[Equipment] Hyundai joins Subsea M&A

Hyundai Heavy Industries of Korea is proceeding acquisition of overseas subsea company in preparation of entering into subsea production facility market, as its rival Samsung Heavy Industries already did.

Sources said that Hyundai has already secured a list of candidate companies from investment banks.

The Ulsan-based company is under construction of subsea pipeline, production facilities, etc., however, it only carries out assembly or installation works with imported equipment or facilities.

As energy development moves gradually into deeper sea, demand for deep-sea offshore plant and subsea facility is sharply expanding.

Meanwhile, Samsung has planned M&A with subsea company and has been in talks with several companies since 2011. However, sources said that a few companies now dominating the market ask excessively high prices and its negotiation is at a standstill.


Published : September 14, 2012

Komec 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

Click Here!!

[Marine] Old VLCCs popular

Shipowners' interest is rising in late 1990s-built VLCCs.

Clarksons said, “The perceived value of these vessels is attracting a number of cash buyers to the table.”

“This is because whilst traditionally we would have expected more interest in the modern sector, the lack of finance available has meant some buyers have had to realign their expectations to cater for the higher cash requirements needed to make a purchase.”

Recently Tsakos Energy Navigation of Greece was reported to have lined up a buyer for one of its oldest VLCCs.

Brokers say the owner netted $21m from the sale of the 300,000-dwt La Madrina (built 1993) to the Singapore-based shipping arm of Chinese bunker supplier Southernpec.


Published : September 14, 2012

Komec 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

Click Here!!

[Marine] HMD inks Con-Ro & PCTC

Hyundai Mipo Dockyard signs more Con-Ro and PCTC newbuildings from overseas owners.

Italian Liner owner/operator Grimaldi has inked three Con-Ro newbuildings at the midsize-ship specialist yard in Korea.

The newbuilding deal is understood to comprise three firm 29,000-dwt Con-Ros for delivery in 2014, plus two options.

The HMD newbuildings will carry more cargo and consume less fuel than the ships they will replace. The price tag of the ships is unknown but industry sources estimate it at around $70m per vessel.

Meanwhile, Israel’s Ray Shipping is said to have ordered one more 6,700-ceu pure car-truck carrier at HMD for delivery in 2014.

It brings the number of newbuildings Ray has on order at the yard to six. Market sources say the price would be in the mid-$60m.


Published : September 14, 2012

Komec 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

Click Here!!

[Marine] BIMCO, Eco-Ship "Profitable"

Eco-friendly MR tankers will save owners money, according to a new report by BIMCO.

An Eco MR2-tanker may cost up to 25% more than a non-Eco MR2-tanker, but in the long run the shipowner reduces fuel costs, which are the most expensive costs for owners.

BIMCO’s calculations are based on a 15% saving on fuel costs.

“An Eco ship seems to be the best profitable choice for the future fleet,” said Peter Sand, BIMCO’s chief shipping analyst.


Published : September 14, 2012

Komec 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

Click Here!!

[Ship Building] COSL plans OSV expansion

China Oilfield Services Limited (COSL) plans tonnage expansion of offshore supply vessel.

An official from COSL revealed that the company is aiming to support offshore field development with its expanded OSV tonnages, currently totals around some 50, during 'OSV World Forum'.

According to him, China secures around 180-some OSVs and COSL has about 60% shares of them.

CEO Jiang Qiang of China's private-owned Sinopacific said that China's oil development project in South China Sea is an opportunity and hope to strengthen cooperation with domestic oil companies.

Meanwhile, state-owned China State Shipbuilding Corporation (CSSC) said that offshore has become one of its strategic sectors, with construction experiences of semi-submersible drilling rig 'Hai Yang Shi You 981' and ultra-large deep-sea exploration vessel 'Hai Yang Shi You 720'.

CSSC showed its determination to work hard to achieve CNY 20bn ($3.16bn) of profits from offshore segment by 2015.


Published : September 14, 2012

Komec 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

Click Here!!

[Ship Building] CSAV, 9,000TEU or 10,500TEU?

Chilean line Compañía Sud Americana de Vapores has asked Asian shipyards to bid for two ship sizes of 9,000TEU class and 10,500TEU ships.

The smaller ships are costing around $80-85m per ship and the larger ones some $10m more, brokers say.

CSAV intends to order firm 10 ships with an option to build another 10.

Industry players are paying much attention to this newbuilding project as ultra-large containership newbuilding orders have almost ground to a halt this year.

Evergreen 13,800TEU newbuilding project was the only mega-boxship order this year, which were ordered at Hyundai Heavy Industries in Korea.


Published : September 14, 2012

Komec 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

Click Here!!

[Ship Building] Eco-Ship inquiries grow

Global shipowners are struggling over weak profitabilities, however, demand for newbuilding commercial ship is gradually increasing.

Analyst Park Mu-Hyun of E*Trade Securities of Korea said that following after Taiwanese owner Evergreen's newbuilding/chartering project for 13,800-teu boxships, Yang Ming of Taiwan and Chilean owner CSAV, etc., are also planning to invest in newbuilding mega containerships.

Also, he said that Arcadia, Shell, etc., are in talks for ordering MR product carriers, with quite a number of undisclosed owners also having a meeting in regard of newbuilding commercial ships.

He pointed out that even though rates are expected to drop further on the basis of current shipping market and shipowners are still having difficulties with low profits, shipowners keep looking into newbuilding investment.

He explained that demand for up-grade vessels have caused growing interests in new order, rather than speculative intention, saying "Demand for fuel-efficient eco-friendly vessel, which is capable of reducing fuel consumption and increasing tonnages at the same speed, takes the largest proportion."

At the moment of depressed shipping market, speculative order is unlikely to occur.


Published : September 14, 2012

Komec 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

Click Here!!

Stern Tube Seals, Marine Growths Protection System,Window Seal

 Company: Hwaseung R&A Co.,Ltd.

Country: South Korea

Address: 147-1,Gyo-dong, Yangsan, Gyeongsangnam-Do, Korea (South) 626-210

Contact: Myeong-yeon Kang

Tel: +82-55-370-3331

Stern Tube Seals

Marine Growths Protection System

MGPS anodes are preferably installed in a sea chest and secured with specially designed safety caps. Such anodes will have a design life coinciding with dry dock schedules. In-board fitments in the pipeline or in strainers when anodes can be replaced at any time are also possible. The anodes are all wired to one or more common control panels that can also have connections to the pump controlling the water flow.

- Simple installation

- Pressure tested safety cofferdams

- Reliable, automatic operation with minimal attention from the crew.

- Complete protection against befouling

- Reduced corrosion

- Minimal power requirements

- Modular electronic control panel using one module per flow line

- Easy system expansion by adding modules.

- Anode save feature controls current to the anode based on there being or not being flow in the pipeline. This considerably increased anode life when flow is intermittent.

Window Seal

Hwaseung has a plenty experience in rubber recipe and therefore abrasion, thermal and oil resistance rubber can be assured. Especially the seals have the advantage of tensile strength, elongation, oil-tight and water-tight.

Window seal`s purpose is security of the crews or passenger against water and wind noise. It is applied to the ship of every kind and to the different material depending on heat conductivity of window panel.

Komec 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

Click Here!!