Hyundai, Daewoo miss order targets
South Korea's Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering, the world's No. 1 and No. 3 shipbuilder, missed their order goals this year as the global economic recession has dampened demand for new vessels, an industry source said Thursday.
Still, some analysts say the nation's top three shipbuilders, including world's No. 2 shipyard Samsung Heavy Industries, fared well as they had secured enough orders to keep them busy over the next three years, despite the abrupt downturn in the global shipping industry. So far this year, Hyundai Heavy won orders worth US$21.9 billion, accounting for 75.5 per cent of its original self-set target. Daewoo Shipbuilding received orders worth $11.7 billion, compared with its goal of $17.5 billion. Samsung Heavy was the only shipyard among the world's top three shipbuilders to meet its order goal of $15 billion. Last week, a research unit of state-run Korea Development Bank predicted that new orders for South Korean shipbuilders would plunge 28.6 per cent next year due to the deepening global recession.
2008년 12월 18일 목요일
2008년 12월 17일 수요일
NEWS / December 18, 2008
First cancellation of newbuilding in Japan
The cancellation of newbuilding order which have become effective seems to have occurred for the first time in Japan. According to market sources, the canceled order was placed by a leading Japanese shipowner at a compatriot shipyard and the down payment on the contract seems to have already been made.
Canceled ships are said to be a couple of mid-sized bulkers and delivery date and ship prices were not disclosed. The shipowner reportedly had not secured a charter contract before placing the order and as it got harder to find a charterer due to the market slump, the owner seems to have decided to nullify the order. It is said that the owner forfeited the deposit and paid a large sum of money additionally as an indemnity. The entire Japanese shipbuilding industry is expressing surprise over the cancellation. Some say even angrily that the decision is ‘absurd and intolerable’. Meanwhile, some say that the reason the shipyard accepted the cancellation request is that the shipowner is a ‘compatriot’. Besides, according to market sources, it is said an overseas shipowner has also requested cancellation at two Japanese shipyards. Ship type at stake is reportedly medium bulkers. It is said that the foreign owner had sold the newbuildings under construction to other owner but the buyer canceled it. Or it is said the charter contract the owner had settled in advance was canceled. Japanese shipbuilders, in any economic slumps, have so far completed all newbuilding deals once they came into effect and accordingly many say that it is unreasonable to demand order cancellation and firm attitude should be taken such as litigation. Some worry that one cancellation might lead to a flood of retraction requests. Newbuilding order cancellation is not just a matter of deposit loss but also causes a shipyard to get into a mess in terms of its shipbuilding schedule.
ABG Shipyard faces Rs 1,000-cr order cancellation
India’s largest private sector shipbuilder ABG Shipyard is running the risk of cancellation of orders worth Rs 1,000 crore ($211m) as the prospective Norwegian buyer for three seismic surveyor vessels is facing financial crunch. The Norway-based seismic data acquisition company, Scan Geophysical, on Monday said it failed to sign a sale and leaseback deal for the three vessels. Under a sale and leaseback agreement, a company sells the asset it owns, and leases it back from the buyer, typically on a long lease. The advantage is that the sale frees up capital to reduce debt while allowing it to use the same property. About a month ago, ABG Shipyard’s Singapore-based group company Pacific First Shipping (PFS) signed a letter of intent with Scan Geophysical for a sale and leaseback agreement. The agreement implied that Scan will sell its three new high-capacity 3D vessels, including complete seismic equipment, to PFS assuming responsibility for the majority of the remaining commitments related to the vessels and seismic equipment during the construction period. “Pacific First basically got into the agreement to save ABG Shipyard’s ship-building contract,” said an analyst tracking the company and familiar with the development. The stock of Scan Geophysical is down by over 98 per cent this year and about 99 per cent since its IPO at 27 crowns in May last year. “The Norwegian company has failed to get into the sale and leaseback deal but it may get into such a deal with Pacific First Shipping in coming times,” said Dhananjay Datar, chief financial officer, ABG Shipyard. “Our shipping contract is intact and it has not got any impact of it,” he insisted. Now, the Norwegian company is trying to raise debt to help the company sail through the trouble. “SCAN has already invested substantial amounts in seismic equipment for the new builds and will seek to raise debt financing secured by this equipment,” said the company to the local stock exchange in a statement on Monday. Delivery for the vessels are due in May 2009, December 2009 and June 2010. Published : December 18, 2008
ABG Shipyard faces Rs 1,000-cr order cancellation
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-->India’s largest private sector shipbuilder ABG Shipyard is running the risk of cancellation of orders worth Rs 1,000 crore ($211m) as the prospective Norwegian buyer for three seismic surveyor vessels is facing financial crunch. The Norway-based seismic data acquisition company, Scan Geophysical, on Monday said it failed to sign a sale and leaseback deal for the three vessels. Under a sale and leaseback agreement, a company sells the asset it owns, and leases it back from the buyer, typically on a long lease. The advantage is that the sale frees up capital to reduce debt while allowing it to use the same property. About a month ago, ABG Shipyard’s Singapore-based group company Pacific First Shipping (PFS) signed a letter of intent with Scan Geophysical for a sale and leaseback agreement. The agreement implied that Scan will sell its three new high-capacity 3D vessels, including complete seismic equipment, to PFS assuming responsibility for the majority of the remaining commitments related to the vessels and seismic equipment during the construction period. “Pacific First basically got into the agreement to save ABG Shipyard’s ship-building contract,” said an analyst tracking the company and familiar with the development. The stock of Scan Geophysical is down by over 98 per cent this year and about 99 per cent since its IPO at 27 crowns in May last year. “The Norwegian company has failed to get into the sale and leaseback deal but it may get into such a deal with Pacific First Shipping in coming times,” said Dhananjay Datar, chief financial officer, ABG Shipyard. “Our shipping contract is intact and it has not got any impact of it,” he insisted. Now, the Norwegian company is trying to raise debt to help the company sail through the trouble. “SCAN has already invested substantial amounts in seismic equipment for the new builds and will seek to raise debt financing secured by this equipment,” said the company to the local stock exchange in a statement on Monday. Delivery for the vessels are due in May 2009, December 2009 and June 2010.
The cancellation of newbuilding order which have become effective seems to have occurred for the first time in Japan. According to market sources, the canceled order was placed by a leading Japanese shipowner at a compatriot shipyard and the down payment on the contract seems to have already been made.
Canceled ships are said to be a couple of mid-sized bulkers and delivery date and ship prices were not disclosed. The shipowner reportedly had not secured a charter contract before placing the order and as it got harder to find a charterer due to the market slump, the owner seems to have decided to nullify the order. It is said that the owner forfeited the deposit and paid a large sum of money additionally as an indemnity. The entire Japanese shipbuilding industry is expressing surprise over the cancellation. Some say even angrily that the decision is ‘absurd and intolerable’. Meanwhile, some say that the reason the shipyard accepted the cancellation request is that the shipowner is a ‘compatriot’. Besides, according to market sources, it is said an overseas shipowner has also requested cancellation at two Japanese shipyards. Ship type at stake is reportedly medium bulkers. It is said that the foreign owner had sold the newbuildings under construction to other owner but the buyer canceled it. Or it is said the charter contract the owner had settled in advance was canceled. Japanese shipbuilders, in any economic slumps, have so far completed all newbuilding deals once they came into effect and accordingly many say that it is unreasonable to demand order cancellation and firm attitude should be taken such as litigation. Some worry that one cancellation might lead to a flood of retraction requests. Newbuilding order cancellation is not just a matter of deposit loss but also causes a shipyard to get into a mess in terms of its shipbuilding schedule.
