On 12th April Damen Shipyards Group launched the second of its fully electric RSD-E Tugs 2513 at Damen Song Cam Shipyard. The tug is being built for the Port of Antwerp-Bruges, together with five conventional RSD Tugs 2513. When delivered later this year, it will be the first fully electric tug to operate in European waters. The port was one of the first to operate a conventional RSD Tug 2513 following Damen’s release of the vessel onto the market in 2018. It was the success of this vessel that led ...

China State Shipbuilding Corp (CSSC) has signed an agreement to build 18 ultra-large ships for QatarEnergy to transport liquefied natural gas (LNG), Chinese state broadcaster CCTV said on Monday. The agreement was signed at a ceremony on Monday, CCTV said, adding that the vessels would be the world’s largest with a capacity of 271,000 cubic meters each. In March, QatarEnergy said it had finalised a number of charter contracts with several Asian ship owners to bolster its shipping fleet by 19 LNG vessels ahead of a massive expansion in LNG ...

Damen Services Canada recently celebrated the opening of a new service centre in Victoria, BC Canada. Damen Services began operations in Canada in 2019 to provide warranty support for delivered vessels. The new office provides the opportunity to expand with a wider range of vessel support in North America, including parts sales, technical support and maintenance services. Over the years, many Damen vessels have been delivered to both the east and west coasts of Canada. As more and more customers found their way to the Canadian Service Hub, the support ...

China’s self developed cylindrical floating, production, storage and offloading (FPSO) facility, Haikui 1, was delivered in Qingdao, east China’s Shandong Province on Friday, marking a major breakthrough in the country’s deepwater oil and gas equipment development. With a designed displacement of 100,000 metric tons, Haikui 1, the Asia’s first FPSO facility, has a maximum oil storage capacity of 60,000 metric tons and is capable of operating for 15 years at the sea without returning to the dock. Composed of 600,000 components, the facility has a diameter of about 90 meters ...

President Biden wants to bring shipbuilding back to the U.S., but it won’t be easy for a domestic manufacturing industry that has been miniscule since the 1980s. The recent announcement by the Biden administration of a new trade investigation into China’s dominance of the ship manufacturing sector — linked to its broader industrial policy to rival China and boost the U.S. steel industry — is at odds with economic reality, according to maritime industry analysts. They tell CNBC that Biden’s shipbuilding talk is more campaign promise than reality, and it ...

The GTT Group, technological expert in membrane containment systems for the transport and storage of liquefied gases, is proud to announce the filing of a total of 64 patents in 2023, an increase compared to 2022, thus maintaining its position as a technological leader in the category of intermediate-sized enterprises (ETIs). With 61 patents filed with the INPI, GTT secures the second position in the 2023 INPI ranking of patent-filing ETIs. The Group also filed three more patents with the European Patent Office (EPO) in 2023. Over the past decade, ...

GTT announces its intention to launch its international employee shareholding plan. The operation, which will offer the opportunity to nearly 720 employees to become shareholders of the GTT group (hereinafter the “Group”), is being deployed in Germany, China, the United States, France, Iceland, Singapore and the United Kingdom. The plan is offered within the framework of the French Group Savings Plan (“PEG”) and the International Group Savings Plan (“PEGI”) set up within the Group. Shares will be subscribed through an employee shareholding fund (an “FCPE”) or, in some countries, directly ...

Since mid-March, Korea’s leading shipbuilders have seen a significant uptick in their stock prices. Despite a sluggish start to the year due to a saturated order book and limited production capacity, renewed optimism has emerged among investors, possibly due to the anticipated benefits from escalating trade tensions between the US and China, along with the depreciation of the Korean won. Whether the trade war is the exact cause is unclear, particularly due to limited American purchasing power within the maritime sector. However, analysts now see an increasing shift from the ...

Singapore’s Keppel KPLM.SI said on Thursday its first-quarter net profit excluding the effects of legacy offshore and marine assets was higher, boosted by strong performance in the global asset manager’s infrastructure and connectivity segments. Including its legacy offshore and marine assets such as profit and loss effects from Seatrium shares SEAT.SI, among others, Keppel’s profit during the quarter fell, the company said in a statement. Keppel has been actively de-risking its investments through divestments of non-core assets such as Keppel Offshore & Marine. It sold the business last year for ...

Damen Shipyards Group launched a Combi Freighter (CF) 3850 at the Ba Son Shipyard in Vietnam. The CF 3850 is the first in a two-vessel order from Germany-based shipping company Reederei M. Lauterjung. Following this order, Damen’s client has placed an order for a third CF 3850. The vessels are to be named MV Arion, MV Hestia and MV Neptune. Collaboration of family companies The orders for the CF vessels mark the first time that the family companies have worked together. Reederei M. Lauterjung Managing Director Kay Lauterjung says that ...

Samsung Heavy Industries filed a lawsuit recently against Korea Gas Corp. (KOGAS) to avoid taking responsibility for defective cargo holds installed in two liquefied natural gas (LNG) carriers sold to SK Shipping in 2018, the shipbuilder said Tuesday. The latest legal battle came as Samsung Heavy paid $290 million to SK Shipping earlier this month in compliance with the London Maritime Arbitrators Association’s decision last December. Samsung Heavy claims that KOGAS should reimburse the entire amount as the state-owned natural gas company led the development of the problematic cargo holds, ...

Korean shipbuilding stocks have been rallying as expectations grow that the Korean shipbuilding industry will enjoy reflective benefits from US sanctions against China. According to the Korea Exchange on April 23, Hanwha Ocean closed at 34,750 won (US$25.35), down 2550 won, or 7.92 percent, from April 22 but it has risen nearly 20 percent in four trading days. On April 17 (local time), the White House said the Office of the United States Trade Representative (USTR) was investigating China’s unfair trade practices in the shipbuilding, offshore and logistics sectors. On ...

HD Hyundai Heavy Industries (HHI) announced on April that it has signed a memorandum of understanding (MOU) with Philly Shipyard in Pennsylvania of the United States to provide new shipbuilding and maintenance, repair and overhaul (MRO) services for US naval and government vessels for the U.S. government. Under the agreement, HD HHI will support Philly Shipyard expanding its U.S. shipbuilding business, by designing ships and pipelines and supplying material packages. The Korean shipbuilding giant has been cooperating with Philly Shipyard since 2005, supplying drawings and materials in the field of ...

Ship recycling or shipbreaking in Alang fell to a new low, with 125 ships dismantled in FY24 compared with 131 ships in the previous year, data from the Ministry of Ports, Shipping and Waterways and the Gujarat Maritime Board showed. Shipbreaking yards in Alang recycled 944,069.25 of light displacement tonnage (LDT) in FY24 compared to 1,147,480 LDT in FY23 and 1,093,450 LDT in FY22. The LDT of shipbreaking yards in Alang in FY24 was the lowest since FY08 when Alang managed about 640,000 LDT. The decline in the number of ...

Damen Shipyards Group is launching a pilot project in which a small tug will be dismantled at Damen Shiprepair Rotterdam’s Botlek site in a circular way and entirely in line with the EU regulations. The project will serve as a trial, after which this approach of ‘green’ ship dismantling and recycling will be made available commercially, and also for larger vessels. “This pilot project fits in perfectly with our ambitions to become the most sustainable shipbuilder in the world,” explains Arnout Damen, the CEO of Damen Shipyards Group. “The question ...