• 2022 August 19 15:03

    Capacity utilisation within Russia’s shipbuilding sector is quite high - Denis Manturov

    Some 300 ships and units of maritime equipment are currently at various stages of construction at 63 shipbuilding companies

    When speaking at the meeting on developing the shipbuilding industry held by Russian President Vladimir Putin, Denis Manturov, Deputy Prime Minister – Minister of Industry and Trade, said that civilian shipbuilding has been regaining the positions it lost in the post-Soviet era and has been learning to build new kinds of ships. According to meeting transcript available on the official website of the Kremlin, Denis Manturov said that capacity utilisation within the shipbuilding sector is quite high.

    According to the official, some 300 ships and units of maritime equipment are currently at various stages of construction at 63 shipbuilding companies. “There are also more than 700 ships of various kinds that state and private customers will need until 2035 according to a survey carried out by the Ministry of Industry and Trade, but not all of them have determined their technical parameters or funding sources, which means that they have yet to become firm orders,” emphasized Denis Manturov.

    “We are proactive in expanding our icebreaker fleet, which is a top priority for us. We already commissioned two 60-megawatt icebreakers and will complete another one this year and two more after 2024. Rosatom has confirmed that we will need to build two additional serial nuclear icebreakers by 2030, as well as nuclear maintenance ships and four icebreakers running on organic fuel,” said Deputy Prime Minister adding that construction of cruise motor ships PKS-180 and PV300, and upgrade the Kometa, Meteor and Valdai hydrofoils has begun. According to the speaker, this line was supplemented by electric twin-hull boats with Ecocruiser and Ecobus models, which are in high demand. We launched the serial production of cargo vessels for river-sea navigation and entered the segment of high-tonnage cargo ships, built at the Zvezda shipyard in the Far East, which you have mentioned. This shipyard has already completed the first Aframax-class tankers and is building LNG tankers and product carrier ships for the Northern Sea Route.

    The Government has instructed the interested agencies to clarify all the parameters taking into consideration cargo and passenger traffic projections. The primary purpose here is to get an estimate for the use of building cradles. The construction cycle for a ship is quite lengthy, so project costs tend to exceed the initial projections. Shipbuilding companies have faced this issue many times, especially when signing contracts with fixed prices while the project is not even ready. This way, in order to deliver the ship, they have to go beyond the initial budget and cover the difference from their own pocket.

    “In this regard, we decided to conduct an audit of the accumulated debt with the Finance Ministry. We will start with USC enterprises, and based on the results, we will formulate proposals for their possible subsequent financial recovery,” said Denis Manturov.

    “To rule out such situations in the future, I instructed the United Shipbuilding Corporation to avoid concluding any contracts without independent technical and economic expert examination. In the future, we expect to consolidate this principle at the legislative level for all enterprises in this industry, both in relation to state contracts and projects developed by companies co-owned by the state. Relevant amendments to the Federal Law On Industrial Policy have been submitted to the State Duma. They have already passed the first reading, and we expect them to be adopted at the beginning of the autumn session,” he added.

    Related links:

    Vladimir Putin emphasized the need to minimize delays in civil shipbuilding schedules >>>>

    Gov’t looks into lending a helping hand to domestic shipyards >>>>




2024 April 19

18:02 CMA CGM to strengthen and reshuffle its SEAS1 & SEAS2 services connecting Asia and East Coast South America
17:25 OOCL upgrades Transpacific Latin Atlantic 1/ 2 (TLA1/ 2) service
16:45 The world's two largest hydrogen ships are to be built in Norway
16:15 KEYS Azalea completes first ship-to-ship LNG bunkering in Western Japan
15:40 Port Houston surpasses 1mln TEU mark in Q1 2024
15:29 World's first ammonia dual-fuel Aframaxes to be developed by MISC
14:55 Port of Rotterdam total cargo throughput up 2.0% to 3.3 million TEUs in Q1 2024
14:06 DNV awards certificates for Fortescue’s dual-fuelled ammonia-powered vessel
13:44 Imoto Lines and Marindows launch next-generation zero-emission container ship project
12:41 The Port of Los Angeles and the Port of Long Beach complete a comprehensive Green and Digital Shipping Corridor study
12:20 Ulsan Port Authority signs MOU with Pacific Environment to decarbonize shipping ports in Singapore
11:50 Cavotec signs USD 5 million shore power order with global shipping company
11:22 Rio Tinto selects Alfa Laval OceanGlide fluidic air lubrication with a focus on advancing efficient shipping and reducing emissions
10:45 Steerprop selected to supply main propulsion and tunnel thrusters for Canadian Coast Guard multi-purpose vessels program
10:14 ST Engineering AirX and Bureau Veritas sign cooperation agreement to advance Wing-in-Ground technology
09:38 Solar panels at the Port of Valencia will generate 22% of the energy it consumes

