Trafigura Sends More Asian Gasoline to Americas
Commodity trader Trafigura is shipping this month a second newly built crude tanker with Asian gasoline onboard to South America amid strong demand in the West, four industry sources who closely monitor petrol trade flows said on Thursday.Although it is not uncommon for traders to use a brand new crude tanker of 150,000 deadweight tonnage (dwt) to ship clean fuels such as diesel, it is rare to use them for gasoline because of the sheer size."South America likely needs gasoline more than gasoil now.
KNOT Concludes TC Contract for Two Shuttle Tankers
Norway-headquartered Knutsen NYK Offshore Tankers (KNOT) has concluded a time-charter contract for two shuttle tankers with Equinor ASA for a maximum 20-year period starting in the second quarter of 2020.KNOT is a NYK Group company, in which NYK has a 50 percent share.The contract aims to use two 152,000 DWT Suezmax tankers equipped with dynamic-positioning systems built by Hyundai Heavy Industries Co. Ltd. to shuttle crude oil produced in waters off Brazil.Upon commencement of this contract…
LNG Carrier Seri Camar Delivered to MISC
Malaysian shipping firm MISC Group has taken delivery of Seri Cemara, the final vessel in a series of five MOSS-Type liquefied natural gas (LNG) carriers built for long-term charter to Petronas.The 150,200 CBM LNG carrier has been built for MISC by South Korean shipbuilder Hyundai Heavy Industries Co., Ltd. (HHI). Upon its delivery, Seri Cemara joins her sister MOSS-Type carriers Seri Camellia, Seri Cenderawasih, Seri Cempaka and Seri Camar on long-term charter to Petronas.The…
Moss-Type LNG Carrier Joins MISC Berhad's Fleet
Malaysia’s MISC Berhad (MISC), a world leading energy related maritime solutions and services provider has taken delivery of Seri Cempaka, the third in a series of five Moss-Type Seri-C Class Liquefied Natural Gas (LNG) carriers. The 150,200 CBM LNG carrier has been built for MISC by Hyundai Heavy Industries (HHI), and benefits from an Integrated Hull Structure (IHS) with four spherical tanks shielded by a continuous cover, fortifying the vessel to allow for operation in even the harshest marine environments.
New LNG Carrier Delivered to MISC Berhad
MISC Berhad (MISC) held the naming and delivery ceremony of its new LNG carrier, Seri Camellia. The 150,200 cu. m. Liquefied Natural Gas (LNG) carrier is the first in a series of five MOSS-Type LNG carriers ordered from Hyundai Heavy Industries Co., Ltd. (HHI) by MISC. Upon their delivery, these new LNG Carriers will be chartered to PETRONAS for the next 15 years. The naming ceremony was graced by the presence of Y. Bhg. Tan Sri Sidek Hassan, Chairman of PETRONAS and was officiated by his wife and the vessel’s Lady Sponsor, Y. Bhg.
HSL in Pact with Hyundai to Build Fleet Support Ships?
Hindustan Shipyard Ltd., the largest shipbuilding enterprise under Indian Ministry of Defence, and world’s premier shipbuilder Hyundai Heavy Industries (HHI) are likely to undertake joint construction of self-propelled fleet support ships (FSS) for the Indian Navy, says a report in the Hindu. A high-level delegation from Hyundai Heavy Industries Co. Ltd has already inspected facilities at the Hindustan Shipyard Limited to explore the possibilities of cooperation. The team comprised…
KNOT Orders New Tanker for Charter with BG Group
Knutsen NYK Offshore Tankers AS (KNOT) has concluded a time-charter contract with Brazil Shipping 1 Limited, a subsidiary of the U.K. energy supplier BG GROUP PLC. This contract is for a maximum 20-year period starting from the second quarter of 2017 and follows the time-charter contracts that were concluded in September 2014 for two shuttle tankers. The new contract aims to use a 158,000 DWT Suezmax tankers built by Hyundai Heavy Industries Co. Ltd. and equipped with enhanced dynamic-positioning systems to shuttle crude oil processed in waters off Brazil.
Third 14,000 TEU Container Joins Seaspan
Hong Kong-based owner and operator of containerships Seaspan Corporation has taken delivery of a 14,000 TEU containership, the YM Winner. The new ship, which was constructed at Hyundai Heavy Industries Co., Ltd., is Seaspan’s third 14,000 TEU SAVER design containership and fourth delivery in 2015. The YM Winner will commence a ten-year, fixed-rate time charter with Yang Ming Marine Transport Corp. The ship is the third of a total of eight 14000 TEU SAVER design vessels to be chartered by Seaspan to Yang Ming. The delivery of the YM Winner expands the Company's operating fleet to 81 vessels.
