Maritime Newsletter (Week 8)

Title: MarineDigital Newsletter
ISSUE 51, 20th, Feb. 2002
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 1. Daewoo Shipbuilding & Marine Engineering Co.,Ltd is approching to contract two(1+1) 22,000 cbm LPG Carriers at worth USD 32mill/ship.
 2. Samho Shipyard (Korea) contracted three(1+2) 3,000dwt product tankers with Sembcorp Logistics at worth USD 7.5mill. 
 3. NORDEN (Denmark) ordered two 55,000dwt bulk carriers from Mitsui Shipyard (Japan).
 4. Miura Shipyard (Japan) contracted three product tankers(two 4,999dwt & one 1,900dwt) with Japanese shipowner.
 5. TEPCO (Japan) ordered a 135,000 cbm LNG carrier from Mitsubishi Heavy Industries (Japan).
 6. SWS Shipyard (China) contracted a 150,000dwt FPSO.
 7. Hyundai Heavy Industries (Korea) two 172,000dwt Cape size Bulk carriers with Golden Union, at worth USD 36mill.
 8. Pertamina Shipping (India) plans to contract for newbuilding of 11 product tankers.
 9. Sanoyas Shipyard (Japan) contracted two 113,000dwt Aframax tankers with Seaarland shipping (Austria).
10. French energy company Gaz de France's newly contracted 74,000-cbm LNG carrier at Chantiers de l'Atlantique comes with a price tag of US$130.9mill.
11. Fincantieri shipyard contracted a Fast Ferry with Tirrenia Group.
12. Cummins and Mercury Marine to Form Joint Venture
Cummins Marine, a division of Cummins Inc., and Mercury Marine, a division of Brunswick Corporation, announced the formation of a 50/50 joint venture to supply integrated diesel propulsion systems to the worldwide recreational and commercial marine markets. The joint venture, Cummins MerCruiser Diesel Marine LLC, will be headquartered in Charleston, S.C. Under the terms of the agreement, Cummins will supply diesel engines 15 liters and below, including certain electronic displays and other hardware. Mercury Marine will supply the Mercury 1.7 liter, 2.8 liter, 4.2 liter and 7.3 liter diesel engines, drive units for sterndrive applications and their SmartCraft(R) electronic integration hardware.
13. Japan back to No. 1 in shipbuilding
Japan regained the title of the world's No. 1 shipbuilder in 2001, beating out rival South Korea for the first time in three years, according to industry data.
According to data from the Shipbuilders' Association of Japan and other organizations, domestic shipbuilders in 2001 received orders equivalent to 7.97 million tons on the basis of compensated gross registered tonnage -- a measurement for shipbuilding work.
The amount is 1.56 million tons more than the year before.
Orders for South Korean shipbuilders in 2001 totaled 6.41 million tons, down 3.99 million tons from the year before.
The two are the world's major shipbuilding countries and receive about 75 percent of global orders. Japan had enjoyed the No. 1 position until 1999, when South Korea overtook it with lower prices.
14. Shipbuilders Eye More Value-added Vessels
Most Korean shipbuilding firms ushered in 2002 with new strategies to win more shipbuilding orders for cutting-edge vessels, such as liquefied natural gas (LNG) carriers and offshore plants.
Korean shipbuilding firms began concentrating investments into the technical know-how for the construction of sophisticated vessels about three to four years ago, as shipbuilding cost for such value-added ships ran about two to three times higher than that of building conventional ones.
On the strength of their technical know-how, Korean ship-makers won shipbuilding contracts for a total of 23 LNG carriers last year, a sharp rise from only eight in the preceding year. Analysts said that the ships accounted for about 70 percent of the global orders and that another 100 LNG vessels will have to be built by 2010.
Korean firms also find that various offshore plants, such as a floating production storage and offloading (FPSO) system, used for offshore oil exploration, are more lucrative. They say that the global demand for such plants has been rising constantly and the construction period of such equipment is usually longer. Daewoo Shipbuilding has won contracts to build ten LNG carriers last year, and the firm said it will continue to exert all-out efforts to win new orders for such vessels this year. The firm also plans to expand its shipbuilding capacity of up to five LNG vessels to ten this year.
15. Acquisition of Hippo Marine Ltd
Fender care marine solutions acquired "Hippo Marine". an established manufacturer of marine safety products, both for offshore and onshore use.
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Manuf./export/import Anywhere
Vendor Worldwide
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Pilot Chairs Europe
Shipping Services World
Offer to Buy                                    SHIP SALE & PURCHASE (NEW LIST)                                Offer to Sell
Ships on Sale          (1251 ships)
Sailing Yacht 1985
Fast Ferry < 200 PAX 1985
Cruise Ship 1971
Ships on Purchase        (266 ships)
Dry Container Ship 1986~2002
Motor Yacht 1950~1970
Other Work Vessel 1986~1990
Offer to Buy                      NEW EQUIPMENT SALE & PURCHASE (NEW LIST)                       Offer to Sell
Sale (Updated Companies)       (1858 companies)
Inmarsat Systems Korea
Inmarsat, VDR, AIS Korea
Products on Purchase   (80 products)
Intercom System 2002-06-07
Electric cable retract 2002-07-01
SKL 6VD26/20-AL2 2002-04-01
USED PRODUCTS ON SALE   (122 products)
Offer to Buy                             Offer to Sell
Outboard UK
Concrete Pump Car Korea
MB-MTU Engine Germany
Offer to Buy                             Offer to Sell
LO. Purifier 2002-04-20
Engine 2002-02-09
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