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Konecranes Wins 14-Crane Order From Thyssenkrupp Marine Systems For Kiel Shipyard

Konecranes has won an order from the thyssenkrupp Marine Systems shipyard to supply 14 process cranes for a shipbuilding hall now being built in Kiel, Germany. The order was booked in July 2021. The double-girder crane systems, which will be built by Konecranes’ Demag Cranes & Components unit, will be installed in the new production halls in Kiel, which is being developed into an international center of excellence for submarine production. The cranes will have been manufactured, delivered and commissioned by the time work begins in 2023. The cranes will ...

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North America’s first all-electric car ferries depart Damen Shipyards Galati for Ontario, Canada

The first, fully-electric road ferries to sail in North America are now on their way from Damen Shipyards Galati to Lake Ontario, Canada, to begin operations. Ordered by the Ministry of Transportation, Ontario, Canada, the Amherst Islander II and Wolfe Islander IV, 68 and 98 metres in length respectively, represent a new generation of zero-emission large ferries. The vessels departed the yard on 26 August to be loaded on the semi-submersible transport vessel Super Servant 4 and will arrive in Lake Ontario in mid-September. Both of the open-deck vessels are ...

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Korean shipbuilders gain full govt blessing for global dominance, stocks rise

South Korea’s shipbuilding industry received full government backing to ride on its newfound boom and rank global No. 1 by commanding 75 percent of the green sea transportation market. “We will strengthen the shipbuilding industry that cannot be contested by no other countries,” declared President Moon Jae-in Thursday as he flew to Samsung Heavy Industries’ shipyard in Geoje, South Gyeongsang Province, to announce a reinvigoration scheme on Korean shipbuilding industry. The government has set out key targets to command 75 percent in global eco-friendly vessels and 50 percent in self-driving ...

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Tehran, Astrakhan to cooperate in shipbuilding

Iranian Ambassador to Russia Kazem Jalali met with Sergey Milushkin, the director-general of Special Economic Zone Lotus in Russia’s Astrakhan during which the two sides discussed cooperation in various sectors including manufacturing and overhauling cargo vessels. As IRNA reported, the meeting was held on the sidelines of Jalali’s visit to the mentioned zone. Following the meeting, Milushkin said: “We had fruitful negotiations on the construction of ships for Iran [to be used] on the north-south corridor, as well as the participation and investment of Iranian companies in this economic zone.” ...

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GTT launches a new Smart Shipping solution to optimize vessel operational and environmental performance

GTT launches LNG Optim, a new digital “Smart Shipping” solution. This tool helps LNG operators, and LNGC1 or LNG-fueled vessel ship-owners, to prepare the voyages of their vessels in order to reduce the overall fuel consumption and to manage Boil-off gas in the tanks. For several years, GTT Group has been extending its range of services to support the maritime industry in its digital and energy transformation, with the launch of Smart Shipping solutions to optimize the energy performance of ships. The LNG Optim solution, based on GTT’s unique expertise ...

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‘K-ship’ is latest government industry project

The Korean government is offering support to the shipbuilding industry, including subsidies for payrolls and training. The goal is to maintain workers in the industry and help with hiring and training. This includes new hires and rehiring of retired shipbuilding workers. Shipbuilders will get subsidies to maintain jobs of existing employees. On Thursday the Ministry of Trade, Industry and Energy laid out its so-called “K-ship” strategy. Under the plan, the government will offer 1 million won ($856) a month to shipbuilders for every new employee they hire. The central government ...

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Simon Møkster Shipping taps Vard Electro for the installation of SeaQ Energy Storage System onboard two platform supply vessels

Vard Electro is pleased to announce the signing of two new contracts with Simon Møkster Shipping. The vessels Stril Orion and Stril Polar is scheduled to be hybrid ready by the end of 2021 and the beginning of 2022, qualifying them for DNV’s Battery Power notation. Simon Møkster Shipping has ordered SeaQ Energy Storage System from the technology company Vard Electro, enhancing the company’s efficiency and environmental performance. Vard Electro is continuously developing new solutions to increase energy efficiency and has since 2016 installed their SeaQ battery technology onboard vessels ...

