Sea Japan 10th Seminar is coming next week!

The 10th anniversary Seminar of Sea Japan is coming next week on 18th April.

18-20 April 2012 10:00～17:00,

East Halls 5 & 6

Entrance free of charge for pre-registered visitors or ticket holders 

(contact us now if you need extra tickets!)

The first Sea Japan was held in Yokohama in 1994 and this year marks the tenth edition of this biennial event. In order to celebrate the event a number of special seminars will be held on topics including low-energy, efficient engines, alternative fuels, emission control and deep-sea exploration.  

Register now!

In order to comply with ever-higher regulations and environmental standards, as well as operating under increasingly tougher economic conditions, ship owners and operators need the very latest in technology and products. In these seminar sessions, exhibiting companies present their solutions to these challenges. Many of these free of charge sessions attract standing room only audiences. Make sure you arrive early to get a seat.

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STX OSV inks ice AHTS

Singapore, 12 April, 2012 –- STX OSV Holdings Limited ("STX OSV"), one of the major global designers and shipbuilders of offshore and specialized vessels, announced that it has secured a new contract for the design and construction of one Anchor Handling Tug Supply vessel ("AHTS") for Iceman AS.

The vessel is developed and designed by STX OSV. It will be of AH 12 design, highly equipped for multi role operations in harsh and arctic areas, with wide beam and built according to ice class.

The overall length of the vessel will be 94 meters with a beam of 24 meters.

Delivery is scheduled from STX OSV in Norway mid-2013. The hull of the vessel will be delivered from STX OSV in Romania.

Iceman AS is an investment company under establishment by Pareto Project Finance AS, supported and subscribed for by a group of Norwegian and international investors

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Jiangsu yards slow down

Amidst troubled shipbuilding market in China, shipbuilding industry in Jiangsu province have maintained its first place in major ship-related indexes in China, despite a slight decrease.

According to a recent report from the Jiangsu Economic and Information Technology Commission of China, during the first two months, Jiangsu's delivery stood at 75 vessels of a cumulative 2.58m dwt, down by 17.1% year-on-year, of which export ship taking 87.6%. Also, this accounted for 12.3% and 35.9% of world and Chinese market, respectively.

13 of major shipbuilders placed in Jiangsu have seen a total of 2m-dwt delivery, 77.5% of Jiangsu's overall record.

During the same period, Jiangsu contracted a total of 31 vessels of a cumulative 0.408m dwt, down by 74.2% y-o-y, of which export ship taking 70.8%. Also, this makes up 5.0% and 8.3% of global market and Chinese market each.

13 Jiangsu-based yards contracted 0.178m dwt, 43.6% of overall contracts from Jiangsu.

As of the end of February, Jiangsu's newbuilding orderbook declined to 54.56m dwt, by 24.8% y-o-y, of which export ship accounted for 85.1%. Overall orderbook in Jiangsu took 16.2% in the world and 37.2% in China.

13 yards are turned out to take 89.1% of Jiangsu's overall orderbook with 48.6m dwt.

Decreases in delivery, new order and orderbook represents how difficult situations Jiangsu's shipbuilding industry are now facing, said the Jiangsu local government.

Added, however shipbuilders are pressured by increasing labor and raw material costs and decreasing orderings, shipbuilders should make great efforts to meet 2012 delivery target of 20m dwt.

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BLRT builds three new ferries

Fiskerstrand BLRT has won the international competition which was arranged by Boreal Transport Nord AS for building three new ferries

Boreal Transport Nord AS has awarded contracts for three new double ended passenger and car ferries to Fiskerstrand BLRT AS.

The ferries will be delivered in autumn 2013, and commissioned from January 1st. 2014 to three different crossing services on the coast of Helgeland in Nordland County in Northern-Norway.

