|
Back
 x 0
 x 0
|
Guangdong COSCO Shipyard assisted semi-submersible drilling platform construction started Edrill-3
Views: 650 Date :2013 -9-23
September 18, the Guangdong COSCO Singapore Energy Drilling Company built semi-submersible drilling platform supporting Edrill-3 (N566) began to build, so far, Guangdong COSCO Shipyard in marine construction projects up to 8. Shipowners, Mr. President Marcus Chew, also general manager of Guangdong Yue Shi COSCO Shipyard, ABS classification society representatives, ship construction supervision team and Guangdong COSCO Shipyard offshore project team members witnessed this important moment.
Edrill-3 is Energy Drilling Company in Guangdong COSCO third offshore construction projects. The platform length of 102 m, width 63 m, depth 31 m, with a total height of about 72 meters, 13 to 18 meters operating draft, the largest job displacement of 31,900 tons, 170 crew members for life to live. Platform will be built to meet the Convention on the International Maritime Organization IMO MODU, while meeting the American Bureau of Shipping (ABS) MODU norms, the International Labour Organization ILO, SOLAS SOLAS, International Convention on the Prevention of Pollution from Ships MARPOL, U.S. Engineers ASME, ASTM Society for Testing ASTM, the American Petroleum Institute API and other relevant standards. (Xuying Xing Executive sub)
|
|
Good Post
Bad Post
|
x 0
x 0
|
Guangdong COSCO Shipyard Offshore platform supply vessels operating
Views: 135 Date :2013 -10-23
October 21 afternoon, the Guangdong COSCO Shipyard built by the Dutch VROON.BV first two offshore platform supply vessels N569 started. ABS classification society representatives, ship construction supervision team and Guangdong COSCO Shipyard offshore project team members witnessed this important moment.
The platform length of 83.4 m, width 18 m, depth 8 m design draft 6.7 m, speed 14.5 deck area of 830 square meters, deadweight of 4200 tons, equipped with DP2 dynamic positioning system.
VROON.BV company in the Netherlands a strong shipping company to transport special ship for the main business, with ocean engineering vessels, livestock vessels, car carriers and so many different hull vessels of more than 160 vessels. COSCO Shipyard expansion in Guangdong specialty shipbuilding business, the two sides established a good relationship of cooperation. Currently, VROON.BV company has four livestock vessels, two offshore platform supply vessel COSCO Shipyard construction project in Guangdong, where a livestock ship has been delivered, the other projects are planned in an orderly manner. (Chen Shusheng Executive sub)
|
|
Good Post
Bad Post
|
x 0
x 0
|
It time to buy cosco now. below $0.85
|
|
Good Post
Bad Post
|
x 0
x 0
|
Drilling Rig Sevan Louisiana Delivered from China Posted on Oct 23rd, 2013
Sevan Drilling ASA has today taken delivery of Sevan Louisiana from Cosco Quidong Shipyard (Cosco) in China.
Sevan Louisiana is Sevan Drilling?s third deep water drilling rig and will start the transit to the US Gulf of Mexico. It is expected that the rig will commence operation for LLOG Bluewater towards the end of Q1 2014, following completion of mobilization and certain additional equipment installations.
In connection with the delivery of Sevan Louisiana, the company has also closed and drawn USD 1,400 million of its new USD 1,750 million bank facility as announced on 23 July 2013. These fundshave been used to repay and settle the existing bank facilities related to Sevan Driller and Sevan Brasil and to settle the remaining installment and other payables to Cosco.
Sevan Drilling, October 23, 2013
http://worldmaritimenews.com/archives/96035/drilling-rig-sevan-louisiana-delivered-from-china/
|
|
Good Post
Bad Post
|
x 0
x 0
|
COSCO Signs ?Queen Elizabeth 2′ Refurbishment Contract
On October 15, COSCO (Zhoushan) Shipyard, a subsidiary of the COSCO Shipyard Group, and QE2 Holdings Ltd, entered into a contract for the refurbishment of the legendary cruise ship Queen Elizabeth 2 into a luxury five-star floating hotel. cost us$100 Million
This is the first cruise ship conversion project COSCO Shipyard has undertaken it is also the first time project of such kind and scale was assigned to a Chinese Shipyard, marking the successful entrance of the Chinese Shipyards into the international cruise ship conversion market.
