Caterpillar to Build Big Engines in China

Caterpillar will build a US$300 million large-engine manufacturing facility in Tianjin, China, scheduled to be operational in 2013.
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Source: Break Bulk

Posted on 11/24/2010 / 0 comments / Read More

Beluga reshapes its semi-liner services

Beluga Shipping has reshaped its semi-liner services to offer a “more customer-friendly approach” says the line, less than a year after the service commenced.
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Source: Heavy Lift

Posted on 11/24/2010 / 0 comments / Read More

Large part of container fleet on extra slow steaming

Currently, 93 per cent of the Far East–North Europe loops and 80 per cent of the Far East–Mediterranean loops have adopted Extra Slow Steaming, ESS, French Alphaliner estimates.
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Source: shipgaz

Posted on 11/24/2010 / 0 comments / Read More

Wisby Tankers investing heavily – orders two asphalt tankers

Finally it was confirmed, the rumour that has been circling in the market for a while: Wisby Tankers is investing heavily and orders two asphalt tankers on 15,000 DWT each at 3 Maj Shipyard in Rijeka, Croatia.
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Source: shipgaz

Posted on 11/24/2010 / 0 comments / Read More

Shipbuilding major looks towards Yamal LNG

The United Shipbuilding Corporation intends to bid for contracts in the Yamal LNG project.
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Source: Barents Observer.com

Posted on 11/24/2010 / 0 comments / Read More

Containerships collide off coast of Bengal

Two containerships have collided at the entrance to the Hooghly river in West Bengal, India, leaving one of the vessels in danger of sinking.
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Source: ifw

Posted on 11/24/2010 / 0 comments / Read More

Rates still on the slide

Global shipping freight rates out of Asia were down again last week, with prices to Europe sliding almost 2%, compared with two weeks ago, and rates to the US west coast down 3%.
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Source: ifw

Posted on 11/24/2010 / 0 comments / Read More

Dutch firm to pull out ship

Dutch firm Smit-Llyod BV has been engaged to pull the damaged Tiger Spring from the riverbed at the narrow Hooghly Point stretch and salvage the containers the ship is carrying.
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Source: The Telegraph

Posted on 11/24/2010 / 0 comments / Read More

A British warship on patrol off the Somali coast has destroyed a pirate "mother ship", Nato has said.

The HMS Montrose Lynx helicopter spotted the craft during one of her dawn patrols.
Snipers then sank it with heavy machine gun fire "in full view of the pirate camp", a Nato statement said.
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Source: Sky News

Posted on 11/24/2010 / 0 comments / Read More

U.S. Sends Aircraft Carrier for Joint Exercises With South Korea After Deadly Attack

AP

Nov. 24: An aerial view shows destroyed homes on Yeonpyeong island, South Korea, one day after North Korea's artillery attack on the island.

A U.S. aircraft carrier strike group set off for Korean waters Wednesday after President Obama pledged America would stand "shoulder to shoulder" with South Korea and stage joint military exercises in response to what the White House branded a provocative, outrageous attack by North Korea on its neighbor.
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Source: Fox News

Posted on 11/24/2010 / 0 comments / Read More

Five Somalis Convicted in U.S. Court for Piracy

Five men from Somalia were convicted on Wednesday in a federal court in Virginia on piracy and other criminal charges over an April attack on a U.S. Navy ship off the coast of Africa, a Justice Department spokesman said.
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Source: ABC News

Posted on 11/24/2010 / 0 comments / Read More

IMO to amend mandatory fire test code, life boat

Amendments to the International Maritime Organisation (IMO’s) Convention for the Safety of Life at Sea (SOLAS) to make mandatory the International Code for the Application of Fire Test Procedures (2010 FTP Code) and to improve lifeboat release hooks are set to be adopted.
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Source: Compass News

