Hyundai Launches World‘s Largest FPSO

Hyundai Launches World's Largest FPSO

 

On Nov. 11, Hyundai Heavy Industries (HHI) held a naming ceremony for the Usan FPSO, the world's largest floating production storage and offloading facility. The Usan FPSO can refine 160000 barrels of oil and 5 million cubic metres of gas daily. It has storage for 2 million barrels of oil. The facility is 320m long, 61m wide, 32m high and weighs 116000 tons. HHI's FPSOs are preferred in the offshore industry as they are easy to install and do not require pipelines to export oil and gas. Attending the naming ceremony were HHI chief operating officer Kang Chang-june, Total executive director for external affairs John Addeh, and 300 guests. The $1.7 billion FPSO was ordered by French supermajor Total in February 2008. Cutting-edge technologies such as three-dimensional simulation during module installation to assess risks and drydock loading of four sets of topside modules are a paradigm shift in the industry, shortening construction time by up to a month and increasing reliability and worker safety. After trial runs in Ulsan, Usan FPSO will sail out for the Usan Field at the end of March 2011. The Usan Field is located 100km south of Port Harcourt, Nigeria. HHI has built ten supersize FPSOs, each with 2 million barrels or more storage capacity, for oil majors worldwide since its first FPSO for Petrobras in 1996. Currently the company has a 60% market share in the burgeoning supersize FPSO business. HHI is an integrated heavy industries company with business divisions specializing in shipbuilding, engine and machinery, offshore and engineering, industrial plant and engineering, electro electric systems, and construction equipment. KOMEC QR CODE   /   KOMEC Blog QR CODE Click Here Global Brand A/S Hub of Marine Equipment

Digital Welding Boosts Shipbuilding

Digital Welding Boosts Shipbuilding

 

In a move to cut costs and raise productivity, Hyundai Heavy Industries is expected to become the first shipbuilder in the world to adopt digital welding processes in shipbuilding. Korea’s leading shipbuilder said Nov. 4 that the digital welding will gradually be applied starting next year. By 2015 all welding process will be digitalized. The company said the digital welding process will improve productivity by 20 percent, reducing 1 million manpower hours on welding every year. The manpower savings would result in the building of five additional 300000-ton very large crude carriers. The company said this would also result in cost savings of more than 100 billion won. The digital welding process standardizes the quality of the welding instead of depending on the individual skills of welders. Information about voltage and electric currents involved in the welding process appears on a LCD display. “With the digital welding system, anyone can become a skilled expert whatever their past skill and experience,” said Kim Hyun-cheol at Hyundai Heavy Industries. “This is an innovative technology that will change shipbuilding,” he added. (Joong Ang Daily) KOMEC QR CODE   /   KOMEC Blog QR CODE Click Here Global Brand A/S Hub of Marine Equipment

Daewoo boosts Q3 Net Profit

Daewoo boosts Q3 Net Profit

 

Daewoo Shipbuilding and Marine Engineering, said Oct. 19 its third-quarter net profit rose 56% from a year earlier due to cheaper raw materials. Net profit for July to September was 298.1 billion won (261.5 million dollars), up 56 percent from 191.3 billion won a year earlier. Operating profit soared by 119 percent to 347.4 billion won from 158.7 billion won in the third quarter of 2009. Sales amounted to 2.961 trillion won, down 4.4 percent from 3.097 trillion won. Daewoo said the price of raw materials such as steel had stabilised, boosting its margins. "We expect that the upward (earnings) trend will be maintained as raw material prices are expected to show little volatility for a while," it said in a statement. CEO Nam Sang-Tae said the company would "aggressively invest" in new businesses including renewable energy sources, according to the statement. The shipbuilder won orders worth 7.3 billion dollars during the first seven months of this year, including a deal in July to build 10 container ships for an unnamed global ship operator. In August it also signed a 1.8 billion dollar deal to build a floating oil production and storage platform for French energy giant Total. (AFP) KOMEC QR CODE   /   KOMEC Blog QR CODE Click Here Global Brand A/S Hub of Marine Equipment

