Marine Link
Wednesday, May 24, 2017

COSCO (Dalian) Shipyard Delivers Flag Lama

Photo: COSCO (Dalian) Shipyard

 COSCO (Dalian) Shipyard Co has delivered an bulk carrier, “FLAG LAMA”, to its European buyer, the company said in its press release.    The delivery documents were signed by and between COSCO Dalian and the buyer recently.     The bulk carrier measures 229 meters in LOA (length  of all), 32.26 meters in breadth and 20.05  meters in depth.   COSCO (Dalian) Shipyard is one of the core subsidiary enterprises of COSCO Shipyard Group. Its main business is ship and offshore repairing, conversion and new building.  

Unithai to Operate Largest Floating Dock in Thailand

Photo: Unithai Shipyard

Thailand’s Unithai Shipyard and Engineering Limited continues to develop the shipyard’s capacity and capabilities in ship repair services in response to client needs. Unithai Shipyard awarded a contract to China’s Huarun Dadong Dockyard to build a floating dock 984 feet in length and 170 feet wide with a lifting capacity of 48,000 metric tons, making it the largest dock ever seen in Thailand. “This new floating dock will increase Unithai Shipyard’s capacity and capabilities to accommodate Aframax and Post-Panamax vessels of up to 170…

COSCO Singapore Wins FSRU Deal

Photo: Cosco Shipyard

Cosco (Qidong) Shipyard Co, a subsidiary of Cosco Corp's 51 per cent subsidiary Cosco Shipyard Group Co, has entered into an agreement with a European buyer for the construction of the floating storage regasification unit (FSRU) module. Cosco Corp did not identify the European buyer. COSCO Qidong and the European buyer have agreed to keep the contract prices confidential. Delivery of the module is scheduled for the first quarter of 2018. A press statement from the company said that brring any unforeseen circumstances…

New Drydock Arrives at Bollinger Algiers

Drydock Mrs. Jody arrives at Bollinger Algiers. (Photo: Bollinger Shipyards)

U.S. shipbuilding and repair company Bollinger Shipyards said it has taken delivery of a new drydock at its Bollinger Algiers facility. The new drydock Mrs. Jody adds 4,000 tons total lifting capacity to the New Orleans shipyard. “This drydock will position us well in the diverse customer markets that we serve, and will further enhance our position in the market with lifting capacity needed by our customers,” said Bollinger CEO and president, Ben Bordelon. The Mrs. Jody drydock measures 198-ft. x 76-ft. between the wing walls and has lifting capacity of 4,000 tons.

New Ship Building Orders for Korean Yards

Photo: Samsung Heavy Industries

South Korean shipyards emerged on top for new orders in April, Business Korea reported quoting industry data. The global total amount of new shipbuilding orders reached 750,000 CGT last month and 340,000 CGT and 260,000 CGT went to South Korean and Chinese shipbuilders, respectively. Japanese shipyard orders came to nil. In terms of numbers, Korean shipyards clinched new orders to build 12 ships. South Korea took the largest portion of very large crude oil carrier (VLCC) orders placed in quantity early last month, said the report.

Shipbuilders Council Names McCreary Chairman

From left to right: SCA President Matthew Paxton with Rep. Hunter and newly-elected Chairman, Richard McCreary (Photo: SCA)

Shipbuilders Council of America  names Richard McCreary as new chairman; honors Sen. Cochran and Rep. At its annual spring meeting in Washington, D.C. this week, the Shipbuilders Council of America (SCA), the national trade association representing the U.S. shipyard industry, named Richard McCreary of BAE Systems as the new chairman of the association. Additionally, SCA honored Sen. Thad Cochran (R-Miss.) and Rep. Duncan Hunter (R-Calif.) as recipients of its Maritime Leadership Award, recognizing the two for their demonstrated dedication and support of the U.S.

Italian Submarine Romeo Romei Delivered

Photo: Fincantieri

The submarine Romeo Romei was delivered at Fincantieri’s shipyard of Muggiano, La Spezia. It is the last of the four U212A Todaro class twin units ordered from Fincantieri by the Naval Armament Unit – NAVARM for the Italian Navy. Romeo Romei, as its twin unit Pietro Venuti delivered last July at the Muggiano shipyard, features highly innovative technological solutions. It is entirely built with amagnetic material, using the most modern silencing techniques to reduce its acoustic signature.

Campbell Acquires Barges, Towboats from ACBL

Photo: Campbell Transportation Company, Inc.

Campbell Transportation Company, Inc. said it has signed an agreement with American Commercial Barge Line LLC (ACBL) to acquire certain affreightment contracts along with 155 barges and four towboats that will operate on the Ohio River system. Campbell said it expects to close the transaction by the end of the second quarter, subject to customary closing conditions. Once the acquisition has been completed, Campbell will own and/or manage more than 1,100 barges and 50 towboats on the inland waterways, along with four shipyard facilities and a marine construction company.

