Maritime & Ship News Letter
Nov 2016, Vol No. 98
Marine and Shipbuilding Monthly Korea
Seoul Ra-11997(ISSN: 2005-3061) Marine+Shipbuilding Media
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    Sembcorp Marine and ENGIE sign an MOU to develop Gravifloat, an innovative LNG-to-Power near-shore terminal solution [Oct 2016] Sembcorp Marine Rigs & Floaters Pte. Ltd., and Paris-based ENGIE have entered into a Memorandum of Understanding (MOU) to cooperate in the development and deployment of Sembcorp Marine’s proprietary Gravifloat technology for LNG-to-Power near-shore terminals,
    Hyundai Heavy Industries Posts Profits for Three Consecutive Quarters [Oct 2016] Hyundai Heavy Industries (HHI) issued a public disclosure of its 3Q 2016 consolidated earnings today. According to a regulatory filing, during the July-September period HHI racked up 8.8391 trillion Korean won (hereinafter referred to as “won”) in consolidated sales while consolidated operating income stood at 321.8 billion won,
    Wartsila Exhaust Gas Cleaning systems the first to be flag approved in Asia [Oct 2016] The Singapore flag state authorities have approved Wartsila's exhaust gas cleaning (EGC) systems, making it the first EGC to be approved by an Asian flag authority. The approvals relate to Wartsila EGC systems ordered for two new RoRo vessels owned by a Japanese shipowner and currently being operated by Wallenius Wilhelmsen Logistics,
    OOCL Wins Lloyd’s List Asia Containership Operator of the Year Award [Oct 2016] OOCL is proud to be named the Containership Operator of the Year in front of hundreds of industry peers at the Lloyd’s List Asia awards ceremony held on October 20 in Singapore. The Lloyd’s List Award series recognises the industry’s successes, setting a benchmark for excellence while rewarding innovative ideas and
    Sembcorp Marine, Results for 3Q and 9M 2016: Nine months 2016 net profit of $44.5 million [Oct 2016] Sembcorp Marine recorded total group revenue of $2.71 billion for the nine months ended Sep 30, 2016 (9M 2016). This compares with $3.64 billion in group revenue posted in 9M 2015. The Rigs & Floaters segment posted revenue of $1.39 billion for the 9M 2016, a 44% year-on-year decline from the $2.46 billion booked in
    Secretary UAE branch conferred IMarEST President’s Commendation Award [Oct 2016] Honorary Secretary of the Institute of Marine Engineering, Science & Technology (IMarEST) UAE Branch - Nikeel Idnani has received the IMarEST President’s Commendation Award for 2016, recognizing exceptional service to the organization. Presenting the annual international award, during a branch technical meeting,
    Inmarsat Maritime appoints key communicator to accelerate the uptake of connectivity at sea [Oct 2016] Inmarsat (LSE:ISAT.L), the leading provider of global mobile satellite communications services, has announced the appointment of Mark Warner as Head of Marketing Communications for its Maritime business unit. Reporting to Inmarsat Chief Marketing Officer Chris McLaughlin,
    Hyundai Heavy Industries Wins an Order to Build Two 2,600 ton Frigates for the Philippine Navy [Oct 2016] 현대중공업, 필리핀 해군 2,600Ton급 구축합(Frigates) 2척 수주 - Hyundai Heavy Industries (HHI), the world’s largest shipbuilder, announced today that it signed a contract to build two 2,600 ton frigates with the Department of National Defense, Republic of the Philippines.
