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 Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Environmental Awards Recognize 84 Foss Vessels

With a combined 840 years without an environmental incident, 84 Foss Maritime and subsidiary companies' tugs and tank barges have been recognized by a major maritime

Rates Increase Boosts Diana Containerships Q3 Income

Diana Containerships Inc. reported net income of $1.4 million for the third quarter of 2014, compared to a net loss of $0.7 million for the respective period of 2013.

Belgian Port Workers Strike

Port workers in Belgium began a 24-hour strike today, November 24, which will end at midnight, Inchcape Shipping Services (ISS) reported. It is anticipated that

Contracts

Egypt Eyes Suez Container Port Renegotiation

Egypt is trying to renegotiate an extension of an agreement worth $1.5 billion with Suez Canal Container Terminal which has a concession to run a port near the entrance to the canal,

Maersk Drilling gets Extension for Jack-Up

Maersk Drilling, is a unit in shipping and oil conglomerate A.P. Moller-Maersk. Hess has exercised the four one-well options included in the current contract for the jack-up rig Maersk Resolute.

BHP Billiton Focus on Operation & Productivity

* BHP Billiton is now targeting US$4 billion of annualised productivity gains in its core portfolio by the end of the 2017 financial year, a US$500 million increase on previous guidance.

Shipbuilding

Fincantieri Sign MoUs with Carnival & CSSC

Fincantieri, the world leader in the construction of cruise ships, has signed two memorandums of understanding, respectively with Carnival Corporation, the world’s largest cruise line,

MHI Receives "Best IR Award"

Mitsubishi Heavy Industries, Ltd. (MHI) has received one of this year's "Best IR Awards" presented annually by the Japan Investor Relations Association (JIRA).

Steven Palazzo Visits HII, Newport

Huntington Ingalls Industries today hosted Rep. Steven Palazzo, R-Miss., for a tour of the company's Newport News Shipbuilding division. Palazzo represents the fourth district of Mississippi,

Navy

China Defies U.S. Plea for Restraint in South China Sea

China on Monday hit back at "irresponsible remarks" from the United States which has called on Beijing to stop a land reclamation project in the disputed South

HMAS Success Deploys to Middle East

After months of preparation, HMAS Success departed Garden Island in Sydney today for a six-month deployment to the Middle East Region to provide logistic support

USS Oscar Austin Deploys to 6th fleet

Arleigh Burke-class guided-missile destroyer USS Oscar Austin (DDG 79) departed Naval Station Norfolk Nov. 21 for a deployment to the U.S. 6th Fleet area of responsibility (AOR).

Finance

Rates Increase Boosts Diana Containerships Q3 Income

Diana Containerships Inc. reported net income of $1.4 million for the third quarter of 2014, compared to a net loss of $0.7 million for the respective period of 2013.

EU Backs Nantes St-Nazaire and Vigo Transport Link

The EU's TEN-T Program will back the upgrade of the existing sea line between Nantes St-Nazaire, France and Vigo, Spain with over €3.5 million to ensure reliable

Egypt Eyes Suez Container Port Renegotiation

Egypt is trying to renegotiate an extension of an agreement worth $1.5 billion with Suez Canal Container Terminal which has a concession to run a port near the entrance to the canal,

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.2363 sec (4 req/sec)