ABG Shipyard faces Rs 1,000-cr order cancellation
India’s largest private sector shipbuilder ABG Shipyard is running the risk of cancellation of orders worth Rs 1,000 crore ($211m) as the prospective Norwegian buyer for three seismic surveyor vessels is facing financial crunch. The Norway-based seismic data acquisition company, Scan Geophysical, on Monday said it failed to sign a sale and leaseback deal for the three vessels. Under a sale and leaseback agreement, a company sells the asset it owns, and leases it back from the buyer, typically on a long lease. The advantage is that the sale frees up capital to reduce debt while allowing it to use the same property. About a month ago, ABG Shipyard’s Singapore-based group company Pacific First Shipping (PFS) signed a letter of intent with Scan Geophysical for a sale and leaseback agreement. The agreement implied that Scan will sell its three new high-capacity 3D vessels, including complete seismic equipment, to PFS assuming responsibility for the majority of the remaining commitments related to the vessels and seismic equipment during the construction period. “Pacific First basically got into the agreement to save ABG Shipyard’s ship-building contract,” said an analyst tracking the company and familiar with the development. The stock of Scan Geophysical is down by over 98 per cent this year and about 99 per cent since its IPO at 27 crowns in May last year. “The Norwegian company has failed to get into the sale and leaseback deal but it may get into such a deal with Pacific First Shipping in coming times,” said Dhananjay Datar, chief financial officer, ABG Shipyard. “Our shipping contract is intact and it has not got any impact of it,” he insisted. Now, the Norwegian company is trying to raise debt to help the company sail through the trouble. “SCAN has already invested substantial amounts in seismic equipment for the new builds and will seek to raise debt financing secured by this equipment,” said the company to the local stock exchange in a statement on Monday. Delivery for the vessels are due in May 2009, December 2009 and June 2010. Published : December 18, 2008
ABG Shipyard faces Rs 1,000-cr order cancellation
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-->India’s largest private sector shipbuilder ABG Shipyard is running the risk of cancellation of orders worth Rs 1,000 crore ($211m) as the prospective Norwegian buyer for three seismic surveyor vessels is facing financial crunch. The Norway-based seismic data acquisition company, Scan Geophysical, on Monday said it failed to sign a sale and leaseback deal for the three vessels. Under a sale and leaseback agreement, a company sells the asset it owns, and leases it back from the buyer, typically on a long lease. The advantage is that the sale frees up capital to reduce debt while allowing it to use the same property. About a month ago, ABG Shipyard’s Singapore-based group company Pacific First Shipping (PFS) signed a letter of intent with Scan Geophysical for a sale and leaseback agreement. The agreement implied that Scan will sell its three new high-capacity 3D vessels, including complete seismic equipment, to PFS assuming responsibility for the majority of the remaining commitments related to the vessels and seismic equipment during the construction period. “Pacific First basically got into the agreement to save ABG Shipyard’s ship-building contract,” said an analyst tracking the company and familiar with the development. The stock of Scan Geophysical is down by over 98 per cent this year and about 99 per cent since its IPO at 27 crowns in May last year. “The Norwegian company has failed to get into the sale and leaseback deal but it may get into such a deal with Pacific First Shipping in coming times,” said Dhananjay Datar, chief financial officer, ABG Shipyard. “Our shipping contract is intact and it has not got any impact of it,” he insisted. Now, the Norwegian company is trying to raise debt to help the company sail through the trouble. “SCAN has already invested substantial amounts in seismic equipment for the new builds and will seek to raise debt financing secured by this equipment,” said the company to the local stock exchange in a statement on Monday. Delivery for the vessels are due in May 2009, December 2009 and June 2010.
2008년 12월 16일 화요일
NEWS / December 17, 2008
Daewoo in a VLCC newbuilding negotiation
Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea is reportedly in the final phase of negotiation for the construction of very large crude carrier. The orderer seems to be Greek or Middle East shipowner and the delivery date is said to be slated for 2012. Ship price is yet to be revealed. After October, when the global financial crisis deepened, newbuilding ordering activity almost froze. As for VLCC sector, compatriot STX Shipbuilding recently received an order for the construction of one VLCC with an option for one more from Italy’s Dolphin Tankers for $155.7m with delivery scheduled for November 2011. DSME has not received new orders for commercial ships after it secured an order as a replacement of a cancelled order for containership in September. So, the reported negotiation for VLCC is attracting industry’s attention as a newbuilding negotiation when the market is slowing.
‘Golden Era’ has gone
Shipbuilding Industry has riding the economic wave with timetable. The global shipbuilding industry has witnessed many crests & troughs in its growth story from the period spanning the 1960s. With the industry dominance shifting from the European to the Asian nations such as S. Korea, China and Japan, the industry has undergone massive changes in terms of construction technologies, new demand for various ship types etc. The period spanning 2000-2007 has been a ‘golden era’ for the global shipbuilders with the global order book position growing at a CAGR of 22.9%. The investments in the industry too have kept pace with the order book requirements. However the deliveries of the ships have not been able to keep pace with the growing order books and as such, the order books of the major shipbuilding nations are booked up to 2012. Even the composition of the global order books has witnessed a considerable change since 2000, with increased ordering in the Dry Bulk segment during the recent years. With an increase in Exploration & Production (E&P) activities, the ordering in the Offshore Vessel segment too has surged significantly. The industry remains highly consolidated with the Asian shipbuilders accounting for a major chunk of the global order books. Of the Asian nations, the Korean, the Chinese and the Japanese shipbuilders in particular dominate the global shipbuilding arena. The shipbuilding activity in the European nations has witnessed a downtrend owing to the unavailability of labour and the corresponding high labour costs. Even though Japan still remains one of the top global shipbuilding nations in terms of order book position, the country’s shipbuilding prospects appear bleak. Countries such as India, Vietnam etc., with an abundance of cheap labour have recently emerged to the fore in the global shipbuilding arena.
Hudong-Zhonghua dilivered 8,530TEU
China's largest self-design and constructed 101,000dwt container ship was delivered in Shanghai on December 12. It has a length of 335m and its height from bilge to deck reaches 7-8 floors. This vessel, known as the XIN FEI ZHOU, is a ‘super-large’ container ship Hudong-Zhonghua Shipbuilding (Group) has developed and built for China Shipping Container Lines. It is a 8530TEU Post-panamax container ship and one of the world’s mainstream container ship models. It has a width of 42.8m and depth of 24.8m. Four generators on board ensure the vessel operation and fulfill the needs of refrigerated container ships, it can be driven by one person. World’s financial crisis has affected China’s shipbuilding industry. A large number of minor shipyards encountered difficulties and entered into ‘winter’ season. Hudong-Zhonghua has taken timely measures to enhance its capacity to resist risks. It has joined the world’s leading large shipbuilding company by continuing research and development of high-tech and high value-added products, such as thin film type LNG ships and 8530TEU container ships.
Inland-river ships newbuilding boom again
According to the data, the number of vessel under construction on the inland river has already exceeded 150 units, most of them are 500-2000ton dry cargo ships.Due to the explosive expansion of shipbuilding business on inland river, some shipyards are even not able to start the construction, and large number of order-receipts at shipyards are for inland river vessels. The re-emergence of the prosperity in Shipbuilding industry in Yangzhou is mainly due to the sharp drop in market price of steel products followed by international financial turmoil. The price gap over the four months from August till November 2008 has exceeded 50% of the peak price. Some shipowners were not able to place shipbuilding orders due to the price rise after they have obsoleted small tonnage vessels last year, the rapid decline in steel price have cut down the inland river vessel prices and it led to shipbuilding order boom.
