Oct 3, 2018 NEWPORT SHIPPING PURCHASES 100 SCRUBBERS FOR TURNKEY RETROFIT SERVICES
Newport Shipping Group has purchased 100 scrubbers with options for an additional 100 units from Chinese scrubber manufacturer Weihai Puyi Marine Environmental Technology Co (Puyier).
The bulk purchase of scrubbers, which aims to safeguard shipowners against any price hikes or production bottlenecks as demand increases, coincides with the signing of cooperation agreements with engineering services providers Harris-Pye and Goltens.
Newport Shipping Chief Executive Officer Erol Sarikaya said: “Together with our existing global network of drydocks, we can now offer the marine industry its first-ever turnkey scrubber retrofit solution. We are providing shipowners with a true one-stop-shop for equipment procurement, engineering, guaranteed retrofit slots, and attractive deferred payment plans covering up to 60% of the total contract cover over 18-months subsequent to retrofit completion.
Newport Shipping’s COO Roy Yap (seated left) and Ryan Gao, General Manager sign a partnership agreement for the supply Puyier’s marine exhaust cleaning systems
“Having secured an 8-month lead-time for scrubbers ordered by the end of October, we can guarantee shipowners that their retrofits will be completed well in advance of the 2020 Sulphur Cap implementation date.”
Engineering will be facilitated by Harris Pye and Goltens, both established marine engineering companies with histories dating back to 1976 and 1940, respectively. Theses companies will provide 3D scanning and engineering services, including basic and detailed design, prefabrication and, where and when required, riding squads to facilitate partial or full in-service retrofits.
Goltens VP Sandeep Seth said: “The market is gathering pace as more and more shipowners opt for the scrubber solution as the way to comply with the global sulphur cap rule. With the agreement we have reached with Newport Shipping, shipowners benefit not only from our Green Technologies’ service offering, but drydock availability, a cost-effective means of financing their scrubber retrofits and a scrubber technology that is proven with more than 50 installations.”
Harris-Pye COO Chris David said: “With the global emissions regulation due to enter into force in just over one year, shipowners and operators are realising that exhaust cleaning makes more commercial sense due to the clear payback. Harris-Pye further enhances Newport Shipping offerings by providing a significant scope of in-service work which reduces off-hire time at the shipyard for a more rapid retrofit re-delivery.”
Roy Yap, Newport Shipping’s COO, said: “Having vetted numerous scrubber manufacturers over the past year, including new entrants to the market; we selected Puyier because of its 10-year track record in exhaust gas cleaning technology. Together with our professional network of partners, Newport makes scrubbers accessible for retrofits in service or at the shipyard.”
Puyier General Manager Ryan Gao said: “With Newport’s bulk purchase of 100+100 scrubbers we are able to pass on any savings to the shipowner while locking in favourable delivery slots. With major scrubber manufacturers offering lead-times of between 16 to 20 months; our established design, supply chain and manufacturing base provide timely 8-month deliveries for Newport customers.”
Puyier manufactures open, closed and hybrid scrubber systems in both I-type and U-type configuration. It has more than 70 references including major operators as TRF and RCL and another 100 units on order. The system received approval from all the major es classification societies following its installation aboard the containership COSCO Binghe in 2013
Newport currently has a pipeline of owners across all major vessel classes projects totalling 87 of the 100 scrubbers purchased with binding LOIs and contracts.
May 15, 2018 PAXOCEAN AND NEWPORT SHIPPING GROUP SIGN COOPERATION AGREEMENT
UK-headquartered Newport Shipping has added to its global network of ship repair yards with facilities in Singapore, Indonesia and China, following the signing of a cooperation agreement with Singapore-based PaxOcean.
The agreement, specific to PaxOcean’s Pertama (Batam, Indonesia), PaxOcean Singapore and PaxOcean Zhoushan facilities, brings Newport’s tally of ship repair yards to six, totalling 13 drydocks and providing annual drydocking capacity for more than 1000 vessels.
Newport Shipping Group CEO Erol Sarikaya said: “We are delighted that PaxOcean has added three shipyards to Newport Shipping’s network of shipyards. These three ship repair yards help to strengthen a growing portfolio of ship repair facilities around the world.”
Newport Shipping Group already has cooperation agreements in place with the Zhoushan Longshan and Fujian Huadong shipyards in China, and the Cicek Shipyard, in Tuzla, Turkey. The company is also in the process of finalising agreements with other yards, coatings suppliers and original equipment manufacturers. While the group’s repair yards are all strategically located within the lower cost regions of the Pacific/Atlantic trading zones, “they are all state-of-the-art facilities capable of handling all ship types and sizes and carrying out highly complex ship repair projects and retrofits,” said Mr. Sarikaya.
“We now have the ability to offer a total annual drydocking capacity for more than 1,000 vessels, offering shipowners the freedom to drydock where best suits their operational needs.”
Commenting on the decision to work together with Newport, Mr. Tan Thai Yong, Chief Executive Officer, PaxOcean Holdings Pte Ltd, said: “Newport’s overall strategy to provide shipowners with a standardised drydocking for all their ship repair, maintenance and equipment upgrades complements PaxOcean’s capabilities in executing and delivering quality, reliable and cost-efficient solutions.
“We found Newport Shipping’s unique financing capabilities particularly attractive since vessels repaired at Newport’s docks will be fully paid for before leaving the yard. This de-risks any payment problems and reduces considerably the shipyard’s administrative burden.” Another novel aspect to the cooperation agreements Newport Shipping has with its yards, is the procurement and delivery of equipment and spare parts for ship repair projects.
Roy Yap, Newport Shipping’s Chief Operating Officer said: “The agreements we have in place with shipowners covers all maintenance costs in addition to drydocking costs, such as spare parts, equipment upgrades, specialist and retrofit works, such as those for BWTS or scrubbers. By procuring the delivery of spare parts upon vessel arrival, we help shipowners eliminate unnecessary time off-hire, while optimising project time and planning for the shipyard.”