Aktueel Scheepvaart Nieuws
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Hyundai Heavy Industries Returns to Profits in 1Q 2016
Hyundai Heavy Industries (HHI) issued a public disclosure of its 1Q 2016 consolidated earnings today.
According to a regulatory filing, HHI racked up 10.2728 trillion Korean won (hereafter the “won”) in sales, a 7.8 % decline from the previous quarter while operating income swung to a profit of 325.2 billion won, putting an end to a nine-quarter losing streak.
An HHI officer said, “For 1Q 2016, we have returned to the black mainly due to the following reasons; the phase-out of low-price shipbuilding contracts, stabilization of manufacturing processes for offshore and industrial plant business, reduced material costs, the weakening won and noticeable performance improvement of non-shipbuilding businesses including Engine & Machinery, Electro Electric Systems and Construction Equipment.”
The officer added, “We see the 1Q 2016 consolidated earnings have not deviated much from the annual performance goal we set up early this year. Strong performances of Hyundai Oilbank, our refining subsidiary,also played a role in turning a profit.”
HHI also attributes the turnaround to a series of drastic and comprehensive restructuring measures launched in 2014 by the incumbent top management in an effort to tide over the protracted crisis.
Firstly, HHI launched HHI Group Ship/Offshore Marketing Division by combining sales departments of its shipbuilding and offshore division for increased synergies. HHI also instituted profit-focused restructuring by liquidating unprofitable businesses and overseas incorporated firms, such as Hyundai Cummins Engine Company and JaKe. In an effort to put more emphasis on its core businesses, HHI spun off the industrial machinery unit of its Engine & Machinery Division, and disaffiliated its trading arm, Hyundai Corp., from the HHI group.
An HHI officer said, “From now on, we will assess each division’s performance by its level of competitiveness in the respective business fields. Although we have turned a profit in the first quarter of this year, we will concentrate more on cutting costs in case of a falling order backlog. Moreover, under the leadership of each division heads, we will continue to exert our utmost efforts to recover the competitive edge by realigning businesses and organizational structure.”
Source: HHI
Hyundai Heavy Industries (HHI) issued a public disclosure of its 1Q 2016 consolidated earnings today.
According to a regulatory filing, HHI racked up 10.2728 trillion Korean won (hereafter the “won”) in sales, a 7.8 % decline from the previous quarter while operating income swung to a profit of 325.2 billion won, putting an end to a nine-quarter losing streak.
An HHI officer said, “For 1Q 2016, we have returned to the black mainly due to the following reasons; the phase-out of low-price shipbuilding contracts, stabilization of manufacturing processes for offshore and industrial plant business, reduced material costs, the weakening won and noticeable performance improvement of non-shipbuilding businesses including Engine & Machinery, Electro Electric Systems and Construction Equipment.”
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HHI also attributes the turnaround to a series of drastic and comprehensive restructuring measures launched in 2014 by the incumbent top management in an effort to tide over the protracted crisis.
Firstly, HHI launched HHI Group Ship/Offshore Marketing Division by combining sales departments of its shipbuilding and offshore division for increased synergies. HHI also instituted profit-focused restructuring by liquidating unprofitable businesses and overseas incorporated firms, such as Hyundai Cummins Engine Company and JaKe. In an effort to put more emphasis on its core businesses, HHI spun off the industrial machinery unit of its Engine & Machinery Division, and disaffiliated its trading arm, Hyundai Corp., from the HHI group.
An HHI officer said, “From now on, we will assess each division’s performance by its level of competitiveness in the respective business fields. Although we have turned a profit in the first quarter of this year, we will concentrate more on cutting costs in case of a falling order backlog. Moreover, under the leadership of each division heads, we will continue to exert our utmost efforts to recover the competitive edge by realigning businesses and organizational structure.”
Source: HHI
Re: Aktueel Scheepvaart Nieuws
FESCO Launches Intermodal Transportation of Transit Cargo Along Primorye-1 Corridor via Vladivostok
FESCO Transportation Group says it successfully delivered cargo to Korea and China’s southern ports along the Primorye-1 transport corridor via the port of Vladivostok. The cargo had been dispatched from the northern provinces of the PRC. The intermodal freight transportation was based on the Group’s assets and services.
