An Organisation for Cooperation & Economic Development working party considers shipbuilding market distorting factors This special session of the WP6 held on 21, June 2012, was intended to take a fresh look at market distorting factors, so that future efforts can be directed towards those that are the most important, and which would benefit most from further attention by the Working Party. The discussions at this special session will be taken into account during the review of the WP6 mandate before its expiration at the end of 2013, as well as the consideration of its future Programme of Work. The Programme of the special session was as follows: PART A. CURRENT STATUS OF THE SHIPBUILDING INDUSTRY AND ITS SUSCEPTIBILITY TO DISTORTION PART B. DO GOVERNMENT SUPPORT MEASURES DISTORT THE SHIPBUILDING INDUSTRY? PART C. INDUSTRY ANTI-COMPETITIVE PRACTICES – DO THEY EXIST IN SHIPBUILDING? • Shipyard Economics “Presentation on Market Distortions Report ” • European Union " Extended Intervention on market distortions" • SEA Europe, Ships & Maritime Equipment Association “Market and Policy Developments in Shipbuilding ”
Hyundai Heavy Industries (HHI) has developed and obtained an international patent for a new inundation method used in the tandem shipbuilding process. With traditional methods, a vessel that was under construction would float on the water whenever the dry dock was flooded to launch a completed ship. The new method holds the incomplete ship in place, allowing the company to continue work on the ship whether the dry dock is flooded or dry, reducing construction time.
Far Eastern Center for Shipbuilding and Shiprepairing is being created in Primorye. The Primorsky Territory Administration hosted a meeting dedicated to this new center. RF President Aide Alexander Burutin and Primorye Vice-Governor Pavel Popov took part in the meeting dedicated to creation of OJSC, which was held in the Primorsky Territory Administration. As the Administration reports, this open joint-stock company (OJSC) will be a sub-holding within the United Shipbuilding
— Public meeting on the investment environment of the Hanjiang Shipbuilding (and Heavy Industry) Industrial Park and Sinopacific Shipbuilding Affiliated Industrial Base is held in Yangzhou Yangzhou, April 26, 2011 —— A public meeting on the investment environment of the Hanjiang Shipbuilding (and Heavy Industry) Industrial Park and Sinopacific Shipbuilding Affiliated Industrial Base was held in Yangzhou today
The first phase of the Jiangnan Changxing Shipbuilding Base has been finished and is already in operation on Changxing Island, Shanghai. Built by the China State Shipbuilding Corporation (CSSC), it has three production lines and four boatyards capable of holding 300,000-ton ships. Almost unparalleled in the world, it is the biggest shipbuilding project ever to be undertaken in China. Shanghai has the potential to be the world's largest shipbuilding base.
The four major shipbuilding bases in Shanghai manufactured 71 ships in 2005 with a total value of about $2.1 billion, up 15.4% year-on-year, China Knowledge reported. The shipbuilding capacities of the four major bases exceeded 4.3 million dead weight tonnages (DWT) in 2005, an increase of more than 1.2 million DWT over 2004. The four bases are Hudong-Zhonghua Shipbuilding (Group) Co. Ltd, Jiangnan Shipyard (Group) Co. Ltd., Shanghai Waigaoqiao Shipbuilding Co
Daewoo Shipbuilding & Marine Engineering Co Ltd will enter the shipping business by forming a joint venture company with Nigerian National Petroleum Co, Daewoo Shipbuilding said. The joint venture, tentatively named Nigeria Daewoo Shipping Ltd, will have a capital base of 10 mln usd, with Daewoo Shipbuilding owning 51 pct and Nigerian National Petroleum the rest, Daewoo Shipbuilding said. Daewoo Shipbuilding will be in charge of the management and Nigerian National Petroleum will supply
The European shipbuilding industry is in need of highly skilled people, a recent study by Koers & Vaart for CESA and EMF revealed. The report said an annual need for technical employees in the EU shipbuilding industry over the next 5 years of 11,000 people, which is 11 percent of the present EU shipbuilding technical workforce. Retirements taken into account the EU shipbuilding workforce has to grow by 10% per year in the next five years.
