Highest production amid slump
South Korean large shipbuilders are expected to deliver over 500 ships this year, the highest figure ever. According to Korea Shipbuilders’ Association (Koshipa), its nine member companies, which are major shipbuilders, have completed over 400 newbuildings last year and they would turn over more than 500 ships to shipowners for the first time in 2009.
The nine shipbuilders’ output accounts for 90% of the total ship production in Korea and they handed over a total of 407 vessels in 2008, up around 20% from 340 units in 2007. Last year, Hyundai Heavy Industries (HHI) delivered over 100 vessels for the first time. Other major shipbuilders such as Samsung Heavy Industries (SHI), Daewoo Shipbuilding & Marine Engineering (DSME), STX Shipbuilding and Hanjin Heavy Industries & Construction (HHIC), etc also have expanded their output. In 2009, the output growth rate is expected to increase with the nine shipbuilders planning to hand over 522 newbuildings, up around 30% against 2008. Newbuilding order boom since 2004 and shipbuilders’ expansion of building capacity contributed to the increase in shipbuilding output. As for HHI, its FPSO-exclusive dock is set to be completed within this month and its new yard Gunsan Shipyard is scheduled to launch the first ship in November this year. Also, SHI’s No. 3 floating dock starts operation this month and DSME has completed the expansion of its No. 2 dock in November last year. In 2009, HHI plans to deliver 119 ships (102 in 2008), SHI 63 ships (53 in 2008), DSME 75 ships (55 in 2008), HHIC 35 ships (20 in 2008). Hyundai Samho Heavy Industries aims to hand over 40 ships this year (35 in 2008) and Hyundai Mipo Dockyard 72 ships (70 in 2008).
Hyundai completes 102 vessels
World Top spot Hyundai Heavy Industries (HHI) announced that its newbuilding completions in 2008 reached a total of 102 units, up 22 ships from 2007. The record is a world first for any major shipyard. Since 1974, HHI has completed a total of 1,505 ships for 237 shipowners in 44 countries across the world. Cumulative totals for completion volume were 100 ships as of 1979, 200 as of 1983, 500 as of 1992 and 1,000 as of 2003. HHI expects to complete 119 ships in 2009. With HHI receiving no orders in both October and November, the company's total orders received for January-November 2008 stood at 110 ships aggregating 10.01 million grt and $13.6 billion in value, unchanged from the earlier reported performance for January-September 2008. The 110 ships consist of 37 tankers, 35 containerships, eight LPG carriers, 23 bulkers, two drillships, one special ship and four others. In its total order book, HHI now has a total of 362 ships of 31.3 million grt valued at $34.8 billion. The 362 ships consist of 114 tankers, 155 containerships, four LNG carriers, 30 LPG carriers, 38 bulkers, three drillships, 10 special ships and eight others.
2009년 1월 6일 화요일
2009년 1월 5일 월요일
NEWS / January 6, 2009
“Innovation & Challenge”
While newbuilding order drought is expected to continue in 2009, chief executives of South Korean major shipbuilders selected “Innovation and Challenge” as the management key words of this year.
Although the market is showing a severe slump, CEOs plan to convert this crisis into an opportunity with the spirit of challenge peculiar to Korean enterprises, business process innovation, cost reduction and new technology development such as ice-class ships.
Hyundai Heavy Industries President Choi Kil-seon stressed that management innovation is what should be done first. He laid emphasis on three things: improvement of ‘high cost’ structure / preparing countermeasures against fluctuations in foreign exchange rates and raw material prices / refrainment from unnecessary investment and preoccupation of new business opportunity.
HHI Vice Chairman Min Keh-sik demanded inefficient business routines be innovated and said radical reform is required as profitability in all business sectors is expected to sharply deteriorate in 2009.
Samsung Heavy Industries, the only shipbuilder which over-achieved the self-set order target last year among major shipbuilders, advocates “Creative Innovation and Challenge” as its 2009 management slogan. It plans to focus on three tasks: cost reduction / new technology development such as ice-class ship and wind power generating equipment / client satisfaction through security and quality improvement.
SHI President Kim Jing-wan said cost reduction is the utmost priority and SHI needs to preserve the market share in offshore sector such as drillship and LNG-FPSO while making inroads into ‘future’ businesses.
Daewoo Shipbuilding & Marine Engineering, although the negotiations are having a hard going regarding the sale of a 50.4% stake in it to Hanwha Group, it plans to achieve KRW13trn (USD9.8bn) of revenue this year and set its 2009 order target at more than $10bn for the fourth consecutive year.
DSME also aims to gain a dominant position in drillship and FPSO sectors after it has already attained superiority in LNG carrier and VLCC markets and plans to develop new technology such as ice-class ships.
STX Group placed emphasis on ‘aggressive foreign market exploitation’ and ‘strengthening the growth potential’, advocating “Challenge” as its 2009 management key word.
STX Chairman Kang Duk-soo particularly highlighted four sectors: offshore plant business such as drillship and FPSO / LNG carrier construction and LNG shipment / industrial plants such as power plant and oil refinery / development of energy resources.
South Korean shipbuilders are now leading the world shipbuilding industry but in order to change the current crisis into an opportunity, they need to face the newbuilding order slump with daring strategies.