    MEPC 70 MUST IMPLEMENT CHANGES TO MARPOL ANNEX VI IN LINE WITH KIGALI AGREEMENT ON HFCs [Oct 2016] Oceanic Technical Solutions has welcomed the decision by the United Nations to amend the Montreal Protocol to reduce the use of hydrofluorocarbons (HFCs) in air conditioning and refrigeration systems, but has warned the shipping industry could be left in the cold if the International Maritime Organisation fails
    ClassNK Issues Approval in Principle for LNG Bunkering Vessel Design [Oct 2016] Leading classification society ClassNK has issued Approval in Principle (AIP) for a 7,500 cbm LNG bunkering vessel designed by Hanjin Heavy Industries & Construction Co., Ltd. This revolutionary design is the result of joint research carried out by Hanjin Heavy Industries & Construction Co., Ltd. and ClassNK
    Shipping industry united in seeking further progress on CO2 at critical IMO meeting [Oct 2016] In advance of next week’s critical meeting of the Marine Environment Protection Committee (MEPC 70) at the International Maritime Organization (IMO) in London, the global shipping industry has called on IMO Member States to give serious consideration to a joint industry submission regarding the need
    Crowley Hits Milestones in Puerto Rico Investment [Oct 2016] Highlighting the economic impact under the Jones Act of its $500 million investment in the trade between the U.S. mainland and Puerto Rico, Crowley Maritime Corporation’s liner services group reached new milestones in its construction of two new, Commitment Class ConRo (combination container and Roll/On-Roll/Off) ships that will be powered by liquefied natural gas (LNG),
    Cooperation Agreement between ECA and Vestdavit for Launch and Recovery Systems [Oct 2016] ECA and Vestdavit are proud to announce that, on the occasion of Euronaval, they have signed a cooperation agreement to develop the next generation of Launch and Recovery systems for Unmanned Maritime Systems. The use of Unmanned Maritime Systems (“UMS”), Remotely Operated Vehicles (“ROV”),
    Ecospeed Strengthens Polar Code Compliance As More Ice-Going Vessels Opt For The Hard Coat [Oct 2016] Subsea Industries has received an order for its specialist hull and rudder coatings for application to a shallow draught anchor handling tug supply vessel under construction at Turkey’s Atlas Shipyard. The hard-type coatings were selected amidst strong competition because of their proven performance in polar waters.
    Use of liquefied natural gas as an alternative to heavy fuel oil for maritime transportation: CMA CGM signs a first Memorandum of Understanding with ENGIE [Oct 2016] CMA CGM and ENGIE announce today the signing of a Memorandum of Understanding to promote LNG as the marine fuel for tomorrow’s container vessels. Farid Salem, Executive Officer of the CMA CGM Group,
    Intellian Technologies Announces Initial Public Offering [Oct 2016] Intellian Technologies, Inc. (“Intellian” or “the company”), announced today an initial public offering of 1,450,000 common shares via the KOSDAQ, at an initial price of $17.27 per share. The initial public offering will result in roughly $26m in raised capital and a total market capitalization for the company of just below $124m.
    Jensen Maritime Continues Evolution into Full Service Naval Architecture and Marine Engineering Solutions [Oct 2016] As the City of San Francisco commissions its latest fireboat today, the vessel, designed by Seattle-based Jensen Maritime Consultants, exemplifies the evolution and growth of the naval architecture and marine engineering firm since it was acquired by Crowley Maritime Corp. in 2008
    Euronav: Long Term Time Charter And Fleet Renewal [Oct 2016] 현대중공업, 벨기에 Euronav NV사로부터 158,600dwt Ice class Tanker Carrie 4척(2+2option)을 척당 62Million에 수주 - Euronav NV (NYSE: EURN & Euronext: EURN) announces that it has signed two long-term time charter contracts of seven years each with Valero Energy Inc. for Suezmax vessels with specialised Ice Class 1C capability starting in 2018.
    Golar Power reaches a Final Investment Decision on Sergipe Power Project and signs 25 year FSRU agreement [Oct 2016] The board of Golar Power is pleased to announce that it has approved taking a Final Investment Decision on the Porto de Sergipe Project, thereby enabling CELSE, the project company, to enter into a lump sum turn-key EPC agreement with General Electric to build,
    Samskip becomes Europe’s first to see the benefit through carbon emission-cutting glass [Oct 2016] Samskip is Europe’s first company to benefit from a straightforward but lasting way to save energy at its Rotterdam headquarters, after Nexus, on behalf of the building owner, funds installation of specially laminated glass that blocks infra-red rays but not daylight. Part of the logistics company’s Sustainability Strategy,
    ABB, Preventive Maintenance achieves 202% Return on Investment for turbochargers [Oct 2016] ABB, the leading power and automation technology group, has announced study results which show a 202% return on investment (ROI) from using ABB Preventive Maintenance. The new study indicates that the payback of preventive maintenance is immediate, while the Net Present Value - a measure of profitability
    Selektope® shortlisted for two more 2016 environmental awards [Oct 2016] Selektope®, the innovative ingredient used in marine antifouling coatings whose prevention of barnacle growth on ship hulls yields fuel savings, has been shortlisted for two more prestigious environmental awards within its first full year of commercial availability. I-TECH AB, the Gothenburg-based company behind Selektope’s development,
    Crowley Liner Services among First Private Companies to Earn U.S. AQUA Lane Certification from Customs and Border Patrol [Oct 2016] Crowley Liner Services recently became one of the first private companies in the nation to be certified and validated by U.S. Customs and Border Protection (CBP) as part of its new Marine Port Terminal Operator (MPTO) designation, known as the AQUA Lane program.