Hyundai delivers first CSR VLCC
Hyundai delivers first very large crude carrier (VLCC) built to the industry’s new Common Structural Rules (CSR) for Antwerp-based Euronav NV. The 318,000dwt Olympia (pictured), constructed to Lloyd’s Register class, is the first of two sister-ships being built by Euronav at HHI to advanced environmental protection and safety standards for deployment in the demanding oil transportation industry.
“As the first VLCC built in Korea to CSR, Olympia is a milestone in the drive towards the construction of ever-safer tankers,” says Marinos Syrigos, site manager for Euronav Ship Management (Hellas). “We are certainly proud of having undertaken a key role - together with Lloyd’s Register and Hyundai - in such an important project.” Euronav’s management have committed to maintaining 'green passports' for Olympia and her sistership, Antarctica, assuring that the materials used and installed on the vessels during the owner’s possession are recorded, demonstrating their commitment to the environment. This record is ultimately critical to the safe scrapping of the vessels at the end of their trading lives. They have also selected a higher standard of bridge layout and visibility and achieved the requirements of NAV1 notation from Lloyd's Register to improve the safe operation of the vessel, choosing advanced technical features which are expected to prove particularly valuable in the increasingly congested waters of the world’s major trade lanes. According to Lindsay Butler, the project manager for Lloyd’s Register Asia, the delivery of the Olympia has ushered in the next generation of tankers from Korean shipyards, ships built under CSR rules that offer the technical advances and innovation required by the industry and society at large. “This robust ship has raised the standards by increasing the requirements for strength and durability and by developing transparent requirements for fatigue assessment and corrosion, maintaining a direct link between design and the anticipated operational demands throughout all phases of her construction,” Butler says. “Euronav is demonstrating their commitment to the industry by offering the services of a ship with our Green Passport and Environmental Protection notations. They combined those features with a hi-tech bridge layout, completing the package of a robust, environmentally friendly ship with advanced operating features.” The new Common Structural Rules, released in 2006 after development by the major classification societies in consultation with the industry’s leading ship owners, builders and design houses, have triggered a wave of new designs from the world’s shipyards. The Olympia has a length of 319mtr, a breadth of 60mtr and a moulded depth of 27.8mtr, with engine power of 29,340 kW. According to the Lloyd's Register - Fairplay database, the Lloyd Register orderbook in Korea comprised 435 vessels, or 30.9m gross tons as of September 30.
50% of bulker order cancel
Half of the dry bulk newbuilding deliveries in 2010 are in doubt because of a lack of owners’ finance and unrealistic promises from yards to deliver on time, a leading investment bank has warned.
In 2007, shipowners placed $90bn in dry bulk vessel orderings, more than the previous nine years combined, according to the latest research note by Macquarie Research Equities. But in the past three months, dry bulk shipping rates have collapsed and owners have found it difficult to obtain finance to make payments for their vessels on order. Shipyards took so many orders last year that they were unlikely to be delivered on time, Macquarie said. As a result, Macquarie warned that as much as half of the planned deliveries in 2010 were in doubt. “However, we note that both of these themes would have been an issue even without the deepening of the credit crisis over the past three months,” Macquarie said. In 2010, Macquarie estimated that 108.5m dwt of vessels were planned for delivery. This has now been revised down to 65.1m dwt. There is typically a two-year lag between the increased freight rates and increased deliveries of vessels. As such, fleet growth was expected to continue to accelerate into the middle of 2010, according to Macquarie. “However, looking at previous cycles and the two years lag for supply to diminish, this would imply that much of the mid-2010 deliveries would be in jeopardy, based on previous responses. “One reason for this is that it is likely that for many of these vessels, no more than 20% was put on deposits and only limited expenditures have been made by the yards. “Given that vessel values have fallen well below construction cost even after taking into account the 20% deposit, many of these ships will not be made,” Macquarie said. Macquarie estimated that only 23% of the dry bulk order book has received any further payments, beyond the first down payment. Furthermore, more than 10% of orders were estimated to not have paid deposits. “We expect close to 100% of all orders without a deposit to be cancelled or renegotiated,” Macquarie said. Macquaries said that $46bn worth of finance was needed in 2008, $66bn in 2009 and $31bn in 2010. This assumed that 80% of the vessel investment is financed by debt and 20% by equity. Macquarie said it had visited 15 shipyards in China over the summer and found widespread problems with cancellations. Of those yards, 11 had reported cancellations with shipowner financing the main issue. None of the yards claimed to have had any cancellations after the first down payment. However, Macquarie expected that the situation had since deteriorated substantially. In 2008, yards were expected to deliver over 30m dwt of dry bulk vessels, but have only delivered around 18m dwt through to the end of October Macquarie said. Of the Chinese yards visited in the summer, 80% were experiencing delays in delivering on time, Macquarie said. The primary cause for delays was a lack of shipbuilding experience and technology for smaller yards, while larger yards cited a shortage of ship components as the constraint. Macquarie said that the yards credible was now the main issue, which was over and above the ship financing issues. “In other words, even for the ship owners that are able to deliver funding for vessels, will the shipyards themselves be able to deliver? We think not,” Macquarie said.
Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea is reportedly in the final phase of negotiation for the construction of very large crude carrier. The orderer seems to be Greek or Middle East shipowner and the delivery date is said to be slated for 2012. Ship price is yet to be revealed. After October, when the global financial crisis deepened, newbuilding ordering activity almost froze. As for VLCC sector, compatriot STX Shipbuilding recently received an order for the construction of one VLCC with an option for one more from Italy’s Dolphin Tankers for $155.7m with delivery scheduled for November 2011. DSME has not received new orders for commercial ships after it secured an order as a replacement of a cancelled order for containership in September. So, the reported negotiation for VLCC is attracting industry’s attention as a newbuilding negotiation when the market is slowing.
‘Golden Era’ has gone
Shipbuilding Industry has riding the economic wave with timetable. The global shipbuilding industry has witnessed many crests & troughs in its growth story from the period spanning the 1960s. With the industry dominance shifting from the European to the Asian nations such as S. Korea, China and Japan, the industry has undergone massive changes in terms of construction technologies, new demand for various ship types etc. The period spanning 2000-2007 has been a ‘golden era’ for the global shipbuilders with the global order book position growing at a CAGR of 22.9%. The investments in the industry too have kept pace with the order book requirements. However the deliveries of the ships have not been able to keep pace with the growing order books and as such, the order books of the major shipbuilding nations are booked up to 2012. Even the composition of the global order books has witnessed a considerable change since 2000, with increased ordering in the Dry Bulk segment during the recent years. With an increase in Exploration & Production (E&P) activities, the ordering in the Offshore Vessel segment too has surged significantly. The industry remains highly consolidated with the Asian shipbuilders accounting for a major chunk of the global order books. Of the Asian nations, the Korean, the Chinese and the Japanese shipbuilders in particular dominate the global shipbuilding arena. The shipbuilding activity in the European nations has witnessed a downtrend owing to the unavailability of labour and the corresponding high labour costs. Even though Japan still remains one of the top global shipbuilding nations in terms of order book position, the country’s shipbuilding prospects appear bleak. Countries such as India, Vietnam etc., with an abundance of cheap labour have recently emerged to the fore in the global shipbuilding arena.
