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

Shipbuilding

NSRP Awards $11m for R&D Project Portfolio

The Executive Control Board of the National Shipbuilding Research Program (NSRP) has selected a new round of research and development projects for award, as part

EXMAR Orders Second FLNG from Wison

EXMAR NV has placed an order for a second Floating LNG Liquefaction Unit (FLNG) at Wison Offshore & Marine. Under the agreement, Wison will be responsible for the turnkey engineering,

Wärtsilä to Power LNG-fuelled RoPax Ferry

A new passenger ferry being built for Swedish operator Rederi AB Gotland will be fuelled by liquefied natural gas (LNG) and will feature a Wärtsilä integrated solution.

Bulk Carrier Trends

Marseille Fos Unveils Multimillion Growth Strategy

The Marseille Fos port authority has set out a vision for growth over the four years to 2018 in a strategic plan that puts developments costing $560 million at

US Fleet to Pump $75m into Great Lakes Shipyards

U.S.-flag Great Lakes vessel operators plan to spend $75 million this winter to ready the fleet for the 2015 shipping season, the Lake Carriers’ Association (LCA) reported.

Last Saltie Departs Duluth; Lakers Make Final Push

Duluth-Superior’s international shipping season winds to a close as last saltie departs; Great Lakes freighters make final push to mid-January   This weekend

Workboats

Maritime Reporter @ 75: The Daily Cartoon

Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry,

MARAD Publishes US ATB, ITB Database

The U.S. Maritime Administration (MARAD) released what it is calling a first-of-its-kind public database that chronicles U.S.-flagged, privately owned domestic

New Chinese Shipyard Launches First Ship

The new shipyard facility of Honghua Offshore Oil & Gas Equipment Company in Jiangsu, China, has launched its first ship, an IMT982 Platform Supply Vessel. The vessel,

Vessels

Contract Awarded for US Aircraft Carrier Dismantling

The U.S. Navy awarded a contract, Dec. 22, for the towing and dismantling of the decommissioned aircraft carrier Ranger (CV 61) to International Shipbreaking, Ltd.

Wärtsilä to Power LNG-fuelled RoPax Ferry

A new passenger ferry being built for Swedish operator Rederi AB Gotland will be fuelled by liquefied natural gas (LNG) and will feature a Wärtsilä integrated solution.

Young Endeavour Sets Sail on World Voyage

The Royal Australian Navy operated Sail Training Ship Young Endeavour set sail from Sydney today for a 12-month voyage, circumnavigating the globe. Parliamentary

 
 
Maritime Contracts Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar 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: 0.1930 sec (5 req/sec)