The cargo in FESCO containers sent by rail from Heilongjiang province via the Grodekovo station was then handled in the commercial port of Vladivostok before being sent via FESCO sea lines to destinations in China and Korea. This was the first transit freight shipment through the international Primorye-1 corridor via Vladivostok. FESCO signed a memorandum with one of the Chinese partners on the development of intermodal transportation along this route, during the presentation of this new service in Pusan.
Container ship Fesco Diomid - Image: Fesco
The service via Vladivostok is geared at Chinese transit cargo and also at imports from the northern provinces of China to both Korea and Japan. The next shipment is scheduled to be at the end of April. In the future, FESCO plans to set up a block train from Heilongjiang province to Vladivostok, via the Grodekovo station.
The service opens up the transit potential of the Russian Far East and will also reduce the time en route by the logistics network optimization. The transit time from Suifenhe to Pusan will be cut to 6 days instead of 10–12 along the current route. Competitive tariffs have also been made possible by the fact that the intermodal chain will be exclusively based on FESCO assets.
FESCO is one of the leading privately-owned transportation and logistics companies in Russia with operations in ports, rail, integrated logistics and shipping business. Diversified but integrated asset portfolio enables FESCO to provide D2D logistics solutions and control almost all steps of the intermodal transportation value chain.
The majority of FESCO’s operations are located in the Russian Far East and the Group benefits from growing trade volumes between Russia and Asian countries. FESCO controls the Commercial Port of Vladivostok. FESCO is one of Russia’s top 10 private railcar operators providing services under the brands Transgarant (100%) and Russkaya Troika (50% JV with Russian Railways). FESCO owns and operates a fleet of 22 cargo ships and four icebreakers (in long-term time-charter).
Source: Fesco
FESCO Transportation Group says it successfully delivered cargo to Korea and China’s southern ports along the Primorye-1 transport corridor via the port of Vladivostok. The cargo had been dispatched from the northern provinces of the PRC. The intermodal freight transportation was based on the Group’s assets and services.
The cargo in FESCO containers sent by rail from Heilongjiang province via the Grodekovo station was then handled in the commercial port of Vladivostok before being sent via FESCO sea lines to destinations in China and Korea. This was the first transit freight shipment through the international Primorye-1 corridor via Vladivostok. FESCO signed a memorandum with one of the Chinese partners on the development of intermodal transportation along this route, during the presentation of this new service in Pusan.
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The service via Vladivostok is geared at Chinese transit cargo and also at imports from the northern provinces of China to both Korea and Japan. The next shipment is scheduled to be at the end of April. In the future, FESCO plans to set up a block train from Heilongjiang province to Vladivostok, via the Grodekovo station.
The service opens up the transit potential of the Russian Far East and will also reduce the time en route by the logistics network optimization. The transit time from Suifenhe to Pusan will be cut to 6 days instead of 10–12 along the current route. Competitive tariffs have also been made possible by the fact that the intermodal chain will be exclusively based on FESCO assets.
FESCO is one of the leading privately-owned transportation and logistics companies in Russia with operations in ports, rail, integrated logistics and shipping business. Diversified but integrated asset portfolio enables FESCO to provide D2D logistics solutions and control almost all steps of the intermodal transportation value chain.
The majority of FESCO’s operations are located in the Russian Far East and the Group benefits from growing trade volumes between Russia and Asian countries. FESCO controls the Commercial Port of Vladivostok. FESCO is one of Russia’s top 10 private railcar operators providing services under the brands Transgarant (100%) and Russkaya Troika (50% JV with Russian Railways). FESCO owns and operates a fleet of 22 cargo ships and four icebreakers (in long-term time-charter).
