On September 2, 2019, the fifth multi-purpose PSV “BELAIT CSS 2”, equipped with twin-hull semisubmersible platform, was delivered by Mawei Shipbuilding Co., Ltd. The 84 meter’s vessel will arrive at Brunei for Shell Group of Companies.

With dimensions of 84 meters in length, 32meters in width, and 20.8 meters in depth, this environmental-friendly vessel is driven by electricity. The hull is all-welded construction and it is equipped with 6 sets of 2800KW generators, 4 rudder propeller and DPS-2. As for its performance, it is capable of dealing with bad weather in the sea as well as providing services for the offshore oil drilling platforms and FPSV. Furthermore, it can provide a place for accommodation, maintenance, rescue and hoist.

Based on the latest weekly report delivered by Golden Destiny, the shipowners ordered a total of 14 new ships last week, including 10 oil tankers and 4 liquefied gas carriers, with a total capacity of 1,436,500 DWT. Among of them, the actual cost of three new ships was not disclosed while the cost of remaining ships was approximately US$ 806 million. In summary, new ship orders increased by 180% compared with the previous week.

When it comes to the oil tanker, the data shows that Sinokor Merchant Marine Co., Ltd orders 10+5 113,000 DWT LNG-fueled Aframax tankers, built by Samsung Heavy Industries, which are expected to be delivered in 2021 and each of them will cost about US$ 62 million. By the way, those new ship orders are time charters from Shell Group of Companies.

In terms of the bulk carrier, an unnamed shipowner placed two 66,000 DWT Ultramax bulk carrier, built by Mitsubishi Heavy Industries, which are about to be delivered in the second half of 2020.

As for liquefied gas carriers, Maran ordered one 174,000 CBM LNG vessel at Daewoo Shipbuilding & Marine Engineering for delivery in 2021.

Concerning other ship types, Compagnie Polynesienne de Transport Maritime placed a passenger liner at Huanghai Shipbuilding Co., Ltd., which will be delivered in 2022; MCT ordered a 160-meter RoRo liner at Dae Sun Shipbuilding for delivery in 2021.

On August 28th, the delivery and acceptance ceremony of the second 308,000 DWT Crude oil tanker built by DSIC for CMES was held in Dalian. The VLCC is named as “New Vision” by state-of-the-artdesign and excellent shipbuilding techniques, echoing the “Hai Liao” revolt against Kuomintang on the eve of the founding of the People’s Republic of China.

History Snap:

On September 19, 1949, “Hai Liao” ship eventually arrived at the port of Dalian of “Liberated Zone” after being had broken through the sea siege for eight days and nine nights. In the end, the Five-Star red flag was raised for the first time. This revolt caused a heat discussion at home and abroad and even Mao Zedong, Chairman of CPC, expressed his praise via telegram as well as the pattern of the ship printed on the right side of the front RMB.

Smart crude oil tanker

“New Vision” can exchange and share data among ships with the help of intelligent communications network between ships and shores. Furthermore, it conducted the actual ship test in open waters via the ship collision avoidance technology, which laid a solid foundation for preventing ship collision in the long run.

The delivery of the intelligent crude carrier is not only an echo of the event in China’s history, but also a positive practice of national shipping capability and the maritime power done by China Merchants Group since the founding of the People’s Republic of China.

Shipbuilding completions in China continued to grow while China placed new orders with a slight decrease from January to July in 2019.

1. Three indexes of China’s shipbuilding industry saw an increase and two decreases

From January to July, China completed shipbuilding 22.11 million DWT, a year-on-year increase of 1.4%. When it comes to new orders, totaling 14.7 million DWT, down 38.9% year-on-year. And China won handling orders totaling 81.9 million DWT, a decrease of 8.4% in the same period last year as well as an 8.3% fall from the end of 2018.

In the January to July period, the export shipbuilding order reached 20.69 million DWT, up 3.3% year-on-year; In terms of new export ship orders, China garnered 13.67 million DWT, a 36.4% decrease in the same period last year; at the end of July, it totaled 74.53 million DWT, with 7.7% year-on-year decrease. To sum up, the export ships account for 93.6%,93% and 91% respectively, concerning the ship completions, new orders and handling ships.

