15 PPM Bilge separator

1. Tested According, {IMO-Resolution MEPC 107(49)}
2. Self cleaning System with Automatic Backwashing

Flg. 1 Separation of oil nad water
GRS-TYPE Blige Separator separates oil and water by difference of their specific gravity. The oily water is commenced to be separated when passing 4-way distributing device, and the floated and accumulated oil are collecting into the upper part of 1st chamber of the 1st vessel through the Palling&Urethane Coalescer equipped in the 2nd chamber of the 1st vessel.  During this process, the size of oily particle become great and floating speed of the particles are increased, thus the oil floats easily.
As the emulsified oil is removed by Coalescer equipped in the 3rd chamber of the 1st vessel and 2nd vessel (Emulsion Treatment Unit), and then water is discharged under the condition of below 15PPM (or 5PPM) of oil density.

Flg. 2 Oil Discharge
When the collected oil in the upper part of the 1st chamber is detected by the oil level detector, the oil discharging valves is opened and then oil is discharged automatically by the Backwashing system.

Flg.3 Backwashing
[1st chamber of 1st vessel]
When the oil level detector detects oil, the blige pump is stopped and the oil discharge valve is opened and direction 3 way backwashing valve is changed for backwashing at the same time. The coalescer filter in the 3rd chamber and Pallring & Urethane Coalescer in the 2nd Chamber are cleaned by Backwashing water automatically, and the floating object with oil are discharged.

[2nd vessel (Emulsion Treatment Unit)]
The emulsified oil is removed by the Coalescer and the equipment is cleaned by Backwashing after opening the air vent valve with manual Backwashing valve, thus the performance and efficiency of the system are improved.

Georim Engineering co.,ltd
Phone 82-51-2929
Fax 82-51-2933
email georimen@chol.com
www.georim.com

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LNGC order boom till 2019

Although global LNG carrier market is expected to face a temporary supply demand imbalance around 2014, after then, the market would steadily grow and around 30 newbuildings will be placed orders every year.

Analyst Yang Jong-Seo from KEXIM Overseas Economic Research Institute reported as such in his report titled '2012 mid-to-long term market forecast for LNG carrier', on June 15.

Yang said that 2011 has seen a massive ordering for newbuilding LNG carriers and significant amount has been awarded this year as well. However, recent increase in LNG-carrier rate is possibly a bubble, as demand growth by Japanese nuclear power plant crisis only remains at around 10%. Therefore, recently ordered tonnage would bring about an oversupply.

He pointed out that global LNG fleet reaches at 372 vessels (53m cbm) and much of the LNG fleet is not old enough to be scrapped, which make it harder to avoid oversupply through scrapping.

During 2014-2015, balance between supply and demand for LNG tonnage is expected to get worse, but not as bad as around 2009. As new LNG projects, such as shale gas in north American region, etc., are scheduled to start operation after 2015, at least 30 newbuildings are to be invested every year from 2016 to 2019.

In a short term, 30 LNG carriers are estimated to be ordered this year, while 28 vessels, 15, and 25 are expected to be placed for orders in 2013, 2014 and 2015, respectively.

Meanwhile, 52 LNG carriers were contracted in 2011, sharply increased from five vessels contracted in 2008, zero in 2009 and six in 2010. About 15 vessels have been ordered year-to-date.

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GSI signs chemical tankers

June 21, 2012 - Concordia Maritime has signed a contract with Guangzhou Shipbuilding International (GSI), China for the delivery of two chemical parcel tankers of approx. 50,000 dwt at the end of 2014/beginning of 2015.

The investment amounts to around SEK 550 million ($78.9m) and the intention is to employ the vessels in the open market via its partner Stena Weco.

The vessels are part of a series of six tankers designed by Stena Weco and Stena Bulk and developed by Stena Teknik together with GSI. During the development work, the focus has been on energy efficiency and cargo flexibility.

"The vessels' design and performance are impressive and GSI is a leading Chinese shipyard, which builds very good vessels. Our intention is to employ the vessels in the open market via our partner Stena Weco, which is successful in the segment for transportation of refined oil and vegetable oils.

This is a natural development for us, investing in vessels with very good fuel efficiency and cargo capacity that will be employed in the segment where our main focus lies and which has good growth potential. We believe that the timing, as regards shipbuilding prices, is also right", says Hans Norén.

Stena Weco is a joint venture between Stena Bulk and Danish Dannebrog, which was formed a little over a year ago. Its activities are managed from offices in Copenhagen, Singapore and Houston.

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MOL builds 200K ore carriers

Japan's Mitsui OSK Lines (MOL) is eyeing to build 200,000-dwt ore carrier as the next generation new design.

The company plans to discuss further with domestic shipyards to build the so-called 'Handy Ore Carrier(:HOC)'.

The HOC would focus on "3S": Shallow Draft, Swift Unloading, and Save Energy.

Unlike very large ore carriers of 300,000-400,000 dwt, the HOC with a draft below 17 meters intends to call at shallow-water harbors worldwide.

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Shell fix Sovcomflot LNGCs

Sovcomflot and Shell signed an agreement for long-term time-charter of two ice class LNG carriers.

