Offshore Floating Crane

With continuous development, Mirae has launched our own winch and windless. 

Mirae is continuously growing every year supplying products to major shipyard such as DSME, SHI and HMD with Mirae's own brand and supply our own winches for industrial and construction application as wall as winches for ships.

In order to cope with rapidly changing society, Mirae Industries Co.,Ltd is marching forward to become a global company through ceaseless investment in R&D and technology. Our company achieves customer satisfaction by always supplying the best quality products to the world top class shipbuilding companies in exactly on time delivery schedule and considers health and safe of all the workers and even the environment systems in the company, HSE.

 MIRAE Industries Co., Ltd.
Address 135-1, Daechiri, Haman-gun, Gyeoung-nam, Gyeongsangnam-Do, Korea (South) 637-941
Phone 82-55-587-8520
Fax 82-55-587-4818
www.miraewinch.com

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[Ship Building] Ultrabulk orders Japan Eco BC

July 4, 2012 - Ultrabulk has placed an order with a major Japanese shipyard for the construction and delivery of one new generation super ECO-designed handysize bulker of 38,000 dwt size for delivery in 2014, with Ultrabulk's option to extend the order with one additional vessel.

The vessel(s) will be equipped with an electronic main engine as well as other equipment and systems which are expected to improve the fuel efficiency of the vessels by more than 15% and reduce the CO2 emissions correspondingly compared to similar sized handysize bulkers already delivered.

"We have historically enjoyed a strong and close long term relationship with many of the trading houses and ship yards in Japan" says Henrik Sleimann Petersen, Executive Vice President and Head of Shipholding of Ultrabulk and continues; "and we are pleased to support them by investing in this new generation of super ECO-designed environmentally friendly unit, which the ship yard spend considerable efforts in designing"

Per von Appen, Executive Vice President and Head of Ultrabulk's Handysize segment adds "The investment in these new buildings is an important step for our continued support to our customers in the Handysize segment. We are looking forward to serving our industrial clients with the latest generation of "green" handysize bulkers"

This order is the first super ECO-designed newbuilding order placed by Ultrabulk in executing their long term strategy of fleet renewal and expansion.

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[Ship Building] Ship export declines over 20%

Korean shipbuilders are to see the first drop in exports in almost two decades this year, against the highest record in 2011.

In a report 'H1 2012: Import-Export forecast' from the Ministry of Knowledge Economy (MKE) on July 1, during the first six months of 2012, Korea's ship-related export totals $25.5bn, down 20.1% from $31.9bn in the same period last year, which compares to 30% increase year-on-year during the first half of 2011.

MKE analyzed declined high-value offshore plant export and construction of low-margin newbuildings ordered from 2009 to 2010, etc., caused a drop in total export, in spite of stable construction and delivery on schedule.

In the whole 2011, ship-related export stood at $56.6bn, up by 15.2% y-o-y, accounted for 10.2% of overall export. However, around $43bn of ship-related export is expected in 2012, the first y-o-y decline in about 20 years.

From January to June 20, ship-related export recorded $23.7bn, down by 23.1% on the same period last year, of which share decreased to a single digit, 9.2%, as well.

However, in 2013, ship export is expected to improve by increased delivery of offshore plant, ultra-large boxship, etc.

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[Marine] Box Ships buys SHI secondhand

Athens, Greece, July 5, 2012 - Box Ships Inc., a global shipping company specializing in the transportation of containers, announced that it took delivery of its ninth vessel, the OOCL China, a 5,344 TEU Post-Panamax containership built in 1996 at Samsung Heavy Industries in Korea.

The vessel is chartered to Orient Overseas Container Lines Ltd. ("OOCL") for a period of thirty-six (36) months plus or minus thirty days (30) at a net daily rate of US$26,465.

The Company also announced that on June 27, 2012, it entered into definitive documentation for a $25.0 million credit facility with ABN AMRO to partially finance the acquisition of the OOCL Hong Kong and the OOCL China.

The borrowers under the credit facility are Triton Shipping Limited and Rosetta Navigation Corp., the vessel-owning subsidiaries that own the OOCL Hong Kong and the OOCL China, respectively, and Box Ships Inc. is the corporate guarantor.

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[Equipment] MHI dual-fuel "UEC-LSGi"

Tokyo, July 5, 2012 - Mitsubishi Heavy Industries, Ltd. (MHI) will begin developing "UEC-LSGi," low-speed, dual-fuel, marine diesel engines capable of using not only conventional heavy oil but also natural gas for their fuel.

