Moon Jae-in pledges to revitalise South Korea’s shipbuilding sector for LNG
Following a visit to Daewoo Shipbuilding & Marine Engineering (DSME), Moon Jae-in, South Korea’s president, has announced his commitment to revitalising the nation’s shipbuilding sector.
The new shipbuilding revitalisation programme has been valued at approximately US$2bn, which includes subsidies for replacing old vessles.
The President declared that “Korea can become a global shipbuilding leader once again” during his pledge to support shipbuilding, initially focusing on LNG.
“The vision of becoming a global shipbuilder is a national task that we cannot give up,” he added.
“The government will provide its full support to help [domestic shipyards] secure more orders for new ships, starting with LNG carriers.”
South Korea will also work on special measures “innovative growth of the shipbuilding industry” before the second quarter of next year.
The special measures will focus on supporting research in environmentally friendly self-driving technologies, as well as increasing orders for publicly funded vessels and creating a large-scale offshore wind facility.
One of the main attractions at DSME was the newly christened Vladimir Rusanov liquefied natural gas (LNG) tanker.
The tanker was built at DCME’s Okpo Shipyard in Geoje, Gyeongsangnam-do Province, and will service the Yamal LNG facility in the Russian Arctic.
Global Offshore rebrands Enelift and invests in global hubs
Global Offshore has rebranded Enelift and will invest "a seven-figure sum" in establishing new support hubs in Houston, Dubai, Singapore, Perth and the Caspian during the next six months.
The investment will cover oil, gas and renewables, mainly concentrating on manufacturing capability with associated R&D, as well as in stock held in the hubs.
The company’s flagship Hinge Lok technology provides aluminium, non-welded light weight transportation cradle for casing and tubing. Enelift now plans to enhance its offering by augmenting its existing solutions with robotics and remote operational and training technology, which will reduce manpower for handling offshore equipment that is transported and stored using the Hinge Lok system.
Enelift is partnering with "a Japanese robotics company" and the technology will be trialed with "a Norwegian operator on a Norwegian drilling rig", according to a statement.
Operating from its bases in Aberdeen, UK and Esbjerg, Enelift was founded by 35-year industry veteran and Managing Director Paul Brebner 10 years ago to offer the offshore energy industries safe, reliable and efficient storage and transportation of equipment.
The expansion plans are bolstered by the appointment of Jim Clark of the Craigendarroch Group to Chairman, and Adam Maitland to Non-Executive Director. Maitland is the Managing Director of Hutcheon Mearns IF, and brings his wealth of expertise in the field of corporate finance.
Brebner said Enelift may be a new name in the market, but the experience it brings is "industry renowned".
"Our solutions are underpinned by safety that enables inefficiencies and their associated costs to be eradicated – meaning operational personnel can focus doing what they do best, safely. We remain committed to providing the safest storage and transportation solutions for equipment in the sector as we grow our global operations," he said.
Clark said the market is changing and its solutions fully support customers’ economic and safety aspirations.
"We are very well placed to take full advantage of increasing opportunities in the Middle East, Africa, Far East and Americas. Safety is our absolute commitment to our customers and our support hubs will facilitate this. Aligning our identity to our entire offering ensures that we will drive our expansion through new products and global support sites across the rest of this year."