Motorship News – Page 799
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Chinese yards resume sales drive
It seems that following in the footsteps of their South Korean counterparts, Chinese shipyards have resumed marketing activities for newbuildings. Major yards in South Korea had, this spring, reactivated sales drives for newbuildings offering delivery slots made vacant as the result of their accepting owners' requests to postpone deliveries of ...
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Gloomy forecast for bulker orders
Shipping lines will most likely be unable to raise rates above break-even levels in the next two or three years, analysts at the Credit Suisse Group have said. The Baltic Dry Index has fallen drastically as the global recession saps demand for shipments of iron ore, grain and other commodities. ...
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Chinese shipbuilders move to stem losses
Chinese shipyards are charging penalties to international owners who wish to defer delivery of new ships and are filling the resulting spare capacity with cut-price domestic contracts. At this stage the strategy cannot be confirmed but appears to follow similar moves to soak up excess shipbuilding capacity in decades past. ...
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Thick steel plate guidelines
ABS has issued a new guide intended to provide supplementary requirements for the application of higher-strength, thick steel plates, greater than 51 mm, within the structure of large container carriers. The requirements in the Guide for Application of Higher-Strength Hull Structural Thick Steel Plates in Container Carriers are based on ...
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Battle of the giants
South Korea's big three shipbuilders, namely Hyundai, Samsung and Daewoo, are competing for the massive LNG-FPSO order to be placed by Royal Dutch Shell. The front-end engineering and design (FEED) contract for the vessel will be awarded no later than July and the shipbuilder who will win the contract will ...
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BG, CNOOC order LNG carriers
BG Group, a major British energy company, will construct two LNG carriers jointly with China National Offshore Oil Corp. (CNOOC) for assignment to the Queensland Curtis LNG (QCLNG) project it is now developing in Australia. The two LNG carriers, to be owned jointly by the two parties, will be built ...
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Oshima to develop 3D design system
Oshima Shipbuilding in Japan will launch a project to develop a sophisticated three-dimensional (3D) computer-aided "upstream" shipbuilding design system specifically geared for the primary process from basic planning to basic design following the conclusion of a newbuilding contract. Two engineering firms, CIM Creation and SEA Systems, will be taking part ...
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New marine research vessel for Australia
The Australian Government has dedicated A$120 million ($91.11 million) towards building a new marine science research vessel. The new 85-metre vessel will replace the almost 40 year old ?Southern Surveyor? and will be custom designed to accommodate 30 scientists. The vessel will be funded for 300 days a year at ...
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LR approves first IHM
Wallenius Marine AB has attained a Lloyd's Register (LR) approved Inventory of Hazardous Materials (IHM), also known as a Green Passport, for its car and pure truck carrier ?Tristan? demonstrating an ongoing commitment to safeguarding the environment and early compliance with the new Ship Recycling Convention.The Ship Recycling Convention (IMO ...
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Amur returns to state ownership
Russian prime minister Vladimir Putin announced that the landmark Amur shipyard in the far east of the country is to be taken back into state hands. Putin announced the transfer of a 59% stake to the state-owned United Shipbuilding Corporation (USC) at a meeting with management and workers at the ...
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Asian navy buildup boosts shipyards
The governments of Japan, Korea and China are set to come to the rescue of many big, well established yards once again during the downturn, and this time not through subsidies, but huge investments in navies. Agence France Presse quotes naval consultancy AMI International, whose analysts are forecasting that Asian ...
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Poland sells Gdynia
Poland has sold one of three historic shipyards which were the focus of a subsidy battle with the EU. Treasury minister Aleksander Grad said the yard at Gdynia on Poland's northern Baltic coast had been acquired by United International Trust, which in its tender had pledged to continue producing ships ...
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Chinese shipbuilding has price advantage
China's shipbuilders have a price advantage at present compared with rivals in Korea and Japan, since heavy steel plates in China are 18% cheaper than those in Japan and 19% cheaper than Korea. The purchasing of ship plate takes up some 20% of shipbuilding cost, thus helping China's shipbuilders lower ...
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NITC VLCC order faces rough passage
The credit crisis together with US efforts to tighten sanctions is hampering efforts by National Iranian Tanker Co (NITC) to order 12 VLCCs which the company want for delivery in 2012. A shipbuilding source says NITC wants direct ownership of the tankers but moves by the US to firm up ...
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WSS liferaft service station fully operational
Wilhelmsen Ships Service (WSS) says its liferaft service station in Germany has been fully operational since 1 April. It is conveniently situated between the ports of Hamburg and Bremerhaven at the WSS premises in Sittensen. The station is certified to service all Unitor branded rafts and is also fully stocked ...
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Recovery could take 3 to 4 years
It would take three to four years for commercial ship newbuilding orders to pick up again, according to a securities house's forecast. Daishin Securities said newbuilding recovery would need two additional years even after the global economic downturn ends as the massive newbuildings on order should be absorbed into market.It ...
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BHP talk Capesize
According to a number of shipbuilding and market sources, BHP Billiton appears to have sounded out a Capesize bulker order with shipyards in Japan, South Korea and China. It is believed that the company intends to procure a new type of ship that has a draught that is 16.5m, shallower ...
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K Line delays deliveries
K Line president and chief executive Hiroyuki Maekawa said that the company had delayed close to 10% of the 155 ships it has on order. The delays are focused on the containership and car carrier segments which have been particularly hard hit the global economic crisis as consumer demand has ...
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Koreans join Venezuela yard renewal
Recently, AHO Group, a South Korean shipbuilding consulting firm has signed a contract to rebuild and expand Astinave Shipyard in Venezuela with PDVSA Naval for some $600m. Sungdong Shipbuilding also from South Korea, inked a memorandum of understanding with AHO on providing shipyard construction and shipbuilding technology consultation and advice ...
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Sustainable shipping nominations sought
The deadline for nominations for the Sustainable Shipping Awards 2009 is now just days away. The event will be held in London on 15 July 2009. Backed by BIMCO, INTERTANKO, RINA and the World Wildlife Fund, the awards ceremony will be compered by BBC environmental analyst, Roger Harrabin. The Sustainable ...
