Friday, June 10, 2011

STX Europe signs with Intergraph


Intergraph has signed a five-year contact with STX Europe, one of the major international players in the shipbuilding industry.

STX France Solutions has purchased SmartMarine Enterprise to improve its shipbuilding design efficiency and quality, while achieving better project stages coordination and accurate material management.

The agreement includes Intergraph SmartMarine 3D and SmartPlant Foundation, SmartPlant P&ID, SmartPlant Instrumentation, SmartPlant Electrical Basic and Detailed, SmartPlant Materials, SmartPlant Foundation, SmartPlant Review and SmartPlant Review Publisher.

The new system will help STX to reduce design man-hours and to improve its design quality with integration between disciplines and by sharing standard catalogs along the project life cycle. This will also enable STX to reduce costs.

Intergraph’s SmartMarine Enterprise suite is the world’s most advanced, integrated offshore and shipbuilding solution, driving improvements in design efficiency, production schedule, handover and overall life-cycle cost control for enhanced global competitiveness.

Intergraph is a world leader in marine structure design and data management, endorsed and used by the world’s leading offshore and marine companies, including the most productive shipyard, the top offshore owner operator, the top fabrication yard and the top classification society in the world.

“We selected SmartMarine Enterprise after several months of evaluation and pilot projects because the software suite proposes a large scope of integrated functionalities, required to design complex works as cruise ships are,” said Christophe Dutrieux, CIO of STX France.

“It enables us to coordinate activities of hundreds of designers and subcontractors, by sharing the same model, the same catalogs, and by building a single bill of material of the ship. It provides us with the means to reduce design hours, to enhance our design quality and to improve integration and coordination between design and construction.”

Management of bills of material (BOM) is a key element for STX projects, and the interface between engineering and business systems adds value to the company. Therefore, STX highly praised the integration between SmartMarine Enterprise and SAP. In addition, better consistency of data from design to construction was considered key for STX to make the final decision. STX plans to build its next cruise ship prototype with Intergraph technology, which will be fully deployed in 2013.

Gerhard Sallinger, Intergraph Process, Power & Marine president, said, “STX's exhaustive evaluation of competing enterprise solutions and its selection of Intergraph's SmartMarine Enterprise signal the strength of our solutions within the marine and offshore industries.”

Published : June 10, 2011

Source: Asiasis


Yangzijiang inks 10,000TEU‘s

New York-listed Seaspan has signed a deal with Chinese shipyards for seven 10,000 teu containerhips with options for 18 more that would make the total contract worth $2.5bn.

The price for each vessel is in the region of $100m.

The order is being split between Jiangsu New Yangzi Shipbuilding and Jiangsu Yangzi Xinfu Shipbuilding, both part of Yangzijiang Shipbuilding Holdings.

The vessels are due to be delivered in 2014 and 2015, according to a statement by the builder to the Singapore Exchange, where Yangzijiang is listed.

The order announcement by Yangzijiang follows Seaspan’s stated intention to order 22 post-panamax containerships with the Chinese builder in a deal that was then estimated at $2.1bn, putting the price per vessel at around $130m.

It is understood that Seaspan has secured charters for the seven firm orders, but it is not yet clear which operator is involved. Taking up the remaining options will likewise be subject to firm charter commitments.

The company, led by chief executive officer Gerry Wang, has also been mulling an order for up to 20 vessels of 14,000 teu with South Korea’s STX Offshore & Shipbuilding. In April it was reported Seaspan had signed a letter of intent with STX for 10 ships of 14,000 teu with options for 10 more.

Published : June 10, 2011

Source: Asiasis

Daewoo manages Daehan

Daewoo Shipbuilding & Marine Engineering is to manage Daehan Shipbuilding, which is now undergoing company rehabilitation procedure.

Daehan's main creditor bank Korea Development Bank and Daewoo have agreed to the commissioned management of Daehan according to both companies on 9th.

