January's top articles: Scorpio to buy 22 dry bulk vessels, Indonesia shipping industry growth to fall
Scorpio Bulkers has signed deals to buy 22 dry bulk vessels for around $1.17bn, Indonesia's shipping industry growth is expected to fall from 10% in 2013 to 7% in 2014. Shipping-technology.com wraps up the key headlines from January 2014.
Switzerland-based power and automation technology group ABB has secured approval in principle from classification society American Bureau of Shipping (ABS) to use its onboard DC grid power distribution systems for marine applications.
ABS subjected the system to a series of tests to find out whether it meets current marine industry standards, requirements and safety levels. The approval process allows ABB to support and streamline the design, approval, execution and inspection of new projects.
ABB marine and cranes business unit head Heikki Soljama said that the implications and importance of the approval in principle put ABB in a particularly advantageous position in the global marine market for the onboard DC grid solution.
Scorpio Bulkers has signed deals with four shipbuilders to buy 22 dry bulk vessels at a cost of around $1.17bn.
The deals include 20 capesize dry bulk vessels and two kamsarmax dry bulk vessels.
Of the new fleet, seven vessels will be delivered by Shanghai Waigaoqiao Shipbuilding, eleven by Sungdong Shipbuilding & Marine Engineering, two by Daewoo Mangalia Heavy Industries and two by Hudong-Zhonghua.
Indonesia's shipping industry is expected to grow by around 7% this year, compared with its 10% growth reported in 2013, according to Indonesian National Shipowners Association (INSA).
The fall in growth is primarily due to the global economic situation and heavy tax burdens.
INSA chairman Carmelita Hartoto said that the Indonesian shipping industry reported a 25% decrease in traffic to Europe and the US compared with the same quarters in 2012.
Japanese shipping firm Kawasaki Heavy Industries has entered into a shipbuilding contract with Norway-based Island Offshore Shipholding to construct a new high-end offshore service vessel.
The UT 777 vessel will be built according to mobile offshore unit (MOU) standards and will be designed by Rolls Royce.
The 169m-long, 28m-wide and 11.7m-deep vessel will be built by Kawasaki at its Kobe shipyard and the engineering work will be performed jointly by Kawasaki and Rolls Royce.
Norway-based weather and asset risk management provider StormGeo has acquired Applied Weather Technology (AWT) for an undisclosed amount.
With 11 offices in seven countries across the world, California-based AWT currently offers support with routing guidance and operational efficiency to more than 5,000 ships each day.
The acquisition of AWT will allow StormGeo to offer its services from its 22 offices and 320 employees in 14 countries across the world.
New Jersey multi-carrier e-commerce network INTTRA has entered into an agreement with CSAV Group to make its e-shipping platform available for all the CSAV Group's customers, including shippers and freight forwarders.
The move is an extension of INTTRA's previous agreement with CSAV Group, which used INTTRA's Ocean IQ data quality programme for complete system analysis.
INTTRA is a global platform that provides shippers with easily viewable and manageable ocean shipping information, which can be used for effectively performing shipments.
Claxton Engineering Services has successfully completed a project in the UK North Sea that involved working in water depths of around 90m. The company completed the project over the course of six months.
Claxton supplied a flanged high-pressure riser system package for the project, a floating production, storage and an offloading vessel, which was customised to meet the field's requirements.
It also involved connecting a 12km gas export pipeline to the BP central area transmission system pipeline, to enable gas to be exported to the UK.
Finland-based Arctech Helsinki Shipyard is building a new icebreaker for the Finnish Transport Agency (FTA).
The procurement is worth €123m and the companies will come to a final agreement by the end of February.
The move by FTA is to renew its fleet of aging, state-owned icebreakers, to improve its services and be more competitive in the Finnish exports business.