Friday, May 25, 2012

New orders continue


New orders continue

Despite Eurozone crisis, global shipowners continued to place orders due to attractive contract terms and newly developed eco-friendly designss.

According to Clarkson Hellas, in various types, particularly specialized ships have seen an active ordering during recent week, as well as newly developed energy efficient bulkers.

Hyundai Heavy Industries of South Korea reportedly contracted for 2+2 6,600-ceu PCTCs from Eukor Car Carriers and Sungdong Shipbuilding & Marine Engineering booked 10+10 livestock carrier newbuildings for the first time in Korea.

China's Yangfan Group contracted for fuel-efficient six 39,500-dwt bulkers with d'Amica, with six optional more. The newbuilding price is about $22.3m apiece, based on heavy-tail payment terms and the vessels will be constructed upon Deltamarin's design.

Japanese shipbuilding industry is recently having a hard time with strong yen showed once again, however, that they aim to win new orders by going ahead in a competition of new-ship development with Korea and China.

Meanwhile, according to Golden Destiny, during a recent week, a total of 21 vessels have been newly ordered, down by 22% week-on-week. Of them, 12 turned out to be tankers and Japan's IHIMU contracted for two VLCCs for a domestic shipowner.

China's Jinhai Heavy Industry booked an order for two 64,000-dwt ultramax bulkers, valued at $26m per ship, from Greek owner Laskaridis.

In case of boxship sector, Zodiac is in talks with Korean shipyards to order 10 5,000-teu series of vessels at $45-50m bargain price, while Germany's Bernhard Schulte is proceeding newbuilding negotiation for 2,200-teu series with two Chinese shipyards.


Komec Website: www.komec.kr, B2B Marketplace: www.shipsol.com
Chinese Blog : blog.sina.com.cn/komec
General Support: +82-51-972-6474, +82-51-972-6478
E-mail: gsc@komea.kr
KOMEC QR CODE / KOMEC Blog QR CODE

Shipbuilding to bottom out?



China's private-owned Rongsheng Heavy Industries has delivered overall seven newbuildings of a cumulative 1.3m dwt year-to-date, up from five vessel delivery during the same period of last year, according to the group's CFO Wang Shao Jian.

In 2012, it aims to deliver a total of 15 vessels.

Rongsheng's CEO Chen Qiang said that Rongsheng is expected to get better in the second half. Added that they are in talks with several shipowners, however, not many orders have been finalized.

Its orderbook scheduled in 2012 and 2013 have been almost filled up, some are slated for delivery in 2014.

Chen forecast, "Along with increase in freight rates, shipbuilders would soon be able to get out of depression."

He pointed out that the present is not the best time for Rongsheng to buy other smaller yards.

Meanwhile, He said that Rongsheng has started to work hard in LNG-carrier R&D for the last year and is interested in offshore business.

Komec Website: www.komec.kr, B2B Marketplace: www.shipsol.com
Chinese Blog : blog.sina.com.cn/komec
General Support: +82-51-972-6474, +82-51-972-6478
E-mail: gsc@komea.kr
KOMEC QR CODE / KOMEC Blog QR CODE

Competition for Ichthys LNGCs


Competition for Ichthys LNGCs

Shipyards are still on a race for Ichthys newbuilding LNG carriers.

Ichthys partners Inpex of Japan and Total are seeking at least three LNG carriers — two of around 180,000 cbm and one of 155,000 cbm — to ship volumes from the upcoming project off Australia.

The business is being handled by Inpex shareholder Total.

Clarification meetings are due to start next month with at least six shipbuilders — including South Korea’s big3, Samsung Heavy Industries, Daewoo Shipbuilding & Marine Engineering and Hyundai Heavy Industries plus STX Offshore & Shipbuilding, along with Kawasaki Heavy Industries and Mitsubishi Heavy Industries of Japan.

Yards submitted commercial and technical offers for the three LNG carriers for delivery in late 2016 or early 2017 last month.


Komec Website: www.komec.kr, B2B Marketplace: www.shipsol.com
Chinese Blog : blog.sina.com.cn/komec
General Support: +82-51-972-6474, +82-51-972-6478
E-mail: gsc@komea.kr
KOMEC QR CODE / KOMEC Blog QR CODE

Stealthgas eyes LNGC


Stealthgas revealed it is open to ordering LNG carriers but Harry Vafias, chief executive, is not hurrying.

Vafias admitted his interest in the booming sector, saying “We have also recently renewed interest in LNG newbuildings due to the current solid chartering market.