Source: Fesco
Re: Aktueel Scheepvaart Nieuws
General Dynamics NASSCO Christens Second ECO Class Product Carrier for American Petroleum Tankers
On Saturday, April 23, General Dynamics NASSCO hosted a christening ceremony for the second ECO Class tanker for American Petroleum Tankers (APT) under construction at the company's shipyard in San Diego. U.S. Representative Scott Peters spoke at the ceremony, and the ship’s sponsor, Mrs. Trang Cormack, christened the ship with the traditional break of a champagne bottle alongside the ship.
Images: NASSCO
The ECO Class tanker, the Magnolia State, is the second of a five-tanker contract between NASSCO and APT, which calls for the design and construction of five 50,000 deadweight ton, LNG-conversion-ready product carriers with a 330,000 barrel cargo capacity.
The 610-foot-long tankers are equipped with a new “ECO” design which will provide a very significant improvement in fuel efficiency. Upon delivery, the Magnolia State will join the ranks as one of the most fuel-efficient and environmentally friendly tankers in the world.
“The revolutionary ECO Class provides our customers with an alternative option for transporting product that is cost-effective and friendly to the environment,” said Fred Harris, president of General Dynamics NASSCO. “Like the Magnolia State, each ship designed and constructed at NASSCO is built with pride and ownership. Our shipbuilders know they’re not just building a product tanker – they’re building a vessel that helps fuel our economy.”
“We look forward to taking delivery of our second ECO Class tanker from NASSCO. This is another example of American Petroleum Tanker’s commitment to building our fleet and servicing our customers. And we thank NASSCO for their continued support which paved the way for this important milestone to be achieved,” said Robert Kurz, vice president of Kinder Morgan Terminals and president of American Petroleum Tankers, a Kinder Morgan, Inc. subsidiary.
In December 2014, Representative Peters signaled the start of construction of the Magnolia State. In June 2015, California State Assemblywoman and former Speaker Toni Atkins, laid the keel.
“San Diego’s shipbuilding industry currently supports as many as 14,000 local jobs,” said U.S. Representative Scott Peters. “Part of this is due to the Navy’s rebalance to the Pacific, but it’s also due to significant private contracts such as this one. The Magnolia State created good jobs for San Diegans and will provide a safe, more efficient, and cleaner way transport fuel across the ocean. It was an honor to be present at the start of is construction, and it’s an honor to see her off.”
The construction and operation of the new ECO Class tankers are aligned with the Jones Act, requiring that ships carrying cargo between U.S. ports be built in U.S. shipyards, further protecting hundreds of thousands of American jobs and almost $100 billion in annual economic impact as a result of the domestic American maritime industry.
The Magnolia State, along with others in the ECO Class, are the first in the Jones Act fleet to obtain a PMA+ Notation, representing compliance with one of the highest standards of human factors in engineering design. The PMA+ notation is created to facilitate safe access to vessel structure and spaces in ways that are rooted in the fundamentals of human ergonomics.
The ships were designed by DSEC, a subsidiary of Daewoo Shipbuilding & Marine Engineering (DSME) of Busan, South Korea. The design incorporates improved fuel efficiency concepts through several features, including a G-series MAN ME slow-speed main engine and an optimized hull form. The tankers will also have dual-fuel-capable auxiliary engines and the ability to accommodate future installation of an LNG fuel-gas system.
Source: NASSCO
On Saturday, April 23, General Dynamics NASSCO hosted a christening ceremony for the second ECO Class tanker for American Petroleum Tankers (APT) under construction at the company's shipyard in San Diego. U.S. Representative Scott Peters spoke at the ceremony, and the ship’s sponsor, Mrs. Trang Cormack, christened the ship with the traditional break of a champagne bottle alongside the ship.
- Mags.jpg (77.28 KiB) 4899 keer bekeken
The ECO Class tanker, the Magnolia State, is the second of a five-tanker contract between NASSCO and APT, which calls for the design and construction of five 50,000 deadweight ton, LNG-conversion-ready product carriers with a 330,000 barrel cargo capacity.
The 610-foot-long tankers are equipped with a new “ECO” design which will provide a very significant improvement in fuel efficiency. Upon delivery, the Magnolia State will join the ranks as one of the most fuel-efficient and environmentally friendly tankers in the world.
