Friday, June 8, 2012

Oshima builds yard in Vietnam



The southern city of Cam Ranh, a deep-water bay in Vietnam in the province of Khanh Hoa, is to get a new shipyard worth VND 3,780 billion (US$180 million) with the granting of an investment licence to a Japanese firm.

The project by Oshima Shipbuilding will be conducted in two phases in the city's Thinh Dong Commune and will operate for 50 years.

Khanh Hoa Province's Department of Investment and Planning said in the four years of phase one, Oshima Shipbuilding would construct the shipyard to build 12 vessels of 37,000-56,000 dwt each to international standards per a year.

Phase two would increase the number of vessels from 12 to 24 annually.

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Eco 'a Big Wave'



Regarding recent news reporting a number of Greek owners blaming eco-design as just a sales gimmick by shipbuilders, an analysis is that it would be just a 'resistance against rapid market change'.

Shipbuilding and shipping market analyst Lee Sok-Je said on June 7, "It is just simple why shipowners complain about eco-design vessels. That is because they had not count eco-friendly option when ordering newbuildings. Already three years have passed since oil price soared, however, some Greek owners have ordered old-design ships until today, holding onto past habits."

And Lee pointed out, "They do not acknowledge their mistake but only cover it."

Also, he emphasized that some Greek owners' claim that low-price second-hand vessel is far attractive to eco ship newbuilding is a 'lie'. How differently calculated, there's nothing attractive in cheap second hand vessel.

Considering 5-10 times higher fuel costs than newbuilding price, ten-year ship consuming 20% more fuel than newbuilding, option for fuel efficiency included in newbuilding improves fuel efficiency by 10-20% and pro-eco ship policies from US and Europe, etc., second-hand vessels have nowhere to go.

Lee stressed out, "We can easily see which owners are against eco ship through their owned ships and they will 100% possibly to vanish from the market."

He added that shipbuilders would be able to tell long-term partner shipowners, who is capable of reading the market change from old-fashioned prospective losers."

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Orders announced at 'Posidonia'



South Korea's major shipbuilders' newbuilding contract news is to be successively heard from Greek international shipping exhibition 'Posidonia 2012.'

Hyundai Heavy Industries has firstly brought the news among other Korean shipyards. Sources said that on the first day of Posidonia, on June 4, it signed a contract for 162,000-cbm LNG carrier with a Greek owner Tsakos Energy Navigation.

The signing ceremony has been scheduled on Posidonia and the newbuilding LNG carrier is slated for delivery in Q1 2015. The contract is said to value over $208m and include option for additional one.

Meanwhile, other shipyards are soon to bear the news. Analyst Huh Sung-Duk said, "Greek owner of Almi Tanker, Costas Fostiropoulos revealed its investment plan to order two LNG carriers with six options more at Daewoo Shipbuilding & Marine Engineering."

"A total of 12 newbuilding LNG carriers invested year-to-date were ordered at Korean shipyards and as we have seen Greek owners' aggressive investment in LNG carriers during Posidonia 2012, additional orders for LNG carriers are expected in the second half of this year, as well."

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SDARI unveils 'Green Dolphin'



JUNE 5, 2012, A new Handysize bulk carrier concept design - the Green Dolphin - uses existing technologies to meet owners' needs for fuel efficiency and operational flexibility while also being ready for future environmental regulations.

It has been created by the Shanghai Merchant Ship Design & Research Institute (SDARI) and development partners DNV and Wärtsilä.

"The focus has been on reducing the fuel consumption while giving owners different options to meet the future expected environmental regulations," says Hu Jin-Tao, the president of SDARI. "The concept design is ready for the owners' preferred choice, whether that it is to run on heavy fuel oil using emission treatment systems or to switch to low sulfur fuels or LNG. The Green Dolphin concept design is a five-cargo-hold CSR double-hull bulk carrier that meets current and future expected air and water emissions regulations. The design aims to be fuel-efficient and maintenance–friendly, with high operational flexibility.

"Recognizing that there is more to profitable shipping than just compliance, we have consulted widely with owners and yards to ensure that Green Dolphin can be tailored to suit individual operational needs," continues Hu Jin-Tao.

Green Dolphin's main dimensions also suit the majority of the world's ports which receive Handysize bulk carriers.