The Oceanic Group, COSCO Shipyard, Drydocks World and QE2 Holdings executives, as well as guests from the shipping, tourism and hotel operations industry attended the signing ceremony.
The cruise ship, which hosted kings, queens, presidents, prime ministers and celebrities throughout its legendary 40-year history, will depart from Dubai and arrive in COSCO Shipyard?s facility in Zhoushan, Zhejiang Province. Once there, it will receive a thorough revitalization and makeover that is scheduled for completion by 2015. The existing 990 staterooms onboard the cruise ship will be converted into 400 premium all-suites ranging from 60 to 150 square metres. COSCO Shipyard will be responsible for all the technical repairs and coordinate with an appointed interior renovation contractor to revamp the accommodation and ballroom, as well as the refitting of seven restaurants, 10 lounges, a cinema, a maritime museum displaying QE2 memorabilia, and a shopping mall. In the near future, Queen Elizabeth 2 will become one of Asia?s major waterfront tourist attractions, a new symbol of luxury, magnificence and appealing life.
Mr. Khamis Juma Buamim, Chairman of QE2 Holdings and Dubai?s Drydocks World, said, ?No other ship can match the QE2′ s prestige, or her legacy. She is an absolute icon of maritime history, one of the best and most powerful ships in the world. Therefore, our decision on a partner was critical.?
?We are pleased to be working closely with COSCO Shipyard for the technical repair and refurbishment process, which will be carried out with the utmost respect to the QE 2′ s heritage and splendour. China COSCO?s expertise in cruise ship conversion will complement our extensive experience in comprehensive ship repair work and upgrades.?
Mr. Yan Chengxiang, Vice President of COSCO Shipyard, said: ?The Zhoushan shipyard is one of COSCO?s largest and newest, and it certainly has the capacity to host a cruise ship of the QE2′ s stature. QE2 Holdings decision to carry out this work with us is a reflection of COSCO Shipyard and COSCO Group?s leading position in China?s shipbuilding industry. We will appoint our best management, technology and production team to ensure first-rate service, smooth implementation and quality delivery of the project.?
|
|
Good Post
Bad Post
|
x 0
x 0
|
Guangdong COSCO Shipyard for two + 4 PSV orders
2013-10-17 08:44:37 Source: International Ship Web
It is reported that Guangdong COSCO Shipyard recently from Singapore Chellse get two UT 771WP type PSV construction contract, which is the third and the fourth ship of the fleet Chellsea UT type PSV, is expected to be delivered in 2015, the contract there are four options for orders PSV .
UT 771WP type PSV provided by the Rolls-Royce design and equipment packages. The series will be Asia's first introduced PSV wave-piercing bow PSV, harsh in choppy sea conditions to maintain the same speed and fuel consumption. cost may be for one psv US$57 Milions
Rolls-Royce to provide the equipment package includes MTU ( ship hangar location ) Host ( Product Buying supply ), the propulsion system ( Product Buying supplies ), power systems, batch processing system, deck machinery ( Product Buying supplies ), automation ( Product Buying Supply ) operating system and dynamic positioning systems.
|
|
Good Post
Bad Post
|
x 0
x 0
|
COSCO Guangdong, the first system of marine auxiliary water drilling rigs
2013-10-15 16:45:16 Source: International Ship Web
October 15 morning, Guangdong COSCO Singapore Energy Drilling Company designed and built the first ship in South China Sea is currently supporting drilling rigs ( ship yard sale ) " Edrill-1" No water. This marks the layout in southern China COSCO marine engineering ( ship yard sale ) construction industry has made substantial progress.
It is reported that, " Edrill-1" a total of 8740 tons heavy number, total length of 99.97 m, width 29.87 m, depth 11.35 m. Available for 170 crew work, to live, and its main function is to provide marginal field drilling, workover services, or may be an insert positioned waters pile drilling, rents are lower than self-elevating drilling platform ( ship yard sale ) lower, more economical, working depth up to 2,000 meters and drilling depth of up to 5000 m or more.