    Wartsila to power Mediterranean's first LNG fuelled passenger ferry [Oct 2016] Wartsila has signed a contract with Construcciones Navales del Norte SL (LaNaval) shipyard in Sestao, Spain for the design and supply of the LNG power and propulsion installation for a new RoRo passenger ferry. There is also an option for a second vessel. The ship is being built for Spanish owner Balearia,
    Caterpillar strengthens lead in LNG marine propulsion with cruise ship orders [Oct 2016] The selection of Caterpillar Marine dual fuel engines for a new generation of cruise ships provides further evidence of the power solutions specialist’s lead in the LNG marine propulsion space. The company’s MaK 16 M 46 DF dual fuel engines, along with the full LNG supply and handling system, are to be installed on four new ships,
    Russian Maritime Register of Shipping(RS), Polar Code Conference [Oct 2016] On 5 October 2016 the “Polar Code and Safety of Ice-going Ships“ conference jointly organized by Russian Maritime Register of Shipping (RS) and PAO Sovcomflot (SCF) was held within the framework of the International Exhibition TRANSTEC 2016. Vitaly Klyuev, Director of the Department of State Policy for Maritime
    Rivertrace appoints Motor Services Hugo Stamp (MSHS) as a U.S agent [Oct 2016] Rivertrace are pleased to announce the recent appointment of Motor Services Hugo Stamp (MSHS) as a US based agent and distributor, further improving our ability to offer world class service via our global network of agents. This brings the number of agents and distributors added this year alone, to 6, in locations including the USA,
    Risk reduction with the Roxtec Transit Designer 4.0 [Oct 2016] Should vital safety components such as cable and pipe transits be a design-based or a field-based decision? Roxtec suggests that designers and engineers take control of this issue by proposing the free, web-based tool Roxtec Transit Designer. The design tool from the global cable and pipe seal provider simplifies the entire process that surrounds cable
    DNV GL attests Alfa Laval’s ability to meet the ETC tank cleaning notation [Oct 2016] After observing the design of tank cleaning solutions using Alfa Laval G-Pass simulation software, DNV GL has issued a unique statement confirming Alfa Laval’s ability to meet the ETC tank cleaning notation. The ETC notation, which is designed to ensure thorough tank cleaning on chemical carriers, was introduced by DNV GL
    PPUK seeks partnerships at Offshore Korea 2016 [Oct 2016] PPUK will showcase its capabilities as a specialist in the design, development and manufacture of piston rings and metallic sealing rings for marine and industrial customers at stand I201 at this year’s Offshore Korea, and has extended an open invitation for visitors to stop by. The company already supplies high precision products and expert service
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    Samskip completes reefer acquisition as Silver Green becomes Silver Sea [Oct 2016] Silver Green AS, owned 50% by Samskip, is changing its name to Silver Sea AS to mark the finalisation of a series of ownership changes. The new name reflects a consolidation by Samskip of its position in the reefer vessel segment, including the strengthening its ownership in the company and direct investment in reefer vessels.
    BIMCO raises serious concern over data on available fuel ahead of MEPC decision on global sulphur cap implementation date' [Oct 2016] BIMCO, the world’s largest international shipping association, has today voiced serious concerns about some of the official data that will inform the decision of the MEPC over the implementation date of the 0.5% global sulphur cap.
    IRClass opens office in Alang, India; Steps up efforts to promote sustainable ship recycling [Oct 2016] Indian Register of Shipping (IRClass), a leading international classification society, opens an office in Alang, India, today. The new office will serve to support its ship recycling initiative in Alang, following on its recent initiative of certifying ship recycling yards according to EU standards as an ‘Independent Verifier’.
