Shipbuilding. Energy. Transport

On-line supplement
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Shipbuilding. Energy. Transport Maritime Market magazine

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"Maritime Market" - 2016

Companies news
NEVA 2017
September 24, 2016

Media Kit 2017

Maritime Market #4(58), December 2016

New issue of "Maritime Market" #4(58) is preparing. Advertisement orders are accepted until November 21, 2016.
The magazine invites companies to conclude advertising contracts for 2017.
LINK Publisher: tel. +48 91 462 34 14

Global Internet service for Shipyards and Shipowners
September 23, 2016

Carnival Corporation Cruise Joint Venture in China Signs Memorandum of Agreement to Order First New Cruise Ships Built in China for the Chinese Market

Sept. 23, 2016 - Carnival Corporation & plc, the world's largest leisure travel company, today announced that its cruise joint venture in China has signed a non-binding memorandum of agreement (MOA) to order the industry's first new cruise ships built in China for the Chinese market. The MOA is subject to several conditions including closing of the joint venture, financing and other key terms.
As part of the new MOA, Carnival Corporation's cruise joint venture in China agreed to order two new cruise ships to be built by a newly formed China-based shipbuilding joint venture between China's largest shipbuilder, China State Shipbuilding Corporation (CSSC), and Italy-based Fincantieri S.p.A., the world's largest cruise shipbuilding company.
The MOA also grants Carnival Corporation's cruise joint venture the option to order two additional China-built cruise ships.

Gazprom discovers new field on Sea of Okhotsk shelf

In the course of geological exploration of the Kirinsky prospect in the Sea of Okhotsk, a prospecting and appraisal well was drilled in the Yuzhno-Lunskaya structure within the Sakhalin III project. As a result, a substantial gas and condensate inflow was reported, signaling the discovery of a new field.

Russiaĺs northernmost active oil field enters commercial production

A ceremonial event marking the launch of the Vostochno-Messoyakhskoye field took place today (Sept. 21).
The Vostochno-Messoyakhsky licensed block is located in the Gydan Peninsula (Taz District, Yamal-Nenets Autonomous Area). The nearest population center - the Tazovsky village - is 150 kilometers away from the field.
The project was executed despite the lack of industrial and transport infrastructure: in 2015–2016, some 400,000 tons of cargo was delivered to the field via water transport and winter roads.

Scania launched the production of marine engines meeting the requirements of TIER III

The new Scania engines have the same size as a current model range, so when you upgrade an existing installation of Scania there is no need to increase the area of the engine bed.
Scania has extensive experience of introducing the exhaust systems: SCR is a proven technology that has already been applied to industrial engines and engines for trucks.

Siemens to supply compact steam turbines to Russia and Turkey

Siemens has received two orders from Russia and Turkey for a model SST-111 compact steam turbine. One turbine was ordered by the Russian aluminum producer Rusal for a production facility in Volgograd and is to be delivered at the end of April 2017.
The other turbine is to be supplied to the Mimsan boiler manufacturer in Turkey. This turbine is to be used in a biomass plant of the owner Oltan Köleoglu Energy in the Turkish city of Mecitözü, a good 250 kilometers east of Ankara.
This SST-111 turbine is scheduled to take up operation in the summer of 2017. Both turbines will be manufactured at the Frankenthal site in Germany.

First special survey on project 19614 tankers has been completed

All company’s tankers built in 2011 have successfully passed first special survey
In September 2016, V.F. Tanker Ltd. (part of UCL Holding) finished the implementation of the scheduled range of activities in connection with the presentation for classification survey by the Russian Maritime Register of Shipping (RS) of the project 19614 tankers for the purpose of confirmation of their class and reliability of performance characteristics after five years in operation (also called special survey).

Successful launching for 38000DWT Stainless Steel Chemical Tanker(Hull No.HT-CT38-004)

On 22th September, The 38000DWT Stainless Steel Chemical Tanker(HT-CT38-004) we built for Sinochem Shipping Co.,Ltd.The vessel is classed by LR and CCS.
The leaders from yard, owner representative and class representative attend the ceremony.

New European research project SHIPLYS to advance ship design and production process started

The European Commission has granted 6.2 Million Euros for a new research project called SHIPLYS (Ship Lifecycle Software Solutions). The project gathers a team of 12 leading maritime companies and research facilities from several European countries in order to develop simulation and modelling tools that will minimise the time and costs involved in ship design and production.
The main objective of SHIPLYS is to improve the competitiveness of the European shipyards by supporting SME naval architects, shipbuilders and ship-owners to survive in the world market.