Korea Leads World in Offshore Drilling Platform Orders

Korea Leads World in Offshore Drilling Platform Orders

Rising fuel prices abroad are prompting more exploration of deep sea oil reserves and raising demand for offshore platforms drilling for liquefied natural gas. Findings for the first half of this year show Korea's shipbuilding industry led the world in securing orders for the platforms. Industry analysts including Clarkson said Samsung Heavy Industries has won orders for all three offshore drilling platforms placed this year. Korean firms for the past three years have landed all 14 global orders for offshore drilling platforms. (english.chosun) KOMEC QR CODE   /   KOMEC Blog QR CODE Click Here Global Brand A/S Hub of Marine Equipment

Marine Tech Korea 2010 Kicks Off in...

Marine Tech Korea 2010 Kicks Off in Changwon

Marine experts from 30 different countries gathered in Korea on Oct. 20 to participate in the country's second largest exhibition for the shipbuilding and marine technology industries. Hosted by the city governments of Changwon, Geoje and Tongyoung, the country's largest shipbuilding cluster, Marine Tech Korea 2010 raised its curtains for the third time in Changwon, South Gyeongsang Province. Selected as one of the nation's top ten promising events by the Ministry of Knowledge Economy, Marine Tech Korea allows visitors to gain first-hand experience with world-class, high-tech products from Korea all in one place. Major fields include shipyards and shipping equipment, LNG and offshore plants… and other materials used at ports and terminals. Import and export consultations, along with a tour of Changwon's major shipyards… are also provided for visiting foreign ship owners and buyers. On the sidelines of the main event, various seminars and forums are scheduled… to discuss ways for further development of Korea's shipbuilding and marine industry… in the evermore competitive global market. And in the wake of the recent Korea-EU free trade agreement signing, a Korea-EU congress will also be held… to seek ways to boost shipbuilding cooperation between the two sides. (Arirang News) KOMEC QR CODE   /   KOMEC Blog QR CODE Click Here Global Brand A/S Hub of Marine Equipment

Hanjin develops Marking Robot

Hanjin develops Marking Robot

Korea's Hanjin Heavy Industries & Construction announced on Tuesday that it has developed, in cooperation with the technician staff of Korea's TMS, the Marking Robot for Shipbuilding (MRS), which can automatically weld various marks and letters on the outer hull.

Hanjin shortened the existing five steps of the working process to two steps - marking standard lines and welding - through the MRS, enhancing both quality and productivity. MRS allows a three-dimensional welding in vertical, horizontal and slope and free setting of voltage, current and speed when welding. Also, Hanjin developed MRSPG, a kind of motion generating automatic program, which easily converts the information of design drawings to mark all kinds of shapes of letters.

An official from Hanjin said, "We have already introduced the high performance outer hull letter marking robot at our shipyards in Youngdo, Korea and Subic in the Philippines, streamlining work processes and heightening the quality."

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Hyundai supplies HiMSEN for nuclear plant

Hyundai supplies HiMSEN for nuclear plant

Hyundai Heavy Industries first supplies its HiMSEN engines

for Korea's nuclear power plant.

The company announced today that it has recently inked a turn-key

contract with Korea Hydro & Nuclear Power, to replace a time-worn

emergency electric generator for Gori Nuclear Power Plant 1,

Korea's first nuclear power plant of which commercial operation

initiated in 1978, located in Gori, Jangan-eup, Gijang-gun,

Busan Metropolitan City.

Hyundai will install a new emergency electric generator where

 two HHI-developed 4,000-kW HiMSEN engines will be loaded.

The engines, core equipment for the emergency generator,

had been so far supplied by overseas companies like

 MAN Diesel & Turbo and Wartsila.

It is for the first time that Korean company-developed engine

 is used for a nuclear power plant emergency generator.

                                                             

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Daewoo Shipbuilding Acquires Stake in Angolan...

