Friday, February 11, 2011

HHI Developing Next-Gen. Liquefied CO2..

HHI Developing Next-Gen. Liquefied CO2..

HHI Developing Next-Gen. Liquefied CO2 Carriers

Hyundai Heavy and Maersk Tankers are developing next generation liquefied CO2 carriers to be ready for the market by 2015 according to HHI press report released on Aug. 11.

As part of the Finncap project that captures CO2 from power plants in Finland the new carriers will deliver and offload captured CO2 at the injecting wells in the North Sea.

Hyundai Heavy has already completed basic designs for semi-refrigerated and semi-pressurized CO2 carriers in cooperation with Maersk Tankers and also plans to develop multiple-use ships that can carry CO2 /LPG or CO2 /ammonia.

As more governments move to reduce greenhouse gas emission Maersk estimates the global demand for CO2 carriers will increase and reach 380 vessels by 2020.
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STX Pan Ocean Rebounds in 2nd Qtr


STX Pan Ocean Rebounds in 2nd Qtr

STX Pan Ocean Co. Korea's leading bulk-shipping line announced a profit in the second quarter rebounding from a year earlier on higher shipping rates.

Net profit reached 503 million won (US$424 000) in the April-June period compared with a loss of 39.4 billion won a year earlier according to the company's regulatory filing.

Sales surged 73% to 1.79 trillion won over the cited period. The shipper also posted an operating income of 43.9 billion won in the second quarter compared with an operating loss of 80 billion won in the same period of 2009.

In a separate filing STX Pan Ocean said it plans to spend 199 billion won to place an order to build three ships for transporting goods and personnel to and from offshore oil platforms as part of an effort to diversify its business portfolio.

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STX to Build a Globetrotter Class Drill Ship for Noble Drilling

STX to Build a Globetrotter Class Drill Ship for Noble Drilling

Seatrade Asia reported that South Korea's STX Offshore & Shipbuilding has won a contract build the second US$550 million Huisman designed Globetrotter class drill ship for Noble Drilling.

The Noble Globetrotter II drill ship is the second unit to be built for Switzerland based Noble using a two phase process. The hull will be built by STX at their yard in Dalian and will then be delivered to the Netherlands where Huisman will oversee the installation and commissioning of the topside equipment.

The newbuilding will measure 189 meters long and 32 meters wide and will use Huisman's multi purpose tower design capable of conducting both drilling and pipe assembly operations contemporaneously.

The drill ship will be capable of drilling to a vertical depth of 40 000 feet and will feature DP-3 station keeping ability 18 000 tonnes of variable deck load and accommodation for 180 people.

 

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Daewoo Wins US$230 Million Order From Singapore

 
Daewoo Wins US$230 Million Order From Singapore

Daewoo Shipbuilding & Marine Engineering Co South Korea's second-largest shipyard has signed a US$230 million order to build two container ships Yonhap News Agency reported.

The deal with Singapore's Neptune Orient Lines (NOL) the world's fifth-largest container shipping company calls for Daewoo Shipbuilding to deliver the ships by the end of 2012 the shipbuilder said in a statement.

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China Drills High-Tech Drill Ship Mart

China Drills High-Tech Drill Ship Mart

China Drills High-Tech Drill Ship Mart
China rallying in the global shipbuilding race has entered the high-tech drill ship market on the back of domestic demand.

According to a report by Motorship China's Cosco Dalian Shipyard has been awarded a US$500 million turnkey EPC (Engineering Procurement and Construction) contract by Dalian Deepwater Development to build an advanced and versatile DP3 deepwater drillship.


This unique vessel with a hull size of 291m by 50m is designed to operate efficiently and safely in harsh environments and at ultra-deep water depths up to 10 000 ft (3 050m) with drilling depths exceeding 30 000 ft (9 150m).

The vessel will have a separate production moon-pool with the largest variable deck-load capacity deck space and cargo storage capacity in the world. The drillship is upgradeable for enhanced well intervention capabilities extended well testing and early field production with 1- million-barrel crude oil storage capacity.
Cosco Dalian’s contract with Dalian Deepwater Development became effective on July 20 with the vessel expected to be delivered in the third quarter of 2012.


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Shipbuilding & Marine S/W Convergence..