Wärtsilä to divest its Drives products and associated manufacturing

Sept. 23, 2016 - The Switch, a technology specialist of advanced drive trains, announced its acquisition of Wärtsilä’s marine drives business that encompasses specialized megawatt-class power drives targeting marine applications.
The Yaskawa-backed investment gives The Switch a stronger foothold in its growing marine business area. Together, The Switch and the Norway-based marine drives business aim to benefit from a number of inherent added-value synergies, including a stronger machine and drive package offering, a broader product range and a wider market access.

Wärtsilä to divest its Drives products and associated manufacturing

Wärtsilä has agreed to divest its power drives business to Finland based The Switch. The divestment will encompass Wärtsilä’s Medium and Low Voltage power drives specialised for marine applications. The assets include the company’s test centre and parts of its manufacturing facilities in Stord, Norway.
This business has earlier been a part of Wärtsilä’s Electrical & Automation (E&A) business line. Following the acquisition, the Switch will serve as one of the supply chain partners to Wärtsilä’s E&A business. The divestment is expected to be completed latest in November this year.

Cargotec plans to re-organise operations at the acquired maritime software company INTERSCHALT

Cargotec plans to re-organise operations at the maritime software company INTERSCHALT. The re-organisation is estimated to affect INTERSCHALT personnel in Germany, USA (Houston) and China (Shanghai). It is estimated that some INTERSCHALT's production and design work will be discontinued or outsourced and some INTERSCHALT locations will be closed.
Cooperation negotiations have started at INTERSCHALT and they will affect tens of employees. INTERSCHALT employs at the moment 223 persons. Some employees will be offered a transfer to another location within Kalmar or MacGregor. The aim is to finalize negotiations by the end of 2016 and the resulting changes will be completed during 2017. The savings resulting of these activities are expected to amount to approximately EUR two million annually from 2017 onwards.

Potential accumulation losses threatening the financial stability of insurance companies, says IUMI President

Closing this year’s IUMI 2016 marine insurance conference in Genova today, IUMI President, Dieter Berg expressed concern over the increasing number of large marine losses and their potential to put severe financial strain on insurance companies.

Autonomous Maritime Ecosystem Starts in Finland

Finland's autonomous maritime ecosystem initiative aims to build a common roadmap for reaching autonomous marine operations, enabling effective co-operation between industry, research institutes, class societies and authorities.
New business ecosystem brings together global forerunners and agile ICT start-ups to develop first autonomous shipping solutions in the world.
Empowering the digitalization and harvesting effectively its benefits is priority area in the Governmental Program of Finland. Digitalization has also a strong role in the development of the competitiveness of the Finnish maritime cluster. Autonomous maritime ecosystem is a concrete action of Finnish digitalization strategy and Finnish Marine Industries envisioning.

Industry news
IMDS 2017
September 23, 2016

Ice-class heavy lifters were designed and built in two years

A massive energy project in the Arctic Circle has seen a unique class of Polar Class 3 heavy transport vessels designed, built and enter service to meet a schedule some regarded as impossible
At US$27 billion, the Yamal liquefied natural gas (LNG) project is a massive one by anybody’s standards, but the fact that it is above the Arctic Circle only makes it more remarkable.
Located at Sabetta on the Yamal Peninsula in northern Russia, the new facility will produce and export Russian LNG from vast reserves in the Russian Arctic to Europe and Asia with transport via the Northern Sea Route. Yamal LNG is due to export its first LNG exports to Asian Markets in 2017.

Russian shipyard completes equipping Arktika icebreaker with nuclear reactors

Russia’s Baltic Shipyard completed erecting of the RITM-200 reactor units at the Arktika icebreaker having equipped the vessel with a second steam generating unit - a key stage of the vessel’s construction, the plant said on Tuesday (Sept. 20).

No Artificial Plan for Merger, Abolition of Shipbuilding, Steel and Petrochemical Companies

The government mapped out a restructuring plan to give financial and tax support to self-restructuring companies without the artificial merger and abolition of shipbuilding, steel and petrochemical companies.
With an eye towards inducing R&D and M&A, the government is planning to make good use of the Korea Development Bank’s financial power.

September 22, 2016

Maersk Ends Mega-Ship Building Era With New Acquisition Plans

The owner of the world’s largest container shipping line will stop ordering newly built vessels and instead pursue takeovers in an industry that has been plagued by overcapacity for almost a decade.
A.P. Moeller-Maersk A/S, whose Maersk Line unit has repeatedly broken the world records it has regularly set in mega container ships developed with Asian ship yards, “is done with ordering new steel,” Chairman Michael Pram Rasmussen told Bloomberg at the the company’s Copenhagen headquarters.

