Korean ship equipment manufacturers have also seen orders growth due to the increase in orders from Korean shipbuilding companies for new LNG-related projects, such as LNG-FPSO, LNG carriers, and LNG-FSRU.
Finetec announced on a regular release that it has signed a contract of approximately 49.75 billion won ($44.54 million) with Samsung Heavy Industries on October 10 to supply insulation boards for LNG-FPSO and LNG carriers. The contract is expected in 2014. Delivery will be completed by May 10.
At the same time, Hankuk Carbon also disclosed on October 10 that it has signed an order with Hyundai Heavy Industries to supply insulation boards for two LNG carriers. It is expected to be delivered in 2013 with a contract value of approximately 25.96 billion won ($23.38 million).

Nickel Based Alloy Powder

Nickel-based alloy powders are commonly used in plasma transfer arc welding (PTAW) due to their excellent corrosion resistance, high temperature strength, and good weldability. These alloys are typically composed of nickel as the base metal, with various alloying elements added to enhance specific properties.

Some commonly used nickel-based alloy powders for PTAW include:

1. Inconel 625: This alloy powder is widely used for PTAW due to its high strength, excellent resistance to corrosion, and oxidation at elevated temperatures. It is commonly used in applications involving seawater, chemical processing, and aerospace industries.

2. Hastelloy X: This alloy powder is known for its high-temperature strength and oxidation resistance. It is commonly used in applications involving gas turbine engines, industrial furnace components, and chemical processing.

3. Monel 400: This alloy powder is known for its excellent resistance to corrosion, particularly in marine environments. It is commonly used in applications involving seawater, chemical processing, and oil refining.

4. Inconel 718: This alloy powder is known for its high strength, excellent resistance to corrosion, and good weldability. It is commonly used in applications involving aerospace, oil and gas, and nuclear industries.

5. Inconel 601: This alloy powder is known for its excellent resistance to high-temperature oxidation and corrosion. It is commonly used in applications involving heat treatment equipment, chemical processing, and power generation.

These nickel-based alloy powders can be used in PTAW processes to create high-quality welds with excellent mechanical properties and resistance to corrosion and high temperatures.

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