Water-Treatment Companies Searched Over Bid-rigging
More than 10 major water-treatment plant makers, including Mitsui Engineering & Shipbuilding Co. and Mitsubishi Heavy Industries Ltd., were searched Tuesday by the Fair Trade Commission on suspicion of repeatedly rigging bids for contracts from local governments, as reported by the Japan Times. Also raided were Sumitomo Heavy Industries Ltd., JFE Engineering Corp., Kubota Corp., Ebara Corp., Hitachi Zosen Corp., Takuma Co. and Ataka Construction and Engineering Co. Most of the companies confirmed they were being searched by the antimonopoly watchdog but declined comment on the reason. The firms are suspected of conspiring to select bid winners and fix bid prices for contracts for building water-treatment plants…
Japanese Shipbuilders Warned Over Bid Rigging
According to a report from the Kyodo News Service, eight shipbuilders were warned by the government's competition policy watchdog over alleged bid rigging on defense contracts. The Fair Trade Commission (FTC) said it issued the warning over what it deems were acts to unfairly restrict competition for contracts from the Maritime Self-Defense Force (MSDF) concerning the force's fleet between fiscal 1996 and fiscal 1999. The eight are Mitsubishi Heavy Industries Ltd., Ishikawajima-Harima Heavy Industries Co., Sumitomo Heavy Industries Ltd., Hakodate Dock Co., Mitsui Engineering & Shipbuilding Co., NKK Corp., Sasebo Heavy Industries Co. and Hitachi Zosen Corp.
Two Killed in Shipyard Accident
According to wire reports, two workers were killed and two others injured earlier this week after falling about 65 ft. to the ground when a 246-ton steel block fell over on a ship under construction in Kure, Hiroshima Prefecture. The four were working on the construction of a 90,000-ton containership for a German client at a shipbuilding dock of IHI Marine United Inc., launched in 2002 via the partial merger of Ishikawajima-Harima Heavy Industries Co. and Sumitomo Heavy Industries Ltd. The accident took place shortly after 9 a.m., when they were trying to fix the steel block to the ship. The block -- 15 meters in height, 16 meters in width and 2.5 meters thick -- fell over the port side of the ship, throwing the four to the ground.
Japanese Steelmakers Eye Consolidation
Japan's second-largest steelmaker, NKK Corp agreed with two other Japanese firms to consider future integration of their steel plant operations in a bid to combat severe competition. The alliance with heavy electric machinery maker Sumitomo Heavy Industries Ltd. and heavy machinery maker Hitachi Zosen Corp. was prompted partly by the emergence of giant overseas rivals, the three companies said. As the first step of the alliance, the companies will set up a joint venture in March, capitalized at $1.74 million, for sales of a variety of heavy machines used in the steel-making process to the domestic and overseas markets. The new company, which plans to launch operations in April, will be owned 34 percent by NKK, 33 percent by Sumitomo Heavy and 33 percent by Hitachi Zosen.
Built Sumitomo Heavy Ind. Kvaerner Masa-Yards is well renowned for its ship and ship's equipment ice breaking technology. Upon visiting Finland on a recent excursion and enjoying winter in November, it's easy to see why. Quite simply, Finland must keep its icy shipping channels open during the winter to ensure its commercial survival. In the beginning of the 1990s, the company, in partnership with the Finnish Maritime Administration and ABB Industry of Finland, developed a new electrical propulsion system for icebreakers, the trade name of which is Azipod. The first vessels equipped with the new system, the 16,000 dwt tankers M/T Uikku and M/T Lunni owned by Fortum operated Nemarc Shipping…
TEN Delivers Tanker
South Korea. existing fleet. the Atlantic by a European state oil company at an accretive rate. of current firm rates. operating on time charters and profit sharing arrangements. 105,000 dwt Aframax tanker at Sumitomo Heavy Industries, Ltd. delivered in the second half of 2008. the three other Aframaxes also being built for TEN by Sumitomo. shipyard in South Korea on June 5, 2006.
Wärtsilä-Developed Engine Undergoes Test Program
The first electronically-controlled low-speed marine diesel engine built in Japan is currently completing its test program. Corporation by Diesel United Ltd at the Aioi works. by Scinicariello Augustea Ship Management SpA. The Sulzer 6RT-flex58T-B has a maximum continuous power output of 12,750 kW (17,340 bhp) at 105 rev/min. of August 2003. The engine has already finished various confirmation tests in the Aioi works and today was demonstrated to a large group of guests. shipowners, ship operators and shipbuilders, together with representatives from classification societies and other interested organizations. systems for fuel injection and valve actuation. speeds for better manuevering. has been underway for more than two years. September 2001 with excellent results.