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Keppel delivers Guyana’s second FPSO

Keppel Offshore & Marine’s (Keppel O&M) wholly-owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard) has delivered the Liza Unity, a mega Floating Production Storage and Offloading vessel (FPSO), to SBM Offshore with no loss-time incidents. This follows the delivery of Guyana’s first FPSO by Keppel O&M in 2019. Mr Chris Ong, CEO of Keppel O&M, said, “We are pleased to support Guyana with the second FPSO for the Liza field in the Stabroek block. The delivery of Liza Unity reinforces Keppel O&M as the world leader in the integration of FPSOs ...

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Moon vows to solidify S. Korea’s position as world’s number one shipbuilder

President Moon Jae-in said South Korea will work to boster its shipbuilding industry to make in an overwhelming global leader that no one can overtake. He was speaking Thursday at a shipyard to lay out the country’s vision for the industry. “Our goal is clear. We will solidify an unassailable position as number one in the world through our advantages in terms of smart, eco-friendly shipbuilding. We will boost investment in new technologies and people, and foster a sustainable industrial eco-system.” South Korea is home to the world’s top five ...

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GTT launches a new Smart Shipping solution to optimize vessel operational and environmental performance

GTT launches LNG Optim, a new digital “Smart Shipping” solution. This tool helps LNG operators, and LNGC1 or LNG-fueled vessel ship-owners, to prepare the voyages of their vessels in order to reduce the overall fuel consumption and to manage Boil-off gas in the tanks. For several years, GTT Group has been extending its range of services to support the maritime industry in its digital and energy transformation, with the launch of Smart Shipping solutions to optimize the energy performance of ships. The LNG Optim solution, based on GTT’s unique expertise ...

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Austria’s AVL ties up with Hyundai shipyard to develop fuel cell for ships

AVL, an Austrian engineering company that provides solutions and methodologies to shape future mobility trends, tied up with South Korea’s Hyundai shipbuilding group to develop hydrogen fuel cells for ships by 2025. The partnership comes amid an active campaign by South Korean shipbuilders to take the upper hand in global markets with eco-friendly vessels and smart ship technologies. AVL and the shipbuilding group agreed to develop fuel cells with an output of 200 kilowatts to 1.5 megawatts that would be applied to coastal island area ferries and tugboats, inland water ...

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South Korean Shipbuilders Outperform Chinese Rivals in August

Clarksons Research reported on Sept. 7 that new shipbuilding orders totaled 1.37 million CGT (47 ships) worldwide last month and 0.78 million CGT (16), 0.37 million CGT (23) and 0.19 million CGT (7) went to South Korean, Chinese and Japanese shipbuilders, respectively. For the first eight months of this year, the orders totaled 32.39 million CGT, up 165 percent from a year ago. South Korean shipbuilders won 13.66 million CGT, up 406 percent from a year ago, while Chinese shipbuilders took 14.53 million CGT. These days, very large crude carrier, ...

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Hyundai Heavy’s IPO price set at top end

Major South Korean shipbuilder Hyundai Heavy Industries shares were priced at 60,000 won ($51.90) apiece, the top of its indicative range for its initial public offering amid strong demand, the firm said in a regulatory filing on September 6. The shipbuilder wrapped up its two-day book building Friday. While institutional investors placed bids to obtain the firm’s new shares from its initial public offering, a total of 1,633 domestic and foreign institutions participated. The competition marked 1,836-to-1, the second most competitive book building result among newly listing firms to the ...

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HHI proves popular as retail investors get their chance

The two-day public subscription period for Hyundai Heavy Industries’ (HHI) initial public offering (IPO) began Tuesday with the company attracting over 5.5 trillion won ($4.7 billion) in deposits on the first day. Of recent IPOs, game developer Krafton attracted around 5 trillion won during its two-day public subscription period, while KakaoBank attracted over 58 trillion won. Analysts are expecting investors to more aggressively jump in on the second day. While the deposited amount is not a good indication of the future performance of the company’s shares, some Korean investors use ...

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Marine Boilers Achieved 6,000 units Cumulative Delivery

Mitsubishi Heavy Industries Marine Machinery & Equipment Co., Ltd. (MHI-MME), reached total 6,000 units cumulative delivery of marine boiler on August 24 at shipment of MAC-B type auxiliary boilers for VLCCs being built at the Namura Shipyard. Marine boiler is one of MHI-MME’s major product in the business portfolio and it has more than 130 years history, starting with producing a scotch boiler in 1885. MAC-B type auxiliary boiler with two drum-water tube type design has been produced since 1983 and total 2,275 units have been installed mainly for tankers ...

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