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Taiwan's Yang Ming mulls ordering five 'mega' ships
Taiwan's Yang Ming Marine Transport Corp plans to order five "mega" containerships despite being hit by the global slowdown as it looks to keep up with rivals, media and an official said Monday, AFP reports. The new ships, which are likely to be built by the island's biggest shipbuilder, CSBC Corporation Taiwan, could cost a total of more than $700 million and be among the largest vessels at sea, the Commercial Times said. Yang Ming reported a deficit of Tw$5.3 billion ($176.02 million) in the nine months to September due to sluggish demand and soaring fuel prices, but that has not deterred the firm from ordering more ships, the Taipei-based paper reported. "Shipping companies are building ever larger containerships, and this is a global trend that Yang Ming is unlikely to ignore," the firm's chairman, Lu Feng-hai, was quoted as saying. Despite dismal industry outlook, shipping companies are building bigger containerships in a race for a larger market share, analysts say, adding that the bigger vessels are cheaper than the smaller ones in terms of operation cost. Yang Ming's project, which will be submitted to the board for approval this week, calls for the construction of five containerships with each capable of carrying 16,000 TEUs (twenty-foot equivalent), it said. The largest container ship currently has the capacity for 18,000 TEUs.

2,176 days ago by arnekiel

Maersk Drilling wins $550 mln rig order from Total
Maersk Drilling, a unit of Danish shipping and oil group A.P. Moller-Maersk , said it won a $550 million rig contract from Total E&P Norge, a unit of French Total, Reuters reports. The company said in a statement Total E&P Norge would hire one of two ultra harsh environment jack-up rigs currently under construction in Singapore. The firm contract duration was four years, and included four one-year options. The contract is expected to begin at the latest by the third quarter of 2014 upon delivery of the rig to the Norwegian North Sea, Maersk Drilling said in the statement. The contract will last four years and includes four one-year options.

Daewoo to buy german windturbine manufacturer
Daewoo Shipbuilding & Marine Engineering Co. (042660.SE) said Monday it is considering acquiring German wind-turbine maker Bard Holdings GmbH to secure a new growth engine. The shipbuilder said J.P. Morgan will manage the sale for the German company. Source:

Yang Ming to order its first set of 16,000 teu ships
Taiwan’s Yang Ming Marine Transport will shortly order its first set of 16,000 teu ships, twice the size of its largest ships currently in operation. Yang Ming already has a series of 12,000 teu ships on order at Kaohsiung;s China Ship Building Corp (CSBC) for delivery next year. These ships will be the largest boxships owned by a Taiwanese owner, with the island’s number one line, Evergreen, content to order 8,000 teu ships at present.

2,181 days ago by arnekiel

Japanese MHI secures two cruiseship contracts from Carnival's AIDA Cruises
Mitsubishi Heavy Industries, Ltd has completed two shipbuilding contracts with Carnival Corporation & plc, for the construction of two large-sized cruise ships for Carnival’s AIDA Cruises​ brand, World Maritime News reports. Delivery of the two ships is scheduled for spring 2015 and spring 2016 from MHI’s shipyard in Nagasaki. The shipbuilding contracts are subject to financing. The two 125,000 gross tonnage (G/T), 3,250 passenger ships will be the largest ever constructed for AIDA Cruises. The event marks the second new shipbuilding order for MHI from the Carnival group and the third and fourth cruise ships built by MHI for the group. Earlier, MHI built two 116,000 G/T ships for Princess Cruises​: the Diamond Princess and Sapphire Princess, both delivered in 2004. Source: worldmaritimenews...

2,182 days ago by arnekiel

New MSC Divina to be christened in May 2012 by Sophia Loren
MSC Divina will be the newest addition to the MSC Cruises fleet when she finally graces us with her presence in May 2012, Cruisecompare UK reports. MSC Divina will actually be named in honour of screen legend and MSC Cruises godmother Sophia Loren when she is introduced in May next year. Although Divina will be a truly unqiue ship just like every other in the MSC Cruises fleet she will be roughly modelled on her sisters MSC Fantasia and MSC Splendida. www.cruisecompare...

2,182 days ago by arnekiel

Tata NYK joint venture orders three new bulkers in Japan
Tata NYK Shipping has ordered three new bulkers in Japanese yards, Seatrade Asia online reports. 
The joint venture between Japanese shipowner NYK Line and Indian steel group Tata has inked the supramaxes at Tsuneishi and Oshima shipyards for delivery in 2012 and 2013. 
The aim of the jv is to get to a position whereby half of all the Indian steel mills cargoes are shipped on the venture’s own vessels. Currently the NYK Tata fleet stands at 16 ships, of which two are owned.

2,186 days ago by arnekiel

CSCL ready to order 12 mega containerships worth $1.13bn
China Shipping Container Lines (CSCL) is ready to splash $1.13bn to construct 12 containerships of 10,000 teu each at two Chinese shipyards. CSCL affirmed that it will engage separately Hudong Zhonghua Shipbuilding (Group) and Dalian Shipbuilding Heavy Industries to construct four 10,000 teu containerships, and may engage each of the two yards again to construct two more vessels. The container line added that the contract plan is subject to approval at the general meeting of the company. Source: Seatrade-Asia

MOL, Osaka Gas Subsidiary Sign Construction Deal for 2 LNG powered LNG Carriers
Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced that MOL and Osaka Gas International Transport Inc. (OGIT; President: Yuichi Funahashi), subsidiary of Osaka Gas Co., Ltd. (President: Hiroshi Ozaki), have agreed on a plan to co-own two newbuilding LNG carriers. The agreement also includes a contract with Mitsubishi Heavy Industries Co., Ltd. (MHI) to build the new vessels, which will be co-owned by MOL and OGIT. At the same time, MOL and Osaka Gas concluded a long-term LNG transport contract. The new vessels are slated for launching in 2014 and 2015. MOL will manage and operate the ships, which will sail under a 20-year contract with Osaka Gas. The 153,000m3(*1) class carriers will be the first in the world to feature a continuous tank cover for Moss spherical tanks integrated into the ship's hull. Housing the four spherical LNG storage tanks under a continuous cover reduces weight while maintaining the ship's overall strength. This will improve fuel efficiency. The adoption of a new steam turbine engine that features a system to capture and use reheating steam also contributes to higher fuel efficiency. The new vessels' high fuel efficiency will contribute to reduce CO 2 emissions, and the use of natural gas as fuel will reduce sulfur oxide emissions. They will also adopt a ballast water treatment system (*2), to protect marine ecosystems, and are corresponding to according to the Ship Recycle Treaty (*3), which will minimize environmental impact during scrapping and dismantling when their service lives end.

2,190 days ago by arnekiel

Maersk Drilling signs $780 mln deal with BP
Maersk Drilling, a unit of Danish shipping and oil group A.P. Moller-Maersk , said on Tuesday it had entered into a four-year $780 million deal with London-based BP for a deepwater rig, Reuters reports. The contract was for the ultra deepwater semi-submersible rig "Maersk Discoverer" for work initially offshore Egypt, and the maximum contract value was about $780 million, including mobilisation fees, the company said in a statement. "We hope it can pave the way for strengthening our position as a reliable contractor for BP within the deepwater segment," said Maersk Drilling Chief Executive Claus Hemmingsen in the statement. The four-year contract includes an option for a further year, and is expected to commence in the second quarter of 2012, it said. Shares in A.P. Moller-Maersk were down 0.3 percent at 36,760 crowns at 0728 GMT, in line with the Copenhagen stock exchange's benchmark index .

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