- mags 2.jpg (84.54 KiB) 4899 keer bekeken
“We look forward to taking delivery of our second ECO Class tanker from NASSCO. This is another example of American Petroleum Tanker’s commitment to building our fleet and servicing our customers. And we thank NASSCO for their continued support which paved the way for this important milestone to be achieved,” said Robert Kurz, vice president of Kinder Morgan Terminals and president of American Petroleum Tankers, a Kinder Morgan, Inc. subsidiary.
In December 2014, Representative Peters signaled the start of construction of the Magnolia State. In June 2015, California State Assemblywoman and former Speaker Toni Atkins, laid the keel.
“San Diego’s shipbuilding industry currently supports as many as 14,000 local jobs,” said U.S. Representative Scott Peters. “Part of this is due to the Navy’s rebalance to the Pacific, but it’s also due to significant private contracts such as this one. The Magnolia State created good jobs for San Diegans and will provide a safe, more efficient, and cleaner way transport fuel across the ocean. It was an honor to be present at the start of is construction, and it’s an honor to see her off.”
The construction and operation of the new ECO Class tankers are aligned with the Jones Act, requiring that ships carrying cargo between U.S. ports be built in U.S. shipyards, further protecting hundreds of thousands of American jobs and almost $100 billion in annual economic impact as a result of the domestic American maritime industry.
The Magnolia State, along with others in the ECO Class, are the first in the Jones Act fleet to obtain a PMA+ Notation, representing compliance with one of the highest standards of human factors in engineering design. The PMA+ notation is created to facilitate safe access to vessel structure and spaces in ways that are rooted in the fundamentals of human ergonomics.
The ships were designed by DSEC, a subsidiary of Daewoo Shipbuilding & Marine Engineering (DSME) of Busan, South Korea. The design incorporates improved fuel efficiency concepts through several features, including a G-series MAN ME slow-speed main engine and an optimized hull form. The tankers will also have dual-fuel-capable auxiliary engines and the ability to accommodate future installation of an LNG fuel-gas system.
Source: NASSCO
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ferryvaneeuwen
- Berichten: 2676
- Lid geworden op: 25 nov 2004 22:59
- Locatie: Krimpen a/d IJssel
- Contacteer:
Re: Aktueel Scheepvaart Nieuws
In de laatste week van oktober vindt er een debat plaats over de vraag of de positie van de kapitein door allerlei oorzaken momenteel ondermijnd is/wordt. Een interessant vraagstelling waarbij bijvoorbeeld sommigen het gevoel hebben dat ook nieuwe regelgeving zoals het ISM en SMS, onder het mom van verhoogde veiligheid, hieraan bijdraagt. Er wordt ook wel gesproken over castratie van de bevoegdheden van een kapitein.The Master Under Attack –What is the Legal Position?, the debate will discuss the problems Masters face and suggest possible solutions.
The problems include:
· Erosion of the Master’s Authority
· Increase of the Master’s responsibility
· The Master as a legal ‘hostage’
· The powerful position of charterers
· The global vulnerability of the Master
· External interference
· Bullying and harassment by authorities in the port
· The demands of modern technology
Wat ik niet terugvind in het rijtje van discussiepunten is de nodige bescherming die een hedendaagse kapitein behoeft om bij commerciële druk van de zijde van de rederij deze zonder consequenties te kunnen weerstaan. Het zal nooit hardop worden gezegd maar er kan subtiel worden aangegeven met bijvoorbeeld de betrokkene het gevoel te geven van 'voor jou tien anderen'. En dan sta je daar met je gezin, studerende kinderen en hypotheek.
Misschien is dit onderwerp een topic waardig, maar ik voel me niet geroepen, dat moet Theo dan maar doen.
Re: Aktueel Scheepvaart Nieuws
Panama Canal to Hold Draw to Select the First Vessel to Transit the Expanded Canal
The Panama Canal will hold a draw on Friday, April 29, to select the first vessel which will transit through the Expanded Canal when it is inaugurated on Sunday, June 26. The draw will take place at the Panama Canal Administration Building and a Notary Public to serve as witness.
