U.S. Coast Guard Awards ESG with Phase II OPC Contract
The U.S. Coast Guard awarded a contract to Eastern Shipbuilding Group, Inc., of Panama City, Florida, Thursday for the production of the lead Offshore Patrol Cutter (OPC) and up to eight follow-on cutters. The total award was valued at $110.29 million. The contract has a potential value of $2.38 billion with options to produce nine cutters. The OPC acquisition will replace the service’s aging fleet of medium endurance cutters, some that are in excess of 50 years old. Each OPC will feature a flight deck and advanced command…
Cochin Shipyard Gears Up for IPO
India’s biggest shipbuilder under state control, Cochin Shipyard Ltd (CSL) is looking to file documents for its initial public offering (IPO) with the markets regulator by the end of this month, reports Live Mint. According to sources, CSL is all set to file documents for its IPO of Rs 600 crores ($90 million) with the Securities and Exchange Board of India (SEBI). The plan is part of its effort to expand and construct larger vessels and also undertake ship repair and fabrication. In addition, the government will sell 10% of its stake through the IPO.
Newbuild Contracts at Lowest Level in 20 Years -BIMCO
Shipyards have become the next victim of the deteriorating conditions in the dry bulk, container and offshore markets as 2016 looks to set the record for the lowest newbuilding contracts in more than 20 years, according to international shipping association Baltic and International Maritime Council (BIMCO). After a decline from 2010 to 2012, shipbuilding had a rebound in 2013 and was expected to level out over the next few years. The reality was a slight decline in 2014 and 2015, but still high levels of contracting measured by compensated gross tonnage (CGT).
Japanese Yards Mull Shipbuilding Alliance
Four major Japanese shipbuilders are in discussions to form an alliance in hopes of riding out the industry slump. Mitsubishi Heavy Industries, Ltd. (MHI) announced in a press release today that it has entered talks with Imabari Shipbuilding Co., Ltd., Oshima Shipbuilding Co., Ltd. and Namura Shipbuilding Co., Ltd. “The move toward forming these alliances targets the integration of MHI's strengths in shipbuilding technology and engineering with the three prospective partners' manufacturing capabilities and cost competitiveness,” MHI said.
Five Vessels Delivered for Qatar’s New Port Project
Nakilat Damen Shipyards Qatar (NDSQ) has delivered five vessels as part of an 11-vessel order for New Port Project (NPP). Built entirely at the Erhama Bin Jaber Al Jalahma Shipyard in Ras Laffan Industrial City, the vessels were launched and delivered to NPP after successful completion of their sea trials. Measuring 15.4 meters long with a beam of 5 meters and a speed of 25 knots, the two Damen Stan Pilot 1505 pilot boats Um Alhoul 1 and Um Alhoul 2 will be used to carry out pilot duties and the transportation of personnel.
BG Freight Line Orders Four Containerships
BG Freight Line, a fully owned subsidiary of Peel Ports Group, is to receive new tailor-made short sea container feeder vessels optimized for the company’s Irish Sea Hub services. The new class of ‘green’ vessels has been developed by BG Freight Line operation with ARKON Shipping as project initiator/commercial manager, technical managers Jüngerhans Maritime Services and designers CIMC ORIC. BG Freight Line will take delivery of four sister vessels under long-term charter after delivery from China’s Zhoushan Changhong International Shipyard, with them expected to enter service during 2018.
Austal JV Wins First Ferry Contract
Aulong Shipbuilding, a joint venture company formed by Austal Limited and Guandong Jianglong Shipbuilding of Zhuhai, China, has won the first ferry contract to build a 42 metre high speed aluminium ferry for Chinese mainland operator Blue Sea Jet. Less than two months after the announcement of the joint venture, Aulong Shipbuilding has been awarded a A$10 million (RMB49.99 million) contract to design and build the ferry. The contract was awarded following a competitive evaluation based on product performance, price and commercial terms.
