Friday, November 23, 2012

[Ship Building] Maersk delays 18,000TEUs?

Maersk delays 18,000TEUs?

Denmark's Maersk Line could postpone the delivery of some 18,000TEU ultra-large newbuildings, an analyst forecasts.

The first triple-E class ships will hit the water from next year. But Lawrence Li of UOB Kay Hian said, “It is very likely [Maersk] will ask Daewoo Shipbuilding & Marine Engineering to defer deliveries, as what other carriers are doing.”

In a note to clients he said, “As the largest container carrier with a 16% market share worldwide, Maersk's switch of strategy shows the capacity discipline within the industry remains intact and hence the industry is bottoming out.”

Maersk is set to take delivery of a total of 20 triple-E vessels from DSME by 2016.



Published : November 23, 2012


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[Ship Building] Chinese vie for cruiseship

Chinese vie for cruiseship

While unprecedented troubles hit shipbuilding market, cruiseship building may save stagnant Chinese shipyards.

Specialists from major four cruiseship shipyards in Europe are looking for partners in China.

China's HIT Marine Company (HIT) was offered a proposal from an executive from UK-based cruiseship professional to establish a cruiseship owner in China.

Chief Executive Li Sheng of HIT said now they are inviting investors to build China's first cruiseships and they are contacting Chinese shipyards, Hotel managing companies, shipping companies, private equity funds, etc.

He added that many domestic shipyards are interested in building China's first cruiseship.

Cruiseship market is now dominated by shipbuilders in Finland, France, Germany and Italy.

Mr. Li Sheng said Chinese shipyards will have no problem in building cruiseship on the basis of high-end technology from Europe, abundant funds and lower costs in China, etc., however, cruiseship is a daunting segment.



Published : November 23, 2012


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[Ship Building] Ukrainian talks more TKs

Ukrainian talks more TKs

Ukrainian shipyard Kherson is in talks with a Russian shipowner to build more tankers for the customer.

Russia’s SVL group is in discussions with the yard for up to five extra 6,980-dwt river-sea tankers.

The owner already has three sister ships of the same type on order at Kherson.

The tankers will be built to carry crude oil and products on a charter deal with TNK-BP.



Published : November 23, 2012

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[Ship Building] Namura's Eco LPGC

Namura's Eco LPGC

Namura Shipbuilding of Japan has recently developed 22,500-cbm energy-efficient LPG carrier.

The newly developed LPG carrier has enhanced fuel efficiency by 15% comparing with existing vessels. Namura reexamined main engine on the basis of existing 22,500-cbm.

The company aims to deliver the vessel after the second half of 2015.



Published : November 23, 2012


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Marine Machinery, Machinery Business Division

Marine Machinery, Machinery Business Division

Marine Machinery Business Division


Marine Machinery, Machinery Business Division

Company: Bosung Engineering Co., Ltd.
Country: South Korea
Address: #1189-1, Choryang-3dong, Dong-ku, Busan, Korea (South) 601-838
Contact: Sihyeong Kim
Phone: +82-51-601-0851





Marine Machinery, Machinery Business Division

Busung Englineering Co., Ltd. Was established in 1982 and has been successfully developed as one of World`s leading supplier in the field of ship`s spares parts and marine machinery equipments for 30 years.

In 1997 Bosung obtained the ISO9001 & ISO14001 certificate from DNV to comply with international standards and customer`s complete satisfaction.

We have established Hamberg Branch in 2005, local office in Athens in 2007 and representative office in Singapore in 2010 to facilitate the communication processes with worldwide customers and to make immediate services throughout the world.
  


Marine Machinery, Machinery Business Division

Marine Machinery, Machinery Business Division


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[Marine] LNGC orders to increase

LNGC orders to increase

With a forecast that about 35-40 newbuilding LNG carriers will be ordered in the whole 2013, Korean shipyards will possibly book many of them.

Park Mu-Hyun, analyst of E*Trade Securities said "In November 2011, market players predicted that about 32 vessels and $6bn of LNG carriers will be placed for order in 2012."

He added "According to Clarkson, a total of 25 LNG carriers, $4.9bn of orders have been placed year-to-date, which represents 78% of those prospected."

Park forecasted that with orders contracted during the remainder of this year, total amount of orders will reach closer to the estimate. He explained that LNG carrier market is possibly to improve due to heating demand in the winter as Awilco LNG had said and recently business talks over newbuilding LNG carrier are growing in Korean shipyards.

Moreover, he said that Angola LNG production project is scheduled to begin in early next year.



Published : November 23, 2012


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[Marine] Jinhai kamsarmax cancelled

Jinhai kamsarmax cancelled

China's Jinhai Heavy Industry saw its kamsarmax newbuilding bulkers placed an order by John Fredriksen’s Golden Ocean Group Limited (GOGL) being cancelled.

Even though GOGL had secured a discount of around $10m on the order, it decided to chop off two newbuildings out of three.

Jinhai should pay back $45.8m for the two vessels cancelled to GOGL.

Meanwhile, GOGL announced its plan to cut down its newbuilding orderbook last month and the shipowner is now left with eight newbuildings to its name. Further cancellation is expected to follow.

Sources said that GOGL is also in the process of analyzing various investment opportunities including second hand or resale acquisitions, long term lease structures and newbuildings.



Published : November 23, 2012


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[Marine] TK sector to pick up?

TK sector to pick up?

Tsakos Energy Navigation pictures a brighter days ahead for the tanker market.

The Greek shipowner posted narrowed losses for the third quarter as well as reporting new charter contracts.

Chief operating officer George Saroglou said, “Looking ahead, we think the worst is behind us as supply of vessels shrinks while global oil demand continues to increase.”

The company also wants to expand its LNG carrier and shuttle tanker business.



Published : November 23, 2012


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[Marine] P+S aims ferries completion

P+S aims ferries completion

Bankrupt German shipbuilder P+S Group is to complete two Ro-Ro ferries contracted with DFDS.

P+S's Volkswerft Stralsund shipyard may deliver DFDS' a pair of newbuildings if it secures guarantess.

Insolvency administrator Berthold Brinkmann said he was entitled to start fresh negotiations with the Danish shipowner over the order.

Meanwhile, P+S's Peenewerft facility is to be sold within this year.



Published : November 23, 2012


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