Fortum Get Wärtsilä Engines
Wärtsilä Corporation has received a contract to supply the complete power systems for two 14,000 tdw product/chemical tankers under construction for the Finnish energy group Fortum. The two tankers have been contracted at the Portuguese shipbuilder Estaleiros Navais de Viana do Castelo, with delivery due in 2003. With a cargo capacity of 16,000 cu m, they are of 140 m length overall by 21.7 m breadth, and have a service speed of 16 knots. They are also being built to ice class 1A Super. propeller, and three generating sets, two driven by Wärtsilä 6L20 engines and one by a Wärtsilä 4L20 engine. power of 8400 kW each, the 8L46 main engines will be equipped with Direct Water Injection (DWI) for reduced NOx emissions.
Fortum Newbuildings Will Get Wärtsilä Engines
Wärtsilä Corporation has received a contract to supply the complete power systems for two 14,000 tdw product/chemical tankers under construction for the Finnish energy group Fortum. The two tankers have been contracted at the Portuguese shipbuilder Estaleiros Navais de Viana do Castelo, with delivery due in 2003. With a cargo capacity of 16,000 cu m, they are of 140 m length overall by 21.7 m breadth, and have a service speed of 16 knots. They are also being built to ice class 1A Super. Each Wärtsilä power system comprises a Wärtsilä 8L46 main engine, reduction gearbox with power take-off (PTO) drive, controllable-pitch propeller, and three generating sets, two driven by Wärtsilä 6L20 engines and one by a Wärtsilä 4L20 engine.
Wärtsilä Reports Market Success for Engines
common-rail marine engines. million bhp). sector. Sulzer RT-flex96C type for large container liners. built under licence in Korea and Japan. containership newbuilding orders. RT-flex60C engines and seven RT-flex58T-B engines. low-speed marine engines by Wärtsilä Corporation. valve operation with fully-integrated electronic control. major step in the development of large marine diesel engines. speeds for better manoeuvring. Service experience with Sulzer RT-flex engines is building up. hours. She entered service in September 2001. recently completed. Industries Ltd in Japan. service at the end of August 2003. Estaleiros Navais de Viana do Castelo in Portugal. September 2003. of September. She was built by Shanghai Shipyard in China.
Japanese Shipbuilding Consolidation Is Imminent
Kawasaki Heavy Industries is said to be considering integrating its shipbuilding business with those of Ishikawajima-Harima Heavy Industries Co. (IHI) and Mitsui Engineering & Shipbuilding Co. A spokesman for Kawasaki Heavy, Japan's second-largest heavy machinery and shipbuilding firm, said it sees such consolidation as one option but no accord has been reached. Business daily Nihon Keizai Shimbun reported on Wednesday that IHI and Kawasaki Heavy had reached a basic agreement to merge their shipbuilding businesses in an equally owned joint venture in October 2002. Third-ranked IHI said separately in a statement on Wednesday that it is considering consolidating its shipbuilding business with Kawasaki Heavy but they have not reached final agreement.
Fukushima Experimental Offshore Floating Wind Farm Project Progresses
A consortium made up of Marubeni (project integrator), the University of Tokyo (technical advisor), Mitsubishi, Mitsubishi Heavy Industries, Japan Marine United, Mitsui Engineering & Shipbuilding, Nippon Steel & Sumitomo Metal Corporation, Hitachi, Furukawa Electric, Shimizu, and Mizuho Information & Research has been participating in an experimental offshore floating wind farm project sponsored by the Ministry of Economy, Trade and Industry since March 2012. At present, the construction of the three-column semi-sub as part of the second phase has been successfully completed.
Fortrum Acquires Icebreaker Duo
Fortrum Shipping has attained a pair of icebreaking 106,000-tdw crude oil carriers from Sumitomo Heavy Industries. The contract, which was signed on June 30 in Helsinki, marks a major breakthrough for the Kvaerner Masa- Yards-developed double-acting tanker (DAT) concept. While this idea has been previously adapted in two supply icebreakers deployed by Royal Wagenborg Group in the Caspian Sea, the Sumitomo newbuildings will be the premiere tanker newbuildings based on Kvaerner's patented technology. Both yards have been collaborating under a mutual co-operation agreement in developing the project to meet all the requirements set by Fortrum Shipping, thus extending to the actual construction of the ships.
Experimental Floating Wind Farm Nears Installation
Launched in March 2012, the Fukushima experimental offshore floating wind farm project sponsored by the Ministry of Economy, Trade and Industry is nearing the installation phase as preparatory works for the installation of the 7MW oil pressure drive-type wind turbine on the three-column semi-sub floater at Onahama port, Fukushima, are almost completed and delivery from Nagasaki to Onahama has started today. Participating in the experiment is a consortium comprised of Marubeni (project integrator)…
DNV GL Launches Project to Test Biodegradable Lubricants
Classification society DNV GL has launched a new joint development project (JDP) in cooperation with marine insurers The Swedish Club, Norwegian Hull Club, Gard and Skuld to test the potential influence of Environmentally Acceptable Lubricants (EALs) on failures in stern tube bearings. DNV GL will oversee detailed laboratory testing of EALs by Leonardo Testing Services Ltd. at the University of Sheffield (UoS), UK. The JDP has been prompted by an increase in stern tube bearing failures over the last few years.