New Deck Carrier Joins United Heavy Lift Fleet
J.M. J.M. Baxi Group, a 100-year-old group of companies specializing in maritime logistics and port infrastructure, has commissioned United Heavy Lift for the commercial management of its newly constructed deck carrier, the MV Vir Varenya. The heavy-lift module carrier has now been added to the charter fleet of United Heavy Lift, and is managed globally from the company's head office in Hamburg. United Heavy Lift, which specializes in project transportation and the commercial management of heavy cargo vessels…
MarAd Stresses Economic Impact of Shipyard Jobs in NE
In comments before the international Tradewinds Ship Owners Forum in New York City, Maritime Administrator Paul “Chip” Jaenichen highlighted the more than 42,700 jobs, $3.6 billion in labor income and $4.78 billion in GDP associated with employment for shipbuilding and repair in the northeast region. “American shipyards provide a dependable, highly trained workforce that produce, repair and maintain some of the world’s most modern and innovative vessels. Their efforts ensure our…
SHIPLYS to Advance Ship Design, Production Process
The European Commission has granted 6.2 Million Euros ($6.9mln) for a new research project called SHIPLYS (Ship Lifecycle Software Solutions). The project gathers a team of 12 leading maritime companies and research facilities from several European countries in order to develop simulation and modelling tools that will minimise the time and costs involved in ship design and production. Calculation and modelling tools currently used to overcome these needs are difficult to use and time consuming, especially for SMEs.
Carnival Signs MOA for First New Cruise Ships Built in China
Carnival Corporation & plc has announced that its cruise joint venture in China has signed a non-binding memorandum of agreement (MOA) to order the industry’s first new cruise ships built in China for the Chinese market. The MOA is subject to several conditions including closing of the joint venture, financing and other key terms. As part of the new MOA, Carnival Corporation’s cruise joint venture in China agreed to order two new cruise ships to be built by a newly formed China-based shipbuilding joint venture between China’s largest shipbuilder…
Germany's DST Bags IWAI Contract for Designing Special Vessels
With its objective of providing safe, environment friendly and economical mode of transportation through National Waterway-1 (NW-1), the Inland Waterways Authority of India (IWAI),Ministry of Shipping signed a contract with DST, Germany to design vessels, especially suited to navigate the 1620 km stretch of NW-1. Speaking on the occasion a senior IWAI official said it is a revolutionary step and a milestone in the journey of NW-1. “The objective of IWAI is to go along with nature and disturb the river minimally.
Indian Oil Giant May Scrap LNG Vessel Tender
GAIL India, largest state-owned natural gas processing and distribution company in India, will likely scrap the tender for hiring LNG ships after failing to negotiate acceptable terms with bidders in what would hurt India's ambition to build high-tech LNG carriers at home under the Make in India programme, reports the Economic Times. The oil marketing giant had issued a tender last September seeking to charter at least 9 LNG vessels to bring home from the US up to 5.8 million tonne of gas annually from early 2018.
Vard Design for USCG OPC Program
Vard Holdings Limited said a design developed by its subsidiary Vard Marine was selected for the U.S. Coast Guard’s new Offshore Patrol Cutter (OPC) program. Eastern Shipbuilding Group and team partners were selected for the detailed design and construction phase for the U.S. Coast Guard’s Offshore Patrol Cutter (OPC) program. Based in Canada and the US, Vard Marine offers ship design, engineering, and shipbuilding technology services to the marine community in North America and to selected international markets.
Horizon Named an Alabama Top Innovator
Horizon Shipbuilding, Inc. of Bayou La Batre, Ala. has been recognized for its Outstanding Achievement in Innovative Manufacturing by the Economic Development Partnership of Alabama for the shipbuilder’s GORDHEAD management software, which aims to improve communication between shipbuilders and other manufacturers. With GORDHEAD the owner’s representative remains integrally connected to the project 24 hours/day, seven days/week. The entire shipbuilding team, including the owner, sees a real-time schedule, complete with task percent completes and the overall scheduled finish date of the project.
Ingalls Names Nastasi Director of Communications
Kimberly Nastasi has been named director of communications at Huntington Ingalls Industries’ (HII) Ingalls Shipbuilding division. She will report to Jim McIngvale, who was recently named director of communications and public affairs. Prior to joining Ingalls, Nastasi served as the chief executive officer of the Mississippi Gulf Coast Chamber of Commerce and the executive director for the Mississippi Gulf Coast Chamber of Commerce Foundation. She also served as an adjunct professor at the Mississippi Gulf Coast Community College for eight years.
