An Organisation for Cooperation & Economic Development working party considers shipbuilding market distorting factors This special session of the WP6 held on 21, June 2012, was intended to take a fresh look at market distorting factors, so that future efforts can be directed towards those that are the most important, and which would benefit most from further attention by the Working Party. The discussions at this special session will be taken into account during the review of the WP6 mandate before its expiration at the end of 2013, as well as the consideration of its future Programme of Work. The Programme of the special session was as follows: PART A. CURRENT STATUS OF THE SHIPBUILDING INDUSTRY AND ITS SUSCEPTIBILITY TO DISTORTION PART B. DO GOVERNMENT SUPPORT MEASURES DISTORT THE SHIPBUILDING INDUSTRY? PART C. INDUSTRY ANTI-COMPETITIVE PRACTICES – DO THEY EXIST IN SHIPBUILDING? • Shipyard Economics “Presentation on Market Distortions Report ” • European Union " Extended Intervention on market distortions" • SEA Europe, Ships & Maritime Equipment Association “Market and Policy Developments in Shipbuilding ”
Hyundai Heavy Industries (HHI) has developed and obtained an international patent for a new inundation method used in the tandem shipbuilding process. With traditional methods, a vessel that was under construction would float on the water whenever the dry dock was flooded to launch a completed ship. The new method holds the incomplete ship in place, allowing the company to continue work on the ship whether the dry dock is flooded or dry, reducing construction time.
The four major shipbuilding bases in Shanghai manufactured 71 ships in 2005 with a total value of about $2.1 billion, up 15.4% year-on-year, China Knowledge reported. The shipbuilding capacities of the four major bases exceeded 4.3 million dead weight tonnages (DWT) in 2005, an increase of more than 1.2 million DWT over 2004. The four bases are Hudong-Zhonghua Shipbuilding (Group) Co. Ltd, Jiangnan Shipyard (Group) Co. Ltd., Shanghai Waigaoqiao Shipbuilding Co
The first phase of the Jiangnan Changxing Shipbuilding Base has been finished and is already in operation on Changxing Island, Shanghai. Built by the China State Shipbuilding Corporation (CSSC), it has three production lines and four boatyards capable of holding 300,000-ton ships. Almost unparalleled in the world, it is the biggest shipbuilding project ever to be undertaken in China. Shanghai has the potential to be the world's largest shipbuilding base.
Far Eastern Center for Shipbuilding and Shiprepairing is being created in Primorye. The Primorsky Territory Administration hosted a meeting dedicated to this new center. RF President Aide Alexander Burutin and Primorye Vice-Governor Pavel Popov took part in the meeting dedicated to creation of OJSC, which was held in the Primorsky Territory Administration. As the Administration reports, this open joint-stock company (OJSC) will be a sub-holding within the United Shipbuilding
— Public meeting on the investment environment of the Hanjiang Shipbuilding (and Heavy Industry) Industrial Park and Sinopacific Shipbuilding Affiliated Industrial Base is held in Yangzhou Yangzhou, April 26, 2011 —— A public meeting on the investment environment of the Hanjiang Shipbuilding (and Heavy Industry) Industrial Park and Sinopacific Shipbuilding Affiliated Industrial Base was held in Yangzhou today
Daewoo Shipbuilding & Marine Engineering Co Ltd will enter the shipping business by forming a joint venture company with Nigerian National Petroleum Co, Daewoo Shipbuilding said. The joint venture, tentatively named Nigeria Daewoo Shipping Ltd, will have a capital base of 10 mln usd, with Daewoo Shipbuilding owning 51 pct and Nigerian National Petroleum the rest, Daewoo Shipbuilding said. Daewoo Shipbuilding will be in charge of the management and Nigerian National Petroleum will supply
The European shipbuilding industry is in need of highly skilled people, a recent study by Koers & Vaart for CESA and EMF revealed. The report said an annual need for technical employees in the EU shipbuilding industry over the next 5 years of 11,000 people, which is 11 percent of the present EU shipbuilding technical workforce. Retirements taken into account the EU shipbuilding workforce has to grow by 10% per year in the next five years.