Hudong-Zhonghua dilivered 8,530TEU
China's largest self-design and constructed 101,000dwt container ship was delivered in Shanghai on December 12. It has a length of 335m and its height from bilge to deck reaches 7-8 floors. This vessel, known as the XIN FEI ZHOU, is a ‘super-large’ container ship Hudong-Zhonghua Shipbuilding (Group) has developed and built for China Shipping Container Lines. It is a 8530TEU Post-panamax container ship and one of the world’s mainstream container ship models. It has a width of 42.8m and depth of 24.8m. Four generators on board ensure the vessel operation and fulfill the needs of refrigerated container ships, it can be driven by one person. World’s financial crisis has affected China’s shipbuilding industry. A large number of minor shipyards encountered difficulties and entered into ‘winter’ season. Hudong-Zhonghua has taken timely measures to enhance its capacity to resist risks. It has joined the world’s leading large shipbuilding company by continuing research and development of high-tech and high value-added products, such as thin film type LNG ships and 8530TEU container ships.
Inland-river ships newbuilding boom again
According to the data, the number of vessel under construction on the inland river has already exceeded 150 units, most of them are 500-2000ton dry cargo ships.Due to the explosive expansion of shipbuilding business on inland river, some shipyards are even not able to start the construction, and large number of order-receipts at shipyards are for inland river vessels. The re-emergence of the prosperity in Shipbuilding industry in Yangzhou is mainly due to the sharp drop in market price of steel products followed by international financial turmoil. The price gap over the four months from August till November 2008 has exceeded 50% of the peak price. Some shipowners were not able to place shipbuilding orders due to the price rise after they have obsoleted small tonnage vessels last year, the rapid decline in steel price have cut down the inland river vessel prices and it led to shipbuilding order boom.
Hyundai delivers first CSR VLCC
Hyundai delivers first very large crude carrier (VLCC) built to the industry’s new Common Structural Rules (CSR) for Antwerp-based Euronav NV. The 318,000dwt Olympia (pictured), constructed to Lloyd’s Register class, is the first of two sister-ships being built by Euronav at HHI to advanced environmental protection and safety standards for deployment in the demanding oil transportation industry.
“As the first VLCC built in Korea to CSR, Olympia is a milestone in the drive towards the construction of ever-safer tankers,” says Marinos Syrigos, site manager for Euronav Ship Management (Hellas). “We are certainly proud of having undertaken a key role - together with Lloyd’s Register and Hyundai - in such an important project.” Euronav’s management have committed to maintaining 'green passports' for Olympia and her sistership, Antarctica, assuring that the materials used and installed on the vessels during the owner’s possession are recorded, demonstrating their commitment to the environment. This record is ultimately critical to the safe scrapping of the vessels at the end of their trading lives. They have also selected a higher standard of bridge layout and visibility and achieved the requirements of NAV1 notation from Lloyd's Register to improve the safe operation of the vessel, choosing advanced technical features which are expected to prove particularly valuable in the increasingly congested waters of the world’s major trade lanes. According to Lindsay Butler, the project manager for Lloyd’s Register Asia, the delivery of the Olympia has ushered in the next generation of tankers from Korean shipyards, ships built under CSR rules that offer the technical advances and innovation required by the industry and society at large. “This robust ship has raised the standards by increasing the requirements for strength and durability and by developing transparent requirements for fatigue assessment and corrosion, maintaining a direct link between design and the anticipated operational demands throughout all phases of her construction,” Butler says. “Euronav is demonstrating their commitment to the industry by offering the services of a ship with our Green Passport and Environmental Protection notations. They combined those features with a hi-tech bridge layout, completing the package of a robust, environmentally friendly ship with advanced operating features.” The new Common Structural Rules, released in 2006 after development by the major classification societies in consultation with the industry’s leading ship owners, builders and design houses, have triggered a wave of new designs from the world’s shipyards. The Olympia has a length of 319mtr, a breadth of 60mtr and a moulded depth of 27.8mtr, with engine power of 29,340 kW. According to the Lloyd's Register - Fairplay database, the Lloyd Register orderbook in Korea comprised 435 vessels, or 30.9m gross tons as of September 30.
50% of bulker order cancel
Half of the dry bulk newbuilding deliveries in 2010 are in doubt because of a lack of owners’ finance and unrealistic promises from yards to deliver on time, a leading investment bank has warned.
In 2007, shipowners placed $90bn in dry bulk vessel orderings, more than the previous nine years combined, according to the latest research note by Macquarie Research Equities. But in the past three months, dry bulk shipping rates have collapsed and owners have found it difficult to obtain finance to make payments for their vessels on order. Shipyards took so many orders last year that they were unlikely to be delivered on time, Macquarie said. As a result, Macquarie warned that as much as half of the planned deliveries in 2010 were in doubt. “However, we note that both of these themes would have been an issue even without the deepening of the credit crisis over the past three months,” Macquarie said. In 2010, Macquarie estimated that 108.5m dwt of vessels were planned for delivery. This has now been revised down to 65.1m dwt. There is typically a two-year lag between the increased freight rates and increased deliveries of vessels. As such, fleet growth was expected to continue to accelerate into the middle of 2010, according to Macquarie. “However, looking at previous cycles and the two years lag for supply to diminish, this would imply that much of the mid-2010 deliveries would be in jeopardy, based on previous responses. “One reason for this is that it is likely that for many of these vessels, no more than 20% was put on deposits and only limited expenditures have been made by the yards. “Given that vessel values have fallen well below construction cost even after taking into account the 20% deposit, many of these ships will not be made,” Macquarie said. Macquarie estimated that only 23% of the dry bulk order book has received any further payments, beyond the first down payment. Furthermore, more than 10% of orders were estimated to not have paid deposits. “We expect close to 100% of all orders without a deposit to be cancelled or renegotiated,” Macquarie said. Macquaries said that $46bn worth of finance was needed in 2008, $66bn in 2009 and $31bn in 2010. This assumed that 80% of the vessel investment is financed by debt and 20% by equity. Macquarie said it had visited 15 shipyards in China over the summer and found widespread problems with cancellations. Of those yards, 11 had reported cancellations with shipowner financing the main issue. None of the yards claimed to have had any cancellations after the first down payment. However, Macquarie expected that the situation had since deteriorated substantially. In 2008, yards were expected to deliver over 30m dwt of dry bulk vessels, but have only delivered around 18m dwt through to the end of October Macquarie said. Of the Chinese yards visited in the summer, 80% were experiencing delays in delivering on time, Macquarie said. The primary cause for delays was a lack of shipbuilding experience and technology for smaller yards, while larger yards cited a shortage of ship components as the constraint. Macquarie said that the yards credible was now the main issue, which was over and above the ship financing issues. “In other words, even for the ship owners that are able to deliver funding for vessels, will the shipyards themselves be able to deliver? We think not,” Macquarie said.
Connection Korea
SY Marine Co., Ltd.
