Sungdong Shipbuilding & Marine Engineering has formally signed an order for four 3,600-teu containerships from Zodiac Maritime of the UK.
They are set for delivery in 2013 but newbuilding values are yet to be revealed.
But industry sources reckon the ship price is in the range of $48m-$51m per ship, similar with the 3,600-teu ships inked by Germany's NSC in April.
The final contract follows a basic agreement between the yard and owner in April.
With the contract, Sungdong has inked fourth containership order to date this year.
The South Korean shipyard secured 11 8,800TEU's as well as six 3,600TEU's and is also in final talks for 10, 4,700TEU's.
South Korea’s Hanjin Shipping has confirmed it will spend KRW 923.6bn ($845.9m) to build five 13,000 teu containerships for delivery beginning first quarter 2012 through 2013.
An official from Hanjin declined to name the shipbuilder, but said the order was originally placed in 2008 by an unnamed company for the purpose of chartering the boxships to Hanjin Shipping.
“Now we will take over direct ownership of the vessels,” she said. The spokeswoman added names of the parties involved in this transaction would be revealed some time this week.
While Hanjin was unprepared to reveal any further details, a source close to the deal confirmed the five vessels were part of a series of eight plus one optional 13,100 teu containerships ordered by German KG house MPC Capital with Hyundai Heavy Industries back in 2008.
MPC, which had arranged long-term charter contracts with Hanjin for the ships, wanted to finance the equity part via KG funds. However, this plan derailed when the KG market collapsed in the aftermath of the Lehman bankruptcy.
Great Eastern Shipping has confirmed the sale of its 1989-built suezmax crude carrier. The 152,000 dwt Jag Lakshya has been delivered to its unnamed buyer last Friday, Great Eastern Shipping announced. With the exit of this vessel, the India-based firm's current fleet stands at 34 vessels comprising 26 tankers (nine crude carriers, 16 product carriers, one LPG carrier) and eight dry bulk carriers (one capesize, two kamsarmax, one panamax, three supramax, one handymax) with an average age of 8.8 years aggregating 2.55m dwt.
Taiwan's U-Ming Marine Transport has doubled the amount of capesize bulkers it has on order at a Chinese yard.
Company president CK Ong said that the Taiwanese owner has upped its order for two 206,000-dwt vessels at Shanghai Waigaoqiao Shipbuilding (SWS) to four.
The initial pair were said to have cost $60.5m apiece when inked last summer.
U-Ming now has 23 ships in the water and four on order, two of 82,000 dwt and two of 57,000 dwt.
The post-panamax and supramax vessels are under construction at Guangzhou Longxue Shipyard and Cosco Zhoushan Shipyard, respectively.
Ong said, “This was just our first wave of orders and the price has not really come down much since then for the first-tier yards.
“But we believe going forward — maybe toward the end of this year or next year — there should be another window of opportunity for us to implement our second wave of orders. Yards need to build up their orderbooks by 2012.”
Seaspan Corp has approached South Korean major shipbuilders for up to 10, 18,000-teu containerships.
The New York-listed Canadian shipowner is showing interest in 18,000-teu vessels and has approached Daewoo Shipbuilding & Marine Engineering, Hyundai Heavy Industries and Samsung Heavy Industries, sources say.
Industry players reckon the owner would need eight to 10 vessels to operate a loop.
They confirm Seaspan’s interest in the ultra-large boxships and say one of the yards has quoted $174m per ship.
This would be $16m per ship lower than what AP Moller-Maersk shelled out for its 10 firm 18,000-teu Triple E-class newbuildings at Daewoo in February. That deal includes options for 20 more vessels.
“The AP Moller-Maersk vessels are more expensive as the owner added some extras to the newbuildings,” added one source.
Meanwhile, in April, Seaspan inked a letter of intent (LoI) for 10 vessels of 14,000 teu at STX Offshore & Shipbuilding plus 10 options at $140m apiece.
Sources say the STX deal is still under discussion.
Rolls-Royce, the global power systems company, today announced that it has won a £15 million order to design and equip two offshore service vessels for ship owner Brasil Supply.
The vessels, of the Rolls-Royce UT775 E design, will be chartered by Brazil’s state oil company Petrobras and are designed specifically for carrying fluids and solid cargo to and from offshore oil and gas platforms.
They will be built by Estaleiro Ilha S.A. in Brazil, for delivery in 2013, and feature a fully-integrated equipment system from Rolls-Royce, including ship propulsion, deck machinery, and vessel control systems.
Atle Gaasø, Rolls-Royce, General Manager Sales – Offshore Service Vessels, said: “This is an important contract for Rolls-Royce, and reflects our strong position in the Brazilian offshore industry. The combination of our leading edge ship designs together with fully integrated equipment systems is able to meet the demanding requirements of the offshore sector. These latest vessels feature a range of advanced equipment, which will enable Brasil Supply and Petrobras to operate safely and efficiently in the challenging sea conditions off the coast of Brazil.”
