[Marine] Hyundai, Slow Starter!

Hyundai Heavy Industries' shares have fallen considerably this year as prospective new order award is being delayed.

Jeon Jae-cheon, analyst at Daishin Securities, said, "The weak performance is due to slow order inflow and delays in expected giant offshore project."

"The company attained just 28% ($8.7bn, estimated) of its annual order target in the entire business sectors in the first half of the year.

"Hyundai's order intake needs to be accelerated to meet the order guideline," he added.

In offshore, market players expect Hyundai to win Carigali Hess gas production facility worth around $400m and Aasta-Hansteen spar substructure worth $300m or so during July-August.

The much touted Nigeria Egina FPSO worth around $2bn is to be finalized as late as in the fourth quarter, he added.


Published : July 19, 2012

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[Marine] Sinopacific bags six PSVs

China's Sinopacific Shipbuilding has signed a contract with Nigerian shipowner SLOK to build four SPP35 style platform supply vessels.

The two parties also signed a letter of intent for building two SPP50 style PSVs.

The SPP35 and SPP50 PSVs are both designed by Sinopacific’s subsidiary Shanghai Design Associates (SDA). Crown Ship will provide financing services to the shipowner before the delivery.


Published : July 20, 2012

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[Equipment] AVEVA signs contract with Ingalls

Houston, TX, USA - 19 July 2012: AVEVA (LSE:AVV), today announced it has signed a major contract extension with Huntington Ingalls Industries (NYSE: HII) for AVEVA MARS, an Enterprise Resource Management (ERM) software solution from the AVEVA Enterprise portfolio. Implemented at Ingalls Shipbuilding, a division of HII, this new contract will incorporate additional maintenance, services, consultancy, and development to further enhance and tailor the AVEVA MARS system to Ingalls’ business processes.

Supplying U.S. Naval and Coast Guard vessels, Ingalls has been an important customer of AVEVA MARS since 2006. AVEVA MARS, with modules for Material, Planning and Production designed specifically for the shipbuilding industry, has enabled Ingalls to streamline and improve shipyard and waterfront operations from initial proposals through to commissioning.

“We have developed a good working relationship that is enabling us to develop enhancement solutions that benefit both HII and AVEVA”, said Mike Deutsch, Ingalls Shipbuilding eSHIPS Director. “One example is we were maintaining storeroom inventories in offline databases in order to manage operations. AVEVA helped us by developing a storeroom module for MARS that eliminated the offline databases and achieved greater visibility of material availability, and improved communication between departments. I am confident the new enhancements AVEVA is delivering this year will help to make our operation even more successful”.

“As a specialized shipbuilding solution, Ingalls Shipbuilding was attracted by the many business benefits that can be achieved. It is already delivering operational and financial efficiencies”, added William Muldoon, Executive Vice President – North America, AVEVA. “This is exactly what AVEVA MARS delivers, a tightly integrated ERM solution that is easy to deploy and use. It supports the entire shipbuilding process for our customers. We are delighted HII has made this significant commitment to AVEVA technology and services.”


Published : July 20, 2012

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[Equipment] STX OSV propulsion deal in Japan

Singapore, 18 July, 2012 - STX OSV Holdings Limited, one of the major global designers and shipbuilders of offshore and specialized vessels, announced that its subsidiary STX OSV Electro AS has secured a new contract with Japan's Universal Shipbuilding for the delivery of six integrated diesel-electric propulsion packages for a series of platform supply vessels under construction for Swire Pacific Offshore.

The total value of the contract amounts to approximately NOK 100 million.

Meanwhile, Universal Shipbuilding announced on June 27 that it has won an order for six 3,700-dwt platform supply vessels from Swire Pacific Offshore of Singapore and options for four more.

Universal had also contracted for four 5,000-dwt PSVs from Swire Pacific in November, 2011.


Published : July 20, 2012

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[Equipment] World's 1st 'Plasma BWTS'

Korea's medium-sized marine equipment company has developed the world's first Plasma-type ballast water treatment system.

The Ministry of Land, Transport and Maritime Affairs announced on July 19 that Samkun Century was issued type-approval certificate on its Plasma BWTS.

The 'ARA Plasma BWTS' destroys targeted micro-organisms with a pressure shock wave produced by a high-energy plasma arc.

Of all 25 BWTS products or technologies approved in the world, now Korea secures overall nine technologies.

Recently developed technology is capable of operating in fresh water, unlike electrolysis technology, and is eco-friendly without using chemicals.


Published : July 20, 2012

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[Marine] MISC plots two LNGC orders

With two elderly LNG vessels reborn as floating LNG storage units, Malaysia’s MISC is focussing on its next generation of LNG carriers.

