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Bankruptcy and liquidation of the STX shipbuilding, suddenly "live" come
2017-07-04 09:01:35   Source: China Shipbuilding economic and Market Research Center editor: China Shipping Network

Special attention:

In July 3rd, South Korea Seoul court announced the end of the takeover of STX shipbuilding program, STX shipbuilding become involved in marketing the normal enterprise orders, after the guarantee, letter of credit, bill payment blocked the problem has been solved. Last June, in order to avoid STX shipbuilding bankruptcy liquidation, the Seoul court agreed to take over the STX ocean shipbuilding, to help the restructuring and recovery.

Company dynamics:

1, ExxonMobil signed an agreement with EaGle LNG Partners, Crowley to work together to promote LNG as a marine fuel. The alliance will start from Florida, and gradually expand to the entire North American market.
2, China merchants import and Export Bank recently obtained about 1 billion U.S. dollars of new shipbuilding financing guarantee, for the construction of 637 million 500 thousand U.S. dollars worth of 10 VLOC and 340 million dollars worth of 5 VLCC.
In 3 and July 3rd, Samsung Heavy Industries received orders from Singapore's AET 2 shuttle tankers with an estimated value of about $240 million, which is expected to be delivered in January 2020. This year, Samsung heavy industry has accumulated new orders 15 /50.6 million U.S. dollars. Shuttle tankers are usually equipped with high-end dynamic positioning systems suitable for harsh sea conditions, which are about 2.5 times the cost of tankers of the same size.
4, recently, Japan has obtained 1 311 thousand tons VLCC orders of Tyoei Tanker in Japan, and is expected to be delivered in the third quarter of 2019.
5, recently, Singapore Ji Bao shipyard said, Hilli Episeyo FLNG will be completed and delivered, the FLNG by a Moss type LNG ship refitted, LNG liquefaction capacity of 2 million 400 thousand tons, after delivery will be used in Cameroon FLNG project, which is the world's first modified FLNG.
6, Norway oil clothing company Subsea 7 recently acquired Singapore EMAS Chiyoda Subsea part of the business, the total transaction amounted to about $100 million. After the completion of the acquisition, Subsea 7 handheld orders will increase $850 million.
7 days ago, Daewoo shipbuilding and marine MAN to collect licensing fees, authorize the use of high pressure gas supply system to LNG patent, the existing LNG ship LNG power conversion. In 2008, Daewoo shipbuilding marine development high pressure LNG gas supply system and patented, in 2015 to the Korean domestic supporting enterprises free license of the patent.
8, Korea Techcross complete USCG type approval test, the test in Korean classification society, became the first Korean to complete the test of the enterprise, the next step will be submitted to USCG final type certification application. In September 2015, USCG approved the independent certification laboratory accredited by the Korean classification society.

Policy direction:

Recently, the State Council issued "on the adjustment of industrial products production license management directory and try to simplify examination and approval procedures of decision". In accordance with the deepening of decentralization, put the tube combination, optimize service reform, catalog production license management adjustment of industrial products, industrial products production license and simplify approval procedures, strengthen the regulatory responsibility of departments and enterprise product quality and safety responsibility, conducive to the relaxation of market access, stimulate social investment activity, promote "China manufacturing quality upgrading.

Laws and regulations:

1. The Shanghai maritime court issued the white paper on maritime trials in 2016. The white paper summed up the new situation, new problems and risk tips of maritime cases last year, summarized the six characteristics of the shipping industry from the perspective of maritime trial. That is, there are many disputes about shipping contracts; the judicial differences after the abolition of water regulations; the high incidence of transport disputes in the new market; the emergence of cruise tourism litigation cases; the concentration of ship cleaning costs cases; the disputes involving seafarers are paid attention to.
2, the Supreme People's Procuratorate issued "the Supreme People's Procuratorate organs of the judicial responsibility system reform implementation opinions (Trial)", made a new top-level design in judicial and business operation mode of the Supreme People's Procuratorate organs. A total of fifteen opinions were implemented, which have been tried since October 1, 2017. The implementation of the opinions is clear, the prosecutor undertakes the case, adopts the principle of random case division, supplemented by designated sub case. Important and complicated cases by the attorney general (Deputy Attorney General) designated prosecutor handling group or sole contractor. Case handling, audit, circulation and management should be carried out on the unified business application system. The case management departments to implement centralized management of judicial work, a comprehensive record of the whole process of handling information, synchronization, dynamic supervision and handling of the case after completing the activities, organize the evaluation of quality.

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