“At this point, increasing LNG volumes may absorb the increase in the order book but unless there is a restraint in the ordering of new ships, this space could be over supplied in the coming years.”

Komec Website: www.komec.kr, B2B Marketplace: www.shipsol.com
Chinese Blog : blog.sina.com.cn/komec
General Support: +82-51-972-6474, +82-51-972-6478
E-mail: gsc@komea.kr
KOMEC QR CODE / KOMEC Blog QR CODE

Sovcomflot cancels aframax


Sovcomflot cancels aframax

Russia's Sovcomflot has cancelled orders for two aframax crude oil tankers at a domestic shipyard.

The vessels were part of a series of 6+6 vessels ordered in 2010 in a joint venture between Daewoo Shipbuilding & Marine Engineering of South Korea and United Shipbuilding Corp (USC) of Russia.

Sovcomflot president Sergey Frank confirms the contracts have been cancelled as the joint venture was unable to complete the ships as agreed.

He says the owner is in talks with the yard to build medium-range (MR) tankers instead.

Four of the tankers from the original order — two aframaxes and two long-range-two (LR2) tankers — are being built at Daewoo.

The plan was that part of the hull construction of the third and fourth tankers would be built at a new USC yard in Russia’s Far East, while the fifth and sixth ship would be built in Russia.


Komec Website: www.komec.kr, B2B Marketplace: www.shipsol.com
Chinese Blog : blog.sina.com.cn/komec
General Support: +82-51-972-6474, +82-51-972-6478
E-mail: gsc@komea.kr
KOMEC QR CODE / KOMEC Blog QR CODE

Korea's VOC reduction 'superb'



South Korea's Ulsan city announced on May 25 that Ulsan-based shipyards have successfully reduced volatile organic compounds last year.

Nine member shipbuilders of Korea Shipbuilders' Association contracted an voluntary environment management agreement to reduce VOC (2007-2011).

Hyundai Heavy Industries, Hyundai Mipo Dockyard invested KRW 311.4bn ($264m) for the last five years in order to improve Works environment. And VOC emission for 2011 turned out to be 7,962t, down by 41.8% from 13,692t in 2006. This exceeds previous targets of 29.5%.

Ulsan City will sign a second-phase agreement (2012-2016) with shipbuilders.

Komec Website: www.komec.kr, B2B Marketplace: www.shipsol.com
Chinese Blog : blog.sina.com.cn/komec
General Support: +82-51-972-6474, +82-51-972-6478
E-mail: gsc@komea.kr
KOMEC QR CODE / KOMEC Blog QR CODE

Korea sent a delegation



South Korea's South Kyungsang Province sent a shipbuilding trade mission to Vietnam and Shanghai, China during May 21-25.

The trade delegation is composed of seven small-and-medium companies, including Sun Yung Coating, etc.

In Vietnam, the mission had an export consultation with local 22 buyers. Total value of the consultation is about $41.95m, of which $24.15m are close to be firmed up.

Komec Website: www.komec.kr, B2B Marketplace: www.shipsol.com
Chinese Blog : blog.sina.com.cn/komec
General Support: +82-51-972-6474, +82-51-972-6478
E-mail: gsc@komea.kr
KOMEC QR CODE / KOMEC Blog QR CODE

Korean initiative for LNG bunkering


Korean initiative for LNG bunkering

Korea Gas Corporation (KOGAS) of South Korea announced on May 24 that it formed a LNG-bunkering consultative group and launched it on May 22, in order to develop LNG propulsion ship and improve gas supply to insular regions.

The league is composed of KOGAS, Korea Gas Safety Corporation, shipyards (Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering, Samsung HI and STX Offshore & Shipbuilding), classification societies (KR, LR and DNV), energy companies POSCO, Kyungnam Energy, STX Energy), shipping company (STX Pan Ocean) and associations (Korea Shipbuilders' Association and Korean Association of Gas Vehicles) and will lead global LNG bunkering business.

LNG bunkering is one of the core technologies in small-and-medium size gas fields and multi-national energy corporations are interested in this business.

The LNG bunkering consultative group will jointly work for related technology development and commercialization. Its final destination is to make Korea as a 'First Mover' of global LNG bunkering industry, by establishing bunkering infrastructures all over the world and developing LNG bunkering vessels.


Komec Website: www.komec.kr, B2B Marketplace: www.shipsol.com
Chinese Blog : blog.sina.com.cn/komec
General Support: +82-51-972-6474, +82-51-972-6478
E-mail: gsc@komea.kr
KOMEC QR CODE / KOMEC Blog QR CODE

Sungjin inks OSV


Daewoo International Corporation, in cooperation with Sungjin Geotec of South Korea penned an order for one offshore supply vessel, valued at around $20m, from Swire Pacific Offshore of Singapore, it announced on May 25.Sungjin inks OSV

The newbuilding OSV will be delivered in 2013.