Meanwhile, shipbuilders have usually announced their order target at the beginning of a new year but no shipbuilder has revealed its aim yet except DSME this year. Despite “Innovation and Challenge”, shipbuilding industry is forecast to face rough going in 2009.
QBSHI started construction for cruiseship building base
Junuary 2, 2009, according to municipal government of Yinghai town in Jiaozhou city, the construction of cruiseship building base of Qingdao Beihai Shipbuilding Heavy Industry will begin officially in Yinghai town industrial park with a total investment of CNY 50m (about USD 6.25m).
It is reported that the construction of the base will be completed by August 2010, the 1st construction cite will be about 4,000 square meters.
It will mainly produce cruiseships and shipbuilding equipments, the annual output value will amount to CNY 100m (about USD12.5m).
The 2nd construction is scheduled to be completed by the 2010 year-end, the annual output value will total CNY 300m (about USD 37.5m).
When entering into operation after the completion of the construction of shipbuilding base, it will resolve the employment problem for about 400 people in the local area and the imaginable income and tax revenue will aggregate CNY 30m (about USD 3.75m).
Qingdao delivered three vessels in 5 days
Qingdao Shipyard delivered a vessel each to China Communications Construction Company, China Petroleum Ocean Enineering, and China Oilfield Services Limited within 5 days of 2008 year-end.
Qingdao Shipyard has been approaching harmonious development of old and new plant areas, production, construction, and relocation while carrying out its development strategy, ‘relocation, reshuffling, and collaboration’.
It will try to open up international market by mainly developing large and medium military vessels, marine engineering vessels, and special liquefied gas carriers with constructing a shipbuilding base for special ships.
While newbuilding order drought is expected to continue in 2009, chief executives of South Korean major shipbuilders selected “Innovation and Challenge” as the management key words of this year.
Although the market is showing a severe slump, CEOs plan to convert this crisis into an opportunity with the spirit of challenge peculiar to Korean enterprises, business process innovation, cost reduction and new technology development such as ice-class ships.
Hyundai Heavy Industries President Choi Kil-seon stressed that management innovation is what should be done first. He laid emphasis on three things: improvement of ‘high cost’ structure / preparing countermeasures against fluctuations in foreign exchange rates and raw material prices / refrainment from unnecessary investment and preoccupation of new business opportunity.
HHI Vice Chairman Min Keh-sik demanded inefficient business routines be innovated and said radical reform is required as profitability in all business sectors is expected to sharply deteriorate in 2009.
Samsung Heavy Industries, the only shipbuilder which over-achieved the self-set order target last year among major shipbuilders, advocates “Creative Innovation and Challenge” as its 2009 management slogan. It plans to focus on three tasks: cost reduction / new technology development such as ice-class ship and wind power generating equipment / client satisfaction through security and quality improvement.
SHI President Kim Jing-wan said cost reduction is the utmost priority and SHI needs to preserve the market share in offshore sector such as drillship and LNG-FPSO while making inroads into ‘future’ businesses.
Daewoo Shipbuilding & Marine Engineering, although the negotiations are having a hard going regarding the sale of a 50.4% stake in it to Hanwha Group, it plans to achieve KRW13trn (USD9.8bn) of revenue this year and set its 2009 order target at more than $10bn for the fourth consecutive year.
DSME also aims to gain a dominant position in drillship and FPSO sectors after it has already attained superiority in LNG carrier and VLCC markets and plans to develop new technology such as ice-class ships.
STX Group placed emphasis on ‘aggressive foreign market exploitation’ and ‘strengthening the growth potential’, advocating “Challenge” as its 2009 management key word.
STX Chairman Kang Duk-soo particularly highlighted four sectors: offshore plant business such as drillship and FPSO / LNG carrier construction and LNG shipment / industrial plants such as power plant and oil refinery / development of energy resources.
South Korean shipbuilders are now leading the world shipbuilding industry but in order to change the current crisis into an opportunity, they need to face the newbuilding order slump with daring strategies.
Meanwhile, shipbuilders have usually announced their order target at the beginning of a new year but no shipbuilder has revealed its aim yet except DSME this year. Despite “Innovation and Challenge”, shipbuilding industry is forecast to face rough going in 2009.
QBSHI started construction for cruiseship building base
Junuary 2, 2009, according to municipal government of Yinghai town in Jiaozhou city, the construction of cruiseship building base of Qingdao Beihai Shipbuilding Heavy Industry will begin officially in Yinghai town industrial park with a total investment of CNY 50m (about USD 6.25m).
It is reported that the construction of the base will be completed by August 2010, the 1st construction cite will be about 4,000 square meters.
It will mainly produce cruiseships and shipbuilding equipments, the annual output value will amount to CNY 100m (about USD12.5m).
The 2nd construction is scheduled to be completed by the 2010 year-end, the annual output value will total CNY 300m (about USD 37.5m).
When entering into operation after the completion of the construction of shipbuilding base, it will resolve the employment problem for about 400 people in the local area and the imaginable income and tax revenue will aggregate CNY 30m (about USD 3.75m).
Qingdao delivered three vessels in 5 days
Qingdao Shipyard delivered a vessel each to China Communications Construction Company, China Petroleum Ocean Enineering, and China Oilfield Services Limited within 5 days of 2008 year-end.
Qingdao Shipyard has been approaching harmonious development of old and new plant areas, production, construction, and relocation while carrying out its development strategy, ‘relocation, reshuffling, and collaboration’.