The hull design has been a combined effort by SDARI and DNV. The hull is designed to provide improved overall performance at different loading conditions, speeds and sea states. The propulsion efficiency is increased through the fitting of a wake equalising duct in front of a large-diameter, slow-rotating propeller. A rudder transition bulb and rudder fins reduce the hub vortex and recover rotational losses.

The Wärtsilä two-stroke low-speed RT-flex50 main engine is Tier II compliant and can easily be retrofitted to dual-fuel engine in the near future. Multiple fuel tanks allow for strategic purchasing of heavy fuel oil, low sulfur fuel and distillates.

"Design variants are available for fuel switching systems, installation of selective catalytic reduction and exhaust gas scrubbing systems and, in the near future, the use of LNG as fuel" says Giulio Tirelli, Business Development Director of Wärtsilä – Ship Power. "The concept design also includes shaft torque and exhaust gas monitoring equipment to maximize the fuel consumption optimization possibilities while constantly monitoring emissions."

A heavy ballast condition is achieved without using a cargo hold for ballast water and the cargo holds are equipped with compressed air, power and wash water supply. Wash water holding tanks are also included. Wide hatch openings and fully electrical deck equipment improve the loading, discharge and cleaning efficiency so port turnaround time can be minimised. A ballast water treatment system is included as well as holding tanks and treatment systems for sewage and bilge water.

"We have achieved a concept design that is not only fuel efficient, safe and robust today, but is also prepared for the future, with the various design alternatives that an owner can select to comply with environmental regulations," says Michael Aasland, DNV's Business Director for Bulk Carriers.

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gmec 2012, maritime top event


What strategies, programmes and technologies can the maritime industry adopt to continue with success its progress towards better environmental performance?

Answers will be provided by gmec, global maritime environmental congress, to be held at the Hamburg Fair site on 3 and 4 September 2012 on the occasion of SMM.

Leading international experts will present what has been achieved so far in maritime environmental protection, describe the current trends, and discuss innovative future developments.

"Conference participants and trade visitors can benefit from a unique combination, with the close links of the gmec conference and the SMM supporting programme," says Bernd Aufderheide, President and CEO Hamburg Messe und Congress GmbH.

"All the world leaders in the maritime industry are represented here, giving gmec visitors first-hand information on the latest market-ready technical solutions, and giving manufacturers and users in the maritime engineering sector inspiration for future developments."

Chris Hayman, Chairman of Seatrade Communications Limited and member of the gmec Steering Committee responsible for the conference programme, sees the environmental congress as an effective tool on the way to more environmental compatibility and reduced emissions in the maritime sector: "It promotes exchange of ideas and knowledge among leading experts and executives from the scientific community and the maritime industry, thus accelerating the development and market launch of effective environmentally appropriate technologies and products."

gmec will start with welcome addresses on 3 September, the day before the start of SMM, by Spyros Polemis, Chairman of the International Chamber of Shipping, and Corrado Antonini, Honorary Chairman CESA (Community of European Shipyards Associations); that will be followed by a Round Table discussion of international experts with an audience of invited guests, dealing with current and future aspects of "Green Shipping".

The second gmec conference day will be structured in four sessions. Two parallel strands of presentations will address the environmental and economically relevant aspects of the maritime industry, with reference to concrete solutions. Under the general heading of "Setting the green course", the conference ranges from A for avoidance of waste, to ballast water management, CO2 emissions, maritime environmental regulations, oil spills, to Z for "zero emission perspectives".

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Samsung picks STADT electric propulsion


Samsung picks STADT electric propulsion

Samsung Heavy Industries Division PCSD, have ordered electrical propulsion system from STADT AS in Norway.

It’s the patented STADT STASCHO No-Loss Drive system that now gets a foothold in the world’s largest shipbuilding nation.

Samsung has together with the Incheon Port Authority of Korea increased focus on developing more sustainable propulsion technology for their ships. Reduction of CO2, NOx and fuel are important goals, together with a convert from oil to natural gas.

LNG electric is a sustainable solution.
This system enables to separate the power production from the propeller system. The LNG fed generators will operate with a rather steady load, quite independent of how much power used on the propeller. The propellers are driven by the robust STADT electric No-Loss drive system.

First of its kind in Korea
To utilize dual-fuel full electric propulsion in passenger ship is a new development now seen in Korea. The IPA Green ship is supposed to go in to service in the end of 2012, and is considered as a pilot project for green shipping technology for Korea.

