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Sep 2016 Vol.87

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Advertisers Index


Contents 20 Business News

36 Feature Story Heightened attention to outlook for global oil tanker market

- Oil tanker market buoyant with rising order placement in the first half of this year

- Oil tanker prices and freight rates continue downward trends

Issue 42 DSME delivered a drillship to Trans Ocean 43 ABB receives IEC 61850 certificates from DNV GL 44 AG&P expanded product portfolio provides faster and

tailored LNG distribution network

45 LS Cable & System Asia to evolve into top leading company in South East Asia

46 Over 1000 days of fuel cost savings with Alfa Laval PureSOx 48 ISDS first for DNV GL classed Ocean Greatwhite -

worlds largest semi-submersible

49 Subsea Industries cracks cardinal coatings problems 50 Pods Versus Water Lubricated Props: Greater

Comparative Studies Required

51 (),1 52 ()AG&P,LNG

53 ()LS,1

Special Focus56 Signal Marshalling using the Termination Carrier - Phoenix Contact 60 () -

Application66 Rock steady - Rolls-Royce

70 New Order

74 Korea Shipbuilding Orders

75 The Shipbuilding Marketshare

76 Offshore Plant Orders

78 Major Performance Gallery Newbuild VLCC prices attractive to ship owners

New Product 84 New flame detectors to help keep personnel and

facilities safe

- Emerson Process Management 85 New Generation of Computer Numeric Controls - Hypertherm Inc. 86 New Portasteele Calculator - Coltraco Ltd. 87 New standard for LPG/E cargo condensers - Alfa Laval

Member List 88 BMEA (Busan Marine Equipment Association)

23

71

Intergrah korea cover1

INTERPEEN cover2

Offshore & Shipbuilding Guide cover3

ABB cover4

AlfaLaval Korea 1

Komarine 2017 2

KROHNE 3

INMEX China 2016 4

Phoenix Contact 5

Man Diesel & Turbo 7

Darmattech PFP, Inc 8

DUON SYSTEM Co., Ltd 9

NORD-LOCK KOREA Co., Ltd 10

Emerson 11

Aerogel Korea Co., Ltd 12

KR 13

ENWA WATER TREATMENT 14

HITROL Co., Ltd 15

Nexans 17

ABB 19

Navico Asia Pacific 35

HK Contromatic 54~55

ITMA 64

B&R 65

Automa Co.,Ltd 69

Advertisers Index


Contents 20 Business News

36 Feature Story Heightened attention to outlook for global oil tanker market

- Oil tanker market buoyant with rising order placement in the first half of this year

- Oil tanker prices and freight rates continue downward trends

Issue 42 DSME delivered a drillship to Trans Ocean 43 ABB receives IEC 61850 certificates from DNV GL 44 AG&P expanded product portfolio provides faster and

tailored LNG distribution network

45 LS Cable & System Asia to evolve into top leading company in South East Asia

46 Over 1000 days of fuel cost savings with Alfa Laval PureSOx 48 ISDS first for DNV GL classed Ocean Greatwhite -

worlds largest semi-submersible

49 Subsea Industries cracks cardinal coatings problems 50 Pods Versus Water Lubricated Props: Greater

Comparative Studies Required

51 (),1 52 ()AG&P,LNG

53 ()LS,1

Special Focus56 Signal Marshalling using the Termination Carrier - Phoenix Contact 60 () -

Application66 Rock steady - Rolls-Royce

70 New Order

74 Korea Shipbuilding Orders

75 The Shipbuilding Marketshare

76 Offshore Plant Orders

78 Major Performance Gallery Newbuild VLCC prices attractive to ship owners

New Product 84 New flame detectors to help keep personnel and

facilities safe

- Emerson Process Management 85 New Generation of Computer Numeric Controls - Hypertherm Inc. 86 New Portasteele Calculator - Coltraco Ltd. 87 New standard for LPG/E cargo condensers - Alfa Laval

Member List 88 BMEA (Busan Marine Equipment Association)

23

71

Intergrah korea cover1

INTERPEEN cover2

Offshore & Shipbuilding Guide cover3

ABB cover4

AlfaLaval Korea 1

Komarine 2017 2

KROHNE 3

INMEX China 2016 4

Phoenix Contact 5

Man Diesel & Turbo 7

Darmattech PFP, Inc 8

DUON SYSTEM Co., Ltd 9

NORD-LOCK KOREA Co., Ltd 10

Emerson 11

Aerogel Korea Co., Ltd 12

KR 13

ENWA WATER TREATMENT 14

HITROL Co., Ltd 15

Nexans 17

ABB 19

Navico Asia Pacific 35

HK Contromatic 54~55

ITMA 64

B&R 65

Automa Co.,Ltd 69

18

etc 5% etc 2%

Logistics 7%

Shipbuilding materials 28%

Research institute 5%

Equipment company 11%

Gyeongsang-Do 45%

Oversea 23%

Honam district 13%

Kyunggi,Incheon 8%

Seoul 8%etc 5%

Sales 18% Shipbuilding

& offshore company 47%

DepartmentDistrict IndustrialEngineering 17%

Process 15%Purchasing 15%

Overseas buyer and branches15%


Korship helps not only to share informations and technologies of shipbuilding & offshore industry between users and potential suppliers but also introduce subscribers up-to-date shipbuilding & offshore related technologies and informations to become a shipbuilding & offshore industry technical journal.

