Vinashin woes have ripple effect
Developing shipbuilding countries hoping to be “the next Korea,” or “the next China,” might consider the woes of troubled Vietnamese shipbuilder Vinashin — and their impact on the rest of the Vietnamese
Search Results for: shipbuilder
Rongsheng raises $1.8 billion
Chinese shipbuilder Rongsheng Heavy Industries has raised $1.8 billion in an IPO. Financial wire services report that China Rongsheng Heavy Industries Group Holdings Ltd. priced its much awaited Hong Kong initial public
Seadrill orders two drillships at Samsung
The first two drillships are firm orders with deliveries from the South Korean shipbuilder set for the first and second quarter 2013.
Seadrill says the total project price per rig is estimated to be less than $600 million, which includes a turnkey contract with the yard, project management, drilling and handling tools, spares, capitalized interest and operations preparations.
In a regulatory filing, Samsung valued the contract for the first two ships at $1.08 billion.
The contract further includes a fixed price option, to be declared during the first quarter 2011, for further two drillships
The dual derrick drillships are of an improved design compared to the three previous drillships Seadrill has taken delivery of from Samsung, with further enhanced capacity related to water depth, technical capabilities as well as increased accommodation capacity.
The new dynamically positioned drillships will be capable of operations in water depths up to 12,000 feet with a hook load capability of 1,250 tons, suiting them for operations in challenging areas such as the Gulf of Mexico, Brazil and West Africa.
The drillships will be the first newbuilds to be outfitted with seven ram configuration of the BOP (Blow Out Preventer) stack.
Seadrill says its decision to add another two ultra-deepwater newbuilds to the existing fleet is based on the continued strength of the offshore drilling market, the return that these investments are expected to deliver and the financial flexibility generated by the company’s contract backlog.
Ordering new drillships is considered financial superior to other alternative investments.
Alf C Thorkildsen, Chief Executive Officer of Seadrill Management AS, says: “Our commitment to establish Seadrill as a leading drilling contractor through investing in new high specification offshore drilling units built by quality yards has been well received by our customers and investors. With the most modern drilling fleet in the world and a total contract backlog of $11.5 billion, we have created a solid platform for further growth and a continued high return to our shareholders. These orders confirm our positive view on the market outlook as well as our good experience with this design and the Samsung shipyard.”
Gene Taylor loses reelection bid
After 11 terms in the House, Rep. Gene Taylor has lost his bid to be re-elected to the Mississippi District 4 seat. His was one of a number of defeats that will reshape the membership of key Committees.
Republican Steven Palazzo defeated Taylor, a conservative Democrat, by 52 percent to 47 percent in unofficial results Tuesday night, the Sun Herald reported this morning.
Taylor lost his seat as part of a national trend that saw Democrats lose control of the House. His eleven terms brought with a seniority that placed him well to defend shipbuilding interests as Chairman of the key Seapower and Expeditionary Forces Subcommittee of the House Armed Services Committee. He is also Co-Chairman of the Congressional Shipbuilding Caucus.
Taylor is also a member of the Transportation and Infrastucture — another important panel that will look a lot different in the new Congress.
Not only will it be controlled by Republicans, but a lot of familiar Democratic faces will be missing – most noticeably Chairman James Oberstar (Minn.) who lost his re-election bid. Other Democrats on the committee who fell to Republican challengers include, besides Gene Taylor,Michael A. Arcuri (N.Y.), John A. Boccieri (Ohio), Christopher P. Carney (Pa.), John J. Hall (N.Y.), Phil Hare (Ill.), Steve Kagen (Wisc.), Betsy Markey (Colo.), Michael E. McMahon (N.Y.), Harry E. Mitchell (Ariz.), Solomon P. Ortiz (Texas), Thomas S.P. Perriello (Va.), Mark H. Schauer (Mich.), Harry Teague (N.M.) and Dina Titus (Nev.). Democrat Brian Baird of Washington did not run. His House seat was won by Republican Jaime Herrera.
The key Transportation subcommittee of interest to MarineLog readers is the Coast Guard and Maritime Transportation subcommittee. Rep. Oberstar was a member of the panel by virtue of his chairmanship of the parent committee. Other panel members who lost their reelection fight were its Vice Chairman, Michael McMahon and Gene Taylor and Steve Kagen,
Transportation Committee rank member John Mica (Fla.) won reelection as did Coast Guard subcommittee ranking member Frank LoBiondo (N.J.). While Rep. Mica is widely tipped to take over the Chairmanship of the Committee, Rep. LoBiondo will have enough seniority in the next Congress that he may well set his sights higher than the Coast Guard panel.
