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日本海事新聞ニュース Japan Maritime Daily Jul 07, 2022 (Thu)

Russia-related newbuild contract of Korean shipbuilder to be canceled

 At a major Korean shipbuilding company that has received large orders for LNG (liquefied natural ga ・・・ %E3%80%80At+a+%3Cb%3Emajor+Korean+shipbuilding+company%3C%2Fb%3E+that+has+received+large+orders+for+LNG+%28liquefied+natural+gas%29+carriers%2C+%E2%80%9CRussian+risk%E2%80%9C+has+begun+to+appear.+Due+to+the+fact+that+the+construction+price+was+not+paid+within+the+deadline+and+the+procurement+of+major+parts+was+hindered+in+the+case+that+seems+to+have+been+ordered+by+a+Russian+shipowner%2C+some+contracts+were+canceled.+Economic+sanctions+on+Russia%2C+which+invaded+Ukraine%2C+are+affecting+it.+On+the+other+hand%2C+although+it+seems+to+be+a+rare+case%2C+the+Hyundai+Heavy+Industries+Group+has+recently+resold+the+canceled+project+conditionally+and+succeeded+in+significantly+increasing+the+ship+price.+%3Cbr%3E%E3%80%80As+for+existing+LNG+carriers+engaged+in+the+transportation+of+LNG+shipped+from+Russia%2C+there+also+seem+to+be+uncertainty+about+the+procurement+of+major+parts.+%E2%80%9CMajor+parts+are+made+by+European+manufacturers.+I+don%E2%80%99t+know+if+it+will+be+possible+to+receive+supply+from+European+manufacturers+when+parts+need+to+be+replaced%2C+such+as+when+docking%2C%E2%80%9C+said+a+shipping+official%2C+who+suggested+that+stable+transportation+could+be+hindered.+%3Cbr%3E%E3%80%80On+July+6%2C+Korea+Shipbuilding+%26+Offshore+Engineering%2C+a+shipbuilding+holding+company+of+the+Hyundai+Heavy+Industries+Group%2C+notified+the+Korea+Exchange+of+changes+%28resale%29+in+the+contract+details+of+a+total+of+three+LNG+carriers+ordered+by+its+subsidiary+Hyundai+Samho+Heavy+Industries.+Regarding+the+original+orderer%2C+the+group+said+%E2%80%9Cno+comment+because+it+is+a+very+sensitive+theme%E2%80%9C+%28related+person%29%2C+but+it+seems+that+he+was+a+Russian+shipowner.+There+were+two+contracts+%28two+vessels+and+one+vessel%29%2C+and+the+supply+of+major+parts+was+hindered%2C+so+each+construction+contract+was+canceled+with+the+shipowner.+It+conditionally+signed+a+new+construction+contract+with+another+shipowner.+%3Cbr%3E%E3%80%80Of+the+two+cases%2C+one+%28two+vessels%29+for+which+the+order+was+announced+in+July+2021+was+initially+for+a+Liberia+ship+owner%2C+and+the+total+contract+amount+was+420.7+billion+won+%28about+365.64+million+dollars%2C+1+dollar+%3D+1150.6+won%29.+It+was+%24+182.82+million+per+ship.+Delivery+time+is+until+August+22%2C+2024.+Under+the+new+construction+contract%2C+the+ordering+party+will+be+the+Oceanian+shipowner%2C+and+the+total+contract+amount+has+increased+to+628.2+billion+won+%28about+484.01+million+dollars%2C+%24+1+%3D+1297.9+won%29%2C+which+is+242+million+dollars+per+ship.+No+change+in+delivery+date.+%3Cbr%3E%E3%80%80In+the+other+case+%28one+ship%29%2C+the+order+was+announced+in+January+2021%2C+and+the+orderer+was+the+Liberia+shipowner+in+the+initial+contract.+The+total+contract+amount+was+198.9+billion+won+%28about+182.86+million+dollars%2C+1+dollar+%3D+1087.7+won%29%2C+and+it+was+scheduled+to+be+delivered+by+August+1%2C+2023.+Under+the+new+contract%2C+the+ordering+party+was+changed+to+an+Oceanian+shipowner%2C+and+the+total+contract+amount+was+314.1+billion+won+%28about+242+million+dollars%2C+1+dollar+%3D+1297.9+won%29.+Delivery+time+is+the+same+as+before.+%3Cbr%3E%E3%80%80The+ship+types+of+the+three+ships+have+not+been+disclosed.+According+to+Clarksons+Research+in+the+UK%2C+the+current+ship+price+of+174%2C000+cubic+meters+is+232+million+dollars%2C+which+is+about+10+million+dollars+higher+than+the+simple+comparison%2C+which+is+the+latest+highest+level.+%3Cbr%3E%E3%80%80Prior+to+this%2C+on+June+30%2C+Daewoo+Shipbuilding+%26+Marine+Engineering+announced+to+the+Korea+Exchange+that+it+had+notified+the+cancellation+of+one+LNG+carrier.+The+company+announced+orders+for+three+vessels+in+October+2020%2C+and+canceled+one+vessel+on+May+17%2C+and+one+more+vessel+this+time.+In+both+cases%2C+the+shipowner+did+not+pay+the+construction+fee+within+the+deadline.+%3Cbr%3E%E3%80%80The+price+of+the+one+remaining+ship+is+over+%24+290+million+per+ship%2C+and+the+delivery+date+is+until+July+31%2C+2023.+There+is+a+possibility+of+an+icebreaker+for+the+Arctic+LNG+project+%E2%80%9CArctic+LNG-2%E2%80%9C+led+by+Russian+natural+gas+giant+Novatek.+%3Cbr%3E%3Cbr%3E%3Cbr%3E%3Cbr%3EDisclaimer%3A+The+English+translations+provided+through+this+service+are+the+result+of+translations+made+by+The+Japan+Maritime+Daily+or+automatically+and+mechanically+translated+by+The+Japan+Maritime+Daily+using+an+automated+translation+system+provided+by+a+third+party+after+certain+processing+of+the+Japanese+content+licensed+by+the+third+party.+In+terms+of+the+English+translation%2C+The+Japan+Maritime+Daily+and+MarineNet+Co.%2C+Ltd.+make+no+warranty+or+burden+of+any+kind%2C+express+or+implied%2C+including+its+accuracy%2C+reliability%2C+validity+or+fitness+for+a+particular+purpose.+MarineNet+Users+should+fully+understand+that+this+service+uses+an+automated+translation+system+that+automatically+and+mechanically+recognizes+and+analyzes+information+and+produces+results.+The+users+should+understand+the+above+conditions+before+using+this+service.%3Cbr%3E%3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