Korship puts advertising domestic companies in touch with abroad buyers and tries to contribute development and growth of domestic shipbuilding & offshore industries by introducing worlds new technologies, news, companies and products to superintendents, engineers, Korea branch of abroad companies, domestic shipbuilding & offshore companies and all related companies.

Worlds up-to-date indispensible informations of shipbuilding & offshore companies, products and system technology described to help people who engage in the industry.

Provide articles deeply focusing on latest shipbuilding & offshore industry technologies, logistics and port etc.

Introduce latest tendency and related news of industry through company interview.

New shipbuilding & offshore industry products overview

Issues and news articles from global shipbuilding & offshore companies and organizations

Detailed area breakdown

Mission Statement

Technology

Special Focus

Company & Comments

Product

Business News

(www.abb.com/drives

ABB Korea+8225282329F+8225282338E:@

18

etc 5% etc 2%

Logistics 7%

Shipbuilding materials 28%


Equipment company 11%

Gyeongsang-Do 45%

Oversea 23%

Honam district 13%

Kyunggi,Incheon 8%

Seoul 8%etc 5%

Sales 18% Shipbuilding

& offshore company 47%

DepartmentDistrict IndustrialEngineering 17%

Process 15%Purchasing 15%

Overseas buyer and branches15%


Korship helps not only to share informations and technologies of shipbuilding & offshore industry between users and potential suppliers but also introduce subscribers up-to-date shipbuilding & offshore related technologies and informations to become a shipbuilding & offshore industry technical journal.

Korship puts advertising domestic companies in touch with abroad buyers and tries to contribute development and growth of domestic shipbuilding & offshore industries by introducing worlds new technologies, news, companies and products to superintendents, engineers, Korea branch of abroad companies, domestic shipbuilding & offshore companies and all related companies.

Worlds up-to-date indispensible informations of shipbuilding & offshore companies, products and system technology described to help people who engage in the industry.

Provide articles deeply focusing on latest shipbuilding & offshore industry technologies, logistics and port etc.

Introduce latest tendency and related news of industry through company interview.

New shipbuilding & offshore industry products overview

Issues and news articles from global shipbuilding & offshore companies and organizations

Detailed area breakdown

Mission Statement

Technology

Special Focus

Company & Comments

Product

Business News

BUSINESS

NEWS

20

Daewoo Shipbuilding & Marine Engineering (DSME) announced that its 100th LNG car-rier named Maran Amphipolis was deliv-ered to its owner after its departure from Okpo Shipyard on July 23. DSME reached a significant milestone of 100th LNG carrier construction in about 2 decades after its first delivery of LNG carrier in 1995. A total of 456 LNG carriers which transport eco-friendly LNG (Liquefied Natural Gas) have been built to date since its first con-struction in 1959. DSME has built about a quarter of 422 LNG carriers currently oper-ational around the globe. With an order backlog of 50 LNG carriers, DSME has cemented its leading position as the worlds largest producer of LNG carriers. Specifically, DSME has shifted market par-adigm by building membrane type LNG carriers, instead of moss type which was once DSMEs mainstay product. Moreover,

DSME has spear-headed changes like developing nat-ural gas-powered LNG carriers, Partial Re-liquefaction System (PRS), etc., to meet ever more stringent environ-mental regulatory requirements. DSME has written new chapters in history with devel-opment of new technologies related to LNG, like winning an order for worlds first ice-breaking LNG carrier in 2014 and deliv-ering worlds first LNG FLNG (Floating Liquefied Natural Gas) facilities in 2016. With those efforts coming to fruition, DSME delivered as many as 35 LNG carriers in

2014 alone. That represented the largest annual order for LNG carriers ever placed at single shipyard. Having achieved the mile-stone of 100th LNG carrier delivery, DSME is moving to place more intensive focus on research and development in the field of LNG carrier, a high value-added vessel.

, 100 LNG 100 LNG

(Maran Amphipolis) 7 23

.

100 LNG

1995 LNG 20

.

LNG

1959 456 .

LNG 422,

1/4

. 50 LNG

LNG

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(Moss)

(Membrane) LNG

,

LNG

(PRS)

.

2014 LNG

, 2016 LNG

(FLNG) LNG

.

2014

35 LNG .

30 LNG

. 100 ,

LNG

.

