Friday, December 21, 2012

Marine Valve, Marine Pipe, Marine Fitting

Company: Dong Hun Enterprise Co.
Country: South Korea
Address: #274-7, hak jang-dong sasang-gu, busan Korea., sasang-gu ,busan ., Busan, Korea (South) 617-844
Contact: Dongryeol Lee
Phone: +82-51-314-2610

Marine Valve, Marine Pipe, Marine Fitting

BALL VALVE (JIS10)

FEATURES
Design: JIS B 2081
Face to Face: JIS B 2002
Flange Dimension: JIS B 2210
Inspection & Test
Body: 24 kgf/cm²
Seat: 15 kgf/cm²


Marine Valve, Marine Pipe, Marine Fitting

BALL VALVE (JIS05)

FEATURES
Design: JIS B 2081
Face to Face: JIS B 2002
Flange Dimension: JIS B 2210
Inspection & Test
Body: 12 kgf/cm²
Seat: 8 kgf/cm²


Marine Valve, Marine Pipe, Marine Fitting

BALL VALVE REDUCED TYPE

FEATURES

Design: MSS SP-72 / ASME B 16.34
Face to Face: ASME B 16.10
Flange Dimension: ASME B 16.5 #150
Inspection & Test
Body: 427.5 psi
Seat: 313.5 psi

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Thursday, December 20, 2012

[Ship Building] HMD wins more Eco MRs

HMD wins more Eco MRs

Luxembourg – December 17th, 2012 – d’Amico International Shipping S.A. (Borsa Italiana: DIS), an international marine transportation company, operating in the product tanker market, announced that its operating subsidiary d’Amico Tankers Limited (Ireland), will enter into shipbuilding contracts for the construction of two additional new product/chemical tanker vessels (50,000 dwt Medium Range) with Hyundai Mipo Dockyard Co. Ltd. – Korea.

These are expected to be delivered between the end of 2014 and the beginning of 2015, for a consideration of about US$ 32.0 million each. d’Amico International Shipping S.A. was offered the opportunity to buy these two new vessels by exercising the option, as amended, attached to the contracts when it ordered its two ECO-40 Shallowmaxs, announced on July 26th ,2012.

These two newbuildings are the latest IMO II MR design with the highest fuel efficiency. The design is the utmost HMD concept of hull shape and propulsion efficiency leading to a fuel saving of 6 -7 T /day compare to the average consumption of world existing MR fleet.

The vessels will have an attained Energy Design Index (EEDI) falling already well within the IMO phase-in 3 requirement due for vessels to be built after Jan 1st 2025, being of 31,5% lower than the current IMO reference line.

As of today the fleet controlled by d’Amico Tankers Limited includes a total of 39 double-hull Medium Range (MR) and Handysize product tankers, with an average age of about 6.2 years.

Marco Fiori, Chief Executive Officer of d’Amico International Shipping S.A. commented: "I am delighted to announce this new deal for two additional MR Vessels which represents DIS’s 6th vessel ordering in the last 5 months. Attached to this transaction is also the option to order a further 2 ships at an attractive price. This clearly reaffirms DIS’s strategy to modernize its fleet through new buildings with eco innovative design. We strongly believe these types of vessels are set to be the future of our industry and their estimated timing of delivery perfectly matches our positive market outlook on the medium/long term.

Upon delivery these two ships will be the most advanced and efficient in terms of speed, consumption and deadweight & draft ratios among their size. These technical improvements will permit to improve current t/c equivalent rate revenue by an amount of at least US$ 3,000 per day. DIS intends to renew its fleet through accretive acquisitions with a goal of continuing to manage the capital structure and chartering mix in an effort to provide our investors with the optimal risk, return balance."



Published : December 18, 2012

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[Ship Building] Daewoo "Beyond Target"

Daewoo "Beyond Target"

Daewoo Shipbuilding & Marine Engineering has potential to even go beyond 2012's new order target.

Yang Hyung-Mo, analyst of Taurus Investment & Securities in Korea, said "Daewoo has practically achieved 2012's target and its target can be exceeded with additional orders for offshore facilities, LNG carriers, boxships, etc., within this year," and suggested "$13bn-14bn of new order target in 2013, increased by 18-27% against that for this year."

