Friday, April 1, 2011

Wartsila clinches gas engine for STX

Wärtsilä has been awarded a contract by shipbuilding company STX Finland Oy to supply the propulsion machinery for a new passenger ferry to be built for Viking Line, a Finnish ship owner.

The vessel will be the largest passenger ferry to operate on liquefied natural gas (LNG), making it the most environmentally sound and energy efficient large passenger vessel in the industry to date.


The ship will be built at the STX Turku shipyard, in Finland, and is scheduled to enter service in 2013.


The agreement includes an option for the supply of equipment to a similar sister ship.


Wärtsilä's scope of supply for this contract includes four Wärtsilä 8L50DF main engines, the transverse bow and stern tunnel thrusters, and two stainless steel fixed pitch, built-up main propellers with complete propeller shaft lines and environmentally sound shaft line seal systems. The propellers are designed with the lowest possible pressure impulses for superb vibration control.


The vessel will be fuelled by liquefied natural gas, meaning that sulphur oxide emissions will be almost zero, and nitrogen oxide emissions will be at least 80 per cent below the International Maritime Organization's (IMO) current stipulated level.


Furthermore, there is a reduction of particulate emissions of more than 90 per cent compared to the emissions from conventional diesel engines, while carbon dioxide emissions are also 20-30 per cent lower. The use of Wärtsilä's duel-fuel engine technology will enable this ferry to sail without restrictions in Sulphur Emission Control Areas (SECAs) and Nitrogen Emission Control Areas (NECAs). LNG offers the most economical and environmentally sound solution for the future.


"This unique and groundbreaking vessel will be the most environmentally sound large passenger ferry in the world. Thanks to Wärtsilä's technology, this ship will meet and even exceed the most stringent known future IMO and EU environmental regulations for maritime applications. Wärtsilä's long experience and strong competence in dual-fuel technology, with some 300 such engines already sold, was an important reason for Wärtsilä being awarded this order," says Tony Öhman, Senior Vice President, Marine Operations & Newbuilding, Viking Line Abp.

 
Wärtsilä has been at the forefront in developing of dual-fuel technology, and during recent years has launched a series of gas engines. These 4-stroke engines, namely the Wärtsilä 50DF, Wärtsilä 34DF and Wärtsilä 20DF, represent the best technology available in terms of efficiency and low emissions. The Wärtsilä 50DF engine is becoming one of Wärtsilä's most successful products, and has been used in marine applications since 2006 when dual-fuel propulsion was introduced. These engines offer the flexibility to switch between liquid fuels and gaseous fuels with no interruption in power generation.



The new Viking Line's cruise ferry will be capable of carrying cars, trucks and road trailers on short international voyages. It is also designed to carry 2800 passengers and 200 crew members. The machinery, equipment and outfitting, as well as the structural work, will be under the special survey of the Lloyds Register of Shipping classification society.



Published : March 4, 2011



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World steel output soars




World steel output jumped 15% to 1.4bnt last year, recording the largest increase in over fifty years.








Last year’s output marked a new record for global crude steel production as demand soared in the aftermath of the economic crisis.


The rise comes after a 7.8% decline in 2009, when the sector was one of the hardest hit by the global recession.






All the major steel-producing countries and regions showed double-digit growth in 2010, according to the World Steel Association.






The EU and North America had higher growth rates due to the lower base effect from 2009 while Asia and the Commonwealth of Independent States (CIS) recorded relatively lower growth.






Annual production for Asia was 898mt of crude steel in 2010, an increase of 11.6% compared to 2009. Its share of world steel production fell to 63.5% in 2010.






China’s crude steel production was 626.7mt, an increase of 9.3% on 2009. However, its share of world output fell to 44.3% last year from 46.7% in 2009.






Japan produced 109.6mt in 2010, 25.2% higher than 2009. South Korea’s crude steel production was 58.5mt, a year-on-year growth of 20.3%.






Published : March 7, 2011






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TIMETEC develops new CAD system


Korea's TIMETEC has released TTM(TimeTec Modeler) 2.0, domestic shipbuilding CAD system on 25th February.



The company published outfitting system-centered TTM 1.0 version in last May, and the newly presented TTM 2.0 version features hull-outfitting integrated system (access to www.timetec-ttm.com for more information).



The most prominent point of the new invention is that it includes a number of basic requirements of the next generation CAD that Korean shipyards have been demanding.



In particular, the new system links initial design with production design and introduces some concepts like parametric modeling, parametric template, editing design, real-time cooperation design and revision management, etc.



These features differentiate the new system from others and would be the major factors to improve productivity.



Domestic shipbuilders have been importing CAD software from foreign countries so far, but TIMETEC has developed local shipbuilding CAD system for the first time, working at securing competitiveness by applying it to practice quickly. Many relevant industries are paying attention.




Published : March 8, 2011



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TMS creates economic ship type



Busan-based TMS, a spin-off from the technology division of Korea's Hanjin Heavy Industries & Construction, has announced that it has developed an economic ship design of a 3,800-teu containership to be constructed at Hanjin's Subic shipyard in the Philippines.



