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P+S Werften shipyard wins order for two offshore construction ships
IHS Fairplay reports that P+S Werften shipyard in Germany has confirmed it has won an order for two offshore construction ships from Singapore's Offshore Installation Group, an associate of German shipping company Harren & Partner. This follows a separate order placed in January this year from a Far Eastern client for a vessel of similar specification. Delivery of the latest vessels will be by mid-2013 with the 172m ships to be built by the former Volkswerft Stralsund yard now owned by the P+S group. The vessels will have the names OIG Giant III and Giant IV will be used for installation of offshore oil and gas platforms in very deep waters of up to 2,500m.

1,789 days ago by arnekiel

Abu Dhabi Mar buys former HDW Gaarden GmbH in Kiel
As of today the contracts for the acquisition of the former HDW Gaarden GmbH in Kiel have entered into force. Abu Dhabi MAR Kiel GmbH starts with 172 employees, the facilities, equipment and infrastructure of the former HDW Gaarden, working on first orders of its target markets offshore, mega yachts and construction of special vessels. Management Directors of this new company are Ms Susanne Wiegand and Mr Holger Kahl. The operations manager is Mr Christian Schmitt, who already held a leading position at HDW Gaarden’s surface vessel division for several years. Abu Dhabi MAR Kiel is currently building a 75 m yacht and an offshore transformer platform. Start of construction of a second offshore transformer platform, for which an order has already been placed, will be in due course.

1,790 days ago by arnekiel

COSCO resumes charter payments to DryShips Inc.
Sept. 1 (Bloomberg) -- China Cosco Holdings Co., the state- controlled sea-cargo group that had ships seized in fee disputes, has resumed charter payments to DryShips Inc. and Jinhui Shipping & Transportation Ltd., the shipowners said. DryShips is receiving payments from Cosco for three vessels that were previously subject to arbitration, Ziad Nakhleh, chief financial officer of the Athens-based company, said yesterday. Jinhui has also received money it was owed, Vice President Raymond Ching said by phone yesterday. Neither elaborated on how much was handed over.

German ship manager hires GreySide to provide armed maritime security
Germany's NSB Niederelbe Schiffahrtsgesellschaft mbH & Co. KG has chosen Herndon, Va., headquartered GreySide Group, Inc. as its exclusive provider of armed maritime security. Initially, NSB will employ security on those vessels of its managed fleet 112 units that are most at risk, MarineLog reports. "Piracy is an issue that continues to plague shipping. After careful consideration, NSB made the decision that the most effective means of protecting our ships and their crews was through the use of carefully vetted, professionally trained and experienced armed security personnel," said NSB Company Security Officer, Guido Kraemer.

Excelerate awards DSME to build largest FSRU
Petrobras has signed a 15-year time charter with Excelerate Energy for a floating storage and regassification unit. To be designated VT3, the FSRU will be able to store 173,400 cu m (almost 6.2 MMcf), thereby making it the largest FSRU to date. Excelerate has selected DSME to construct the vessel that also will be usable as an LNG carrier. The vessel is expected to go into service in May 2014. Starting July 2013 and lasting until arrival of the VT3, the Guanabara Bay Terminal will use Excelerate Energy’s Exquisite FSRU.

1,796 days ago by arnekiel

COSCO surprises analysts with larger than expected losses of $432mio
China Cosco Holdings (1919.HK) surprised analysts with greater-than-expected losses of US$432 million for the first half of the year, Bloomberg reported. The country's largest shipping company blamed falling cargo rates and rising fuel costs for the decline. Rates for commodities shipping have fallen 27%, and average container rates fell 14% as fleets have expanded, intensifying competition over cargo. Cosco owns 234 vessels for shipping commodities, charters another 201, and has 22 on order through 2013.

Hyundai completes tests on largest icebreaking iron ore carrier (190,000 dwt)
South Korea's Hyundai Heavy Industries, the world's largest shipbuilder, announced the completion of the final performance test for a ship model of a 190,000 dwt ice-breaking iron ore carriers at Institute for Ocean Technology in Canada. When built, the 190,000 dwt iron ore carrier will be the world's largest ice-breaking commercial ship. The ship will measure 310 m in length and 51 m in width and will be able to navigate 1.7 m thick ice-covered waters at a speed of 6 knots without the help of an icebreaker. Hyundai Heavy Industries says the ice-breaking iron ore carrier will be able to carry twice as much cargo as any existing ice-breaking commercial ship. It will also move two times faster with a 5 percent increase in fuel efficiency.

1,797 days ago by arnekiel

Hamburg Süd teams with APL in Central America trade
Effective from September 4, 2011, Hamburg Süd reports it will expand its coverage of West Coast Central America by joining APL in a two loop service concept (WECA). String 1 (WCX – WECA1) will deploy three vessels of 1.300 TEU nominal capacity and has the following port rotation: Balboa – Puerto Quetzal – Lazaro Cardenas – La Union – Puerto Caldera – Balboa – Paita – Guayaquil – Balboa. Hamburg Süd will be providing one vessel. String 2 (MCX – WECA2) will deploy one vessel of 1.100 TEU nominal capacity and has the following port rotation: Lazaro Cardenas – Acajutla - Puerto Quetzal – Lazaro Cardenas. The new service allows for a more comprehensive coverage connecting the growing market of West Coast Central America to the Hamburg Süd network. Likewise are additional possibilities opened through the connection of Paita, Guayaquil and Balboa.

1,804 days ago by momfer

ASL Marine Holdings’ $31.9m profit within expectations
But the shipping company's revenue declined 22% to S$363.2 million. According to DBS, recent order wins of S$28m builds on order momentum and the company’s $310m orderbook translates to healthy 1.7x book-to-bill. more

MOL receives 2,000 orders for energy-saving propeller for vessels
Mitsui O.S.K. Lines and MOL Techno-Trade have received 2,000 orders for the energy-saving propeller boss cap fins (PBCF), developed by MOL, West Japan Fluid Engineering Laboratory Co., Ltd., and Mikado Japan, Ltd., and sold by MOL Tech. The PBCF is an energy-saving device attached to the propellers of a vessel. It breaks up the hub vortex generated behind the rotating propeller, resulting in a decrease of more than 9,000 tons of CO2 emissions per year due to a 3-5% reduction in fuel consumption by a large-scale containership. Research and development on the PBCF started in 1986, and sales began the following year. Since then an increasing number of shipowners, mainly in Japan, began to adopt the system. By 2006, the 19th year since the start of sales, the PBCF had been ordered for 1,000 vessels. Since then, it has gained worldwide recognition by vessel owners and operators, and the number of ships adopting it has doubled in just five years, reaching the 2,000 vessel milestone this year. At the Second International Symposium on Marine Propulsors in Hamburg, Germany, in June 2011, BMT Defence Services Ltd. of U.K. presented a paper reporting on a before and after speed test using an Aframax tanker operated by a major firm, showing nearly 4% energy saving effect. This independent study once again brought the PBCF to the attention of the shipping industry and the public. The MOL Group is promoting its next-generation vessel concept called Sempaku ISHIN, and the PBCF is one of its key technologies. Mandatory energy efficiency measures for international shipping were adopted at the International Maritime Organization (IMO) IMO environment meeting on July 15, 2011, and regulations on greenhouse gas emissions by the ocean shipping will make the PBCF even more valuable in the future. The MOL Group continues its research and development on various green technologies and promotes global environmental protection by helping reduce CO2 emissions from vessels. (EHL)

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