Speaking at the Shipbuilding Market Outlook session at the Sea Asia Virtual Preview, Gu Hai, vice president, Singapore Innovation and Research Center, ABS said that when the pandemic hit, the orderbook for newbuild vessels over 2,000 dwt was at a 30-year low.
The orderbook at the start of 2021 stood at 8% of the world fleet in gross tonnage terms, down from 52% at its peak in 2008. Over the same period, the number of active yards fell from 930 to 391.
“We had a good start this year with 169 new orders by the end of March, and a Clarksons projection of about 1,100 new orders this year. There’s some good news,” said Gu. Tightening regulation such as EEXI and CII create replacement pressure on the fleet which will support the orderbook in the longer term, he added.
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Dynagas FSRU completes sea trials in China April 20, 2021, by Adnan Bajic
Chinese shipyard, Hudong-Zhonghua Shipbuilding, has recently completed the sea trials for the first FSRU it is building for the Greek shipping company, Dynagas.
Courtesy of Hudong-Zhonghua Shipbuilding
The shipyard, a unit of the China State Shipbuilding Corporation (CSSC) said the FSRU Transgas Power completed its trials a week ahead of schedule.
Following the completion of sea trials, the vessel is now ready to run gas trials prior to subsequent delivery to its owner.
The shipping company ordered the FSRU Transgas Power, together with its sister vessel, the Transgas Force.
CCS awards China’s 1st hydrogen fuel cell type approval April 20, 2021, by Jasmina Ovcina
Wuhan-based PEM fuel cell supplier Troowin Power System Technology Co has won a type approval from China Classification Society (CCS) for its marine fuel cell product.
CCS said that this was China’s first certificate of type approval for a marine fuel cell, and that it follows more than a year of reviews and on-site tests.
Hydrogen fuel cell type approval
The approval marks a major milestone in China’s pursuit of commercially viable alternative fuels and provides a new channel for the use of hydrogen fuel cells on ships, the classification society said.