2. Three indexes of China in the global shipbuilding market

Three indexes in China account for 36.3%, 48.4% and 43.9% of the global market from January to July.

On August 20, the third ore carrier of 325,000 DWT built byXingang Shipbuilding Heavy Industry Co., Ltd. for COSCO Shipping Bulk Co., Ltd. is poised to start construction.

This vessel has a length overall of 340 meters with a width of 62 meters and designed draft up to 21.4 meters. Its service speed is 14.6 knots. Furthermore, it is equipped with state-of-the-art technologies, such as LNG Ready, self-driving and energy efficiency monitoring system, all of these enable our vessel more environmental-friendly, energy-saving and secure.

By strict energy control and environmental protection standard, means of transport driven by new energy has emerged. Absolutely, marine electric ships are incorporated into the research and development task. In those days, New Zealand’s Ports of Auckland signed acontract with the Damen Shipyards Group for the delivery of an innovative new vessel. The RSD-E Tug 2513 will be the first fully-electric ship-handling tug in the world.

This vessel boasts extreme green credentials, being fuel-efficient and IMO Tier III ready. New Zealand is home to dense forests and abundant water resource. It generates 80% of electricity by hydropower. When knew Damen was building hybrid tugs, Ports of Auckland entered into a partnership with it right away.

There are two key questions: battery and security. The tug has high level of redundancy in its power systems. The electrical system has built-in redundancy, with the batteries arranged in strings; if one battery in a string fails, the others simply carry on the work.To ensure absolute safety – of utmost importance in shipping – the tug also has two 1000kW generator sets.

We develop fully electronic tug by utilizing the high-technology, marking the reform of the maritime industry.

New Dayang shipbuilding Co., LTD. delivered four competitive

Ships successively

In the globe, the shipbuilding market is sluggish. On the other hand, China’s new orders and handling orders are decreasing. Considering this circumstance, New Dayang Shipbuilding Co., Ltd. made breakthroughs in delivering four ships in the past 29 days.

Those competitive vessels delivered by New Dayang Shipbuilding Co., Ltd. are crown ones which enjoy a high reputation among ship-owners in the world. Among them, 2 vessels are bulk carriers of 63,500 DWT (hereinafter referred to as 63K); the other two are Crown bulk carriers of 82000 DWT (hereinafter referred to as 82K).

Competitive advantages of 63K:

1.With “Green Passport” qualification, Crown 63 adopts sustainable development to the entire life cycle from shipbuilding to dismantling;

2.The carbon dioxide emission is expected to be decreased by up to 20%, accordingto the requirements of Energy Efficiency Design Index released by International Maritime Organization;

3.The carrying efficiency is significantly improved with the help of enhanced hull ship, a larger running propeller manufactured by Nakashima-Japan and ME type main engine.

Competitive advantages of 82K:

1. Bulk carriers are jointly built by China and Japan for the first time;

2.The enhanced 82K ship design, Energy-saving devices, stator fin and propeller are installed to this type of vessel by Mitsubishi Heavy Industries;

3.With the most advanced propulsion equipment, this type of vessel expands its international presence compared with its counterparts.

In 2019, New Dayang Shipbuilding Co., Ltd.has delivered six ships and the number of delivery is scheduled to ten throughout the year. Delivering four Crown vessels in 29 days successively, demonstrating the strength in ship design, production and construction of the New Dayang Shipbuilding Co., Ltd.

Shanghai Shipyard Co., Ltd. completed all sea trial projects for the S1250, 108,000-ton ice bulk carrier, which is built for PlatanoEesti OU in Latvia. Then this bulker returned to the port of ChangXing to the southern Yangtze River.

The trial lasted for 8 days. During thistime, collaborated by the project team of Shanghai Shipyard Co., Ltd., JiangnanChangxing Shipbuilding Co., Ltd. has conducted  effective dialogue and exchanged ideas with ship-owners and ship check authority for delivering the trail voyages soon as possible. Moreover, both parties overcame many problems, such as the blockage of the 7-cylinder oil head of the main engine and oil leakage of the fuel return valve of the main engine fuel line, etc. As a result, this projectis well-recognized by ship-owners and ship check authority and has laid a solid foundation for subsequent delivery.