Keppel on Track to Deliver Rig for Caspian Drilling

Photo credit: Keppel Offshore & Marine

Keppel Offshore & Marine Ltd (Keppel O&M) through its subsidiary in Azerbaijan, Caspian Shipyard Company (CSC), is on track to deliver a semisubmersible drilling rig to Caspian Drilling Company Ltd, a subsidiary of the State Oil Company of Azerbaijan Republic (SOCAR). The rig was named Heydar Aliyev at a ceremony in Azerbaijan today by the President of Azerbaijan, Ilham Aliyev. Built to Keppel FELS' proprietary DSSTM 38M design, the rig has been customized for the Caspian Sea's harsh environment condition. It is the first modern semisubmersible to be almost completely built in Azerbaijan.

Samsung Heavy Bags Order for 2 LNG Carriers

Photo: Samsung Heavy Industries

South Korea’s Samsung Heavy Industries (SHI) has won a $100 million order to build two liquefied natural gas (LNG) carriers for Korea Line, reports Yohnap. Korea Gas Corp. (KOGAS) has chartered Korea Line to transport LNG from Tongyeong, South Gyeongsang Province (mainland) to Jeju Island for 20 years. Under the deal with Korea Line, SHI will build the ships by December 2019, the company said. One of the two vessels would have LNG bunkering capability. The ships, which can carry up to 7,500 cubic meters of LNG each, will be deployed to transport LNG between local ports, it added.

Marco Polo Seeks Protection from Creditors

Photo: Marco Polo Marine Ltd

The Board of Directors of Marco Polo Marine informed that PT Marcopolo Shipyard (PTMS), has filed an application to place itself under a Penundaan Kewajiban Pembayaran Utang (PKPU) suspension of debt payment plan in accordance with Law on Bankruptcy and Suspension of Debt Payment. On 18 May 2017 and pursuant to the PKPU application filed by PTMS, it was ordered, amongst others, that a temporary restraint of legal proceedings against PTMS be put in place for 45 days commencing from 18 May 2017.

NYC's New Ferries Take to the Water

Photo: Incat Crowther

The first vessel in the new NYC Ferry’s fleet has been christened Lunch Box, following a naming competition held amongst New York school students. Lunch Box, which has already been followed by a subsequent pair of vessel in New York, is the first vessel in a fleet of 26m catamaran ferries commissioned by Hornblower Cruises to form NYC Ferries, a government initiative to bring an affordable, city-wide ferry network to the Big Apple. Over the coming year, the fleet will grow to some 20 vessels and the network will grow to six routes.

Meyer Turku Reports Larger 2016 Profit

Photo: Meyer Turku

Shipbuilder Meyer Turku reported a net profit of 25 million euros ($27.4 million), or 3.2 percent of revenue, in 2016, rising from 15 million euros ($16.5 million) in 2015. The Finish shipyard, which specializes in cruise ship and large passenger vessels, said it has seen been on a “good and economically sustainable path” since the Meyer family took ownership in 2014. Revenues rose 33 percent last year from 594 million euros ($651.5 million) in 2015 to 792 million euros ($868.7 million) in 2016.

Fincantieri Buys Majority Stake in STX France

File Photo: STX France

Italian shipbuilding company Fincantieri S.p.A. said it has signed a share purchase agreement for the acquisition of 66.66 percent of the share capital of STX France shipyard from its current shareholder STX Europe AS. The agreement entails a purchase price of €79.5 million ($89 million). Fincantieri continues to negotiate with the French State for the finalization of the shareholders’ agreement for STX France in accordance with the Heads of Terms signed on April 12. Based in Saint-Nazaire…

Navy Christens USNS City of Bismarck

Photo: Official FB Page of Austal USA

Austal celebrated the christening of Expeditionary Fast Transport ship USNS City of Bismarck (EPF 9) with a ceremony at its state-of-the-art shipyard on May 13. City of Bismarck is the ninth of 12 Expeditionary Fast Transport vessels (EPF) that Austal has under contract with the U.S. Navy as part of a contract worth over $1.9 billion. The ship’s sponsor, Congresswoman Jane Harman, headlined the group of officials, naval guests, civic leaders, community members and Austal employees who attended the ceremony beneath the hull of the ship in Austal’s final assembly bay.