Seaspan Takes Delivery of New Containership
Seaspan Corporation (SSW) has accepted delivery of a 14000 TEU containership, the YM Wellhead. The new containership, which was constructed at Hyundai Heavy Industries Co., Ltd., is Seaspan's second 14000 TEU SAVER design containership and third delivery in 2015. The YM Wellhead will commence a ten-year, fixed-rate time charter with Yang Ming Marine Transport Corp. (Yang Ming). Yang Ming may extend the charter for up to an additional two years. The ship is the second of a total of eight 14000 TEU SAVER design vessels to be chartered by Seaspan to Yang Ming.
Cochin Shipyard in Pact with Samsung Heavy Industries
India's state-owned Cochin Shipyard Ltd (CSL) has entered into a Memorandum of Understanding (MoU) with Korean firm Samsung Heavy Industries for technology partnership in constructing liquefied natural gas (LNG) carrying vessels, reports local media. “Cochin Shipyard has signed an agreement with Samsung Heavy Industries to collaborate on building LNG ships,” a shipping ministry official said. The MoU, which was inked after protracted negotiations will enable the city-based public sector yard to respond to a tender for LNG carrier construction soon-to-be-re-issued by GAIL (India).
HHI Names World’s Largest Containership
The world’s largest containership was named at a ceremony held by builder Hyundai Heavy Industries Co., Ltd. (HHI) this week. The ship, named CSCL Globe, is the first of five 19,000 TEU containerships for China Shipping Container Lines (CSCL), and takes the title of world’s largest containership from Maersk Line’s 18,000 teu Triple E class vessels. Measuring 400 meters in length, 58.6 meters in width and 30.5 meters in depth, CSCL Globe is as large as four soccer fields. She will be deployed on the Asia-Europe trade loop after being handed over to the owner within this month.
Dorian LPG Reports 2Q 2015 Financial Results
Dorian LPG Ltd. today reported its financial results for the three months ended September 30, 2014. Took delivery of the second vessel under our VLGC newbuilding program, the Corsair, from Hyundai Heavy Industries Co. Ltd. ("Hyundai"), on September 26, 2014 - which is trading in the spot market. Captain John NP recorded time charter equivalent ("TCE") rate of $71,355 for the three months ended September 30, 2014. John Hadjipateras, Chairman, President and Chief Executive Officer…
Hyundai Heavy Plummets to Worse Loss Ever
South Korea's Hyundai Heavy Industries Co Ltd, the world's biggest shipbuilder, slid to a record quarterly loss of $1.8 billion and warned it's heading for its worst-ever year as cost overruns mount up in new business lines it developed to counter a global glut of low-margin ship orders. Hyundai Heavy said on Thursday it slumped to an operating loss of 1.93 trillion won ($1.83 billion) in the third quarter, from a 222.4 billion won profit a year earlier, as it soaked up rising costs caused by delays in building new types of ship in which it had little previous expertise.
Classification Society ABS Selects Key Advisors
Following the 151st Annual Meeting of Members and of the Board of Directors ABS informs that industry leaders were elected and appointed to serve on several bodies that contribute to the operation of the classification society as it fulfills its mission of promoting the security of life and property and preserving the natural environment. “ABS is proud to announce such a strong group of marine and offshore industry leaders that will help guide the direction of one of the world’s leading classification societies,” said ABS Chairman and CEO Christopher J. Wiernicki. John A. RADM James A.
Seaspan Gets Forty-Ninth Containership
Seaspan Corporation (NYSE:SSW) accepted delivery of another 8500 TEU containership named the COSCO Malaysia from Hyundai Heavy Industries Co., Ltd. on May 19, 2010. This is Seaspan's seventh delivery in 2010, expanding the company's operating fleet to 49 vessels. The COSCO Malaysia is on charter to COSCO Container Lines Co., Ltd. (COSCON) of China under a twelve-year, fixed-rate time charter. The COSCO Malaysia is the fourth of eight 8500 TEU sister ships and the sixth of a total of eighteen vessels to be chartered by Seaspan to COSCON.
New HHI HiMSEN Diesel Engine Gains Class Approvals
Hyundai Heavy Industries Co., Ltd. (HHI) has won type approval for the new 35,300 bhp HiMSEN H46/60V engine from 9 classification societies. The type approval test completion of the IMO Tier III compliant HiMSEN H46/60V expands Hyundai Heavy’s medium speed marine engine line-up to cover output from 780 bhp to 35,300 bhp. The HiMSEN engine (Hi-touch Marine & Stationary Engine) was originally developed by Hyundai Heavy in 2000. Since then, the Company has churned out 7,200 units for marine propulsion and land-based power plants.