Shipbuilding & Marine S/W Convergence

Shipbuilding & Marine S/W Convergence Tech
Commercialization Project Launched

On July 27 Busan IT Industry Promotion Agency and Gyeongnam Robot Industry Foundation held a report session on the launch of a 'Project to Commercialize Shipbuilding & Marine Software Convergence Technologies for the Southeast Sphere' at the Paradise Hotel in Busan.

With this session as the start the two organizations took up development of fusion technologies in six fields that will lead  the advancement of IT industry structures as well as regional shipbuilding and marine equipment industries through fusion of shipbuilding and marine industries with IT and S/W.

Earlier Busan Metropolitan City and Gyeongnam Province filed an application for this project with the Ministry of Knowledge Economy to promote as a regional S/W convergence business for two years until 2011 targeting the common goal of stimulating the southeast sphere's shipbuilding & marine + IT industries. Subsegmently the ministry selected it as the most promising task early this year.

The six tasks to be promoted are 'Establishment of AtoN AIS-based Navigation Signs Management System' (New Marine Engineering); 'Establishment of an Integrated Platform for Small & Medium-size Repair Shipyards' (eCIS); 'Development of 3D Design Model-based As-Built Information Management System' (Samin Information System); 'Development of Corrosion Monitoring System Utilizing Corrosion Sensor' (Uli Information); Development of Control Valve Integration System with Application of NMEA2000/Mits' (Shilla Information); and 'Development of Remote-controlled Health and Safety System for Realization of Smart Ships' (Extriple).

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Netherlands Shipbuilding Buyers Have Com

2010-05-29


Netherlands Shipbuilding Buyers Have Come to Korea to Buy Parts

Europe's largest shipbuilding power Netherlands shipbuilders visited Korea this week. KOTRA invited 10 major shipbuilding companies from the Netherlands and held a "Holland Marine Equipment Trade Meeting" in Busan. They visited a shipyard of Huyndai Heavy Industries in Ulsan in the afternoon on 28th of May Netherlands shipbuilding companies construct high-speeding ferries speed cargo ships special fishing boats and warships in Europe. And Korea ship export is expected to expand to ship equipment high value-added materials due to this companies' visiting.

Especially major shipbuilding companies such as Damen Shipyard Europe's largest shipbuilding company IHC Merwede where they occupy 50 percent of world market share and Damen Naval Shipbuilding specialized in warships attended. The collaboration with Netherlands makes it possible to enter the European marine equipment market size of  26 billion Euros.

So far buyers were impressed by excellent quality products of Korea such as Marine engines engine parts propellers and drive system's main components and the lifeboats deck equipment auxiliary equipment other pipes cabin parts and many others compared to China where was reported the quality problems on hull blocks and valves heat exchangers An official from KOTRA said "the Netherlands has been operating a long-term plan named 'LeaderSHIP 2015' for development of the shipbuilding industry. Since this plan pursues enhancing the competitiveness of the shipbuilding industry as part of the plan the outsourcing for marine equipment is expected to increase. Therefore Korean export firms need aggressive efforts." 

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Thursday, February 10, 2011

Cruise Ind. Development Roadmap Due


Cruise Ind. Development Roadmap Due


The Ministry of Land Transport and Maritime Affairs (MLTM) prepared a marine tourism & leisure industry activation plan to nurture related industries as new growth engines.

To foster the marine tourism & leisure field where demand is increasing sharply owing to the adoption of the five-day workweek and improvement in transportation accessibility MLTM plans to expand infrastructure to support the industry and develop diverse tourism programs actively.

The core of MLTM's plan includes preparing infrastructure to enable the general public to learn and enjoy non-motorized water leisure activities and sports such as windsurfing and waterskiing in city suburbs.

The plan also includes development of cruise terminals at six ports including Busan and Incheon by 2020 to respond to the growing Northeast Asian cruise market demand which is emerging as a Blue-Ocean opportunity.

To achieve its goals MLTM intends to promote onboard immigration procedures to increase visits of international cruise ships to Korea and to develop traditional culture experience programs at domestic ports of call jointly with other related ministries. The ministry also decided to prepare a 'Cruise Industry Development Plan' to accelerate the participation of Korean ocean-going shipping companies in the cruise industry.

