Friday, November 30, 2012

Sealing Compound Power, Water Sealing Compound

Sealing Compound Power – SFS 1000

Sealing Compound Power, Water Sealing Compound

Company: Seoksoo Chem Tech Co., LTd
Country: South Korea
Address: 151-4, 2Ga, Bong Rae Dong, Young Do Gu, Busan, Korea (South) 606-062
Contact: Shin, Duck Man
Phone: +82-51-415-6226

Description
Intended For Filling up of Sealing Compound Cable Transits, After 24HRS Dry Time, Become 100% Strong Hardening of Powder Plus Hardener and Change into Expansion between Cable and Steel without Shrink Which made 100% Tightness.

Feature
SFS-1000 Powder (A) has a No Leakage; no Shrink 100% Water/GAS Tightness after 24HRS Of dry time, Which Filling Working has finished for “A” Class 60 Compartments of Vessel.

Specification
SFS-1000 Powder (A) Class-A60

Application
For Vessel, Power Plants, Building Cable Coating. “A”-60 Class/”B” Class of Compartment for Cable Transit on Bulkhead/Decks Of Vessel. According to IMO RES, A.754 (18)/Solas, 1974, Amendment 2000 and all class societies Rules.

Other information
Attachment: (See shown Photos) SFS-1000 Powder (Packing unit)
Powder (A):7.5kgs/in Net weight with vinyl Sheet covered Paper Bag.


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[Equipment] G-Type interest grows

G-Type interest grows

MAN Diesel & Turbo has reported a healthy interest in its ultra-long-stroke G-type engine with orders for the high-efficiency steadily growing.

Most recently, Piraeus-based Polembros and U-ming of Taiwan have placed orders for a further six engines, bringing the current number of G-type orders up to 70 just one year after being available on the market.

The six MAN B&W G70ME-C9.2 engines are all destined for 186,300 dwt Capesize bulk carriers and will be manufactured by CSSC-MES Diesel Co. Ltd. (CMD), the Chinese engine manufacturer.

The first of the six engines is scheduled for delivery in December 2013 with the remaining five due during 2014. The vessels will all be built at Shanghai Waigaoqiao Shipyard (SWS), one of the largest such facilities in the People’s Republic of China.

MAN Diesel & Turbo has released figures comparing the performances of an 6G70ME-C9.2 type and a 6S70ME-C8.2 type aboard a Capesize bulk carrier – the latter engine represents a traditional choice for such a vessel. Results show that the G-type engine makes a significant 6.5% saving in comparison to the S-engine, of which 4.5% stemmed from the improved propeller efficiency – which is a consequence of the lower rpm – and 2.0% from the actual engine.



Published : November 30, 2012

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[Ship Building] China yards keep falling

China yards keep falling

China's shipyard and shipbuilding-related industries have been struggling with tough market and management environment this year.

According to a latest report by the China Association of National Shipbuilding Industry (CANSI), during the first ten months of this year, Chinese shipyards have delivered a total of 46.67m dwt, declined by 15.5% year-on-year.

During the same period, Chinese shipbuilders contracted overall 16.42m dwt, which saw 44.8% drop year-on-year. As of the end of October, Chinese stood on 116.63m dwt orders, down by 29.5% year-on-year and by 22.2% on the end of last year.

From January to October of this year, Chinese shipyards completed delivery of 38,83m-dwt export ships, decreased by 16.8% year-on-year, and contracted a total of 13.09m-dwt export ships, dropped by 41.4% as well. Orderbook for export ship, at the end of October, fell by 28.5% to 97.38m dwt.

Delivery, new order and orderbook of the export ship account for 83.2%, 79.7% and 83.5% in Chinese shipyards' each of total.



Published : November 29, 2012


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[Ship Building] NB market gets "Lively"

NB market gets "Lively"

The end of 2012 coming ahead, last week (November 16-23) saw rather an active ordering, as shipowners clinched newbuilding contracts which have been under negotiations with shipyards for some time.

Ordering on commercial ships, such as bulker, tanker, boxship, etc., has been depressed but niche segments of the market, PCTC for example, have won more orders.

Latest weekly report from Clarkson Hellas said already 25 firm PCTCs had been contracted year-to-date and with further options to be declared within the end of this year, the total number of PCTC contracted will creep into the 30's. 2012 sees an active investment in newbuilding PCTC, comparing with 12 vessels in 2009, 21 in 2010 and only four in 2011.

