Hong Kong: Tai Chong Cheang Steamship Co. (H.K.) Ltd. announced the contract signing of two 180,000 deadweight tons capesize bulk carriers to be built at Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME).
Delivery of the two vessels to "TCC" is scheduled during the 2nd and 4th quarters of 2011 respectively.The two vessels will be flying the HKSAR flag which brings the total number of Hong Kong registered vessels in TCC's fleet to 9 totaling an aggregate deadweight tonnage of 1.5 million tons. The two vessels will be built up to the classification standards of the American Bureau of Shipping (ABS) and is compliant with not only the latest maritime regulatory codes but will also carry the "Green Passport" notation of ABS meaning the vessel shall comply with ship scrapping convention codes and not be constructed with hazardous materials which will constitute an environmental threat. TCC Group Chairman and Chief Executive Officer Kenneth Koo remarked that the signing of these two vessels reflected not only the continued commitment to renew and bolster its core fleet of capesize bulk carriers, which presently totals 9, but also demonstrated TCC's long term strategy to own and manage a fleet of modern vessels with an average vessel age not exceeding five years of age. The two vessels also represents the 5th and 6th vessels that TCC has contracted with DSME since 2001. TCC owns and manages a fleet of modern bulk carriers and oil tankers, comprising of capesize and panamax bulk carriers as well as aframax and VLCC oil tankers, numbering 14 vessels and aggregating a total deadweight tonnage of almost 2.5 million tons.
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Friday, July 11, 2008
Australian yard clocks up world speed record
Perth: Hormux, the second of Austal’s two 65 metre vehicle-passenger ferries built for the Sultanate of Oman, has become the first diesel-powered vehicle ferry to reach a speed of 56 knots during sea trials off Western Australia last week. This makes it the fastest diesel-powered vehicle passenger ferry in the world.
Austal points out that it currently has 15 ferries operating in the Middle Eeast and that the unrivalled performance of the two 65 metre vehicle-passenger catamaran ferries showcases the world-class ability of the Australian yard. Homuz carries 208 passengers and 56 cars along an intended 180 nautical mile route. Onboard features also include a helicopter landing facility which will be capable of assisting in search and rescue and medivac operations. It is powered by four MTU 20 cylinder 1163 series diesel engines each producing 6,500 kW and driving Rolls Royce/Kamewa waterjets and is built under the survey of DNV, conforming to HSC 2000.
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Austal points out that it currently has 15 ferries operating in the Middle Eeast and that the unrivalled performance of the two 65 metre vehicle-passenger catamaran ferries showcases the world-class ability of the Australian yard. Homuz carries 208 passengers and 56 cars along an intended 180 nautical mile route. Onboard features also include a helicopter landing facility which will be capable of assisting in search and rescue and medivac operations. It is powered by four MTU 20 cylinder 1163 series diesel engines each producing 6,500 kW and driving Rolls Royce/Kamewa waterjets and is built under the survey of DNV, conforming to HSC 2000.
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New License Partner for Man Diesel in China
Shanghai: Large diesel engines manufacturer MAN Diesel has signed a licence agreement with one of China's largest engine manufacturers, the Weichai Holding Group, for the production of type 27/38 and 32/40 MAN Diesel four-stroke engines.
The future MAN Diesel licensee is Shandong Juli, a subsidiary of the Weichai Holding Group. The company already produces small-size medium-speed diesel engines with an output of up to 1,900 kW. The company's current production is 7,000 units per year, the majority of which are used as propulsionengines in ships. Shandong Juli is said to have a very significant market share in the region for this particular sector, but has so far not had any diesel engines capable of using heavy-fuel oil in its portfolio of products. With the licensed production of MAN Diesel engines, Shandong Juli will now be able to gain a share of this market too and expand its portfolio of engines to include models with an output of 2,000 kW and beyond. This had become necessary since Shandong Juli's customers are building increasingly large ships that require a commensurately high level of propulsion. As part of the production of MAN Diesel engines under licence, Shandong Juli will be investing in a new large-component foundry as well as a new facility for processing, assembling and testing located in the immediate vicinity of the coast. Shandong Juli's production and testing of the first engine is scheduled for the end of 2009.
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The future MAN Diesel licensee is Shandong Juli, a subsidiary of the Weichai Holding Group. The company already produces small-size medium-speed diesel engines with an output of up to 1,900 kW. The company's current production is 7,000 units per year, the majority of which are used as propulsionengines in ships. Shandong Juli is said to have a very significant market share in the region for this particular sector, but has so far not had any diesel engines capable of using heavy-fuel oil in its portfolio of products. With the licensed production of MAN Diesel engines, Shandong Juli will now be able to gain a share of this market too and expand its portfolio of engines to include models with an output of 2,000 kW and beyond. This had become necessary since Shandong Juli's customers are building increasingly large ships that require a commensurately high level of propulsion. As part of the production of MAN Diesel engines under licence, Shandong Juli will be investing in a new large-component foundry as well as a new facility for processing, assembling and testing located in the immediate vicinity of the coast. Shandong Juli's production and testing of the first engine is scheduled for the end of 2009.
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China forecast to be Brazil's top trade partner
Brazil is aiming to make China its biggest trade partner, according to a Brazilian trade official here on Wednesday, adding his country wants to triple its China exports to 30 billion U.S. dollars in 2010.