In addition MLTM intends to develop diverse tourism programs and stimulate new marine tourism demand.

Overview of Planned Facility Expansion Cruise Terminals etc.

■ Promotion Goal

o Expand exclusive international cruise terminals at foothold ports to respond to future cruise demand and support stimulation of regional economies.
- Already secured exclusive cruise piers at Busan (Yeongdo) and Yeosu (New Port)


■ Promotion Status

o Commence construction of an international cruise terminal at Jeju Port (MLTM June '12)
* Implementation design for Ganjeong Cruise Terminal in Seoguipo is underway (Nov. '09 ~ Sept. '10)


o Negotiations for construction of an international passenger (cruise) terminal at the South Port of Incheon ongoing (IPA June '09)
* IPA (Incheon Port Authority) is constructing infrastructure facilities for the international passenger terminal (Dec. '09 ~ Aug. '12)


o Completed feasibility study and basic design service contracts for privateinvested international passenger (cruise) terminals at Pyeongtaek and Dangjin ports (MLTM Apr. '09 ~ Jan. '10)

o Completed implementation design for construction of a cruise terminal at Yeosu New Port (2012 Yeosu Expo Organizing Committee Feb. '09 ~ July '10)



Cruise Industry Cultivation Plan

■ Promotion Background


o The cruise industry is a high value-added industry for the 21st century that has positive ripple effects on related industries such as shipping tourism shipbuilding airline interior outfitting etc.

o To solidify Korea as a representative port of call in the Northeast Asian cruise market nurture Korean cruise shipping companies and create high value-added marine tourism service market.

■ Major Content

o Actively induce domestic calls by foreign international cruise ships

* Develop high value-added experience-type tourism programs simplify immigration inspection procedures reduce port facility utilization fees and establish a manpower cultivation system

* Select key regions for inducement of domestic ports of call and support marketing; build overseas publicity networks and strengthen sales promotion

o Create infrastructure to nurture Korean cruise shipping companies

* Support securing of ships for Korea's international cruise ship companies and expand the scope of employment for foreign sailors as Korean cruise ship crew.

o Organize Cruise Tourism Promotion Council and activate information exchanges

* Organize and operate a Cruise Tourism Promotion Council strengthen international cooperation in the Northeast Asian region manage statistics and build an information-sharing system.

■ Future Promotion Plan

o Prepare 'Cruise Industry Activation Plan' through collection of opinions from local autonomous bodies Korea Tourism Organization (KTO) port authorities etc. and consultations with related ministries (Dec. '10)




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KR Designated as COSD in Ship & Marine..


KR Designated as COSD in Ship & Marine Tech Fields

On July 21 the Korean Register of Shipping (KR) acquired designation of a COSD (Cooperating Organization for Standards Development) in ship and marine technology field from the Korean Agency for Technology and Standards (KATS) Ministry of Knowledge Economy.

Accordingly KR will develop and manage national industrial standards for 300 technologies in the ship and marine technology fields over the next three years including ships and marine technology (ISO/TC8) lifesaving and fire protection (ISO/TC8/SC1) marine environment protection (ISO/TC8/SC2) ship design (ISO/TC8/SC8) intermodal inland navigation and short-sea shipping (ISO/TC8/SC11) marine energy (IEC/TC114) and electrical installations of ships and mobile and fixed offshore units (IEC/TC18).

With the designation as momentum KR plans to take the lead in strengthening the standards capability of the domestic shipbuilding and marine industries with creation of standardization infrastructure enhancement of standardized technological power support for private standardization businesses cultivation of standards experts etc.

In addition KR also plans to respond actively to the development of international standards and related criteria by IMO (International Maritime Organization) and endeavor to preoccupy international standards so that a domestic key industry marine industry can develop further.

A related KR official said "With the designation of COSD this time KR is now able to respond rapidly to the development of standards and market demands. Therefore we expect to realize the advancement of national standards for reinforcement of our industrial competitiveness in overseas markets at an early date."

COSD is a private organization mandated by the government to assume development and management of national standards ?surveys of the standards development demand establishment of plans technical examination preparation of standards etc. except for government administrative measures such as deliberation and public notice of national standards.