Daewoo's management of Daehan on consignment basis will continue for three years from next month. Daewoo will seek to innovate yard operation and conduct newbuilding sales activity on behalf of Daehan.

When the commissioned management period ends, Daewoo would have the priority to take over Daehan.

Daewoo is to confirm the move at the board meeting this month.

Daewoo intends to shift main products of Daehan from current bulkers to high-value vessels like containerships and offshore plants.

Published : June 10, 2011

Source: Asiasis

Daewoo boxship order blitz

Daewoo Shipbuilding & Marine Engineering is about to win massive newbuilding orders for ultra-large containerships.

The South Korean shipbuilder announced on 9th in a regulatory filing that it is in negotiation with Asian shipowner, presumably NOL, to build containerships.

It is also set to win 10 more 18,000-teu containerships from AP Moller Maersk after signing 10 such ships back in February.

Singapore's Neptune Orient Lines (NOL) is said to be nearing newbuilding splurge for 10 13,000TEU's and two 10,000TEU's at South Korean yards, most likely at Daewoo and Hyundai.

Meanwhile, NOL is now pressing on with a huge notes issue just days after bagging a loan to pay for its remaining newbuildings.

Singapore-listed NOL is looking to grab $300m from the fundraiser with the cash thought to be destined for a pending order blitz.

It explains the money will pay for its “2011 newbuildng programme” which is rumoured to be about to up a gear.

At the start of June NOL bagged a $1.1bn loan to complete the funding of its existing newbuildings.

Published : June 10, 2011

Source: Asiasis



Panamax prices falling further

Panamax newbuilding prices could fall further 10% in the next 18 months before bottoming out, says Maritime Strategies International.

Adam Kent, a director at the freight forecaster, believes a new panamax will cost just $30m by the close of 2012.

Kent told a conference in London the price trough could be reached as early as the second quarter of next year, Bloomberg reports.

A new panamax is presently valued at $33.5m by Clarksons, down by $1m since the start of this year. At the end of 2008 the same ships had a price tag of $46.5m.

Published : June 9, 2011

source: Asiasis


Thursday, June 9, 2011

Petrobras confident in drillship orders

Brazilian state-owned oil company Petrobras expects 28 ultra-deepwater drillships being built by local shipyards to be delivered on time, its chief executive said, despite delays in the bidding last year.

Petrobras is commissioning deep-water drilling rigs from Brazilian shipyards as part of a strategy to spur domestic industry, though critics say the effort could raise costs and slow the development of the country's offshore reserves.

Seven months after receiving bids for the first seven of the 28 rigs, Petrobras still has not signed definitive contracts for their construction.

But Jose Sergio Gabrielli said that those contracts, along with agreements for the remaining 21, would be ready by the end of the year, Reuters reported.

Bids for those rigs must be received by September, he said, adding this time frame would not delay rig delivery.

"That will not affect the timeline, because the first delivery is not expected until 2015," Gabrielli said in a news conference.

The first package of seven rigs went to Estaleiro Atlantico Sul, a shipyard joint venture that includes Brazilian construction companies Camargo Correa and Queiroz Galvao, as well as South Korea's Samsung Heavy Industries .

Those rigs will be owned by Sete Brasil, a company that is 10% owned by Petrobras and was created especially for the construction of that equipment. Petrobras will lease the rigs from Sete Brasil.

The first package has helped Petrobras get a sense of the cost for chartering rigs from Brazilian owners, Gabrielli said.

"Now we have a reference for the domestic market rate for chartering rigs, and we believe that the bid should provide attractive rates," he said.

Published : June 9, 2011

Source: Asiasis


Hyundai challenges Samsung: Drillship

South Korean shipbuilders dominate global ultra-deepwater drillship newbuilding market with Hyundai Heavy Industries challenging Samsung Heavy Industries.

The competition in the market for drillships is heating up with Hyundai threatening Samsung’s dominance.

Hyundai has turned its eyes to drillships in recent years and its first drillship was delivered late last year.

