Shipbuilding. Energy. Transport
SMM 2016

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June 30, 2016

Maritime Market #3(57), September 2016

New issue of "Maritime Market" #3(57) is preparing. Advertisement orders are accepted until Aug. 21, 2016.
The magazine will be distributed on the exhibitions Offshore Marintec Russia, TRANSTEC (St.Petersburg, Russia).
LINK Publisher: tel. +48 91 462 34 14
e-mail: info@maritime.com.pl


MS&D: Strategies for Maritime Security

Sept. 7, 2016 • Hamburg, Germany
The responsibilities of navies and coast guards are becoming more complex and demanding. At MS&D, the International Conference on Maritime Security and Defence held in conjunction with SMM, high-ranking experts will discuss current trends and future challenges.


Damen signs MOU with Sydney City Marine

Agreement will create an expansion to existing Services network for Damen clients
June 30, 2016 - Damen Shipyards Group and Sydney City Marine have signed a Memorandum of Understanding (MOU) outlining the future cooperation of the two companies concerning the repair and maintenance of Damen-built vessels in Australia and New Zealand. The MOU lays the groundwork for expansion of Damen’s Services network in Australia.



Delgado Fire and Industrial School Deploys Transas / XVR Simulation Technology

In a brand new 19,000 square foot Maritime and Industrial Training Center in New Orleans, Louisiana, the Delgado Fire and Industrial School offers industry leading training by combining Transas and XVR simulation technology.
Delgado is the first training center in the world to deploy XVR Incident Command simulation solutions in conjunction with their extensive suite of Transas full mission, part task and classroom marine simulators. The center will be attended by 10,000 students each year.



NOVATEK obtains new license areas on the Gydan peninsula

OAO NOVATEK announced today (June 30) that its subsidiary OOO NOVATEK-Yurkharovneftegas obtained the right to explore and appraise licenses for the West-Solpatinskiy, North-Tanamskiy and Nyavuyahskiy license areas located in the Yamal-Nenets Autonomous Region in the central part of the Gydan peninsula. The license duration is seven years.


Gener8 Maritime, Inc. Announces Amendment to its Sinosure Facility Agreement to Provide Financing for Two Additional Newbuild Vessels

June 30, 2016 - Gener8 Maritime, Inc., a leading U.S.-based provider of international seaborne crude oil transportation services, today announced that it has entered into an amendment to an existing senior secured credit facility dated November 30, 2015 to finance the delivery of the Chiotis and the Miltiades, the last two ECO VLCC newbuild vessels to be delivered from China's Shanghai Waigaoqiao Shipbuilding (SWS).


Seaspan Acquires Two Newbuilding Vessels and Associated 17-Year Charters for $195.6 Million

June 29, 2016 - Seaspan Corporation announced today that it has acquired two newbuilding 11000 TEU vessels from Greater China Intermodal Investments LLC (GCI) for a total purchase price of $195.6 million.
These vessels will commence 17-year bareboat charters with MSC Mediterranean Shipping Company S.A. (MSC) upon their respective deliveries, collectively producing annual cash receipts of approximately $17.7 million in the first full year of operation.
MSC is obligated to purchase the vessels for a pre-determined amount at the end of their respective charters. These two vessels are sister ships to the three vessels Seaspan has scheduled for delivery in 2017 and chartered to MSC.


ClassNK amends Rules and Guidance

Leading classification society ClassNK has amended its Rules and Guidance for the Survey and Construction of Steel Ships in response to the latest industry developments, including amendments made to the International Code for the Construction and Equipment of Ships Carrying Liquefied Gases in Bulk (IGC Code).


3.500 ton shiplift order to Kuwait Oil Company

TTS Group ASA has secured a new contract for delivering a 3.500 ton shiplift to Kuwait Oil Company with an order value of approx. MNOK 68.
The contract is with Turkish STFA, for their Kuwait Harbour project.
TTS's delivery includes design and key-component package. Completion will be completed in second half of 2017.


Gibdocks growing offshore status underlined by Solstad return

Gibraltar’s Gibdock shipyard has completed an extensive package of work on Solstad Shipping’s Normand Cutter. The 127m long, 10,979grt construction support vessel (CSV) left the yard on June 29th following a 22-day drydock programme, which included a comprehensive overhaul of its entire propulsion system.
Norway-based Solstad has become a regular Gibdock customer, entrusting the yard with work on a number of high-tech offshore vessels over the past decade. The 2001-built Normand Cutter is in fact a repeat visitor to the yard, having previously docked at Gibdock in April 2011 for its last 5-year special survey.



Kalmar wins an order for 14 new Kalmar T2 terminal tractors from Abu Dhabi Terminals

Kalmar, part of Cargotec, is to deliver 14 new Kalmar T2 terminal tractors to Abu Dhabi Terminals' (ADT) who operate and manage the Khalifa Port Container Terminal (KPCT), which is the first semi-automated container terminal in the Middle East.
The order was booked in Cargotec's 2016 second quarter order intake, with delivery taking place in the beginning of October 2016.