Seaspan Hosts Atlantic Canada Industry Day
More than 100 people representing over 70 companies attended Seaspan Shipyards’ second annual Atlantic Canada Industry Day hosted in Halifax today. During the session, attendees received an update on Seaspan’s progress on its National Shipbuilding Strategy (NSS) Non-Combat package of vessels and associated supply chain opportunities. “Through the National Shipbuilding Strategy, Seaspan has embarked on many years of sustained shipbuilding on the West Coast that is already delivering results to Canada…
Marco Polo Appoints Adviser for Business Review
Singapore's Marco Polo Marine Ltd, whose business includes building and chartering ships, said it has appointed KPMG Services as an adviser to conduct an independent business review of the company. The company, which has S$50 million ($37.19 million) worth of notes maturing on Oct. 18, said it would hold an informal meeting with holders of the notes on Sept. 13 to present KPMG's review and discuss various options in connection with the notes. Marco Polo is one of several companies in Singapore's offshore and marine sector whose financial results have been hit by the slump in oil prices.
Berth and Billions: Cruise Business Powers European Yards
In a historically weak contracting environment the cruise sector has seen a strong level of newbuild ordering and investment in the year to date, says a research report by Clarkson. Cruise lines have continued to expand their fleets, with new markets such as China in their sights. While a number of yards have benefitted from this firm level of newbuilding activity, they have all been European and the region remains dominant in the cruise sector. In the first seven months of 2016…
Heesen New Yachts for Sale, Delivering March 2017
Heesen Yachts from Dutch shipyard are for Sale. The two boats are currently in-built on spec and delivering in March 2017. Undoubtedly these highest quality new construction vessels are available in the shortest time frame on the market today. Similarly boats represent projects can be started immediately based upon build-spot availability. Delivery times range from 30—42 months from contract signing. New 47 meter (154.2’) steel displacement with Bannenberg and Rowell interior design, sistership to LADY PETRA and ELENA.
McIngvale to Lead Ingalls Communications, Public Affairs
Huntington Ingalls Industries’ (HII) Ingalls Shipbuilding division has named Jim McIngvale director of communications and public affairs. Ingalls has combined its communications department and its government and community affairs department into a single organization called communications and public affairs. The new department will be responsible for Ingalls’ brand and image, both inside the shipyard and in the community. It will manage all internal communications programs, special…
Newport News Names Dunn VP of Communications
Huntington Ingalls Industries’ (HII) Newport News Shipbuilding division has promoted Jennifer Dunn to vice president, communications, effective immediately. She will report directly to HII Executive Vice President and Newport News Shipbuilding President Matt Mulherin and align all external communications with Jerri Dickseski, HII’s executive vice president, communications. Previously serving as director, communications, for Newport News, in this new role Dunn will continue leading the development and execution of the shipyard’s communications strategy to include special events…
Euroseas Signs an Addendum Shipbuilding Contract with YJZ Yard
Euroseas Ltd., an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, has announced certain developments related to its newbuilding program. The Greek liner has signed an addendum to its shipbuilding contract with YJZ Shipyard for the construction of Kamsarmax vessel Hull Number YZJ 1153 scheduled to be delivered during the first quarter of 2018. According to the addendum, the Company acquired the option until December 31…
DSME to Build Two VLCCs for BW Group
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has received a 200 billion won (US$179.2 million) order to build two oil tankers for Singapore-based oil and gas transporter BW Group. According to Yonhap, DSME will provide the oil and gas transporter two 318,000-ton Very Large Crude Carriers (VLCCs) by 2018. The BW Group has ordered a total of 63 ships from Daewoo Shipbuilding and has received 53 so far. This is the 10th order DSME has won this year, and the total amount has crossed US$1 billion.
133,500-ton Carnival Horizon Unveiled
Carnival Cruise Line has announced that their next and 26th cruise ship in the fleet will be called Carnival Horizon. The 133,500-ton 3,936-passenger ship is currently under construction in the Fincantieri shipyard in Italy. The Carnival Horizon will be the line’s second Vista-class ship and scheduled to be delivered in March 2018. “The name Carnival Horizon not only reflects the ship’s unique connection with the sea with so many spectacular indoor and outdoor spaces but also the boundless array of options that guests of all ages are sure to enjoy…
Russia: 6th Yasen-Class Nuclear Sub
Russia's sixth Yasen-class nuclear submarine will be laid down at the Sevmash ship-building company in the city of Severodvinsk on July 29, reports RIA Novosti. The Navy currently possesses one Yasen-class submarine, the Severodvinsk, with four more vessels of this class under construction and two, including the Perm, yet to be laid down. "The submarine will be called 'Perm.' The laying down of the vessel is timed to take place close to the Navy Day, celebrated on July 31," the newspaper said quoting source.