It will try to open up international market by mainly developing large and medium military vessels, marine engineering vessels, and special liquefied gas carriers with constructing a shipbuilding base for special ships.
2008년 12월 29일 월요일
NEWS / December 30, 2008
Hyundai, revenue rose 26%
Hyundai Heavy Industries has overcome a drop in ship orders as revenue jumped by a quarter in the first 11 months of 2008. The World’s largest shipbuilder says newbuilding contracts fell by 7.4% but higher prices pushed the value of deals up. Seoul-listed HHI booked orders worth $26.20bn between January and November 2008, up 12% on the figure recorded a year ago. Revenue for the period rose 26% to $14.07bn, with November sales up 44% to $1.70bn. Hyundai had failed to book a single newbuilding in October. Only construction equipment and electronics orders kept figures ticking over as HHI's orders plunged 57% year-on-year.
Argentina record order
Trans Ona is set to place an order Monday for a handysize tanker at Argentina's Rio Santiago Shipyard (ARS).
Rio Santiago Shipyard The compatriot tanker and towage player will sign a letter of intention for the 16,000-gt unit and an option for another, according to the Buenos Aires provincial government, which owns the yard. Details of the tanker order, including the price tag, have not been released. A call to the yard went unanswered Monday. The gross tonnage would make the vessels roughly 24,000 dwt. Provincial officials, including Governor Daniel Scioli, are scheduled to attend the signing for the deal as Trans Ona takes delivery of the tug "Ona Don Lorenzo" from ARS. Buenos Aires-based Trans Ona runs a fleet of eight tugs and owns one tanker, the 35,700-dwt Ona Tridente, which ARS built in 1997. ARS, which is located in the Buenos Aires suburb of Ensenada, builds both military and merchant vessels, including bulkers, tankers, boxships and offshore supply vessels.
Minors’ crisis deteriorating in China
Although Chinese shipbuilding industry’s order cancellation has not been aggravated yet, about whether the minor private shipbuilding forces will be well-preserved after a year or two remains of concern.A large number of small private shipbuilders have been established in coastal areas in China in recent years. Media report says, up to the first half of 2008, the number of registered shipyards in Zhejiang province aggregates about 200 and they are all private shipyards. It was mentioned that the total investment in 10 shipbuilding bases by Zhejiang province on the ‘Zhejiang province shipbuilding industry distribution plan’ in December 2006 should be CNY 10.1bn. According to the local media, there are 7 shipbuilding enterprises close to the Jiangsu Jingjiang coasts, whose 2007 shipbuilding completion stood at 2.5m-dwt, nearly the half of the total completion amounts of Jiangsu province, the shipbuilding industry’s sales income went beyond CNY 30bn. According to the development plan, 4 shipbuilders’ sales income will be exceeding CNY 10bn and the total production amount in shipbuilding industry will go beyond CNY 100bn by 2012. However, small private shipyards and state-owned ineffective large state-owned shipyards are facing a very big risk due to the financial crisis. The minor shipowners and shipbuilers on vessel loans are all at great risks. It is because although the order-backlogs for the newly-rising minor private shipyard are filled until the next year or the year after, the 70% cash for the vessel the Europe shipowners were funded by a number of banks in Europe. But, due to the collapse and reconstruction of the Europe’s financial system, whether shipowners m are able to perform the contract agreement will be a doubt. If the shipowners show poor contract performance capabilities, then the down payment paid to shipyards will be insufficient either, which means the orders are likely to be withdrawn, and the market downturn will lead their not signing a new contract. When a private enterprise have no sales income or show no capability to pay back the loans, it means that they are on the brink of bankruptcy. To resolve the minor private shipbuilders difficulties, vessel mortgage loan policy is being set up currently.
Hyundai Heavy Industries has overcome a drop in ship orders as revenue jumped by a quarter in the first 11 months of 2008. The World’s largest shipbuilder says newbuilding contracts fell by 7.4% but higher prices pushed the value of deals up. Seoul-listed HHI booked orders worth $26.20bn between January and November 2008, up 12% on the figure recorded a year ago. Revenue for the period rose 26% to $14.07bn, with November sales up 44% to $1.70bn. Hyundai had failed to book a single newbuilding in October. Only construction equipment and electronics orders kept figures ticking over as HHI's orders plunged 57% year-on-year.
Argentina record order
Trans Ona is set to place an order Monday for a handysize tanker at Argentina's Rio Santiago Shipyard (ARS).
Rio Santiago Shipyard The compatriot tanker and towage player will sign a letter of intention for the 16,000-gt unit and an option for another, according to the Buenos Aires provincial government, which owns the yard. Details of the tanker order, including the price tag, have not been released. A call to the yard went unanswered Monday. The gross tonnage would make the vessels roughly 24,000 dwt. Provincial officials, including Governor Daniel Scioli, are scheduled to attend the signing for the deal as Trans Ona takes delivery of the tug "Ona Don Lorenzo" from ARS. Buenos Aires-based Trans Ona runs a fleet of eight tugs and owns one tanker, the 35,700-dwt Ona Tridente, which ARS built in 1997. ARS, which is located in the Buenos Aires suburb of Ensenada, builds both military and merchant vessels, including bulkers, tankers, boxships and offshore supply vessels.