Posted on 11/24/2010 / 0 comments / Read More

Russian shipbuilding education under spotlight at IMarEST lecture

Shipbuilding education in Russia from Peter The Great’s training experience in Holland and England at the end of the 17th century until the present time will come under the spotlight on 15 December, when Professor Kirill V Rozhdestvenskiy DSc CEng FIMarEST delivers the Institute of Marine Engineering, Science and Technology (IMarEST) Gordon Hodge Memorial Lecture.
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Source: World Maritime News

Posted on 11/24/2010 / 0 comments / Read More

Frontline Says Oil Tankers Still Vulnerable as New Tonnage Enters Market

Frontline Ltd., the world’s biggest operator of supertankers, said the market is still “vulnerable” after almost five months of unprofitable rates. The shares fell the most in 2 1/2 months in Oslo trading.
Shipowners cut speeds and idled vessels this year as spot rates plunged as much as 71 percent from January to $25,849 now, according to data from the Baltic Exchange. While the Northern Hemisphere’s winter should spur oil demand, shipping will remain “vulnerable as new tonnage enters the market,” Frontline said, referring to the biggest-ever shipbuilding program.
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Source: Bloomberg

Posted on 11/24/2010 / 0 comments / Read More

Dry bulk market still going strong this week, capesize sector losing steam

The dry bulk market kept its upward momentum yesterday, with the industry’s benchmark, the Baltic Dry Index (BDI) gaining a further 0.64% to end the session to 2,213 points, still way off its year-highs of more than 4,200 points. But, the negative news –if one could assume them as such – was the slight decline of the capesize segment, which lost 1.50% yesterday. On the upside was the Panamaxes strong gains of 3.88%, which comes to show that last week’s downfall was a bit too much.
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Source: Hellenic Shipping News

Posted on 11/24/2010 / 0 comments / Read More

Brazil shipbuilding targets world No.2

Brazil's shipbuilders went on to proclaim recapturing the top of the world's shipbuilding industry. This is their ambitious plan to recreate the glory of winning the world No.2 position after Japan in the world's shipbuilding industry in the 1970s.
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Source: Asiasis

Posted on 11/24/2010 / 0 comments / Read More

HHI's order strike for next year

Hyundai Heavy Industries (HHI), which rejected to receive new orders for low price newbuildings, showing a passive attitude towards winning new orders this year, is expected to assume an active form in winning fresh orders for higher value-added containerships, LNG carriers and offshore plants from next year.
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Source: Asiasis

Posted on 11/24/2010 / 0 comments / Read More

DryShips Strikes Deal With South Korean Shipyard

DryShips said Tuesday it has inked a deal with a major South Korean shipyard for the option to construct four ultra deepwater drillships.
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Source: Fox Business

Posted on 11/24/2010 / 0 comments / Read More

Offshore Rig Orders End Drought

Since the start of October, drilling companies have ordered at least 17 new rigs, a wave of spending that signals optimism oil prices will remain high and producers will continue to demand the latest advances in equipment as they tap increasingly hard-to-reach offshore reservoirs.
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Source: Wall Street Journal

Posted on 11/24/2010 / 0 comments / Read More

Russia Buys 50% of STX Shipyard in Helsinki, Interfax Reports

OAO United Shipbuilding Corp., Russia’s state-controlled shipbuilder, bought 50 percent of an STX Europe ASA shipyard in Helsinki for 150 million euros ($200 million), Interfax reported, citing the Russian company.
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Source: Bloomberg

Posted on 11/24/2010 / 0 comments / Read More

$2.8bn high-tech shipyard opens

The Erhama bin Jabir al-Jalahma Shipyard has been designed for the repair and maintenance of very large LNG carriers and a wide range of other vessels.
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Source: Gulf Times

Posted on 11/24/2010 / 0 comments / Read More

Drydocks World delivers Jack-Up platform Swift 10

Drydocks World has announced the delivery of Jack-up platform Swift 10 to Swift Drilling BV. Swift Drilling BV is a joint venture between Cofely Oil & Gas BV and Jack-Up Barge BV. The contract was valued at AED. 89.3833 million.
The specialized jack up platform was built at Drydocks World's yard in Nanindah, Indonesia. The new jack up rig expected to be deployed in European waters involved in energy and wind farm installations and related activities. An additional unit JB-117 is undergoing construction in Graha, Indonesia.

