March 2016 - Page 2 of 3 - Kemplon Engineering

Hyundai

Hyundai Heavy Industries 2015 Losses Continues This Year

By | Article | No Comments

Hyundai Heavy Industries will continue to incur losses in 2016, after having an annual loss of US$1.14 billion in 2015. The loss was due to cost reevaluations for all offshore projects after checking problems with the Al-Nasr field development in Abu Dhabi. Said projects however are close to completion. The extremely low prices of oil have also reduced the demand for offshore plants. Oil majors have begun to put in new investments on newer oil fields.

HHI is also not expected to make returns in the near future, although additional losses in 2016 should be below 2015 levels. The Jeddah South Terminal Power Plant and Shuqaiq Thermal Power Plant will continue until they create smooth performances due to commissioning after their completion. They are expected to be completed in 2017.

Indeed it was a tough year for the world’s largest shipbuilder with the unfavorable market conditions and global economic downturn. It suffered losses from the cancellation of semi-submersible rigs, delivery delays of offshore projects, and increased man hours. They also remained in deficit due to losing provision for an offshore project as well as a one-off maintaining cost for drillships they delivered.

In the third quarter of 2015, HHI still reported a net income that was twice the analysts’ estimates. The net income posted was at $47 million or 53.7 billion won, versus analysts’ projection at 22.2 billion-won average.

One HHI officer stated that they laid the groundwork for a turnaround in 2016. They have a series of comprehensive restructuring measures. Some of these measures include liquidating unprofitable overseas subsidiaries and launching a human resource efficiency enhancement program to shoring up their finances, which they believe is possible by selling off stock assets.

It is good to see that despite the losses they are committed to increase their profits for 2016. They plan on implementing stricter cost cutting measures and stabilizing manufacturing processes.

Seatrade Cruise Global 2016

By | Events | No Comments

Kemplon Engineering is excited to announce that they will be attending this year’s Seatrade Cruise Global.

Seatrade Cruise Global is a premier global business-to-business event for the cruise industry. The event will be held on March 14-17, 2016 which will take place at the Fort Lauderdale Broward County Convention Center.

This four-day conference and three-day exhibition will surely bring together every facet of the business which includes cruise lines, suppliers, travel agents, and partners. Exhibitors, international journalists and attendees from across the globe are expected to be part of this cruise industry’s epicenter. Read More

Recent Improvements in Tube and Pipe Production

By | Technology | No Comments

The new “T Bend” mandrel bending machine has been launched. Transfluid Maschinenbau GmbH, a partner for manufacturing tube bending and processing machines used the principle of adaptability and flexibility when they produced the fully automatic ‘t bend’ mandrel bending machine DB 622-CNC. It allows for an operation with a separate safety apparatus.

The following are some of the features of the machine: Read More

China Plans Carrier Battle Groups to Protect Its Overseas Interests

By | Marine News | No Comments

The Chinese Navy high ranking official confirmed that China is planning to put aircraft carrier battle groups to protect the country’s maritime turf.

According to Real Admiral Yin Zhuo, the aircraft carrier battle groups are intended to defend China’s sovereignty on the islands and reefs, maritime rights and overseas interests.

So far, China has one aircraft carrier, the Soviet-built – the Liaoning, but it mainly functions as a training ship and does not usually venture far from the mainland and play any combat role.

Read More

Kemplon Engineering Celebrates International Women’s Day

By | Article, Events | No Comments

Kemplon Engineering, who has successfully met Women’s Business Enterprise National Council (WBENC) world class standard as a Women’s Business Enterprise, is celebrating International Women’s Day this week!

WBENC is the largest third-party who certifies that the businesses is owned, controlled, and operated by women in the United States.

International Women’s Day (IWD) is celebrated on March 8 every year in many countries across the globe. This day marked the courage, determination and achievements of women who have played vital roles throughout history. Read More

Is Drydocking A Necessary Evil?

By | Technology | No Comments

^ Drydocking Ships is a Mammoth Operation – Image Courtesy of Hydex Solutions at http://shiphullperformance.org/getJournalPDF/15.pdf

First in a series of two, this article is based largely on the whitepaper Extending the Interval Between Drydocking to Ten Years by Hydex Solutions.

An Inconvenient Necessity

Drydocking is a bitter pill. But as the owner or operator of a ship, you have to swallow it or you could land yourself in serious financial and legal trouble. Not for nothing does the shipping world regard this procedure as a necessary evil.

Expensive, complicated, lengthy, and stressful is how many will describe it. But as is usually the case, swallowing bitter pills does keep you healthy. Drydocking is no exception. It keeps your ships healthy. And it keeps you out of trouble. Read More

Welder

Deeper Laser Weld Penetration— What Is It?

By | Article | No Comments

Penetration in laser welding refers to the depth of fusion. It is the distance that fusion extends into the base metal or previous pass from the surface melted during welding. All welding requires the pieces of metal and filler metal to have complete fusion in order to have proper weld strength. Whether it was a deep or shallow penetration, the important thing is you have joined the metals together in one piece. However, there are circumstances where deeper penetration in laser welding is more beneficial. Read More

Disney Cruise Line Announces the Addition of Two New Ships

By | Marine News | No Comments

^ Image courtesy of David Castillo Dominici at FreeDigitalPhotos.net

The Walt Disney Company, Disney Cruise Line has announced their agreement with the Meyer Werft shipyards in Germany to build two new ships to its fleet of family cruise ships. They are scheduled to launch in 2021 and 2023. The names, design details and itineraries for the new ships are not yet announced and are still in development.

Read More

CNC laser cutter

4 Important Factors to Consider When Designing Parts for Laser Cutting

By | Article | No Comments

Laser cutting has been a widely acknowledged fabricating technology for two decades now. With the oldest of the boomers nearing retirement, we will be having a new generation of metal fabricators who may not have the kind of training the former have had. For this and among many other reasons, it is important to go back to the basics.

The basics of parts design has to be revisited. We are talking about laser cutting, of course. The following design tips will help the new generation of fabricators enhance and speed up their skills to perform their jobs well. Read More

welder-fabricator

Top 10 Welding and Fabrication Tips

By | Article | No Comments

When it comes to welding and fabrication, all companies seek for high quality products while ensuring reduced costs. Another goal is to increase productivity. To achieve the three would mean investing more time and resources. With the right use of welding equipment coupled with detailed employee training, these will all be achieved. However, in performing the correct welding and fabrication processes, there are key tips to keep in mind.

Here is a list of top 10 welding and fabrication tips for any company to keep their standards high and expenses low. Read More