Thursday, March 3, 2011

Eight HMD Employees Pass MasterCraftsman Test

Eight HMD Employees Pass MasterCraftsman Test



Eight HMD Employees Pass MasterCraftsman Test


Eight HMD employees passed the 48th Master Craftman Test, Human Resources Development Service of Korea announced on October 1.

Five employees from Hull Construction Department passed the welding test; two from Pre-outfitting Department passed the piping exam and one from the Test & Operation Department passed the electrical test.



HMD has 118 employees with Master Craftsman Certificate including 15 with certificates in two or more technical categories.







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STX Signs $240 Mil. Vessel Deal With India

STX Signs $240 Mil. Vessel Deal With India

STX Dalian Shipyard, a subsidiary of STX Group, said Tuesday it has signed a $240 million contract with the state-owned Shipping Corp. of India (SCI) to build three containerships.

The contract is the second the company has signed within a month.

The latest deal is seen by many as a sign of recovery in the shipbuilding after a years-long slump, according to market analysts and company officials.


Under the agreement, the Dalian shipyard will start to deliver the carriers in 2013, the group said in a press release.

"Global shipbuilding is showing signs of turnaround, raising hopes for additional contracts," said a company spokesman.


 Demand for the latest container ships has recently increased.

Market research firm AXS Alphaliner has claimed that the order book for containerships spiked in October following a decline of 27 months.

The situation started to get better in June.

The researcher said it will take some time for the industry to return to normal levels and added that it expects further containership deals to be signed before the end of the year.


 The researcher said it will take some time for the industry to return to normal levels and added that it expects further containership deals to be signed before the end of the year.






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Korea second to none in shipbuilding

Korea second to none in shipbuilding

When it comes to shipbuilding Korea is second to none.


Korea has held top spot for six consecutive years from 2003 to 2009 in overall size of the order book with Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding accounting for over 50-percent of global market share.


According to Lloyd’s World Shipbuilding Statistics, Korea ranked 1st in two of the three key shipbuilding indicators last year with nearly 8.6-million Compensated Gross Tons of new construction orders and 29-million tons of vessel deliveries followed by Japan and China.


CGTs indicate the amount of work that is necessary to build a given ship.


And Korea’s shipbuilding capacity is projected to surpass 50-million gross tons by next year, which is nearly half of the world’s total shipbuilding capacity.”

Experts attribute the country’s world-class know-how to advanced technology based on strong research and development and low dependency on imports of shipboard equipment which some say are what distinguishes Korean-made vessels from those made in China, Korea’s fast chasing rival.


“Korea didn’t become the world’s best over night. Innovative research was conducted over the course of years, such as building several vessels in a single dock, and building ships in water, which I believe were methods first introduced by Korea. China is chasing top spot, but Korea’s advanced technology, especially in specialized ships, will not be replaced any time soon.”


However, experts also add that Korea’s shipbuilders face tough challenges that are more threatening than before as many shipping firms have either delayed or cancelled deliveries following the global financial crisis, which resulted in an unprecedented plunge in vessel orders.


Although there are some signs of economic recovery, observers agree that Korea must counter the crisis by focusing on value-added vessels that differentiate itself from its competitors and also establish a protection shield to mitigate vulnerability from factors that are uncontrollable, such as currency risks.


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Hyundai Heavy Hosts Peruvian President

Hyundai Heavy Hosts Peruvian President



Hyundai Heavy Hosts Peruvian President

Hyundai Heavy announced Peru's President Alan Garcia Perez made an official visit to 
the main shipyard and marine engine factory on November 15.

Accompanied by Foreign Affairs Minister Garcia Belaunde and Trade Minister Ferreyros Kuppers, President Perez had a meeting with Hyundai Heavy's Chairman Min Keh-sik and President Oh Byung-wook to discuss mutual economic cooperation.


Hyundai Heavy Industries exports about USD 10 million of construction equipment including excavators and wheel loaders to Peru each year. Moreover, when the FTA signed this moring by Korean President Lee Myung-bak and his Peruvian counterpart comes into effect, exports to Peru are expected to increase further.






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Part of STX Europe to list in Singapore

                 Part of STX Europe to list in Singapore


Korea’s STX Group plans to list part of its European unit in Singapore to raise up to Won700bn ($633m), as the global shipping industry shows signs of a recovery.


The listing comes two years after the South Korean company took over Norway’s Aker Yards, Europe’s biggest shipbuilder, for Won1400bn. Aker Yards has been renamed STX Europe.