At the XVI St. Petersburg International Economic Forum Russia's Sovcomflot, the world's largest operator of ice class vessels, signed an agreement to provide Shell with the use of two modern LNG carriers on the basis of a long-term time charter.

The agreement was concluded following a tender process, which resulted in Shell International Trading and Shipping Company (STASCO) choosing SCF Sovcomflot's gas-carriers for the transportation of its LNG by sea.

The vessels have been ordered at STX Offshore & Shipbuilding (South Korea) and will be built with the participation of JSC United Shipbuilding Corporation (JSC "USC"). The first tanker is due to be commissioned in late 2014 and the second vessel in early 2015.

The involvement in the project of Russian shipbuilders will facilitate the establishment of the domestic production of sophisticated, higher value ships in Russia (e.g. at Novye Admiralteyskie verfi, Kotlin island) and will provide for the future specialised gas carrier needs of Russian oil & gas companies, for work on the continental shelf, in order to develop Arctic and Subarctic offshore fields.

Shell will play an active role in the allocation of gas-carriers to serve Russian production, something which is covered by the agreement previously signed between Shell, SCF and USC during last year's XV-th St. Petersburg International Forum. Today's agreement between SCF and Shell also provides for a broadening in the range of domestic components and other equipment to be used in the construction process.

Sovcomflot's President & CEO Sergey Frank said: "We are truly honoured to have seen our bid win the tender organised by the global energy major, Shell. We have enjoyed our earlier experience of mutual cooperation and this contract builds upon our previous joint engagements. The team from Sovcomflot put enormous effort into winning this contract, using their expertise and knowledge of LNG transportation. We are also pleased that the solution offered by Sovcomflot was not only competitive, but also important for Russia's shipbuilding industry.

The agreement provides the possibility for gas-carriers of a unique and technically advanced design to be built in Russia. This project is also fully in line with SCF's development strategy. I'm confident that SCF's many years of experience in the safe and effective operation of gas-carriers will be attractive to all oil & gas companies working on the continental shelf of Russia".

Grahaeme Henderson, Vice President of Shell Shipping, said: "Liquefied Natural Gas (LNG) has a very important role to play in meeting global energy demand. Today, Shell and Sovcomflot are bringing together our collective LNG, shipping and arctic expertise to devise the next generation of LNG tanker. These new ships will help supply LNG to international markets and support Shell's LNG growth strategy."

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Yangzijiang signs ultramaxes

China's Jiangsu Yangzijiang Shipbuilding has won a contract for building four ultramax bulkers on June 15.

Jiangsu Steamship has ordered the four 63,800-dwt ships from the yard for around $108m.

The newbuilding, 199m in length and 13m in draft, is a low-carbon eco-friendly vessel, which is to be equipped with Wartsila's new engine.

The Chinese owner does not disclose the price of the ultramaxes but sources close to the deal say it is paying between $26m and $27m apiece.

They add that Yangzijiang is slated to deliver the quartet in May, July, September and December 2014.

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Korea spearheads Ship-IT

Korean Agency for Technology and Standards (KATS) announced on June 21 that shipboard network security technology, developed by South Korea's Electronics and Telecommunications Research Institute (ETRI), has been selected as a draft of International Electrotechnical Commission (IEC)'s international standard.

According to KATS, Korea's shipboard network security technology has gained 89% supports from 16 countries and was selected as a new draft international standard on June 18 by IEC Technical Committee 80: maritime navigation and radiocommunication equipment and systems.

This technology protects shipboard network and navigation system from virus, hacking, etc., and prevents errors caused by traffic increase.

The security technology will be installed in network-based marine equipment, such as automatic ship identification system, electronic navigational chart, etc. As it is possible to be applied to small-and-medium size vessel, as well as large one, demand for at least 1m vessels every year is estimated.

KATS expected, "As shipboard network security technology being highly likely to be selected as IMO's compulsory standard, following after IEC 61162-450, Korean shipping and marine equipment industries can take an early action for the standard and are possibly to preoccupy the global market."

At present, global Ship-IT equipment market, as big as $8bn, is led by Europe and Japan, while Korea and China are following after them.

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Offshore/Gas/MR lead orders

Amid new orders having plummeted by 50% compared to last year as a total of 373 new orders of a combined 16.5m dwt have been placed during the first five months of 2012, offshore-related special vessels, gas carriers and MR product tankers have been outstanding, as overall 101 offshore newbuildings, majority of them being offshore supply vessels, 45 gas carriers (14 LNG carriers and 31 LPG carriers) and 41 MR PCs having been ordered.

According to Clarkson Research, during January-May, 115 bulkers have been contracted - 48 panamaxes, 32 handysizes, 24 handymaxes, 11 capesizes, etc.

Of a total of 70 tankers contracted during the same period, most of them were MR PCs with 41 contracts being placed, followed by VLCC (seven inked), aframax (seven), etc.

Only nine boxship contracts have been placed by May, eight of them are small-size vessel under 2,200 teu.

Meanwhile, overall, $22.3bn has been invested in new ship orders in the first five months of the year, which represents a year-on-year decline of 47%.

