Friday, August 12, 2011

Hitachi faces operating deficit

ing Apr - Jun 2011, Japan's Hitachi Zosen Corp. slumped from the same period last year's JPY 800m ($10.4m) of operating profit. Hitachi announced its business performance on Aug 5, which includes JPY 55.9bn of turnover up 7% and JPY 500m of operating deficit, on consolidated basis.

Operating loss in Q2 is due to decreased revenue from Process equipment department and Infrastructure division. In Machinery & Equipment division, in which produces marine diesel engines, on the other hand, sales increased to JPY 14.3bn by 19% from the same period last year and operating profit rose 25% to JPY 1bn.

Business performance for Apr 2011 - Mar 2012 is maintained to forecast JPY 310bn of turnover up by 7% from the same period a year earlier and JPY 10bn of net profit climbed by 3%, on consolidated basis.

Published : August 11, 2011


Source: Asiasis

CSSC-MES Diesel wins $300m order

CSSC-MES Diesel Co., Ltd. just received an eco-friendly diesel engine order, worth USD 300 million, from Jiangsu Yangzijiang Shipbuilding Group.

The new generation of 10,000 TEU container vessels contracted in China by Seaspan represents major improvements in energy efficiency, cargo capacity, operational efficiency and emission reductions.

The new features have been developed in a collaboration between Seaspan, the Yangzijiang Shipbuilding Group, MARIC and DNV.

The order for seven 10,000 TEU container vessels plus 18 options which was signed in Shanghai on 8 June is the biggest ever container contract entered into in China. The vessels will be built to DNV class.

CSSC-MES Diesel will supply the world’s most advanced environment-friendly diesel engines to 25 container carriers. This kind of engines targeted at ships has been the latest products designed by world-known MDT. The engines have been environment-friendly and intellectual diesel engines with the largest power that domestic companies can manufacture.

CSSC-MES Diesel is a joint venture among China State Shipbuilding Corp, China CSSC Holdings Ltd and Mitsui Engineering & Shipbuilding Co., Ltd. In 2010, China’s shipbuilding industry witnessed a rapid growth. 65.6-DWT ships were built in the country. The output has outnumbered that of South Korea for the first time. South Korean shipyards built 47.5-million-DWT ships last year.

Published : August 11, 2011

Source: Asiasis


Hyundai Mipo pens 52K PC

Samos Steamship of Greece signs up for a 52,000-dwt products tanker at South Korea's Hyundai Mipo Dockyard.

Delivery is reportedly for 2012 but other sources put the delivery date as March 2013.

The order is Samos’s first with a Korean shipbuilder. Its other bulkers and tankers have been built in Japan.

Tassos Tsamouranis of Samos declines to reveal when the Hyundai Mipo order was signed but does confirm other orders that appear to have gone unreported.

No prices have been revealed on any of them and although Tsamouranis says they were “recent”, some appear to have been placed some time ago.

A 156,000-dwt tanker is being built at Sumitomo Heavy Industries. The vessel is listed with delivery in August 2012.

Additionally, one 37,000-dwt bulker is due to come out of Japan’s Saiki Heavy Industries in January 2014.

Published : August 12, 2011



Hyundai wins 5,000TEUs

Container Carriers Corp, the recently-launched boxship offshoot of shipowner Evangelos Marinakis’ Capital Maritime group, has firmed up a fifth containership newbuilding at South Korea's Hyundai Heavy Industries and is looking at further expansion in the sector.

The series order for 5,000 teu units at Hyundai three months ago was originally structured as four firm vessels and three separate pairs of options, adding up to a potential project of up to 10 vessels in all.

The fifth vessel appears to have been negotiated with HHI as a result of a five-vessel charter with Korean liner operator Hyundai Merchant Marine.

A containership broker said that HMM has tied up the five ships at a daily rate of $29,900 for “in excess of 10 years”.

Delivery dates for the first four vessels run from November 2012 to April 2013.

Brokers have reported a newbuilding price of about $60m each for the vessels.

Published : August 12, 2011



Hyundai-Vinashin eyes earnings jump

Hyundai-Vinashin Shipyard (HVS) recently held a keel-laying ceremony in central Khanh Hoa province for the construction of three large ships for its foreign partners.

The cargo ship coded S059 was ordered by the Huyndai Merchant Marine of South Korea for the first time.

The 200m long and 18.3 m wide ship, with a capacity of 60,000 DWT, is expected to be completed and launched in early November and delivered to the shipowner in January, 2012.

