Fujian Mawei Shipbuilding Bags Ocean Tankers Order for Six Vessels
Ocean Tankers, the provider oil tanker shipping and chartering services to oil companies and trading houses, has ordered six handy-sized tankers to be built at the Chinese shipbuilding facility Fujian Mawei Shipbuilding, said a report in Reuters. The report said that the Singapore based tanker company has placed the order for an undisclosed sum as the company renews and expands its fleet and ships are expected to be delivered by 2020. The order is for 23,500-deadweight tonne (dwt) tankers that can carry crude, clean or dirty oil products, to be delivered in stages by the end of the decade.
China Rongsheng Report 2012 Revenue Cut by Half
China Rongsheng Heavy Industries release financial results for the twelve months ended 31, December 2012. In 2012, the Group recorded approximately RMB 7.96 billion in revenue, a year-over-year decrease of 50% from RMB 15.9 billion. Losses attributable to equity holders of the Company were RMB 572.6 million, compared to earnings of RMB 1.7 billion in 2011. Mr. “The sluggish global shipping market continued to reduce new shipbuilding prices and deteriorate payment terms, as global new shipbuilding orders plunged to their lowest level in a decade. "Shipbuilding is the Group’s core business and its major revenue contributor. During the Period, revenue from the shipbuilding segment reached RMB 7.56 billion, representing 95% of revenue.
Growth Forecasted for the China Shipbuilding & Repairing Industry
According to BusinessWire.com, China's shipbuilding industry kept a fast growth in the first three quarters of 2007, and a variety of indicators refreshed the record. The accomplished output of shipbuilding industry amounted to 12.03 million DWT, a rise of 44 percent over the same period last year. Of all, the exported shipping hit 9.77 million DWT, taking 81 percent of accomplished shipbuilding output. In addition, new shipbuilding orders reached 64.34 million DWT, up 120 percent from a year earlier. Of all, the exported shipping arrived at 57.22 DWT, a share of 89 percent in the new shipbuilding orders. The handheld shipbuilding orders were up to 129.35 million DWT, up by 111 percent year-on-year.
S. Korean Yards: Orders Up Significantly
South Korea trailed China in terms of new shipbuilding orders in the first half of this year as local yards were unable to meet cheap prices offered by Chinese rivals, according to a report on www.tradingmarkets.com. The Ministry of Knowledge Economy said local shipbuilders, such as HYUNDAI HEAVY INDUSTRIES CO., SAMSUNG HEAVY INDUSTRIES CO. and DAEWOO SHIPBUILDING & MARINE ENGINEERING CO., clinched 4.62 million compensated gross tons (CGT) in new orders in the January-June period, up 450 per cent from a year earlier. (Source: http://www.tradingmarkets.com)
Q1 Shipbuilding Orders Hit Record High
According to Chosun Ilbo, Korea's new shipbuilding orders during the first quarter of the year amounted to $12bi, a record high. The orders account for 136 ships or a total volume of 4.9 million CGT, or compensated gross tons. The value of orders during the first quarter saw a 34 percent increase on-year. High value-added vessels like liquefied natural gas carriers and gas containers accounted for 37 ships. (Source: Chosun Ilbo)
China Shipbuilding Shows Signs of Recovery
According to an August 18 report from China Knowledge, China's shipbuilding enterprises received new shipbuilding orders totaling 4.1 million dead weight tons in July, accounting for nearly 70% of the world's total, according to statistics released by the China Association of the National Shipbuilding Industry. (Source: China Knowledge)
Yangzijiang Bags Newbuild Orders Worth $133 Mln
China’s Yangzijiang Shipbuilding has won six shipbuilding contracts worth a total of $133m during the second quarter of this year, Business Times reported. Three of these orders for 1,800 TEU (twenty-foot equivalent unit) containerships were exercised from options tied to existing shipbuilding orders. Three others for 82,000-deadweight-tonne bulk carriers were new shipbuilding orders. The new ships are scheduled to be delivered in phases between 2018 to 2020. Yangzijiang Shipbuilding…
China's Shipbuilders Saw Output, Orders, Decline in Q1 2012
New shipbuilding orders fell 48.7 percent year on year to 5.59 million deadweight tonnes (DWT) during the first three months, according to a report released by the National Development and Reform Commission (NDRC), China's top economic planner. Ship owners around the world tend not to expand their fleets when global demand for goods and services remains sluggish. For China's shipbuilders, completed shipbuilding volume also fell 22.5 percent year on year to 11.21 million DWT in the first quarter, with incomplete orders declining 25.3 percent year on year to 141.94 million DWT by the end of March, according to NDRC data. Due to slack external demand…
S. Korea Keeps Top Spot in Shipbuilding Beating China, Japan in Q3
South Korean shipbuilders have ranked first in the world outpacing Chinese and Japanese rivals in terms of new orders in the third quarter of the year, reports Yonhap quoting Clarkson Research Services. South Korean shipyards bagged new orders totaling 2.11 million compensated gross tons (CGTs) last month, trailing Chinese shipbuilders at 3.48 million CGTs and Japanese companies with 2.36 million CGTs. The country retained its status as the world's leading shipbuilding country in terms of new orders between February and June. It was relegated to second place in July and to third in August.
