Vietnam's Ship Export Value to Climb to $1.7b
According to VNA, Vietnam's Ministry of Trade estimates that the shipbuilding industry can earn $1.7b annually from ship exports by 2010. The Vietnam Ship Building Corporation this year received a $750m loan via the issue of government bonds in the international market. Thanks to this capital, the corporation expects to export products worth $500m annually from 2007. To date, it has signed export contracts valued at about $1.5b through 2009. Source: VNA
Japan March ship exports down 34%
Ship export contracts concluded by Japanese shipyards in March fell 33.6% from a year earlier to about 1.37 mgrt, or 33 vessels, the Japan Ship Exporters Association reported. Orders in March consisted of six freighters, 14 bulk carriers and 13 oil tankers. Data show that contracts for bulk carriers declined most sharply falling to 82 from 163 in the year through March 2001.
Japan Ship Exports Up 69%
Ship export contracts concluded by Japanese shipyards in June rose 68.8 percent from a year earlier to about 1.36 million grt, or 27 vessels, the Japan Ship Exporters Association said. Of the 27, three were freighters, 10 were bulk carriers and 14 were oil tankers, the association said. The monthly data cover orders received by association members for steel vessels of at least 500 grt.
Japanese Ship Export Contracts Up
Ship export contracts concluded by Japanese shipyards in December totaled 16 vessels, or 667,650 grt, up 19.1 percent from a year earlier, the JSEA said. The orders consisted of two freighters, 12 bulk carriers and two oil tankers. From April to December, orders totaled 216 vessels, or about 7.72 million grt, an increase of 41.5 percent from a year earlier, the association said.
Japan Ship Exports Up For Month
Ship export contracts concluded by Japanese shipyards in June rose 20.7 percent from a year earlier to 805,440 grt, or 26 vessels. The grt level, however, is down 8.8 percent from June 1998, the Japan Ship Exporters' Association said. The association said orders for June consisted of 12 freighters, 11 bulk carriers and three oil tankers. The statistics cover orders received by association members for steel vessels of 500 GRT or more.
Vinashin Eyes Investments
The Viet Nam Shipbuilding Industry Corporation (Vinashin) will need $2.5b to carry out projects under the strategy on ship exports until 2010. To meet the target of $1b evenue from ship exports in five years, Vinashin plans to invest in building and upgrading infrastructure of 10 large shipyards to make them capable to build 3,000-10,000 ton ships. It also plans to build seven shipyards, six shipbuilding industrial parks and seven shipbuilding industrial complexes in all of Vietnam. Vinashin will increase its investment and business capital through the Shipbuilding Industrial Financial Company. It will set up a financial leasing company, a securities company, an insurance company, and a shipbuilding industrial investment fund to attract domestic and foreign capital sources.
Japan Shipbuilding Contracts Soar
Ship export contracts concluded by Japanese shipyards in December surged 148.2 percent from a year earlier to 1,657,340 grt or 29 vessels, the Japan Ship Exporters' Association said. Orders consisted of 15 oil tankers, 13 bulk carriers and one freighter, it said. The statistics cover orders received by association members for steel vessels of at least 500 grt. For the whole of calendar 2000, ship export contracts rose to 14,561,340 grt or 301 vessels, up 66.7 percent from the previous year, the association said. An official of the industry body attributed the sharp gains for December and for the year to an increase in oil demand, particularly from China, and firming freight rates in line with higher crude oil prices.
Korean Ship Exports to Exceed $22b
Reports said that exports of Korean ships are expected to exceed $22b this year on the back of more sales of high-value-added vessels including liquefied natural gas carriers. The Korean shipbuilders association says domestic shipyards are likely to export $10.7b worth of vessels in the second half in addition to the $11 billion in the first half of the year. The association believes the industry will see a trade surplus of $19 billion this year, accounting for 70 percent of the country's aggregate trade surplus. Source: Arirang News
China Shipbuilding Industry's Woes Uncovered in New Research Report
The shipping market is continuously in depression, and the development of China's shipbuilding industry faces huge challenges, says a new report – 'China's Shipbuilding Industry 2013-17' published by Research & Markets. In a newly-issued market research report, 'Report & Markets' finds that from January to September in 2012, the completion volume of China's shipbuilding was 41.58 million deadweight tons, with a decline of 18.5% YOY. The volume of new ship orders was 15.41 million deadweight tons, with a decline of 46.9% YOY.