The length overall of the vessel is 250 meters, the width is 43 meters and the depth is 21.8 meters. The designed draft is 13 meters, carrying 105,990DWT. Besides, it possesses ice-resistant raked bow and closed forecastle. These types of anti-freezing equipment are suitable for sailing in the Arctic area. And it is classified into the DNV GL, meetingthe PC6 requirements; there are four 40-ton X31.5-meter cranes on the starboard side of the upper deck.

In those days, the international dry cargo market has climbed sharply. The Baltic Dry Index closedon the 2,011 points on July 16, breaking through 2,000 for the first time since January 6, 2014; On July 22, it closed on 2,191 points, increased by 268% compared with 595 points on February 2019. The soaring BDI enables the shipping industry to make profits as well as delivering many developments. However, insiders said that the recent trend of BDI is related to short-term factors such as seasonal rebound and resumption of the Vale. Therefore, this climbing trend may not last long and the basic pattern of market supply and demand remains unchanged. In other words, buying ships mainly depends on the long-term market in the following days.

Is the soaring BDI a short-term fluctuation?

The BDI shows a fall and thenan increase. In the first quarter, the collapse of the Vale in Brazil and the repeated hurricane of Australia, combing with the production-cutting newsreleased by major miners, the BDI even fell to 92 points in April. However, since mid-April, the trend of BDI has gone up significantly. It broke through 1,000 points and 2,000 points on April 30 and July 16 accordingly. At present, Capesize bulk carrier revenue is almost 10 times that of three months ago. Chartering rates have reached the highest level since October 2010.

It is hard for new ship-building market to make profits.

We can describe the new shipbuilding market as a miserable one. The statistics issued by Clarkson Research Services Limited demonstrated that there are 360 ships in global new orders, a 39%year-on-year decrease in compensated gross tonnage. Among them, the new orders for the three main types of bulk carriers, oil tankers and container ships were reduced by 55%, 47% and 58% respectively in compensated gross tonnage.

The optimists believe that itwill generate the needs of building new ships in part due to the lower iron ore inventory, but also China’s economy performs stable.

The insider said that although the BDI has been climbing in the near future, the entire dry bulk shipping market is still in a low-level direction. Nevertheless, influenced by the Sulfur Limit issued by IMO, ship owners may adopt a more cautious attitude and delay investment in new shipbuilding.

There also has favorable news for new shipbuilding market. For example, the following strict environmental regulations will prompt ship owners to dismantle their old ships for reducing the capacity of those ships. On the other hand, when it comes to the age of bulker, the global fleet is still young. In other words, ship owners are not willing to update their obsolete ships, which discourages those persons who hope the soaring BDI can bring more benefits for new ship-building market.

SHANGHAI JIUHE SHIP IMPORT & EXPORT CORPLTD as the participants will attend the 6th PHILIPPINES MARINE which is held from June 18,2019 to June 20,2019 in Manila.

The 6th edition of PHILIPPINES MARINE 2019is the only specialized shipbuilding and maritime event in the Philippines thatbrings together an international congregation of shipbuilding companies,maritime companies, and its supporting industries gathered in the capital of Manila, to showcase the latest developments in the shipbuilding and maritimeindustry, and to improve the current shipbuilding technology and equipment tohelp maintain Philippines current status as the world’s #4 largest shipbuildingindustry.

SHANHAI JIUHE is China’s largest privateforeign-trade enterprise specialized in the import &export of various second-handships and newly-built ships. Ever since the foundation in 1992, JIUHE hold “Basedin China, facing the international market and making the business to all overthe world” as its business policy, further invested in different area such asship trading, ship building, ocean transportation, LPG trading and E-commerce.Thus JIUHE has achieved remarkable progress and won the title of “Top 100Private Modern Service Enterprises of Shanghai”.

SHANGHAI JIUHE SHIP IMPORT & EXPORT CORPLTD exhibition information:

Exhibition Date: June 18th to June 20th

Exhibition place: Manila.

Booth No.: 201

Contact:  SIOMON 18616215517