Elijah E. Cummings, Md, will presumably now move from the Chair of the Coast Guard panel to the ranking member slot. He leaves a legacy of giving the Coast Guard rather more oversight than some predessors did. It will be interesting to see if this “tough love” approach continues.
Nov. 5, 2010
Gene Taylor loses reelection bid
After 11 terms in the House, Rep. Gene Taylor has lost his bid to be re-elected to the Mississippi District 4 seat. His was one of a number of defeats that will reshape the membership of key Committees.
Republican Steven Palazzo defeated Taylor, a conservative Democrat, by 52 percent to 47 percent in unofficial results Tuesday night, the Sun Herald reported this morning.
Taylor lost his seat as part of a national trend that saw Democrats lose control of the House. His eleven terms brought with a seniority that placed him well to defend shipbuilding interests as Chairman of the key Seapower and Expeditionary Forces Subcommittee of the House Armed Services Committee. He is also Co-Chairman of the Congressional Shipbuilding Caucus.
Taylor is also a member of the Transportation and Infrastucture — another important panel that will look a lot different in the new Congress.
Not only will it be controlled by Republicans, but a lot of familiar Democratic faces will be missing – most noticeably Chairman James Oberstar (Minn.) who lost his re-election bid. Other Democrats on the committee who fell to Republican challengers include, besides Gene Taylor,Michael A. Arcuri (N.Y.), John A. Boccieri (Ohio), Christopher P. Carney (Pa.), John J. Hall (N.Y.), Phil Hare (Ill.), Steve Kagen (Wisc.), Betsy Markey (Colo.), Michael E. McMahon (N.Y.), Harry E. Mitchell (Ariz.), Solomon P. Ortiz (Texas), Thomas S.P. Perriello (Va.), Mark H. Schauer (Mich.), Harry Teague (N.M.) and Dina Titus (Nev.). Democrat Brian Baird of Washington did not run. His House seat was won by Republican Jaime Herrera.
The key Transportation subcommittee of interest to MarineLog readers is the Coast Guard and Maritime Transportation subcommittee. Rep. Oberstar was a member of the panel by virtue of his chairmanship of the parent committee. Other panel members who lost their reelection fight were its Vice Chairman, Michael McMahon and Gene Taylor and Steve Kagen,
Transportation Committee rank member John Mica (Fla.) won reelection as did Coast Guard subcommittee ranking member Frank LoBiondo (N.J.). While Rep. Mica is widely tipped to take over the Chairmanship of the Committee, Rep. LoBiondo will have enough seniority in the next Congress that he may well set his sights higher than the Coast Guard panel.
Elijah E. Cummings, Md, will presumably now move from the Chair of the Coast Guard panel to the ranking member slot. He leaves a legacy of giving the Coast Guard rather more oversight than some predessors did. It will be interesting to see if this “tough love” approach continues.
Nov. 5, 2010
New Mitsui bulker cuts CO2 emissions
Named the “neo Supramax 66BC,” the new ship is an enlarged version of Mitsui’s best selling 56,000 dwt type handymax bulker, for which it has received over 150 orders
Development of the neo Supramax 66BC design involved extensive consultations with shipowners and operators and investigations of more than 600 ports all over the world. The result is a ship designed to have wide beam (36 m) and shallow draft, taking into account current 56BC trading patters and the expansion of Panama Canal, expected in 2014.
The ship is a general use bulk carrier equipped with deck cranes and suited for the carriage of bulk cargoes including coal, iron ore, wheat, barley, soya beans, etc. It can also carry lengthy/heavy cargoes such as steel pipe and hot coil. Hatch openings are optimized for the existing cargo handling equipment at various ports.
Although the neo Supramax 66BC is larger than the 56BC, its fuel consumption less as a result of adopting Mitsui’s newly developed energy-saving hull form.
The shipbuilder is offering two specifications for the ship – Premium and Standard. The Premium model will achieves a reduction of CO2 emission by about 21 percent on a ton-mile basis with a further reduction of up to about 30 percent with the application of optional software and hardware .
Mitsui is also developing measures to meet future SOx and NOx emission controls and requirements for ballast water treatment system is adopted, which is a hot current topic among maritime industries.