Mitsubishi Plans to Shrink Ship Building Operations
Japan's Mitsubishi Heavy Industries is planning to stop taking new orders for large passenger ships, downsizing its shipbuilding operations due to a slump in orders, the Nikkei newspaper reported on Sunday. The plans by Japan's fourth-largest shipbuilder come as new shipbuilding orders have declined 80 percent so far this year, the Nikkei said. Citing unidentified sources, it said the company was considering splitting off its planning and design division and sharing shipyards with other companies.
New Ship Building Orders for Korean Yards
South Korean shipyards emerged on top for new orders in April, Business Korea reported quoting industry data. The global total amount of new shipbuilding orders reached 750,000 CGT last month and 340,000 CGT and 260,000 CGT went to South Korean and Chinese shipbuilders, respectively. Japanese shipyard orders came to nil. In terms of numbers, Korean shipyards clinched new orders to build 12 ships. South Korea took the largest portion of very large crude oil carrier (VLCC) orders placed in quantity early last month, said the report.
China Hits 18.9m Tons
China reported its shipbuilding tonnage was up 30% to reach 18.93 million tons in 2007, according to a report from China Knowledge. The country exported 14.9 million tons of ships in tonnage to 151 countries and regions, up 25.6% year-on-year, and the export value reached $12.24 billion, surging 51.1%, according to the National Development and Reform Commission (NDRC). China's share in the global shipbuilding market was 23% last year, up 4% over the previous year. During the same time, the country's new shipbuilding orders in tonnage surged 132% to 98.45 million tons, accounting for 42% of the global total. The total orders in tonnage of China were 158.89 million tons at present, accounting for 33% of the global total.
Equipment Manufacturers to Meet Shipbuilders in Nanjing, China
The maritime exhibition CIMPS-Europort 2012 will be held from 23 – 25 May in Nanjing, the capital of the province of Jiangsu. This province is the top shipbuilding region of China. With more than 80 large shipyards, shipbuilding in Jiangsu comprises 35% of the total shipbuilding output in China. No less than 39% of all new shipbuilding orders in China are realised in Jiangsu. The Jiangsu region is increasingly orientated towards advanced technology and 'special purpose ships'. The local supply industry cannot meet the greatly increased demand, so that approximately 70% of all products are imported, which offers opportunities for international maritime suppliers.
Lloyd’s Says Containerships Will See Growth
Despite the current overcapacity of tonnage and disastrous shipping rates, the world containership fleet is expected to continue its rapid growth curve, albeit at a slightly reduced rate, as deliveries are taken from shipyards and new shipbuilding orders start to pick up later this year. That is the conclusion of the Shipbuilding Market Forecast for Container and Roll-On Roll-Off (Ro-Ro) Ships released this month by Lloyd’s Register - Fairplay (LRF) Research. By any measure, the current picture for containership operators is grim, caused by the severe imbalance in supply and demand under the sluggish economic conditions worldwide. Spot rates of as low as $250 to move a container from Hong Kong to Rotterdam are being quoted by some lines. That compares with $1,400 a year ago.
South Korea Tops in Shipbuild Orders
South Korean shipbuilders, led by industry leader Hyundai Heavy Industries Co., have secured the largest amount of new orders in the first six months of the year to retain the top slot, while the global shipbuilding industry saw new orders halve, the data compiled by global researcher Clarkson Research Services showed. The new shipbuilding orders around the globe in the first half of this year amounted to 13.28 million compensated gross tons (CGTs). The figure is about 49.2 percent from 26.99 million CGTs a year ago. In the past year, the global shipbuilding industry saw new orders halve.