The 56,000-DWT S046 ship, 18.3m in length and 18.3 m in height, and having a speed of 14.5 sea miles per hour, which was being built under a contract signed between HVS and the Geden Lines shipping company of Turkey, will be also transferred at the end of January, 2012.

The S067-coded ship, 187m in length, 27.8m in width and 15m in height, is the fourth ship HVS has built for the Hi Gold 22 International S.A. (Hi-Invest) of the RoK. The ship is scheduled to be launched in February, 2012 and transferred to Hi-Invest one month later.

HVS was established in 1996 as a joint venture between the Hyundai Heavy Industry Group and Vietnam Shipbuilding Industry Group (Vinashin).

After more than 10 years of providing ship repair services, HVS switched to newbuilding-dedicated shipyard in March.

This year, HVS plans to hand over 12 fully made ships, earning a total turnover of US$490 million, a 67 percent increase on the previous year.

Published : August 11, 2011



Petrobras open to LNG-FPSO

Petrobras, Brazil's state-owned oil company, said it may yet build floating factories to liquefy natural gas after rejecting the untried technology for two of its largest offshore fields.

Gas and Energy Director Maria das Gracas Foster told reporters the company would proceed with plans to review three pre-engineering designs for a floating LNG project in August, Reuters reported.

Petrobras last month said it would not install a floating LNG unit for the BM-S-9 and BM-S-11 blocks, home to the Lula and Guara fields, as originally planned. It will use a pipeline to move the field's to onshore terminals.

Gracas said the pipeline would allow the company to recover greater value from the high-value natural gas to be produced from the giant Lula and Cernambi discoveries located in BM-S-11.

"The (floating LNG) project did not consider the recovery of the ethane for Comperj," Gracas told reporters, referring to a petrochemicals project the company is developing.

The exploration and production division "will find another location that makes sense, and the (LNG-FPSO) will be sent there".

Petrobras called for the proposals in 2009 to propose competing systems in an effort to fast-track development. A winner will be announced in October, Foster said.

Three groups submitted proposals -- Technip/Modec/JGC, SBM/Chiyoda and Saipem.

Floating LNG plants seek to overcome the high cost and technical challenges of building pipelines over long distances in very deep water. Petrobras's newest fields are some of the world's deepest and farthest from shore.

Petrobras's largest new oil and gas fields rest more than 250 kilometres (155 miles) from the nearest coast, and in waters as much as 3,000 metres deep. In these conditions, water pressure can rupture conventional tubing and welds and the cold can slow or stop the flow of liquids and gasses.

Published : August 11, 2011



Wednesday, August 10, 2011

Essar bullish on STX newbuilds

Indian owner Essar Shipping said it was confident that it could fix six 106,661 dwt bulk carriers it will take delivery of next month, saying talks were “in process”.

Essar Shipping managing director AR Ramakrishnan said that there were plenty of opportunities for the deployment of the ships, which are currently undergoing the finishing touches at STX Dalian in China.

He ruled out any possibility of delaying the delivery of the vessels, saying there was no need to do so.


출처 : Asiasis

Universal markets "G Series"

 Japan's Universal Shipbuilding announced Tuesday it has started marketing the next generation 209,000-dwt capesize bulker, as the first of the "G (Green) Bulker Series", which reduces greenhouse gas emissions by 25%.

Hull was optimized by introducing new "LEADGE-Bow" and propulsion efficiency was improved through SSD and Surf-Bulb.

In addition, electricity controlled engine, waste heat recovery system and optimized route search system help the new 209,000-dwt bulker cut fuel consumption by large compared to existing 202,000-dwt bulker.

Universal said it targets to win new order for the new Cape within this year for 2014 delivery.


출처 : Asiasis

Tuesday, August 9, 2011

Wartsila wins "Bangkok-max"

 Finland’s engine maker Wartsila will supply engines for the new series of "Bangkok-max" containerships being built in China.

The company said the eight vessels will use RT-flex60C main engines.

The 1,700-teu ships will serve as feeder vessels in Asian waters and will be built at Guangzhou Wenchong Shipyard in China.

Wartsila received the order in June. The scope of supply includes eight Wartsila RT-flex60C main engines, which will be built by a Wartsila licensee, Hudong Heavy Machinery (HHM), based in Shanghai.

The compact size of the engine is ideal for the narrow engine room that the vessel design calls for, the company added.

Four of the ships are being built for Buss Shipping of Hamburg and four for Eastern Mediterranean Maritime of Greece.

