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DSME contracts TMC for BW LNG’s carriers

Daewoo Shipbuilding and Marine Engineering (DSME) has engaged TMC Compressors (TMC) to provide the global marine market’s most energy efficient marine compressed air system to four LNG vessels the South Korean shipbuilder is constructing for BW LNG. Under the contract, TMC will provide its Smart Air compressors, which can offer up to 40 percent energy saving compared to conventional compressors. The system will consist of control and service air compressors. According to BW LNG, the four LNG carriers also feature ME-GI propulsion, full re-liquefaction system, air lubrification system and shaft ...

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Amer Shipping orders two dry cargo vessels from Concordia Damen

Inland shipping construction yard Concordia Damen will deliver two ‘CDS Dry Cargo 110’ vessels to Amer Shipping. Sustainability considerations and the hull shape of this in-house developed ship type were the deciding factors, partly because it allows skippers to sail longer at (very) low water levels, which is predicted to occur often in the coming years. Amer Shipping already has a fleet of 57 vessels, including owned tankers, dry cargo and container vessels as well as associated ships. The company transports approximately 8 million tons of cargo per year, mainly ...

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Deltamarin participates into Socatra sail conversion project

Deltamarin and Socatra have signed a contract for a conversion basic design package for installing two Norsepower rotor sails onboard the 50,000dwt Chemical/Product tanker Alcyone. The Medium Range chemical tanker built in 2022 will be retrofitted with two 35 x 5 m Norsepower rotor sails. Deltamarin will carry out a full class approval design package for the conversion, including naval architectural, structural, structural analysis, deck outfitting, machinery and electrical works. All the necessary modifications to the existing vessel will be carried out with the aim of class approval from the ...

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SHI reports 854 billion won operating loss in 2022

Samsung Heavy Industries (SHI) reported an operating loss of over 800 billion won ($651.2 million) for 2022, in preliminary earnings released Monday. The company blamed increased fixed costs despite last year’s surge in orders. It has been in the red for seven years in a row. SHI said in a regulatory filing that it posted an operating loss of 854.4 billion for the year. Sales fell 10.2 percent to 5.9 trillion won. The shipbuilder estimates this year’s operating profit to be 200 billion won. Amid a slowdown in steel prices, ...

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Three Korean Shipbuilders Focusing on Boosting Profitability

As in 2022, Korean shipbuilders are expected to receive many orders for high value-added ships this year. Expectations for an earnings improvement are rising as orders for tankers and offshore plants are likely to revive, along with continued demand for LNG carriers. Korea Shipbuilding & Offshore Engineering (KSOE), an intermediate holding company of HD Hyundai, recently signed a contract with a shipping company in Africa to build two LPG carriers worth 240.8 billion won. Each vessel is 88,000-cubic meters, with a length of 230 meters, a width of 32.25 meters ...

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Chinese shipbuilding sector continues to lead in world market in 2022: MIIT

China remained the world’s leading shipbuilder in 2022, taking up nearly half of the international market share in terms of output, new and holding orders, according to the Ministry of Industry and Information Technology (MIIT). The country’s shipbuilding output, though down 4.6 percent year on year, hit 37.86 million deadweight tonnage (dwt), accounting for 47.3 percent of the world’s total, said the ministry. New orders stood at 45.52 million dwt, accounting for 55.2 percent of the global market share, according to the MIIT. China’s shipbuilding holding orders totaled 105.57 million ...

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Japan’s No. 2 shipbuilder to start making LNG-fueled vessels

Japan Marine United, the country’s second-largest shipbuilder, will start constructing vessels fueled by liquefied natural gas, considered a transitional technology as the industry aims for full decarbonization. Amid intensifying competition with Chinese and Korean players, JMU hopes to take advantage of environmentally friendly technology to capture demand. LNG-fueled ships can reduce carbon dioxide emissions by about 25% compared with heavy fuel oil. More than 2,000 LNG-fueled ships are expected to be operating worldwide by 2030. “Our raison d’etre is to respond quickly to changes in society and provide a stable ...

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GTT entrusted by Dalian shipbuilding industry with the tank design of two new LNG carriers

GTT announces that it has received, at the beginning of 2023, an order from its partner the Chinese shipyard Dalian Shipbuilding Industry & Co for the tanks design of two Liquefied Natural Gas Carriers (LNGC) on behalf of the company “CMES LNG Carrier Investment INC”. GTT will design the tanks of these two vessels, which will each offer a capacity of 175,000 m3. The tanks will be fitted with the Mark III Flex membrane containment system, developed by GTT. The delivery of the vessels is scheduled for the third quarter ...

