According to the Korean Shipbuilders’ Association (Koshipa), nine of its member companies will deliver 522 ships this year, about a hundred ships more than in 2007. Hyundai Heavy Industries passed a major milestone last year when it delivered over 100 vessels for the first time, and other yards like Samsung, Daewoo, STX and Hanjin have all reported an increase in output levels. Nine of the member companies affiliated with Koshipa account for 90 percent of the total ship building production in Korea.
Friday, January 16, 2009
South Korea to deliver over 500 ships in 2009
South Korean builders seem unfazed by the global financial downturn as its largest shipbuilders are set to deliver the highest-ever number of ships in 2009.
GL buys Singaporean oil and gas firm
Singapore-based "International Refinery Services Pte Ltd" (IRS) is the latest addition to Germanischer Lloyd (GL).
With the acquisition of the asset management expert company, the GL Group is expanding its service portfolio for the petroleum, oil and gas industry. "With IRS, the GL Group adds substantial expertise in risk management and capacity of advanced inspection techniques," said Pekka Paasivaara, Member of the Executive Board Germanischer Lloyd at the press conference in Singapore. Previous acquisitions in Great Britain, Canada, the U.S. and Malaysia over the past 18 months have strengthened the technical portfolio of the GL Group considerably. With its latest acquisition, GL will be able to provide extended services specifically to the oil and gas industry in the Asia-Pacific region. Germanischer Lloyd offers engineering consultancy, technical assurance, asset management, risk and safety consultancy, industrial inspections and software solutions to the oil & gas industry. The holistic service offering is directed at owners and operators of complex plants and installations. With the additional expertise of IRS, Germanischer Lloyd will now be able to further extend its network and service portfolio especially in Australia, Singapore, the Philippines and the Asia-Pacific region.
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Japan's major yards post high completion volume figures for 2008
Six major Japanese builders have posted the completion volumes of their shipyards for 2008, showing a total of 108 ships built in the heavy industries, totaling some 7.24 million GT, an increase of 18.2 percent over 2007.
Universal Shipbuilding posted a completion volume of more than two million GT for the second year in a row; while the main shipyard at Maizuru Shipyard’s completion volume was over one million GT. The other four yards posted completion volume figures of 2.07 million GT. The overall completion volume at Mitsui Engineering & Shipbuilding (MES) was 1.35 million, which represents a 14.4 percent increase from 2007. Mitsubishi Heavy Industries’ completion volume saw an increase of nearly one third at 32.2 percent (1.34 million FT), IHC Marine’s overall completion volume was up 42.2 percent (1.21 million) and Kawasaki posted a 46.3 percent increase from 2007 at 790,000GT.
Vinashin launches offshore floating storage unit with a 150,000 DW
The Vietnam Shipbuilding Industry Group (Vinashin) launched the FSO-05, an offshore floating storage unit with a 150,000 DWT (Dead Weight Tonnage).
The US$190 million FSO, built on order of the PetroVietnam Technical Services Joint Stock Company (PTSC), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), is the first floating storage unit ever built in Vietnam and the biggest ever shipbuilding deal between the two domestic firms. “It is also the biggest product built by Vinashin so far, which once again strengthened our foothold in the world shipbuilding market” said Vinashin’s CEO Pham Thanh Binh at the launch ceremony in Hai Phong’s Nam Trieu Shipyard. The FSO-05 will be able to receive 15,000 tonnes of oil a day and has an offload capacity of 3,500-5,000 tonnes of oil per hour, he added.
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Gail ‘may pump D6 gas’
The Gas Authority of India Limited, the subcontinent’s largest gas pipeline operator, may be in line for exclusive marketing rights for gas produced from Reliance Industries’ offshore D6 Block.
The Bombay High Court, which is hearing a dispute over how gas from the project should be supplied to power generators and fertilizer companies, may appoint Gail to manage the flows. The court had reportedly said that it could change an existing injunction preventing Reliance from selling the gas to anyone other than Reliance Natural Resources, a separate midstream arm of India’s giant Reliance comglomerate. Gas from the project, which is set to flow by the end of next month, will be landed at Kakinada, in Andhra Pradesh state. Another official said government official had held talks with Reliance and Gail over the matter as early as six weeks ago.
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