Tuesday, June 19, 2018

South Korea News

Photo: MAN Diesel & Turbo

Marine Propulsion Market Poised for Growth -Report

The marine propulsion engine market was valued at $9 billion in 2015 and is projected to reach $12 billion by 2022, growing at a CAGR of 4.1 percent from 2016 to 2022, according to a new report published by Allied Market Research. Diesel propulsion system segment is expected to maintain its dominance throughout the forecast period. Asia-Pacific accounted for the highest share of 51 percent in 2015, and is anticipated to maintain this trend. Increase in production and sales of ships globally and rise in international seaborne trade drives the market growth.

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.

Photo courtesy of Becker Marine Systems

Becker Marine Systems Eyes Growth in Asia

Becker Marine Systems says it is continuing its successful entry into Asian countries such as China, Japan and South Korea, despite an ongoing crisis in the shipbuilding industry. Now the Hamburg-based company is opening a branch office in Kobe, Japan, and has formed a manufacturing partnership with Murakami Iron Works for producing containership rudders. Becker Marine Systems has had a presence in the Asian maritime industry for decades. Recently the company delivered the largest flap rudder in the world.

Photo: Hydrex

Underwater PBCF Installation in South Korea

Last month Hydrex installed Propeller Boss Cap Fins (PBCF) on a 289-meter tanker during the vessel’s stop in Mokpo, South Korea. A Propeller Boss Cap Fins (PBCF) can recover energy loss of a propeller hub vortex in the propeller’s backward flow. This decreases fuel consumption by 5% when operating at the same speed, or boosts speed by 2% with the same fuel consumption. A clear explanation of the benefits of installing a PBCF can be found here. By performing the operation on-site and underwater, the tanker’s owner could immediately benefit from the system’s fuel savings.

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.

First LNG ship-to-ship operation in the port of Zeebrugge (Photo: Port of Zeebrugge)

Ship-to-ship LNG Bunkering Starts in Port of Zeebrugge

The bunkering vessel ENGIE Zeebrugge performed in the port of Zeebrugge, Belgium, its first deliveries of liquefied natural gas (LNG) as a marine fuel to M/V Auto Eco and M/V Auto Energy, the two new gas-propelled pure car and truck carriers (PCTCs) of UECC. The LNG bunkering operations were conducted simultaneously while cargo operations for PCTCs were taking place. ENGIE Zeebrugge, which is the world’s first purpose-built LNG bunkering vessel, arrived in Zeebrugge at the beginning of April after delivery from Hanjin Heavy Industries & Construction Co.

(Photo: ABB)

ABB’s Azipod Writes History in the Arctic

Sovcomflot’s liquefied natural gas (LNG) carrier Christophe de Margerie made the world’s first-ever crossing of the Northern Sea in late August without the aid of an ice-breaker. The record-setting vessel is powered by ABB’s advanced Azipod electric propulsion technology. The 172,600 cubic meters Arctic LNG tanker, which features a lightweight steel reinforced hull, is the largest commercial ship to receive Arc7 certification, and is capable of travelling through ice up to 2.1m thick.

Photo: Wärtsilä

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.

S. Korea plant opening: Photo Shell Lubrication

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…

(Photo: GE)

Partners to Boost Australian Navy Fleet Performance

GE and CSIRO’s Data61, Australia's data innovation network, have developed a data analytics solution that will give the Royal Australian Navy greater insights into their fleet engine performance and enhance operational efficiency. GE supplies the Royal Australian Navy with its LM2500 gas turbines that power the Anzac, Adelaide, Canberra and Hobart class vessels. CSIRO’s Data61 has developed an application that will process data from GE engines captured from sensors and use advanced analytics to identify where improvements can be made.

Photos courtesy of ABB

52 MW of ABB Azipod Propulsion Power Destined for South Korea

Ice class Azipod units ready for month long voyage from Helsinki to Asia. Pictured at Vuosaari habor on the outskirts of Helsinki, these four Azipod units are destined for shipyards in South Korea – a journey which will take approximately one month. The four thrusters have a combined power of 52 MW and will be fitted to an LNG tanker for the Yamal project and an arctic oil tanker. ABB is celebrating the 25th anniversary of the first installation of an Azipod unit, which has gone on to lead the podded electric propulsion market.

ohn C. Pfeifer, President - Mercury Marine. Photos: Mercury Marine

Interview: John C. Pfeifer, President - Mercury Marine

Mercury Marine was in New York City earlier this year offering test drives for select engines and control systems. While in town, John C. Pfeifer, President - Mercury Marine, sat down with Maritime Reporter & Engineering News to discuss marine technology development that is driving his company further, faster into emerging commercial growth opportunities globally. Barreling down the Hudson River at nearly 80 mph in a 39-ft. Cigarette boat powered by four 350-hp Mercury Marine Verado outboard engines tends to leave an impression. More impressive?

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"…

First Daegu-class frigate for Korean Navy Photo Rolls Royce

First Daegu-class Frigate Delivered to Korean Navy

The Republic of Korea Navy (RoKN) has taken delivery of its first Daegu-class (FFX-II) frigate. South Korea’s defense procurement agency, Defense Acquisition Program Administration (DAPA) formally handed over the ship to the Navy, the first of an eight-ship program. As well as the controllable pitch propellers, Rolls-Royce is on contract to provide the main propulsion power for the first four FFX-II ships with the Rolls-Royce MT30 gas turbine as part of a hybrid propulsion system, specifically designed to enhance Anti-Submarine Warfare capabilities.

The tankers will feature a Wärtsilä VOC recovery module that will eliminate VOC emissions and enable notable fuel savings. Photo Wartsila

Wärtsilä VOC Recovery for AET Tankers

Wärtsilä will supply its Volatile Organic Compounds (VOC) recovery technology, LNG fuel gas handling systems and the auxiliary engines for two new shuttle tankers being built for Singapore based AET Tankers at the Samsung Heavy Industries shipyard in South Korea. The order, worth in total more than $37 million, was booked in January 2018. The ships will operate on Liquefied Natural Gas (LNG) as the primary fuel, but VOC – the gas evaporating from the oil cargo tanks – will also be utilised as fuel by mixing it with the LNG, thereby reducing the vessels’ bunkering needs.

© anekoho / Adobe Stock

Singapore's Bunker Market Rallies

The Singapore fuel oil market has rallied this week as inventories have dropped at the same time that some supplies in the region do not meet the standards for use as shipping fuel, further reducing the amount of supply available, five trade sources said.Cash premiums for 380-centistoke fuel oil, which is primarily sold for ship fuel, known as bunker fuel, have soared this week to the highest since May 2017. The premium of the prompt-month swap for the fuel over the second-month swap has jumped to the highest since October…

Sungho Hong, Vice President of SoungJin Marine Co. Ltd with Cox Powertrain’s Global Sales Director, Joel Reid at Miami International Boat Show 2018 Photo courtesy SoungJin Marine Co. Ltd

Cox Powertrain Appoints Asian Distributor

British diesel outboard manufacturer Cox Powertrain has signed an agreement with SoungJin Marine Co. Ltd. to act as distributor for its 300hp diesel outboard engine in South Korea.SoungJin Marine Co. Ltd has over 30 years‘ in distributing outboard motors and boat accessories. The South Korean company is the first Asian distributor to be confirmed by Cox Powertrain."We are delighted to have secured the contract and becoming the first Asian distributor for the most innovative diesel outboard engine in the world," said SoungJin Marine Co.

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.