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China’s Jan-Oct new vessel orders down 26% on year

Chinese shipbuilders received fewer new vessel orders over January-October, with the ten-month total reaching 21.2 million dead weight tonnes (dwt), down 25.6% on year, according to the latest statistics from China Association of the National Shipbuilding Industry (CANSI). In October alone, new vessel orders plunged by 54% on month to 1.72 million dwt. Among the total of new orders over this year’s first ten months, those for export amounted to 19.7 million dwt, being down 22.1% on year. Exports accounted for 93% of total orders. “The sharp month-on-month decline in ...

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Foreship launches Hamburg business to grow in Germany

Leading naval architect and marine engineering company Foreship has announced plans to establish a new business entity in Germany, targeting January 1, 2020 as the launch date for Foreship GmbH. The new company, to be based in the heart of Hamburg’s Hafen City, will have the objective of developing closer ties with German owners, shipyards and marine engineering companies to better service existing customers and attract new ones. Foreship GmbH will be led by Managing Director Olli Somerkallio, current Head of Machinery at Helsinki-based Foreship. Foreship CEO Lauri Haavisto says ...

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Nexans wins 5-year contract extension to supply cables for the world’s leading ship builder Chantiers de l’Atlantique

Nexans has secured a 5-year contract extension with Chantiers de l’Atlantique, one of the world’s largest shipyards, to supply cables and services for use in some of the world’s largest passenger vessels. The contract builds on a 45-year partnership between Nexans and Chantiers de l’Atlantique, an alliance which has facillitated the evolution of specialised ship cable technology and logistics. Throughout this partnership period, Nexans has been the leading cables provider in designing advanced fire safety technologies for secure passengers ships – one of the highest priority in shipbuilding industry. The ...

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NGOs win FPSO North Sea Producer case

On 14 November, the High Court Division of the Supreme Court of Bangladesh declared the import, beaching and breaking of the infamous FPSO North Sea Producer illegal. The judgment was issued in a Public Interest Litigation (PIL) filed by NGO Shipbreaking Platform member organisation Bangladesh Environmental Lawyers Association (BELA). The Court further noted with dismay the incessant violations of national and international laws by the shipbreaking industry, and passed several directions upon the government to regulate the sector in line with earlier rulings. Already in August 2017, the Bangladesh Court ...

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Yangzijiang Shipbuilding profit slipped 10% to $136.23m in Q3

Yangzijiang Shipbuilding’s (Yangzijiang) net profit dropped 10% YoY to $136.23m (RMB702.26m) in Q3 from $151.05m (RMB778.63m) in 2018, according to its financial statement. Revenue grew 1% YoY to $1.05b (RMB5.42b) from $1.04b (RMB5.37b) over the same period. Profit after tax and minority interests (PATMI) margin also have declined to 13% from 15%. Gross profit margin in the group’s shipbuilding business came at 14% in Q3 from 20% in Q3 2018 due to higher raw material and labour costs. Trading business had a gross profit margin of around 1.5%, whilst other ...

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Singapore-listed Nam Cheong to build shipyard in Labuan

Kiamsam is poised to be a new economic growth catalyst for Labuan as Malaysia’s largest offshore support vessel (OSV) builder Nam Cheong Dockyard Sdn Bhd will invest RM60 million to turn the existing Labuan Halal Hub Complex there into a shipyard. Federal Territories Minister Khalid Abdul Samad said the new shipbuilding sector was expected to generate employment for more than 1,500 people and help produce skilled workers in the long run through a training centre to be built at the complex. “It is an initiative from Labuan Corporation, which tendered ...

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Daewoo shipyard delivers first LNG carrier installed with air lubrication system

Daewoo Shipbuilding & Marine Engineering (DSME), a major shipbuilder in South Korea, has delivered a liquefied natural gas (LNG) carrier for a Greek client. It was the first LNG carrier which has been installed with the shipbuilder’s air lubrication system that enables energy-saving and emission reduction. DSME said that compared to existing LNG carriers, the new vessel installed with its air lubrication system (ALS) can save fuel by more than five percent. The delivery followed an order the shipbuilder received in June 2016 from Maran Gas Maritime, a unit of ...

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MacGregor secures complete piggy-back hatch cover order from Fincantieri Bay Shipbuilding

MacGregor, part of Cargotec, has secured an order to provide a complete set of remote operated piggy-back hatch covers with hydraulic lifting and an internal traction electric drive system to Fincantieri Bay Shipbuilding (FBS). MacGregor`s scope of supply includes design & key components, steel material, fabrication and delivery of the hatch covers to FBS. The order is booked into Cargotec’s fourth quarter 2019 order intake, with a planned delivery of the solution during the fourth quarter of 2020. ”We are very pleased that FBS has trusted our knowledge and expertise ...