Daewoo Shipbuilding Acquires Stake in Angolan Shipyard
 

Daewoo Shipbuilding and Marine Engineering, announced that it has acquired a 30 percent stake in Porto Amboim Estaleiros Navais in Angola. Daewoo, South Korea's second biggest shipbuilder, indicated that the contract was signed last Thursday in Luanda and that it will take part in managing the Angolan shipyard. The value of the deal was not disclosed. Paenal opened in August 2008 and results from a US$208.3 million investment by the partnership comprising the Angolan state oil company Sonangol Holdings (10 percent) and the Dutch service company SBM Offshore N.V. (90 percent). Sonangol Holdings subsequently raised its stake in Paenal to 40 percent. The two other partners - Daewoo Shipbuilding and Marine Engineering and SBM Offshore N.V. - now split the rest with 30 percent each. Sonangol has previously ordered liquid natural gas carriers from Daewoo Shipbuilding worth more than US$10 billion since 1995. According to Daewoo, the three companies plan to invest US$100 million in Paenal, so that by 2012 it can be transformed into a technologically advanced shipyard with 2,000; tonne cranes and more dock-space. In Africa, Daewoo maintains a shipping partnership with the state-held Nigerian National Petroleum Corp. and last July signed a preliminary agreement to acquire 49 percent of Impinda, a shipping company held by Khulubuse Zuma, nephew of South African President Jacob Zuma. (macauhub) KOMEC QR CODE   /   KOMEC Blog QR CODE Click Here Global Brand A/S Hub of Marine Equipment

S.Korea‘s STX Wins Lucrative Shipbuilding Order

S.Korea's STX Wins Lucrative Shipbuilding Order
 

Korea's STX Offshore and Shipbuilding said Oct. 26 it had won a US$ 1.4 billion order to build large cargo ships for an European shipper. The company said it would deliver 10 ships from the second quarter of 2013, without naming the buyer at its request. STX said each ship, which are 365 metres long and 48 metres wide, would be built in the southern port city of Jinhae. "As the global shipbuilding industry is showing signs of recovery in the last half of this year, shippers' orders are reviving in earnest," it said in a statement. KOMEC QR CODE   /   KOMEC Blog QR CODE Click Here Global Brand A/S Hub of Marine Equipment

Subic Projects is Landmark of Korea...

Subic Projects is Landmark of Korea-RP Tie-ups
 

South Korean Ambassador to the Philippines Lee Hye Min visited Subic Bay Freeport for the first time and was welcomed by Subic Bay Metropolitan Authority (SBMA) chairman Feliciano Salonga and SBMA administrator Armand Arreza on Oct. 14. Lee said during the meeting that the economic relationship between South Korea and the Philippines has developed significantly after Korean shipbuilding giant Hanjin Heavy Industries Corp. (HHIC) established its shipyard in the Subic Bay Freeport in 2006. “It is the landmark of our friendship,” the ambassador said, referring to the Hanjin investment project that now employs about 18600 workers. The ambassador also expressed his wish that the Korean shipyard in Subic, will continue to prosper with the Philippine government’s help. At the same time, the Korean envoy lauded the SBMA for preserving the good natural environment of Subic and maintaining “exceptional peace and order” that are now attracting tourists and investors, especially Koreans. “Koreans are concerned most about their security, but they are content with what you have in Subic Bay. Because of this, there are many economic opportunities that await the Philippines from our investors, tourists and students,” said Min. Salonga, meanwhile, told the ambassador that Filipinos are learning to work well with Koreans. “While you are bringing in investors and tourists to Subic, we provide you with quality service and the best manpower in the region,” Salonga also said. Meanwhile, Arreza told Min that there are now 183 Korean companies located in the Subic Freeport, including seven language schools whose Korean teaching staff and students now enjoy the safe environment and well-maintained peace and order. Arreza added that aside from Hanjin, which is currently developing the second phase of its Subic shipyard with an additional $500-million investment, three more major Korean projects have been lined up for construction. (mb.com.ph) KOMEC QR CODE   /   KOMEC Blog QR CODE Click Here Global Brand A/S Hub of Marine Equipment