#1009, Korea Express Building, Choryang-dong, Dong-gu, Busan,
601-714, Korea
Tel: + 82-51-4417838 Fax: + 82-51-4417840
PIC: President, Capt.S.K.Park (skpark@symarine.com)
Homepage : www.symarine.com
#1009, Korea Express Building, Choryang-dong, Dong-gu, Busan,
601-714, Korea
Tel: + 82-51-4417838 Fax: + 82-51-4417840
PIC: President, Capt.S.K.Park (skpark@symarine.com)
Homepage : www.symarine.com
Product List
1. Pump & Thruster /Engine
1) Thruster
a. System Configuration
b. Complete Thruster Packages
c. Tunnel Installations
d. Remote Controller
2) Submerged Cargo Pumping System
a. Submerged Cargo Pump
b. Hydraulic Power Package
c. Control System
d. Ballast Pump
e. Portable Pump with Winch
f. Tank Cleaning Pump
g. Hydraulic Oil Transfer Pump
h. Cargo Heater
i. Diffuser
j. Hydraulic Piping and Fittings
k. Side Thruster
3) Marine Pumps
a. Cargo Oil Pump
b. Ballast Water Pump
c. Steam Turbine
2. Lighting & Switch Board
1) Nautical Instrument
a. Anemometer & Anemoscope
b. Rudder Angle Indicator
2) Fan
a. Centrifugal Fan
b. Axial-flow Fan
3)Electrical
a. Low & High Voltage Switchboard
b. Starter Panel
c. Power Distribution Panel
d. Main Engine Control Console
e. Emergency Switchboard
f. High Speed Rail Switchboard
g. Batter charging and Discharging
4) R & D Center
5) Sensor
a. Temperature Sensor
b. Pressure Sensor
6) Communication Navigation
a. Communication Equipment (ICS)
b. Refrigerated Container Monitoring System
(RCMS)
c. Degaussing System
7) Lighting
a. Fluorescent Light]
b. Incandescent Light
c. Flood Light
d. Search Light
e. Navigation & Signal Lighting
f. Receptacle & Switch, Plug
g. Reefer Container Receptacle
h. Explosion Proof Light
3. Level Instruments
1) Tank Level Gauge System
a. Radar Beam Type cargo Tank Monitoring System
b. Magnetic Float Type Cargo Tank Monitoring
System
c. Magnetic Float Type High & Overfill Alarm
System
d. Acoustic Type High & Overfill Alarm System
e. Air Purge Type Tank Level & Draft Gauging
System
f. Electric Pneumatic Type Tank Level & Draft
Gauging System
g. Electric Pneumatic Type Tank Level & Draft
Gauging System (Level Pride)
h. Electric Pneumatic Type Level Transmitter
i. 1:1 Converter (Pneumatic Tank Level Gauge)
j. Electric Pressure Type Level Transmitter
k. Water Ingress Alarm System
l. Pressure Monitoring System
m. Vapour Emission Control System
n. Pump Room Bilge High Level Alarm System
o. Temperature Monitoring System
4. Deck Machineries &Crane
1) Deck Machinery
a. Winch (Cargo, Topping, Guy)
b. Windlass
c. Capstan
d. Mooring Winch
e. Trawl Winch (Fishing Winch)
f. Special Winch For Marine
2) Marine Cranes
3) Special Cranes
(Telescopic Crane, Knuckle Boom Crane, Non-Magnetic Crane)
4) 60 Ton Floating Crane & A-Frame
5) Davits
6) Special Doors & Elevator Platform
7) Bow / Stern Ramp
8) Helicopter Traversing System
9) Sliding Padeye
10) Ship Lift & Transfer System / Bridging System
5. Marine & IndustrialPump
1 ) Centrifugal Pumps for Marine
a. MD/MDN,
b. MS/MSN
c. MCP
d. MT
e. VM
2) Horizontal Multi-Stage Type
a. HTM
b. MSS
c. SS
d. SP/SPD
e. SPR/SPRB
f. R2/R2D
g. DCS/DCD
h. HSB/HDB
3) Horizontal Single Stage - Single Suction Type
a. HES
b. IFW/IFS
c. UCW
4) Horizontal Single Stage –- Double Suction Type
a. HDR
b. C
c. KS
5) Vertical Mixed/Axial Flow Type
a. VMF
b. VAF
c. VY/VZ
6) Vertical Barrel Type
a. VTB
b. VLT/VMT
c. VPCS/VPCH
6. Engine, Navigation & Communication Equipments
1) Marine Engine for Propulsion and GEN-set
2) Navigation Equipments
a. Marine Reader
b. ECDIS
c. Echosounder
d. Voyage Data Recorder
e. DGPS
f. UAIS
g. Weather FAX
h. Speedlog
i. Voyage Data Recorder (VDR)
3) Communication Equipments
a. MF/HF Radio Telephone
b. VHF Radio Telephone
c. Inmarsat-C
d. Inmarsat-F
e. Radar Transponder
f. Navtex Receiver
g. Satellite EPIRB
h. SSAS
i. Portable Two-way Radiotelephone
j. Portable UHF Transceiver
7. Heater & Calorifier
1) Hot Water Calorifier
2) Tank cleaning heater
3) Jacket Water Heater
4) Eye Shower Heater
5) Hydrophore tank
6) Spark Arrester
7) L/O, F/O Preheater
8) Air tanker
9) EM’'cy box
10) Q/C control Panel
8. Deck Machineries & Steering Gear
1)Deck Machinery
a. Windlass
b. Mooring winch/Topping winch/Guy winch
c. Towing winch
d. Capstan
e. Fishing machinery
2)Steering Gear
a. Trunk piston type (solenoid valve control)
b. Rapson slide ram type (solenoid valve control)
9. Propeller & Shaft
1)Fixed Pitch Propeller
2)Controllable Pitch Propeller
3)Shafting
4)Stern Equipment
10. Heating Coil & Expansion Joint
1)Flat Heater (Bend Heater)
2) argo Heater
3) eating Coil Unit
4)Air Vent Head
5)Expansion Joint
11. High Velocity Valve& Emergency Towing
1)High Velocity P.V Relief Valve (With Gas Free Cover),
Anti Sloshing Device
2)Tank Cleaning Machine
3)Hold Cleaning Machine
4)Portable Tank Measuring System
5) Anti Heeling System
6) Eductor
7) Local Water Mist Fire Fighting System for Machinery Space
8) Total Water Mist Fire System for Machinery Space
9) Deluge Valve
10) Flame Arresters
11) Air Release & Vacuum Breaker Valve
12) Water Spray System
13) Emergency Towing Arrangement (Combined with Escorting
Pull Back System)
12. Navigation & Communication
1) AIS (Automatic Identification System)
2) GMDSS Radio Equipment
3) General Radio Equipment
4) Navigation Equipment
5) Fishing Equipment
6) Defense Equipment
7) Public Addresser System
a. Water Tight Speaker
b. Cabin & Passage Speaker
c. Speaker Turn Table
8) Marine Telephone System
a. Auto-Telephone
b. Sound-Telephone
c. Communal Aerial System
13. Deck Coating & Finishing Materials
1) Primary Deck Covering
a. Yatomix Self-Leveling
b. Yatomix Inside Floor S.B.R
c. Yatomix Light-weight Deck
2) A-60 Class Deck Covering
a. Yatomix Insula Deck H.T.B
3) Underlayment
a. Yatomix Camber Leveling Deck
b. Yatomix Mortar Cement
4) Deck Finish Materials
a. Yatomix Epoxy Deck
b. Yatomix Polyurethane Deck
c. Yatomix Anti-Skid Floor
5) CAM-Lock System
14. Press & Bender
1) Hydraulic Press Brake
2) Hydraulic Deep Drawing Press
3) Hydraulic C-Type Press
4) Slitter Line
5) Cut to Length Line (Shear Line)