MISC is starting to think about its next generation of LNG carriers as some of its oldest vessels move on to new lives in other sectors of the business.

Vice-president for LNG business, Faizul Ismail, said, “We are thinking about a renewal programme for these vessels. Charterers will prefer newer vessels because it makes sense.”

Ismail says the size and propulsion of future LNG ships will be very dependent on what the charterer would like to do.


Published : July 16, 2012

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[Marine] HVS naming bulker duo

17& 18 July 2012, Hyundai-Vinashin Shipyard honorably celebrated Naming Ceremonies for two bulk carriers under witness of representatives of Owners, Classes, Hyundai Mipo Dock yard and the Yard.

On 17 July 2012, Hull No. S062 with DWT of 37,000 was officially named "NORD MUMBAI" by Mrs. Yvonne Dyveke Jensen (Dane). She is scheduled to be delivered on 26 July 2012.

Subsequent to the event, on 18 July 2012, Hull No. S055 was named " AMS PEGASUS II" by the Owner's spouse, Mrs. J. H. Im (Korean). " AMS PEGASUS II" with the DWT of 82,000 is the biggest vessel built at HVS and it is planned that Delivery Signing Ceremony will take place on the same day of Naming Ceremony.

At the ceremonies, the representatives of both Owners expressed their hig appreciation of the Yard's effort as well as share common vision which is "Built high quality vessels meeting international standard together with maintaining safety with the motto of Zero accident".


Published : July 19, 2012

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[Marine] WSS helps Northern Sea shipping

Lysaker, 19 July, 2012 - Wilhelmsen Ships Service (WSS) is helping clients execute voyages through the Northern Sea Route (NSR) as this new trade lane begins to open up new opportunities for shipping.

WSS is working with Russian Arctic shipping specialist Rosatomflot for ice-breaking assistance and has developed a programme to assists clients with technical, legal and insurance preparations they must satisfy to make the journey safely.

The NSR is currently open between 1 July and 1 November but holds out the long-term prospect of a faster route between Northern Europe and North Asia/Alaska, cutting the journey time on an Europe-Asia voyage from 34 days to 22 days. This has the potential to provide substantial savings in fuel consumption and emissions, as well as hastening the development of oil and gas reserves in the Arctic.

WSS Ships Agency Service Manager Eivind Jespersen said:

"Our experience is that many shipowners are closely following the development of the Northern Sea Route. Until now they have been reluctant to pursue this interest until their concerns are resolved. WSS Norway in partnership with WSS Russia is able to offer expert advice and assistance necessary to make voyages through the NSR a reality."

In 2011, 34 voyages carried more than 820,000 tonnes of cargo via the NSR, a figure likely to rise to 1m tonnes in 2012. Summer sea ice levels on the route have decreased about 12% over the last decade and the warming climate ice could bring ice-free summers by 2050, according to Norwegian Polar Institute estimates.

Russia is promoting the NSR as an alternative to routeing vessels through the Panama or Suez canals and its government is preparing regulations for foreign civilian vessels with the corresponding law expected to be approved by Russian parliament this year.

WSS expertise in the region gives its experts first-hand knowledge of navigation conditions and practical considerations for safe operations in the NSR. WSS takes advantage of high quality meteorological data from the Norwegian Meteorological Institute for predictable ice conditions, including ice charts, edge positions and long term weather prognosis.

"The NSR is a new global route and comes with significant challenges in terms of navigation but the risks can be managed by good preparation," continues Mr Jespersen. "We recommend extensive research and training prior to NSR voyages both onboard and on shore. Highly competent crew in particular makes a huge difference."

The average cost for a single NSR passage is about 10% greater than a Suez canal transit, however this is negotiable for multiple transits. Each transit is considered a separate project as to preparations, such as application for permission to the Russian authorities, equipment and crew training.

Issues that owners need to be aware of before navigating the NSR include amendments to the terms of their P&I and hull and machinery insurance cover. In addition, paper charts and publications are in Russian only and ice pilots do not always speak languages other than Russian.

To make the journey, all vessels must comply with Russian rules for the NSR, including its guide and regulations for navigation and pilotage as well as requirements for vessel design and construction, ice operations and knowledge of tariffs for icebreaking services. At present it takes two to three weeks to get a ship accepted to transit the NSR and the vessel nominated must be the highest, 1A ice class.

WSS will act as agent only for principals requesting NSR transit and the principal will issue a letter of authorization to WSS which will negotiate the transit on their behalf.