VesselValue.com: $28.4B Worth of Ships Delivered to Date
As the calendar now indicates we have passed the half year mark on 2016, VesselValue.com offers insight on the number and value of all the 2016 built vessels that have been delivered so far vs how many are still yet to be delivered. To date $28.4bn worth of vessels have been delivered however there is still $43.8bn is left on the orderbook. -- LPG deliveries are on track for the year, with 50% of the 2016 orderbook having been delivered (worth $3.0bn). -- There is still 80% of the OSV orderbook still undelivered, valued at $5.5bn.
Damen Fishery Research Vessel for Angola
The Damen Shipyards Group has received an order for a state-of-the-art, 74 m Fishery Research Vessel from the Angolan Ministry of Fisheries. This special vessel, which has Silent-A/F/R Class notation and features a basic design from Skipsteknisk. The Angolan Ministry of Fisheries has been a customer for many years and previously Damen delivered two 62 m Fishery Inspection Surveillance Vessels 6210 and a smaller Fishery Research Vessel (FRV 2808). This vessel represents the cutting…
India Govt Subsidy for Ship Building Industry
Maritime Agenda 2010-20 has inter-alia set a target to increase percentage share of India to 5% in global ship building and 10% share in global ship repair for India by 2020. The Government of India had earlier extended shipbuilding subsidy scheme to all Indian shipyards on 25th October 2002. The scheme expired on 14th August 2007. Government decided in March 2009 to make payments for shipbuilding subsidy for shipbuilding contracts signed upto 14th August 2007 for which budgetary provision was made upto 31st March 2014.
HII Names Leonard a Corporate Director
Capt. Joseph J. Leonard (U.S. Navy, Ret.) has joined Huntington Ingalls Industries (HII) as corporate director of customer affairs, large surface combatant program, the shipbuilder announced. In his new role, Leonard will provide solutions in the development and implementation of customer-focused activities for HII’s surface ship programs. He will work in HII’s Washington, D.C., office and will report to Dan Holloway, corporate vice president, customer affairs. Prior to joining HII…
C. Raymond Hunt Associates Celebrates 50 Years
C. Raymond Hunt Associates, a boat design firm that continues to expand on the legacy of its founder, C. Raymond Hunt, to produce innovative boats with rugged seaworthiness, is now celebrating its 50th year. “Ray Hunt was a genius, able to intuitively know how boats work and with the courage to experiment,” said C. Raymond Hunt Associates President, Winn Willard. “We have taken Ray's ideas and applied them, honing our expertise and knowledge from the days of the early deep-v hulls. Now we have an 11-meter RIB on virtually every large ship in the U.S.
Navig8 Acquires Chemical Tanker from STX
Navig8 Chemical Tankers Inc (the “Company”) (N-OTC: CHEMS), an international shipping company focused on the transportation of chemicals, today announced that it has taken delivery of the Navig8 Topaz, a 49,000 DWT IMO2 Interline-coated chemical tanker, from STX Offshore & Shipbuilding Co., Ltd. (“STX”). The Navig8 Topaz is the second STX vessel to be delivered under the sale and leaseback arrangements entered into with Ocean Yield ASA (“Ocean Yield”) announced on April 1, 2015.
Hyundai Bags NZ Defence Order
Hyundai Heavy Industries (HHI), the world’s largest shipbuilder, has won an order to build a 23,000 ton class logistics support vessel for New Zealand Defence Force’s Maritime Sustainment Capability (MSC) project. HHI was selected as a preferred bidder in December 2015. HHI will deliver the logistics support vessel to New Zealand by the end of 2019. Under the MSC project, the Royal New Zealand Navy (RNZN) plans to replace its replenishment tanker HMNZS Endeavour to maintain replenishment capability for the New Zealand Defence Force.
LNG: Did the Greeks Get it Wrong?
In December 2013, Alibra’s market report front page read: “When in shipping, do as the Greeks do.” At that time, Alibra was referring to the fact that 31% of the LNG carrier orderbook had been ordered by Greek owners. Billions of dollars in CAPEX were being pumped into natural gas exploration, as well as building infrastructure such as liquefaction and export terminals, especially in the US. Some 180 LNG carriers were ordered between January 2011 to December 2014 – many of them speculatively. Of these vessels, 52 were ordered by Greek companies (29%).