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South Korean Shipbuilders Overtake Chinese Rivals in May

Clarksons Research announced on June 7 that global new shipbuilding orders added up to 2.5 million CGT (57 ships) last month and 48 percent, 34 percent and 17 percent of the orders went to South Korean, Chinese and Japanese shipbuilders, respectively. In April, Chinese shipbuilders’ proportion was 55 percent (2.89 million CGT) whereas that of South Korean shipbuilders was 38 percent (1.15 million CGT). Last month, however, the rankings changed as the latter won a number of contracts in the LNG carrier and large container carrier segments. When it comes ...

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ENGINE: East of Suez Bunker Fuel Availability Outlook

Singapore Bunker fuel availability remains tight across all grades in Singapore. VLSFO in particular is “super tight”, and prompt deliveries are difficult to find. Prompt VLSFO deliveries have recently been priced at least $80/mt higher than for dates further out, sources say. Recommended lead times for VLSFO and HSFO are up to two weeks, while LSMGO has a shorter 6-8 days. Singapore’s fuel oil inventories declined by 3% last week, while middle distillate stocks were drawn by 4% to a three-week low, according to Enterprise Singapore. The port state saw ...

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LR certifies SHI’s digitalised electronic logbook system

LR has granted Software Conformity Certification to Samsung Heavy Industries (SHI) for its electronic data recording and management solution, SVESSEL® eLogbook system, a key result of a Joint Development Project (JDP) formed earlier this year. This is the first time SHI has been awarded classification society approval for its digitalised electronic logbook software application. As part of the JDP, SHI created an electronic data recording and management solution that replaces the existing paper navigation log. By automatically entering the data of the voyage log in conjunction with the SVESSEL® BIG ...

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GTT receives an order from Hyundai Samho Heavy Industries for the tank design of a new LNG carrier

GTT announces that it has been chosen, by its partner the Korean shipyard Hyundai Samho Heavy Industries for the tank design of a new LNG1 Carrier (LNGC) on behalf of an Asian ship owner. GTT will design the tanks of this new LNGC with a total LNG tank capacity of 174,000 m3 and will be fitted with the membrane containment system Mark III Flex developed by GTT. The delivery of the vessel is scheduled for the fourth quarter of 2025. Source: GTT

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Deltamarin and Technava continue collaboration

Deltamarin has recommenced an agency agreement with Greek marine equipment agency and technical services support company Technava. Official documents will be signed during Posidonia -22. Together, the companies will be seeking for opportunities and solutions to serve the future needs of Greek shipping. There is no one-size-fits-all solution, but now with a broader customer service profile, we can fulfil customer expectations with comprehensive and customised solutions. The experience and knowledge of both companies provide a solid foundation for good cooperation. Esa Jokioinen, Sales and Marketing Director of Deltamarin, says: “The ...

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Surge of accidents at yards owned by Kabir Group in Bangladesh

Since the beginning of 2022, out of the eighteen accidents that shook the Bangladeshi shipbreaking industry, six have taken place at yards owned by Kabir Steel Re-Rolling Mills (KSRM), a concern of large conglomerate Kabir Group. In the last week of January, Mohammad Bakul Pramanik was fatally hit by an iron girder. In February, while scrapping the vessels PIONEER (IMO 9048110) and MED (IMO 9002207), owned by South Korean Polaris Shipping and Singaporean Hin Leong Trading respectively, Ariful Islam Sujan lost his life, whilst Mujidul Haque, Shalim and Md Rofiqul ...

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China kicks off construction of most advanced large unmanned ship

China has started to build the country’s most advanced large unmanned ship, the vessel’s manufacturer announced on Wednesday. Led by the No.716 Research Institute of China State Shipbuilding Corporation Limited (CSSC), the large unmanned ship project had a ceremony to celebrate the start of its construction on Tuesday, according to a WeChat post released by the institute on Wednesday. This means that the ship, being the most advanced among its kind in China, has officially entered the construction phase, the institute said. Featuring a high-speed hydrofoil trimaran design, the drone ...

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Japan Ship Exporters’ Association to host decarbonization and zero-emission shipping seminar at Posidonia 2022

The Japan Ship Exporters’ Association (JSEA) are inviting interested participants of the upcoming international Posidonia exhibition to attend a free two-hour seminar at the exhibition location in the Metropolitan Expo Centre in Athens, Greece on the afternoon of June 7. The seminar, entitled “Challenges by Japan” will be held in the Posidonia Seminar Room Central between 13:00 and 15:00 during which five companies will introduce their approach and challenges when tackling decarbonization and zero-emission shipping. Mr. Tamotsu Saito, President, JSEA will open the conference followed by presentations from the Nihon ...