Published : July 20, 2012

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[Ship Building] Jinhai inks 2,000TEU series

UK's Graig group has finally ordered its newly designed fuel-efficient MARLIN 2000 Blue container feeders at China's Jinhai Heavy Industry.

The Cardiff-based company has signed up for three of the type, and holds options for a further three vessels.

And it is understood that the series could be extended up to twenty further vessels including other MARLIN designs.

Graig says finance support is being led by a major European bank and China’s EXIM Bank.

The first two vessels are scheduled for delivery in August and September 2013 with subsequent vessels to be delivered in pairs every two and half months.

The MARLIN series of designs has been developed by Wärtsilä, together with Graig and classification society DNV. The designers claim that the ships delivers approximately 30% improved fuel efficiency per TEU carried.

Graig's plans to order the ships were first announced in early 2011, and progressed to the Letter of Intent stage by July of that year. The plan was put on ice because of turmoil in the liner sector, although there were also suggestions that Graig was waiting for shipbuilding prices to fall even further.


Published : July 20, 2012

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[Ship Building] Korea took 38% of all: H1

Korea's shipbuilding and offshore industries have kept holding a lead in the first half of 2012, however, newbuilding orders have plummeted by over a half.

According to 'H1 2012 shipbuilding & offshore industry trend' by the Ministry of Knowledge Economy on July 19, Korea's new order for ship and offshore plant in H1 totaled 3.31m cgt, accounting for 37.7% of global orders totaling 8.77m cgt, which down by 5% points from 42.7% in the whole 2011, when Korea bagged 13.76m cgt out of 32.25m cgt ordered in the world.

Also, Korea's order intake, in the first six months, has sharply declined by 65.3% year-on-year.

China has contracted overall 3.03m cgt in the first half of the year, taking 34.5% of global order, up by 2.4%p against 32.1% (10.35m cgt) in 2011, while Japan inked 1.07m cgt of orders with 12.3% of global shares, which is similar to previous year.

Meanwhile, during the first six months, Korea has inked a total of $14bn, while China only penned $5.9bn, which is explained with Korea having contracted majority of orders for drillship, FPSO, LNG carrier, LPG carrier, etc., China, on the other hand, having focused on sales of bulker, small-and-medium sized boxship, etc.

Korean shipyards are maintaining its global competitiveness in high-value vessels, including one FPSO ($2bn), one LNG-FSRU ($280m), seven drillships (around $4.4bn) out of eight vessels ordered in the world, one LNG-FPSO ($770m) out of two, 15 LNG carriers (about $3.1bn) out of 16, 16 LPG carriers (around $800m) out of 23, 30 tankers (about $1.9bn) out of 64 worldwide, etc.

Korea's ship export in H1 is estimated to be $25.5bn, down by 20% year-on-year, due to construction of low price newbuildings ordered after global financial crisis in 2008 and decease in new order. During the second half of the year, ship export is expected to be around $17.5bn.

Meanwhile, global shipbuilding market still seems to be troubled. Global newbuilding investment, in the first six months, stands at 8.77m cgt, down by 58% year-on-year. Particularly, new order for commercial ship has plummeted to the level in H1 2009, right after global financial crisis, to around 4.9m cgt. Other segments of LNG carrier, drillship, etc., besides commercial ship, have also seen order drop by 25% y-o-y.


Published : July 20, 2012

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[Ship Building] Newbuilding in big trouble

Amid global fleet overcapacity and slowing down commercial traffic by European financial crisis, troubled shipbuilding industries have seen new order, in the first six months of 2012, plunge 57.9% to 8.77m cgt, with delivery down 2.8% to 25.39m cgt. In a report by KEXIM (Export-Import Bank of Korea) Overseas Economic Research Institute, with only around two-year work load remaining in the world, global new order has faced serious condition.

Senior researcher Yang Jong-Seo said, in regard of newbuilding price trend, most of segments, except containership, have slowed down in decreases, however, comparing with the highest points in the third quarter of 2008, bulker price declined by 47.5%, tanker and boxship fell 38% and gas carrier dropped 24%.

Korea's newbuilding order inflow, during the first half, recorded 3.31m cgt, plummeted by 65.3% y-o-y, and totalled $14bn, sharply declined by 63.2% y-o-y, of which orders for offshore facility and LNG carrier accounted for 71% with around $10bn.

Korean shipyards delivered overall 8.61m cgt in H1, down by 4% on the same period last year and recorded $25.5bn of ship export, down by 20.1%.

Researcher Yang said, "Although Korean shipyards see orders in offshore facility and LNG carrier sectors, there is few orders for commercial ship sector." Korean yards won overall 17 orders for LNG carrier in H1.