6) Hydraulic Guillotine Shear
7) Forming Line
15. Machining & Welding Equipments
1) Machine Tools
a. CNC Lathe
b. Horizontal Lathe
c. CNC Floor Boring machine
d. Boring Machine
e. Milling Machine
f. Grinding machine
g. Radial Machine
h. Machining Center
2) Welding Equipment
a. Welding Machine
b. TIG Welding Machine
c. Gouging Machine
3) Over Head Crane
a. Fabrication Shop
b. Machining Shop
4) Etc
a. CAM Timing Automatically Adjusting Machine
b. Electric Heater
c. Working Bed
d. HYD Pump
16. VRC
1) Valve Remote Control System with Hydraulic Actuators
17. Davit & Winch
1) Air Motor
2) Winch & Air Hoist
3) Small Davit
4)Suez Mooring Boat Handling Davit
5)Provision Crane
6) Deck Trolley Rail Cart System
7) Capstan
8)Fire Wire Reel Pilot Ladder Reel
9)Hand Pump
10)Air Driven Pump
18. Ladder & Door
1)Ship’'s Ladder
a. Accommodation Ladder
b. Pilot Rope Ladder Reel
c. Winch & Motor
d. Wire Reel & Capstan
e. Wharf Ladder
f. Bulwark Ladder
g. Inclined & Vertical Ladder
h. Pilot Ladder
i. Extension Ladder
j. Work Ladder
k. Draft Reading Ladder
l. Other Various Ladder
2)C. V. S & Wiper
a. Clear View Screen
b. Parallel Electric Window Wiper
c. Fan Type Electric Window Wiper
d. Sun Screen
3)Windows
a. Fixed Windows
b. Square Windows
c. Hinged Windows
d. Side Scuttles
4)Ship’'s Door & Hatch
a. Flush Door
b. Sliding Door
c. Quick Acting Hatch
d. Flush Hatch
5)Hardware
a. Aluminum Structure material
19. Rope
1)Mooring Rope
a. Super Max Rope
b. Super Max Plus Rope
c. Superflex Rope
d. Superdan Rope
e. Super Tec Rope
f. Nylon Rope
g. Polyester Rope
h. Wire Rope
20. Fan & Machineries
1)Air Explosion Proof-Fan
2)Hydraulic Cable Cutter
3)Core Separator of Useless Cable
4)Hydraulic Work Lifter
5)Boring M/C
6)Rudder & Propeller Car
7)Vacuum/Cleaner, Recovery
8)Lug Milling M/C
9)Elf Fan and Other Various Fans
10)Lug Multi Milling M/C
11)Deck Blast M/C
21. Cable
1)Marine & Offshore Cables
a. KS-CLF(H/F available)
b. JIS C 3410/1999
c. IEC based H/F Cables (XLPE Insulated, SHF 1
Sheathed)
d. IEC based H/F Cables (EPR Insulated, SHF 2
Sheathed)
e. NEK 606-2004
f. IEEE 1580 TYPEP
g. Metal Clad Cables
h. Military Shipboard Cable
2) Nuclear Power Plant
a. Nuclear Power Plant Cables
3) Rail and Railway Infrastructures
a. Rolling Stocks
4) Wind Turbine
a. Wind Turbine Cables
5) Switchboard
a. Switchboard Wiring and Cables
6) Coaxial Cables
22. Structure & Deck Machineries
1) Super Structure
a. Engine Room Casing & Funnel
2) Hull Structure & Plant
a. Engine Room Block
b. Mega Block
c. Forecastle Deck
d. Stern Block
e. Offshore Structure
f. Living Quarter
23. Console & Switch Board
1) Bridge Control Console
2) Engine control Console
3) Fan
4) Main Switch Board
5) Emergency Switch Board
24. Machineries & Cathod
1) Marine Equipment
a. Ships ACC. Ladders and Wharf Ladders
b. Automatic Elevator Type Gangway Ladders For
Shore Terminal
c. Ships Windows
d. Q. R. H.
2) Marine machinery
a. Oil Purifier Package
b. Oil Purifier
c. Winches
d. Air Motor
e. Winch
3) CATHODIC Protection
a. Offshore Structures (Fixed Jacket)
b. Offshore Structures (FPSO)
c. Tension Leg Platform
d. Chemical Plants and Refineries
e. Slender Stand-Off Anode
f. Bracelet Anode
25. Sewage Treatment & FW Generator
1) Sewage Treatment Plant
2) Fresh Water Generator (Plate Type)
3) Fresh Water Generator (Tubular Type)
4)Oil Purifier
5)U. V. Sterilizer
6)Mineralizer
7)Grease Trap
SY Marine Co., Ltd.
#1009, Korea Express Building, Choryang-dong, Dong-gu, Busan,
601-714, Korea
Tel: + 82-51-4417838 Fax: + 82-51-4417840
PIC: President, Capt.S.K.Park (skpark@symarine.com)
Homepage : www.symarine.com
1) Thruster
a. System Configuration
b. Complete Thruster Packages
c. Tunnel Installations
d. Remote Controller
2) Submerged Cargo Pumping System
a. Submerged Cargo Pump
b. Hydraulic Power Package
c. Control System
d. Ballast Pump
e. Portable Pump with Winch
f. Tank Cleaning Pump
g. Hydraulic Oil Transfer Pump
h. Cargo Heater
i. Diffuser
j. Hydraulic Piping and Fittings
k. Side Thruster
3) Marine Pumps
a. Cargo Oil Pump
b. Ballast Water Pump
c. Steam Turbine
2. Lighting & Switch Board
1) Nautical Instrument
a. Anemometer & Anemoscope
b. Rudder Angle Indicator
2) Fan
a. Centrifugal Fan
b. Axial-flow Fan
3)Electrical
a. Low & High Voltage Switchboard
b. Starter Panel
c. Power Distribution Panel
d. Main Engine Control Console
e. Emergency Switchboard
f. High Speed Rail Switchboard
g. Batter charging and Discharging
4) R & D Center
5) Sensor
a. Temperature Sensor
b. Pressure Sensor
6) Communication Navigation
a. Communication Equipment (ICS)
b. Refrigerated Container Monitoring System
(RCMS)
c. Degaussing System
7) Lighting
a. Fluorescent Light]
b. Incandescent Light
c. Flood Light
d. Search Light
e. Navigation & Signal Lighting
f. Receptacle & Switch, Plug
g. Reefer Container Receptacle
h. Explosion Proof Light
3. Level Instruments
1) Tank Level Gauge System
a. Radar Beam Type cargo Tank Monitoring System
b. Magnetic Float Type Cargo Tank Monitoring
System
c. Magnetic Float Type High & Overfill Alarm
System
d. Acoustic Type High & Overfill Alarm System
e. Air Purge Type Tank Level & Draft Gauging
System
f. Electric Pneumatic Type Tank Level & Draft
Gauging System
g. Electric Pneumatic Type Tank Level & Draft
Gauging System (Level Pride)
h. Electric Pneumatic Type Level Transmitter
i. 1:1 Converter (Pneumatic Tank Level Gauge)
j. Electric Pressure Type Level Transmitter
k. Water Ingress Alarm System
l. Pressure Monitoring System
m. Vapour Emission Control System
n. Pump Room Bilge High Level Alarm System
o. Temperature Monitoring System
4. Deck Machineries &Crane
1) Deck Machinery
a. Winch (Cargo, Topping, Guy)
b. Windlass
c. Capstan
d. Mooring Winch
e. Trawl Winch (Fishing Winch)
f. Special Winch For Marine
2) Marine Cranes
3) Special Cranes
(Telescopic Crane, Knuckle Boom Crane, Non-Magnetic Crane)
4) 60 Ton Floating Crane & A-Frame
5) Davits
6) Special Doors & Elevator Platform
7) Bow / Stern Ramp
8) Helicopter Traversing System
9) Sliding Padeye
10) Ship Lift & Transfer System / Bridging System