STX Offshore & Specialised Vessels (STX OSV), part of STX Europe, will start trading in Singapore next week after taking subscriptions this week. Goldman Sachs is the sole bookrunner for the IPO.


“The performance of STX Europe is improving after some difficulty last year,” said Lee Sung-hee, an STX spokesman. “STX OSV has continued to win orders despite the industry’s downcycle.”


Although the global shipbuilding industry still grapples with overcapacity amid stiff competition, leading Korean shipbuilders are receiving new orders this year after a severe downturn last year. STX Europe suffered a Won77.1bn operating loss last year but it swung to an Won11bn operating profit in the first half of this year. Its offshore and specialised vessels division has received new orders of $2.2bn so far this year.


“Investors’ response to the IPO will not be bad as the shipping industry is bottoming out,” said Sung Ki-jong, an analyst at Daewoo Securities.


On the back of the recovery in the shipping industry, some Asian shipbuilders are rushing to go public. China Rongsheng Heavy Industries, one of China’s largest shipbuilders, is planning a public offering in Hong Kong this month to raise as much as $2.6bn.


STX OSV will be one of the few Korean companies to be listed in Singapore, which has offered to take over Australia’s stock exchange in a deal worth about A$8.1bn ($8.1bn). STX said that it chose Singapore for the listing because the country has a well-developed shipbuilding industry and it is a “familiar” market to the group as it has another unit, STX Pan Ocean, already listed there.


STX Group has been on an aggressive acquisition trail in recent years and built a shipyard in Dalian, becoming one of the few foreign companies to own a yard in China. The company is expected to use the money raised from the IPO for debt repayment and other operational purposes.



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STX orders drillship equip from STEP

STX orders drillship equip from STEP

STX orders drillship equip from STEP



STEP Offshore, a wholly-owned subsidiary of Aker Solutions, has won a contract from South Korea's STX Offshore & Shipbuilding to supply equipment for a new, dynamically positioned ultra-deepwater Globetrotter-class drillship. The owner of the ship is Noble Corporation.

STEP Offshore will supply equipment for mud mixing, circulation and transfer, bulk storage and transport as well as an advanced control system, to ensure high performance and industry leading HSE standards. The contract value is undisclosed. "We are very proud to be awarded this contract by STX", says Pål Eriksen, President of STEP Offshore. "We look forward to working with STX on this second project. This once again proves we are the preferred partner for critical drilling fluid management applications."

The ship will be built by STX at their state-of-the-art facility in Dalian, China, and then the unit will be transferred to the Netherlands for the installation and commissioning of the topside equipment. STEP Offshore's equipment will be delivered in the second half of 2011.

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Chinese plates attack Korean market



Chinese plates attack Korean market

                                        Chinese plates attack Korean market


Korea's shipbuilders seem to be expanding the imports of steel plates from China as they desperately need to reduce production cost with the ship prices staying in the 60% level of the highest point. Since Chinese steel plates are more than $100 cheaper than Korean ones per ton, using Chinese products helps save a big amount of production cost. 

Samsung Heavy industries will import 200,000 tons of steel plates from China next year, which is a 10 times increase compared to this year. Other large shipbuilders are also considering expanding the imports of Chinese steel plates, perplexing Korean steel producers, which have competitively expanded their steel-production facilities. 

As Chinese steel manufacturers enter into the Korean steel plate market, which has suffered from a hard-core short supply, there rise signs of changes in the dominion of the steel industry. The deterioration of profitability is also forecast at shipbuilders due to the expectation for a stronger won, which is accelerating the expansion of using Chinese plates.

The total of the steel plates imported from China by October this year was 810,000 tons with Hyundai accounting for 280,000 tons of the total, Daewoo for 180,000 tons and Samsung for 20,000 tons.The annual steel plate production of Korean steel makers currently reaches 13.2m tons in total, which is a 40% increase against last year and exceeds total domestic demand.

Plus, Japanese steel makers are earnestly targeting the Korean market because of the stagnant domestic demand, and Chinese ones are, also, disclosing their plate expansion plan of around 25m tons, threatening Korean steel producers. One official from the Korea Iron & Steel Association pointed out, "90% of the Korean produced steel plates have been for domestic use, but if Chinese rivals are to enter into the Korean market in a full scale, Korean steel makers will have to either increase exports or secure additional buyers urgently." 