According to a report from Ebeling Heffernan, China Shipbuilding Industry Co. (CSIC), the country’s northern shipbuilding giant, said its net profit last year rose 7.28% to about $246b. Due to a recovery in the Global shipbuilding market and a rise in orders, shipbuilding business has increased business 38.17% from the same period last year, it said. (SourceL Ebeling Heffernan)
According to a report from the VietnamNet Bridge, Deputy Prime Minister Nguyen Sinh Hung said a new Vietnam Shipbuilding Industry Group, Vinashin, will be unveiled this month or early November. The new shipbuilding group will focus on its core business, which are shipbuilding and repairing; supporting industries for shipbuilding; and providing training courses in the field. (Source: VietnamNet Bridge)
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.
South Korean shares rebounded Tuesday from the prior session's fall as local institutions rushed to hunt for bargains on views that the recent decline was excessive. STX Group shares benefit from the rebound. STX group shares ended bullish on news that its shipbuilding unit was assessed to
The Department of Defense awards a Navy contract for work on LPD 24 to BAE Systems, Norfolk, Va. BAE Systems Norfolk Ship Repair, Norfolk, Va., is being awarded a $22,527,198 modification to previously awarded contract (N00024-10-C-2204) to exercise an option for services and material for
The National Shipbuilding Research Program (NSRP) plans to issue a research announcement in August, 2013 & in the meantime issues this pre-solicitation notice in order to facilitate teaming arrangements. In making this announcement NSRP aims to solicit summary proposals that respond to
It has been an active week in the shipbuilding market, especially in the dry bulk sector, according to Clarkson Hellas's 'Weekly S+P report'. Apart from a single Panamax order and declaration of some Capesize options, ordering has been primarily focussed on the smaller Handysize and Supramax
On June 26, 2013, the American Shipbuilding Suppliers Association (ASSA) will host a roundtable discussion between member companies and Rear Admiral Richard D. Berkey, Deputy Chief of Staff, Fleet Maintenance, U.S. Fleet Forces Command. ASSA will discuss major issues affecting the entire
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
Classification society ClassNK announced that it has reached a preliminary agreement with NYK Lines Co. Ltd. and Mitsui O.S.K. Lines Co. Ltd. regarding the use of the ClassNK Archive Center's As-built Drawings Storage Service (ADSS) for all kinds of ships.
The 56,000 DWT Type Bulk Carrier with Huge Cargo Hold Capacity (over 70,000 m3) 157th Ship of Mitsui’s 56 Series Delivered M.V. New Direction. Mitsui Engineering & Shipbuilding Co., Ltd. (MES) completed and delivered a 56,000 dwt type bulk carrier M.V. New Direction (MES Hull No
Almi Tankers S.A. has received M/T Almi Navigator following the vessel's delivery at DSME's Okpo Shipyard., South Korea. This 157,787 dwt tanker is the eighth Suezmax of Almi's newbuilding programme and was built by Daewoo Shipbuilding & Marine Engineering Co
The Asian ballast water treatment systems market is highly lucrative and is expected to show tremendous growth over the next 6-7 years, according to Verify Markets (VM). Though still in the developmental stage, due to the pending IMO regulations, the market is expected to grow exponentially.
Product and chemical tanker specialist Ardmore Shipping has taken delivery of the Ardmore Seaventure from SPP Shipbuilding in Korea and immediately delivered the tanker to Cargill on a 12 month time charter arrangement. The Ardmore Seaventure is a 49
At the beginning of June South Shields based Solar Solve Marine dispatched a consignment of 16 SOLASAFE anti-glare roller sunshades to their distributor based in Osaka for installation at the wheelhouse windows of two new bulk carriers being built in Japan.
Huntington Ingalls Industries (HII) announced that the company's Newport News Shipbuilding (NNS) division delivered the submarine Minnesota (SSN 783) to the U.S. Navy. The boat, the last of the Block II Virginia-class submarines, delivered nearly 11 months ahead of schedule.
Shin Kurushima Dockyard Company has introduced Intergraph's 3D CAD/CAM software into the production phase of its ship projects. SKDY had chosen to standardize on SmartMarine 3D and successfully demonstrated its use of the industry-leading solution with a steel-cutting ceremony