The new engine will be added to the lineup of the Mitsubishi UEC Engine Series, the company's 2-stroke, low-speed marine diesel engine brand. Scheduled to be launched onto the market in 2015, MHI aims to reduce the economic and environmental burden on ship operators.

For the new engine, MHI will engage in the development of new components requisite for dual-fuel use, including a new direct fuel injection system, a gas-fuel supply system and control system, targeting to complete preliminary testing by a single cylinder testing machine within fiscal year 2013 (by the end of March 2014). The company will then conduct verification tests for full-scale engines with dual-fuel use capability and bring an 11,000 - 18,000 kW class power output UEC-LSGi engine with a cylinder bore of 600mm onto the market.

The price of heavy oil used as fuel for low-speed, 2-stroke marine diesel is expected to rise in the future. In contrast, the price of natural gas fluctuates in a relatively narrow range, and the supply of shale gas, a non-conventional type gas, has stabilized due to the advances and sophistication of production technology. Under these conditions, the interest and expectation of concerned parties in the development of natural-gas firing low-speed, 2-stroke marine diesel engines has been increasing.

In addition, IMO (International Maritime Organization) is progressively strengthening regulations on sulfur content in fuel oil aiming to reduce SOx (sulfur oxides) contained in gas emitted from ships. Ultimately, the sulfur content in the fuel used for marine ships will be required to be less than 0.5% in 2020, considerably lower than the current figure of under 3.5%. Operators of ships using heavy oil fuel are required either to use the costly low sulfur content fuel or install sulfur removal exhaust gas treatment systems to engines. If a low-speed marine diesel engine that is capable of using natural gas for its fuel is developed, those measures will become unnecessary as natural gas does not contain sulfur.

MHI develops UEC-LSGi engines in response to these market needs. For the engine, MHI will use the diffusional combustion method, in which high-pressure gas, about 300 bar, is injected in the air compressed by the cylinder stroke and ignited by the pilot flame by a very small amount of fuel oil. The method excels in responsiveness for changes in gas fuel composition and sudden changes in engine load, compared with the pre-mixed combustion method, in which low-pressure gas is mixed with air and then compressed. Leveraging this feature, MHI will develop the engine with high combustion stability.

The UEC-LSGi will also be designed to be capable to operate with heavy fuel only to the 100% engine load, which enables it to meet various operational needs. For NOx (nitrogen oxide), natural gas is slightly advantageous compared with conventionally used heavy oil. MHI will apply its EGR (exhaust gas recirculation) technology, currently in development, and others for the new engine to comply with IMO rules.

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[Equipment] Milestone contract for Jotun

Shanghai, China 5, July 2012: Jotun COSCO Marine Coatings (Qingdao) Co Ltd is pleased to announce that the company has reached an important agreement with COSCO Container to help reduce fuel costs and carbon emissions.

Under the terms of the agreement, Jotun will supply its top of the range Hull Performance Solution, including SeaQuantum X200 antifouling paint and a High Performance Guarantee, to a number of vessels scheduled for drydock in 2012 and 2013.

The first vessel to be upgraded will be the 10,000 TEU COSCO Europe scheduled for dry docking September 2012.

According to COSCO Container's Deputy Managing Director, Mr Hou Liping, the agreement is consistent with COSCO Container's comprehensive commitment to Sustainable Development, part of which involves taking active steps to reduce Green House Gas emissions. "After extensive review we have concluded that hull performance can play a very significant role in further reducing our fuel cost and Green House Gas emissions," he says. "Jotun's Hull Performance Solutions combines a high performance antifouling paint with a credible method for measuring delivered performance and a cash-back performance guarantee. This has enabled us to embark on an ambitious investment program aimed at improving hull performance across our fleet."

According to Jotun COSCO Marine Coatings' President and General Manager, Mr Dong Zhaoming, the agreement with COSCO Container represents an important milestone in Jotun's efforts to bring its ground breaking Hull Performance Solutions to the global market.

"As a market leader and the first Chinese enterprise to sign the United Nations' Global Compact Initiative, the industry looks towards COSCO on a broad range of issues," he says. "We are very pleased to be working with an owner who both recognizes the importance of hull performance and who is willing to work together with us at the very cutting edge of our industry."

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[Marine] Maersk to order 7 rigs

Denmark's Maersk Drilling will invest up to $8bn to buy at least seven new offshore and deepwater oil rigs by 2017, undeterred by waning global energy demand and a 20 percent drop in crude prices in the last four months, the chief executive told Reuters on Thursday.

The drilling unit of A.P. Moller-Maersk plans to place the first order in the second half of 2013, as part of its campaign to double its fleet to 30 over the next five years.