5. Marine & IndustrialPump
1 ) Centrifugal Pumps for Marine
a. MD/MDN,
b. MS/MSN
c. MCP
d. MT
e. VM
2) Horizontal Multi-Stage Type
a. HTM
b. MSS
c. SS
d. SP/SPD
e. SPR/SPRB
f. R2/R2D
g. DCS/DCD
h. HSB/HDB
3) Horizontal Single Stage - Single Suction Type
a. HES
b. IFW/IFS
c. UCW
4) Horizontal Single Stage –- Double Suction Type
a. HDR
b. C
c. KS
5) Vertical Mixed/Axial Flow Type
a. VMF
b. VAF
c. VY/VZ
6) Vertical Barrel Type
a. VTB
b. VLT/VMT
c. VPCS/VPCH
6. Engine, Navigation & Communication Equipments
1) Marine Engine for Propulsion and GEN-set
2) Navigation Equipments
a. Marine Reader
b. ECDIS
c. Echosounder
d. Voyage Data Recorder
e. DGPS
f. UAIS
g. Weather FAX
h. Speedlog
i. Voyage Data Recorder (VDR)
3) Communication Equipments
a. MF/HF Radio Telephone
b. VHF Radio Telephone
c. Inmarsat-C
d. Inmarsat-F
e. Radar Transponder
f. Navtex Receiver
g. Satellite EPIRB
h. SSAS
i. Portable Two-way Radiotelephone
j. Portable UHF Transceiver
7. Heater & Calorifier
1) Hot Water Calorifier
2) Tank cleaning heater
3) Jacket Water Heater
4) Eye Shower Heater
5) Hydrophore tank
6) Spark Arrester
7) L/O, F/O Preheater
8) Air tanker
9) EM’'cy box
10) Q/C control Panel
8. Deck Machineries & Steering Gear
1)Deck Machinery
a. Windlass
b. Mooring winch/Topping winch/Guy winch
c. Towing winch
d. Capstan
e. Fishing machinery
2)Steering Gear
a. Trunk piston type (solenoid valve control)
b. Rapson slide ram type (solenoid valve control)
9. Propeller & Shaft
1)Fixed Pitch Propeller
2)Controllable Pitch Propeller
3)Shafting
4)Stern Equipment
10. Heating Coil & Expansion Joint
1)Flat Heater (Bend Heater)
2) argo Heater
3) eating Coil Unit
4)Air Vent Head
5)Expansion Joint
11. High Velocity Valve& Emergency Towing
1)High Velocity P.V Relief Valve (With Gas Free Cover),
Anti Sloshing Device
2)Tank Cleaning Machine
3)Hold Cleaning Machine
4)Portable Tank Measuring System
5) Anti Heeling System
6) Eductor
7) Local Water Mist Fire Fighting System for Machinery Space
8) Total Water Mist Fire System for Machinery Space
9) Deluge Valve
10) Flame Arresters
11) Air Release & Vacuum Breaker Valve
12) Water Spray System
13) Emergency Towing Arrangement (Combined with Escorting
Pull Back System)
12. Navigation & Communication
1) AIS (Automatic Identification System)
2) GMDSS Radio Equipment
3) General Radio Equipment
4) Navigation Equipment
5) Fishing Equipment
6) Defense Equipment
7) Public Addresser System
a. Water Tight Speaker
b. Cabin & Passage Speaker
c. Speaker Turn Table
8) Marine Telephone System
a. Auto-Telephone
b. Sound-Telephone
c. Communal Aerial System
13. Deck Coating & Finishing Materials
1) Primary Deck Covering
a. Yatomix Self-Leveling
b. Yatomix Inside Floor S.B.R
c. Yatomix Light-weight Deck
2) A-60 Class Deck Covering
a. Yatomix Insula Deck H.T.B
3) Underlayment
a. Yatomix Camber Leveling Deck
b. Yatomix Mortar Cement
4) Deck Finish Materials
a. Yatomix Epoxy Deck
b. Yatomix Polyurethane Deck
c. Yatomix Anti-Skid Floor
5) CAM-Lock System
14. Press & Bender
1) Hydraulic Press Brake
2) Hydraulic Deep Drawing Press
3) Hydraulic C-Type Press
4) Slitter Line
5) Cut to Length Line (Shear Line)
6) Hydraulic Guillotine Shear
7) Forming Line
15. Machining & Welding Equipments
1) Machine Tools
a. CNC Lathe
b. Horizontal Lathe
c. CNC Floor Boring machine
d. Boring Machine
e. Milling Machine
f. Grinding machine
g. Radial Machine
h. Machining Center
2) Welding Equipment
a. Welding Machine
b. TIG Welding Machine
c. Gouging Machine
3) Over Head Crane
a. Fabrication Shop
b. Machining Shop
4) Etc
a. CAM Timing Automatically Adjusting Machine
b. Electric Heater
c. Working Bed
d. HYD Pump
16. VRC
1) Valve Remote Control System with Hydraulic Actuators
17. Davit & Winch
1) Air Motor
2) Winch & Air Hoist
3) Small Davit
4)Suez Mooring Boat Handling Davit
5)Provision Crane
6) Deck Trolley Rail Cart System
7) Capstan
8)Fire Wire Reel Pilot Ladder Reel
9)Hand Pump
10)Air Driven Pump
18. Ladder & Door
1)Ship’'s Ladder
a. Accommodation Ladder
b. Pilot Rope Ladder Reel
c. Winch & Motor
d. Wire Reel & Capstan
e. Wharf Ladder
f. Bulwark Ladder
g. Inclined & Vertical Ladder
h. Pilot Ladder
i. Extension Ladder
j. Work Ladder
k. Draft Reading Ladder
l. Other Various Ladder
2)C. V. S & Wiper
a. Clear View Screen
b. Parallel Electric Window Wiper
c. Fan Type Electric Window Wiper
d. Sun Screen
3)Windows
a. Fixed Windows
b. Square Windows
c. Hinged Windows
d. Side Scuttles
4)Ship’'s Door & Hatch
a. Flush Door
b. Sliding Door
c. Quick Acting Hatch
d. Flush Hatch
5)Hardware
a. Aluminum Structure material
19. Rope
1)Mooring Rope
a. Super Max Rope
b. Super Max Plus Rope
c. Superflex Rope
d. Superdan Rope
e. Super Tec Rope
f. Nylon Rope
g. Polyester Rope
h. Wire Rope
20. Fan & Machineries
1)Air Explosion Proof-Fan
2)Hydraulic Cable Cutter
3)Core Separator of Useless Cable
4)Hydraulic Work Lifter
5)Boring M/C
6)Rudder & Propeller Car
7)Vacuum/Cleaner, Recovery
8)Lug Milling M/C
9)Elf Fan and Other Various Fans
10)Lug Multi Milling M/C
11)Deck Blast M/C
21. Cable
1)Marine & Offshore Cables
a. KS-CLF(H/F available)
b. JIS C 3410/1999
c. IEC based H/F Cables (XLPE Insulated, SHF 1
Sheathed)
d. IEC based H/F Cables (EPR Insulated, SHF 2
Sheathed)
e. NEK 606-2004
f. IEEE 1580 TYPEP
g. Metal Clad Cables
h. Military Shipboard Cable
2) Nuclear Power Plant
a. Nuclear Power Plant Cables
3) Rail and Railway Infrastructures
a. Rolling Stocks
4) Wind Turbine
a. Wind Turbine Cables
5) Switchboard
a. Switchboard Wiring and Cables
6) Coaxial Cables
22. Structure & Deck Machineries
1) Super Structure
a. Engine Room Casing & Funnel
2) Hull Structure & Plant
a. Engine Room Block
b. Mega Block
c. Forecastle Deck
d. Stern Block
e. Offshore Structure
f. Living Quarter
23. Console & Switch Board
1) Bridge Control Console
2) Engine control Console
3) Fan
4) Main Switch Board
5) Emergency Switch Board
24. Machineries & Cathod
1) Marine Equipment
a. Ships ACC. Ladders and Wharf Ladders
b. Automatic Elevator Type Gangway Ladders For
Shore Terminal
c. Ships Windows
d. Q. R. H.