Principal Particulars of the Ship
Length overall 200 m
Breadth 36 m
Depth 18.45 m
Full-load draft 12.9 m
Deadweight 66,000 metric tons
Service speed 14.5 knots
New Mitsui bulker cuts CO2 emissions
Named the “neo Supramax 66BC,” the new ship is an enlarged version of Mitsui’s best selling 56,000 dwt type handymax bulker, for which it has received over 150 orders
Development of the neo Supramax 66BC design involved extensive consultations with shipowners and operators and investigations of more than 600 ports all over the world. The result is a ship designed to have wide beam (36 m) and shallow draft, taking into account current 56BC trading patters and the expansion of Panama Canal, expected in 2014.
The ship is a general use bulk carrier equipped with deck cranes and suited for the carriage of bulk cargoes including coal, iron ore, wheat, barley, soya beans, etc. It can also carry lengthy/heavy cargoes such as steel pipe and hot coil. Hatch openings are optimized for the existing cargo handling equipment at various ports.
Although the neo Supramax 66BC is larger than the 56BC, its fuel consumption less as a result of adopting Mitsui’s newly developed energy-saving hull form.
The shipbuilder is offering two specifications for the ship – Premium and Standard. The Premium model will achieves a reduction of CO2 emission by about 21 percent on a ton-mile basis with a further reduction of up to about 30 percent with the application of optional software and hardware .
Mitsui is also developing measures to meet future SOx and NOx emission controls and requirements for ballast water treatment system is adopted, which is a hot current topic among maritime industries.
Principal Particulars of the Ship
Length overall 200 m
Breadth 36 m
Depth 18.45 m
Full-load draft 12.9 m
Deadweight 66,000 metric tons
Service speed 14.5 knots
Alcoa Defense awarded JHSV subcontract
“We are excited to be working with Austal on this groundbreaking fleet,” said David Dobson, president, Alcoa Defense. “Through our design and engineering expertise, we are helping to expedite the manufacturing process for the fleet while simultaneously making aluminum shipbuilding more affordable.”
Designed to secure cargo, equipment and vehicles in the JHSV’s mission bay, the all-aluminum tie downs are 50 percent lighter than conventional steel tie downs. The tie downs will be manufactured from high-strength aluminum by Alcoa’s facility in Auburn, Ind.
Collaboratively developed by Alcoa and Austal USA, the all-aluminum tie downs were designed to replace traditional steel tie downs, which require a more expensive, complex, labor-intensive process for joining and installation. The aluminum tie downs offer the same structural strength and performance as steel at a fraction of the weight and installed cost. Additionally, the aluminum tie downs enhance the long-term durability and structural integrity of the JHSV because, unlike steel, they will not produce galvanic corrosion when attached to the JHSV’s aluminum deck.
“We are now applying decades of experience in creating subassemblies for a variety of industries to build innovative, high-quality marine structures,” said Scott R. Kerns, vice president and general manager, Alcoa Transportation Products. “Alcoa makes it easier and more affordable for shipyards to integrate aluminum structures in their vessels.”
The announcement of the tie down subcontract follows Alcoa being awarded the subcontract for sheet and plate for the JHSV.
Alcoa Defense awarded JHSV subcontract
“We are excited to be working with Austal on this groundbreaking fleet,” said David Dobson, president, Alcoa Defense. “Through our design and engineering expertise, we are helping to expedite the manufacturing process for the fleet while simultaneously making aluminum shipbuilding more affordable.”
Designed to secure cargo, equipment and vehicles in the JHSV’s mission bay, the all-aluminum tie downs are 50 percent lighter than conventional steel tie downs. The tie downs will be manufactured from high-strength aluminum by Alcoa’s facility in Auburn, Ind.
Collaboratively developed by Alcoa and Austal USA, the all-aluminum tie downs were designed to replace traditional steel tie downs, which require a more expensive, complex, labor-intensive process for joining and installation. The aluminum tie downs offer the same structural strength and performance as steel at a fraction of the weight and installed cost. Additionally, the aluminum tie downs enhance the long-term durability and structural integrity of the JHSV because, unlike steel, they will not produce galvanic corrosion when attached to the JHSV’s aluminum deck.
“We are now applying decades of experience in creating subassemblies for a variety of industries to build innovative, high-quality marine structures,” said Scott R. Kerns, vice president and general manager, Alcoa Transportation Products. “Alcoa makes it easier and more affordable for shipyards to integrate aluminum structures in their vessels.”
The announcement of the tie down subcontract follows Alcoa being awarded the subcontract for sheet and plate for the JHSV.