With few shipbuilders capable of building such vessels, the world market has been dominated by Samsung and its Korean competitors.

According to industry sources, while there are overseas shipbuilders with the technological capacity to build drillships, their capabilities are limited, making Korean shipbuilders effectively the only choice for would-be drillship operators.

Within this relatively niche market, Samsung has been at the top of the drillship game for more than a decade.

The company won its first order for a drillship in 1996, and took seven of the 12 orders for such vessels issued between then and September 1998.

Samsung continued to maintain the top spot in recent years, taking 39 of the 72 contracts for drillships issued since 2005.

This year’s market, however, has shown one significant difference from previous years.

In a departure from the rankings maintained for more than a decade, Samsung has lost its place at the top of the drillship market to Hyundai. Of this year’s 20 drillship orders, nine were won by Hyundai, while Samsung took seven. The remainder were awarded to Daewoo Shipbuilding & Marine Engineering.

“There are no fundamental technological differences between the three companies. So, with Hyundai now actively competing in the market, the structure of the three-way market share is unavoidable,” SK Securities analyst Lee Ji-hoon said.

Published : June 9, 2011

Source: Asiasis

Samsung order vitality continues

Samsung Heavy Industries may post lower business results from the second half of the year but its order intake momentum is expected to continue into next year.

Analyst Lee Sang-woo at Taurus Investment & Securities said, "Samsung would post decreased results from the third quarter as the low-priced newbuildings booked in 2009 start to roll out."

"The weak performance could last until the early part of next year," he added.

Lee, however, is optimistic on the South Korean shipbuilder's stock prices as they are mainly affected by new order awards and Samsung is expected to win a considerable amount of new orders down the road into 2012 onwards.

Samsung has secured ship orders worth $3.1bn and offshore plant orders worth $7.4bn by May this year, Lee said.

As the yard has stacked up enough orderbook it would be more selective in taking new orders to achieve higher profitability.

In the second half of the year, LNG carrier, LNG-FPSO, LNG-FSRU orders would lead the newbuilding market rather than drillships and ultra-large containerships, he added.

Published : June 9, 2011

Source: Asiasis



European yards rely on cruiseships

Cruiseship construction remains the one buoyant sector of Europe’s shipbuilding industry.

Latest statistics will be released next week when the European Cruise Council holds its annual conference in Brussels.

The organisation will publish its 6th Economic Impact Report to coincide with the event, and which will provide the most up-to-date figures on Europe’s cruise industry, including the size of the orderbook.

The data is likely to show that billions of dollars continue to be invested to meet growing passenger numbers, generating shipyard jobs and port employment alike.

The ECC’s 2010-2011 annual report published last year showed that the European cruise industry placed €4bn ($5.8bn) worth of newbuilding orders in 2009. With another €542m spent on refurbishment, total expenditure came to €4.5bn.

That was down from the 2008 figure of €5.2bn as recessionary factors kicked in, but passenger numbers continued to rise in 2009 despite the economic downturn.

Published : June 9, 2011

Source: Asiasis




Tuesday, June 7, 2011

Samjin scores 4,700TEU‘s

South Korean shipbuilder Samjin Shipbuilding Industries (SSI, CEO: Young IL Kang), located in Weihai, China, inked newbuilding contracts for up to four 4,700TEU class Container Carriers on June 3rd, the company revealed today.

Shipowner is reportedly European, particularly German, and the owner is said to have ordered 30-40 ships in South Korea and China in the past.

Newbuilding price is said to be under $60m per ship.

The two optional contracts will be declared flexibly according to market situation.

These vessels are the most modern state-of-the-art container carriers equipped with main and auxiliary engines with excellent fuel economy and will be the first container carriers designed with provision of ballast water treatment system, and emphasis on environmentally-friendly solution has been a main consideration through the entire design process between shipbuilder and shipowner.