Redundant drive technology from STADT.
The IPA Green ship will also benefit from the highly redundant drive technology from STADT, eliminating the risk of loss of propulsion to an absolute minimum. The AC drives are splitted in 3 segregated power units, so that only a part of the propulsion power will be lost in case of failures.


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Wilhelmsen offers marine safety


Wilhelmsen offers marine safety

Oslo June 7, 2012. Wilhelmsen Technical Solutions (WTS) and Wilhelmsen Ships Service (WSS) have joined forces to offer complete lifecycle portfolio of safety solutions for newbuildings and existing vessels.

The WTS/WSS safety service provides a complete package of safety solutions based on the renowned Unitor brand to keep vessels, rigs and platforms safe and compliant throughout their working lives.

The combination of high quality products and an extensive service network means WSS and WTS can supply, install, inspect and service safety installations to the same high standard across the globe.

Mark Germain, VP Sales, Wilhelmsen Technical Solutions, said:
“By working together, WTS and WSS are able to provide our customers with safety systems, products, services and maintenance for the lifetime of their vessel, rig or platform. The strength of the Unitor brand, our combined expertise and the breadth of our global service network makes this a safe investment for our customers.”

Together, the two companies offer products and services across a range of applications and vessel types, keeping people and assets safe.
The WSS/WTS safety range includes:
• Fire and smoke detection, prevention and suppression systems, portable and stored extinguishers, cabinets, consumables and spare parts. Personal safety equipment, such as breathing apparatus, head protection and fire protective clothing;

• Life rafts and lifesaving equipment, includes SOLAS-compliant lifejackets, immersion suits and liferafts;

• Other solutions including medical equipment, oxygen systems and automatic external defibrillators and environmental equipment including oil spill kits, sorbents and booms;

• A global service support and safety inspection service.

WSS and WTS can provide lifecycle support to their customers wherever they are, using the world’s largest maritime services network to inspect, maintain and service safety equipment at 2,400 ports in some 125 countries. All safety solutions are designed and produced in accordance with SOLAS, MED and the IMO MODU Code, and are type approved by major classification societies.


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Cameron wins China subsea



Cameron has won a $100 million contract from CNOOC for subsea production equipment in the South China Sea, the company said early this week.

The work for the Panyu 35-1/2 deepwater field includes, among other things, six subsea trees, production equipment, a manifold and subsea support, with deliveries kicking off in 2013.

This is the Houston-based company’s second major award in the country, following the Liwan 3-1 project, it said.

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Aker engineering hub in London



7 June 2012 - Aker Solutions aims to build up a 1,700-strong London engineering hub - thereby creating 1,300 new jobs - by 2015, as growth in global oil and gas markets drives demand for the company's technologies and services.

Øyvind Eriksen, executive chairman of Aker Solutions, shared this ambition with Prime Minister David Cameron and his Norwegian counterpart, Jens Stoltenberg, during a round-table discussion in Oslo, Norway, this morning.

UK Prime Minister David Cameron said: "Aker Solutions' decision to create 1300 new jobs at a new engineering hub in Chiswick is great news for the local economy and it is a vote of confidence in the skill, expertise and professionalism of our engineering sector."

"Aker Solutions now employ more than 3000 people across the UK and recently announced 500 new jobs in Aberdeen. Their expansion here is testament to the increasing depth and strength of our partnership with Norway across the spectrum of energy issues which helps to ensure that we keep household energy bills as affordable as possible for families across the country," adds Prime Minister Cameron.

Aker Solutions provides oilfield products, systems and services for customers in the oil and gas industry, and is listed on the Oslo stock exchange. The company, which employs more than 3000 people in the UK, opened a new office in Chiswick Park, West London, last year. The start-up phase has been highly successful.

"Oil and gas engineers in London are typically experienced, highly competent and they have an international mindset. By combining our own experience with this expertise we can offer our customers engineering related to field architecture, products and technologies both in the North Sea and internationally," says Øyvind Eriksen, executive chairman in Aker Solutions.

The London office is today working on high profile field development projects, including the topside FEED (front-end engineering and design) study for Statoil's Mariner field in the UK North Sea and a FEED contract for Det norske oljeselskap's Draupne field on the Norwegian continental shelf.

The London office was set up to be a global engineering hub to support field development projects for the North Sea and worldwide. In the new, expanded office, Aker Solutions will be present with several other business areas, including subsea, drilling technologies and well intervention services.

