Korean Yard Delivers First of Six New Ships for Bahri
The National Shipping Company of Saudi Arabia (Bahri) receives the 'Bahri Abha' from South Korea's Hyundai Mipo shipyard. The new ship, of 26,000 dwt, was built especially for the general cargo trade and is the first to be delivered of six vessels that were contracted by the Company with Hyundai Mipo shipyard in 2011 for a total value of SAR 1,543 million. The remaining five general cargo vessels ordered by Bahri are under construction at Hyundai Mipo in South Korea with delivery expected during 2013 and the first half of 2014.
Wärtsilä Re-liquefaction Plants Ordered for Newbuild LNG Carriers
Wärtsilä said it has been awarded contracts to supply its re-liquefaction plants to three new LNG carriers currently under construction. One ship is being built at the Samsung Heavy Industries (SHI) yard in South Korea for the international owner and operator Gaslog. The others are for Norway based Knutsen and are being built at the Hyundai Heavy Industries (HHI) yard in South Korea. The order was booked for the Gaslog ship in April 2017 and for the Knutsen ships in May/June 2017.
South Korean Shipbuilders' Order Book Shrinks
South Korean shipbuilding orders drop 58.6 percent through September 2012. South Korean shipbuilding orders dropped 58.6 percent for the first nine months of this year due to the persistent recession in the global shipbuilding industry, a government report reveals. The drop was attributed to the recession in the global shipbuilding industry. Global shipbuilding orders declined 48 percent to 14.34 CGT over the cited period due to an oversupply of ships and the prolonged global eaconomic slowdown…
Saudi Owners Receive New Chemical Tanker
National Chemical Carriers receive new chemical tanker 'NCC Najeem' from the SHINAsb Shipyard in S. Korea. National Chemical Carriers Ltd. Co. (NCC) of Saudi Arabia, a subsidiary of The National Shipping Company of Saudi Arabia (BAHRI) announce it has received in Korea a new chemical tanker named "NCC Najem" from SHINAsb (previously SLS) of South Korea, as part of nine vessels previously contracted by NCC from this yard during 2006 - 2007. The vessel will be commercially operated by "NCC ODFJELL Chemical Tankers JLT"…
Shell & Hyundai Open S. Korea Base Oil Plant
A joint venture company formed by Shell and Hyundai Oilbank, has inaugurated a new base oil manufacturing plant in Daesan, South Korea. The plant has the capacity to produce approximately 13,000 barrels per day or 650 kilotonnes of API Group II base oils per year. (Base oils are the key component of finished lubricants, making up on average of 60-80% of the end product). Mark Gainsborough, Executive Vice President for Shell Lubricants, said: “As the demand for higher quality lubricants is on the rise in Asia…
BP Order 13 New Tankships
BP Plc confirms an order for 13 of the vessels, 2012’s largest tankship shipbuilding order. According to information obtained by Bloomberg the order, placed with Changwon, South Korea's STX Offshore & Shipbuilding Company, includes three Suezmax ships, each able to hold 1 million barrels of crude, and 10 smaller Aframaxes. BP Shipping Ltd., based in Sunbury-on-Thames, England, manages a fleet of more than 50 vessels that carry crude, oil products and liquefied natural gas. Source: Bloomberg
NSCSA to Buy Ships
The National Shipping Company of Saudi Arabia (NSCSA) announced that the Board of Directors of The National Chemical Carriers (NCCNCC) (one of its affiliates) agreed in their meeting held on December 21, 2010 to sign a contract with SLS Shipbuilding Company of South Korea to purchase (2) Petrochemical tankers for a total price of approximately SAR (322.5) millions with expected delivery during the 1st half of 2011. The company previously signed a contract with SLS to construct these (2) vessels for a total cost of SAR (367.5) million…
Korean Shipyard Delivers Container Ship ‘Hanjin Argentina’
The 3600 TEU container ship, built under the supervision of Navgathi Marine by Hyundai Sambo delivered to Pacific International Lines. Hanjin Argentina is the third of a series of four such vessels ordered by Pacific International Lines of Singapore from the S. Korea shipbuilders. Navgathi Marine is providing the new building supervision services to eight PIL vessels under construction at Hyundai Samho Heavy Industries and Hyundai Mipo Dockyard of South Korea and a site team of Navgathi's is there to manage these projects.
2010 Global and China Marine Diesel Engine Industry Report Available
Thanks to the fast development of shipbuilding industry, recent years have seen stable advancement of marine diesel engine industry. As of 2009, the global market scale of marine diesel engine industry had hit 55.5 million horsepower (equivalent to USD 12 billion). In 2010, the shipbuilding completion worldwide reached 146 million deadweight tonnages, and the minimum market scale of global marine diesel engine industry of the year surpassed 60 million horsepower according to a ratio of 2.2:1.