The newly inked contract was made by the renowned shipowner of container carriers and the vessels shall have a length of 251 m, a breadth of 37.3 m, a depth of 19.8 m which shall be delivered to the shipowner starting from mid 2013.

In addition, following the recent market trend, the vessel is designed to have wider breadth to load more cargo and shall be capable of operating in shallow water compared to similar ship types in the market.

The newly inked contracts as well as the previous contracts in last April for the fuel efficient handysize bulk carriers can be considered as a fruitful triumph of the shipbuilder's customer oriented hard work and hence SSI is naturally expected to receive more spotlight and contracts from many more shipowners.

Ever since its first vessel delivery in April, 2009, SSI has successfully built and delivered more than 20 vessels of PCTC and Bulk Carriers to its clients and have been diversifying its product line from 2010 by receiving new orders for Heavy Cargo Carriers.

By receiving orders for 4,700TEU class container carriers this year, SSI has succeeded to enter the high value-added ship market of large size container vessels that shall further improve the shipbuilder’s competency.

Meanwhile, Samjin has inked new orders for 16 ships so far this year, including four 33.5K bulkers, six 36K bulkers, four 58K bulkers and two 4,700TEU containerships.

The South Korean shipyard expects to win around 30-ship orders this year.

Published : June 7, 2011

Source: Asiasis

STX Marine designs two newbuilds

Wartsila-Versa in fuel cell alliance

Wärtsilä has reached an agreement with Versa Power Systems (VPS), a leading developer of high-power solid oxide fuel cells (SOFC) to develop and integrate Versa Power's SOFC technology into Wärtsilä products.

Based in Littleton, Colorado and Calgary, Alberta, Versa Power Systems was founded in 2001 as a joint venture between the Gas Technology Institute, Electric Power Research Institute, Materials and Systems Research, Inc., and University of Utah. Fuel Cell Energy has since acquired an equity position in VPS, transfering to VPS the former solid oxide fuel cell development team and assets of Global Thermoelectric Inc.

A key target of the agreement announced today is to develop commercial Wärtsilä fuel cell products that generate power and heat for various applications in the distributed energy and marine markets. The agreement allows Wärtsilä to integrate VPS fuel cell stack modules, especially for larger power range products. For VPS, the agreement provides a dedicated partner with the ability to commercialize fuel cell products in large markets around the globe.

"VPS is leading the development of large SOFC stacks, and the company's capabilities support Wärtsilä's strategy of developing large SOFC systems for the distributed power and marine markets. The agreement with VPS strengthens Wärtsilä's ability to provide its customers with clean and highly efficient power solutions. Demand is developing rapidly and the commercial potential for such products is very promising," says Erkko Fontell, Director, Fuel Cells, Wärtsilä.

"Solid oxide fuel cells have low emissions, yet they produce relatively large amounts of electricity for their size," says Robert Stokes, CEO of Versa Power Systems. "Combining the expertise of our two companies will help meet the growing commercial demand for compact, high-efficiency products."

Wärtsilä has already launched successful pilot projects using fuel cell technology supplied by Topsoe Fuel Cell A/S headquartered in Denmark, and this co-operation will continue as planned. In 2008, Wärtsilä delivered a unique fuel cell unit that operates on landfill gas and produces electricity and heat for the city of Vaasa in Finland. In the summer of 2010, a WFC20 fuel cell unit was installed onboard the Undine, a car carrier owned by Sweden's Wallenius Lines, for tests associated with the METHAPU project. Additionally, Wärtsilä has developed 50 kW WFC50 power units for internal validation.

Fuel cells are electro-chemical devices that combine a fuel source gas with oxygen to produce electricity, heat, and water. The absence of combustion processes significantly reduces harmful emissions of nitrogen and sulphur oxides (NOx and SOx) and particulate emissions are essentially zero. As electricity is generated directly and involves no intermediate mechanical or thermal processes, fuel cells can also be more efficient than conventional combustion-based technologies.

Published : June 6, 2011

Source: Asiasis