On the other hand, Korea just contracted 15 bulkers, seven tankers and 30 product carriers, particularly, according to Yang, "There has been no one boxship contracted during the first half, which is quite a shocking result."

He also forecast that with commercial ship market, less likely to recover in H2 as well, yards would see a huge drop in new order annually. And he prospected that orders for LNG carrier and drillship would cut in half compared to those invested in a boom period of 2011 in the sectors, but additional FPSOs are to be placed for orders in H2.

Therefore, he expected Korea's overall new order intake for 2012 to be around 7m cgt, down by 48%, totalling $33.7bn, down by around 30% y-o-y.


Published : July 20, 2012

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Mechanical Packings & Rings ARAMID

Mechanical Packings & Rings
ARAMID

LATTYflon 4788

The First and Still No. 1!
Packing made of continuous 100% aramid fibres. Each single
yarn is impregnated with PTFE using our exclusive ’Filcoat’-
process, then re-impregnated with a mix of PTFE and inert foodquality lubricant during plaiting operation.
Pumps, rotary movements.
Chemical, petrochemical, pharmaceutical, food and sugar
industries, pulp and paper mills, power stations.

LATTYflon 4789

The Cost-effective Aramid Packing
Packing made of aramid / staple rayon compound yarns, each single yarn being impregnated with PTFE using our exclusive ’Filcoat’-process, then re-impregnated with a mix of PTFE and inert food-quality lubricant during plaiting operation.
Pumps, rotary movements. 
Marine (in particular propeller shaft glands), chemical,
petrochemical, pharmaceutical, food and sugar industries, pulp
and paper mills, power stations.
Approval: FMPA (food industry).

LATTYflon 4488

Aramid/Carbon Synergy   Tough - Durable - Reliable
Packing made of a LATTY exclusive yarn - intimately blended aramid and carbon fibres - each single yarn being impregnated with PTFE using our exclusive ’Filcoat’-process.
The packing is then re-impregnated with a mix of PTFE and inert
food-quality lubricant during plaiting operation. The mechanical properties of aramid fibres combined with the heat dissipation properties of carbon fibres give LATTYflon 4488 unmatched performances.
Pumps, agitators, mixers, refiners, screw conveyors.
All kind of slurries, pulp and paper mills, chemical, petrochemical,
pharmaceutical, food and sugar industries, power stations.

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Universal RTD Calibrator

Altek/TRANCAT
Model 311A Universal RTD Calibrator

The HOTTEST High Performance RTD Calibrator You Can Handle.

The new Model 311A sets the standard in handling

pulsed excitation currents. This unit can read intermittent

current pulses from Rosemount 3144 Smart Transmitters,

multi-channel recorders, and DCS inputs down to 10 milliseconds.

- Universal Compatibility  Operates with devices that use pulsed excitation

currents including PLCs, DCSs,

and multi-channel recorders. Wide excitation current range (0.09 to 10.2 mA)

for compatibility with most  field instruments.

- Simulate RTDs into Smart Transmitters  Works with a wide variety of models

including Rosemount 3144 and Honeywell STT series.

Connections

The Model 311A accurately simulates and reads 2,
3, or 4 wire RTDs. Press the 2, 3, 4 WIRE pushbutton to match the instrument being calibrated. All connecting wires must be the same length and of the same material running along the same path to insure maximum accuracy.

Two, three or four wire
Two wire RTD measurements are less accurate than other RTD measurements because of the errors introduced by the resistance of the lead wires. The third wire in a three wire hookup provides the instrumentation with a reference connection for the
lead wires. The measuring instrumentation uses this reference to infer the actual resistance of the RTD element without the leads. Four wire RTD measurements take into account all wires other than the RTD sensing element. This makes four wire RTDs best suited for precision measurements.

Compatibility with excitation currents
RTD measuring instruments use different levels of excitation current to read RTDs. The 311A operates with excitation currents from 0.090 to 10.20 mA. As the excitation current increases the highest resistance that can be simulated decreases. With
currents from 0.090 to 5.0 mA the 311A can simulate up to 500.00Ω. At 10.20 mA the highest simulated resistance is 250Ω. Some transmitters, recorders and other RTD input
devices use intermittent, or pulsed, excitation currents to measure the resistance of the RTD. The Model 311A operates with both steady excitation currents and with intermittent currents as fast as 10 milliseconds.

SPECS Corporation
B-705 Techno-Park 148 Yatap Bundang, Sungman, Gyeonggi-Do, Korea (South) 463-760
Phone 82-31-706-5211
Fax 82-31-703-5215
specs.co.kr

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