On 4th October, Damen’s client Gerdes Green received a subsidy from the German Government for the investment in sustainable innovations for a Damen Combi Freighter (CF) 3850 currently under construction, as well as for a second vessel. Damen, together with Gerdes Green and vessel charterer Cargill, has developed a tailored vessel, the CF 3850 Hybrid, with the aim of substantially reducing the environmental footprint of coaster vessel operations. The subsidy was presented to Gerdes Green by Minister Volker Wissing at an event held at the Ministry of Digital Affairs and ...

The average wages of employees belonging to the “Big 3” shipyards in South Korea — HD Hyundai Heavy Industries, Samsung Heavy Industries, and Hanwha Ocean — have increased by approximately 15% in the past year. Particularly noteworthy is Hanwha Ocean, where the average wage surged by around 12 million won (US$9,295) compared to a year ago. This increase can be attributed to the conversion of various allowances, such as yearly and monthly leave, contracted holidays, and overlapping holiday bonuses, into the basic salary in the middle of this year. According ...

Pakistan is a step closer to becoming a Party to the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships, 2009 (Hong Kong Convention). Following an IMO-run national seminar in Karachi, Pakistan (13-15 November) to support the country’s implementation of the Convention and related Guidelines, the Pakistan (Federal) Cabinet completed the processes needed to prepare the instrument of accession to the Hong Kong Convention. Speaking at the seminar’s closing ceremony, Pakistan’s Special Assistant to the Prime Minister (SAPM) on Maritime Affairs, Vice Admiral (Retd.) Iftikhar Ahmad ...

BMT is delighted to announce a Long-Term Agreement (LTA) with Singapore-based Strategic Marine, forging a powerful collaboration aimed at driving the offshore wind crew vessel industry towards a more sustainable future. This partnership will introduce cutting-edge design solutions to meet emissions-reduction goals, specifically focusing on advancing the world-leading StratCat range of Crew Transfer Vessel (CTV) designs. Martin Bissuel, BMT’s Head of Sales Commercial Maritime explains, “Our partnership with Strategic Marine brings together extensive expertise into this market, empowering us to innovate and contribute to the ongoing energy transition. This collaboration ...

As Korea, China, and Japan continue to compete in the world shipbuilding market, China took the lion’s share of large oceangoing vessel orders in 2022, according to a report. According to an annual report on the shipping and shipbuilding markets by ship brokerage firm Barry Rogriano Salis (BRS) Group on Nov. 19, China was building 121.3 million deadweight tons (DWT) of ships based on its order book at the end of last year. This was up from 111 million DWT in 2021. China’s share of the global market ascended from ...

On the 21st of November, Damen Shipyards signed a contract with Ta San Shang Marine Co. Ltd. (TSSM), a joint venture between Mitsui O.S.K. Lines, Ltd. of Japan, and Ta Tong Marine Co., Ltd. of Taiwan, for the delivery of a Damen CSOV (Construction Service Operation Vessel) 9020. This will be TSSM’s second SOV in their fleet. The first, the TSS Pioneer, was delivered in 2022 and this new ship will be operational in late 2025. The build will take place in Vietnam, where Damen has a large presence and ...

Over 2021~2023, Korean shipbuilders have landed target-beating new orders. With sufficient order backlogs under their belt, they have raised newbuilding prices to reflect higher costs, and accordingly, the newbuilding index, a key index for earnings, has been uptrending steadily. In 2024, newbuilding orders are to decline y-y due to higher interest rates and abundant order backlogs at shipbuilders. In particular, with domestic shipbuilders’ slots for short-term deliveries diminished, they are likely to set more conservative new order targets for next year. But, even with selective order taking, their order backlogs ...