The ferry services are ordered by Nordland County Council, and Boreal Transport Nord AS will operate the vessels and deliver the transport service. Included the newbuildings Boreal Transport Nord AS operates a total of six ferries on four different crossings in Nordland County. The building contract signed with Fiskerstrand BLRT AS also includes an option for a fourth vessel to be delivered by end of January 2014.

"The ferry building contracts were subject to international competition, and being able to sign with Fiskerstrand BLRT AS, clearly proves our competitiveness. To us the choice of shipyard is based on an overall assessment. In addition to price, delivery time and not least experience are important to us. Fiskerstrand has delivered about 30 ferries," said Kjetil Førsvoll, Chairman of the Boreal Transport Nord AS upon the election of shipyard.

"This is our first contract with Boreal Transport Nord AS, and we regard this company as a new customer and very exciting transport operator in Norway," said the Fiskerstrand BLRT AS CEO Rolf Fiskerstrand. "We are pleased and proud to succeed in a strong international competition, and we see this as a confirmation that we are a strong European supplier on design and construction of ferries, says Rolf Fiskerstrand."

The ferries are designed by Fiskerstrand BLRT AS owned naval architechts Multi Maritime AS In Førde. The new buildings represent a significant capacity increase on the actual crossings. Each of the new vessels can accommodate 50 passenger car units, and to 249 persons, says project manager for Boreal Transport Nord AS, Bjorn Arne Bjerke. Emissions-friendly diesel engines in combination with highly efficient hull shapes are enhancing the environmental impact significantly compared to existing tonnage. Two of the ferries have closed in car deck for operation in C-class waters areas, whilst the third is of open type, for operation in water areas classified as D.

Fiskerstrand BLRT AS is a Norwegian-registered joint venture company established 50/50 in 2007 by Fiskerstrand Verft AS in Ålesund and Western Shipyard in Klaipeda, Lithuania. Western Shipyard is a part of BLRT Grupp which is headquartered in Tallinn, Estonia. The holding consists of 77 companies in 8 European countries with 4000 employees. Among the ferries delivered by Fiskerstrand BLRT AS and the holding are the world largest gas ferry and three identical ferries for Saaremaa Laevakompanii.

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Technip awarded big subsea deal

April 12, 2012 - Technip has been awarded a subsea contract by Chevron Australia Pty Ltd for the Wheatstone Project, one of Australia's largest resource projects.

The contract, valued at approximately €245 million, covers the development of the Wheatstone and Iago fields, located in the Carnarvon Basin, offshore North Western Australia.

This contract includes: project management, design, fabrication and installation of subsea isolation valve, production tee protection structures, spools and jumpers, transport and installation of manifold, foundation structures and pipeline termination structures, supply and installation of 41 kilometres of umbilicals.

Technip's operating center in Perth, Australia will manage the overall project, with engineering to commence immediately. Vessels from the Technip fleet will be used for the offshore campaign, including the Deep Orient and Global 1201, with completion scheduled in 2015.

The contract is expected to create a significant number of West Australian jobs, including in the Pilbara region.

The Chevron-operated Wheatstone Project is located at Ashburton North, 12 kilometres west of Onslow in Western Australia. It is a joint venture between the Australian subsidiaries of Chevron, Apache, Kuwait Foreign Petroleum Exploration Company, Shell and Kyushu Electric Power Company. The initial phase of the project will consist of two liquefied natural gas trains with a combined capacity of 8.9 million tonne per annum and a domestic gas plant.

Hallvard Hasselknippe, Chief Operating Officer, Technip Subsea Division, Asia Pacific stated: "This contract award represents a significant milestone for Technip in the Asia Pacific region. It confirms the effectiveness of our strategy to build conceptual, engineering, manufacturing and installation resources dedicated to our clients' subsea projects in the region. This is the largest EPCI contract to date for Technip in the area, and includes a first win for our newbuild construction/flex pipe lay vessel Deep Orient, working together with the newly acquired G1201. The scope of the project illustrates perfectly the expected synergies from the recent acquisition of Global Industries, whose teams bring complementary subsea know-how, assets and experience, including in Asia Pacific."