Yang said "Daewoo secures a total of seven optional drillships for 2013, totalling more than $4bn, including Transocean's six additional drillships. Also, Tamar FLNG, valued in around $3bn, is expected in the second half of next year," and added "$1.5bn of Vietnam Block-B platform project is prospected to be materialized in the first half."

He said "Leaving allowances out, Daewoo's operating earnings is rapidly being improved," and estimated "The Korean shipyard will see KRW 3.5trn ($3.26bn) of turnover with operating margin marking 4.7% for this fourth quarter."

Yang added "Daewoo is likely to create stable profits with increasing turnover in offshore sector, during 2013-2014."



Published : December 18, 2012


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[Ship Building] Recovery starts Q3 2013

Recovery starts Q3 2013

Amid shrinking new orders and dropping newbuilding prices, shipbuilding market is expected to start recovering from the Q3 2013 in a short term and from Q3 2014 in a long term.

The Bank of Korea (BOK)'s South Kyungsang Province head office published 'Recent shipbuilding/offshore market trend and its forecast' on December 14 and estimated that shipbuilding and offshore economy will wrap up a long-term depression, which has started after 2007, in around the third quarter of 2014 and turnaround to recover.

Comparing with the forecast from June, due to continued slow recovery of shipbuilding and shipping market, it has been delayed around nine months before the market to recover. Also, international oil prices, which is closely related to investment in offshore plant, lowered.

However, as some small-and-medium sized shipyards are going through restructuring in China, shipbuilding market is expected to recover, which would be an opportunity for Korean shipbuilders.

Meanwhile, Shipbuilding Business Index (SBI)'s circular variation will turn around to rise from the third quarter of 2013.

BOK's South Kyungsang Province head office developed a Shipbuilding Business Index (SBI) in May, using overall 11 indicators as variables, such as fleet tonnage, demolition, orderbook, newbuilding price, BDI, OECD's composite leading indicators, Reuter's Index of commodity prices, international oil price (Dubai), S&P 500 Index, etc.

Also, SBI is divided into secular trend and circular variation, which reflects long term and short term, respectively, of shipbuilding and offshore market trends.


Published : December 18, 2012


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[Marine] Petronas plans offshore investment

Petronas plans offshore investment

Malaysia's state-owned Petronas is said to be planning huge investment in new offshore plant installation and demolition of old ones.

Sources said Petronas was considering to install around 80 offshore plant units, with about 50 units scheduled to be scrapped, over the next several years.

In particular, since Petronas is positive in investment in and cooperation with Korean companies, Korean shipbuilding and offshore industries are expected to gain benefits.

Daewoo Shipbuilding & Marine Engineering, in June, made up a consortium with Technip and booked an 120-mtpa LNG-FPSO from Petronas. Also, Samsung Heavy Industries and JGC is competing with MODEC-IHI-Toyo Engineering-CB&I to win FEED contract on its second 150-mtpa FLNG.

Also, executives from Petronas and large shipyards as well as marine and offshore equipment makers in Korea had a meeting and looked for cooperative measures. Petronas is said to be under investigation of building a global R&D center in Korea, which will promote cooperation in overall offshore-plant industries, ranging from plant design, installation engineering, fabrication, operation, maintenance and to demolition.


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Published : December 18, 2012


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[Marine] Gazprom continues with Shtokman

Gazprom continues with Shtokman

Gazprom continues implementing the Shtokman field development project.

Design and exploration work is underway within the project Phase 2 and Phase 3.

Front-end engineering and design (FEED) documents for the offshore facilities have been elaborated in accordance with the international standards.

Engineering surveys are at their final stage. Preparation of the project documents in compliance with the Russian standards is nearly completed. The documents will be submitted for the state expert review in 2013.

As part of the onshore facilities design development, tender documents have been prepared in order to hold a bidding procedure in 2013 for designing an LNG plant. The LNG plant with the annual capacity of 30 million tons of LNG is planned to be constructed in the Orlovka River valley near the Teriberka settlement.