The newly developed design of the 3,800-teu ship still reserves the same dimension as that of existing 3,600TEUs, but adds the concept of 'super slow steaming' that satisfies guaranteed speed and lifts effective horsepower, in the area of low speed, by up to 7% compared with traditional ships.


The new ship type is expected to contribute to saving fuel costs.



Published : March 8, 2011



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Steel products getting expensive


Korea's major steel makers like Posco and Hyundai-Steel seem to advance steel product prices for the second quarter of this year in March as raw material prices are sharply increasing.



According to the steel industry sources reported yesterday, Posco and Hyundai-Steel have decided to lift the price of cold rolled steel products by KRW 200,000 ($180) per ton.


As a widely used product for automobiles or home appliance, the price advance of cold rolled steel products will spread out in the whole industry, probably causing a price advance of almost each and every product.


The steel makers, however, insist that they have frozen the price for the last nine months despite the price increase of iron ore and coal by 45% and 65% respectively, so this time price advance is really resonable.


Also, Japan's JFE Steel has contributed to the latest price advance of Korean steel makers by having demanded the price increase of shipbuilding steel plates and hot rolled steel products by $300 and $250 respectively to Korean shipbuilders and steel makers.


Meanwhile, JFE Steel is offering $1,050 for steel plates and $900 for hot rolled steel products per ton for the second half of the year to Korean customers.


As a consequence, the major opinion is that if JFE Steel's demand for the price advance comes true, domestic steel plates (at KRW 950,000 per ton) will be more than KRW 250,000 cheaper than Japanese products. So the price advance among domestic steel producers seems also unavoidable.



Published : March 9, 2011



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NK pens 25-ship‘s BWTS

 

Korea's marine equipment maker, NK Co. Ltd. revealed today that it signed MOAs worth $36m this week to supply ballast water treatment system (BWTS) for 25 ships including boxships, bulkers and tankers.




The just signed contracts include detailed performance criteria including ship types, product specifications, ordering time, payment terms and guarantee terms.



As NK-developed BWTS has been chosen as a basic design model by Japan's largest shipbuilder, NK is likely to see additional new orders.



Also NK is negotiating with a Chinese shipyard who has a plan to order around 10 newbuildings to set up the final price of BWTS for small- and mid-size ships.



One official from NK said, "We are currently forming estimates on new customers' orders and expect to see a considerable scale of new orders additionally."


Published : March 9, 2011


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Japan tsunami effect on Korean yards limited


Korea's steel and shipbuilding industry expect the recent terrible shock and tsunami that happened in Japan not to have a considerable influence on market situations right now.



Even though Japan's major steel producers, such as JFE Steel and New Nippon Steel, have stopped operating their factory with their production facilities damaged, Korean steel producers would not expect to benefit from it.


They explain that large-scale steel suppliers usually make a long-term supply contract, so the recent earthquake would not easily cut a supply corridor.


Also, Korea's big three shipbuilders - Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering - do not have a direct relation to the latest severe disaster except for the fact that they are provided with some offshore plant steel plates from Japanese steel makers, according to them.


Published : March 14, 2011


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USCG soon finalizes BWTS policies




US COAST GUARD (USCG), which is now conducting a review over an independent regulations of each area for ballast water treatment system (BWTS), seems to make the final policies related to BWTS by April and to conduct concrete procedures to make them effective.







The formal entry of the new BWTS policies into force will be around the end of this year or the beginning of next year without waiting for IMO's treat to go into effect, which would have a substantial influence on the shipping industry.


First of all, all newbuildings to be built after the January of next year should be mounted with BWTS satisfying the same standards of IMO's G8, according to the new policies of USCG.



And USCG is considering strengthening the regulations even more after 2016.

In addition, America's Environmental Protection Agency (EPA) has recently made a MOU with USCG to progress a joint program of VGP (General Vessel Permit), which is about ship emissions and regulated by EPA on their own.


The VGP formed in 2008 does not include any BWTS-related policies for now, but EPA will add some BWTS-regulations into the VGP to progress in cooperation with USCG.




Published : March 14, 2011


Source:Asiasis

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Thursday, March 31, 2011

Big 3 engaging in LNG bunkering

As it is highly expected LNG-fueled ships are increasingly demanded in near future, Korea's major shipbuilders and Korea Gas Corporation (KOGAS) are conducing a joint research in full swing on LNG bunkering facilities injecting fuel to the LNG-propelled ships.



The LNG bunkering facility helps fill the bunkers or tankers of the LNG-fueled ships with LNG: a LNG refueling facility.



The three main LNG bunkering methods on the current technologies include; ▲ direct bunkering by using a tank lorry; ▲ small bunkering base on land and ▲ ship-to-ship using a bunkering ship on waters.



Regarding the ship-to-ship bunkering system of the methods, KOGAS made a MOU with Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding & Marie Engineering to cooperate in R&D in January this year.



According to the contract, KOGAS provides with information necessary for LNG-propelled ship operation and supports for the enactment of relevant laws while the big three are responsible for the designing and building technology development of LNG-fueled ships.



KOGAS is, first of all, going to end the feasibility study of the LNG bunkering methods in May, but before that, will have intensive talks about offshore bunkering ships jointly with Korean shipyards as well as foreign majors.