Minors’ crisis deteriorating in China
Although Chinese shipbuilding industry’s order cancellation has not been aggravated yet, about whether the minor private shipbuilding forces will be well-preserved after a year or two remains of concern.A large number of small private shipbuilders have been established in coastal areas in China in recent years. Media report says, up to the first half of 2008, the number of registered shipyards in Zhejiang province aggregates about 200 and they are all private shipyards. It was mentioned that the total investment in 10 shipbuilding bases by Zhejiang province on the ‘Zhejiang province shipbuilding industry distribution plan’ in December 2006 should be CNY 10.1bn. According to the local media, there are 7 shipbuilding enterprises close to the Jiangsu Jingjiang coasts, whose 2007 shipbuilding completion stood at 2.5m-dwt, nearly the half of the total completion amounts of Jiangsu province, the shipbuilding industry’s sales income went beyond CNY 30bn. According to the development plan, 4 shipbuilders’ sales income will be exceeding CNY 10bn and the total production amount in shipbuilding industry will go beyond CNY 100bn by 2012. However, small private shipyards and state-owned ineffective large state-owned shipyards are facing a very big risk due to the financial crisis. The minor shipowners and shipbuilers on vessel loans are all at great risks. It is because although the order-backlogs for the newly-rising minor private shipyard are filled until the next year or the year after, the 70% cash for the vessel the Europe shipowners were funded by a number of banks in Europe. But, due to the collapse and reconstruction of the Europe’s financial system, whether shipowners m are able to perform the contract agreement will be a doubt. If the shipowners show poor contract performance capabilities, then the down payment paid to shipyards will be insufficient either, which means the orders are likely to be withdrawn, and the market downturn will lead their not signing a new contract. When a private enterprise have no sales income or show no capability to pay back the loans, it means that they are on the brink of bankruptcy. To resolve the minor private shipbuilders difficulties, vessel mortgage loan policy is being set up currently.
2008년 12월 28일 일요일
NEWS / December 29, 2008
Support & Restructuring for shipbuilders
The Blue House, the Presidential Residence of the Republic of Korea South Korean government has established a plan to revive viable smaller shipbuilders and restructure the non-viable. First of all, export insurance increases 54% next year against 2008 for shipbuilding companies facing worsening liquidity problem. But the government decided to induce restructuring of some shipbuilders resolutely. Ministry of Knowledge Economy (MKE) on December 26 released this kind of both support and restructuring plan in a 2009 business report held at the Blue House. ‘Supporting the viable’ and ‘weeding out the non-viable’ will be put forward by a task force, co-organized by MKE and Financial Services Commission. Surplus work force at smaller shipbuilders, resulted by shortage of demand, will not be dismissed and will receive business training such as attaining certificates of technology, backed up by policy. MKE said it will introduce this sort of ‘employment preservation and retraining model’ and provide part of wage and training expense together with Ministry of Labor. For the resuscitation of troubled shipbuilders, export insurance will be expanded to KRW 19.5trn (USD 14.9bn) in 2009, which is larger by KRW 6.9trn against 2008. However, non-viable shipbuilders will be restructured promptly by work-out or M&A, etc. An official at MKE said, “The work place of liquidated companies will be incited to be used as ship-block assembly factory or ship-repair yard and we will help workers at those companies to be employed by other shipbuilders.” Aside from top six to seven large shipbuilders, the government plans to induce swift restructuring for smaller shipbuilders which are non-viable by a general assessment including facility, management and technology ratings.
3 measures for advanced Chinese shipbuilding
Ministry of Industry and Information Technology (MIIT) of the People’s Republic China said on December 24, Chinese marine industry has been affected by the international financial crisis and China strives to maintain stable development of shipbuilding industry by threemeasures such as protecting order-receipts and market, encouraging the development through reshuffling, and technology improvement in order to overcome the current production and management difficulties. The official said, shipbuilding industry requires strong makeshifts as well as the long term development strategies. Firstly, major shipbuilders’ shipbuilding tasks have to be completed and delivered as scheduled and long term development of shipbuilding industry will have to be supported by the increase of newbuilding demands. Secondly, through this market adjustment period, the allocation of resources has to be optimized and distributed rationally by eliminating the outdated production capacity. Also, shipbuilders should be encouraged for alliances or M&A in order to increase industrial concentration and the efficiency of resource use. In addition, Chinese major shipbuilding bases and major shipbuilders’ specialized production and assembly of the half-finished products for industrial clustering effect. At the same time, to improve quality, we should optimize the production structure and develop main vessel model’s brand power as well as high-tech vessel research. Also, the new economy growth point should be found by developing marine equipment manufacturing. In addition, the establishment of modernized shipbuilding module has to be accelerated by effectively addressing the problems in developing vessel equipment, such as focusing on industrial structural problems, speed up the technical innovation of the major shipbuilding equipment manufacturers, and increasing the production capability of major assembly equipment and components such as vessel engine, deck machinery, etc.