"We opened the office last autumn, and we have been growing rapidly to 200 people by early June this year. It is very satisfying to see that we are attracting top engineering competence to our company. Based on this initial success and a highly favourable market outlook, we see that we have the potential to add a further 1 300 employees by 2015. This is driven by activity growth in all key oil and gas regions worldwide," adds Eriksen.

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Drydocks launch compact Semi-Sub


Drydocks launch compact Semi-Sub

Dubai, UAE, 6 June 2012: Drydocks World, the established international player in ship repair, conversion and new building, announced the launch of the State-of-the-art Compact Semi-Submersible Vessel CSS Derwent from its dedicated new-build facility in Nanindah, Indonesia.

The vessel was constructed for integrated sub-sea services provider, Hallin Marine.

The 85m vessel is built to provide exceptional sea keeping characteristics, increased deck space and provide good project load carrying capacity. It has two Moon Pools, which facilitate the launch and recovery of remotely-operated vehicles and the safe deployment of subsea equipment, a 160 T modular handling system and 150T active heave compensated crane, accommodation for 152 personnel and the 1300m 2 operational deck space comparable to a 120-metre mono-hull vessel.

The diesel electric CSS, classed as MODU by American Bureau of Shipping, is equipped with four fixed-pitch Azimuth thruster units and has full DP-3 capability, which enables automatic(dynamic) as well as manual positioning and heading control in harsh environmental conditions, and has a multiple inherent fail-safe capability.

“We are indeed delighted to have highly-developed capabilities to produce sophisticated vessels providing multiple subsea services that are economically viable and are much more environment-friendly. Our technical expertise and experience has evolved in the area of building high-end offshore subsea support vessels for the oil and gas industry and we are keen to further build on our strengths by exploring all possible avenues in creating new builds to support the offshore oil, gas and energy,” said Khamis Juma Buamim, Chairman of Drydocks World and Maritime World.

Designed by STX Canada Marine Inc, the CSS vessel has a semi-submersible hull making it a cost-effective alternative to large diving support vessels (DSV) and traditional semi-submersibles in providing subsea services as well as light well interventions operation.


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MMHE upgrades yard facilities



Malaysia Marine & Heavy Engineering is set to splash nearly MYR 2bn ($600m) on upgrading its yards over the next four years.

The rig and shipbuilding arm of shipowner MISC wants to increase the efficiency of its facilities and will invest MYR 300m this year alone, its group chairman Datuk Nasarudin Md Idris told a press conference.

Nasarudin said the company is likely to build on its MYR 3bn orderbook as it is in the running for several major projects including an offshore platform in Turkmenistan.

MMHE is bidding for an engineering, procurement and construction (EPC) contract for the 6,000-tonne Central Diyabekir wellhead platform in Turkmenistan.

MMHE managing director and chief executive officer Dominique de Soras was reported as saying the company had jointly bid for the contract with Turkish-based Ilk Construction.

Petronas reportedly plans to start up Central Diyabekir production in 2017 and construction is expected to take 14 months.

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FOE secures $1.5bn financing



Fred Olsen Energy (FOE) has secured a new five-year $1.5bn credit facility.

The Norwegian drilling company said the facility is being provided by a consortium of twelve unnamed banks and GIEK/Eksportfinans.

The facility will be used to pre-pay existing bank loans, fully finance the newbuilding drillship Bolette Dolphin and for general corporate purposes.

The Bolette Dolphin is on order at Hyundai Heavy Industries for delivery in late 2013.

Last month FOE also ordered a deepwater semi-submersible drilling rig at Hyundai for delivery in 2015 at a cost of $700m.

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Daewoo's drilling rig financed



The Export-Import Bank of Korea (Korea Eximbank) announced on June 7 that it will provide $300m of final installment for a Brazilian shipowner Petroserv's semi-submersible drilling rig, constructed by Daewoo Shipbuilding & Marine Engineering of South Korea, through Brazilian local bank Banco Itau BBA.

This ship financing for Petroserv will be Korea's first co-financing. Of overall $300m, Korea Eximbank will sublet $165m and Bank of Tokyo-Mitsubishi UFJ sublet the rest to Banco Itau BBA with guarantee of debt from Korea Eximbank.

An official from Korea Eximbank said, "We actively invited finance from Japanese banks, due to their lower interests and more abundant liquidity of foreign exchange than European banks."

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