According to the Guangdong COSCO Shipyard, responsible person, assisted drilling platform is a small but widely optimistic market, at present, oil and gas development into the ocean era, marine equipment, high-speed growth. At present, China's marine equipment industry is still in its infancy, the global market share of about 5% -7%. With the development of Chinese industry, marine engineering, marine engineering equipment manufacturing centers worldwide transfer to China in the next few years, China marine equipment worldwide market share will continue to improve. COSCO Group, COSCO Shipyard in Guangdong in southern China's major shipbuilding and offshore construction base. According to the plan, COSCO Shipyard in Dongguan, Guangdong Development special vessels ( ship yard sale ) ship construction project is mainly the construction of bulk carriers ( ship yard sale ), livestock vessels, offshore support vessels ( ship yard sale ), marine engineering platform supply ship ( ship shipyard trading ) and other nine different ship.
|
|
Good Post
Bad Post
|
x 0
x 0
|
COSCO Group turnaround " ice-breaking"
Source: Economic Times 2013-10-16 16:01:32
COSCO Group Insein round before berthing Dutch port of Rotterdam, the successful completion of the Arctic Northeast Passage inaugural mission. This is the first one through the Arctic Northeast Passage to reach success in Europe Chinese merchant ships.
According to reports, the new channel can reduce the shipping costs. Preliminary study, the efficiency of maritime transport from the perspective of the Arctic waterways more traditional routes to reduce from 12 to 15 days voyage, the ship can either save a lot of fuel costs, they can save the canal fees, security fees, etc.. By reducing the shipping costs, you can enhance the market competitiveness of enterprises to further expand business efficiency.
Although the Arctic waterway has all these commercial value, but also acknowledged COSCO, the waterway affected by climate also has its limitations. Commercial navigation needs in marine technology, marine technology to further explore and improve.
Downturn in the shipping market backdrop, the operation of COSCO wide attention. Losses for two consecutive years has been the face of China COSCO, COSCO Group Chairman Ma Zehua repeatedly stressed that predicament needs based on their own, relying on cost control and prudent management to reverse the plight and made this year the company will strive to reduced losses or losses shipping business .
For the realization of " turnaround" target, * ST offshore asset disposal were made in the first half, has sold its 100% equity interest in COSCO Logistics and its subsidiaries held equity interest in CIMC. " Global shipping companies are seeking ways to cope with the challenges of the shipping market downturn." Said Ma Zehua, cost control, strict control of COSCO taken this year in fuel costs, reduced office expenses and other measures to continuously intensify.
Although the new channel can also reduce the cost of shipping, but it seems Zehua, with cost savings compared to the opening up new paths for the Chinese shipping industry is even more significant, " This voyage is the COSCO Group actively explored to provide customers with value-added services and achieve win-win development of useful attempt, for the expansion of the corporate brand influence, enhance the market competitiveness of great value, for the promotion of economic and ports along the Northeast Passage EU trade development has a positive meaning. "
|
|
Good Post
Bad Post
|
x 0
x 0
|
Cosco secure three contracts total of us $170 ÷$180 +$52 ( RMB $325) total of $402 million . 20% profits = us $80.1 million . Can't cover the us $110 million. Write off for dalian. But this case is not close . They had go through the court case .