출처 : Asiasis


Japan steel dumping

Japanese steel companies are recently dumping export steel products, such as hot-rolled steel plate, thick plate, etc., to Korea. Exporting price is at most 30% lower than Japan's domestic price and South Korea's steel players are paying sharp attention.

According to steel industry, Japan's major steel companies, for instance, Nippon Steel, JFE Steel, Sumitomo Metal Industries, etc., downed prices of hot-rolled steel plate and thick plate to $720 - $730 and $830 - $840 per ton, respectively.  

These prices are not much different from Chinese prices of $720 and $820 each.

Due to products' high quality, steel prices of Japan are $100 to $200 per ton higher than those of China, in general.

Amid depressed Japanese market inventories pile up after Eastern Japan earthquake, Japan disposes of products close to manufacturing cost. Also, with an advantage of low freight, dumping supply is concentrated to geographically adjacent Korea.  

Meanwhile, Korea's main steel makers, POSCO, Hyundai-Steel, etc., are watching up Japan. And one company official said that they are in the middle of looking into antidumping lawsuit.

출처 : Asiasis


Monday, August 8, 2011

Japan promotes yard mergers


Japan, dethroned as the world’s No.1 shipbuilding nation over the past decade, is promoting mergers among local shipyards to help compete with China and South Korea.

The Maritime Bureau, which oversees the industry, is surveying companies to help find potential combinations, Director-General Norifumi Idee said.

“Japanese yards need to invest in research and development,” he said. “By merging operations, it will be easier to do that.”

Japanese yards need to grow in size and develop new technologies as they have lost market share to larger shipbuilders overseas, he said.

China has become the world’s biggest shipbuilding nation, a title previously held for decades by Japan, on the back of government investment and low wages.

The stronger yen has also prompted merger talks among Japanese shipbuilders, as the currency makes their vessels more expensive.

Most Japanese-made ships are sold in dollars. JFE Holdings Inc. (5411), Japan’s second-largest steelmaker, and IHI Corp. (7013) are holding talks on combining their shipbuilding operations. The deal could be expanded to include other yards, Shinjiro Mishima, head of JFE’s shipyard unit, said in March.

Japanese shipyards are investing fuel-saving technologies to lure customers. Imabari Shipbuilding Co., the country’s largest shipyard, for instance, has developed a hybrid fin that is attached behind a ship’s propeller and helps channel the flow of water to the rudder. That cuts fuel use by as much as 6 percent.

Published : August 8, 2011



Source: Asiasis

Small boxships to lead H2


Newbuilding orders for containerships in the second half of 2011 are expected to be dominated by contracts for smaller vessels in the 1,000 teu-3,000 teu bracket.

Lines became more hesitant about ordering ultra-large ships and demand for feederships is increaseing.

When European and US companies return to the office after the northern hemisphere summer season ends, Clarkson Research Services is anticipating an increase of orders for these smaller boxships.

“While first half 2011 has been all about large containerships, it is feasible that post-holidays increased activity will materialise in the 1,000-3,000 teu sector,” the London-headquartered research team said in its weekly shipping report.

“This sector has a much older fleet and an orderbook currently below 10% of the existing fleet, so it does seem as if this sector may prove fertile ground.

“Clearly economies of scale can be achieved on the longhaul routes by the behemoths that have been contracted so far this year, but feeding off from large ports to the smaller inter regional trades will require a greater number of smaller ships.”

The “behemoths” that it makes reference to is a stampede of ordering by lines following Maersk’s announcement earlier in the year that it is to build the world’s largest containerships — 18,000 teu Triple E class vessels — and 20 of them.

What has followed are a number of orders for boxships with capacity above 10,000 teu.

In the year to date, there had been 181 containership orders, well beyond the 124 contracted in the whole of last year, data from Clarksons showed.

Published : August 8, 2011


Source: Asiasis

SWS nets first jack-up


Shanghai Waigaoqiao Shipbuilding has sealed an order to build its first jack-up rigs.

Oslo-listed Prospector Offshore will pay $209m for each of the two harsh environment units which are due to be handed over in the first and second quarters of 2014.

The Norwegian outfit has also penned options with SWS for three more units at the same price.

These will be the first jack-up rigs for Waigaoqiao which has experience building ships, FPSOs and semisubmersible rigs.

The pair will be put together at the company’s new purpose built facility in Shanghai.

SWS reportedly accepted nominal 1% deposit to gain a foothold in high end of market.

The balance is payable on delivery scheduled for the first half of 2014.

Published : August 8, 2011


Source: Asiasis