Meanwhile, no agreement has been made between Korean shipbuilders and Japanese steel suppliers for the steel plate prices for the first quarter of next year. Japan's steel makers are insisting an increase in price due to a high yen, but shipyards do not accept it for the deterioration of their profitability.







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Wednesday, March 2, 2011

Brazil shipbuilding targets world No.2

Brazil shipbuilding targets world No.2


Brazil's shipbuilders went on to proclaim recapturing the top of the world's shipbuilding industry. This is their ambitious plan to recreate the glory of winning the world No.2 position after Japan in the world's shipbuilding industry in the 1970s.

Lula da Silva, president of Brazil, stated in a government-run radio program on November 22nd, "Brazil's shipbuilders are now building 82 vessels in total, but will build 150 more vessels in the future", "through this, we will take back the world No. 2 position".

Brazil has recently revealed the shipbuilding industry development policy in connection with the Atlantic deep-sea oil exploration, showing its fast growth. True, Brazil has emerged as the 6th world shipbuilding power based on the newbuilding output last year.

Brazil is earnestly promoting shipbuilding industry by supporting 'a domestic building policy'. The background of Brazil's growth in shipbuilding industry is that Petroleo Brasileiro, Brazil's stated-owned oil company, has increased orders for newbuildings since 2001. Another factor is that Lula's government expanded the 'Local Contents' rule for ship compartments in 2003.

In particular, as Brazilian government pushes domestic orders for drillships for deep-sea oil exploration to be placed at the local yards, Brazil's growth in shipbuilding industry is getting speedy.    

In the 1970s, Brazil was the world No.2 in shipbuilding industry, following Japan, but it was out of luck after the 1970s due to a lack of investment.  

Meanwhile, Banco Nacional de Desenvolvimento Economico e Social (BNDES),  Brazil's state-run bank, announced "Korea's shipbuilders should be Brazil's success model. They are leading the world shipbuilding market through excellent competitiveness and shortening delivery date based on a high productivity".  

BNDES, also, noted that Korea owns the world's largest shipyards and had recorded a 13% increase on annual average before the world economic crisis.

It added Korea implemented strong support policies to boost its shipbuilding industry, such as expanding government guarantee by establishing state-owned companies, providing a subsidy and exempting raw material import duty.
 

STX Dalian pens 6,500TEU‘s

STX Dalian pens 6,500TEU‘s


STX Dalian pens 6500TEU's

Amid recovery in container shipping market, STX Dalian Shipbuilding Complex, Chinese subsidiary of Korea's STX Offshore & Shipbuilding, has inked a contract to build three 6500-teu container vessels.

The shipbuilder recently put pen to paper on the $240m contract in Delhi, with India's state-owned shipping company Shipping Corporation of India (SCI).

The signing ceremony was attended by Bae Dae-gwan, STX O&S Vice-President, Rajeev Gupta, Joint Secretary, Department of Shipping, Ministry of Shipping, Road Transport and Highways, India, and Arun Kumar Gupta, Director of SCI.

The vessels are 299 meters in length, 24.4 meters in height and 40 meters in breadth.

They will be built at STX Dalian for delivery in 2013.

With the latest contract for boxships, STX Dalian, which has been focussing on building bulk carriers and pure car/truck carriers, plans to expand its product portfolio further going forward.

The shipyard which recently established a shipyard operating system called 'LOONG' is now putting spurs to boosting productivity.

STX Dalian's order backlog now stands at $3.24bn and it expects to build more than 30 ships annually from next year.

An official from STX Dalian said, "Following the 13000-teu containership contract awarded to STX O&S last month, STX Dalian has also secured a new order in the container vessel sector."

"We will conduct more aggressive sales activity going forward to win more newbuilding orders as global containership market has already entered upward trend in earnest."