Maersk to Split Group Into Separate Transport, Energy Companies

A.P. Moeller-Maersk A/S will split into separate transport and energy businesses as Denmark’s biggest company moves ahead with an historic shake-up of the conglomerate.

Coscocs starts restructuring of shipbuilding assets

China Cosco Shipping Corporation (Coscocs), the shipping conglomerate formed by the merger of Cosco and China Shipping, has started the restructuring of its shipbuilding assets.
Coscocs will use its subsidiary Cosco Shipbuilding Industry as a restructuring platform and transfer all shipbuilding and ship repair assets including Cosco Shipyards, China Shipping Industry, NACKS and DACKS into the platform.

Sheikh Al-Sharqui officially opens Port of Fujairahĺs new $175m VLCC berth

The Port of Fujairah’s (POF) position as an influential energy trading hub has been bolstered following the inauguration of its new $175m VLCC jetty.
The ruler of the UAE emirate, HH Sheikh Hamad bin Mohammed Al-Sharqui, officially opened the berth in a traditional Emirati ceremony at the government-owned port 130 km east of Dubai on Wednesday.

POF reclaimed more than 10.25m sqm of land using 22m tonnes of rock to reach the 26 m deep-water draft necessary for 24 hour VLCC operation.

Schlumberger Wins Part of $3.2 Billion Drilling Project in Venezuela

Billed as ‘one of the world’s largest drilling projects,’ Orinoco project marks about-turn for Schlumberger, which cut hundreds of workers earlier this year.

Russiaĺs belated Greek gambit

Now that the Turkish Stream gas pipeline project is back on the agenda, Russia is making a push for a new "southern corridor" that would see its gas pumped across Greece to the Balkans and Central Europe.

September 21, 2016

Novatek aims for first Yamal LNG cargoes in 2017

Novatek, Russia's second biggest gas producer, plans to launch liquefied natural gas (LNG) production at Yamal in the second half of 2017 and to ship its first cargoes before the end of that year, a senior executive said.
Novatek, which is under Western sanctions over Moscow's role in the Ukraine crisis, needs to deliver its Yamal project on schedule to reassure investors who stumped up some of the $27 billion cost of what will be Russia's second LNG plant.

Russiaĺs Lukoil eyes further investment in Iranĺs oil industry

Judge Approves Primorsk Shippingĺs Liquidation

Plan calls for Primorsk distributing proceeds of oil tanker fleet sale to creditors
Primorsk International Shipping Ltd. won final bankruptcy-court approval of a liquidation plan that divvies up proceeds from the sale of its oil tanker fleet to Russia’s Sovcomflot.
Primorsk’s chapter 11 case got off to a rough start after a fight with lenders but, during a hearing in Manhattan Tuesday, a lawyer for Primorsk told Judge Martin Glenn that its debt-repayment plan had been unanimously approved by creditors in a polling process it began in late August.

Second helicopter carrier sold to Egypt leaves French port

The two helicopter carriers of the Mistral-class that Egypt purchased from France were originally built for the Russian Navy.

September 20, 2016

DW predicts sea change in LNG

Douglas-Westwood (DW) has released an article stating that market developments in the next 5 years are expected to have a significant impact on the construction of LNG carriers, as well the primary LNG trading routes.

US Coast Guard Orders Continued Development of New Patrol Boat Fleet

A Florida shipbuilding company has won a contract to continue work on designing nine new patrol boats, or offshore cutters, to guard US domestic waters, the Department of Homeland Security (DHS).
The contract includes $110.2 million for detail design of the Offshore Patrol Cutter and options for production of the lead ship and up to eight follow-on cutters.

Coming Events
Maritime Vortal
September, 2016

The Maritime CIO Forum Rotterdam

Sept. 29, 2016 • Rotterdam, Netherlands

Direct Email
October, 2016

Offshore Marintec Russia

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


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


Oct. 18-21, 2016 • Kish Island, Iran

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

January, 2017

Euromaritime 2017

Jan.31 - Feb.2, 2017 • Paris, France

March, 2017

Fujairah Bunkering & Fuel Oil Forum

March 27-29, 2017 • Fujairah, UAE

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


Sept. 11-13, 2017 • Gdańsk, Poland


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

October, 2017

INMEX SMM India 2017

Oct. 3-5, 2017 • Mumbai, India

November, 2017

Europort 2017

Nov. 7-10, 2017 • Rotterdam, Netherlands

[Complete List]

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