Friday, September 9, 2011

Samsung wins LNG carrier

Greek shipowner Thenamaris added another LNG-carrier newbuilding to its orderbook tally at Samsung Heavy Industries in South Korea.

Industry sources say the owner is now sitting on three LNG slots at Samsung, where it made its first break into the sector earlier this year.

The owner is understood to have declared an option some time ago and there are hints that further vessels may be added.

Dinos Martinos-controlled Thenamaris originally concluded two 160,000-cbm ships at the yard. The first is due for delivery in 2013, with the second now to follow in 2014.

Published : September 9, 2011


STX wins well-intervention ships


STX Finland has won an order for two new well-intervention vessels from Norway’s Eide Marine Services for more than EUR 300m ($420m).

The “technically advanced” 31,000-dwt ships, 122m in length and 45m in breadth, are designed to operate in rough open sea conditions on the Brazilian continental shelf, the yard group said.

Well intervention vessel is capable not only in preliminary research for subsea oil field,  construction support for natural gas field, follow-up services but also subsea pipe installation and deep sea drilling.

The first hull will be built at Rauma from April 2012. The two will be delivered in March and June 2013.

"The outfitting contract for Eide Marine Services is a very important project for STX Finland. Also, upon recent opportunity, we are to diversify business portfolio with offshore plant." ” said boss Timo Suistio.

Published : September 9, 2011


Wartsila & Shell promote LNG

Wärtsilä and Shell Oil Company have signed a Joint Co-operation Agreement aimed at promoting and accelerating the use of liquefied natural gas (LNG) as a marine fuel.

The agreement was signed in August 2011 and will run for several years.

Supplies of low cost, low emissions LNG fuel will be made available to Wärtsilä natural gas powered vessel operators, and other customers by Shell.

The Joint Cooperation Agreement will focus first on supplies from the US Gulf Coast, and then later expand their efforts to cover a broader geographical range.

Gas fuelled marine engines are seen as being a logical means for ship owners and operators to comply with increasingly stringent environmental legislation.

This agreement aims at increasing and easing the availability of natural gas for marine engine use, as well as developing the supply chain and infrastructure to facilitate the bunkering of LNG fuel.

The two companies will jointly move these developments to marine markets in order to enhance its rapid introduction and use.

Published : September 9, 2011


Thursday, September 8, 2011

DNV classes advanced seismic vessel

The new, fifth generation Ramform series seismic vessels of PGS is built at Mitsubishi Heavy Industries in Japan.

The order for two seismic vessels plus two options which was signed in Oslo earlier this year.

When completed in 2013 these vessels will be the most technically advanced seismic vessel featuring 3D seismic data acquisition and analysis capability.

The vessels will be built to DNV class.

The new seismic vessels are the first in fifth generation Ramform series, "Ramform W-class". Developed to have length of 104 meter and a very wide breadth of 70 meter, the series adopted diesel electric for the main propulsion system for quiet operation. Based on the design of the current Ramform fleet, capabilities along several key parameters were improved.

"These new generation series are developed in much bigger size compared to the previous Ramform series. One of the main reasons to develop the new Ramform design in wider hull form was to increase the stability and results of PGS's model tests on these new hull shape prove that these new design give better stability compared to the previous Ramform series," elaborates Johan Tutturen, DNV Country Manager, Japan.

Published : September 8, 2011


Orders hit ‘two-year low

Monthly newbuilding ordering reached a two-year-low in August, with only 45 ships contracted worldwide.

Clarkson Research Services says low freight rates and overtonnaged markets kept many shipowners away from shipbuilders.

The figure also marks the worst August performance since Clarksons started reporting newbuilding contract data in the 1990s.

Year on year, newbuilding activity is down by 43% to date but in spite of plummeting newbuilding sales, prices have remained stable.

Clarkson’s Newbuilding Price Index has been stuck quite firmly around 142 for two years now.

Orderbooks are still filled for the time being, with tonnage under construction representing 28.6% of the global fleet last week.

The London-based shipbroker's research team warns, however, that prices could be driven down soon, perhaps even dipping below shipyard’s break even costs.

According to Clarksons, a large number of additional order options held by owners with contracts at South Korean shipyards are set to expire in the coming months, which could free up berth capacity and put pressure in prices as yards look for new business to fill their forward orderbooks.

Published : September 8, 2011


Korea order share grows

World new commercial ship orders in August recorded lowest monthly volume this year with 45 vessels, 1.41m cgt.

Clarkson Research Services reported that South Korean shipbuilders won 910,000 cgt, about 64% of overall newbuilding in August.

Korea ranked the first place since February this year, for seven consecutive months and has kept the high monthly newbuilding order shares of around 60%.

Meanwhile, China ended up booking 330,000 cgt and 23.5% of new order market last month.

Even in times of world newbuilding order being depressed during the second half, Korean shipbuilders are outstanding in raising newbuilding order share.

Korea takes 54% of accumulated newbuilding orders by August this year, while China gets 29%.

Published : September 8, 2011


Samsung self-develops LNG tank

Samsung Heavy Industries of South Korea successfully self-developed a cargo hold for membrane LNG carriers for the first time in Korea. It has completed Korea's last unsolved shipbuilding technology of LNG carriers' hold manufacturing and contributed perfect localization of shipbuilding technology.

Samsung had a launching ceremony for its cargo hold, named 'SCA (Smart Containment-System Advanced).

SCA is assumed to reduce KRW 9bn-10bn ($8.4m-$9.3m) of technology fee for one LNG carrier, if it is equipped.

As original technology for hold manufacturing had been from foreign companies, Samsung has started joint research with Korea Advanced Institute of Science and Technology (KAIST), targeting self-supporting hold manufacture in 2007. And already certified for the basic design and detail design from LR, ABS, etc.

Published : September 7, 2011