Many Chinese Shipbuilders to Run Aground in 2011

Many Chinese Shipbuilders to Run Aground in 2011

SINGAPORE, Nov 18 (Reuters) - China's shipbuilding industry, holder of the world's largest orderbook, will see dozens of small shipyards go under or get taken over next year, as a choppy wave of consolidation rocks an oversupplied market.
Fuelled by vigorous government support and cheap labour, the number of shipyards has grown exponentially in the past decade in China, reflecting its role as the world's top exporter and one of the biggest buyers of foreign oil, iron ore and grains.
But many small shipyards face a bleak year in 2011 as growing numbers of clients cancel orders to avoid floating unchartered vessels, and Beijing tightens credit in its fight to rein in inflation.
"There are too many shipyards. For the next couple of years, a number of them won't be able to survive on their own," Robert Lorenz-Meyer, president of BIMCO, the world's largest shipowners' grouping, told Reuters. "There will be consolidation, but hopefully some yards will re-focus on scrapping," he added.
China has more than 2000 registered shipyards across its coastal region, with around 250 in the export business, Lloyd's Register says.
By the end of the year, that number could be trimmed by more than a hundred, leaving a leaner industry able to better compete with more experienced shipbuilders in South Korea and Japan.
"Dozens, if not hundreds, of small shipyards won't make it to the end of next year. The big companies will either take them over or they will just disappear," said an executive with an Asian shipping company, who asked not to be named.

TIGHTENING CREDIT

Small to medium-sized Chinese shipyards were seen to be the most vulnerable to takeovers as credit becomes harder to obtain.
China's central bank increased reserve requirements by half a percentage point last week, putting a brake on a lending spree launched two years ago that helped inflate shipyard numbers.
"The small shipyards are vastly different from the publicly listed companies who have the backing of China's banks and government," said Jung Shin, analyst at HSBC in Hong Kong.
"China can't just waste taxpayers' money on saving underperforming shipyards. They will be quite selective."
The global freight industry has yet to recover from pre-crisis levels due to its buying spree just before the economic downturn two years ago, which caused a significant decline in seaborne trade.
The current orderbook represented around 25 percent of the current fleet, down from 50 percent in late 2008 due to cancellations and delays.
Still, as much as 40 percent of orders due for delivery next year were expected to be postponed or cancelled, analysts said.
China has an orderbook of at least 3000 vessels, or more than 35 percent of the world's total, double the number of its nearest competitor South Korea, BIMCO and shipbroker Clarksons say.
Besides the cancellations, small shipyards have also faced wage increases of around 10 percent since the start of 2010 and a slowly rising local currency, said Dong Qiang, vice president of China Shipbuilding Industry Corp. (CSIC).
China released its currency from a de facto peg to the U.S. dollar in June, but has permitted the yuan to strengthen less than 3 percent since. A stronger yuan cuts into profits of Chinese shipbuilders who sell their product overseas in dollars and euros.


GLOBAL TREND
Consolidation will ripple through the sector worldwide, not just in China.
Acquisitions and joint ventures were seen picking up next year as international shipping firms look to expand operations, eyeing smaller counterparts weakened by the global financial crisis.
A survey by law firm Norton Rose last week showed 60 percent of the 177 shipping firms polled were planning joint ventures and 58 percent looking at strategic acquisitions in the next 12 months. China was identified as a key area of investment.
Beijing was likely to favour consolidation between domestic companies instead of foreign firms to ensure protection of thousands of jobs, industry experts said.
Chinese employed in the transport manufacturing sector, which includes shipping, automobiles and airline makers, numbered 4.7 million in 2009, versus 2.8 million a decade ago, official data show.
"Shipbuilding is extremely labour-intensive and China, of course, fears social unrest coming from unemployment," said Lorenz-Meyer.
A leaner sector will help China easily attain its goal of becoming the world's largest ship maker by 2015 at the expense of rivals South Korea and Japan, many analysts say.
"China will be on top for sometime," said Shin. "The quality of ships is improving and they are still offering discounts of 10 to 15 percent below South Korea."
Those advantages will persist, thanks to the higher government subsidies and cheaper labour than competitors enjoy.
China's biggest fish -- shipyards such as powerhouses CSIC, state-owned China State Shipbuilding Corp. (CSSC), and Guangzhou Shipyard International -- are expected to thrive in the Darwinian environment.
Major shipbuilder Rongsheng Heavy Industries Group Holdings this month raised its IPO size by nearly half to $1.8 billion, fuelled by strong demand, with its listing set for Friday. (Additional reporting by Jonathan Saul in London) (Editing by Clarence Fernandez)

Wibro, New Wind in Global Shipbuilding Industry

Wibro, New Wind in Global Shipbuilding Industry


Wibro, New Wind in Global Shipbuilding Industry

 The world's largest shipbuilding and plant-related software firm, Aveva 
of the U.K., learned of KT's 'Wibro (Mobile Internet) Shipyard Service' and invited Korea's largest telecoms provider to the 'Aveva World Summit' held October 26-28 in Beijing, China, as a special lecturer on the global IT-fusion success practice. 