Diamond Offshore Orders New Deepwater Rig from HHI
Diamond Offshore Drilling, Inc. (NYSE:DO) today announced that a subsidiary, Diamond Offshore Drilling Limited, has entered into a turnkey contract with Hyundai Heavy Industries Co., Ltd. for construction of a new ultra-deepwater drillship with delivery scheduled for late in the second quarter of 2013. Total cost, including commissioning, spares and project management, is expected to be approximately $590 million and will be paid out of available funds. Diamond Offshore has also…
ABS Elects New Council
At the 150th Annual Meeting of the Members of ABS, three industry leaders were elected to the ABS Council. Following the Annual Meeting, the ABS Council met and elected industry leaders to both its Marine and Offshore Technical Committees. Individuals serving on the ABS Council and the Technical Committees help guide the class society in fulfilling its mission of promoting the security of life, property and the natural environment. “Classification represents the concept of self-regulation for the marine and offshore industry,” said ABS President and CEO Christopher J. Wiernicki.
HHI Orders MHI-MME Ultra Steam Turbine Plants for LNG Carriers
Mitsubishi Heavy Industries Marine Machinery & Engine Co., Ltd. (MHI-MME), a group company of Mitsubishi Heavy Industries, Ltd. (MHI), has received orders from Hyundai Heavy Industries Co., Ltd. (HHI) of Korea for four Ultra Steam Turbine (UST) plants to be installed in four LNG (liquefied natural gas) carriers HHI is to construct for Petroliam Nasional Berhad (PETRONAS), the state-owned oil and gas provider in Malaysia. The orders, which were received with an option on additional USTs for four more carriers, marks the first time the MHI group has sold USTs outside Japan.
MacGregor Receives Huge Order from Hyundai Heavy
MacGregor, part of Cargotec, has received an order worth $77 million (USD) for optimized cargo handling systems for five A-14-series and five A-18-series container vessels from Hyundai Heavy Industries Co. Ltd. in South Korea. The 14,000 TEU and 18,000 TEU ships are built for the United Arab Shipping Company (UASC) and they are scheduled for delivery between 2014 and 2015. The shipyard holds options for an additional five A-14-vessels and one A-18-vessel. These new series of container…
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)…
Ultra-deepwater Drillship Contract for HHI
Rowan Companies exercises option to build a fourth GustoMSC P10,000 design ultra-deepwater drillship with Hyundai Heavy Industries Co., Ltd. The cost for this rig, including commissioning, project management and spares, but excluding capitalized interest, is estimated to be approximately $620 million, with delivery scheduled for March 2015. Rowan plans to equip its drillships with 2,000 feet of additional riser to enable operations in water depths up to 12,000 feet upon delivery. Each drillship will also be equipped with a second BOP for minimizing non-productive time.
Seaspan Accepts Delivery of Two New Vessels
Seaspan Corporation (NYSE:SSW) announced the delivery of its 44th and 45th vessels, the Guayaquil Bridge and the COSCO Japan. The Guayaquil Bridge, a 2500 TEU vessel delivered on March 5, 2010, was built by Jiangsu Yangzijiang Shipbuilding Co., Ltd. It is on charter to Kawasaki Kisen Kaisha Ltd. (K-Line) of Japan under a ten-year, fixed-rate time charter. The Guayaquil Bridge is the first of seven Seaspan vessels to be chartered to K-Line. The 8500 TEU COSCO Japan, which was constructed by Hyundai Heavy Industries Co., Ltd., was also delivered on March 5, 2010.
Great Eastern Shipping Orders Super Tankers
According to an April 5 report from the Wall Street Journal, Great Eastern Shipping Co. Ltd, India’s biggest private ocean carrier, has ordered three new oil super tankers or so-called very large crude carriers at South Korea’s Hyundai Heavy Industries Co. Ltd for an undisclosed amount. (Source: The Wall Street Journal)
Delivery of Seaspan’s 47th Containership
Seaspan Corporation (NYSE:SSW) accepted delivery of an 8500 TEU containership named the COSCO Philippines from Hyundai Heavy Industries Co., Ltd. on April 23, 2010. This is Seaspan's fifth delivery in 2010, expanding the company's operating fleet to 47 vessels. The COSCO Philippines is on charter to COSCO Container Lines Co., Ltd. (COSCON) of China under a twelve-year, fixed-rate time charter. The COSCO Philippines is the third of eight 8500 TEU sister ships and the fifth of a total of eighteen vessels to be chartered by Seaspan to COSCON.