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Four Companies Announce Joint Feasibility Study of Large-Scale and Wide-Area Carbon Capture and Storage (CCS) Value Chain Project Using Ship Transportation

ITOCHU Corporation, Mitsubishi Heavy Industries, Ltd., INPEX Corporation, and Taisei Corporation announced today that they have signed a memorandum of understanding for a joint feasibility study on a large-scale and wide-area CCS value chain project using ship transportation for companies that emit carbon dioxide (hereinafter “CO2”) in Japan. The four companies will jointly carry out a study for launching a joint project relating to the separation, capture, ship transportation and storage of CO2 emitted from the materials industry and other industries in which it is considered difficult to achieve decarbonization ...

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Cadmatic and CONTACT Software enter strategic partnership to bring the first shipbuilding-specific PLM solutions to shipyards

Cadmatic and CONTACT Software have entered a strategic OEM partnership whereby Cadmatic will utilize the CONTACT Elements platform and its apps to deliver a broader scope of shipbuilding-specific digitalization solutions. Cadmatic’s enhanced scope will cover the entire lifecycle of shipbuilding projects from design and engineering to prefabrication and production and even to maintenance, and operation. The apps of CONTACT Elements will be integrated with Cadmatic’s design, engineering, and information management solutions portfolio to comprehensively address shipbuilding-specific digitalization needs and to optimize future shipbuilding-dedicated business, engineering, and development processes in this ...

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Damen takes lead in 3D model based class approval

Classification society Bureau Veritas has successfully reviewed a 3D design of a 2500 m³ hopper dredger from Damen Shipyards, being a step to granting it approval in principle. The pilot project for 3D model-based class approval is meant to pave the way towards using three dimensional computer designs as standard procedure to achieve class notation for seagoing vessels. Vessel steel hull Design evaluation based on 3D models in parallel to its classification review process has become possible thanks to the new data exchange format – OCX. The OCX is an ...

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GTT entrusted by Hyundai Samho Heavy Industries with the tank design of two new LNG Carriers

GTT announces that it has received, at the beginning of 2023, an order from its partner the Korean shipyard Hyundai Samho Heavy Industries for the tank design of two Liquefied Natural Gas Carriers (LNGC) on behalf of a Middle-East shipowner. GTT will design the tanks of these two vessels, which will each offer a capacity of 174,000 m3. The tanks will be fitted with the Mark III Flex membrane containment system, developed by GTT. The delivery of the vessels is scheduled for the second quarter of 2026. Source: GTT

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S. Korea: Shipbuilding industry turns to robots to overcome shortage of workers

The domestic shipbuilding industry is introducing robots to cope with a shortage of workers and prevent safety accidents, according to industry officials, Tuesday. Daewoo Shipbuilding & Marine Engineering (DSME) developed a carbon steel pipe welding robot that it says can improve the working environment and productivity, and has been using it since earlier this month. Previously, workers would operate a welding torch which weighs more than 30 kg. After dozens of revisions since 2019, the robot was introduced at the shipyard. HD Hyundai, which started research on production automation back ...

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Replace your old BWMS with a DESMI CompactClean solution and get free engineering

Severe consequences of non-compliance “We often hear about issues with older BWMS on ships,” says Sales Director Christian Busch of DESMI Ocean Guard. “Some of them do not comply with the rules defined by the US Coast Guard or the IMO. Some shipowners have installed BWMS, expecting that the systems would receive approval, only to discover that they didn’t actually get it. Other systems don’t perform according to the customer’s expectations, or they are unreliable. And when you want to do something about it, the manufacturer may have gone out ...

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GTT: Korea Fair Trade Commission (KFTC) – Suspension of the Seoul High Court decision

As announced, GTT appealed, on December 22, 2022, the Seoul High Court’s decision dated December 1, 2022. This appeal was accompanied by a request for suspension of the decision. GTT’s appeal to the Supreme Court of Korea concerns the Company’s obligation to separate the technology license and the technical assistance if requested by the shipyards. On January 17, 2023, the Supreme Court of Korea decided to suspend the execution of the Seoul High Court’s decision. Therefore, shipyards cannot request GTT to separate the technology license and the technical assistance until ...

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