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NEW Hydraulic Holmatro Winch for Classic

NEW Hydraulic Holmatro Winch for Classic Mega-yachts

11/10/2009

Holmatro has launched their biggest winch ever: The New Hydraulic Holmatro Winch. This type 6000 winch is the first of a new range of winches Holmatro has developed for classic mega-yachts.

For the increasing demand in mega-yachts Holmatro has developed a new hydraulic winch. This fully hydraulic winch is extremely rugged and reliable. It is based on an entirely different concept than the current open gear winches with a mechanism that is completely sealed and in normal conditions is virtually maintenance free. This hydraulic winch generates a maximum force of 6 tons with a line speed of 30 meter/minute. These are actual not theoretical figures!

Modern yet classic

The mega-yacht winches are available in both classic bronze and stainless steel design. A custom design of the drum is possible as Holmatro allows customers to adjust the design of a drum to the design of the boat.

Reliable

Because mega-yachts travel many more nautical miles and experience more severe conditions than average cruising yachts Holmatro developed this winch with an ultimate degree of reliability in mind. With its unique and sealed gear housing this winch should outlive the yacht it is placed on.



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Operating Profits of Big 3 Shipbuilder..


Operating Profits of Big 3 Shipbuilders Up in 1st Half '10


Operating Profits of Big 3 Shipbuilder..


Despite continuous declines in sales the big three Korean shipbuilders including Hyundai Heavy Industries (HHI) maintained operating profit growth in the fist half of this year.
According to the business community sales of the big three shipbuilders in the first half fell affected by a reduction in newbuilding volume and unfavorable foreign exchange rates etc. However operating profits rose owing to increases in high value-added ships and decreases in raw materials prices.
HHI's sales in the first half fell 1.7% year-on-year to about 10.64 trillion won. Daewoo Shipbuilding & Marine Engineering (DSME) also recorded sales of about 5.54 trillion won in the first half down 10.2% year-on-year.
In the same period however Samsung Heavy Industries (SHI) alone realized a year-on-year sales growth of 5.9% to reach about 6.36 trillion won.
Compared with the sales declines all three shipbuilders posted an increase in operating profits in the first half. HHI SHI and DSME recorded about 1.65 trillion won up 63.9% 475.5 billion won up 23.7% and 359.8 billion won up 10.5% year-on-year respectively.
A related business official said "Sales decreased due to an overall decline in building volume but operating profits maintained a growth trend thanks to an increase in the ratios of offshore facilities and high value-added ships. Nevertheless operating profits are feared to decrease with the won-U.S. dollar exchange rates falling below the 1 200 won level often having surged to about 1 280 won."


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HHI Posts Strong Performance in 1st Half


HHI Posts Strong Performance in 1st Half

Hyundai Heavy Industries (HHI) announced that its second-quarter net profit more than doubled on its mainstay shipbuilding business sales of construction equipment to China and equity gains from subsidiaries.
The world's biggest shipbuilder Hyundai Heavy earned 910.5 billion won (US$755.4 million) in the three months ending June 30 according to its regulatory filing. The company posted net profit of 393 billion won a year earlier. Sales rose marginally to 5.34 trillion won from 5.33 trillion won.
The company's core shipbuilding business thrived in recent years as booming international trade and China's rapid economic growth spurred demand for new vessels. The global economic slump however stiffled demand though the situation appears to be improving.
HHI received orders for 30 vessels worth $1.64 billion in the first half of 2010 "on the back of the improved shipbuilding market situation compared to the previous year " according to company investor relations materials.
The company benefited in the second quarter as it delivered ships that were ordered two years ago when vessel prices were high. As of the end of May Hyundai Heavy had an order backlog of 226 vessels worth US$25.3 billion.
Hyundai Heavy also benefited from a "faster-than-expected construction equipment sales recovery in China " the company said overall construction equipment revenue more than doubled in the second quarter.
Besides shipbuilding the company also designs and builds offshore facilities such as oil production platforms and pipelines power facilities construction equipment and industrial robots among other products.
Hyundai Heavy said overall new orders totalled almost US$10 billion in the first six months of 2010 nearly tripling from the same period last year and achieving 56% of its new order target for 2010 of $17.7 billion.



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Korea to Rebuild Russian Shipbuilding...