The vessel they stil can sell to others biyers
Fund managers will like to see the Cosco Q3 result profits
Tomorrow cosco may drop back to $0.78-$0.76
If you had hold power then not problem s
|
|
Good Post
Bad Post
|
x 0
x 0
|
China: Shipbuilding industry struggles to keep head above water
Monday, 14 October 2013 | 00:00Chinese shipbuilders have been sailing toward bankruptcy in recent years, with China trying to consolidate the industry and bail it out from the woe of overcapacity.With delays in deliveries, order cancellations and price decreases for newly-built vessels, shipbuilding firms have been in a slump since late 2008, when the global financial system was in free fall.Cash-strapped shipping companies froze expansion plans by scrapping or delaying orders. The euro crisis from late 2009 made the situation even worse.Statistics from China Association of National Shipbuilding Industry showed in the first half of 2013, 80 major enterprises made a combined business revenue of 120.3 billion yuan (19.6 billion U.S. dollars), down 18.5 percent year on year. Total profit dropped 53.6 percent to 3.58 billion yuan.In terms of production, it is estimated there will be a fall of around 50 percent in 2013, according to a Ministry of Finance report in August."The color of the industry was gray in 2011. It was black last year. For this year, it's red, bloody red," said Chen Qiang, president of Rongsheng Heavy Industries Group Co., China's largest private shipbuilder. Operating revenue for 2012 at the company stood at 7.9 billion yuan (1.29 billion U.S. dollars), down 50 percent year on year.China's shipbuilding industry was in a "golden age" in 2004, when shipyards, especially those with private investment like Rongsheng, mushroomed as a symbol of the country's booming economy.Before 2000, the number of shipyards in China were in the hundreds. The industry quickly ballooned to more than 3,000 by 2007 under a "get-rich-quick" mindset. China entered the world's top three in terms of shipbuilding, together with Japan and the Republic of Korea (ROK).Now, the industry is a shadow of its former self.Though bankruptcies remain rare despite mounting losses even at well-connected state-owned firms, many are teetering on the brink.In eastern China's Jiangsu Province, the country's largest ship builder, companies have been warned that if there are no new orders, the backlog will merely be enough to "feed" enterprises for another two years.According to the provincial commission of economy and information technology, ship completion and current orders in Jiangsu dropped by 32.9 percent and 17.5 percent year on year respectively in the first half of 2013. Among 66 shipbuilding enterprises, only 23 received new orders.Even those with orders are not positive."Profit margins are already razor thin as prices are being pushed down," said Tang Yong, chief financial officer of Dayang Shipbuilding Co., Ltd. in Yangzhou.The price for a new ship is the lowest in a decade, said Tang.Many firms are not willing to go out of business, as China lacks a bankruptcy mechanism to allow creditors to be compensated. Many believe the one that sticks it out stays alive."The industry itself is a ship so bloated that a slimming plan is in dire need to shift it in the right direction," said Song Songxing, a business management professor with Jiangsu-based Nanjing University."If not, low-end products will continue snowballing until it drags down the whole industry," said Song.Li Yanqing, director of China Shipbuilding Information Center, said low value-added products like bulk carriers, oil tankers and container ships, dominated shipyards. Li said Chinese shipbuilders were far behind Japan and the ROK in production management, work efficiency and developing high value-added products for ocean engineering projects."Chinese ship builders are competing fiercely with each other on the easy-to-make-but-cheap products, while few are willing to invest in the development of high-end products, which is no good for the long-term health of the industry," said Li.SIGNPOST ON THE SEAThe central government has also identified the need for deeper structural reform to remedy the inefficient and debt-laden industry.The State Council, or China's cabinet, issued a three-year plan to consolidate the industry in August, which includes measures to halt approvals for new shipbuilding projects and freeze credit support for expansion of facilities.Meanwhile, the cabinet has vowed to prioritize the development of ocean engineering products, for example deepwater drill ships and rigs, which there is a rising global need for as the world seeks energy resources from the sea.Chinese yards are trying to tap into the ocean engineering market, as advance payments and more bank credit are available.Chang Jianhua, Rongsheng's vice president, told Xinhua in August that the company plans to accelerate development of ocean engineering products, which is estimated to bring 40 percent of firm's total income by 2015.By then, the profit margin of Rongsheng's shipbuilding business is expected to rise to 20 percent from the current 5 to 10 percent. "The more difficulties, the more opportunities," said Chang.However, ocean engineering products demand high technology, which is an achilles' heel for the country's shipbuilders, especially private yards, said Ni Tao, general manager of the China Ocean Shipping Company."That's why most Chinese firms are subcontractors or co-builders in the international ocean engineering market," said Ni. "We need government support to develop ocean engineering products based on home-grown technology."Rongsheng invested heavily in a new research and development (R&D) hub in Singapore last year besides having one in Shanghai. It wants to combine foreign know-how with Chinese national identity to guarantee a sustainable revival."Traditionally, Singapore is a talent pool for ocean engineering product development and management. We set up the new R&D center there, which allows Rongsheng to speed up the product-development cycle," said Chen Qiang.Experts, however, warn that the government should stop micromanaging the industry while it upgrades. Instead, it should try to ensure the market runs smoothly by establishing a level playing field and stronger rules."To develop ocean engineering products is the right direction, but local governments should learn lessons from last time, when they blindly gave policy support to build new yards more than what were needed," said Song.Source: XinhuaNext articleBack to listPrevious
15/10/2013 00:00 - Zhenjiang Sopo Shipyard in financial dispute15/10/2013 00:00 - Drydocks World in Talks With Suez Canal Authority
|
|
Good Post
Bad Post
|
x 0
x 0
|
Yangzijiang shipping industry with Sesi Pan 5 million boxes ship orders take effect
Source: International Ship Network 2013-10-14 09:49:15
Container ship owners continue to be custom-made large container ship in droves. It is reported that the Canadian Shipowners Sesi Pan has decided to exercise in the Yangzijiang shipping industry build five container ships 10000TEU option.