Venezuela Orders Crude Tankers from Itochu
According to a report from the Oil & Gas Journal, Itochu Corp. has won an order to supply four Aframax tankers to a subsidiary of Venezuela’s Petroleos de Venezuela SA (PDVSA) and has commissioned Sumitomo Heavy Industries to build the vessels. The ships will have a capacity of 104,300 dwt each and are scheduled for delivery in 2012. (Source: Oil & Gas Journal)
TEN Accepts Aframax Tanker
Tsakos Energy Navigation Limited announced the delivery and charter of the 105,000 dwt DNA-Aframax tanker Uraga Princess from Sumitomo Heavy Industries in Japan, the final newbuilding in a series of eight ordered in 2004. Upon delivery, the vessel entered a minimum 30-day repositioning voyage with the oil trading arm of a major financial institution.
Delivery, Charter of Aframax Tanker Asahi Princess
Tsakos Energy Navigation Limited (NYSE:TNP) announced the delivery and charter of DNA-aframax tanker Asahi Princess from Sumitomo Heavy Industries in Japan. The vessel was placed on a one-to-four month repositioning time-charter with a major international oil trader. Upon expiry of the charter, the vessel will be redelivered to its intended operating area, the mid-Atlantic basin. “We welcome the Asahi Princess into our fleet, the sixth DNA aframax tanker, in a series of eight that we signed with the Sumitomo yard in the summer of 2004,” said Mr. Nikolas P. Tsakos, President and CEO of TEN. “We are confident that this vessel, as is the case with its sister-ships, will play a major role in the cash flow generating ability of TEN for the years to come.
Sumitomo And Mitsui Finalize Merger Conditions
Sumitomo Marine & Fire Insurance Co. and Mitsui Marine & Fire Insurance Co. on Tuesday announced terms under which they will merge next October, creating Japan's largest non-life insurer with assets of 5.7 trillion yen ($51.6 billion). In a joint statement, the companies said 1.09 Mitsui Marine shares will be allocated for one Sumitomo Marine share. The merged entity will be named Mitsui Sumitomo Insurance Co. with Mitsui Marine president Takeo Iguchi and Sumitomo Marine president Hiroyuki Uemura serving as co-chief executive officers. Mitsui Marine, currently Japan's third-largest casualty insurer, and fourth-ranked Sumitomo Marine agreed to merge in March.
Jinhui Unit To Buy Bulk Carrier
One of Jinhui Holdings Co. Ltd.'s indirect subsidiaries reportedly agreed to pay Sumitomo Corporation $20.8 million for a bulk carrier.
Japanese Shipyard Orders CleanBallast
RWO Marine Water Technology, a part of Veolia Water Solutions & Technologies, has received an order for three of its ballast water treatment systems CleanBallast from the Japanese shipyard Sumitomo Heavy Industries Marine & Engineering Co. Ltd. (SHI-ME). The shipyard located in Yokosuka, Japan, has built in excess of 1,300 ships. Specialising in medium-sized tankers with high added value SHI-ME has a reputation in the industry as one of the technology leaders. The ballast water…
Mitsui Marine, Sumitomo To Merge
Sumitomo Marine & Fire Insurance and Mitsui Marine & Fire Insurance have agreed to merge by April 1, 2002, in a move that would create Japan's largest non-life insurer. With combined assets of $51.7 billion, the merged company would outstrip current industry leader Tokio Marine & Fire Insurance, whose assets stand at $48.5 billion. Mitsui Marine is Japan's third largest non-life insurer, and Sumitomo Marine the fourth biggest. Analysts say the merger is set to accelerate consolidation in the sector, where competition is intensifying due mainly to the deregulation of insurance premiums in July 1998. Sumitomo Marine and Mitsui Marine said they will unveil a detailed merger plan in March. Both companies had said two weeks ago that they were in talks on forming an alliance.
Sumitomo Mitsui to Double Overseas Banking Staff
According to a Bloomberg report, Sumitomo Mitsui Financial Group Inc. will double its overseas banking staff that works on financing for ship construction, as Japan's biggest arranger of such deals tries to take advantage of surging demand for vessels. China's appetite for iron ore will boost demand for vessels with cargo capacity of more than 100,000 tons by 44 percent between last year and 2010, according to a report last month by Mitsui O.S.K. Lines Ltd., owner of the world's largest merchant fleet. Corporate lending at Japan's biggest banks contracted 0.7 percent from a year earlier in September, the sixth straight month of declines, a Bank of Japan report showed last month. Sumitomo Mitsui lent $2.7b for ship construction in 2006, according to the U.S. magazine Marine Money.