    Sakhalin Oil & Gas 2016 [Oct 2016] Russian Maritime Register of Shipping (RS) was a participant to the 20th Anniversary Conference Sakhalin Oil & Gas 2016 held on 28 - 30 September in Yuzhno-Sakhalinsk. Mr Pavel Shikhov, RS Deputy Director General, made a report at the Conference on behalf of the RS highlighting its contribution to realization of offshore oil and gas projects as well as improving requirements of
    Consolidation, greater focus on risk management and higher finance costs: BIMCO’s new analysis on the wider impact of the dry bulk crisis [Oct 2016] BIMCO has today published the next in its series of reports looking at the “road to recovery” for dry bulk shipping beyond the current market difficulties. The foundation for the new report follows the conclusion of BIMCO’s previous analysis - that due to the severity of
    ABB’s OCTOPUS marine software improves safety and efficiency of TPI Megaline vessel [Oct 2016] The Korean heavy lift company TPI Megaline has selected ABB’s predictive OCTOPUS marine software to ensure safe and efficient operations on one of its vessels. Mega Caravan transports huge loads such as oil rigs and drill ships, ABB’s software will assist the ship’s officers so the vessel is not subject to
    ClassNK and the Liberian Registry begin Trials for Electronic Certificates System [Oct 2016] ClassNK has begun operational trials for “ClassNK e-Certificate”, the world’s first comprehensive system to provide ships’ class certificates and statutory certificates issued on behalf of flag states in electronic format. The use of electronic certificates is expected to bring about significant benefits for shipping companies by
    The Volkswagen Group is one of the first automakers to opt for low-emission LNG-powered vessels for the marine transport of vehicles [Oct 2016] As one of the first OEMs, the Volkswagen Group has decided to significantly improve the environmental balance of its marine transport fleet by using two vessels powered by LNG (liquefied natural gas) on routes between Europe and North America.
    Hydrex response repairs stern seal in record time [Oct 2016] Hydrex Underwater Technology has completed the emergency stern tube seal repair to a 134m chemical tanker, after the Antwerp Port Authority demanded an underwater inspection and in-situ repair to the vessel before allowing it to set sail. The vessel’s crew had carried our temporary repairs to stem the flow of lubricating oil from the stern,
    LUKOIL Marine’s Cylinder Oil for ultra-low Sulphur Fuel approved by MAN and Wartsila [Oct 2016] NAVIGO MCL Ultra was developed by LUKOIL Marine specifically for vessels operating in Emission Control Areas (ECA). In order to comply with emission regulations, ships in ECAs run on ultra-low Sulphur fuel. The new lubricant has been used by various customers since January 2015
    Brightoil Petroleum launches next stage of its digital online strategy at SIBCON this week [Oct 2016] Brightoil Petroleum (Holdings) Limited (“Brightoil Petroleum” or the “Group”; stock code: 933.HK) a leading bunker supplier in Singapore and China, is introducing the next stage of its Brightoil Online strategy, combining its existing e-commerce platform with a newly updated mobile app now providing buyers
    Intellian v100 strengths attract Vietnam's largest offshore customer [Oct 2016] Ho Chi Min City, VIETNAM: Intellian Technologies, the world’s leading provider of maritime satellite communications systems, continues to strengthen its presence in the offshore rig support sector with an order from the largest owner/operator of vessels in Vietnam serving the oil and gas industry. The contract, which involves service provider Vinasat,
    Amended offer terms and update on the voluntary offer for Aurora LPG Holding [Oct 2016] Reference is made to the stock exchange announcement dated 20 September 2016 regarding the acquisition by BW LPG Holding Limited, a wholly owned subsidiary of BW LPG Limited ("BW LPG"), of shares in Aurora LPG Holding ASA ("Aurora LPG") and the decision by BW LPG to launch a voluntary tender offer
    Successful delivery of Chinese vessels featuring Wartsila ship design [Oct 2016] Two new Wartsila designed Anchor Handling Tug Supply (AHTS) vessels were delivered from the Wuchang Shipbuilding Industry Group yard in China during the second week of September. The ships have been built for China Oilfield Services Ltd (COSL), the largest fleet owner of offshore service vessels in China.
    Maritime Cook Islands Celebrates World Maritime Day 2016; Shines Spotlight on the Maritime Industry to the Next Generation [Oct 2016] Maritime Cook Islands (“MCI”), the leading international ship registry, joined the international maritime community in a celebration of World Maritime Day 2016 on September 29. The theme for 2016 is “Shipping: indispensable to the world”, focusing on the critical link between shipping
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