Marine Geophysical Data and Undersea Feature Names Opened

Marine Geophysical Data and Undersea Feature Names Opened The Korea Hydrographic and Oceanographic Administration (KHOA) under the Ministry of Land, Transport and Maritime Affairs (MLTM) held the 5th International Symposium on Application of Marine Geophysical Data and Undersea Feature Names at the Haeundae Grand Hotel in Busan, Korea on Oct. 21st 2010. With the advent of Ocean Era in the 21st Century, both academic and policy interests in the oceans have expanded from marine to submarine areas. Accordingly, experts have actively explored and named new marine geographical features. As part of such efforts, the 1st Symposium was held in 2006 for international experts to share and discuss their achievements in the researches on undersea features. The 5th International Symposium was opened by the key note speech from UNGEGN (United Nations Group of Experts on Geographical Names) Chair Helen Kerfoot. Under the two themes of ‘Role and Importance of Marine Research at the National Level’ and ‘Mapping and Management of Marine Geophysical Data’, the symposium then consisted of several presentations and discussions by renowned experts from home and abroad including Dr. Hans-Werner SCHENKE, Chairman of IHO-IOC (International Hydrographic Organization-Intergovernmental Oceanographic Commission) GEBCO SCUFN (Sub-Committee on Undersea Feature Names). This International Symposium regarding undersea feature names would provide a valuable opportunity to understand the policies and activities of related international organizations, establish a network among experts, and promote the submarine feature studies and naming of Korea as international standards. Korea plans to continuously hold this International Symposium on Application of Marine Geophysical Data and Undersea Feature Names in the future as well in order to contribute towards not only directly promoting our standing on the internationally disputed feature names such as Donghae and Dokdo, but also securing a leading position in the global arena in terms of submarine feature names. KOMEC QR CODE   /   KOMEC Blog QR CODE Click Here Global Brand A/S Hub of Marine Equipment

Hyundai to build biggest solar cell plant in Korea

Hyundai to build biggest solar cell plant in Korea Hyundai Heavy Industries (HHI), which runs the world's biggest shipyard, has teamed up with Compagnie de Saint-Gobain SA, Europe's top supplier of building materials, to build the biggest solar cell-producing plant in Korea. In a press release, the shipbuilder said the plant will be completed in the first half of 2012 at an estimated cost of 220 billion won. "Hyundai and Saint-Gobain will be 50-50 equal partners. Hyundai is aiming to become the world’s fifth-largest solar cell manufacturer by 2015," said senior Hyundai spokesman Kim Kwang-guk, Monday. The production capacity of the cells made at the plant will be boosted to 400 megawatts (MW) by the end of 2015 from an estimated annual capacity of 100 MW in the initial phase, according to Kim. "The facility will make copper indium gallium diselenide (CIGS) thin-film solar cells as Hyundai believes in the marketing potential of CIGS cells, given their high conversion efficiency and low manufacturing cost," Kim added. CIGS technology is still currently in its "infant stage" and no company has begun mass production. The announcement comes after Hyundai injected more resources to raise its presence in the solar-cell and wind-power areas ― two promising new corporate earnings drivers ― amid a stalled shipbuilding sector. "One key point is HHI has been diversifying its business portfolios for corporate sustainability. Heavy dependence on shipbuilding doesn’t guarantee our future," said a senior Hyundai executive, adding the company is looking to strike another acquisition deal in the non-shipbuilding sector. According to the company, Hyundai invested 280 billion won in renewable energy resource, last year ― some 20 percent out of the total 1.43 trillion won that it had allocated for facility investment in 2009. As part of the consistent drive toward non-shipbuilding sectors, Hyundai issued 300 billion won in corporate bonds for the first time last year, though the continued bearish market was heavily weighing on most leading shipbuilders. It recently struck a $700 million deal to build a solar-cell plant in the United States, while it is additionally eyeing the wind power market in China. "HHI’s solar-cell business has been on the upswing, helping it secure its bottom line even under a market downturn," said Song Jae-hak, an analyst at Woori Investment. Hyundai’s Kim said the company is aiming to reap 1 trillion won in sales from the solar-cell business from 150 billion won in 2009. As of the end of August, this year, Hyundai has $9.96 billion worth of orders from non-shipbuilding sectors ― some 77 percent of its current total orders of $12.944 billion, while sales from non-shipbuilding sectors took up 64 percent of the total during the first eight months of 2010.