Frans Roozendal, Managing Director of Technip in Oceania said: "This is an exciting project for Technip with the majority of work undertaken from our Perth office. Technip looks forward to strengthening an existing relationship with Chevron, a key customer here in Australia."

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ABB wins Carnival service deal

Long-term Azipod maintenance agreement for 20 ships will improve their energy efficiency by 2.5 to 4 percent, cutting costs by as much as $1 million a year per ship.

Zurich, Switzerland, April 11, 2012 - ABB, the leading power and automation technology group, has won a long-term service contract from Carnival Corporation to maintain and upgrade ABB's Azipod equipment over the next 15 years for 20 ships in their fleet, cutting costs by as much as $1 million a year per ship.

Carnival is the world's largest cruise ship operator and has 20 cruise vessels with Azipod propulsion systems. ABB's energy efficient Azipod uses less fuel than traditional systems, and provides better manoeuvrability in all operating conditions. The upgrades are projected to improve the already high energy efficiency of Azipod units by 2.5 to 4 percent.

"Customers in all industries are looking at ways to reduce overall lifecycle costs and make such costs more predictable, while continuing to improve equipment performance," said Veli-Matti Reinikkala, head of ABB's Process Automation division. "We provide a full portfolio of services, including ongoing technology upgrades and dependable maintenance support to help extend the life of equipment, and ensure that it runs at the highest energy efficiency levels possible."

The service contract covers technology and energy efficiency upgrades for all Azipod systems and propulsion condition monitoring for all ships, and other system equipment maintenance.

The contract includes technology upgrades such as the newly designed Azipod optimized fin shape, which receives water flow from the propeller at a new, less acute angle that redirects the flow more efficiently and Azipod Dynamic Optimizer, a software tool designed to control the pod toe angle, which provides even greater fuel savings for large vessels.

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Keppel wins $4bn Brazil rigs

April 12, 2012 - Keppel Offshore & Marine Ltd (Keppel O&M), through its subsidiaries, Keppel FELS Brasil S.A. and Estaleiro BrasFELS Ltda, has signed a Letter of Intent (LOI) with Sete Brasil Participações S.A. (Sete Brasil), for the design and construction of five additional semi-submersible (semi) drilling rigs based on Keppel's proprietary DSSTM 38E design.

The aim of the LOI is to facilitate Keppel O&M's preparation work on these potential projects, pending the signing of the final construction contracts.

The total value of the contracts, if and when successfully agreed and executed between Keppel O&M and Sete Brasil, will be approximately US$4.12 billion.

Earlier in December 2011, Keppel O&M secured one semi to be built to the same DSSTM 38E design from Sete Brasil.

Like the first rig, the additional five rigs are intended to support Brazil's exploration of its vast proven offshore oil and gas resources.

The DSSTM 38E design is an enhancement of Keppel's proven fifth generation deepwater solution, the DSSTM 38. With improved capability and operability, the DSSTM 38E is well suited to meet the stringent requirements of the deepwater "Golden Triangle" region, comprising Brazil, Africa and the Gulf of Mexico.

Sete Brasil's Chief Executive Officer, Mr Joao Carlos Ferraz, said, "We have entered into this LOI for five additional semis from Keppel, as we are confident of Keppel's strong track record in the design and construction of deepwater rigs, as well as their established yard in Brazil. It is full steam ahead for us in growing our fleet of rigs and vessels to support the E&P activities in offshore Brazil, and we need to partner shipyards like Keppel which can deliver the quality rigs in a timely manner which we are looking for."

Mr Tong Chong Heong, Chief Executive Officer, Keppel O&M, said, "We are pleased that Sete Brasil is moving ahead with the decision to order five additional semis on top of the first DSSTM 38E semi ordered late last year. With our proven track record at our Angra yard in Brazil, we believe we are in a good position to continue to contribute effectively to the growth of Brazil's oil and gas industry."