These super-Panamax vessels will be delivered in 2015. Sesi Pan said that soon with one of the big shipping companies negotiated Hiring of these boats.
2011, Sesi Pan and Yangzi shipyard signed seven 10000TEU ship construction contract to build another 18 vessels containing the option.
In January, Sesi Pan launched four boats of choice, price $ 90 million per vessel, and negotiated with Mitsui merchant charter contracts for eight years.
Currently, Sesi Pan and the Yangtze River and nine vessels of choice.
Although the market long-term overcapacity, shipping companies still have in the past few years through the purchase or lease of other ways to eat into the large container ships. This reflects the price has bottomed boat, it also reflects the widening of the Panama Canal with the fuel-saving design of the ship will get more opportunities.
According to Clarkson statistics, this year, the shipyard has received a 134-Panamax container ship orders , while last year only 44.
|
|
Good Post
Bad Post
|
x 0
x 0
|
First SAVER Vessel Launched (China)
Posted on Oct 11th, 2013 with tags
Seaspan Ship Management Ltd announced on September 24th, 2013, that the company has launched its first SAVER vessel, the 10000 TEU Hanjin Buddha, at Jiangsu Yangzijiang shipyard.
Hanjin Buddha and her sister ships will become some of the largest and most sophisticated containerships ever to be built in China.
On its official Facebook page the company said that this event represents a big milestone for them .
http://worldmaritimenews.com/archives/95111/first-saver-vessel-launched-china/
|
|
Good Post
Bad Post
|
x 0
x 0
|
First SAVER Vessel Launched (China)
Posted on Oct 11th, 2013 with tags
Seaspan Ship Management Ltd announced on September 24th, 2013, that the company has launched its first SAVER vessel, the 10000 TEU Hanjin Buddha, at Jiangsu Yangzijiang shipyard.
Hanjin Buddha and her sister ships will become some of the largest and most sophisticated containerships ever to be built in China.
On its official Facebook page the company said that this event represents a big milestone for them .
http://worldmaritimenews.com/archives/95111/first-saver-vessel-launched-china/
|
|
Good Post
Bad Post
|
x 0
x 0
|
U.S. partisan stalemate loosen
10 OCT 15:27
Sina Finance YORK October 10 afternoon, according to " The Wall Street Journal," the United States to loosen partisan stalemate Wednesday, conservative Republican lawmakers raise the U.S. debt ceiling on short-term welcomed the proposal, House Republican leaders are preparing to meet with President Barack Obama , which is from the first meeting since the government shut down.
According to the participants, Mr Republican members of the House Budget Committee Chairman Ryan (Paul Ryan) on Wednesday presented to the Conservative peers prolonged the debt ceiling plan for 4-6 weeks, and a wide range of cutting the deficit to set up a framework for negotiations, according to Ryan planning, negotiating larger spending cuts, the next time the debt ceiling extension longer.
|
|
Good Post
Bad Post
|
x 0
x 0
|
BDI continues to rebound after a brief adjustment, groupage freight decline to expand
Source: BOCI 2013-10-10 10:15:54
Dry bulk freight market in November after a short adjustment before, continue to rebound after last week BDI index weekly chain rose 7.6% to 2,146 points Tanker freight market were mixed, BDTI and BCTI index respectively over the previous week rose 2.6 percent and fell 3.5%. Groupage market CCFI week before the National Day and Week SCFI Composite Index fell 1.3% MoM and 5.5% Cargo ship before the November holiday market situation is not ideal, plus capacity put pressure on freight rates fell across the board in Europe and America, and the decline has The expansion of the European part of the voyage freight line below $ 700 / TEU, U.S. line situation is relatively stable, price canvassing promote freight liner companies fell slightly. International dry bulk market is subject to significant influence Chinese holiday before the holiday miner volume shipments to promote the index upward, after a slight decline, but the BDI index continued to rebound after a short adjustment since the current rally is superimposed on a variety of factors, the core factor is Chinese demand is expected, we think it is still difficult to support further substantial increase in freight rates, BDI index future will face greater pressure. Recent sideways shipping sector, the future stock price may be repeated, but the industry is expected to gradually return to fundamentals in the short term will remain weak medium to long term, the year the industry still faces great pressure losses, and the state of short-term overcapacity difficult change, long-term investment opportunities can be next year.