2024 April 18

18:02 DEME wins cable installation contracts from Prysmian for IJmuiden Ver Alpha and Nederwiek 1 offshore grid systems
17:31 RINA awarded contract for Carnival Cruise Line 4th and 5th Excel-class ships
17:18 Cepsa and Evos join up for green methanol storage in Spain and the Netherlands
16:48 ClassNK commences joint research project with JAXA on material compatibility evaluation methods for liquefied oxygen
16:24 Panama Canal announces new measures regarding number of transits and maximum draft
15:50 Kongsberg Maritime secures contract to supply propeller systems to Damen Naval for four Anti-Submarine Warfare frigates
15:24 LR to class Torghatten Nord’s hydrogen-powered ferry duo for Arctic sailings
14:04 CMA CGM sells part of the foreign activities of Bolloré Logistics to the Balguerie Group
13:40 Methanol Institute and SEA-LNG unite against EU trade barriers to biomethane and biomethanol fuels
13:23 DP World launches a new Air Tracking feature to its SeaRates platform
12:31 Port of Los Angeles container volume increases 19% to 743,417 TEU in March 2024
12:16 MABUX: Bunker Outlook, Week 16, 2024
12:11 Coastal Sustainability Alliance boosts development and adoption of maritime biofuel in Singapore
11:43 Ocean Network Express launches reduced emissions shipping service
11:23 Wartsila cargo handling and fuel gas supply systems selected for three new Very Large Ethane Gas Carriers
10:45 Singapore plans production of biofuel blends up to B50 in grade
10:25 Maritime and Port Authority of Singapore and International Energy Agency сollaborate on maritime energy transition

2024 April 17

18:03 Australia and Singapore partner in a $20 million initiative to help reduce emissions in the maritime sector
17:38 EPS strengthens green collaboration with MPA with six Singapore-registered ammonia dual-fuel newbuilds
17:03 HD Hyundai, Scottish firms to cooperate on offshore wind power
16:16 Hanwha Ocean wins 176.4 bln-won order for 1 LPG carrier
15:46 Maritime Book and Claim System advances pilot study to support first movers in zero-emissions shipping
15:00 Port of Antwerp-Bruges cargo volumes up 2.4% to 70.4 million tonnes in Q1 2023
14:47 DOF Rederi AS sells PSV Skandi Gamma
14:24 PIL, CCS partner on alternative fuels and onboard carbon capture and storage
13:44 Total volume of bunker fuel sales at the port of Fujairah increases by 25.2% to 700,918 m3 in March 2023
12:11 Eureka Shipping announces construction of new cement carrier for Great Lakes trade
11:32 MOL to adopt new system to increase capacity and improve operational efficiency of car carriers
11:12 GTT receives an order for the tank design of eight new LNG carriers
10:43 Thailand's Department of Marine and Coastal Resources takes delivery of a new research vessel
10:27 The United States exported a record volume of natural gas in 2023
09:58 TECO 2030 raises NOK 43 million and partners up with Advait in India

2024 April 16

18:04 HD KSOE attains 73% of annual order target in 100 days
17:31 Anglo-Eastern buys Euronav ship manager
17:06 Navig8 takes delivery of the second of six newbuild MRs with emission reducing technology
16:38 IMO’s Facilitation Committee tackles digitalization and autonomous shipping
16:12 World’s largest car carriers ordered with MAN Energy Solutions propulsion package
15:46 Hapag-Lloyd and Seaspan to retrofit five vessels to methanol propulsion
14:13 Asyad Shipping and OQ8 successfully complete first-of-its-kind blended crude oil delivery from Mina Al Fahal to Duqm Refinery
13:54 Hapag-Lloyd unveils its new Strategy 2030
13:14 Singapore aims for over 1 mln tons of low-carbon methanol bunker supply by 2030
12:43 Trafigura to commercially deploy Daphne Technology’s PureMetrics on LNG carrier for precise MRV and optimisation of GHG emissions
12:15 All 12 people rescued from fire on board Tanzanian-flagged cargo ship in Singapore waters
11:49 Drydocks World steel cutting ceremony marks start of UK Norfolk Vanguard Offshore Wind Platforms project
11:23 North Pacific Green Corridor Consortium aims to decarbonize transportation corridor between Canada, Japan and South Korea
10:48 Wartsila offers new high-performance thruster and propulsion control solution package
10:25 Port of Long Beach container volume up 8.3% to 654,082 TEUs in March 2024
09:58 Kalypso Offshore Energy signs LOI with Royal IHC

2024 April 15

18:04 Container shipping costs of S. Korea-EU route surge 40 pct amid Red Sea crisis
17:21 HMM to expand container ship fleet by 2030
17:09 Singapore retains its position as the world's leading maritime city
16:47 Iran says MSC Aries vessel seized for 'violating maritime laws'
16:24 ICTSI gets PPA OK to operate Iloilo Port
15:21 DEME’s offshore installation vessel ‘Orion’ successfully completes the near 15 MW turbine foundation installation project in Scotland and heads to US