DSME delivered its 100th LNG carrier

Maran Gas Amphipolis of Greece-based Maran Gas, the 100th LNG carrier built by DSME

Daewoo Shipbuilding & Marine Engineering (DSME) announced on August 2 that 4 ship owners decided to provide shipbuild-ing funding worth USD 470 million earlier than scheduled. Those shipyards have maintained close relationship of trust with DSME for an extensive period of time. In addition, DSME has discussed with a cli-

ent on early payment of advance worth USD 150 million for offshore projects and received a positive reply. The shipbuilding funding worth USD 470 million is scheduled to be deposited in late August and early September, while the off-shore plant construction funding worth USD 150 million is expected to be received

by the second half of this year. Therefore, a liquidity worth about USD 620 million will be secured by DSME. After all, aforesaid funding is expected to give a significant respite to DSME which has confronted with imminent crisis in the mist of difficulty with repayment of long-term CP (Commercial Paper) due and payable by September.

DSME to secure liquidity worth about USD 600 million

21

, 6

4 4 7000

8 2 .

1 5000

.

4 7000 8 9

,

1 5000

. 6

2000 .

9 CP

9

.

.

5

,

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,

.

Those fundings reflect strong relationship of trust between ship owners and DSME despite concern in the market over difficul-ties facing the shipbuilder. Above-mentioned ship owners and clients are said to have recently decided to make

earlier payment based on their strong con-fidence in the ability of DSME to overcome crisis even in the midst of unfavorable busi-ness environment such as downturn in global shipping market and persistent decline in international oil prices.

Meanwhile, DSME will carry out its self-res-cue plan expeditiously to create more sta-ble business environment and do more to ensure timely delivery of ongoing projects.

ABB has launched a new arctic course for deck officers in response to strong demand from the ice-going vessel seg-ment. The course has been developed in cooperation with customers and will pro-vide deep understanding of the operational principles of diesel-electric Azipod vessels, taking into account vessel safety, environ-mental and economical requirements and operational efficiency and maintenance needs when operating in arctic conditions.Demand from the ice going segment for ABBs solutions has been strong for some time, said Juha Koskela, Managing Director of ABBs Marine and Ports business unit. By combining ABBs expertise with the needs of the customer, we have set a new bench-mark for arctic training.The course will build on the companys long history of working with ice class ves-sels, ABB delivered the first electric propul-sion system to an icebreaker in 1939. Azipod propulsion has also gained a strong foothold in the segment and has recently expanded its reach to ice class

passenger vessels.The 5-day course is held in cooperation with Aboa Mare training center in Turku, Finland. Training consists of discussions, lessons and full mission bridge simulator exercises. Topics of the lessons vary from Azipod ves-sel operation and propulsion system behav-ior in all conditions to resource management and bridge communication. After the course the crew will be able to fully utilize the flexibili-ty of the propulsion system, identify potential malfunctions of the propulsion system and cope with them without sacrificing vessel safety. The new course will complement the portfolio of 35 different courses offered by the Marine Academy.Captain Takashi Saito, Marine Manager from MOL LNG Transport took the new course and said, The training was way beyond my expectations. We look forward to sending other seafarers to expand their knowledge of polar conditions.Micael Vuorio, Training Manager at Aboa Mare said We are pleased to continue our cooperation with ABB on designing the

best courses available at the market. Aboa Mare provides a diversified training portfo-lio, including training according to the Polar Code, as well as training for Baltic ice con-ditions and this expertise is also included in to ABB s new training course.

ABBs Marine Academy launches arctic course in response to strong demand

Juha Koskela, Managing Director of ABBs Marine and Ports business

BUSINESS

NEWS

22

Hyundai MOS (Maintenance & Operation Services) spun off from Hyundai Heavy Industries (HHI) named itself as Hyundai Heavy Industries MOS (HHI MOS) and was officially launched on August 1. HHI MOS, owned 100% by HHI, will have about 1,200 employees. HHI MOS completed corporate registration process on July 25 and appointed Lee

Sang-yong (former senior vice-president supervising the facility division at HHI) to take the helm. MOS will specialize in main-tenance and operation services. HHI MOS will specialize in maintenance and operation services for Hyundai Heavy Industries Group, carrying out power/facility maintenance, mechanical system mainte-nance, building maintenance, and trans-

portation equipment maintenance, and will advance into various fields including engi-neering, education support services, etc., in the period ahead. HHI MOS President Lee Sang-yong said, We will create a happy workplace based on trust and harmony and building various revenue models to evolve into a global facil-ity maintenance company.