Groupage freight market decline in Europe to expand the trunk routes, shipping companies brewing early November price increases. September 27 China Containerized Freight Index (CCFI) to 1,090.62, down 1.3%, Shanghai Containerized Freight Index (SCFI) was 936.89, down 5.5%. Shanghai exported to Europe and the Mediterranean port tariffs were basic $ 765 / TEU and $ 837 / TEU, the chain fell 12.6% and 11.3% to U.S. West and U.S. East tariffs were U.S. $ 1,837 / FEU and U.S. $ 3,252 / FEU, the chain were down 2.9% and 1.3%. Market volume increased before the National Day is not obvious, coupled with continued investment capacity pre-impact, tariffs continue to fall, and the decline has been expanded, including the European part of the voyage line below $ 700 / TEU America Line is relatively good, tariffs down slightly. Due to the current trunk routes under the inevitable loss of freight, shipping companies raise prices again brewing early November, the whole, we think that prices are still likely to be successful, but the price range is limited, and the pulse rise in freight rates will continue after down, the whole hovering near the breakeven point.
Bottom of the cycle has been in the shipping industry, the dry bulk market BDI index term is expected to continue upward, but the pressure increases while CSCL demand recovery for the better, lower primary season to look forward to next year. Currently shipping sector in 2013 an average of A shares and H shares were 1.2 times book value and 0.9 times in history is relatively low, short term dry bulk freight market is expected to continue to rebound, but the overall industry overcapacity situation obscure, we have no maintain the plate cautious. Short recommend investors to focus government support policies may bring short-term trading opportunities, oversold rally should not chase high.
|
|
Good Post
Bad Post
|
x 0
x 0
|
Seaspan再 订 5艘 1万 TEU集 装 箱 船
发 布 时 间 ： 2013-10-8 15:25:45
Seaspan公 司 9月 30日 表 示 ， 公 司 在 江 苏 新 扬 子 造 船 有 限 公 司 及 江 苏 扬 子 鑫 福 造 船 有 限 公 司 再 订 造 了 5艘 10000TEU型 超 大 型 集 装 箱 船 。 此 次 合 同 为 原 有 备 选 订 单 正 式 生 效 ， 新 船 将 安 排 在 2015年 实 施 交 付 。
该 5艘 集 装 箱 船 将 采 用 Seaspan的 ?SAVER?船 体 设 计 ， 该 船 东 表 示 ， 这 些 船 舶 期 待 即 将 签 署 长 期 包 租 合 同 。
另 外 ， Seaspan公 司 眼 下 拥 有 了 共 104艘 、 79万 TEU以 上 的 集 装 箱 船 船 队 ， 其 中 包 括 31艘 到 2016年 末 之 前 交 付 的 在 建 船 舶 。
Seaspan reorder 5 10 000 TEU container ship
Seaspan Corporation on September 30, said the company in Jiangsu New Yangzi Shipbuilding Co., Ltd. and Jiangsu Yangzi Shipbuilding Co., Ltd. Xin Fu has ordered five 10000TEU re-type large container ships. The original contract for the alternative orders came into effect, the new ship will arrange the delivery in 2015 implemented.
The five container ships will be used Seaspan's " SAVER" hull design, the owner said that these expectations will sign a long-term charter vessels contract.
In addition, Seaspan company now has a total of 104, more than 790,000 TEU container ship fleet, including 31-2016 delivered before the end of the ship under construction.
http://cn.eshiptrading.com/news/d/40/30550/
|
|
Good Post
Bad Post
|
x 0
x 0
|
Jan-Sept China's new ship orders jumped 83.4% total, 38.7 per cent of total global
source: China Maritime Service 2013-10-09 11:31
October 8 industry data show that the first three quarters of this year, Chinese shipyards new ship orders surged 83.4 percent from a year earlier.