2) Marine machinery
a. Oil Purifier Package
b. Oil Purifier
c. Winches
d. Air Motor
e. Winch
3) CATHODIC Protection
a. Offshore Structures (Fixed Jacket)
b. Offshore Structures (FPSO)
c. Tension Leg Platform
d. Chemical Plants and Refineries
e. Slender Stand-Off Anode
f. Bracelet Anode
25. Sewage Treatment & FW Generator
1) Sewage Treatment Plant
2) Fresh Water Generator (Plate Type)
3) Fresh Water Generator (Tubular Type)
4)Oil Purifier
5)U. V. Sterilizer
6)Mineralizer
7)Grease Trap
SY Marine Co., Ltd.
#1009, Korea Express Building, Choryang-dong, Dong-gu, Busan,
601-714, Korea
Tel: + 82-51-4417838 Fax: + 82-51-4417840
PIC: President, Capt.S.K.Park (skpark@symarine.com)
Homepage : www.symarine.com
ITEM / 79.009 - Float Level Switches
DATE / 08.01.21
IMPORTER / EISA
SUBJECT / Hull no. 492 - Self - unloading Bulk Carrier - 47,800 DWT
ITEM / 79.009 - Float Level Switches
IMPORTER / EISA
SUBJECT / Hull no. 492 - Self - unloading Bulk Carrier - 47,800 DWT
ITEM / 79.009 - Float Level Switches
ITEM / 79.022- Fresh Water Heaters
DATE / 07.11.23
IMPORTER / EISA
SUBJECT / Hull no. 492 - Self - unloading Bulk Carrier - 47,800 DWT
ITEM / 79.022- Fresh Water Heaters
IMPORTER / EISA
SUBJECT / Hull no. 492 - Self - unloading Bulk Carrier - 47,800 DWT
ITEM / 79.022- Fresh Water Heaters
TEM / 67.003 - Expansion Joints for Ballast, Bilge and Fire Systems
07.09.27
IMPORTER / EISA
SUBJECT / Hull no. 492 - Self - unloading Bulk Carrier - 47.800 DWT
ITEM / 67.003 - Expansion Joints for Ballast, Bilge and Fire System
IMPORTER / EISA
SUBJECT / Hull no. 492 - Self - unloading Bulk Carrier - 47.800 DWT
ITEM / 67.003 - Expansion Joints for Ballast, Bilge and Fire System
Working Sites / Manufacturing Plant
SY Marine Co., Ltd.
#1009, Korea Express Building, Choryang-dong, Dong-gu, Busan, 601-714, Korea
Tel: + 82-51-4417838 Fax: + 82-51-4417840
PIC: President, Capt.S.K.Park (skpark@symarine.com)
Homepage : www.symarine.com
Working Sites / Great Precision Machining
SY Marine Co., Ltd.
#1009, Korea Express Building, Choryang-dong, Dong-gu, Busan, 601-714, Korea
Tel: + 82-51-4417838 Fax: + 82-51-4417840
PIC: President, Capt.S.K.Park (skpark@symarine.com)
Homepage : www.symarine.com
#1009, Korea Express Building, Choryang-dong, Dong-gu, Busan, 601-714, Korea
Tel: + 82-51-4417838 Fax: + 82-51-4417840
PIC: President, Capt.S.K.Park (skpark@symarine.com)
Homepage : www.symarine.com
Working Sites / Equipments
SY Marine Co., Ltd.
#1009,korea
Express Building, Choryang-dong, Dong-gu, Busan, 601-714, Korea
Tel: + 82-51-4417838 Fax: + 82-51-4417840
PIC: President, Capt.S.K.Park (skpark@symarine.com)
Homepage : www.symarine.com
Business Power / Crane & Shiploader Part
SY Marine Co., Ltd.
#1009, Korea Express Building, Choryang-dong, Dong-gu, Busan,
601-714, Korea
Tel: + 82-51-4417838 Fax: + 82-51-4417840
PIC: President, Capt.S.K.Park (skpark@symarine.com)
Homepage : www.symarine.com
Business Power / Shipyard Part
Major Engineering Works
Samsung Heavy Industries
Daewoo Shipbuilding & Marine Engineering
Hyundai Heavy Industries
Hyundai Samho Heavy Industries
Hanjin Heavy Industries & Construction
STX Shipbuilding
Massachusetts Heavy Industries (UAS)
Shanghi Waigaoqiao Shipbuilding (China)
Major Shipyard Equipments
1. Transportation System for Panel Shop
2. Cutting & forming system
3. Welding system
4. Hydraulic Lifting & Adjusting Machine
5. Vessel Girth & Longi In-out Side
Welding Manipulator
6. Boiler Tube Coil Bending Automation Line
7. Crane & Davit
8. Jig
9. Various Winch System
10. Tongs
11. Industrial Machinery
12. Environment Facilities
13. Sewage Treatment System
14. 3 roll press, bender
Samsung Heavy Industries
Daewoo Shipbuilding & Marine Engineering
Hyundai Heavy Industries
Hyundai Samho Heavy Industries
Hanjin Heavy Industries & Construction
STX Shipbuilding
Massachusetts Heavy Industries (UAS)
Shanghi Waigaoqiao Shipbuilding (China)
Major Shipyard Equipments
1. Transportation System for Panel Shop
2. Cutting & forming system
3. Welding system
4. Hydraulic Lifting & Adjusting Machine
5. Vessel Girth & Longi In-out Side
Welding Manipulator
6. Boiler Tube Coil Bending Automation Line
7. Crane & Davit
8. Jig
9. Various Winch System
10. Tongs
11. Industrial Machinery
12. Environment Facilities
13. Sewage Treatment System
14. 3 roll press, bender
SY Marine Co., Ltd.
#1009, Korea Express Building, Choryang-dong, Dong-gu, Busan, 601-714, Korea
Tel: + 82-51-4417838 Fax: + 82-51-4417840
PIC: President, Capt.S.K.Park (skpark@symarine.com)
Homepage : www.symarine.com
#1009, Korea Express Building, Choryang-dong, Dong-gu, Busan, 601-714, Korea
Tel: + 82-51-4417838 Fax: + 82-51-4417840
PIC: President, Capt.S.K.Park (skpark@symarine.com)
Homepage : www.symarine.com
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