According to a report from the VietnamNet Bridge, Deputy Prime Minister Nguyen Sinh Hung said a new Vietnam Shipbuilding Industry Group, Vinashin, will be unveiled this month or early November. The new shipbuilding group will focus on its core business, which are shipbuilding and repairing; supporting industries for shipbuilding; and providing training courses in the field. (Source: VietnamNet Bridge)
According to a report from Ebeling Heffernan, China Shipbuilding Industry Co. (CSIC), the country’s northern shipbuilding giant, said its net profit last year rose 7.28% to about $246b. Due to a recovery in the Global shipbuilding market and a rise in orders, shipbuilding business has increased business 38.17% from the same period last year, it said. (SourceL Ebeling Heffernan)
Taiwanese shipping company Evergreen is ordering ten 2,800 TEU container ships from Japanese shipbuilder Imabari Shipbuilding Co.,Ltd and compatriot CSBC Corporation. The deal between the companies is to buy 10 new 2800 TEU container vessels. The Contract value is $390mln.
Seaspan hosted a groundbreaking ceremony today to announce it has officially started construction on a new head office in North Vancouver. The 7,800 square metre (84,000 square foot) corporate headquarters, scheduled for completion in late 2017
The Sustainable Shipping Initiative (SSI) is stepping up pressure on the shipping industry ahead of the COP21 Climate Change Conference in Paris, says The Chamber of Shipping of British Columbia. SSI want the IMO to support the UNFCCC global CO2 reduction targets on the basis that
Marintec China exhibition has grown by 14% since its last edition to cover 80,000 sq m with over 2,000 exhibiting companies from 34 countries defying the talk of a slowdown in China and its hard-hit shipyards. The two years since the last Marintec China event have not
Saudi Aramco, the world’s leading integrated energy and chemicals company, and Hyundai Heavy Industries (HHI) Group signed a general memorandum of understanding (MoU) to jointly collaborate on business development opportunities in the Kingdom of Saudi Arabia.
Processing of steel for Hull's 476, 477, 478 and 479 started on sheet-cutting machine in Shipbuilding Industry Split on 12 November 2015. It is the Multipurpose Container vessels contracted for the company Brodosplit Navigation Ltd. Ships will be 184.43 meters long, 27.5 meters wide and 15
Huntington Ingalls Industries' Shipbuilding division christened the U.S. Coast Guard Nationacompany’s sixth l Security Cutter (NSC), Munro (WMSL 755), in front of nearly 600 guests. Julie Sheehan, the great niece of the ship’s namesake
The South Korean shipyard STX Offshore & Shipbuilding is apparently close to a bankruptcy if not yard soon find new vendors who are willing to pump huge sums into the yard. Otherwise, there is the prospect of a collapse in the first half of the 2016th.
Eastern Shipbuilding Group launched M/V Harvey Sub-Sea (Hull 249) for Harvey Gulf International Marine, Inc. M/V Harvey Sub-Sea is a first of two (2) 340 ft. Class Multi-Purpose Service Vessels (MPSV), designed by VARD Marine. M/V Harvey Sub-Sea will feature a 250MT AHC Knuckle Boom Offshore Crane
Chesapeake Shipbuilding Corp. signed another contract with Vane Brothers of Baltimore to build three more ocean going tugs. This new contract marks the 15, 16 and 17th tugboats built for Vane Brothers by Chesapeake Shipbuilding since 2008. Construction on the first new tug has already begun in one
Tanker shipper Ardmore takes delivery of 23rd and 24th vessels, completing its initial newbuilding program Ardmore Shipping Corporation has taken delivery of two product and chemical tanker newbuildings, the Ardmore Chippewa and Ardmore Seahawk
Last month Mike Petters, president and CEO of Huntington Ingalls Industries (NYSE:HII), was honored by the Coast Guard Foundation at the 35th Annual Salute to the United States Coast Guard, held in New York City. Maritime Reporter & Engineering News recently caught up with Petters – the
MacGregor, part of Cargotec, announced it has secured orders for a series of Pusnes deck machinery packages for several shipowners. The Pusnes equipment has been specified for different ship types that are going to be built by the Hyundai Group and Sungdong Shipbuilding & Marine Engineering
SSI has hired CAD/CAM specialist Robert Holder as part of its sales force in the U.S. market. According to SSI, the hiring is intended to meet the expanding demand for SSI's design and manufacturing solutions in the shipbuilding and offshore industries.
Official announcements related to naval shipbuilding give the appearance of a Russian Navy that is undergoing a rapid revival. However, the reality is that many projects have faced lengthy delays and cost overruns, says a report in Center for International Maritime Security.