Jointly developed and owned by Keppel's Deepwater Technology Group and Marine Structure Consultants, the DSSTM 38E design is an innovative and cost-effective design. It is rated to drill to depths of 10,000 metres below the rotary table in 3,000 metres water depth. Its operational displacement is approximately 45,000 tonnes. Each rig will have accommodation facilities to house a crew of up to 160 men. The vessel is designed to stay in position via eight Azimuthing thrusters and the configurations comply with the American Bureau of Shipping Dynamic Positioned System (DPS-3) requirements.

Keppel Offshore & Marine (Keppel O&M), a wholly-owned subsidiary of Keppel Corporation Limited, is a global leader in offshore rig design, construction and repair, ship repair and conversion, and specialised shipbuilding. Its near market, near customer strategy is bolstered by a global network of 20 yards in the Asia Pacific, Gulf of Mexico, Brazil, the Caspian Sea, Middle East and the North Sea regions. Integrating the experience and expertise of its yards worldwide, Keppel O&M aims to be the provider of choice and partner for solutions for the offshore and marine industry.

Keppel O&M established its yard in Brazil, BrasFELS, in 2000. It has gone on to achieve many firsts for the Brazilian offshore industry, including the construction of some of the world's largest floating production units, P-52, P-51 and P-56 for Petrobras.

The yard, located in Angra does Reis, is currently working on a number of projects, including the upgrade of two drillships for Noble, the construction of the P-61 Tension Leg Wellhead Platform for Petrobras and Chevron, as well as the building of the first DSSTM38E semi for Sete Brasil. It is also integrating the topside modules for FPSO Cidade Da Sao Paolo for a joint venture company between MODEC and Toyo Offshore Production Systems.

Apart from the Angra dos Reis location, Keppel O&M is currently developing a 7.6 ha specialised shipbuilding facility, Keppel Singmarine Brasil, in Navegantes, Santa Catarina. Ahead of its opening, the yard has already secured two contracts from operators in Brazil to construct a series of six harbour tugs and two large-sized 4500dwt Platform Supply Vessels.

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COSCO bags more tender rig

Hamilton, Bermuda, April 12, 2012 - Seadrill has exercised an option to build a new tender rig at the COSCO Nantong Shipyard in China.

The new unit, T18, is scheduled for delivery in the fourth quarter 2013. Total project price is estimated at US$135 million, including project management, drilling and handling tools, spares, and capitalized interest.

T18 is similar to the three tender rigs Seadrill ordered from COSCO last year, with enhanced drilling capabilities allowing for higher drilling efficiency including the advantage of a light weight drilling equipment set.

Alf C Thorkildsen, Chief Executive Officer in Seadrill Management AS says, "We are pleased to announce a further addition to our market leading fleet of 20 tender rigs. The tender rig business continues to deliver excellent operational results. Based on the further strengthening of the offshore drilling market we continue to see compelling investment opportunities that will provide solid earnings growth for Seadrill."

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Daewoo offshore order surge

Daewoo Shipbuilding & Marine Engineering expects to boost offshore facility contracts this year and is in talks for its first order for a floating liquefied natural gas production plant.

The world’s third-biggest shipbuilder may win the FLNG order early as next month, Senior Executive Vice President Ryu Wan Soo said in an April 9 interview in Seoul, without elaboration, Bloomberg reports.

The shipyard said in a February filing that it was in talks to build a plant for Petroliam Nasional Bhd. (PET)

Daewoo may also get a separate FLNG contract around year-end, which isn’t included in its full-year order target, Ryu said, as energy companies buy gas equipment to meet surging Asian energy use. Investment in LNG and oil-drilling may help Daewoo win $8.5 billion of contracts for offshore products this year, equal to 77 percent of its company-wide order target.

Demand for semi-submersibles, which are used in deep waters, is rising as energy companies explore new areas, including parts of the North Sea, Ryu said. Energy companies will probably order about 15 new rigs industrywide this year, of which the majority will be semi-submersibles, he said.