STX Offshore & Shipbuilding has recently won an order for a pair of 6,500-ceu PCTCs with additional option for two, with delivery slated for 2015. The pricing is said to be around $65m per ship.

Meanwhile, China's Jiangnan Shipyard is said to have contracted to build six plus ten VLGCs, valued in about $60m apiece, with compatriot Oriental Energy last week. And Hyundai Mipo Dockyard of Korea booked additional two 28,600-dwt Con-Ros from Italian owner Grimald.

Korea's Hanjin Heavy Industries & Construction's Subic shipyard in the Philippines won an order for two plus four 9,000-teu containerships from CCNI, with newbuilding price amount around $82m per ship.

Also, Oshima Shipbuilding penned two 84,000-dwt bulkers with option for two more from U-Ming Marine Transport of Taiwan. Deliveries are slated for 2014 and newbuildings cost around $33.8m per ship.

As for offshore sector, Jurong Shipyard of Singapore and Norway's Prosafe finalised a contract for Jurong to build the second unit of a accommodation semi-submersible worth $295.2m.

And Hyundai Heavy Industries were placed an order for one dive support vessel by Subsea 7 of UK.



Published : November 29, 2012


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[Ship Building] COSCO inks bulker pair

COSCO inks bulker pair

The Board of Directors of COSCO Corporation (Singapore) Limited (the "Company") is pleased to announce that COSCO (Guangdong) Shipyard Co., Ltd (a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Group Co., Ltd), has secured a contract from a European company to build two bulk carriers of 35,500 dwt each.

Both vessels are scheduled for delivery in the second half of 2014. The total contract value for the above two bulk carriers is over US$41 million.

None of the directors or controlling shareholders of the Company has any interest, direct or indirect in the contracts.

The above contract is not expected to have a material impact on the net tangible assets and earnings per share of the Company for the year ending 31 December 2012.



Published : November 29, 2012

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[Marine] Scandlines finally cancels

Scandlines finally cancels

Insolvent German shipyard P+S Werften has lost more newbuilding contracts.

Baltic operator Scandlines has finally cancelled the much-delayed Ro-Ro newbuilds at the shipyard, it revealed. The vessels were due to enter service this summer.

Scandlines explained, "Despite Scandlines’ strong commitment it has not been possible to find a solution to the severe technical problems that have occurred during the building process delaying the delivery."

All payments made to the yard are covered by bank guarantees, the operator added.



Published : November 29, 2012


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[Marine] Jinhai VLCCs may be cancelled

Jinhai VLCCs may be cancelled

Frontline 2012 is tipped to cancel VLCC orders at a Chinese shipyard.

Analysts are expecting the cancellation of five VLCC orders at Jinhai Heavy Industry.

Nicolay Dyvik, an analyst at DNB Markets, says the owner was entitled to cancel its first VLCC at Jinhai in August this year.

“The scheduled delivery for the five newbuilds is from January 2012 until February 2013, with estimated cancellation dates from August 2012 until September 2013,” he said.

Dyvik said cancellation of the VLCCs, ordered at $135m each, will cut Frontline 2012’s capex by $297m.



Published : November 29, 2012


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[Marine] 2013 to stay in doldrums

2013 to stay in doldrums

Shipbuilding and shipping industries will go through ill market and severe restructuring in 2013.

Shinhan Investment Corp prospected as such from 'Shinhan bond market forum' with a theme 'Global & Korea Bond Market 2040', on Wednesday.

Analyst Byun Jung-Hye forecasted shipbuilding and shipping industries will stay in the doldrums next year and economic recovery should come first. Also said each ship size has different demand-supply situation and recovery will be also differentiated.

Therefore, shipbuilders should set up a differentiation strategy with a focus on high-value ship, in order to overcome shrinking new order and chasing Chinese shipyards. Support from government is also required, she said.



Published : November 29, 2012


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[Marine] HMD closer to Target

HMD closer to Target

Hyundai Mipo Dockyard in Korea appears to achieve 90% of its new order target for 2012 by the end of this year.

Huh Sung-Duk of Hi Investment & Securities said "With recent orders for a pair for Con-Ros for Grimaldi, Hyundai Mipo reached 68% of its $3.2bn of order target with $2.16bn."

He forecasted that Hyundai Mipo will concentrate on product carrier orders and said "As refinery plants in the Middle East to be completed, demand for newbuilding PC will grow next year."

Meanwhile, Huh said "Due to strong won and continued loss occurred from Hyundai-Vinashin Shipyard, Hyundai Mipo's profits for the third quarter stood below market consensus."


Published : November 29, 2012


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