The Panama Canal invited its top 15 customers to participate in the draw for the inaugural transit. Of the invited customers, those interested in participating were required to indicate the Neo Panamax vessel's name, type and dimensions that it plans to deploy on the inauguration day of the Expanded Canal. The Executive Vice Presidency for Operations will verify that each vessel complies with the Panama Canal's requirements.
The proposed vessel is required to not surpass a maximum beam of 49 meters and a maximum overall length of 366 meters. In addition, the maximum draft or point of immersion for the inaugural transit will be 12.5 meters. For security purposes, gas carriers will not be considered for the inaugural transit.
The draw will be carried out with ballots labeled with the name of each participant. A child will select the first ballot and hand it to the Public Notary who will announce the winner of the draw. Afterwards, the same child will pick a second ballot for the shipping line that will be able to deploy a vessel for the inaugural transit in the event that the winner informs the Panama Canal by May 10 that it will not be able to deploy an approved vessel for the inauguration.
In the event that an invited customer declines participation, the Panama Canal may send an invitation to the customer on the ranking list, up to the customer with a weighted ranking value of less than 16, according to the customer ranking used for bookings as of April 2016.
The winner will incur in all costs associated with the transit, including booking fees and other marine services, which will be charged in accordance with Panama Canal published tariffs.
Only one Neo Panamax vessel in southbound direction will be allowed to transit the Expanded Canal for its inauguration during daylight hours. Regular commercial transits through the Expanded Canal will commence on June 27.
The event will be streaming live on the Panama Canal's YouTube channel.
Source: Panama Canal Authority
The Panama Canal will hold a draw on Friday, April 29, to select the first vessel which will transit through the Expanded Canal when it is inaugurated on Sunday, June 26. The draw will take place at the Panama Canal Administration Building and a Notary Public to serve as witness.
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The proposed vessel is required to not surpass a maximum beam of 49 meters and a maximum overall length of 366 meters. In addition, the maximum draft or point of immersion for the inaugural transit will be 12.5 meters. For security purposes, gas carriers will not be considered for the inaugural transit.
The draw will be carried out with ballots labeled with the name of each participant. A child will select the first ballot and hand it to the Public Notary who will announce the winner of the draw. Afterwards, the same child will pick a second ballot for the shipping line that will be able to deploy a vessel for the inaugural transit in the event that the winner informs the Panama Canal by May 10 that it will not be able to deploy an approved vessel for the inauguration.
In the event that an invited customer declines participation, the Panama Canal may send an invitation to the customer on the ranking list, up to the customer with a weighted ranking value of less than 16, according to the customer ranking used for bookings as of April 2016.
The winner will incur in all costs associated with the transit, including booking fees and other marine services, which will be charged in accordance with Panama Canal published tariffs.
Only one Neo Panamax vessel in southbound direction will be allowed to transit the Expanded Canal for its inauguration during daylight hours. Regular commercial transits through the Expanded Canal will commence on June 27.
The event will be streaming live on the Panama Canal's YouTube channel.
Source: Panama Canal Authority
Re: Aktueel Scheepvaart Nieuws
Posh Secures Additional US$167.5mln long-term charters for 8 vessels with a Middle Eastern National Oil Company
Offshore marine services provider, PACC Offshore Services Holdings Ltd. (POSH) yesterday announced that it has been awarded long term charters for eight offshore supply vessels with combined value of approximately US$167.5 million by a Middle Eastern National Oil Company.
The Group will supply eight Anchor-Handling, Supply and Safety Standby vessels, of which six will be newbuilds. The vessels, on a firm five-year charter with two one-year extension options, will support the national oil company’s operations at the Arabian Gulf.
The charters will commens progressively following delivery, with vessels to be handed over to the client starting from December 2016.
The contracts awarded are in addition to the earlier 4 newbuilds awarded in February this year.