$10.9bn has been invested in offshore sector, $3.6bn in gas carrier ($2.7bn in LNG carrier and $900m in LPG carrier).

Investment in the tanker sector only remained at $3bn, while majority of tanker investment has been in the MR product sector ($2.8bn). A total of $3.2bn and $300m have been invested in bulker and containership.

As for new order by shipyard country, South Korea placed the 1st with $11.7bn fresh order intakes, followed by China ($3.6n), Brazil ($1.9bn), Norway ($1.4bn), Japan ($1.3bn) and Germany ($900m), etc.

In case of investment by owner country, Norway took the first place with $5.4bn investment, followed by the US ($3bn), Japan ($2.3bn), Greece ($2.1bn), Brazil ($1.7bn) and China ($1bn).

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China's Cheoy delivers OSV

China's Cheoy Lee Shipyards delivered the first of a pair of Offshore Supply Vessels to the Mohammad Al Mojiil Group in Saudi Arabia.

OSV Almojil 60 is the first delivery in a pair of sisterships for the Mohammad Al Mojil Group in Saudi Arabia to a design by Wartsilla Ship Design Singapore Pte. Ltd.

Construction is to ABS class, with the notation +A1 circle E, +AMS Offshore Support Vessel.

Propulsion power comes from a pair of Caterpillar 3512C diesels, each developing 1575hp at 1800rpm, turning 2m diameter fixed pitch four bladed propellers to provide a top speed of 12 knots.

Two Caterpillar C6.6 generating sets each developing 170kW provide electric power for onboard systems.?

Accommodation is on the two decks immediately below the elevated wheelhouse. Twenty-six crew are housed in eleven cabins of one, two and 4-person capacity, and there is provision for carrying twelve passengers.

Amojil 61, the second in this two vessel order, is due for completion in August 2012.?

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Mixed view on Singapore-listed Chinese

Investors considering buying into Singapore-listed Chinese shipbuilders should be more wary of Cosco Corp than Yangzijiang Shipbuilding, an analyst says.

Though DBS Vickers predicts that FreeSeas’ default on payments on a pair of 33,600-dwt bulkers could weigh on Yangzijiang’s stock price, it more or less echoed UOB Kay Hian's view earlier today in declaring the blow would have little impact on business.

“The vessels account for only 1% of YZJ's orderbook of $4.5bn (96 vessels). In addition, YZJ has already collected a deposit of 20% plus possibly some progress payments, as the vessels were already under construction,” says Janice Chua.

“Remedies available to Yangzijiang include selling the vessels. As these are standard Handymax vessels, we do not foresee much difficulty for YZJ to dispose the vessels upon completion, with the benefit of the price buffer of 20% from the deposit collected.”

The analyst said Cosco Corp is greater cause for concern as it has a higher exposure to European customers feeling the pinch from the current debt crisis.

“Cosco Corp has the highest exposure to Greece and Europe at more than 60% of orderbook. Only one third of its customers are Asian-based.

“In contrast, Yangzijiang would be the least affected among Chinese yards in an environment of tighter ship financing on the back of its strong customer base and net cash position.

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HMM big bond issue

Hyundai Merchant Marine is lining up a big bond sale following its first quarter loss.

The company is preparing a KRW 330bn ($286.5m) note issue repayable over five years.

In a regulatory filing, it said the interest-rate guidance was 5.2% or 5.3%.

HMM logged a loss in the first three months to the tune of KRW 201bn.

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ICS calls for OECD shipbuilding talks

At the Organisation for Economic Co-operation and Development (OECD) in Paris on Thursday(June 21st), the International Chamber of Shipping (ICS) called on governments to resume negotiations on a new global agreement to eliminate market distorting measures from shipbuilding.

Speaking to governments attending an important OECD Working Party, ICS, on behalf of the world's national shipowners' associations (which collectively represent more than 80% of the world merchant fleet) explained that it was a source of great disappointment that the OECD had, three years earlier, terminated negotiations on a new agreement to eliminate subsidies and market distorting mechanisms in the shipbuilding industry.

This was primarily due to differences between the European Commission and Asian governments about the treatment of pricing of new ships in any new agreement, the latter wishing instead to concentrate on the elimination of subsidies, a position that was supported by ICS.

ICS believes that current poor markets are demonstrating just how seriously damaging the oversupply of ships has been to shipowners' revenues, with many companies now struggling to meet their operating costs.

ICS reiterates concern about the overcapacity that exists in many shipyards, with an almost obsessive commitment to market share being displayed by the three major shipbuilding nations: China, Korea and Japan, where 90% of world tonnage is built.

ICS Director of External Relations, Simon Bennett remarked: "Even if shipyards go bankrupt, it is likely that in many cases their governments will step in so that they can continue to produce ships which few people want, other than speculators who may be foolishly tempted by knock down prices."

ICS welcomes the fact that the OECD Working Party on Shipbuilding is continuing to meet, in order to explore further what constitutes market distortion and the means of achieving greater transparency on government support measures. ICS hopes that the OECD Working Party will work towards the goal of encouraging the resumption of formal negotiations on a new global agreement as soon as possible.


Published : June 22, 2012

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