Japan‘s equip makers target China

Japan's equip makers target China

Japan's shipbuilding equipment makers are reviewing

their strategy to enter Chinese market.

With Chinese shipbuilding output expected to hit the largest volume

in the world this year, Japanese ship parts suppliers are examining ways

to expand their entry into the fast-growing shipbuilding power.

Japanese companies have maintained their world-class competitive

edge in technology and trustworthiness but they are now required to

enhance price competitiveness and strengthen sales activity.

Meanwhile, due to strong yen causing difficulties for Japanese firms in

securing export orders, they are considering ways of local production.

In Chinese ship parts market, European products dominate while local

 makers are emerging. Companies from other countries like Singapore are

also eyeing the new shipbuilding power.

Japanese makers boast of their unique technologies in their sales campaign,

such as reduction of pipework, minimizing engineering risk

and installtaion space, etc.

Considering Chinese local contents policy of 'Chinese products,

Chinese make' as well as persisting high yen situation,

Japanese ship equipment manufacturers are also seriously

weighing ways of local production in China.

While responding to compatriot shipbuilders' Green Ship movement,

Japanese marine equipment suppliers are also expected to

aggressively exploit Chinese market going forward.



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Hyundai Heavy to Build Korea‘s Largest CIGS Thin-film Soar Cell Plant

Hyundai Heavy to Build Korea's Largest CIGS Thin-film Soar Cell Plant

 

Hyundai Heavy has taken the first step in building Korea's biggest CIGS(copper, indium, gallium, selenide) thin-film solar cell plant. The investment agreement signed with France's Saint-Gobain and Chungcheongbuk-do is to build a 400 MW GIGS solar cell plant in Ochang Foreign Investment Zone, Chungcheongbuk-do , by 2015. Construction is scheduled to start from March 2011. Upon completion, the 231000 ㎡ solar cell plant will have four solar cell manufacturing buildings with an annual production capacity of 100 MW CIGS each and one administration office building. Last October, Hyundai Heavy and Saint-Gobain established the joint venture company Hyundai Avancis that can help to advance mass production of thin-film solar cells in the Korean market. Kim Jung-rae, a senior executive vice president of Hyundai Heavy said "The new plant makes Hyundai Heavy the sole Korean company producing both thin-film and crystalline solar cells. Upon completion of the plant, we can achieve our target of being a Global Top 5 CIGS solar cell manufacturer by 2015." The new factory is also expected to have a positive effect on the economy of Chungcheongbuk-do by creating about 1000 new jobs and boosting local tax revenues.   KOMEC QR CODE   /   KOMEC Blog QR CODE Click Here Global Brand A/S Hub of Marine Equipment

Shipbuilder STX Plans US$400 Mil...

 

Shipbuilder STX Plans US$400 Mil. Singapore IPO

STX Offshore and Specialised Vessels (STX OSV), plans to raise $400 million from an initial public offering in Singapore, Reuter reported Oct 13. STX OSV is a division of Norway-based shipbuilder STX Europe STXEURNOK.NG, which is in turn part of STX Offshore & Shipbuilding. The STX group has another unit called STX Pan Ocean whose shares are listed in Korea and Singapore. Last week, Norway's BW Offshore, a part of the maritime BW Group, said it was aiming for a dual listing in Singapore in the first half of 2011. KOMEC QR CODE   /   KOMEC Blog QR CODE Click Here Global Brand A/S Hub of Marine Equipment

Eco-Friendly HMD

Eco-Friendly HMD  

Hyundai Mipo Dockyard (HMD) completed the greenhouse gas inventory which will help with developing strategies and policies for emissions reductions and tracking the progress of those polices. HMD received the greenhouse gas inspection certificate from Korean Standard Association to establish compliance records with allowable emission rates. HMD can control and reduce the emissions from the shipyard efficiently and systematically using the greenhouse gas inventory. KOMEC QR CODE   /   KOMEC Blog QR CODE Click Here Global Brand A/S Hub of Marine Equipment