Chief Executive Officer of POSH, Captain Gerald Seow, said: “We are pleased to have been awarded 8 more vessel contracts in the Middle East. This further validates our strategy to pursue pockets of growth in key markets that exist despite the challenging industry conditions. "We will continue to differentiate ourselves and focus on maintaining and improving our best-in-class service to our clients across the offshore marine value chain. We are grateful that our client continues to place their trust in us”
These contracts secured are not expected to have material impact on the net tangible assets or earnings per share of the Group for the financial year ending 31 December 2016.
Source: POSH
Offshore marine services provider, PACC Offshore Services Holdings Ltd. (POSH) yesterday announced that it has been awarded long term charters for eight offshore supply vessels with combined value of approximately US$167.5 million by a Middle Eastern National Oil Company.
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The charters will commens progressively following delivery, with vessels to be handed over to the client starting from December 2016.
The contracts awarded are in addition to the earlier 4 newbuilds awarded in February this year.
Chief Executive Officer of POSH, Captain Gerald Seow, said: “We are pleased to have been awarded 8 more vessel contracts in the Middle East. This further validates our strategy to pursue pockets of growth in key markets that exist despite the challenging industry conditions. "We will continue to differentiate ourselves and focus on maintaining and improving our best-in-class service to our clients across the offshore marine value chain. We are grateful that our client continues to place their trust in us”
These contracts secured are not expected to have material impact on the net tangible assets or earnings per share of the Group for the financial year ending 31 December 2016.
Source: POSH
Re: Aktueel Scheepvaart Nieuws
Safmarine Meru collision with Northern Jasper in East China Sea
video representation shows the moment of collision between container ships Safmarine Meru and Northern Jasper which occurred in the East China Sea on May 07 at 16:40 UTC.
According to latest available information, Safmarine Meru suffered breach portside, and fire in containers in fore section.
A crew of 22 people aboard the Maersk Line-owned Safmarine Meru were evacuated shortly after the collision.
Maersk Line said that they received confirmation that all crew were safe, sound, and accounted for on board the container vessel Northern Jasper.
VIDEO
Photos released by Chinese news media zj.people.cn show billowing smoke from container ship Safmarine Meru and damages on ship’s hull and containerized cargo.
Image courtesy: zj.people.cn
video representation shows the moment of collision between container ships Safmarine Meru and Northern Jasper which occurred in the East China Sea on May 07 at 16:40 UTC.
According to latest available information, Safmarine Meru suffered breach portside, and fire in containers in fore section.
A crew of 22 people aboard the Maersk Line-owned Safmarine Meru were evacuated shortly after the collision.
Maersk Line said that they received confirmation that all crew were safe, sound, and accounted for on board the container vessel Northern Jasper.
VIDEO
Photos released by Chinese news media zj.people.cn show billowing smoke from container ship Safmarine Meru and damages on ship’s hull and containerized cargo.
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ferryvaneeuwen
- Berichten: 2676
- Lid geworden op: 25 nov 2004 22:59
- Locatie: Krimpen a/d IJssel
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Re: Aktueel Scheepvaart Nieuws
Bizarre aanvaring als je de AIS tracks volgt. Het was wel even mikken maar toen lukte het toch nog. Het lijkt wel een beetje op zo'n VHF assisted collision.
Re: Aktueel Scheepvaart Nieuws
Another Collision off Ningbo, China
The 260 meter long, 50622 dwt container ship COSCO Fukuyama collided with the 150 meter long, 19098 dwt tanker Gao Cheng 2 in the Xiashimen Channel on May 06 at 07:47 UTC off Ningbo, China.
Container ship COSCO FUKUYAMA - Image: Viktor / Shipspotting
The Gao Cheng 2 bow struck the portside of the COSCO Fukuyama. The Gao Cheng 2 sustained bow damage, but was able to proceed to Zhoushan under its own power.
The COSCO Fukuyama had its hull breached resulting in water ingress.
Some containers were also damaged during the collision, but no reports of injuries or pollution released.
The COSCO Fukuyama was able to control the flooding and proceeded to a nearby anchorage. Reports state the boxship will enter a shipyard at Zhoushan for repairs.