According to information provided by Clarkson, the first three quarters of Chinese shipbuilders won 11.68 million CGT orders over last year jumped 83.4 percent, accounting for 38.7% of total global orders. January-September, the Korean shipbuilders received a total of new ship orders 10.87 million compensated gross tonnage (CGT), compared to 5.76 million compensated gross tonnage. First nine months of this year, total new orders Korean shipbuilding companies accounted for 36% of total global orders, last year accounted for 31% of total global orders.
The first three quarters of the total global shipyard orders rose 62.6 percent from a year earlier to 30.22 million CGT. Meanwhile, the new shipbuilding prices also showing signs of recovery.
August Clarkson's newbuilding price index was 129 points, 128 points from July and June rose 127 points to gradually rise, so the shipbuilding industry insiders forecast that the market may be restored. Since November last year, Clarkson newbuilding price index has been hovering around 125 points. 2011 remained at 139 points in 2012 to 126.3 points.
Insiders pointed out that the steady increase in new shipbuilding orders, but the new ship prices are still low compared with the previous two years, which means that the shipbuilding industry in the near future will not be significant recovery.
|
|
Good Post
Bad Post
|
x 0
x 0
|
Chinese shipyards " stolen" the Singapore marine orders
Source: British " Financial Times" 2013-10-09 10:13:47
Whether in the choppy waters of the North Sea, Latin America's deep trench near the mainland, or often by the Gulf of Mexico hurricanes, a global oil and gas drilling to provide the necessary offshore drilling platform competitions now kicked off.
Over the years, from the Asian city-state of Singapore 's two companies - Keppel Group (Keppel) and SembCorp Marine (Sembcorp Marine) - dominate the market for the supply of such large equipment.
In shallow waters for so-called jack-up drilling rig field, the two companies occupy 70% of the total global market share. Keppel and PEMEX (PEMEX) on Friday signed an agreement to build and operate in Mexico jackup drilling a production boat dock.
Keppel and Sembcorp or semi-submersible drilling platform, the main supplier of this platform is the use of deep-sea drilling.
But Singapore is now beginning to feel the competition first started the heat of competition from China and South Korea's emerging opponent. China and South Korea are working from the Gulf of Mexico, offshore Brazil and West Africa drilling boom slice, and has started independent production jack-up drilling rigs and other equipment.
In the three months ended September, Chinese shipyards got eight jackup drilling ship orders, and Singapore companies only got three orders - this is the first time in China on orders over competitors.
Research institutions Religare data provided so far this year, Chinese shipyards received orders from the jack-up rig has accounted for 45% of total global orders, while the amount calculated according to the contract, China has accounted for the amount of orders received global order 32% of the total amount.
South Korean shipyards are also struggling to open up the market, Daewoo Shipbuilding and Marine Engineering Company announced that the company received since 1983, the first jackup drilling ship orders.
? Religare analyst Vincent Fernando (Vincent Fernando) said: " There is evidence that, in the flagship product from the jack-up rig areas, Singapore 's shipyards face competition from Chinese and South Korean shipyards competition, this competition is becoming increasingly intense. "
He pointed out that China's shipbuilding enterprises Shanghai Waigaoqiao Shipbuilding Co., Ltd. (Shanghai Waigaoqiao) recently won the French oil company Total (Total) a three-year contract, will be a Total oilfield in the North Sea to provide services.
Competition may be two Singapore companies - Keppel Group and Sembcorp - great impact. Both companies are listed on the Singapore Stock Exchange company, to marine-related business as the main source of profits.
Macquarie (Macquarie) pointed out that in Brazil, Mexico and Africa's " Golden Triangle" Sea Development 1000 deep wells, approximately $ 650 billion of capital expenditures. The agency is expected, which will continue to promote this began in 2011 the construction boom of the drilling platform, is expected this boom will continue for 3-5 years.
Macquarie also noted that the jack-up drilling rig orders will continue to grow, as is currently being used in most of jack-up rigs are old or obsolete, built in the decade up to 1985 shipbuilding boom.