The mono-hull self elevating platform is built and equipped for easy start up of marine energy projects. Classified by the American Bureau of Shipping, the barge has a 1750 tonnes capacity and is 67.4 m long and 40 m wide. The mooring system consists of four 40-tonne line pull, electric driven and four 6-tonne Delta Flipper anchors. The barge is equipped with an 80-tonne capacity offshore crane and a heli deck with a 19.5 m diameter.

Khamis Juma Buamim, Chairman, Drydocks World and Maritime World "Drydocks World has made its presence felt in the offshore conversion and construction in the oil and energy sector markets quite rapidly. We are happy that our services are being increasingly relied upon by key industry players, which highlight our engineering and construction capabilities to support marine, offshore and wind energy installations. We are here to fulfil the wide ranging industry requirements for Jack-Up platforms and rigs and we have proven expertise, which makes us a preferred choice,"
Source: Press Release

Posted on 11/24/2010 / 0 comments / Read More

Bharati Shipyard boosts order book with Tebma buy

Bharati Shipyard Ltdacquired Chennai-based loss-making Tebma Shipyards Ltd, buying a 51% stake for about Rs.76 crore. Investors cheered this development and Bharati’s stock rose by 4% to Rs.239 per share, on a day when the Bombay Stock Exchange’s (BSE) Sensex declined by 1.3%. Bharati Shipyard will acquire this stake by buying new equity shares of Tebma Shipyards at Rs.19.20 per share.
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Source: live mint.com

Posted on 11/24/2010 / 0 comments / Read More

Japan warming up to solar power exports

A scorching desert in Tunisia provides a site that symbolizes the end of the "cold shoulder" treatment the Japanese government has given to Japan's solar thermal power industry.
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Source: asahi

Posted on 11/24/2010 / 0 comments / Read More

Vietnam PM admits shipping scandal responsibility

Vietnam's Prime Minister admitted government failures Wednesday in the case of state-run shipping group Vinashin, which has been driven to the brink of bankruptcy ahead of a key Communist Party Congress.
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Source: AFP

Posted on 11/24/2010 / 0 comments / Read More

Breakthrough subsea deal for Aker Solutions

Aker Solutions has secured an important contract to supply heating systems for the subsea pipelines that Technip will deliver and install for the Goliat field in the Barents Sea. Contract value is approximately NOK 80 million.
Direct electrical heating (DEH) of pipelines is a technique used to avoid hydrate and wax formation in pipelines used for transport of oil between the manifolds on the seabed to the offshore facility. Heating up the pipeline will prevent it from becoming blocked due to hydrate formation during shut-down periods thereby minimising the use of chemicals and optimising the shut down periods.
"The simplified explanation is that we are attaching cables to the subsea pipelines. The oil from the wells may freeze and create a plug in the pipeline if the production stops. The current from the cables heats the pipelines and the oil content so that it remains viscous until production can start again," says Tove Roskaft, senior vice president for umbilical technology, Aker Solutions.
"We have developed this system based on our market leading subsea umbilical technology, with support from oil companies who want this product. The combination of deeper waters, longer transportation distances and more complex reservoir conditions will drive the need for flow assurance technologies like our DEH-system." Aker Solutions has previously successfully installed its DEH-system at a development offshore West Africa.
"Technip as the installation contractor already has a long track record in DEH installations. We look forward to working with Technip on the Goliat project. We will work hard to make it a success, which will open up new and exciting markets for this technology," concludes Roskaft.
The DEH cables will be assembled at Aker Solutions cable and umbilical facility in Moss, Norway. Final deliveries will be made in Q2 2013.
Source: Akers solution

Posted on 11/24/2010 / 0 comments / Read More