With the intensification of pressures to switch types of ship fuel in compliance with maritime environmental regulations, the market for eco-friendly vessels such as ammonia and liquid carbon dioxide (LCO2) carriers is becoming a cash cow for the shipbuilding industry. These ships, similar in design to the liquefied petroleum gas (LPG) carriers that South Korean shipbuilders have experience constructing, hold a technical advantage, allowing for a continuation of high-value order strategies. As of Nov. 15, the domestic shipbuilding industry has been leading the market by securing orders for eco-friendly ships ...

Shipbuilder HD Korea Shipbuilding & Offshore Engineering (KSOE) clinched a contract for the construction of two Very Large Ethane Carriers (VLEC) from an Asian shipper for $340 million. The unit price of $170 million per vessel establishes a record for the highest unit price among large ethane carriers, according to HD KSOE, a subholding company of shipbuilding, oil refining and machinery conglomerate HD Hyundai. The vessels, with a capacity of 98,000 cubic meters, are set to be built at the HD Hyundai Heavy Industries’s Ulsan shipyard, with an expected delivery ...

Highlights: • Strategic Marine has advised that the VG140SD VEEM Gyro will now be fitted as standard on its fourth- generation fast crew boat (FCB) due to the benefits afforded through improved stabilisation. • As a result, Strategic Marine has accelerated the delivery dates for the 12 gyrostabilizers that it ordered under the exclusivity agreement with VEEM in June 2023. • Strategic Marine will now receive three VG140SD VEEM Gyros before 31 December 2023 and the remaining nine during the second half of FY24. • Due to the acceleration of ...

The Haisla Nation and Pembina Pipeline Corporation, partners in the proposed Cedar LNG project on the coast of British Columbia, Canada, have announced the signing of a heads of agreement with South Korea’s Samsung Heavy Industries and US Black & Veatch to secure access to shipyard capacity and support construction and delivery of a new floating LNG production vessel. The parties are expected to finalize a lump sum engineering, procurement and construction agreement in December of this year. “This exclusive relationship with SHI and Black & Veatch to lock in ...

Lenten Scheepvaart (the Netherlands) will go down in history as the owner of the world’s first-ever newbuild hydrogen-powered inland shipping barge. With this, the shipping company sets a new standard. An important step towards zero-emission transport on Dutch inland waterways. The Hydrogen Electric Cargo Ship ‘Antonie’ (WEVA) was realised by Concordia Damen. On 23 October the technical sea trials were held, during which the ship was inspected by Lloyd’s Register and received a provisional certificate to be put into service. Bart van Driel, project manager at Concordia Damen, was there. ...

Brunvoll has received an order for the delivery of propulsion and manoeuvring packages for Windward’s new Commissioning Service Operation Vessels (CSOVs). The order is for two vessels, with two additional vessels as an option. Windward’s new vessels will have two propulsion azimuth thrusters in the aft, and two retractable azimuth thrusters and a tunnel thruster in the bow. All azimuth thrusters feature the latest and greatest improvements to meet the increasingly stricter requirements for rapid, safe, and accurate DP operations for SOVs/CSOVs. This includes significantly improved rotation speed, faster propeller ...

The domestic shipbuilding industry, which secured the top position in global orders last month, continues to receive new orders this month. HD Korea Shipbuilding & Offshore announced on Nov. 14 that its subsidiary, HD Hyundai Heavy Industries, has recently signed a construction contract worth a total of 698.1 billion won (US$531.68 million) with a shipping company in the African region for two liquefied natural gas (LNG) carriers. The order amount per vessel is US$265 million, the same as the LNG carrier order amount received by HD Korea Shipbuilding & Offshore ...

In the harbour of Veracruz, Mexico three Cutter Suction Dredgers (CSD) were commissioned along the quay. The dredgers, built in the Netherlands by Damen Dredging Equipment (DDE), have been added to the fleet of SEMAR. They have been acquired as part of a fleet expansion programme, and will be put to good use on various dredging projects in Mexico. The three CSD250s are not the first Damen dredgers to be operated by SEMAR. Over the past few years, Damen has delivered a number of CSD500s, a CSD450 and a CSD650. ...