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Ministry of Oceans and Fisheries (MOF) entered into an agreement with Korea Maritime and Ocean University, Korea Research Institute of Ships & Ocean Engineering, and Korea Institute of Maritime and Fisheries Technology at Korea Shipowners Association on August 17 to promote development of manpower in off-shore plant service industry. This agreement aims to increase coopera-tion on cultivation of excellent manpower tailored to offshore plant service industry. For that, primary focus will be placed on building systematic cooperation system among manpower development organiza-tions in offshore plant sector, expanding education infrastructure, developing com-

prehensive education programs, building overseas employment support system, etc. The MOF has pressed ahead with its effort to increase opportunities for education nationwide by opening DP courses in Korea Maritime and Ocean University and Korea Institute of Maritime and Fisheries Technology in the second half of last year. Under this agreement, the MOF plans to link education projects of each institute sys-tematically and solidify education founda-tion of Korea while building an education system that follows through upon courses. The MOF will move ahead with expansion of education infrastructure nationwide in tandem with creation of comprehensive off-shore plant training sites, opening of inter-

nationally certified courses, and designing of comprehensive education programs customized to type of occupations advan-tageous for overseas employment and tai-lored to the needs of employers. Moreover, the MOF plans to provide active support for overseas employment at the completion of courses through intergovernmental coop-erative projects and domestic/overseas networks. An official from the MOF said, This agree-ment is expected to lay a cornerstone for education in domestic offshore plant service sector. We will provide unsparing support at policy level to expand opportunities for edu-cation in domestic offshore plant sector and strengthen education in that field.

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The Korean Register of Shipping (KR) announced that it was recently appointed as IIA (Independent Inspection Agency) and DAA (Designated Approval Agency) by the U.S. DOT (Department of Transportation) for containers used for transporting hazard-ous materials. Having been awarded inspection rights, KR will carry out works related to inspection and approval of the U.N. Standard compliant pressurized containers, portable tanks, and MEGC (Multiple Element Gas Container), as well as U.S. DOT standard compliant tanks used for transportation of hazardous materi-als. All hazardous materials containers used in the United States are required to undergo mandatory inspection and certification pur-suant to the standards set forth by the U.S. DOT for distribution without restraint. Thus, KR has become the only agency in Asia which has both IIA and DAA statuses. Most inspection agencies appointed by the U.S. DOT have only either of the two status-es. Only 3 agencies worldwide, including the KR, have both statuses.

Having both IIA and DAA statues, KR will be able to carry out works related to inspec-tion and certifica-tion of products used for transpor-tation of wider range of hazard-ous materials. That would help ease entry of domestic manu-facturers into Chinese markets in which over 30% of U.S. DOT standard compliant hazardous materials containers are market-ed while helping boost exports by domes-tic manufacturers to the U.S. market. An official from KR said, We will step up efforts to be named as inspection agency for the U.N. standard compliant containers used for transporting hazardous materials by railway and road, as well as hazardous materials containers that conform to stan-dards of Canada and Europe, in our endeavor to provide one-stop services for

hazardous materials containers and inspections, rather than remaining compla-cent about the latest appointment as IIA and DAA by the U.S. DOT.For certification business which KR is pro-moting as future growth engine, KR was appointed as boiler inspection agency by India in 2014 and as certification agency for export-grade construction steel materials by Singapore last year. This year, KR is making smooth sail towards its goal of building glob-al certification belts following its entry into Chinese product certification market and appointment as IIA and DAA by U.S. DOT.

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KR was appointed as inspection agency by the U.S. DOT for hazardous materials containers

BUSINESS

NEWS

24

ABB alliance partner Solar Impulse com-pletes round-the-world flight with zero fuel, showing we can run the world without con-suming the earth. As a pioneering technol-ogy leader, ABB is putting this message into practiceSolar Impulse has made history by com-pleting the first ever round-the-world flight powered only by energy from the sun. The plane landed at its starting point in Abu Dhabi at 04:05 am local time, after a final leg of 48 hours and 37 minutes from Cairo.This is a truly historic achievement, with tremendous symbolic significance, said ABB CEO, Ulrich Spiesshofer. It demon-strates clearly that with pioneering spirit and clean technologies, we can run the world without consuming the earth. On behalf of everyone at ABB, congratulations to Bertrand Piccard, Andr Borschberg, and the rest of the Solar Impulse team. We are extremely proud to have been able to contribute to this remarkable project.ABB forged the innovation and technology alliance with Solar Impulse because what the project has achieved in the air, ABB is doing on the ground, as a pioneer of power and automation technologies for 125 years in Switzerland.Its a historic first for renewable energy and clean technologies, not only for aviation,

said Solar Impulse pilot, initiator and chairman Bertrand Piccard, on arrival. By combining their respective strengths, Solar Impulse and ABB were able to show how break-through innovation can be transformed into credible solu-tions, and how ener-gy can be more effi-ciently produced, stored and used to create a cleaner world.Solar Impulse co-founder, CEO and pilot Andr Borschberg confirmed the value of this partnership: The mission would not have been possible without the expertise and support of ABB and other organiza-tions that contributed to the project. As part of its innovation and technology alliance with Solar Impulse, ABB provided experts to support the mission, including engineers who served as embedded members of the ground crew throughout the round-the-world flight.To attempt the round-the-world flight, Solar Impulse had to confront many of the chal-lenges that ABB is solving on the ground for

its customers, such as maximizing the power yield from solar cells, integrating renewable energy into the electricity distribution systems, and improving energy efficiency.During its flight around the world, Solar Impulse made stopovers on four continents (Asia, North America, Europe and Africa), and flew across two oceans (the Pacific and the Atlantic), as well as the Mediterranean Sea and the Arabian Peninsula. On the way, it set several new aviation records, including that of the longest solo duration for an air-plane (117 hours, 52 minutes) achieved by Andr Borschberg on the leg from Japan to Hawaii, and the first crossing of the Atlantic Ocean in a solar airplane achieved by Bertrand Piccard.