The big three have already completed basic technology development for the LNG bunkering ship, so the bunkering systeAsiasism using a small-sized LNG carrier can be put into practice now.



However, there is still a long way to go for smooth service of the bunkering systems.


Published : March 31, 2011
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Hanjin eyes value added vessels


South Korea's Hanjin Heavy Industries & Construction is seen to be able to secure high-priced ships for its orderbook considering the recovery of mid-size boxship market situations and advantage of profit management.




Park Seung-hyun, researcher of Seoul-based IBK Investment & Securities, says, "Despite a decrease in freight, such as China Containerized Freight Index (CCFI), charter rates on small and medium boxships are continuously rebounding. As the world's strongest in the S&M boxship newbuilding market, Hanjin can revive its new order momentum through short-time delivery if its Youngdo yard is back to the normal."



"Since the Youngdo yard has entered into the up-phase of steel prices without any order backlog, Hanjin can reserve relatively higher-priced ships through an increase in newbuilding prices when it resumes new order intake," he adds.



Meanwhile, the securities company expects Hanjin's sales for the first quarter to decrease by 12% against the previous quarter to KRW 664bn ($598m), operating profit to increase by 31% to KRW 22bn and net profit to turn around to KRW 4bn.





Published : March 30, 2011

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Daewoo scores LNG carrier


Angelicoussis Shipping Group, Greece’s largest shipowner, has confirmed a speculative order for an LNG carrier at Daewoo Shipbuilding & Marine Engineering.




The contract is for a 155,900-cbm vessel with dual-fuel diesel-electric propulsion.



It is scheduled for delivery to the group’s gas carrier division, Maran Gas Maritime in the second half of 2013. The company is still refining and considering any additional specifications for the vessel.



The order is the result of several weeks of negotiations over the conversion of one of Angelicoussis’s four 320,000-dwt VLCC berths at the yard into one LNG-carrier slot.



The original VLCCs are recorded as having been contracted at $154m apiece but with the most recent LNG orders being concluded at slightly under the $200m mark, around $195m, brokers say there is likely to have been a price shortfall on the deal that will have to be met in some form.



The contract conversion will likely involve an additional cash payment although perhaps not as much as that gap might suggest.



Talks are said to be proceeding between the owner and Daewoo for a second LNG carrier, potentially in a swap involving one or two of the three remaining VLCC orders Daewoo holds from Angelicoussis.



Discussions are believed to be ongoing between the yard and the owner over the remaining pair of uncommitted VLCCs at Daewoo. The fourth VLCC for the owner at the yard is already fixed for a specific piece of business.



Industry watchers say the LNG order is significant in that it is a speculative play by an independent owner in a market where tonnage is tight and there would appear to be an emerging supply gap in shipping provision going forward.





Published : March 31, 2011
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Samsung Q1 profit to rise 7%

South Korea's Samsung Heavy Industries is expected to see a decrease in sales for the first quarter compared with the previous quarter while operating profit would climb due to the increasing building of high value added ships.




An Ji-hyun, researcher of Seoul-based HMC Investment and Securities, says, "The Q1 sales of Samsung would stay in KRW 3.3196trn ($3bn) slipping by 6.3% compared with the previous quarter owing to the decrease of working days, but the increasing high profit shipbuilding would witness the yard advancing its Q1 operating profit by 7% against the previous quarter to KRW 275.5bn."



Meanwhile, the researcher remarks the low-priced ships contracted in 2010 would be reflected into the sales of the second half of the year more than originally expected.



"However, Samsung retains the world best new order competitiveness in the ultra-large boxship sector expected to see a favorable tone of newbuilding orders for this year, and also has advantage in building drillships and FPSOs of the offshore segment forecast to boom on back of high oil prices. Therefore, Samsung would be a main beneficiary from the recent trends," the researcher adds.





Published : March 31, 2011
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Cosco worried over bulker sector



China Cosco Holdings warns over dry-cargo market after seeing its bulker fleet post a loss in the second half of 2010.


Fleet growth of 14% this year will swamp an expected rise in demand of just 6%, China Cosco said.

It said: “Increasing dry-bulk shipping capacity will impose severe challenges to dry-bulk operators.”

China Cosco stacked up a profit of CNY 6.86bn ($1.05bn) in 2010 to overturn a loss of CNY 5.4bn in the previous 12 months.

Its turnaround was helped by a 40% surge in revenue, which climbed to CNY 96.44bn.

Analysts note the improved showing, driven almost exclusively by a revival in container shipping, was in line with market expectations.

China Cosco’s dry cargo fleet turned in an operating profit of CNY 3.02bn after suffering a CNY 99m operating loss in the second half.

Its container fleet, the world’s fifth largest, put up an operating profit of CNY 6.62bn, stamping out last year’s CNY 7.81bn reversal.

“The global container shipping market will remain cautiously optimistic in 2011. The growth momentum seen in 2010 will continue this year,” it said.

China Cosco has 450 bulkers in its fleet and a further 18 newbuildings on order. It also boasts 150 boxships, with 38 more under construction.


Published : March 31, 2011
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