ASSONAVE: Shipbuilding Trending Upward

By George Backwell
Wednesday, May 14, 2014
A Fincantieri shipyard: Photo courtesy of the shipbuilders

The Annual Meeting of ASSONAVE, the association of Italian shipbuilders, ship-repairers and producers of marine components and systems took place in Rome recently, chaired by its President, Vincenzo Petrone. Main points as follows:

The Association explains that this was the first meeting to take place after it expanded its membership to include major companies such as Elettronica, Oto Melara, RINA Services, Selex ES and WASS – all operating in high- technology sectors – and welcomed the Federazione del Mare, representing the Italian maritime cluster, as member of its Executive Committee.

A report received by the meeting paints a picture of an increasingly global shipbuilding sector still undergoing a period of transition: demand for new ships more than doubled in 2012 (over 50 million cgt (Compensated Gross Tons) vs 24.7 million in the previous year), but imbalances between demand and productive capacity were reported to remain.

The cruise ship sector continues to thrive, with 9 cruise ship contracts finalized in 2013, six by Fincantieri, which has thus strengthened its presence in the luxury and ultra-luxury ship sector.

In the cruise ship and ferry industries investment decisions are still driven by realism and caution, but the twin needs of optimizing the energy efficiency of fleets and of complying with new environmental regulations sets the stage for increasing demand for a new generation of “green” ships, with low emissions and energy consumption.

In this scenario, the hoped-for greening of the fleet operating in European short sea shipping may be encouraged by the planned development of a network for the distribution of liquefied natural gas

Positive developments were reported in the offshore sector due to Fincantieri’s purchase of STX OSV,(renamed VARD), a leading company in the construction of support vessels for the oil and gas sector.

Naval market

The military naval market too picked up compared to previous years, although the accessible market portion (only 20 % of the total) increasingly comprises requests for technology transfers and assistance for the in loco building of ships. Therefore, funding for the seventh and eighth units of the programme for FREMM-class frigates and especially the appropriation of funds as set out by the Stability Law for the renewal of part of the surface fleet were particularly welcome.

In the context described above, Fincantieri and other shipbuilders associated with ANCANAP were able to take advantage of the increase in demand, with new orders for a total of over 500,000 cgt (€ 2.2 billion) in 2013 vs 170,000 Cgt (€ 800 million) in the previous year.

Source: ASSONAVE

 

 

 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

ABS’ Wiernicki Addresses SUNY Maritime Grads

ABS Chairman, President and CEO Christopher J. Wiernicki addresses SUNY Maritime College graduates, awarded honorary Doctor of Science   Christopher J. Wiernicki,

Moody's Dings Hurtigruten's Outlook Due to Newbuilds

Moody's Investors Service, (Moody's) issued a press release affirming the B2 corporate family rating (CFR), B2-PD probability of default rating, and the B2 senior

ShipDC Launches with New Leader at the Helm

Ship Data Center Co., Ltd., a wholly owned subsidiary set up by ClassNK, has officially commenced operations of its big data center, ShipDC, from April 2016. Taking

Contracts

Ships Idled as Greeks Strike Again

Policy reforms required to meet bailout terms; parliament expected to measures on May 8. Greeks started a 48-hour nationwide strike on Friday in anger at tax

Evergreen Holding Group May Miss Bond Payment

Evergreen Holding Group, an unlisted company that specialises in building boats, issued a warning on Friday that it may have trouble making coupon and interest payments on a bond maturing on May 15.

Norwegian Cruise Line, EMC Ink Internet Deal

EMC has entered a long-term strategic agreement with Norwegian Cruise Line Holdings to deliver a faster Internet experience and premium entertainment over satellite

Shipbuilding

Crewboat Built with Italian Flair

Newly built Crewboat represents excellence in Italian design, quality in construction   There is something about Italian products, from consumer goods to industrial objects,

New Pilot Boat Delivered to Sabine Pilots

Sabine Pilots in Port Arthur, Texas has received a new all-aluminum pilot boat, Port Arthur.   With a deep-V hull designed by C. Raymond Hunt Associates, the

Interview: 50 Years in the Polymer Repair Market

With 50 years dedicated to polymer coating and composite manufacturer Belzona, Geoff Binks looks back on his experience in the industry and maintenance sector.   Geoff

Navy

This Day In Naval History: May 6

1860 - The sloop-of-war Portsmouth, commanded by John Calhoun, captures the slaver brig Falmouth off Porto Praya. 1908 - The Great White Fleet anchors in San Francisco Bay, Calif.

From Whales to Silver Foxes to Refugees: EMILY Robot is A Lifesaver

She’s tough—capable of punching through 30-foot waves and riptides or smashing into rocks and reefs. But she’s also tender, providing hope to those in peril.   Meet

China: S.China Sea Criticism Could Have Ramifications

International criticism of China over the disputed South China Sea will rebound like a coiled spring, a Chinese diplomat said on Friday, as a U.S. warship visited

Finance

Moody's Dings Hurtigruten's Outlook Due to Newbuilds

Moody's Investors Service, (Moody's) issued a press release affirming the B2 corporate family rating (CFR), B2-PD probability of default rating, and the B2 senior

NOL Posts Q1 Net Loss of $105 Mln

NOL Group reported a first quarter 2016 net loss after tax of $105 million. Core EBIT (Earnings before Interest, Taxes and Non-Recurring Items) for the period was a loss of $84 million,

US Aims to Recover El Faro VDR in Next Few Months

The U.S. National Transportation Safety Board hopes to recover the voyage data recorder from the cargo ship El Faro, which sank during a hurricane killing all 33 crew on board,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Offshore Oil Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction 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: 0.3183 sec (3 req/sec)