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Solar Impulse proves innovation, technology and pioneering mindset can address global challenges

Solar Impulse lands in Abu Dhabi

25

Nexans will be attending CIGRE 2016 which will take place from August 21 to August 26, in Paris. During the exhibition Nexans sessions will cover AC and DC land and submarine high voltage cables, superconducting systems, overhead lines and high voltage accessories.Nexans will be exhibiting its HVDC and HVAC subsea cables. Its 525kV HVDC cables will be used for the NordLink project linking Norway and Germany, and for the NSL project connecting Norway and UK. HVAC subsea projects include intercon-nectors like the Malta - Sicily and Mallorca - Ibiza connections and are prevalent in grid connections up to 420 kV. Nexans has also provided connections to offshore wind farms and oil and gas platforms.Visitors will also have the opportunity to learn about new 66 kV inter-array cabling which help to increase the capacity and redundancy of offshore wind turbines. Static and dynamic cable designs for the worlds first floating pilot

wind farm, Hywind Scotland, will also be presented.New PLUS over-head lines present an innovative way to uprate the transmis-sion network for land to land con-nection. These will be presented along with HVAC land cables which are used for extra high voltage intra-city links. There have been improvements in terms of safety with Nexans new low fire hazard solutions. In addition Nexans will present its latest Extra High Voltage partial undergrounding cable sys-tems. This is helping to move overhead lines underground. Cost effective High Voltage cable systems will be shown which help to meet the growing regional demand and con-

necting offshore wind farms to the grid.Superconducting cable systems running in real grids will also be presented. An exam-ple of a major project using a supercon-ducting cable is the AmpaCity project with RWE in Essen. It has been used to replace a conventional 110 kV system with 10 kV and has been in continuous operation in the city centre since April 2014.

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BUSINESS

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26

Korea Gas Corporation (KOGAS) announced that it signed a MOU (Memorandum of Understanding) with the Government of the state of Yucatan on August 9 to promote cooperation on natural gas supply in south-ern Mexico. Under this MOU, KOGAS will build LNG terminal in Progreso Port of Merida and install gas pipelines bringing natural gas to Merida, Cancun, etc. KOGAs will begin with feasibility study, and based on results, determine whether it will proceed with the

gas supply project. This project is expect-ed to lay foundation for Korean indigenous LNG business model on package projects that that aim to supply gas to end users such as power plants, enterprises, hotels, etc., from the stage of LNG introduction. This project which includes LNG terminal (or FSRU) and gas pipeline construction works is expected to be valued in the range between USD 1 billion and 1.5 bil-lion. Moreover, this project will create opportunities for domestic city gas enter-

prises, as well as domestic equipment manufacturers and EPC contractors, to be involved in natural gas infrastructure proj-ects in Mexico. An official from KOGAS said, Southern Mexico has seen new demand being cre-ated for LNG and is an ideal place for Korean style natural gas infrastructure proj-ects. Based on this MOU signed with the Government of the state of Yucatan, we will build friendly and cooperative relationship.

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KOGAS proceeds with natural gas supply project in Mexico

Korean Register (KR) has announced that it has significantly expanded its land-based test facilities for Ballast Water Management System (BWMS) by opening a brand new specialist facility.KR has been conducting type approval testing of BWMS since 2004, with a con-sortium of six different partners. KR and its partners segregate the duties, taking into account each organizations specialist expertise. This range of expert knowledge and high quality services was recognized when KR was accepted as the first Independent Laboratory in Asia to be accredited by the United States Coast Guard (USCG IL).Manufacturers who have already secured BWMS type approval from their administra-

tions or have developed new equipment and want to secure USCG type approval testing are currently facing long delays because there are not enough test facilities. As a result, there is a significant bottle-neck of manufacturers awaiting USCG type approval testing, particularly land-based testing.To mitigate this situation, KR and one of its partners, Korea Marine Equipment Research Institute (KOMERI) agreed to work together to establish and to build additional test facil-ities to meet this demand. On 22 July, 2016, KR and KOMERI and the consortium part-ners celebrated the completion of the building works for the new land-based test facilities.The test facility, which already offered the

largest capacity for BWMS testing of any-where in the world, has been expanded through the addition of three further units, and it now offers a total testing capacity for Max. TRC 500 m3/h of BWMS together with four testing slots.KRs goal is to meet the growing demand for testing and certifying services from BWMS manufacturers around the world, and by providing high quality specialist ser-vices to support the development of improved, more reliable BWMS.The new facility will be approved by the USCG in September and at the same time will become fully operational for land-based testing for USCG type approval as well type approval testing for other Administrations under the IMOs G8 guidelines.

