Daewoo Wins Aggelikousis Order for 3 Ships
South Korean shipbuilding major Daewoo Shipbuilding & Marine Engineering Co (DSME) said that it has secured a US$380 million order to build three vessels from Angelicoussis Shipping Group (ASGL), the Greek provider of marine shipping services.DSME will build a liquefied natural gas (LNG) carrier for Maran Gas Maritime Inc. and two very large crude carriers (VLCCs) for Maran Tankers Management Inc.Maran Gas Maritime and Maran Tankers Management are subsidiaries of Angelicoussis Shipping Group.According to a report in Yonhap…
GTT Reports Strong H1 Order Book
French liquefied natural gas (LNG) containment system specialist GTT has posted a strong first-half order intake at the end of June corresponded to revenues of 713 million euros over the 2019-2022 period in its core business, which excludes LNG vessel propulsion systems and related services.The order book at the end of June had increased 27.4% year-on-year to 107 units. GTT said in its half-year report that “almost all” of its customers come from Asia, the world’s top LNG consumer.During the first half of 2019…
Keppel Partners GTT on LNG Solutions
Keppel Offshore & Marine (Keppel O&M) has signed a Technical Assistance and License Agreement (TALA) with Gaztransport & Technigaz (GTT) that will enable the companies to jointly market liquefied natural gas (LNG) solutions leveraging GTT's membrane containment systems and Keppel's shipyard expertise.Keppel O&M's network of global yards will be able to offer GTT's LNG systems in the design, construction and maintenance of LNG carriers, LNG Bunker vessels, LNG-fuelled vessels, and floating storage and regasification units (FSRU).Since completing its first LNG carrier repair in 1990…
Bulk Shipping: Economics 101
Supply and Demand in the bulk transport sectors will define the course line ahead. Less ships and more cargo will be the key.The drybulk sector – where iron ore, coal, grain and other raw materials dominate – is still wrestling with a decade-long hangover that began with the financial collapse of 2008. A recovery ensued in 2010 and 2011, but, following the time honored trade pattern, the brighter outlook brought about an avalanche of new build orders and another drop in rates ensued.
South Korea Tops in Shipbuild Orders
South Korean shipbuilders, led by industry leader Hyundai Heavy Industries Co., have secured the largest amount of new orders in the first six months of the year to retain the top slot, while the global shipbuilding industry saw new orders halve, the data compiled by global researcher Clarkson Research Services showed. The new shipbuilding orders around the globe in the first half of this year amounted to 13.28 million compensated gross tons (CGTs). The figure is about 49.2 percent from 26.99 million CGTs a year ago. In the past year, the global shipbuilding industry saw new orders halve.
China Shipyard Gets QN Group Bulk Carrier Orders
Queensland Nickel Group (QN) subsidiary Asia Pacific Shipping Enterprises (APSE) orders four 64,000 dwt ultramax bulk carriers. The contract has been signed with the Foreign Economic and Technical Cooperation Company of China, Chanjiang National Shipping Group and the China Changjiang National Shipping Group Corporation Jinling Shipyard. “The four vessels, for the use of QN, will be built at the China Changjiang National Shipping Group Corporation Jinling Shipyard, and we anticipate receiving delivery between February and June 2014,” said QN Managing Director Phil Collins.
China Shipyard Wins Four Bulkship Orders
Jiangsu New Yangzijiang Shipbuilding has been contracted to build four 82,000 dwt bulk carrier orders for Hong Kong owner Everbright Metal. Each ship will have a length of 229 m (751 ft) breadth of 32.26 m (106 ft) and draft of 14.45 m (47.4 ft), and all the four ships are expected to be delivered between the fourth quarter of 2013 and the third quarter of 2014. Currently New Yangzijiang Shipbuilding has orders for 53 vessel on hand made up of 16 bulkers, 6 woodchip transport vessels and 31 containerships.[