Thailand’s Shipbuilding Plan to be Discussed

Thursday, January 26, 2006
Thailand’s shipping agencies and the private sector plan to meet by the middle of next month to work out an action plan to develop and promote shipbuilding in Thailand. The Bangkok Post reported that the Industry Ministry had drawn up an action plan, but proposals needed to be substantiated. The National Economic and Social Development Board (NESDB) proposes that the Board of Investment (BoI) promote shipbuilding in Thailand, namely ships between 5,000 tons and 100,000 tons, and grants the industry special status, so it can enjoy the greatest promotional privileges. These include tax breaks of up to eight years and exemption from import duty on machinery. The NESDB also proposes that the government establish a special fund to finance the development of shipbuilding in Thailand, and set up a specific industrial estate for this at Laem Chabang port. According to the NESDB, building ships in the country could generate an income of $169.5 million a year and $14.5 million from the repairs and maintenance, as well as create over 19,200 jobs. Thai ships currently generate about 10% of the industry's total marine transportation value, which stands at about $7.7 billion. The study conducted by the Industry Ministry showed that 60% of the production costs of building a ship would go on importing contents and machinery. (Source: Bangkok Post)
Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Ultra-deepwater Drillship 'Maersk Valiant' Delivered

Maersk Drilling advises that its second new drillship, 'Maersk Valiant', has been delivered from the Samsung Heavy Industries (SHI) shipyard in Geoje-Si, South-Korea.

Miami Tugboat Oil Spill: Coast Guard Respond

The US Coast Guard says that its crewmembers are responding to a fuel spill in the vicinity of Government Cut in Miami, following a leak discovered aboard the 95-foot tugboat 'Neptune'.

Latest Shipbuilding Contracts Include VLCC Order for Philippine Yard

In the latest Clarkson Hellas S&P Weekly Bulletin newbuilding orders are reported in Far East shipyards for a range of vessels as follows: Bulk carriers Clarkson

Shipbuilding

Ultra-deepwater Drillship 'Maersk Valiant' Delivered

Maersk Drilling advises that its second new drillship, 'Maersk Valiant', has been delivered from the Samsung Heavy Industries (SHI) shipyard in Geoje-Si, South-Korea.

Latest Shipbuilding Contracts Include VLCC Order for Philippine Yard

In the latest Clarkson Hellas S&P Weekly Bulletin newbuilding orders are reported in Far East shipyards for a range of vessels as follows: Bulk carriers Clarkson

Tsuneishi to build shipyard in Indonesia -

Philippine shipbuilder Tsuneishi Heavy Industries Inc plans to expand into Indonesia this year, said CEO Hitoshi Kono, adding that the firm plans to build a shipyard here.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Navigation Offshore Oil Pod Propulsion Salvage Ship Electronics Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1381 sec (7 req/sec)