Video representation of Cosco Fukuyama collision with tanker Gao Cheng 2 off Ningbo, China
Source: ShipwreckLog
The 260 meter long, 50622 dwt container ship COSCO Fukuyama collided with the 150 meter long, 19098 dwt tanker Gao Cheng 2 in the Xiashimen Channel on May 06 at 07:47 UTC off Ningbo, China.
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The Gao Cheng 2 bow struck the portside of the COSCO Fukuyama. The Gao Cheng 2 sustained bow damage, but was able to proceed to Zhoushan under its own power.
The COSCO Fukuyama had its hull breached resulting in water ingress.
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The COSCO Fukuyama was able to control the flooding and proceeded to a nearby anchorage. Reports state the boxship will enter a shipyard at Zhoushan for repairs.
Video representation of Cosco Fukuyama collision with tanker Gao Cheng 2 off Ningbo, China
Source: ShipwreckLog
Re: Aktueel Scheepvaart Nieuws
China COSCO Shipping and DEME team up to develop offshore wind energy in China
The Belgian dredging, environmental and marine engineering group DEME and China COSCO Shipping - the largest shipping company in the world – have formed a joint venture to develop offshore wind energy in China.
The cooperation is in line with the Chinese climate vision and its aim to develop renewable energy, both of which were recently incorporated in the 13th Five-Year Plan (2016-2020) for social and economic development. The Chinese government wishes to increase the installed capacity of offshore wind energy significantly by 2020.
DEME and China COSCO Shipping are both market leaders in their sectors and have found one another in the COSCOCS - DEME joint venture active in offshore wind energy in China.
As the largest shipping company in the world, China COSCO Shipping wishes to enter this new market segment and has found a partner in DEME's subsidiary GeoSea, with its extensive experience in developing, building and maintaining offshore wind farms.
Image courtesy: DEME
Alain Bernard, Director and CEO of DEME comments: "As a pioneering company, DEME is a global leader in offshore wind energy, offering overall solutions through Engineering, Procurement, Construction, Installation & Maintenance (EPCIM) contracts. Thanks to the accumulated know-how and experience with complex infrastructure projects at sea, DEME can support and carry out China COSCO Shipping’s offshore wind vision. The cooperation is also in line with the Group's partnering philosophy, in which DEME expands its international activities through sustainable cooperation with local partners. Such combinations have repeatedly proven successful in DEME's dredging and environmental divisions. The joint venture with China COSCO Shipping is a win-win for both parties and will contribute to realising the ambitious Chinese climate objectives”.
Source: DEME
The Belgian dredging, environmental and marine engineering group DEME and China COSCO Shipping - the largest shipping company in the world – have formed a joint venture to develop offshore wind energy in China.
The cooperation is in line with the Chinese climate vision and its aim to develop renewable energy, both of which were recently incorporated in the 13th Five-Year Plan (2016-2020) for social and economic development. The Chinese government wishes to increase the installed capacity of offshore wind energy significantly by 2020.
DEME and China COSCO Shipping are both market leaders in their sectors and have found one another in the COSCOCS - DEME joint venture active in offshore wind energy in China.
As the largest shipping company in the world, China COSCO Shipping wishes to enter this new market segment and has found a partner in DEME's subsidiary GeoSea, with its extensive experience in developing, building and maintaining offshore wind farms.
- deme.jpg (197.56 KiB) 4062 keer bekeken
Alain Bernard, Director and CEO of DEME comments: "As a pioneering company, DEME is a global leader in offshore wind energy, offering overall solutions through Engineering, Procurement, Construction, Installation & Maintenance (EPCIM) contracts. Thanks to the accumulated know-how and experience with complex infrastructure projects at sea, DEME can support and carry out China COSCO Shipping’s offshore wind vision. The cooperation is also in line with the Group's partnering philosophy, in which DEME expands its international activities through sustainable cooperation with local partners. Such combinations have repeatedly proven successful in DEME's dredging and environmental divisions. The joint venture with China COSCO Shipping is a win-win for both parties and will contribute to realising the ambitious Chinese climate objectives”.
Source: DEME