Friday, September 23, 2011

Newbuilding price keeps falling

Clarkson Newbuilding Price Index has dropped for two months in a row to 140.8p by the end of August, down by 0.7p on previous month.

Bulker and tanker's benchmark newbuilding prices decreased in every size, comparing to the end of last year.

But LNG carrier keeps its value, on the basis of 160,000-cbm, worth $202m.

According to Clarksons, worldwide newbuilding orderbook continued its downtrend in August as well, recording 6,686 ships, 411.1m dwt in the end of last month.

Newbuilding order was 45 ships of 2.8 dwt in the same month, the least monthly amount this year. Also, newbuilding order totals $3.4bn, the biggest fall from the monthly-average during Apr-Jun period of $9bn.

In August, orders for 13 boxships worth $1.1bn were placed, bringing the number of total containership orders to 198 vessels, $16.9bn from January to August.

And an overall six cruiseships were new ordered year to date and three of them were from last month.

Meanwhile, newbuilding delivery for August was 90 ships of 5.9m dwt totalling $4.6bn and July-newbuilding delivery was corrected at 198 vessels.

During Jan-Aug period, bulker delivery recorded 719 ships, 59.2m dwt, expected to even exceed 1,000 vessels for the year, the record high.

Published : September 23, 2011


Russia invest heavily in shipbuilding

[Ship Building] Russia invest heavily in shipbuilding

State support of the Russian shipbuilding industry during the period of 2012-2014 may total about 140 billion rubles ($4.4bn), the Ministry of Economic Development said.

According to the 2012-2014 forecast of social and economic development of the Russian Federation prepared by the Ministry the money will be invested in execution of defense order, in expansion of military and technical cooperation, and in newbuildings orders for the needs of SCF, Rosneft, MMC Norilsk Nickel, Rosmorport, Gidrometflot, other shipping and fishing companies (tankers, supply ships, icebreakers, research vessels, ferries, fishing vessels and inland vessels, towboats, booms layers and rescue vessels).

The money will be spent through different federal target programs encouraging Russian defense, shipbuilding industry, leasing schemes.

This will boost military and civil shipbuilding in the country by more than 70 percent until 2014, the forecast said.

Published : September 23, 2011


KOMEC e-market place

Global Service Center of Korea Marine Equipment (KOMEC) completed building a 'marine export-supporting system (,' to boost exporting competitiveness and globalization for local marine equipment makers.

Recently built marine equipment e-market place would back branding South Korean marine-equipment products and raise international brand awareness, by promoting to shipbuilding related buyers, such as shipbuilders, owners, repairers, etc., of Korean products and technology.

This system is constituted with e-market place where product display and sales consultation is available 365 days and 24 hours, trading support and information providing services, B2B Mall in which one stop shopping is accomplished from product registration, order, delivery and to payment, smart phone application, and others.

Published : September 22, 2011


Thursday, September 22, 2011

Philippines to import LNG

[Ship Building] Philippines to import LNG
The Philippines plans to begin importing liquefied natural gas (LNG) in the next four to five years.

The country is in talks with US, Canadian and Australian suppliers, energy under-secretary Jose Layug said.

“In four to five years, hopefully we will begin commercial activity for LNG. A decision on how we will import the gas, including looking at floating vessels, will be made by the end of this year,” Layug told reporters.

LNG is seen as the main source to meet the country's expected 5,000 MW per day domestic demand for gas-fired power in 2016, up from the current 2,700 MW, he said.

“We are conducting feasibility studies on which areas are appropriate for a LNG receiving terminal, a pipeline, even for a floating vessel. We are awaiting the master plan by year-end. They are looking at Luzon and Manila Bay very likely Luzon will be the hub,” Layug said.

Published : September 22, 2011


LNG newbuild expand

[Ship Building] LNG newbuild expand
Newbuilding orders for LNG carriers are expected to grow henceforth, with shipyards securing 44 newbuildings year to date.

Overall LNG carriers, LNG-FSRU and LNG-FPSO in particular, have the bright outlook.

LNG-usage is forecast to increase by over 20 countries for a decade from now, when 22 countries use LNG currently. Also, carbon emission regulation and recent accidents from nuclear power plant in Japan and a nuclear dump site in France would enlarge LNG market.

After Japanese nuclear power plant crisis in March, LNG price abruptly rose by 20% and new order for LNG carrier grew as well.

According to statistical data, only five newbuilding LNG-carrier orders were made last year, however, a total of 44 newbuildings were ordered year to date. Prospect is that overall 55 ships would be newly ordered in 2011.

South Korea's Samsung Heavy Industries won 17 LNG carriers, eight vessels by Daewoo Shipbuilding & Marine Engineering, eight by Hyundai Heavy Industries (including two by Hyundai Samho Heavy Industries), two from STX Offshore & Shipbuilding. About 80% of LNG newbuildings were taken by Korean shipbuilders.

In addition, China's Hudong-Zhonghua Shipbuilding penned four LNG-carriers for LNG transport into China thanks to China's local content and Mitsubishi Heavy Industries and Kawasaki HI inked new orders from Japanese shipowners.

Published : September 22, 2011

STX inks LNG carrier

[Ship Building] STX inks LNG carrier

STX Offshore & Shipbuilding signed a contract to build an LNG carrier on September 15th.

The recent LNG carrier order is a result of a modification of a deal for two bulkers penned in July 2008 for around $210m, as per the request from the owner.

After order conversion, delivery is set for February 2015 with a price tag of around $197.5m for the new LNG carrier.

Greece's Angelicoussis also converted three VLCC orders at Daewoo Shipbuilding & Marine Engineering into three LNG carrier orders in May this year.

Meanwhile, STX O&S won two plus two optional 170,200㎥ LNG carriers from Russia's Sovcomflot in May this year.

Published : September 22, 2011