Xeneta sees no silver lining for container shipping in Brexit storm

Xeneta, the leading global benchmarking and market intelligence platform for containerized ocean freight, believes that the UK’s decision to leave the European Union will impact negatively on all parties involved in the container shipping segment - from shippers, to freight forwarders and the container carriers themselves.
The firm, which crowd sources freight rates on over 60,000 port-to-port pairings worldwide, believes that the only thing that is certain right now is uncertainty.


Equip4ship
June 29, 2016

Sea Installer crane upgrade complete

A2SEA-owned jack-up leaves Damen Shiprepair Amsterdam able to handle bigger offshore wind installation projects
Damen Shiprepair Amsterdam (DSAm) has concluded major modification works on the Sea Installer. The principle scope of work involved the extension of the main crane boom, giving the A2SEA-owned offshore wind farm installation vessel increased reaching capacity: a pertinent point considering the trend of the increasing size of offshore wind turbine components. Other work comprised structural modifications as a consequence of the larger crane.


Marine People Partnership Report Highlights Strategies for the Long Term Success of Canada's Shipbuilding Industry

The Institute for Ocean Research Enterprise (IORE), in partnership with Irving Shipbuilding Inc., released today (June 27) the results of a Marine People Partnership report intended to inform the development of a sustainable national marine industry workforce.
The Marine People Partnership report addresses the challenges, needs and opportunities for strategic workforce development in the greater marine industry, which includes shipbuilding and ship repair sectors, as well as the companies that directly and indirectly support them.


Sembcorp Marine Acquires a 50% Stake in KANFA Aragon AS

June 28, 2016 - Sembcorp Marine Ltd is pleased to announce that it has acquired a 50% equity stake in KANFA Aragon AS for NOK 20 million from Sevan Marine ASA. A joint venture agreement will be entered into with Holding KA AS, formed by the existing management and employee shareholders, who hold the other 50% of the shares in Aragon.
It is agreed with Sevan Marine ASA that Aragon will cease to use the name “KANFA” within 6 months after the Acquisition.


Industry news
IMDS 2017
June 30, 2016

Russian Military Industry Set to Become Driver of Civilian Economy

Economic analyst Dmitri Pskezin comments on the Russian government's plans to successfully convert cutting-edge developments in Russia's military sector to the civilian economy.
Last week, Deputy Prime Minister Dmitri Rogozin, responsible for the development of Russia's defense industry, announced that by 2020, the country's military-industrial complex would become the driver of the Russian economy.


Gazprom may unfreeze South stream project promptly - official

The talks on the South Stream financing may be resumed promptly
Russia’s largest gas producer is ready to unfreeze the South Stream gas pipeline project within a short period of time in case the political environment changes, Gazprom Deputy Chairman of the Management Committee Andrey Kruglov said Wednesday (June 29).


June 29, 2016

Ships Have Gotten Too Big

The shipping industry is struggling through its worst recession in half a century, and that icon of globalization - the mega-container ship - is a major part of the problem.
With global growth and trade still sluggish, and the benefits of sailing and docking big boats diminishing with each new generation, ship owners are belatedly realizing that bigger isn't better.


Ice-ship specialist active despite offshore downturn

The last couple of years have been challenging ones for owners and operators of ice-class offshore support vessels (OSVs) with a steep decline in the oil price causing plans for exploration and production activity in Arctic and ice-prone regions to be put on the back burner.
This has led to reduced demand for ice-class units and reduced interest in developing new ice-class OSV designs. Shell, one of the few companies that was still committed to the Arctic region - and to offshore Alaska in particular - has pulled back from the region for the time being.


Russia, China chart new trade course

Rosneft among the Russian companies making new deals in the Chinese market.


South Korea's Shipbuilding Crisis

Can the South Korean state arrest what looks to be an imminent crisis in the shipbuilding industry?
The Korean shipbuilding industry has plunged into a deep crisis. The three biggest shipbuilding firms - Daewoo, Hyundai Heavy, and Samsung Heavy - posted record combined losses in 2015, and 2016 looks no better.
Combined with a major accounting scandal and ongoing concerns about the viability of the market, South Korea could face a major shift in the viability of one of its most important industries.


China Shipbuilding to Raise 3.9 Billion Yuan to Cut Debt

China Shipbuilding Industry Co. plans to raise as much as 3.9 billion yuan ($587 million) through a private share sale to reduce debt.
The company intends to sell 718 million shares at 5.43 yuan each to its parent, China Shipbuilding Industry Corp., and two wholly owned units of the group, it said in a statement dated Tuesday to the Shanghai Stock Exchange.
Shipbuilders worldwide are seeking to raise funds after posting losses as orders declined or were delayed. Oil prices have fallen more than 50 percent in the past two years, damping demand for new vessels and offshore products.