Kawasaki Heavy Industry, Chinese Co. To Set Up Shipyard
As Beijing looks to boost ship exports, Japan's Kawasaki Heavy Industry Ltd is likely to join state-run China Ocean Shipping Group to set up a $96.8 million shipyard in east China. The shipyard, a 50-50 joint venture, will design and build vessels of at least 160,000 dwt. There are also reports that South Korea's Samsung Heavy Industries Ltd is expected to set up a wholly-owned shipyard in China.
KHI, China Ocean Shipping To Set Up Shipyard
As Beijing looks to boost ship exports, Japan’s Kawasaki Heavy Industry Ltd. and state-run China Ocean Shipping Group have announced intentions to set up a $96.8 million shipyard in east China. The shipyard, to be located in Nantong in Jiangsu province, would be a 50/50 joint venture and would design and build vessels of at least 160,000 dwt. There was also report last week that South Korea’s Samsung Heavy Industries Ltd. is expected to set up a wholly-owned shipyard in Ningbo in Zhejiang province. It said the second phase of the project would require approval from the State Development Planning Commission but gave no further details. China has been trying to boost exports to spur its sluggish economic growth.
Japan's March Ship Orders Up 23% From Last Year
Ship export contracts concluded by Japanese shipyards in March totaled 20 vessels, or 781,290 grt, an increase of 23.3 percent from a year earlier, an industry body said. A breakdown shows that there were orders for seven freighters, 11 bulk vessels and two oil tankers in March. For fiscal 1999 ended March, Japan received orders for 288 vessels, or 10.97 million grt, up 69.6 percent from the previous year.
China Ship Building Looks Up
88 medium-size and large shipbuilding enterprises in China realized an aggregate gross industrial output value of RMB 163.0 billion ($26.3 billion) during the January-May period this year, up 5.5 percent year on year, says China Association of the National Shipbuilding Industry (CANSI). The aggregate shipbuilding output in China amounted to 15.48 million deadweight tons (dwt), up 18.9 percent year on year. In the given period, the shipbuilding enterprises recorded an aggregate export value of RMB 68.0 billion ($10.97 billion), up 3.7 percent year on year.
China Ranked 3rd with 12 Million DWT in 2005
China’s shipbuilding capacities have reached 12 million dead weight tonnages (DWT) in 2005, up 36 percent year-on-year, to be ranked third largest worldwide, according to the Commission of Science Technology and Industry for National Defense, as reported by www.chinaknowledge.com. The commission said China received record high shipbuilding orders of 15 million DWT last year. The sales revenue of all the country’s shipbuilding companies reached a total of about $12 billion with an industry profit of more than $371.6 million and a ship export value of more than $4 billion. China State Shipbuilding Corporation and China Shipbuilding Industry Corp., one of the country’s biggest conglomerates in the industry, built 5 million and 3 million DWT of ships respectively in 2005.
Korea's Shipbuilding Industry Update
According to English.chosun.com, Korea's southern island Geoje has a 400-hectare plot where 26,000 shipbuilders are hard at work. The shipyard owned by Daewoo Shipbuilding and Marine Engineering places among the top five along with Hyundai Heavy Industries and Samsung Heavy Industries. Korea's shipbuilding industry, keeps on growing. This year's ship exports are expected to exceed US$30 billion, up 13 percent from last year. Of the world's total back orders for ships, as measured in compensated gross tons, Korea holds 36 percent. That's enough projects to keep Korea's shipbuilding industry afloat for four years without taking another order.
China’s Shipbuilding Capacities Reached 12 Million DWT
Reports indicate that China’s shipbuilding capacities have reached 12 million dead weight tonnages (DWT) in 2005, up 36% year-on-year, to be ranked third largest worldwide, according to the Commission of Science Technology and Industry for National Defense, as reported on the official website of Chinese Academy of International Trade and Economic Cooperation. The commission said China received record high shipbuilding orders of 15 million DWT last year. The sales revenue of all the country’s shipbuilding companies reached a total of RMB 100 billion with an industry profit of more than RMB 3 billion and a ship export value of more than $4 billion. Source: China Knowledge Press
Bill Promotes US LNG Vessel Transport
Congressman John Garamendi (D-CA-03), Ranking Member of the House Transportation and Infrastructure’s Coast Guard and Maritime Transportation Subcommittee, introduced H.R. 5270, the Growing American Shipping Act, which aims to modernize U.S. LNG shipping export laws and strengthen the maritime industry. The Subcommittee’s Chairman, Congressman Duncan Hunter (R-CA-50), joined the legislation as an original cosponsor. Existing law, written before the natural gas boom when it was thought America would be a liquefied natural gas (LNG) importer, authorizes the Secretary of Transportation to develop and implement a program to promote the transportation of imported LNG on U.S.-flag vessels.