First VLCC Order with the New G-Type Engine
Greek ship management company Almi Tankers S.A. is set to establish itself as a market front runner with the new ultralong-stroke G-type engine tailor-made for Very Large Crude Carriers. Athens-based ship management company Almi Tankers S.A. will be the first to equip two VLCCs with the very first new 7G80ME-C9.2 engine launched by MAN Diesel & Turbo. The engines will be built by Hyundai Heavy Industries in South Korea with test bed running in January 2013. The vessels will be built at DSME in South Korea, with delivery scheduled for May and December 2013.
Star Bulk Ship Off Hire Following Engine Failure
Greece's Star Bulk Carriers Corp. Star Bulk Carriers Corp. announce that their Star Polaris sustained main engine failure while sailing from the port of Dangjin, South Korea. The ship is currently docked in South Korea where it is undergoing repairs, which are expected to be completed in approximately four months. As a result, Star Polaris has been declared off hire by its charterers. Subject to the completion of an investigation into the cause of the engine failure, the Company…
Ardmore Expands Fleet, Newbuild And Charters
Ardmore Shipping Ltd, the specialist tanker company, today announced that it has taken over the contracts for two newbuild vessels from Hellespont Group and, in a separate deal, has agreed to charter in two vessels from Hellespont. Ardmore, based in Cork, Ireland, has agreed to take over the newbuild contracts on two 17,000 deadweight tonnes (dwt) IMO II chemical tankers from Hellespont. The two as-yet unnamed vessels are currently being built by Sekwang Shipbuilding in South Korea and delivery is expected in April and July 2012 respectively.
Babcock’s LGE Process Enhances Dorian/Seacor LPG Vessels
Dorian/Seacor‘s liquefied petroleum gas (LPG) carriers are to benefit from the latest reliquefaction plant development from Babcock’s LGE Process, following a contract signed last month (May) for the innovative vent gas cooler enhancement to be fitted on two new very large gas carriers (VLGCs) being built for Dorian/Seacor in South Korea, with an option for a possible further three vessels. The latest plant design enhancement (patents pending) from Babcock’s LGE is based on the innovative application of known and proven technology…
LPG Vessels on Order: More & Larger in Size
Rising demand from emerging country economies has prompted owners to order more and larger LPG vessels, according to Drewry. The increased demand has been further improved by a growing consumption base in emerging economies, with supply bolstered by an expected emergence of new export sources, notably the US and the Russia. LPG demand in the so-called saturated markets, such as Japan and South Korea, is also expected to remain robust on the back of government support and increasing consumption in sectors other than the residential sector.
Japan's First High Pressure Fuel Gas System Ordered
Bestobell Marine, part of the President Engineering Group (PEGL), has received an new order to supply its globe and check valves for Japan’s first high pressure fuel gas system that will be installed within a marine vessel. The order will see Bestobell Marine supply a number of its cryogenic globe and check valves to be installed in two sister ships being built by Imabari Shipbuilding Group in Japan for Elcano. Bestobell Marine’s valves are required for the carrier’s MAN ME-GI engines, where natural gas is injected into the engine at over 300bar pressure.
Wärtsilä' Inert Gas Solution for LNG Carriers
Daewoo Shipbuilding and Marine Engineering (DSME) in South Korea has contracted Wärtsilä to supply combined inert gas generators and gas combustion units for 17 new LNG Carrier vessels under construction at the company's yards. The vessels are being built for leading operators in Singapore, Greece, South Korea, Cyprus and Canada. These significant contracts with Wärtsilä were signed in June and September. These will be the first ever units delivered by Wärtsilä that combine inert gas generators (IGG) and gas combustion units (GCU) with high capacity.
Wärtsilä Main Engines Ordered for Nine Kuwait Oil Tankships
Wärtsilä to supply main engines for a series of 9 large vessels being built by Daewoo for Kuwait Oil Tanker Co. Four VLCCs (Very Large Crude Oil Carriers), one Aframax tanker and four medium-range tankers are being built at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in South Korea. The VLCCs will be fitted with 7-cylinder Wärtsilä RT-flex 82T engines and a Waste Heat Recovery System, which utilizes exhaust gas energy to generate steam which is used to operate a turbo generator that produces ship's electricity supply.
Wärtsilä to Supply Main Engines for Kuwait Oil Tanker
Wärtsilä's RT-flex common rail engine technology provides environmental benefits including low fuel consumption and reductions in exhaust emissions. The engine waste heat is utilized to produce onboard electricity. These features help maintaining and operating seaborne transportation in more economical and sustainable ways. Wärtsilä will supply the main engines for a series of vessels being built for Kuwait Oil Tanker Co. (KOTC), a Subsidiary of Kuwait Petroleum Corporation. Four VLCCs (Very Large Crude Oil Carriers)…