Korean Register (KR) leads testing technology for BWMS

27

Commenting on the completion of the building works, Dr. B. S. Park, Chairman and CEO of KR said, KR and its consor-tium partners already offer the most expert skills, specialist knowledge and the highest

technical capabilities of any test facility any-where in the world. With this new facility we will be able to offer significantly increased capacity and enhanced type approval ser-vices to BWMS manufacturers, ready for

the Ballast Water Convention to enter into force. At the same time KR will continue to support its global customers with high quality expert services tailored to their busi-ness needs.

Manufacturers and industrial operators can now access more detailed sensor diagnos-tics in harsh operating environments using the IP67-rated, Allen-Bradley ArmorBlock IO-Link master from Rockwell Automation. The device builds on the companys IO-Link portfolio with event and process timestamping capabilities for on-machine applications.The new IO-Link master stores up to 40 timestamps of sensor events on each chan-nel. This event history can help users track changes and more easily diagnose issues. Input timestamps of all sensor data also can be sent to the controller upon a change of state. These and other diagnostics available through the device can reduce issue-resolu-tion time by as much as 90 percent, improve preventive maintenance and opti-mize overall system performance.The ArmorBlock IO-Link master with IO-Link-enabled sensors can aid end users

in creating smarter operations without a complete overhaul, said Kevin Gagliostro, product manager, Rockwell Automation. They can deploy the technology to moni-tor temperature, and margin-indication or proximity parameters in critical processes. They can also target problem areas where better diagnostics are needed to remedy issues.While the new ArmorBlock IO-Link master is ruggedized for use in harsh applications, the Rockwell Automation portfolio also includes an in-cabinet solution for light applications. The on-machine option requires only a single cable from the cabinet, reduc-ing the number and length of cable runs and potential failure points.The ArmorBlock IO-Link master includes connectivity for up to eight IO-Link sensors. The master and sensors share an IP address, helping end users reduce the cost and time to commission equipment.

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New IO-Link Master Brings Smart Diagnostics to Harsh Industrial Environments

BUSINESS

NEWS

28

Sundong Shipbuilding & Marine Engineering (SSME) announced on August 25 that it held a naming ceremony for 2 units of 158,000-ton oil tankers ordered by Norway-based Nordic American Tankers.This event was attended by SSME President Kim Cheol-Nyeon, Nordic American Tankers Chairman Herbjrn Hansson, Marianne Damhaug, the Minister Counselor at Norwegian Embassy in Korea, MaeKyung Media Group Chairman Jang Dae-hwan, and other related officials. These vessels were named as NORDIC STAR by Marianne Lie, Vice-Chairman of Nordic American Offshore and as NORDIC SPACE by Siv Helset, wife of Jan Erik Langangen, Director of Nordic American Tankers, respectively. These oil tankers, ordered in the second half of 2017, measure 277m in length, 48m in width, and 23.1m in height with a carry-ing capacity of 158,000 tons and feature energy-saving design developed indepen-dently by SSME. These vessels have opti-mized design and adopted G-type (Green Ultra long stroke) engine that increased fuel efficiency, reducing fuel consumption by over 10% compared to existing ship

design. Moreover, these vessels meet the EEDI (Energy Efficiency Design Index) requirements to minimize green-house gas emis-sions. SSME has been on track to cope with changes in the market based on constant research and development, including upgrade of medium-to-large tanker and ordinary commercial vessel fleets into eco-friendly models that provide over 10% fuel-saving effects to accommo-date the rising demand for eco-friendly vessels amid enforcement of ever more stringent international environmental regula-tions. An official from Nordic American Tankers said, Over 90% of Nordic American Tankers fleets have been built at Korean shipyards, which reflects strong trust with Korean shipbuilders. The ship owner has maintained healthy financial conditions

based strict non-borrowing management. Significantly, this project will help pave the way for forming long-term partnership.An official from Nordic American Tankers expressed satisfaction, saying, These oil tankers fully accommodated the needs for the safety of crew, vessels, and environ-ment which we take as major priority. We are deeply impressed as they are the first newbuild vessels to be delivered to us in 5 years after we took the delivery from Samsung Heavy Industries in 2010 and 2011.

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SSME held a naming ceremony for 2 vessels of Nordic American Tankers

29

As projects grow larger and more complex, automation technologies need to improve capital efficiency and project schedules. More projects are turning to Electronic Marshalling with CHARacterization Module (CHARM) technology an integral part of the DeltaV Distributed Control System (DCS) to accommodate changes and deliver projects on time and within budget. From its first installation in 2010, Electronic Marshalling has now logged over ten billion hours of operation on its way to saving an estimated $500 million at over 1000 cus-tomer sites.During design and construction, Electronic Marshalling condenses control room space requirements, eliminates multicore cables from field to control room, and reduces commissioning hours. This proven technolo-gy enables field wiring to be landed directly on the IO card, regardless of signal type or control strategy. Electronic Marshalling with CHARMs technology is one of the corner-stone technologies of Emersons Project Certainty initiative targeted at improving cap-ital project performance.