“Demand for offshore units is expected to grow for at least two to three years as oil companies plan to spend more on exploration and production,” Ryu said. “We should be able to achieve our order target for this year.”

Daewoo has also resumed talks on a possible tie-up with a shipyard in Brazil and it may make a decision on whether to pursue a deal by the middle of the year, Ryu said. He declined to name the Brazilian company.

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ACL to order giant Ro-Ro

Atlantic Container Line expects to seal a contract for five giant multipurpose ro-ro ships in May.

The US owner has held talks with shipyards for many months and made no secret of its plan to take full advantage of softening prices.

Chief executive Andrew Abbott said the company has benefited from falling prices, but negotiations are finally coming to a conclusion, with a firm order likely to be placed within weeks.

The ships will have a revolutionary design, with capacity for containers, cars and ro-ro cargo, adjustable decks and many other innovations that include better fuel efficiency than their predecessors.

Although the ships will be built in Asia, Mr Abbott has said in the past that he wants European manufacturers to supply much of the equipment to facilitate subsequent repairs and maintenance

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China ship trade edges up

China's ship trading maintains increase, despite a slowly recovering global economy and troubled shipping and shipbuilding markets.

In the first two months of this year, China's ship export stood at $6.94bn, up by 6.8% year-on-year, while ship import increased by 2.7% to $260m and a total amount of ship import and export grew by 6.7% to $7.2bn, according to the General Administration of Customs of China.

Main export vessels are still bulker and tanker. Bulker exports accounted for 65% of overall export with $4.51bn.

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Hyundai inks LNGC for Tsakos

Athens, Greece - April 10, 2012 - Tsakos Energy Navigation announced the order of one plus one state-of-the-art LNG carrier for delivery in Q1 2015 at a major South Korean yard.

While the owner does not reveal the yard involved in the deal, it was reported that the contract had gone to Hyundai Heavy Industries.

The vessel is of the new tri-fuel design enabling the ship to run on fuel oil, marine diesel/gas oil and natural gas offering attractive alternatives to charterers.

Discussions for long-term contracts have commenced and management is confident that such employment will be secured well before the first delivery in early 2015.

Concurrently with this order, TEN announced the commencement of the previously announced four-year charter for its LNG carrier Neo Energy to a major international entity and a repeat employer of the vessel at an accretive rate reflective of current market conditions.

"We are particularly pleased with this order as it expands our presence in this exciting field. LNG operations require a particular set of discipline and commitment in order to gain credence with the sector's premier charterers and we are proud to have met the challenge," stated Mr. John Stavropoulos, Chairman of the Board.

"The LNG sector together with the offshore shuttle tankers market will be playing a growing role in our Company's affairs going forward. These segments provide longer term fixed rate charters that enhance the visibility of future revenues and profits and allow the Company to maintain its strong balance sheet and dividend sustainability going forward," said Mr. Nikolas P. Tsakos, President & Chief Executive Officer of TEN.

"These new LNG orders add to the Company's two shuttle tanker contracts with delivery in Q1 and Q2 2013 to a major South American oil company for 15 years each with minimum revenues in excess of $500 million in total. Today we operate one of the most modern product carrier fleets in the world, have significant presence in the crude sector and enhanced ice-class capabilities.

These new investments follow our clients' needs in the ever growing energy sector and we remain committed to provide them with a diversified fleet to meet their requirements. In the meantime and in this low cost environment, we entertain various opportunities in the greater tanker sector and intend to move on these in the near future " Mr. Tsakos concluded.

To date, TEN's pro forma fleet consists of 51 double-hull vessels of 5.5 million dwt that includes one LNG carrier and two DP2 suezmax shuttle tankers currently under construction totaling 400,000 dwt. TEN's balanced fleet profile is reflected in 23 crude tankers ranging from VLCCs to aframaxes and 26 clean/product carriers ranging from aframaxes to handysize and two LNG carriers.

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