Gazprom has also submitted for the state environmental expert review the engineering sections of the project documents related to the sea port and the LNG storage facility in the Teriberka Bay.



Published : December 18, 2012


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[Marine] Japanese to win 8.5m GT

Japanese to win 8.5m GT

The Japan Ship Exporter’s Association (JSEA) announced on December 17 that Japanese shipyards contracted a total of 23 export ships of a combined 0.9m gt, up by 17% year-on-year, during November of this year.

Japanese shipbuilders booked 22 bulkers - six handies, eight handymaxes, six panamaxes and two ore carriers - and one asphalt carrier. As for delivering year, deliveries in FY 2013 accounted for 53%, FY 2014, FY 2015 and FY 2016 took 29%, 14% and 4% each.

During the first eleven months of this year, export ships contracted by Japanese shipyards declined by 4% year-on-year to 157 vessels of a cumulative 7.47m gt, which will become around 8.5m gt by the end of the year.

Export-ship delivery, which can be seen from total ships having went through customs, in November dropped by 60% year-on-year to 15 vessels of a combined 0.61m gt.

From January to November, a total of 324 vessels of a cumulative 14.41m gt, down by 7%, have been delivered.

As of the end of November, orderbook for export ship stood at 604 vessels of a combined 27.75m gt (12.38m cgt), declined by around 10m gt from a year ago.



Published : December 18, 2012

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[Marine] 2013 Orders to Grow

2013 Orders to Grow

Korean shipbuilding industries are to win more contracts in 2013, comparing with this year, with major orders for offshore facilities, LNG carriers, etc.

Analyst Yang Hyung-Mo, Taurus Investment & Securities of Korea, said "In 2013, Big3 are expected to book overall 22 drillships, 18 semi-submersible rigs, etc. Including $10.2bn of delayed projects, total amount of production-facility orders is estimated to be around $35bn."

He added "Orders for LNG carriers are prospected to increase up to 32-38 vessels, up by at least more than 15% against this year."

Yang forecasted more than 100 MR PCs would be inked in 2013 and orders for boxship would grow by 81-116% from this year.

He suggested Daewoo Shipbuilding & Marine Engineering as a preferred stake, explaining "With options for seven drillships scheduled to be exercised in 2013, Daewoo also holds a dominant place in Vietnam Block B project and is expected to win at least one FLNG in the second half of the next year."

He selected Hyundai Mipo Dockyard for the next preferred stake, saying "Hyundai Mipo will have the biggest benefits from improving MR PC and medium-sized gas carrier markets. Particularly, medium-sized LPG carrier demand would massively increase in 2013."

Particularly, he added "Hyundai Mipo is expected to win around 38 PCs in the full 2012 and is in talks for more than 40 vessels estimated, just in PC segment."



Published : December 18, 2012


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[Equipment] China marine equip export uptrend

China marine equip export uptrend

Despite extremely depressed global shipping and shipbuilding market, China's marine equipment export, during the first ten months of this year, made a remarkable result.

According to latest report from the general administration of Customs of China, total amount of marine equipment trading during the first ten months of 2012 declined by 4.7% year-on-year to $6.1bn, of them overall export increased by 15.4% to $2.44bn and import dropped by 14% to $3.66bn.

In October alone, China's total amount of marine equipment export stood at $235m, rose by 3.6% year-on-year and declined by $5m month-on-month. Overall import decreased by 15% to $342m, comparing with the same month of last year.

From January to October, China exported to a total of 191 countries/regions, of them Asia accounted for 58% with $1.42bn, while Europe and North America took 16.7% and 13.9% by exporting $407m and $340m, respectively.

China exported more than $100m to overall six countries, including Japan, Hong Kong, the US, South Korea, Germany and Singapore, in order.

Meanwhile, as for import, China imported nearly 90% of marine equipment from Asia and Europe. Overall $2.2bn had been imported from Asian countries, during the first ten months of this year, accounting for almost 60%.

Particularly, China had imported more than $100m of marine equipment from Korea, Japan, Germany, Belgium, the US, Norway and Finland, in order.



Published : December 18, 2012


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