Field wires are ter-minated on CHARM terminal blocks, allow-ing any signal type to be landed on any channel, elimi-nating the need for cross-wiring and marshalling panels. Each I/O channel is mapped to its appro-priate controller electronically through the DeltaV system software.Electronic Marshalling with CHARMs allows hardware and software to be fully independent of each other from design to automatic loop commissioning. Electronic Marshalling replaces traditional marshalling and compresses project engineering schedules for greenfield plants, brownfield migrations, and every day changes. Commissioning time is also reduced with Electronic Marshalling.Recently, the flexibility of Electronic Marshalling allowed one petrochemical team to design and install a new process automation sys-

tem in 50% less time as compared with conventional I/O approaches. In that same project, Electronic Marshalling was credit-ed with saving 19% in installation costs and 15% in design costs.Across all industries, the market is reacting positively to these advances because cus-tomers are seeing results: reduction in proj-ect complexity, accommodation of late changes, and reduced costs, said Bruce Greenwald, DeltaV platform business development manager. Our development takes advantage of the system and field intelligence to automate much of the previ-ously manual and hazardous work.

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Emersons Electronic Marshalling proven in over ten billion hours of operation

BUSINESS

NEWS

30

Karpowership, part of the Turkish energy group Karadeniz Holding, has placed an order for a total of twelve 18V 51/60 engines with a capacity of 18.9 MW per engine with MAN Diesel & Turbo. Six of the engines are to be delivered during the remainder of this year, with a further six at the beginning of 2017. An additional frame-work agreement sets out the conditions for the acceptance of another 48 units.As with previous orders, the engines will be deployed in the Powership fleet of the Turkish business. For this purpose, ballast transport-ers, heavy transport ships and barges are converted into floating power stations, under their trademark name Powerships. Apart from the engines, MAN will also deliver the control and automation equipment for the floating power stations, as well as further sys-tem and electrical hardware.MAN and Karpowership have been teach-ing power stations to swim since 2009. This is a crucial order for our company from a very important customer. We are connected to Karpowership through a long-lasting partnership, and we are proud and happy to be able to further contribute

to the Powership concept with our technology. The Powerships pro-vide electrical ener-gy in areas where it is urgently needed, and thereby help to alleviate pressing energy shortages, said Wayne Jones, Member of the Ex- ecutive Board for Global Sales and After Sales at MAN Diesel & Turbo.Karpowership is the only company world-wide which operates a complete fleet of Powerships - at present, the active fleet comprises a total of nine ships, offering a power capacity range between 30 and 470 MW. A further 22 Powerships are currently being built. The new ships, also fitted with MAN engines, will be used all around the globe: Powerships mean flexibility, explains Dr. Tilman Ttken, Vice President MAN Diesel & Turbo and European Head of Sales Power Plants. The areas of deploy-

ment will be in various parts of Europe, Asia, South America and Africa.Two ships from the fleet with MAN engines are currently in use in Lebanon, stabilising the energy supply of the capital city, Beirut. Since spring 2013, the Karadeniz Powership Fatmagul Sultan has been feeding into the distribution network of the capital city, with a capacity of around 203 MW. It is driven by eleven MAN V51/60 18-cylinder Dual Fuel engines. Karadeniz Powership Orhan Bey is also anchored off Lebanon.

Navarino, one of the worlds leading providers of satellite communications solutions to the merchant marine market, has entered into a new agreement with Inmarsat to integrate Fleet Xpress into Navarinos existing service portfolio. Through the agreement, Navarino will bring more than 1,200 vessels to the Fleet Xpress service over a six-year period.Fleet Xpress, the Global Xpress maritime solution, sets a new standard in broadband maritime communications. The service delivers the highest levels of reliable high-speed broadband connectivity and excep-

tional performance across all of the worlds oceans as well as facilitating innovative Connected Ship applications.Navarino has a global reputation for provid-ing high quality satellite communications products and services for the maritime industry, including the Infinity solution with a client base of more than 500 shipping companies worldwide and covering all types of merchant vessels. It has an estab-lished and steadily growing international resellers network, and offers installation capability at major ports around the world,

fully supported by strategically-located cer-tified technical centres.This is a significant agreement for Inmarsat and our new Fleet Xpress service, said Ronald Spithout, President of Inmarsat Maritime. As a major Inmarsat partner, we are delighted that Navarino shares our vision for Fleet Xpress. Together with our partners, we are making the concept of the Connected Ship a reality; delivering oper-ational and crew welfare benefits that can make vessels more efficient, competitive and profitable.