Vietnam Shipyard Builds Tanker for PetroVietnam
An affiliate of Vietnam shipbuilding giant Vinashin started work on the first of three 105,000 oil tankers under a contract last July with the state-run oil giant PetroVietnam. The $56m freighter to be 245m-long, 43m-wide and 20m-height will be built by Dung Quat Shipbuilding Industry Company and have state-of-the-art equipment satisfying latest international maritime conventions. The first will be handed over by the March of 2008, and the second and third by 2009 before the Dung Quat Oil Refinery goes on stream in 2009 – the first of its kind in the country which is now under construction in the central Quang Ngai Province. The company inked a $400…
Shipbuilder to Invest $40m in Central Facilities
Vinashin will invest $40m into building ten facilities to support the Dung Quat Shipbuilding Industrial Plant in central Vietnam. Construction of the factories is scheduled to begin this quarter in the Dung Quat Economic Zone of Quang Ngai Province. Under the plan, the new facilities will focus on manufacturing engines, pumping equipment, boilers and lifting equipment. Each plant will cost between $3.7m and $4.3m Vinashin has also recently opened a new subsidiary, Vinashin Offshore Industries in Hanoi. The new entity will focus on manufacturing floating storage and off-loading (FSO) units, moorings, oil drilling vessels and other industrial equipment.
GL Contracts 60th Ship with Chinese Yard
A 19,800 dwt stainless steel chemical tanker vessel is the 60th ship being built with Germanischer Lloyd class at Qingshan Shipyard. The 10th anniversary of close cooperation between Qingshan Shipyard and Germanischer Lloyd is being celebrated on August 3 with a ceremony attended by more than 100 guests. Participants include the President of Chang Jiang Shipping Group Liu Xihan, the Vice Governor of Hubei Province Li Chunming, the Vice Mayor of Wuhan City Yue Yong and other representatives of local government and authorities. 27 vessels have been delivered since 1996, 33 ships are under construction and on order. In total, more than 750,000 dwt have been constructed with GL class at Qingshan Shipyard. Qingshan Shipyard has 3,800 employees and is located at the Yangzi River in Wuhan.
Southeast Asian Shipbuilders Turn Bullish
Despite the issues surrounding over-tonnaging in the ship-building industry as a result of the 2008 financial crisis, more than 587 vessels are expected to be built in Southeast Asia in 2015. According to a report by Robert Willmington of IHS Maritime, Southeast Asian shipbuilding is anticipated to rise to more than 4.8 million gross tonnage (GT) in 2015. The countries that currently dominate the conventional market segments in the Asian shipbuilding and repair industry are Japan, China and Korea, and around 37% of South East Asian shipbuilding orders account for container ships.
Shipbuilder Plans $94m Facelift for Central Port
The Vietnam National Shipbuilding Corp. will reportedly turn Cua Viet into a 300-400 ha port complex with a shipyard, ecotourism facilities, a golf course, and a wharf to accommodate 100,000-ton ships, according to a report on www.thanhniennews.com. The province has reportedly spent $1.74m on the port since 1993 but it has been plagued by amassing sand deposits. The people’s committee then decided to hand over the port to Vinashin hoping it would be able to develop Cua Viet and ultimately generate economic growth for the province. Established in 1996 Vinashin and its 20 subsidiaries have targeted turning Vietnam into the world’s 11th largest shipbuilder, four spots up the table, in the near future. They aim to earn revenues of $1 billion this year.
Vinashin and Songsan to Produce Steel
Vinashin has joined forces with Korea’s Songsan Company to form a joint venture to produce steel structures for shipbuilding. The Songsan-Vinashin JV will invest $35m to build a factory in the northern Hai Duong Province. The steel mill is set to come on stream in the second quarter of 2008. The mill is designed to produce steel structures for shipbuilding yards including Vinashin, replacing imported products in the national industry. The ship maker wants 60 percent of its steel to be sourced locally by 2010 from the current 30-40 percent. Vinashin Group said it needs $2.5b to carry out projects under the strategy of $1b in ship exports to 2010.