Friday, February 3, 2012

Introducing Asiasis



Asiasis (Asia Shipbuilding Information Service) website (www.asiasis.com) was set up in October 2008 as a global online news source and information provider for the professionals in shipbuilding industry around the world.

Headquartered in Seoul, South Korea, Asiasis has provided news for South Korean enterprises in shipbuilding industry including top shipbuilders for more than ten years since the first issuance in April 1998. Asiasis has gained a stable reputation as the representative shipbuilding news provider among the professionals in South Korean shipbuilding industry. 

Besides news coverage, Asiasis website offers a variety of other useful and valuable information, like major shipbuilding facilities in top three shipbuilding nations, newbuilding fixtures around the world, international maritime conferences and ship S&P data. Furthermore, this online shipbuilding portal provides the most important news in Chinese and Korean as well and delivers a daily newsletter with core news through email to subscribers around the world.



To visit Asiasis Webpage, click the banner on the right side of KOMEC Webpage. 



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Korea Expands Aid



The Export-Import Bank of Korea (Korea Eximbank) announced on 2 February that it would manage financing amount and time more flexibly to support shipbuilders and shipping companies, suffering from contract alteration/cancellation, rising raw-material costs, etc.

The Korea Eximbank, which once planned a total of KRW 14.55trn of ship financing, including KRW 3.25trn of loan and KRW 11.3trn of assurance, decided to finance beyond the previously planned amount immediately, as there occurs unexpected demand from shipbuilders.

It is analyzed that the Korea Eximbank has accepted market opinions, which said that active financing from the Korea Eximbank would be needed in the current times of decreasing order placement by depressed shipping market and shrinking financial support from banks.

Also, the Korean policy financial institution revealed that it had plans to examine to reduce guarantee fee.

The Korea Eximbank's supporting plans are summed up as follows; to reinforce mid-to-long term ship financing for Korean shipbuilders and shipping companies, which are recently pressured by withering financing due to Eurozone financial crisis, etc.; to expand support for high-value vessels, such as drillship, ultra-large boxship, FPSO, etc.; to support Korean shipbuilders' new ship contracts winning by issuing letter of intent for loan for shipowners from the early stage of order negotiation.

Meanwhile, since global financial crisis in the end of 2008, heavy-tail payment has been on an uptrend, which burdens shipbuilders due to low-proportioned down payment and high-proportioned delivery payment.

Therefore, the Korea Eximbank offered about KRW 260bn for manufacturing financing to help yards with financial difficulties in ship construction in January, which increased by 27% year-on-year.

President Kim Yong-Hwan said, "We have reflected market players' requests to help Korean shipbuilders and shipping companies maintain competitiveness. New financing plan would stabilize market, as yards enable to focus on sales activity."



Published : February 3, 2012




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Samsung extends drillship



Pacific Drilling S.A. announced on Wednesday that one of its subsidiaries has reached an agreement with Samsung Heavy Industries to extend until February 17, 2012 an option to construct a seventh ultra-deepwater drillship.

Under the revised terms of the option agreement, the delivery of the drillship will be no later than May 17, 2014. The commercial terms of the option agreement are unchanged.

Pacific has previously said it expects the total cost, including commissioning and testing and other costs, to be about $600m, excluding capitalized interest.

Pacific Drilling, which only listed in the US in December, controls a fleet of six ultra-deepwater drillships including newbuildings.

Four have already hit the water and the other two, which are under construction at Samsung, are due for delivery in 2013.



Published : February 3, 2012




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Thursday, February 2, 2012

Big3 win 1st orders



South Korea's Big three shipbuilders are busy to win new orders from the beginning of the New Year.

Sources said that Hyundai Heavy Industries recorded its first New Year's contract for one 84,000-cbm LPG carrier (VLGC) from Indonesia's state-owned oil company Pertamina, in January.

On 16 January, Samsung Heavy Industries announced that the letter of agreement for central processing facility with INPEX of Japan took effect.

The contract is worth about KRW 2.6trn ($2.29bn), the largest amount among same-type plant and it would reach about KRW 3trn after adding up additional equipments to be confirmed at final contract signing.