MAN Diesel & Turbo and Karpowership renew partnership

Navarino commits over 1,200 vessels onto new Fleet Xpress service

Engine room of Karadeniz Powership Fatmagul Sultan

31

Extending our strategic alliance with Inmarsat to bring Fleet Xpress to our portfo-lio represents a natural progression in a cooperation positioning Navarino at the

cutting edge of maritime satellite communi-cations, said Dimitris Tsikopoulos CEO Navarino. Both companies are committed to growing maritime broadband for diverse

customer requirements, and to the invest-ments and support needed to nurture this exciting market.

Hyundai Heavy Industries (HHI) issued a public disclosure of its 2Q 2016 consolidat-ed earnings on July 27.According to a regulatory filing, during April-June period HHI racked up 9.8627 trillion Korean won (hereinafter referred to as won) in sales while operating income stood at 557.2 billion won, bringing accu-mulated sales and operating profits for the first half of this year to 20.1355 trillion won and 882.4 billion won respectively.HHI attributes operating profits for two con-secutive quarters to a series of drastic and comprehensive restructuring measures put in place since 2014 by the incumbent top management, and strong performances of Hyundai Oilbank, its refining subsidiary.An HHI officer said, Stabilization of manu-facturing processes for offshore plant busi-ness, change orders received from its off-shore plant business clients, and increased building volume of ships that HHI won at profitable prices outweighed the 260 billion won one-off cost for the voluntary retirement

program. Continued efforts to reduce materi-al costs for non-ship-building businesses including Engine & Machinery, Electro Electric Systems and Construction Equipment also played a role for the profits.The official added, It is encouraging to post profits for two consecutive quarters but we still have a long way to go. Bearing in mind the 80% drop in new orders for our shipbuild-ing business for the first six months of this year, we will continue to faithfully implement the management improvement plan to facili-tate sustainable performance. Meanwhile, Samil PwC, a local member of the global accounting firm PwC, announced on July 26 that HHIs 3.5 trillion won worth of manage-ment improvement plan is good enough for it to make operating profits and secure liquidity

even in the worst case scenario.HHI also held a board of directors meeting and decided to sell Hyundai Finance Corporation and Hyundai Venture Investment Corporation as a part of the proposed management improvement plan. With the decision to dispose of all of its financial arms including Hyundai Futures, Hi Asset Management and Hi Investment & Securities, HHI will accelerate its business reorganization efforts with much more focus on its core businesses.

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HHI Posts 900 Billion Won Profits for First Half of 2016

BUSINESS

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32

BigOceanDatas modern, web-based AIS vessel monitoring system and fleet manage-ment tools are now helping to track and report on up to 50 material container vessels at any one time that are inward bound to Singapore.The tender selection process was tough with the client demanding a very high standard to meet their need for a modern, high-intensity ocean vessel monitoring operation with inte-grated mapping and charting information. The contract was finally won not only by meet-ing all the contractual and pricing require-ments, but also because BigOceanData was able to demonstrate advanced features such as different ocean state conditions, good AIS coverage both terrestrial and sat-ellite, a modern, user-friendly interface and good local support, according to Sebastian

Koh, Managing Director of Alltek Technology Singapore. The sys-tem is now fully oper-ational following on-site user training for the agencys person-nel delivered by Big OceanData person-nel and ALLTEK is providing local sup-port.The government agen-cy is operating the standard BigOceanData interface. Among the many other features of the system that are now assisting the agency with its high-intensity monitoring operation are the integration of mapping

and charting information together with a range of port monitoring tools including vessels scheduled, vessels in port and departed and vessel time in port reports.

BigOceanData to supply Singapore government agency with vessel monitoring services

Caterpillar Marine announced that is new Marine Center in Singapore in the facility previously occupied by Caterpillar Remanufacturing, at 5 Tukang Innovation Grove. The new center will bring together in one location almost 200 people employed by Caterpillar Marine in Singapore.Facilities will feature new manufacturing capability for Caterpillar Marines Propulsion business to build the companys range of MTA azimuth thrusters and MTT tunnel thrusters. The new Marine Center will have the capability to produce the full line of thrusters including additional capacity to produce the new MTA 9 with rated power exceeding 3.5 MW, as well as Caterpillar's expanded series of thrusters dedicated to the tug market. The center will also house members of Caterpillar Marines Propulsion Systems Solutions team, who work on the development of advanced and innovative marine propulsion system concept designs.

This location already functions as Caterpillar Marines sales and service hub covering MaK, Caterpillar Marine and EMD branded medium speed diesel engines for the Marine, Power Generation and Oil and Gas markets throughout the Asia Pacific and Oceania region. As part of this latest commitment to Singapores maritime industry, the new cen-ter will allow Caterpillar Marine Asia Pacific Pte Ltd. dealership to expand its workshop space and capabilities, and consolidate its extensive offsite spare parts inventory to improve the efficiency of its parts operations.In addition, the Marine Center will enable an expansion in Cat Medium speed engine training services for customers in the

region, and establish a new Caterpillar Propulsion Training center for customers and dealers on Caterpillar Propulsion th

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