TMC Tallies another Höegh FSRU Deal

Vessel under construction at Samsung Heavy Industries to be delivered Q2 2019. (Photo: Höegh LNG)

TMC Compressors said it has secured a contract from Samsung Heavy Industries to deliver a marine compressed air system to a floating storage and regasification unit (FSRU) the South Korean shipyard is building for Höegh LNG. Under the contract, international compressor supplier TMC will deliver a complete marine compressed air system consisting of two 44 kW service air compressors and two 44 kW control air compressors. The contract value is undisclosed. The compressed air system will be utilized at a newbuild 170…

USS Abraham Lincoln Achieves Redelivery

 The Nimitz-class aircraft carrier USS Abraham Lincoln (CVN 72) conducts high-speed turn drills in the Atlantic Ocean during sea trials. Photo: United States Navy

The USS Abraham Lincoln (CVN 72) was redelivered to the fleet May 12, marking the successful completion of its refueling and complex overhaul (RCOH) carried out at Newport News Shipyard. At sea for the first time since March 2014, the crew conducted rigorous tests of engineering components, the modernized combat systems suite and flight deck equipment that supports Lincoln's mission at sea. Damage control capabilities and basic deck seamanship were also checked to ensure both the ship and the crew's operational readiness.

VLCC Rates to Fall Further in Well-supplied Market

File photo: Maran Tankers Management

Freight rates for very large crude carriers (VLCCs) are set to slide further next week, falling below tanker break even costs on routes from the Middle East, as too many ships chase too few cargoes, brokers said on Friday. "In today's market Middle East charter rates are around $15,000 a day. Charter rates are still falling, still sliding. I'm not sure where the bottom is," a European supertanker broker said on Friday. Break even costs for a VLCC are around $22,000 a day, according to leading tanker owner Frontline.

Hendry Marine Launches Business Development Team

Kristen Chittenden (Photo: Hendry Marine Industries)

U.S. tug-barge shipyard Hendry Marine Industries, Inc., (HMI) has launched a new business development team, with Kristen Chittenden appointed Director of Business Development, and Eric Smith named VP & Chief Commercial Officer. Chittenden and Smith will work closely with Hendry Marine’s CEO and president, Jim Long, the executive leadership team and its various subsidiaries to set company strategy and develop new business opportunities. Chittenden has served as Associate General Counsel for Hendry Marine for the past three years…

Wärtsilä Scrubbers for Korean Ferry Newbuild

The new Korean ferry being built at the Hyundai Mipo Dockyard will be equipped with a Wärtsilä exhaust gas cleaning system. (Photo: Wärtsilä)

Wärtsilä said it has been contracted to supply its exhaust gas cleaning system for a new Korean ferry being built for Weidong Ferry at the Hyundai Mipo Dockyard. The system will consist of two 13 MW Open Loop V-SOx Scrubbers specifically optimized for the new vessel, a 31,000 gross tonnage RoPax ferry to be operated by Weidong Ferry between Korea and China. The contract with Wärtsilä, which was booked in January 2017, will see the first Wärtsilä scrubber system installed where the shipyard, the owners and the vessel's operational area are all in Korea.

OOCL Hong Kong Christened

Photo: Orient Overseas Container Line Limited

Orient Overseas Container Line (OOCL) announced the naming of its latest containership, the OOCL Hong Kong, at a christening ceremony held at the Samsung Heavy Industries (SHI) shipyard on Geoje Island on May 12. The OOCL Hong Kong was also celebrated as one of the largest containerships in the world by carrying capacity, and will be a welcome addition to strengthening the OOCL fleet this year. In his ceremonial remarks, C. C. Tung, Chairman of Orient Overseas (International) Limited addressed the importance of this occasion for the company.

Cochin Shipyard Builds 4 Ships for Andaman & Nicobar

India's first Indigenous Aircraft Carrier INS Vikrant built in Cochin Shipyard. Photo: Cochin Shipyard Limited

Government of India-controlled Cochin Shipyard Ltd is constructing four passenger-cum – cargo vessels for Andaman & Nicobar Administration under the ‘Make in India’ initiative of Government of India. As per orders placed by the A&N Administration, two of these vessels will have a capacity of 500 persons-cum-150 tonne cargo and the remaining two will have a capacity of 1200 persons-cum-1000 tonne cargo. These vessels will have state of the art facilities for passengers and comply with latest international/national rules and regulations.

Matson, Philly Shipyard Mark ‘Aloha Class’ Milestone

Photo: Matson

Philly Shipyard, Inc. (PSI), the wholly-owned U.S. subsidiary of Philly Shipyard ASA, and Matson, Inc., a U.S. carrier in the Pacific, today marked a milestone in the construction of the first of two new "Aloha Class" containerships to be delivered to Matson in the third quarter of 2018 and first quarter of 2019, respectively. Designed specifically for Hawaii service, they will be the largest containerships ever built in the U.S. During today's ceremony in the dry dock where the first engine room section…

Maritime Reporter Magazine Cover May 2017 - The Marine Propulsion Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

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