The Blue House, the Presidential Residence of the Republic of Korea South Korean government has established a plan to revive viable smaller shipbuilders and restructure the non-viable. First of all, export insurance increases 54% next year against 2008 for shipbuilding companies facing worsening liquidity problem. But the government decided to induce restructuring of some shipbuilders resolutely. Ministry of Knowledge Economy (MKE) on December 26 released this kind of both support and restructuring plan in a 2009 business report held at the Blue House. ‘Supporting the viable’ and ‘weeding out the non-viable’ will be put forward by a task force, co-organized by MKE and Financial Services Commission. Surplus work force at smaller shipbuilders, resulted by shortage of demand, will not be dismissed and will receive business training such as attaining certificates of technology, backed up by policy. MKE said it will introduce this sort of ‘employment preservation and retraining model’ and provide part of wage and training expense together with Ministry of Labor. For the resuscitation of troubled shipbuilders, export insurance will be expanded to KRW 19.5trn (USD 14.9bn) in 2009, which is larger by KRW 6.9trn against 2008. However, non-viable shipbuilders will be restructured promptly by work-out or M&A, etc. An official at MKE said, “The work place of liquidated companies will be incited to be used as ship-block assembly factory or ship-repair yard and we will help workers at those companies to be employed by other shipbuilders.” Aside from top six to seven large shipbuilders, the government plans to induce swift restructuring for smaller shipbuilders which are non-viable by a general assessment including facility, management and technology ratings.
3 measures for advanced Chinese shipbuilding
Ministry of Industry and Information Technology (MIIT) of the People’s Republic China said on December 24, Chinese marine industry has been affected by the international financial crisis and China strives to maintain stable development of shipbuilding industry by threemeasures such as protecting order-receipts and market, encouraging the development through reshuffling, and technology improvement in order to overcome the current production and management difficulties. The official said, shipbuilding industry requires strong makeshifts as well as the long term development strategies. Firstly, major shipbuilders’ shipbuilding tasks have to be completed and delivered as scheduled and long term development of shipbuilding industry will have to be supported by the increase of newbuilding demands. Secondly, through this market adjustment period, the allocation of resources has to be optimized and distributed rationally by eliminating the outdated production capacity. Also, shipbuilders should be encouraged for alliances or M&A in order to increase industrial concentration and the efficiency of resource use. In addition, Chinese major shipbuilding bases and major shipbuilders’ specialized production and assembly of the half-finished products for industrial clustering effect. At the same time, to improve quality, we should optimize the production structure and develop main vessel model’s brand power as well as high-tech vessel research. Also, the new economy growth point should be found by developing marine equipment manufacturing. In addition, the establishment of modernized shipbuilding module has to be accelerated by effectively addressing the problems in developing vessel equipment, such as focusing on industrial structural problems, speed up the technical innovation of the major shipbuilding equipment manufacturers, and increasing the production capability of major assembly equipment and components such as vessel engine, deck machinery, etc.
2008년 12월 25일 목요일
NEWS / December 26, 2008
‘Fatal Day’ for Korean shipbuilders
December 29’ will be this year’s last ‘D-day’ for South Korean shipbuilding industry. On the day, creditors of C& Heavy Industries will decide on whether to provide fresh loans to the ailing shipbuilder. Also, the formal contract for Daewoo Shipbuilding & Marine Engineering (DSME) sale is scheduled to be signed on the same day. Especially, small and medium sized shipbuilders are keeping a close watch on the decision of banking agencies over C& Heavy bailout as the decision could become a benchmark for the restructuring of 26 S&M sized shipbuilders scheduled to be take place early next year. Large shipbuilders are also on the watch for DSME sale as it can cause a shake-up in the shipbuilding industry. Early this month, the creditors of C& Heavy temporarily approved a plan to reschedule debts owed by the shipbuilder and provide fresh loans at the beginning of next year. But they are now in dispute on the allotment of the financial support. On December 29, C& Heavy’s destiny will be decided by a documentary resolution without meeting and if 75% of the creditors agree to rescue the shipbuilder, it will eventually get the new loans. On December 23, Hanwha Group, the preferred buyer for a controlling stake in DSME, requested Korea Development Bank (KDB), DSME’s top shareholder, to delay payment for the acquisition, which is slated by the end of March next year. After the proposal, KDB said, “a delay will be impossible.” Accordingly, whether the formal contract would be signed on December 29 remains to be seen. If the contract is concluded, Hanwha would pay additional KRW 300bn (USD 228m) and the deal would turn the corner.
China shores up shipbuilders
The Ministry of Industry and Information Technology of China (MIIT) is planning to release some policies to shore up the nation's shipbuilders, mainly with the help of domestic financial institutions.China's major shipbuilders last Sunday talked with eight financial institutions like The Export-import Bank of China and China Development Bank, for the financial support to the shipbuilders. Now, the related policies are being made but the details cannot be disclosed, according to people close to the issue. The nation's shipbuilding industry should focus on three aspects now, said a top MIIT official said. One is to guarantee orders; one is to adjust structure and boost development; and the last one is to enhance innovation in the industry. The policies will not be complicated and concrete, but it is sure that the financial institutions would back up the shipbuilders, said an expert at the China Shipbuilding Economy Research Center.