"We are pursuing this plan despite the world economic situation. So far, we haven't found a reason to change," Claus Hemmingsen said during a visit to the company's office in Singapore.

"Over a 20-year period, (the world) needs to find new oil to the tune of four to five times the production of Saudi Arabia," Hemmingsen said. "We do not foresee the oil price being below $100 in the long term."

Maersk's expansion plans come on top of the firm's current $4.5 billion order for seven platforms, which will be delivered by the end of 2015. The firm has a further $6 billion to $8 billion to invest.

Korea's Samsung Heavy Industries is building four of Maersk's ultra-deepwater drillships, which can operate at depths of more than 3,500 metres. The platforms are used for exploration and production in West Africa, the Gulf of Mexico and Australia.

Samsung won two drillship order from Maersk in April last year followed by two more identical drillship order in July that year. The four drillships are due for delivery by the third quarter of 2014.

Maersk also has Singapore's Keppel constructing three ultra-harsh environment jack-ups, which are likely to be used to drill in the volatile waters of the North Sea.

Hemmingsen expected the new orders would also be built in Singapore and Korean shipyards.

Hemmingsen expects the daily deepwater rig rate to stay between $500,000 and $600,000 over the next decade.

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[Marine] FLNG sparks orders

LNG-FPSO sector is getting new impetus as Korean shipyards are ready to "realize" (build) the cutting-edge concept.

Also, prospect is that demand for shuttle carriers and offshore support vessels to service the floating production units would be rising.

Petronas will build a 1.2-million-tonnes-per-annum (mtpa)-capacity FLNG at Daewoo Shipbuilding & Marine Engineering while Samsung Heavy Industries is being readied for the construction of Shell’s monster FLNG unit, for which steel cutting is expected to start this autumn.

The two FLNG projects sanctioned to date will not be the last. Petronas is already well into the contractor selection phase for its second floater and Inpex, working with partner Shell, is progressing its Abadi FLNG project off Indonesia.

Many other FLNG projects are being studied and developed in various stages worldwide.

Moreover, FLNG projects will need LNG carriers to serve them and act as shuttle vessels between the floater and the receiving facilities.

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[Marine] Prosafe accommodation rig fixed

Lundin Norway is to pay about $63.4 million for the use of Prosafe’s newbuild accommodation rig Safe Boreas at its Edvard Grieg project for six months, Prosafe announced.

Prosafe also granted Lundin extension options of either a five month option exercisable up to the third quarter of 2014 or a two months option exercisable up to the third quarter of 2015.

The contract is the first for the Safe Boreas, a harsh environment accommodation rig which can accommodate 450 people, the company said.

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[Marine] Sanko strives to survive

Newly appointed president of Japan's Sanko Steamship promised he will rebuild the company after filing for court receivership.

Hisashi Asafuji took over from Takeshi Matsui when the company filed for receivership at the Tokyo district court Monday.

He explained that Sanko ditched its voluntary financial restructuring process (ADR) and opted for court administration because it would allow it to cancel its most expensive and loss-making contracts.

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[Marine] Russian to order nuclear icebreaker

Russia’s nuclear power corporation Rosatom announces a tender on the construction of a new class of icebreakers.

The ship is to be ready for sailing and delivered to Atomflot’s base in Murmansk by 30 December 2017, the announcement from Rosatom reads.

The price for the vessel will be 37 billion RUB (€900 million), Vzglyad.ru reports.

As previously reported, General Director of Rosatomflot, Vyacheslav Ruksha confirms that the expenses for the ship already are on his company’s 2012 budget.

“If everything goes as planned we will sign a construction contract in September and hopefully the constructing of the ship can start by the end of 2012,” Ruksha told BarentsObserver.

The 173 meter long and 33 thousand ton deadweight vessel will have a keel depth of 10,5 meters and be able to operate both in the Barents, Pechora and Kara Seas, as well as on the Yenisey River and in the Ob Bay. It will have two reactors of the type Ritm-200. The number of crew members will be 75.

Russia is now also building four diesel-engined icebreakers. One of them is under construction at the Baltic Yard.

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[Marine] Hantong denies shipowning

China's Hantong Ship Heavy Industry has denied widespread reports that it has followed the trend among Chinese yards of entering into shipowning.

Media sources suggested that a pair of 50,000 dwt heavylift carriers ordered by Singapore’s Da Sin Shipping were in part to be owned by the yard.

The ships are to be delivered in the second half of 2013.

“Yes, we got the order to build the two heavylift ships for the Singapore company,” an official from Hantong confirmed to SinoShip News, while clarifying, “We are only responsible for building it, but will not own them."

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