Analysts say the jack-up rig is Singapore's most serious challenges facing the field. Chinese shipyards have been providing cheap loans to the buyer, as well as favorable payment terms. For example, Chinese shipyards only requires the buyer to pay a 5% down payment, while Singapore shipyard usually require a 20% down payment.
But relative to competitors from China, Singapore shipyard still has some advantages.
Keppel Offshore & Marine Corporation (Keppel Offshore & Marine) COO Zhouyao Yuan (Chow Yew Yuen), said drillers exploration work has a strict timetable, so you must determine the time of delivery of drilling equipment and are willing to veteran shipbuilding Factory to pay a premium to ensure that meet their needs to buy drilling equipment.
In contrast, Chinese shipyards generous loans and favorable payment terms easily attracted speculators - this is a major feature of the drilling industry - these speculators will then drilling equipment " down" to other buyers.
Zhouyao Yuan said: " We can not offer the same favorable payment terms, so we have to focus on improving product reliability and to improve the design."
Analysts also believe that the financial strength of the weak Chinese shipyards will inevitably have been out of the market. An obvious example is headquartered in Singapore 's maritime services company SwissCo Holdings, recently canceled the shipbuilding enterprises from China Rongsheng Heavy Industries (Rongsheng) Purchase two jack-up drilling rig contract. Rongsheng Heavy Industries is currently operating difficulties.
The key point is that China has not Keppel shipyard and Sembcorp as experience in multinational operations. Keppel and Sembcorp years has been in overseas operations dock (such as Keppel coming up with Pemex in Mexico, co-constructed dock), which narrowed them with Brazil, the Caspian Sea (Caspian Sea) and other key markets end customers distance.
CIMB Bank (CIMB) analyst Lim Siew Khee said: " We believe that people are Chinese shipyards 'stole' Singapore companies drilling equipment orders fears overdone. "
Although the South Korean market for drilling rigs in Singapore, poses a great threat, but Zhou Yaoyuan that Keppel " does not intend" in the " low-end market" is used in the initial phase of oil exploration vessels to compete with South Korea.
But analysts said the Chinese shipyard to improve their product quality and reliability is just a matter of time. Fernando pointed out, Dalian Shipbuilding Industry Group (Dalian Shipyard) and Nantong COSCO Shipyard Group (Cosco Nantong) belong to " is not limited to the construction of low-end vessel" of the enterprise.
Zhouyao Yuan said that, in addition, last month in New York organized by Barclays (Barclays) organized an energy conference, he noted that the attitude of the participants offshore drilling business has changed. Some drillers began to discuss the Chinese shipyard orders possibilities.
When asked about the Singapore shipyard can also sit back and relax long time, Zhouyao Yuan said: " I think, in fact, they may have three years."
|
|
Good Post
Bad Post
|
x 0
x 0
|
Fed President Yellen or into Asian markets rebound
At 11:44 on October 9, 2013 Sina Finance
Sina Finance YORK October 9 morning news Japan and Australian stocks rose on Wednesday morning from intraday lows, the U.S. budget impasse in the negotiations was to bring pressure on Asian markets.
The good news is, according to " The Wall Street Journal" reported that Obama will Timingyelun as Fed chairman. Yellen and Bernanke's policy stance is very similar, some people even think that she was more inclined than he relaxed.
U.S. stocks closed lower on Tuesday as investors worried that if you do not raise the debt ceiling, the U.S. Treasury's debt will default. While investors believe that the possibility of default is not large, but the deadline date has approached, and the quarrel between the bipartisan yet subsided. U.S. President Barack Obama warned that if the government is unable to pay the bill, then the U.S. economy will fall into chaos.
Another bad news is that the IMF [microblogging] yesterday to cut its forecast for global economic growth to 2.9%.
Benefit from the yen fell, the Nikkei index rose 0.5 percent, far from the intraday low. Australia's S & P / ASX 200 index rose 0.1%.
For the Asian markets, the focus is on China next week will be announced in early weekend trade and inflation data. (Ming Yu)
|
|
Good Post
Bad Post
|
x 0
x 0
|
Yangzijiang had not announced in sgx yup.
Secured 5 containerships 10k teu from seaspan .
And 2+4 vessel 82,000 dwt environmental friendly bulk orders from Norwegian ship owners torvald klaveness.
Hope this time yangzijiang can brake $1.20
|
|
Good Post
Bad Post
|
|
|
|