Mediterranean's largest shipyard only months away
The Besiktaş Shipping Group, a leading company in the Turkish maritime business, will soon complete preparations and begin constructing a shipbuilding facility in the Adana-Yumurtalık Free Trade Zone. Once complete, the shipyard will be the largest of its kind in the Mediterranean Basin. İhsan Kalkavan, the owner and chairman of the Beşiktaş group and a former manager of the Beşiktaş Soccer Club, said his company began preparations eight months ago after obtaining a license to build a shipyard in the region. It then rented 300,000 square meters of land and applied for an Environmental Impact Report (ÇED). Speaking to the Anatolia news agency yesterday, Kalkavan said he estimates the ÇED will be ready by the first week of January. He said construction will likely start by February or March. The shipyard will occupy 100,000 square meters of land and 300,000 square meters of sea. It will also have two pools, one of which will be 400 meters long and 70 meters wide while the other will be 350 meters long and 70 meters wide. These pools will be used for supertankers exceeding 300 meters in length that need repairs. "The shipyard will even be able to handle aircraft carriers," Kalkavan noted, adding that it will have the capacity to repair 100 ships (400,000 deadweight) annually. Construction is scheduled for completion in three years and will likely cost $100 million. The company will use its own resources to finance the project, which is expected to employ 3,000 persons.
CSC won 386TEU orders
According to Chongqing Municipal Commission of Foreign Trade and Economic Cooperation, Chongqing Dongfeng Shipbuilding Corporation (CSC) won a shipbuilding order for four 368TEU container ships from an American shipowner on December 17, 2008.
The vessels have the total length of 106.68 meters, the width of 20.6 meters, the height of 5.8 meters, and the draft of 4.215 meters, and are classed into BV. These vessels will be built in accordance with ‘Performance Standard for Protective Coating’, which means this is CSC’s formal entry into the shipbuilding field of international container ships after the proclamation of the new shipbuilding rules from IMO, and CSC is one of the few shipyards which can follow the new rules at present. It is reported that this is the first order-receipt after company’s technical innovation, as well as the first shipbuilding order taken under the recent international financial crisis which affected the vessel export badly and resulted in almost zero volume of newbuilding delivery.
CSBC completed 12,600TEU
According to the report from United Daily News in Taiwan, Zheng Wenlong, the CEO of CSBC Corporation Taiwan said on December 22 that CSBC had completed the research and development of world’s largest containership.It was ordered by Taiwan’s Yang Ming Line (YML) originally but now the order is on hold due to the recession in shipping industry, he said. Zheng said that CSBC has already become one of the most competitive shipyards in the world after being listed on the stock market. CSBC’s 12,600 TEU containerships 366 meters in length and 48.3 meters in width belong to world’s first class and show Taiwan’s shipbuilding and design capability. It is understood that the largest container ships designed by the world’s largest shipbuilding country South Korea are for 12,500TEU level at present. He said that company strives for public facilities business opportunities including 'Love Taiwan 12 construction projects' in order to disperse the operating risks and enhance profits.
2008년 12월 22일 월요일
NEWS / December 23, 2008
Navig8 cancels product tankers order
The significant diversification by Drydocks World Dubai into the mainstream newbuilding market has been dealt a major blow, following with the cancellation of a newbuilding contract for four MR product tankers by Singapore-based Navig8 Group.
The tanker operator, which only started business in March 2007, is blaming its decision to pull out of the Dubai deal on poor market conditions. However, Navig8 spokesman Modi Mano said that “the contract was cancelled mutually between the shipyard and ourselves”.
He would not be drawn further on the reasons behind the order being pulled, nor would he confirm the contract price.
The four 53,500 dwt double-hull tankers were scheduled for delivery in 2010 and 2011. Navig8 also held an option on a further four vessels of the same class. No details have been given by the shipyard or the owner about compensation terms.
Steel cutting on the product tankers had yet to start, as DWD is busy with the construction of eight sophisticated seismic survey vessels for Norwegian and UAE owners.
Two of these vessels are being built for Norway’s Western Geco, and are expected to be operated by recently acquired Dubai-based operator Eastern Echo. Another six vessels are under construction for Dubai’s newly established Polarcus. All of the new buildings are of the unique Ulstein Design X-bow design and are due for delivery from the second half of 2009 through to the end of 2010.
Navig8, meanwhile, has a number of tankers under construction at shipyards in the Far East; two 114,000 dwt product tankers at China’s New Times Shipbuilding, four 75,000 dwt tankers at Korea’s Sungdong Heavy Industries and one 6,800 dwt vessel at China’s Jiangmen Shipyard.
The significant diversification by Drydocks World Dubai into the mainstream newbuilding market has been dealt a major blow, following with the cancellation of a newbuilding contract for four MR product tankers by Singapore-based Navig8 Group.
The tanker operator, which only started business in March 2007, is blaming its decision to pull out of the Dubai deal on poor market conditions. However, Navig8 spokesman Modi Mano said that “the contract was cancelled mutually between the shipyard and ourselves”.
He would not be drawn further on the reasons behind the order being pulled, nor would he confirm the contract price.
The four 53,500 dwt double-hull tankers were scheduled for delivery in 2010 and 2011. Navig8 also held an option on a further four vessels of the same class. No details have been given by the shipyard or the owner about compensation terms.
Steel cutting on the product tankers had yet to start, as DWD is busy with the construction of eight sophisticated seismic survey vessels for Norwegian and UAE owners.
Two of these vessels are being built for Norway’s Western Geco, and are expected to be operated by recently acquired Dubai-based operator Eastern Echo. Another six vessels are under construction for Dubai’s newly established Polarcus. All of the new buildings are of the unique Ulstein Design X-bow design and are due for delivery from the second half of 2009 through to the end of 2010.