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Giant natural gas carrier makes first transoceanic voyage with self-sailing technology

In a landmark operation monitored by U.S. and South Korean maritime classification societies, a giant natural gas carrier installed with a self-sailing system developed by Avikus, the in-house venture of South Korea’s Hyundai shipbuilding group, has made a successful transoceanic voyage for the first time in the world. The Prism Courage, a 300-meter-long super-large liquefied natural gas (LNG) carrier, has successfully completed its autonomous ocean crossing in a joint operation with SK Shipping, a domestic shipping company, Avikus said, adding that the voyage was conducted under real-time monitoring by Korean ...

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Tight Asia capacity limits room for new LNG ships – Korea Shipbuilding exec

Korea Shipbuilding & Offshore Engineering (KSOE) 009540.KS has mostly filled its order book for the next 2-1/2 years as the pandemic drove demand for container ships, leaving little room to meet the needs of the liquefied natural gas (LNG) sector, a senior company executive said. With U.S. LNG exports rising, more LNG carriers are travelling longer distances to customers in North Asia and Europe while European countries have snapped up floating storage and regasification units (FSRUs) as they ramp up LNG imports to replace Russian gas supplies in the wake ...

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Chinese shipbuilders see slowing of orders amidst Covid-19 impact

China’s shipbuilding industry has shown significant signs of a slowdown, in part after it was hard hit by the latest waves of the pandemic which delayed the production schedule for a broad range of ships. In a report on Wednesday (June 1), industry news provider The Maritime Executive (TME) said while the yards and specifically the industry centered around Shanghai are emphasising their return to operations in recent weeks, the first four months of 2022 showed a marked slowdown in activity. It said data from the China Association of the ...

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Deltamarin to design climate-friendly train ferry for Fennorail

Deltamarin has signed a contract with Oy Fennorail Ltd for conceptual design of the EUROCARRIER train ferry capable of carrying both train and truck cargo. The aim of the EUROCARRIER train ferry is to connect Finland to the European TEN-T railway networks and create a connection across Eastern Europe to Central Europe and the Mediterranean. Approximately 400,000 trucks per year, or almost 1,100 trucks per day travel on car ferries between Finland and Estonia. The emission footprint from heavy goods vehicles (road cargo) is more than five times greater than ...

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ASYAD Drydock to showcase world-class ship repair and shipbuilding capabilities at Posidonia 2022

ASYAD Drydock will join the Greek and International Shipping Community at the Posidonia 2022 in Athens between June 6-10. Following increasing demand from the region for their world-class ship repair and shipbuilding services, ASYAD Drydock is looking forward to welcoming interested parties to Stand 3.450 to showcase recent projects and future plans. Formerly known as the Oman Drydock Company (ODC), ASYAD Drydock is unique in its position as one of the most prominent service providers to the marine industry in the Middle Eastern region, with clients worldwide. Positioned in Oman ...

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Shanghai-based shipyard in full swing as Omicron abates, ‘ready for launch of 3rd aircraft carrier’

In a significant achievement of work resumption after the latest COVID-19 resurgence in Shanghai, the Jiangnan Shipyard on Monday launched three new ships and readied two ships for the next stage of construction, with the shipbuilder vowing to make up for lost time and complete all production missions on time. At this rate, China’s third aircraft carrier, reportedly also being built at the shipyard, could be launched soon, observers said on Tuesday. Three ships exited their docks and two were floated from the third and fourth dockyards of the Jiangnan ...

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GTT receives an order from Hyundai Heavy Industries and Hyundai Samho Heavy Industries for the tank design of four new LNG Carriers

GTT announces that it has received, in May 2022, an order from its Korean partner shipyards Hyundai Heavy Industries (HHI) and Hyundai Samho Heavy Industries (HSHI) for the tank design of four new LNGCs1. Two of these LNGCs will be built by HHI and the two others will be built by HSHI on behalf of the same Asian ship-owner. GTT will design the tanks of the vessels, which will offer a cargo capacity 174,000 m3 and will be fitted with the Mark III Flex membrane containment system, a technology developed ...

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