LR Issues Guide to Shipbuilding in South Asia

Marinelink.com
Wednesday, June 19, 2013

As shipbuilding nations in South Asia mature, Lloyd's Register's new guide provides an overview of over 80 shipyards and 18 ship designers in Bangladesh, India, Indonesia, Malaysia, the Philippines, Singapore, Sri Lanka, Thailand and Vietnam.


Lloyd’s Register has issued the first Guide to New Construction in South Asia. The Guide provides an overview of the shipbuilding and ship design industry in the area. With shipbuilding in South Asia growing – in numbers of ships, in capacity and in capability, this Lloyd’s Register guide provides factual information from across the countries.


The future is looking extremely bright for shipping and shipbuilding in the South Asia area. Maritime trade looks set to grow, demand for energy infrastructure is highly likely to grow and local naval power and ambition is also set to grow. Global Marine Trends 2030, the Lloyd’s Register report released in April, identified the growing importance of Asian economic growth and significance in shipbuilding and shipping. The South Asia area was identified in the report as having very high potential for growth and shipbuilding in the area is forecast to grow and it is highly likely to continue and to strengthen if economic growth continues at anticipated levels.


The area now boasts an increasing number of world class shipbuilding centres including joint ventures combining the design and management of Korean or Japanese industry heavyweights with local workforces in Indonesia, Vietnam and the Philippines. This model has been so successful that yards such as Hanjin Subic Shipyard, employing more than 18,000 workers, have propelled the Philippines to a position as the world’s fourth largest shipbuilder.


In addition to joint ventures with international shipbuilders, the South Asia area has also seen significant growth in the number of public and private sector shipbuilding enterprises. This is especially so in India with the Indian government’s plan is to expand its global shipbuilding market share from 1% to 5% by 2020. This plan has already seen investment and expansion in both naval and commercial yards. A recent newbuilding first was the delivery of the first Panamax bulk carrier to be constructed in India – at Pipavav, from their 2 million square foot yard in Gujarat, on India’s west coast.  


Increasingly, shipowners are seeing the area as an attractive newbuilding option for current and future projects. Capability previously exclusively directed at local demand in countries like Indonesia and Vietnam, is now at a level that is becoming competitive with the quality, facilities and construction times of the world’s leading yards.


South Asian yards are looking to compete on a global stage, whether building VLCCs and bulk carriers or smaller ships – such as technically challenging naval ships, offshore supply vessels, specialised tugs and aluminium supply craft.


Mark Darley, South Asia Area Manager, Lloyd’s Register, said: "We are well placed to support the South Asia area and its development. Lloyd’s Register has produced this guide for the industry and investors as we continue to work and build our co-operation and mutual support with local and international owners, with the shipyards in South Asia and with suppliers and designers."


"Lloyd’s Register employs over 100 exclusive surveyors including local and expatriate technical staff in the South Asian countries. These experts are supported by a team of experienced technical performance, business development and support staff. We have over 20 offices across South Asia including site offices in many of the major shipyards where Lloyd's Register classed ships are under construction."


"Development in South Asia looks set to continue. Understanding the capabilities, facilities and experience of the area's yards and designers is vital in making informed choices in any newbuilding projects. Whatever the pace or direction of development, Lloyd's Register's commitment to South Asia shipbuilding will continue. We hope you find this guide useful and we remain on standby to receive your South Asia enquiries."

 

Maritime Today


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

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

Shipbuilding

Crowley Christens 2nd LNG-ready Product Tanker

Crowley christens second of four newly built, LNG-ready product tankers for use in U.S. coastwise trade   Crowley Maritime Corp. has christened the second of

VT Halter Delivers ATB Tug to Bouchard

VT Halter Marine, Inc. announced the delivery of the M/V Morton S. Bouchard Jr., the first of the two 6,000 horsepower Twin Screw Articulated Tug Barge (ATB) tugs to Bouchard Transportation Co.

Damen Builds Cable Installer For Maersk Supply Service

New Damen-built vessel for Maersk Supply Service to undertake long-term charter with DeepOcean   A newbuild DP2 cable installation vessel, Maersk Connector, was

Bulk Carrier Trends

Globus Maritime Reclassifies Board Member

Globus Maritime Limited, a dry bulk shipping company, announced today that when Georgios Karageorgiou, a Class I director of Globus Maritime Limited  resigned on December 28,

Baltic Index Records New Low

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, registered a new all-time low for the ninth straight

Dry-Bulk Shipping: Hitting the Bottom

Dry bulk shipping companies being hit the hardest on account of the deteriorating business climate are likely to be swept by a new wave of bankruptcies, reports Nikkei.

Workboats

VT Halter Delivers ATB Tug to Bouchard

VT Halter Marine, Inc. announced the delivery of the M/V Morton S. Bouchard Jr., the first of the two 6,000 horsepower Twin Screw Articulated Tug Barge (ATB) tugs to Bouchard Transportation Co.

Damen Builds Cable Installer For Maersk Supply Service

New Damen-built vessel for Maersk Supply Service to undertake long-term charter with DeepOcean   A newbuild DP2 cable installation vessel, Maersk Connector, was

Corima Acquires Damen ASD 2810 Tug

On 20 January 2016, Corima, part of the Italy-based Gesmar Group, held an official handover ceremony for a Damen ASD 2810 tug. The festivities were attended by

Naval Architecture

VT Halter Delivers ATB Tug to Bouchard

VT Halter Marine, Inc. announced the delivery of the M/V Morton S. Bouchard Jr., the first of the two 6,000 horsepower Twin Screw Articulated Tug Barge (ATB) tugs to Bouchard Transportation Co.

Seafarers help Sought to Improve Onboard Design

The Nautical Institute and CIRM (the principal international association for marine electronics companies) today launched a joint initiative to improve the usability

Campaign for Webb at $28 Mln and Counting

Webb Institute’s Campaign Cabinet, led by President Keith Michel ’73 and Campaign Chair Joseph Cuneo ’57 announced that $28 million (70 percent) of the $40 million

Vessels

Globus Maritime Reclassifies Board Member

Globus Maritime Limited, a dry bulk shipping company, announced today that when Georgios Karageorgiou, a Class I director of Globus Maritime Limited  resigned on December 28,

Antietam, McCampbell Build Relationships at IFR 2016

Ticonderoga-class guided-missile cruiser USS Antietam (CG 54) and Arleigh Burke-class guided-missile destroyer USS McCampbell (DDG 85) arrived Feb. 4 in India

Cosco Merger May Change Industry Dynamics

The merger between China Shipping group and the Cosco Group has given rise to a mammoth company that could trigger stability and extended consolidation in the global shipping industry,

 
 
Maritime Contracts Maritime Security Naval Architecture Navigation Pipelines Pod Propulsion Salvage Ship Repair Ship Simulators 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: 0.0963 sec (10 req/sec)