Welber Barral, Secretary of International Trade with Brazil's Ministry of Development, Industry and Trade, said the country was seeking more trade opportunities with China and a larger market share for its products in the mainland market. "Trade between Brazil and China has been rapidly expanding in recent years and we hope to keep the same, even faster growth," he said at a seminar.. China is now Brazil's third biggest trade partner, while the latter is China's top trade partner in Latin America. Sino-Brazilian trade volume soared 10-fold between 2000 to 2006,mostly in the fields of farm produce and raw materials, Barral said. There remained huge potential for the two countries to expand the scale and optimize the trade structure, said China's Vice Minister of Commerce Ma Xiuhong at the seminar. "We can complement each other a lot in science and technology, industry, agriculture and natural resources." Brazil's official figures show its China exports totaled 10.75billion U.S. dollars in value in 2007, with imports from China reaching 12.62 billion U.S. dollars. It was the country's first annual trade deficit with China in a decade. Trade volume between the two countries hit a record 29.7 billion U.S. dollars last year, 46.4 percent up year on year, according to China's Ministry of Commerce. On July 4, Brazil launched a China Agenda program aimed at boosting bilateral trade and to encourage more Chinese investment in Brazil. "We are looking forward to investment by Chinese enterprises in various sectors of Brazil, especially in infrastructure and logistics," said Miriam Belchior, executive secretary of Brazil's Growth Accelerative Program. The Brazilian Trade and Investment Promotion Agency was also opening a China office in September, said agency president Alessandro Teixeira. Brazil has invested 250 million U.S. dollars in China while Chinese enterprises have invested 150 million U.S. dollars in Brazil, according to China's Ministry of Commerce.
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Welber Barral, Secretary of International Trade with Brazil's Ministry of Development, Industry and Trade, said the country was seeking more trade opportunities with China and a larger market share for its products in the mainland market. "Trade between Brazil and China has been rapidly expanding in recent years and we hope to keep the same, even faster growth," he said at a seminar.. China is now Brazil's third biggest trade partner, while the latter is China's top trade partner in Latin America. Sino-Brazilian trade volume soared 10-fold between 2000 to 2006,mostly in the fields of farm produce and raw materials, Barral said. There remained huge potential for the two countries to expand the scale and optimize the trade structure, said China's Vice Minister of Commerce Ma Xiuhong at the seminar. "We can complement each other a lot in science and technology, industry, agriculture and natural resources." Brazil's official figures show its China exports totaled 10.75billion U.S. dollars in value in 2007, with imports from China reaching 12.62 billion U.S. dollars. It was the country's first annual trade deficit with China in a decade. Trade volume between the two countries hit a record 29.7 billion U.S. dollars last year, 46.4 percent up year on year, according to China's Ministry of Commerce. On July 4, Brazil launched a China Agenda program aimed at boosting bilateral trade and to encourage more Chinese investment in Brazil. "We are looking forward to investment by Chinese enterprises in various sectors of Brazil, especially in infrastructure and logistics," said Miriam Belchior, executive secretary of Brazil's Growth Accelerative Program. The Brazilian Trade and Investment Promotion Agency was also opening a China office in September, said agency president Alessandro Teixeira. Brazil has invested 250 million U.S. dollars in China while Chinese enterprises have invested 150 million U.S. dollars in Brazil, according to China's Ministry of Commerce.
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Queensland considers private funding for new coal terminals
Australia: The Queensland state government is exploring the option of two privately funded new coal terminals in the state’s central region.
An industry group of 17 companies interested in the new terminal is talking to private financiers about a model. The other option being considered is expanding Port Alma into coal exports. This comes with plans to boost exports to Asia, with the State Government planning to double production of coal by 2030, according to the Australian Financial Review. Queensland premier Anna Bligh predicted the state’s coal exports would hit 200 million tonnes a year within the next 18 months, and 370 million tonnes by 2030. Coal companies are hoping that the US$3.85 billion coal terminal at Gladstone and a possible new terminal at Port Alma would help to ease the struggle of the key ports and Queensland Rail to meet capacity targets. The Government is keen for the private sector to fund the Wiggins Island terminal at Gladstone, which is expected to ship 25 million tonnes of coal by 2012, with the aim of eventually transporting 84 million tonnes a year. The first stage of the development would cost US$1.35 billion. An industry group of 17 companies interested in the new terminal is talking to private financiers about a model. The other option being considered is expanding Port Alma into coal exports.
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An industry group of 17 companies interested in the new terminal is talking to private financiers about a model. The other option being considered is expanding Port Alma into coal exports. This comes with plans to boost exports to Asia, with the State Government planning to double production of coal by 2030, according to the Australian Financial Review. Queensland premier Anna Bligh predicted the state’s coal exports would hit 200 million tonnes a year within the next 18 months, and 370 million tonnes by 2030. Coal companies are hoping that the US$3.85 billion coal terminal at Gladstone and a possible new terminal at Port Alma would help to ease the struggle of the key ports and Queensland Rail to meet capacity targets. The Government is keen for the private sector to fund the Wiggins Island terminal at Gladstone, which is expected to ship 25 million tonnes of coal by 2012, with the aim of eventually transporting 84 million tonnes a year. The first stage of the development would cost US$1.35 billion. An industry group of 17 companies interested in the new terminal is talking to private financiers about a model. The other option being considered is expanding Port Alma into coal exports.
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