Nautilus Questions UK Chamber of Shippings Neutral Stance on Brexit Referendum

Nautilus International, the UK-based global trade union representing maritime professionals, is criticizing the UK Chamber of Shipping for remaining neutral on the impact of the Brexit referendum on British seafarers and shipping as shipowners have started to consider changing flags of their UK-registered vessels.


Five Insights on How the Panama Canal Expansion Affects the Local Bunker Industry


June 27, 2016

Panama Canal Opens $5B Locks, Bullish Despite Shipping Woes

With a band playing and flags waving, a Chinese ship carrying more than 9,000 containers on Sunday (June 26) entered the newly expanded locks that will double the Panama Canal's capacity in a multibillion-dollar bet on a bright economic future despite tough times for international shipping.
Several tug boats pulled "Cosco Shipping Panama" into the new locks at Agua Clara under a cloudy sky in Colon province, about 80 kilometers (about 50 miles) north of the capital.
Nearly two years late due to construction delays and labor strife, the $5.25 billion project formally launched with the transit of the 158-foot-wide (48.2 meters), 984-foot-long (300 meters), Chinese-owned container ship. It's one of the modern class of mega-vessels that will now be able to use the canal.


Rosneft Agrees to Sell Siberia Stake as Putin Boosts China Ties

Rosneft PJSC, the world’s largest publicly traded crude producer, agreed to sell a stake in a key unit to China as Russian President Vladimir Putin seeks to bolster energy ties with Asia.
The state-run company committed Saturday (June 25) to negotiating the sale of 20 percent of its Verkhnechonsk unit to Beijing Enterprises Group Co., Rosneft said in a statement. The deal was signed in Beijing in the presence of Putin and Chinese President Xi Jinping, during a visit meant to boost trade between the two countries.


VEB guarantees US$3 billion of debt to Yamal LNG project

VEB - the Russian development bank - has confirmed that it has provided a guarantee of US$3 billion of debt to the Novatek-led Yamal LNG project. The bank claims that this will help to encourage overseas financing for the project.


Rosneft, China Shipbuilding Corp. Sign Contract for Floating Transfer Dock

Rosneft CEO Igor Sechin said that Rosneft and China Shipbuilding Industry Corporation (CSIC) made a strategic decision to develop an unprecedented industrial complex with leading edge equipment and technologies to help fulfill the shipbuilding requirements for the Russian Federation and to successfully compete in global shipbuilding markets.


New player could reshape Russian container trade

A new containerized cargo transportation firm able to compete with global majors may soon appear in Russia using Transcontainer, Russia’s leading containerized transportation company, as its base.
Russian shippers have already expressed concerns about the prospective company because it could dominate the market and dictate prices due to a lack of real competition.
It is expected that the financial conglomerate Summa Group, which owns 24.1 percent of Transcontainer through the Russian container line Fesco, will acquire a 50 percent stake in Transcontainer from the national railway monopoly RZD.


June 24, 2016

Funding for Russian defense industry program to amount to $26.2 billion

According to the Russian deputy prime minister, the volume of military products increased by 20%
The total amount of budgetary allocations for Russia’s state defense industry development program will reach 1.67 trillion rubles (roughly $26.2 billion), Deputy Prime Minister Dmitry Rogozin said on Friday (June 24) at a meeting on the state defense order fulfilment in the Far Eastern Federal District.


Coming Events
Maritime Vortal
September, 2016

SMM

Sept. 6-9, 2016 • Hamburg, Germany




Digital Ship during SMM

Sept. 8, 2016 • Hamburg, Germany




The Maritime CIO Forum Rotterdam

Sept. 29, 2016 • Rotterdam, Netherlands



Direct Email
October, 2016

Offshore Marintec Russia

Oct. 4-7, 2016 • Saint-Petersburg, Russia




TRANSTEC 2016

Oct. 4-6, 2016 • Saint-Petersburg, Russia




The Maritime CIO Forum Singapore

Oct. 13, 2016 • Singapore




Oil & Gas Vietnam (OGAV)

Oct. 18-20, 2016 • Vung Tau, Vietnam




Marine Vietnam 2016

Oct. 18-20, 2016 • Vung Tau, Vietnam




Shiptec China 2016

Oct. 25-28, 2016 • Dalian, China




Danish Maritime Fair

Oct. 25-27, 2016 • Copenhagen, Denmark



December, 2016

Saudi Transtec 2016

Dec. 5-7, 2016 • Dammam, Saudi Arabia




INMEX China 2016

Dec. 7-9, 2016 • Guangzhou, China



May, 2017

Nor-Shipping 2017

May 30 - June 2, 2017 • Oslo, Norway



June, 2017

International Maritime Defence Show (IMDS-2017)

June 28 - July 2, 2017 • Saint Petersburg, Russia



September, 2017

NEVA-2017

Sept. 19-22, 2017 • Saint Petersburg, Russia




[Complete List]



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