Shipbuilding: Yangzijiang bags 13 New Orders
Singapore-listed Chinese shipbuilder Yangzijiang Shipbuilding (Holdings) announced that it had entered into 13 new shipbuilding orders in the fourth quarter of last year, comprising nine effective orders with a total contract value worth of US$388 million and four new options with an aggregate value of US$122 million, says a report in Business Times. These include two units of 10,000 twenty-foot equivalent units (TEU) exercised from existing options and seven new shipbuilding contracts consisting of four units of 36…
Shipbuilder Hyundai Mipo in Profit Freefall
Korean Shipbuilder Hyundai Mipo reports net plunges on falling orders in second quarter of 2012. Hyundai Mipo Dockyard Co.,reports that its second-quarter earnings dropped 76 percent from a year earlier mainly due to a decline in new shipbuilding orders reports Korea Times. Net profit reached 21.6 billion won ($19.1 million) in the April-June period, compared with a profit of 88.5 billion won a year earlier, the company said in a regulatory filing. Sales sank 76 percent on-year to reach 1.09 trillion won over the cited period, and operating income also fell 6.4 percent to 27 billion won, it said. Shares of Hyundai Mipo were trading at 128,500 won on the Seoul bourse as of 11:05 a.m., down 3.75 percent from Thursday's close.
Cosco Singapore Higher on New Shipbuilding Orders
Shares of Cosco Corp. Singapore, a shipping company that owns a shipyard in China, rebounded after announcing it secured an order to build 29 bulk carriers worth $1.34b. The news has provided the stock a much needed shot in the arm as investors have been selling the stock in the last two days on concerns its shareholder, shipyard operator SembCorp Marine Ltd., may sell more shares in the company. SembCorp Marine said it had sold 39 million Cosco shares, taking its holding to 111.4 million shares. The latest orders put Cosco's current order book at $6.4b, $6.2b of which were secured this year, according to Kim Eng Securities. The brokerage believes Cosco could secure another $900m in orders based on existing options with customers.
Korea's Ship Building Orders Dip to 6-Year Low
South Korean shipbuilders' new orders in November fell to the lowest level in six years amid woes over their growing losses, Yonhap reports. Meanwhile, Chinese rivals scooped up a large slice of contracts, according to the data compiled by global researcher Clarkson Research Services. South Korean shipyards bagged new orders totaling 79,834 compensated gross tons (CGTs) last month, the lowest since September 2009. But, Chinese shipbuilders received 1.46 million CGTs worth of new orders last month, which accounted for some 80 percent of the total orders placed around the globe, the data showed.
Korean Shipyards Look Bullish
South Korea's major shipyards are estimated to have racked up solid profit during the second quarter of the year, aided by the increased delivery of ships, cost-cutting measures and a rise in new orders, Yonhap reported citing industry sources. Another report said that Korean yards have clinched the most new shipbuilding orders in the first half of the year, with their combined tally more than doubling from a year earlier. The trend appears bullish for ship building in the country.
S. Korean Shipyards Order Books Empty?
The global slump in the shipbuilding industry means that South Korea's ship yards have to look far and wide for new orders. Combined, the three major yards have only received one order in the first quarter of the year. Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy Industries (SHI) have received zero new shipbuilding orders, according to sources quoted by local media Yonhap. Hyundai Heavy Industries (HHI) is the only one among the three to have landed a KRW150 billion ($130.6 million) order in March to build two petrochemical tankers.
Nine New Orders for South Korean Shipbuilders
While South Korean shipbuilders are continuing to struggle for survival as the recession in the global shipbuilding market drags on, they have clinched new orders to build nine ships in the first four months of the year. Yonhap, quoting industry data, said that the S.Korean shipyards, led by Hyundai Heavy Industries Co., have clinched new orders to build nine ships, accounting for 5 percent of new shipbuilding orders placed around the globe. The country's shipbuilders have racked up 200…
L&T in Talks for Shipbuilding Contract
India’s biggest engineering and construction firm, Larsen and Toubro Ltd, is in talks with a Dutch shipowner for a new building contract valued at more than $100 million according to the Wall Street Journal. New orders: Larsen and Toubro’s employees shift a 20-tonne ship part in the company’s shipbuilding yard in Hajira. L&T is negotiating with a Dutch shipowner for a new shipbuilding order. L&T is currently building eight ships valued at about Rs1,150 crore. These comprise six for RollDock and two from BigLift Shipping BV, also of the Netherlands. L&T launched its shipbuilding venture in May 2006 with an order for building four ships valued at Rs440 crore from the Rotterdam-based shipping firm Zadeko Ship Management CV (now known as RollDock BV).