Navig8, meanwhile, has a number of tankers under construction at shipyards in the Far East; two 114,000 dwt product tankers at China’s New Times Shipbuilding, four 75,000 dwt tankers at Korea’s Sungdong Heavy Industries and one 6,800 dwt vessel at China’s Jiangmen Shipyard.
2008년 12월 21일 일요일
NEWS / December 22, 2008
USA want more shipbuilding
U.S. Senator Susan Collins, R-Maine, and U.S. Senator Mary Landrieu, D-La., on Dec 19 wrote President-elect Barack Obama urging his Administration to support robust shipbuilding policies that would support the U.S. Navy, Marine Corps, and Coast Guard and re-energize commercial ship construction in the United States.
The letter, which was cosigned by 18 other senators, points out that while military leaders have documented a minimum national requirement of 313 ships to support America’s Navy and Marine Corps, the Navy’s fleet has declined to 284 ships. In order to attain 313 ships, 12 ships need to be budgeted annually. “Expanding American shipbuilding has the duel benefit of strengthening a critical branch of our national defense while bolstering our strained economy,” Sen. Landrieu said. “Attaining the minimum 313 ships that military leaders advise means we will have a naval fleet that competes with those of our potential adversaries. At a time when American manufacturing jobs are moving overseas, we have an opportunity to create highly-skilled jobs for the American manufacturing workforce here at home. I look forward to working with the Obama Administration to ensure that we support our military by building the necessary ships to protect our homeland and advance security needs abroad.” “With the smallest number of ships in the United States Navy since before World War II, I am deeply concerned by the insufficient size of today’s fleet and that funding for shipbuilding has not been adequate to achieve the 313 ships necessary to meet national security requirements,” Sen. Collins said. “We must maintain the skilled workforce necessary to expand and modernize our naval fleet to counter existing and emerging threats. Building more ships would also boost our economy by creating and preserving thousands of good jobs. As the new Administration prepares its budget, I hope our bipartisan letter will encourage adequate funding for shipbuilding.” In pressing their argument for an increased budget for defense and commercial shipbuilding in the United States, the senators highlighted both the economic and homeland security benefits that would accompany such a policy. An estimated 400,000 people in 47 states are employed by the shipbuilding industry, which consists of six major shipbuilding yards, several smaller ship construction and repair yards, and more than 4,000 major manufacturers of ship components and systems. One such shipyard is Northrop Grumman’s Avondale shipyard on the West Bank in New Orleans, which is the largest manufacturing employer in Louisiana with about 5,000 workers. This fall, Sen. Landrieu secured $933 million in the Continuing Resolution for the next LPD-17 ship to be built at Avondale. The funding is for construction of the 10th ship in the 11-ship program. While the President requested just $1.3 million for the program this year, Sen. Landrieu has pushed for its full funding at $1.7 billion. Without the funding for the LPD-17 program at Avondale, about 1,000 manufacturing jobs would have been at risk. The senators also highlighted the national security benefits to increasing America’s shipbuilding. “While America’s naval fleet is in decline, the navies of potential adversaries are on the rise,” the letter reads. “Russia has made rebuilding its naval power a priority, and the navy of China is expanding rapidly. By 2015 the Chinese Navy is projected to be larger than ours, and Russia has stated its intention to have the second largest Navy in the world by 2022. These countries may be building their naval forces to deny America access to critical regions and to limit America’s influence around the world.
Fincantieri reconsider delivery date
Italy’s Fincantieri revealed, it has recently been requested the late delivery of the cruises by some cruise companies.An official at Fincantieri said that it is mainly due to the jump in raw material prices followed by weakened USD exchange rate. He confirmed that company has already lost a very important super-large cruise order. It has been worrying about not being able to cash the two cruises ordered by Grimaldi Lines.
Orders drop in Japan
Shipyards in Japan, the world's third-largest shipbuilding nation, received 83 percent fewer orders last month as the global financial crisis cut demand for new vessels.The yards received orders for 219,823 compensated gross tons in November, the Japan Ship Exporters Association said today on its Web site. That compares with 1.27 million tons a year earlier. Orders this year have slipped 11 percent to 8.69 million compensated gross tons. The deepening financial crisis has dried up funds and global demand for commodities, prompting owners and operators of vessels to hold back purchases. The Baltic Dry Index, a benchmark of demand for shipping dry goods such as iron ore, has fallen more than 90 percent from a May record. "Enquiries by shipowners for new ships have declined due to the global financial crisis and a slump in the shipping markets," Masamoto Tazaki, chairman of the 20-member Shipbuilders' Association of Japan, said today at a press conference in Tokyo. Members of the group include Mitsubishi Heavy Industries Ltd., Mitsui Engineering & Shipbuilding Co. and closely held Imabari Shipbuilding Co. While contracts have dipped, there have been no reports of order cancellations at Japanese shipyards. The nation's shipbuilders are under no pressure to sign new contracts as they have four years of order backlogs, he said. Compensated gross ton is an industry measure of ship size, the time required and materials used in production. Meanwhile, DryShips Inc., whose ships carry raw commodities, canceled an agreement to buy four Panamax-class vessels for US$400 million and retained the right to purchase the ships by the end of next year. The company will lose US$55 million in deposits for the four vessels, which are owned by entities controlled by DryShips Chief Executive Officer George Economou, according to a statement. The original agreement was made in July. The company also paid US$105 million for the option to buy the ships by the end of next year for US$160 million more, according to the statement. Panamax carriers usually haul 75,000-ton cargoes.