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J-ENG will exhibit at Marintec China 2019

Japan Engine Corporation (J-ENG) will exhibit at “Marintec China 2019” held in Shanghai, China from December 3rd to 6th, 2019. This time, J-ENG will exhibit a booth in the Japan Pavilion presented by Japan Ship Machinery and Equipment Association (JSMEA). At the J-ENG’s booth (Booth No. N1B4A-12), visitors can experience the 360 degree view, by using VR (Virtual Reality) content, of UEC50LSJ engine, which is MGO mono-fuel engine to be fully complied with the environmental regulations such as NOx, SOx, and CO2 (EEDI). In addition, the latest portfolio of UE ...

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S. Korea recaptures No. 1 spot in shipbuilding orders

South Korea recaptured the top spot in global shipbuilding orders last month, industry data showed, on the back of its dominance in the liquefied natural gas carrier market. In October, local shipyards, led by Hyundai Heavy Industries, won orders totaling 1.29 million compensated gross tons to build 17 ships, accounting for 86 percent of the orders placed around the globe, according to London-based Clarkson Research Services, the world’s leading provider of data for the shipping and shipbuilding industries. This is the first time this year that South Korea has surpassed ...

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C-Job Naval Architects unveils Autonomous Underwater Maintenance Dredger design

C-Job Naval Architects revealed its concept design of an Autonomous Underwater Maintenance Dredger. The unique design was presented by the independent ship design and engineering company at the combined Maritime and Port Technology and Development Conference (MTEC) and international Conference on Maritime Autonomous Surface Ships (ICMASS) in Trondheim, Norway. The Autonomous Underwater Maintenance Dredger (AUMD) concept design developed by C-Job’s Research and Development department is specifically created for maintenance in port environments. The team took advantage of the opportunities and out-of-the-box solutions autonomous vessels provide such as completely submerging a ...

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Daewoo Shipbuilding suffers 296 bln-won net loss in Q3 on one-off costs

Daewoo Shipbuilding & Marine Engineering Co., a major South Korean shipbuilder, on Thursday reported a third-quarter net loss of 296.4 billion won (US$253 million) due to one-off costs. Daewoo Shipbuilding’s net losses for the three months ending Sept. 30 narrowed from 323.9 billion won deficit a year ago, but the result is still a disappointing turnaround from the two previous quarters when the company stayed in the black. The shipbuilder also posted an operating loss of 256.3 billion won in the July-September period, marking its first loss in seven quarters. ...

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Hung Hua Construction Of Taiwan Orders Third Fast Crew Supplier This Year To Support Offshore Wind Ambitions

Hung Hua Construction of Taiwan has ordered a third Damen Fast Crew Supplier (FCS) to add to the two it ordered at the start of the year. This latest vessel will be a Damen FCS 2610. The contract was signed by the two parties at the start of September and, with the vessel already on stock at Damen Shipyards Singapore, it will be delivered this month following finishing and some customisation. It will be the company’s first operational vessel. The FCS 2610 is a best-selling design that proven itself time ...

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EU to rule on $1.8 billion Korean shipbuilders deal by Dec. 17

Hyundai Heavy Industries, the world’s biggest shipbuilding group, kicked off a EU regulatory process by seeking European Commission approval for its bid to acquire second-ranked Daewoo in a 2.1 trillion won ($1.8 billion) deal. Hyundai (009540.KS) announced the deal to create the world’s biggest shipbuilder with a 21 percent market share in January. The Commission has set a Dec. 17 deadline for its decision, the company said. The EU competition enforcer can either clear the deal with or without concessions or open a full-scale investigation if it has serious concerns. ...

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Samsung Heavy Industries’ Labor and Management Take Joint Steps to Secure Orders

Samsung Heavy Industries’ labor and management representatives have recently visited Malaysia together to attend an event organized by the company’s client. It is a stark contrast to situations at other Korean shipbuilders that are still suffering from labor conflicts. Nam Joon-woo, president of Samsung Heavy Industries and Kang Il-nam, chairman of Samsung Heavy Industries Workers’ Council, attended an invitation event hosted by MISC, a Malaysian shipping company, on Nov. 11 (local time), said Samsung Heavy Industries on Nov. 12. At the event, the two officials met with executives of SRM, ...

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