An official from Daewoo said, "Companies under POSCO Group cooperated and were able to make a successful result, which is based on Daewoo's overseas network and information and Sungjin's technology."


Komec Website: www.komec.kr, B2B Marketplace: www.shipsol.com
Chinese Blog : blog.sina.com.cn/komec
General Support: +82-51-972-6474, +82-51-972-6478
E-mail: gsc@komea.kr
KOMEC QR CODE / KOMEC Blog QR CODE

HC Merwede opens US yard


HC Merwede opens US yard

IHC Merwede has opened a new yard facility in Broussard, La. The yard will operate under the name of Hydro-Ram, Inc. With this expansion, IHC Merwede now has a regional office in North America.

Hydro-Ram, consisting of IHC Hydrohammer(R), IHC Handling Systems and IHC Fundex Equipment - all business units within the IHC Merwede group - will be the main distributor covering the North American piling markets for the oil and gas, offshore wind, construction and coastal and civil industries.

The new site's facilities include storage for a large rental fleet, maintenance operation and the main strategic spare parts hub for all of IHC Merwede's pile installation equipment.


Komec Website: www.komec.kr, B2B Marketplace: www.shipsol.com
Chinese Blog : blog.sina.com.cn/komec
General Support: +82-51-972-6474, +82-51-972-6478
E-mail: gsc@komea.kr
KOMEC QR CODE / KOMEC Blog QR CODE

Croatian wins loan



Croatian shipyard Viktor Lenac has landed a new loan to keep its investment programme on track.

The Rijeka-based shipbuilder and repairer has signed HRK 129m ($21.41m) facility from Raiffeisen Bank in Austria.

Last autumn the yard won a contract to convert a heavy lift crane vessel into a pipelayer.

Komec Website: www.komec.kr, B2B Marketplace: www.shipsol.com
Chinese Blog : blog.sina.com.cn/komec
General Support: +82-51-972-6474, +82-51-972-6478
E-mail: gsc@komea.kr
KOMEC QR CODE / KOMEC Blog QR CODE

'Grexit' to pommel shipbuilding



If 'Grexit', the worst scenario of Greece exiting from the eurozone, comes to reality, among South Korea's export industries, shipbuilding and automobile industries will be the biggest victims.

On May 24, researcher Ju Won of Hyundai Research Institute analyzed impact of depressed European economy on Korea's export and said, "If Greece announce default and exit eurozone, delevaraging in Europe might doom Korea's shipbuilding, automobile, machinery industries, etc., which depend highly on exports to the European Union."

Particularly, in case of shipbuilding industry, its export to the EU accounts for 20%. It is expected to suffer a heavy blow.

Komec Website: www.komec.kr, B2B Marketplace: www.shipsol.com
Chinese Blog : blog.sina.com.cn/komec
General Support: +82-51-972-6474, +82-51-972-6478
E-mail: gsc@komea.kr
KOMEC QR CODE / KOMEC Blog QR CODE

Drydocks World alliance with EXMAR



Drydocks World, the established international player in ship repair, conversion and newbuilding, announced that an Alliance Agreement has been signed with EXMAR Shipmanagement, a company that offers high-end ship management services to the maritime industry.

The two companies hope to strengthen their relationship on the basis of the new Alliance Agreement and EXMAR Shipmanagement is expected to consider Drydocks World as preferred yard for all its ship repair and maintenance needs in the Middle East region. It would translate into an increased volume of business and further enhance co-operation over the near to medium term.

Drydocks World has received 13 vessel repair orders from EXMAR Shipmanagement, primarily gas carriers – both Liquefied Petroleum Gas (LPG) and Liquefied Natural Gas (LNG) since 1998. The number of vessels catered to has increased over the years, from 2007 and the shipyard is expecting more orders in 2012 due to the renewed partnership based on the Alliance Agreement. The shipyard’s Afloat Repair Division has also addressed several repair needs of the LNG Carriers. EXMAR Shipmanagement manages 30 vessels, mostly gas carriers.

Komec Website: www.komec.kr, B2B Marketplace: www.shipsol.com
Chinese Blog : blog.sina.com.cn/komec
General Support: +82-51-972-6474, +82-51-972-6478
E-mail: gsc@komea.kr
KOMEC QR CODE / KOMEC Blog QR CODE