U.S. Senator Susan Collins, R-Maine, and U.S. Senator Mary Landrieu, D-La., on Dec 19 wrote President-elect Barack Obama urging his Administration to support robust shipbuilding policies that would support the U.S. Navy, Marine Corps, and Coast Guard and re-energize commercial ship construction in the United States.
The letter, which was cosigned by 18 other senators, points out that while military leaders have documented a minimum national requirement of 313 ships to support America’s Navy and Marine Corps, the Navy’s fleet has declined to 284 ships. In order to attain 313 ships, 12 ships need to be budgeted annually. “Expanding American shipbuilding has the duel benefit of strengthening a critical branch of our national defense while bolstering our strained economy,” Sen. Landrieu said. “Attaining the minimum 313 ships that military leaders advise means we will have a naval fleet that competes with those of our potential adversaries. At a time when American manufacturing jobs are moving overseas, we have an opportunity to create highly-skilled jobs for the American manufacturing workforce here at home. I look forward to working with the Obama Administration to ensure that we support our military by building the necessary ships to protect our homeland and advance security needs abroad.” “With the smallest number of ships in the United States Navy since before World War II, I am deeply concerned by the insufficient size of today’s fleet and that funding for shipbuilding has not been adequate to achieve the 313 ships necessary to meet national security requirements,” Sen. Collins said. “We must maintain the skilled workforce necessary to expand and modernize our naval fleet to counter existing and emerging threats. Building more ships would also boost our economy by creating and preserving thousands of good jobs. As the new Administration prepares its budget, I hope our bipartisan letter will encourage adequate funding for shipbuilding.” In pressing their argument for an increased budget for defense and commercial shipbuilding in the United States, the senators highlighted both the economic and homeland security benefits that would accompany such a policy. An estimated 400,000 people in 47 states are employed by the shipbuilding industry, which consists of six major shipbuilding yards, several smaller ship construction and repair yards, and more than 4,000 major manufacturers of ship components and systems. One such shipyard is Northrop Grumman’s Avondale shipyard on the West Bank in New Orleans, which is the largest manufacturing employer in Louisiana with about 5,000 workers. This fall, Sen. Landrieu secured $933 million in the Continuing Resolution for the next LPD-17 ship to be built at Avondale. The funding is for construction of the 10th ship in the 11-ship program. While the President requested just $1.3 million for the program this year, Sen. Landrieu has pushed for its full funding at $1.7 billion. Without the funding for the LPD-17 program at Avondale, about 1,000 manufacturing jobs would have been at risk. The senators also highlighted the national security benefits to increasing America’s shipbuilding. “While America’s naval fleet is in decline, the navies of potential adversaries are on the rise,” the letter reads. “Russia has made rebuilding its naval power a priority, and the navy of China is expanding rapidly. By 2015 the Chinese Navy is projected to be larger than ours, and Russia has stated its intention to have the second largest Navy in the world by 2022. These countries may be building their naval forces to deny America access to critical regions and to limit America’s influence around the world.
Fincantieri reconsider delivery date
Italy’s Fincantieri revealed, it has recently been requested the late delivery of the cruises by some cruise companies.An official at Fincantieri said that it is mainly due to the jump in raw material prices followed by weakened USD exchange rate. He confirmed that company has already lost a very important super-large cruise order. It has been worrying about not being able to cash the two cruises ordered by Grimaldi Lines.
Orders drop in Japan
Shipyards in Japan, the world's third-largest shipbuilding nation, received 83 percent fewer orders last month as the global financial crisis cut demand for new vessels.The yards received orders for 219,823 compensated gross tons in November, the Japan Ship Exporters Association said today on its Web site. That compares with 1.27 million tons a year earlier. Orders this year have slipped 11 percent to 8.69 million compensated gross tons. The deepening financial crisis has dried up funds and global demand for commodities, prompting owners and operators of vessels to hold back purchases. The Baltic Dry Index, a benchmark of demand for shipping dry goods such as iron ore, has fallen more than 90 percent from a May record. "Enquiries by shipowners for new ships have declined due to the global financial crisis and a slump in the shipping markets," Masamoto Tazaki, chairman of the 20-member Shipbuilders' Association of Japan, said today at a press conference in Tokyo. Members of the group include Mitsubishi Heavy Industries Ltd., Mitsui Engineering & Shipbuilding Co. and closely held Imabari Shipbuilding Co. While contracts have dipped, there have been no reports of order cancellations at Japanese shipyards. The nation's shipbuilders are under no pressure to sign new contracts as they have four years of order backlogs, he said. Compensated gross ton is an industry measure of ship size, the time required and materials used in production. Meanwhile, DryShips Inc., whose ships carry raw commodities, canceled an agreement to buy four Panamax-class vessels for US$400 million and retained the right to purchase the ships by the end of next year. The company will lose US$55 million in deposits for the four vessels, which are owned by entities controlled by DryShips Chief Executive Officer George Economou, according to a statement. The original agreement was made in July. The company also paid US$105 million for the option to buy the ships by the end of next year for US$160 million more, according to the statement. Panamax carriers usually haul 75,000-ton cargoes.
피드 구독하기:
글 (Atom)