KT's 'Wibro Shipyard' service enables the exchange of related data, including drawings, as well as communication between workers who working in different parts of the shipyard utilizing a Wibro network and netbooks. In the past, workers could send and receive only simple messages via mobile phones. But when revising complicated data, including drawings, they had to meet face-to-face despite the amount of time it took.

Aveva decided to disseminate KTs' Wibro Shipyard service to its customers and also study how related new technologies could be applied at global sites.
The 'Aveva World Summit' is an annual international forum to which Aveva, having a 90% market share in the world's shipbuilding and plant software sector, invites its customers from around the world to showcase its next-generation technologies. It was particularly unprecedented for Aveva to introduce the practice of an industry outside the shipbuilding and plant sectors.
About 300 related officials from shipbuilders like Mitsui Engineering & Shipbuilding, etc., plant companies, including ABB of Switzerland, construction firms such as Willy Parsons of Australia, and domestic companies, including Samsung Heavy Industries, STX, and GS E&C, participated in the Aveva World Summit.
From KT, Deputy General Manager of GTM (GotToMarket) Lee Jong Hoon, in charge of the Wibro Shipyard Project Team, gave a presentation at the event on the theme 'Smart Shipyards.' He introduced the IT-fusion success practices that allowed a telecommunications firm to enhance the value of traditional industries based on its network. The reference projects that Lee cited were a smartphone subway rail remote monitoring service as well as the Wibro shipyard of Hyundai Heavy Industries.
Director Kang Ji-Won of Aveva Korea said that with KT's Wibro Shipyard becoming widely known at home and abroad, he had received instructions from Aveva's head office in the U.K. to invite IT to the event. He explained, "If KT's practices of grafting communications technologies with other industries are introduced in the shipbuilding and plant industries on a broad scale, I believe that it will open a new era."
With the Beijing event as momentum, KT decided to make inroads into the global shipbuilding and plant markets by promoting its IT fusion services.
KT's Deputy General Manager Lee added, "During my lecture, I senses the strong passion of the audience. Proposals for diverse cooperation including global projects emerged." He also found that the participants' interest in Korea's native mobile communications technology, Wibro, which has received more or less poor recognition at home, was also high.

Director Kang of Aveva Korea delivered the news, "As the interest of our customer companies is high, there is a possibility that the Aveva head office may promote a wide variety of related projects." 


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Korea and Russia Ink the Shipping Agreement

Korea and Russia Ink the Shipping Agreement


Minister, CHUNG, Jong Hwan of Land, Transport and Maritime Affairs of Korea
and Minister, Igor Yevgenievich Levitin, of Transport of Russia signed
a Shipping Agreement on Nov. 10.


The Agreement was first initialed in January last year, and after the remaining
 procedure was completed, the two Ministers signed the Agreement this month
by taking the opportunity of the Korea-Russia summit meeting.


The Agreement includes opening sea routes between third nations, national
treatment to ships of both nations, streamlining customs and transport procedures and holding shipping meetings, etc.


The Ministry says that the Shipping Agreement will eliminate various problems
occurred in transporting cargo and passengers to Russia and thereby create
a favorable and stable business environment for Korean shipping firms.

New ship orders jump 70%

New ship orders jump 70%


New ship orders jump 70%


The number of newbuilding orders placed this year is estimated to have 
reached 1,678 compared to just 976 last year. 


Clarkson Research Services said the higher numbers reflected an 
increased confidence in the market and only a modest increase 
in newbuilding prices. 




“The rise in contracting volumes reflects increasingly positive sentiment 
about the state of the world economy and future seaborne trade growth 
trends and has also been aided by the fact that benchmark newbuilding prices 
in most sectors have not risen significantly year on year,” Clarkson said. 



According to its figures VLCCs prices have only increased by $4m 
since last year, form $101m to $105m while capesize bulker prices 
have increased by only $1m from 56m to $57m. 


Among major contracts sealed in the last few weeks to boost this year’s improved tally Saga Shipholding ordered seven open hatch bulkers 
at Daewoo Shipbuilding and Marine Engineering and Oshima Shipbuilding. 



           Hapag Lloyd ordered 10 13,200-teu containerships at Hyundai 
       Heavy Industries and STX Pan Ocean ordered 20 open hatch bulkers 

                                   at STX Offshore & Shipbuilding.












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