Korea to Rebuild Russian Shipbuilding Industry


With their successful advance into the project for rehabilitation of the shipbuilding industry in Russia Korean shipbuilders are dreaming of creating a new legend of success.
On July 26 STX Group signed an MOU with the Russian state-run shipbuilding company USC (United Shipping Corp.) for cooperation in joint establishment of a technology center to support relocation of a USC shipyard and to develop arctic-capable ships.
Under the MOU STX will provide support for design construction and manpower training and transfer of shipyard operational knowhow etc. associated with the move of USC's Admiralty Shipyard located in the western area of Russia and also jointly establish an arctic ship technology center at the STX shipyard in Helsinki Finland with USC.



Earlier in June Daewoo Shipbuilding & Marine Engineering (DSME) signed an MOU with USC for establishment of a joint-venture company to build shipyards.

Under the MOU DSME and USC decided to create an additional one-million-square-meters site at USC's military shipyard which is presently building and repairing frigates and build a modern shipyard for commercial ships and marine plants equipped with the latest production facilities dry dock goliath crane etc.
In consideration of the APEC Summit scheduled for Vladivostok in 2012 in particular the two sides agreed to complete the shipyard before that time.
After signing an agreement with USC to build a shipyard in October last year DSME has participated in the modernization of the Zvezda Shipyard located in the Far East region of Russia and  taken up production of various plants at the shipyard.
Under the catch-phrase 'Own Country's Building Principle ' together with securing the facilities from a national perspective Russia is promoting the rehabilitation projects in pursuit of a 'Strong Shipbuilder Nation.'  And USC which was established in March 2007 during the tenure of Vladimir Putin's presidency is assuming overall responsibility including development of modernization policies integration by sphere investment etc.




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Posidonia prepares for a real Asian inva

Posidonia prepares for a real Asian inva


Posidonia prepares for a real Asian invasion

5/17/2010
Posidonia 2008
This year뭩 popular trade fair Posidonia will become the largest edition ever held with a coverage of 30 000 square meters. Posidonia 2010 will be held from June 7 till June 11. The trade fair will bring around 1 800 exhibitors from 86 countries and more than 17 000 Greek and international professionals of the shipping industry together along with government officials.
The number of square meters this year has grown compared to Posidonia뭩 edition in 2008 with up to 12 per cent. A big part of this growth is realised thanks to the large number of Asian exhibitors who will present themselves at nearly 10 per cent of the available space of the Hellenikon Exhibition Centre. Maritime Japan Korea and China see a lot of business opportunities in this Greek maritime trade fair. And so is the Netherlands who presents a Maritime by Holland Pavilion with fifteen Dutch companies.?/P>
Maritime by Holland Pavilion
Fifteen Dutch companies will show their latest innovative developments and products at Posidonia in the Maritime by Holland Pavilion in Hall 4 booth number 440. Together these participants offer a wide range of marine technology and services to the Greece shipbuilding industry. The Maritime by Holland Pavilion is officially sponsored by NL EVD International part of Agency NL of the Ministry of Economic Affairs.
Decision makers from Greece shipyards design institutes ship-owners yacht builders offshore operators state agencies and equipment manufacturers will be most welcome at the Maritime by Holland Pavilion and Holland Lounge in Hall 4 booth number 440. ?/P>
Asian invasion
Traditional and emerging maritime markets from Asia look set to firm their grip on world shipping through an all-time record participation at Posidonia 2010. Asia뭩 participation with Japan Korea and China leading the pack will feature two national pavilions. India is also making its mark felt this year with its first ever 300 square meters pavilion propelled by the Shipyards Association of India. Asia뭩 leading players at the event will be Korea뭩 KOSHIPA and KOMEA Japan뭩 Ship Exporters?Association (JSEA) and Japan Marine Equipment Association (JSMEA) and China뭩 Chinese Council for Promotion of International Trade (CCPIT) Chinese Shipbuilding Industry Corporation (CSIC) and Cosco Shipyard Group.
Besides the Asian and the Dutch national pavilions the trade fair visitor can find pavilions of The Bahamas Belize Cayman Islands Croatia Cyprus Denmark France Liberia Malta Panama Romania Singapore Sweden Turkey United Kingdom and USA.





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