEU vessels respectively, which are expected to deliver in the second quarter of 2020.
Virginia-Class Submarine Delaware Christened
Huntington Ingalls Industries christened the Virginia-class submarine Delaware (SSN 791) this morning at the company’s Newport News Shipbuilding division.Jill Biden, the former Second Lady of the United States and the ship’s sponsor, smashed a bottle of sparkling wine against the hull, celebrating the latest milestone of the newest U.S. Navy vessel prior to its launch.“I know it is a tremendous privilege to be selected as a pre-commission crew member, and the sailors standing with us today are the very best the Navy has to offer,” Biden said.
Destroyer Frank E. Petersen Jr. Christened
U.S. shipbuilder Huntington Ingalls Industries’ (HII) Ingalls Shipbuilding division christened the guided missile destroyer Frank E. Petersen Jr. (DDG 121), the 71st in the U.S. Navy’s Arleigh Burke (DDG 51) class of destroyers and the 33rd built by Ingalls.DDG 121 honors Frank Emmanuel Petersen Jr., who was the Marine Corps’ first African-American aviator and the service’s first African-American general. After entering the Naval Aviation Cadet Program in 1950, Petersen would…
Croatian Shipbuilders Strike Again Over Late Salary
Workers at Croatia's largest shipbuilding group Uljanik on Monday held their second strike in less than two months, this time over unpaid salary for September.In late August, the workers downed tools because of uncertainty over payments for July and August. Those two months' salaries were secured after the government reached a deal with a local bank.Uljanik owns two docks, with some 4,000 workers, located in the northern Adriatic cities of Pula and Rijeka. Some 1,500 started a…
Marco Ryan Plots a Digital, Connected Course for Wärtsilä
When talk turns to the digital revolution sweeping through the maritime industry, one need look no further than Wärtsilä, which has evolved from a shipbuilding company to an engine manufacturer, and is now embarked on a historic digital transformation led by Marco Ryan, Chief Digital Officer & EVP. We met with Ryan recently in Hamburg, Germany, to discuss the path and pace forward.To start, please lay out the scope of your responsibilities.At a high-level my job is to architect and deliver the transformation (of Wärtsilä) to a smart technology company.
Garden Reach Shipbuilders Stumbles on Market Debut
Shares of India's Garden Reach Shipbuilders and Engineers Ltd fell on their market debut on Wednesday after the company raised 3.4 billion rupees ($45.81 million) at its initial public offering earlier this month.The company's stock dropped as much as 12.9 percent to 102.80 rupees in early trade, but later rose to 107 rupees, or down 9.32 percent, at 0432 GMT versus its issue price of 118 rupees.The broader Nifty index was up 1 percent.The IPO of the state-owned shipbuilders was covered 1.02 times at its close.($1 = 74.2175 Indian rupees)(Reporting by Swati Bhat; Editing by Rashmi Aich)
Canada's First New Arctic Patrol Vessel Launched
Canada’s lead Arctic and Offshore Patrol Vessel, the future HMCS Harry DeWolf, was launched at Halifax Shipyard on Saturday, marking a significant milestone for the National Shipbuilding Strategy (NSS) and the revitalization of the Royal Canadian Navy’s combatant fleet.At 103 meters and 6,615 metric tons, the future HMCS Harry DeWolf is the largest Royal Canadian Navy ship built in Canada in 50 years. The ship was transitioned from the builder's land level facility to a submersible barge on Friday…
thyssenkrupp to Overhaul Indian Navy Submarine
German manufacturer thyssenkrupp has been awarded a 410 Crore contract with Mazagon Docks Shipbuilders Limited (MDL) to refit the Indian Navy’s Shishumar-class non-nuclear submarine, INS Shishumar. The Medium Refit and Life Certification (MRLC) contract for the submarine will commence in October this year and is expected to be completed by 2021. The upgrade will extend the operational life of the submarine by at least 10 years.Dr. Rolf Wirtz, CEO of thyssenkrupp Marine Systems…
How the Coast Guard Supports the Shipbuilding Industry
The U.S. Coast Guard is known for saving lives at sea, but did you know the service plays a huge role in the economy, too?As a regulatory entity, the Coast Guard conducts marine inspections on vessels entering United States ports to make sure the vessels do not pose a safety, security, or environmental threat to the country. With 90 percent of U.S. imports and exports entering or exiting the country by ship, these inspections ensure there is fuel at the gas station, food in the store and presents at birthday parties.But even before a ship ever gets in the water…
Naval Group Celebrates 10 years in India