Daewoo Shipbuilding & Marine Engineering also inked a fresh order in 2012 for four VLCCs and one aframax PC, totalling about $560m, from state-owned Kuwait Oil Tanker Company (KOTC) on 30 January.

Market player said, "New order competition among shipbuilders would grow fiercer, as 2012 would see overall orders reduced. If Big three well overcome the recent crisis, they are likely to further dominate global market in the future."

'Survival' is the big thing in global shipbuilders this year. Chinese builders, many of which facing with liquidation problem, strive through lack of orderbook with super-low margin contract.

Starting with M&A between Universal Shipbuilding and IHIMU, Japanese yards push forward restructuring and the government and shipbuilders intend to secure orders by providing shipbuilding technical skills to yards in Southeast Asia.


Published : February 2, 2012

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Samsung wins 'ISO 50001'



Geojae Yard, Samsung Heavy Industries wins certification on energy management for the first time in the world.

Samsung announced on 2 February that it certified 'ISO 50001' from LRQA. ISO 50001 is an international standard over companies' energy-saving plan, practice, operation, etc., which took effect in June 2011 by ISO.

The South Korean shipbuilder has created 'Energy Management TF' and studied energy-saving measures, since its announcement for Green management in January 2010.

As a result, Samsung completed a road map for energy management with target of reducing 20% of greenhouse gas/energy emission by 2020 and 'Energy Management System,' which includes integrated IT system for energy management, energy measurement system, etc.


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Published : February 2, 2012





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KR launches 'New Growth Industry'


Korean Register of Shipping (KR) founded a 'New Growth Industry' division, made up by KR Certification Center, Green & Industrial Technology Center, Naval Business Center and New Growth Industry Management Team, on 1 February.

Chairman Oh Kong-Gyun said, "KR has finally launched New Growth Industry division with a purpose of business diversification. I am sure that this newly established division would lead sustainable development and KR's Green Management started from 2010 would gather pace."

Newly-appointed head of New Growth Industry division, chief of Green & Industrial Technology Center Kim Man-Eung said, "We will work hard to stabilize the fresh division in a short period to achieve KR's VISION 2020 and to create new growth engine."

He presented visions for the division; to achieve business diversification through securing future technology; to be a global leader with development of leading technology; to leap into global company through green management.



Published : February 2, 2012




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Wednesday, February 1, 2012

[catalogs] KNIFE GATE VALVE




  •  Knife Gate Valve

- Provide economical model of Liner type Knife Gate Valve.
- Uni-directional and bi-directional, metal seat and 
   resilient seated Knife Gate Valves are available.
- designed and engineered for pulp and paper, chemicals.
- mining and petroleum industries to handle dense mixtures of stock slurries.
- The shearing action of the knife gate cuts through solids and cleans the seat 
   as it closes.

  •  Details

1. KWS
1. MSS SP-81 specification for 150PSI
2. Flanges per ANSI B16.5
3. Size3" ~30"
4. FluidPower Plant, Waste water, Treatment Plant, Slurry, Ash, Chemical Plant
5. Seat SleevesGum Rubber
KWS is a wafer flat-face flanged, bi-directional knife gate valve. It is suitable for a wide range of industrial applications, including abrasive slurry services. The valve's sealing surface is between two thick resilient sleeves that are compressed into the valve housing. The basic simplicity and open design of the valve invites an extremely wide range of options and accessories that can be tailored to specific applications.
Option Parts on Requset
materials for body, disc, stem, seat, packing, ect.
driving parts for handwheel gear, many kind of actuator, etc.
special size on your requset

2. KSR
1. MSS SP-81 specification for 150PSI
2. Flanges per ANSI B16.5
3. Size3" ~30"
4. FluidPulp, Paper, Slurry, Ash, Coal, Oil, Chemical
This valve is a stainless steel body and yoke design & designed to handle light mixtures of stock and slurries with bidirectional shut-off.
Option Parts on Requset
materials for body, disc, stem, seat, packing, ect.
driving parts for handwheel gear, many kind of actuator, etc.
special size on your requset