Rolls-Royce opened a state-of-the-art Marine Service Centre in Niterói near Rio in 2009, providing round the clock support to customers throughout the region. In total, more than 650 Rolls-Royce designed UT vessels are in service around the world.
China's Yangzhou Dayang Shipbuilding, an affiliated yard of China’s Sinopacific Shipbuilding Group, has won an order for four 63,000-dwt bulkers from a European shipowner.
The newbuildings will be classed by French classification society BV.
The ships will be built to Sinopacific-developed standard design.
The vessels have larger cargo capacity compared to existing similar types and is fitted with up-to-date eco-friendly technologies.
ST Engineering's marine arm ST Marine announced Wednesday it has won a S$171m ($139m) contract from Swire Pacific Offshore Operations (SPO) to build and outfit four anchor handling tug supply (AHTS) vessels. Work on the contract will commence immediately with the first AHTS expected to be delivered by the first-half of 2013 and the fourth by the first-half of 2014. “We are delighted and honoured to be entrusted with this opportunity to work with SPO again,” said Ng Sing Chan, president of ST Marine. In March this year, ST Marine delivered a seismic survey vessel to SPO.
Neptune Orient Lines (NOL) is splurging $1.54bn on 12 new containerships at yards in South Korea. The Singapore boxline has signed letters of intent Hyundai Samho Heavy Industries for ten 14,000 teu capacity vessels, and with Daewoo Shipbuilding and Marine Engineering for a pair of 9,200 teu ships. The company is also upsizing ten 8,400 teu ships ordered at DSME last year to 9,200 teu. The vessels are scheduled for delivery in 2013 and 2014 and the 14,000 teu ships will be deployed on the Asia Europe trade. NOL said it is investing in new, larger vessels to reduce unit capital and operating costs, meet future growth needs and replace older and smaller chartered vessels that will be returned to their owners in the charter market.
Keppel FELS Limited (Keppel FELS) has been awarded a contract worth about US$260 million by returning customer, Floatel International Ltd (Floatel), to build a new generation accommodation semisubmersible (semi) for delivery in 1Q 2014.
This new rig developed by Keppel O&M's Deepwater Technology Group, will be built to the SSAU4000NG design with Dynamic Positioning (DP) 3 capability. It marks Keppel FELS' third accommodation semi project with Floatel, after the delivery of Floatel Reliance (SSAUTM 3600 with DP2) and Floatel Superior (DSSTM 20NS with DP3) last year.
The SSAU4000NG is an enhancement of the proven SSAUTM 3600 design, with improved capability and operability. It meets the stringent UK HSE requirements to work in the UK sector of the North Sea as well as the Gulf of Mexico, Brazil and Western Australia.
Equipped with state of the art accommodation and recreational facilities, the SSAU4000NG provides increased comfort for the 500 persons it can accommodate in one-man and two-man cabins.
Mr Peter Jacobssen, Chief Executive Officer of Floatel International Ltd said, "What Keppel FELS has built for us previously have been well received by the market. Both units are working successfully in their respective fields. We have ordered this third unit as we continue to see strong demand for such highly capable accommodation vessels, and we believe we are well positioned to strengthen our niche offering in this area.
"As we grow our fleet of next generation accommodation semis to meet the needs of the market, Keppel FELS is the ideal partner for us in terms of reliability and quality. Their suite of proprietary designs has proven to be cost effective solutions for offshore accommodation and we believe the SSAU4000NG will be just as successful as her predecessors."
Featuring the latest technology such as DP3 and enhanced Station-Keeping, the SSAU4000NG is capable of operating alongside fixed platforms, floating platforms and Floating Production Storage and Offloading Vessels, with a full complement of deck cranes and fire fighting capabilities.
Mr Wong Kok Seng, Managing Director of Keppel FELS said, "We are pleased that Floatel has entrusted us to build their third accommodation semi to our proprietary design. As more E&P activities move into deeper waters and harsher environments, the SSAU4000NG with its new and improved features is customised to meet these challenges.
"We have built up a good track record with Floatel, having delivered Floatel Reliance and Floatel Superior to their satisfaction. This contract reinforces our win-win partnership and we look forward to provide yet another quality vessel to Floatel safely, on time and within budget."
Floating accommodation platforms are needed to provide additional living quarters for drilling and production personnel. Such support is required during hook-up and commissioning in the development phase, for maintenance and upgrading during the production phase, as well as for decommissioning.
Well-timed with market demand, the two Floatel rigs delivered in 2010 have been chartered for work - Floatel Reliance to Petrobras for five years in Brazil's Campos Basin and Floatel Superior to Statoil in Norway's Oseberg field.
Keppel FELS' track record for designing and building accommodation semis also includes the delivery of Prosafe's Safe Concordia in 2005. Safe Concordia, which can accommodate 400 persons, has been chartered to Petrobras for work in Brazil.
The latest newbuild contract is not expected to have any material impact on the net tangible assets and earnings per share of Keppel Corporation Limited for the current financial year.