September 18, 2018 marks 10 years in business for Naval Group in India. From its 2008 start as DCNS India with just 10 employees, Naval Group has grown to have a team of over 50 professionals in the country that specialize in engineering, supply chain and project management while building a sound industrial ecosystem. The team supports the Indian defense industry and Indian Navy under the nation's “Make in India” self-reliance objectives.Naval Group entered India as a 100 percent owned subsidiary of the group with the goal of ensuring its long-lasting presence in the country…
HHI to Build Six US Navy Destroyers in $5.1 Bln Contract
Huntington Ingalls Industries’ (HII) Ingalls Shipbuilding division today announced that it has been awarded a $5.1 billion fixed-price incentive, multiyear procurement contract for construction of six Arleigh Burke-class (DDG 51) Flight III destroyers for the U.S. Navy.The contract includes options for engineering and post-delivery efforts, which, if exercised, would bring the cumulative value of the contract to approximately $5.25 billion.“Destroyers represent the backbone of the Navy’s fleet and play a significant role in the defense of our freedom…
Canada’s Arctic Offshore Patrol Ship Named Harry DeWolf
Thousands of Halifax Shipyard shipbuilders, along with the ship’s company, joined Government of Canada and Royal Canadian Navy representatives to celebrate Madame Sophie Grégoire Trudeau, the ship’s sponsor, to officially name Canada’s lead Arctic and Offshore Patrol Ship, Harry DeWolf.At the ceremony, Mme. Grégoire Trudeau broke a bottle of Nova Scotia Traditional Method Sparkling Wine against the bow of the ship for good luck, while declaring, ““I name you Harry DeWolf. Bénit…
Irving Shipbuilding Hands-Over HMCS Fredericton
Canada’s National Shipbuilder Irving Shipbuilding celebrated the handover of Her Majesty’s Canadian Ship (HMCS) Fredericton to the Royal Canadian Navy following the completion of an extensive docking work period.The Halifax-headquartered shipyard said in a press release that the docking work period included routine maintenance and upgrades to ensure the longevity of HMCS Fredericton, a Halifax-class frigate.More than 400 of Halifax Shipyard’s 1,900 employees worked on HMCS Fredericton’s docking work period, including shipbuilders who are members of Unifor Local 1.
China Cruising: Carnival Corp Launches China JV
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), has announced that its cruise joint venture with China State Shipbuilding Corporation (CSSC) will launch this week under the name CSSC Carnival Cruise Shipping Limited. The new China-based cruise company plans to operate its own fleet to serve Chinese cruise guests by the end of 2019.CSSC Carnival Cruise Shipping Limited announced an agreement to purchase two existing ships from Carnival Corporation’s Costa Group, the leading cruise operator in Europe and Asia.
China Navigation Company Opens Shanghai HQ
Swire Group’s shipping arm China Navigation Company establishes presence in Shanghai where it was founded 147 years ago!The China Navigation Company (CNCo) opened its China headquarters officially in Shanghai on 05 November 2018, marking a significant return to its birthplace 147 years ago, and a significant milestone in its history, said a press release from the company.CNCo started operations on the Yangtze River in 1872, operating a modest fleet of Mississippi-style paddle steamers.CNCo is a major global player in the shipping scene today…
Preventing Maritime Vessel Explosions – The Role of the Marine Chemist
With advances in technology, increased regulatory requirements for training, and an industry that has been committed to improving working conditions, especially those associated with confined space entry and fire prevention, why are we still seeing maritime related fires and explosions that often include serious injury or loss of life? HistoryFollowing the First World War, as cargo vessels, particularly tank ships, were being converted to carry larger cargos, the incident rate of fires and explosions during shipbuilding, repair, and conversion began to rise.
NKAC & the Dawn of the 'Digital Twin'
ClassNK Archive Center (NKAC) has stored the first Ship Construction Files (SCF) complying with IMO Global Based Standards (GBS) for the NACKS-built 311,000 DWT VLCC delivered on October 26, 2018, managed by MOL Tankship Management (Asia) Pte. Ltd.To encourage design transparency and help ensure safety throughout the life of vessels, SOLAS regulation II-1/3-10 entered into force in 2012, requiring SCF complying with IMO GBS to be provided by shipyards on a new ship’s delivery and kept on board and/or ashore.
Cautious Consolidation for OSV Companies Brings Market Change
Will a rising tide in the offshore oil markets float all the boats? In the U.S. Gulf of Mexico, that remains to be seen.Offshore services, exploration and production are on a roll. In early October, yet another business combination of big drillers was announced. In a sign of optimism, Ensco announced its plan for an all-stock acquisition of Rowan Offshore, worth around $2.4 billion. The new company will be domiciled in the United Kingdom, but will have a large presence in Houston.