3.KSM
1. MSS SP-81 specification for 150PSI
2. Flanges per ANSI B16.5
3. Size3" ~30"
4. FluidPulp, Paper, Slurry, Ash, Coal, Oil, Chemical
This valve is a stainless steel body and yoke design & designed to handle dense mixtures of stock and slurries with unidirectional shut-off.
Option Parts on Requset
materials for body, disc, stem, seat, packing, ect.
driving parts for handwheel gear, many kind of actuator, etc.
special size on your requset

4.KLR
1. MSS SP-81 specification for 150PSI
2. Flanges per ANSI B16.5
3. Size3" ~ 24"
4. FluidPulp, Paper, Slurry, Ash, Coal, Oil, Chemical
This valve has specification for economy ductile iron body & stainless liner against fluid.
Also you can choose the option parts for your best fluid control.
Option Parts on Requset
materials for body, disc, stem, seat, packing, ect.
driving parts for handwheel gear, many kind of actuator, etc.
special size on your requset

5.KLM
1. MSS SP-81 specification for 150PSI
2. Flanges per ANSI B16.5
3. Size3" ~ 24"
4. FluidPulp, Paper, Slurry, Ash, Coal, Oil, Chemical
This valve has specification for economy ductile iron body & stainless liner against fluid.
Also you can choose the option parts for your best fluid control.
Option Parts on Requset
materials for body, disc, stem, seat, packing, ect.
driving parts for handwheel gear, many kind of actuator, etc.
special size on your requset

CONTACT Information
Hiflyvalve.Co.,Ltd
568-4,Sinpyeong-Dong,Busan,South Korea
Phone 82-51-831-8482
FAX 82-51-831-8486
http://www.hiflyvalve.com




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Big3 await FPSO award



South Korea's Big three shipbuilders would have a hot competition to be on a vantage ground in offshore plant market, from February.

Sources said that Hyundai Heavy Industries, Samsung HI and Daewoo Shipbuilding & Marine Engineering are strong candidates, most likely to win three large offshore plant orders to be awarded in the first half 2012.

Those offshore projects are Australian Ichthys FPSO, Russian Shtokman FPU, Nigerian Egina FPSO, worth about $1.5-$2.5bn each.

Part of projects are bid by overseas companies from France, China, etc., separately or in a consortium. However, it is forecast that Korean builders have no comparison in track records or technical skills and the competition would only be raced by Big three.

In case of Shtokman's FPU, of which tender result scheduled to be announced in early February, Samsung and Daewoo are known to be on the final lists.

Besides, Hyundai and Samsung are fighting for Nigeria's FPSO and Big three all jumped into Australian FPSO competition, totalling $2bn.


Published : February 1, 2012


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Daewoo tipped to win $13bn



Daewoo Shipbuilding & Marine Engineering of South Korea would be able to contract over $13bn in 2012.

Analyst Seo Jung-Duk from Meritz Securities said, "Daewoo's contracts for offshore would boost order intake over $13bn this year. Also, after profitability hitting bottom in the first half, operating margin would grow slowly."

Meritz' Seo added, "Two investment points are that contracts for offshore plant would rather increase this year and concerns about additional decline in earnings performance are restricted."

SK Securities' Analyst Lee Ji-Hoon also forecast, "Daewoo's prospected contract for 2012 is affirmative. Daewoo would make fruits of large-size order, such as Petronas' LNG-FPSO, Israeli Tamar's FLNG, PNG FLNG, etc."

Therefore, the Geojae-based yard would reach $10bn of contracts for offshore plants alone in 2012, up by 49% year-on-year.



Published : February 1, 2012

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Wartsila finalizes Hamworthy buy


Hamworthy's portfolio of high technology products and systems represents a valuable complementary addition to Wärtsilä's offering.

The combining of the two companies' strengths will speed up and ease the means for customers to reduce operating costs and achieve compliance with environmental legislation.

Wärtsilä's acquisition of the British-headquartered, global engineering company Hamworthy plc has become effective as of Jan. 31, 2012.

This acquisition is a major step in Wärtsilä's strategy to strengthen its position as a total solutions provider, and to be the most valued partner for its customers with a complete range of products, integrated solutions, and services to the marine and offshore industries.

Wärtsilä announced the recommended cash offer for Hamworthy in November last year.



Published : February 1, 2012

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