Marine Log - September 2007 - (Page 44)

SHIPBUILDING ing to its activities. This past February, Clarkson Research figures showed CSSC accounted for 31% of the orderbook, CSIC, 15%, joint venture ICE CLASS TANKERS yards, 11% and local yards, 42%. The local yards have been growing in significance. One worth keeping an eye on is Yangzijiang Shipbuilding (Hold- CHINESE SHIPYARD CAPACITY EXPANSION PLANS Newbuilding Site Changxing Island Nansha Longxue Qingdao Haixi Dalian Lushun Fujian Quanzhou ture Weihai Shipyard Nantong Rongsheng Mastek Shipyard (Jimo) Guangxi Longmen Yangzhou Longhua Jiangsu Sugang Shuntian Shipbuilding Guoyu Shipbuilding Shentaosha Shipbuilding Huanqiu Shipbuilding New Times Hengcheng Shipbuilding Dinghen Shipbuilding Bohai NACKS Waigaoqiao Xiamen Shipbuilding New Yangzij. Qingshan Jinlin Shipyard Changxing Island Xingang Chongming Dalian Lushun Fujian Quanzhou Weihai Shipyard Shanghaiguan Shenzhou Shipbuilding Donghong Shipbuilding Yichun Wujiazu Wuchang Shipyard Xiamen Shipbuilding DSIC Province Capacity (DWT mill) Shanghai 4.5 Guangdong 2.12 Shandong 3 Liaoning 1 Fujian 1.48 Status Group Under constr & marketing berths — Phase 1 CSSC Under constr. & marketing berths CSSC Under constr. CSIC Under constr.— Initial Stage COSCO Under constru.n & marketing berths — Phase 1Joint VenUnder construction & marketing berths — Phase 1Local Under construction & marketing berths Local Under construction Joint Venture Under construction Local Under construction Local Under construction Joint Venture Under construction Local Under construction Local Under construction Joint Venture Under construction Joint Venture Under construction & marketing berths Local Under construction Local Under construction Local Under construction & marketing berths CSIC Under construction & marketing berths Joint Venture Under construction — Phase 2 CSSC Under construction — Phase 2 Local Under construction & marketing berths Local Under construction Local Under construction Local Need approval — Phase 2 CSSC Need approval CSIC Need approval CSSC Need approval — When finished COSCO Need approval — Phase 2 Joint Venture Need approval — Phase 2 Local Need approval CSIC Possible Local Possible Local Possible Local Possible Local Need approval — Phase 3 Local Need approval CSIC Shandong Jiangsu Shandong Guangxi Jiangsu Jiangsu Jiangsu Jiangsu Jiangsu Jiangsu Jiangsu Zhejiang Jiangsu Liaoning Jiangsu Shanghai Fujian Jiangsu Hubei Jiangsu Shanghai Tianjin 3 Shanghai Liaoning Fujian Shandong Hebei Zhejiang Zhejiang i Jiangsu Shandong Fujian Liaoning 0.58 3.5 1. 0.1 0.05 0.1 0.5 0.5 0. 0.4 1 0.2 1 2 1.5 0.3 1 0.15 0.58 3.5 1.5 1.4 1.12 0.42 1 3.6 0.2 4 0.3 2 Source:Yangzijiang Shipbuilding IPO prospectus/ Clarkson’s Research Studies ings) Ltd. A favorite builder for German shipping investors, it completed a successful IPO on the Singapore Stock Exchange earlier this year. According to its 424-page IPO prospectus, Yangzijiang Shipbuilding is China’s leading privately-owned containership builder, second largest privately owned shipyard and fourth largest shipyard, based on its order book. As of Dec. 31, 2006, the yard’s order book stood at 1,225,481 CGT and it had another 104,036 CGT in new orders from Jan. 1, 2007 to Mar. 19, 2007. Since the mid-1990s, the yard has delivered more than 50 containerships as large as 2,500 TEU to various shipowners globally and has progressively undertaken the construction of larger containerships and bulk carriers in excess of 13,000 dwt. Now it intends to build larger vessels, including tankers, and diversify into the offshore market. To expand its existing operations, it is constructing a new shipyard in Jiangyin with access to about 1,200 m of deepwater coastline covering an area of some 793,000 m2. The new shipyard, which will be completed in Oct. 2007, will have a building dock able to accommodate two 100,000 dwt vessels simultaneously. The accompanying table outlines the current expansion and new shipyard development plans in China, according to Yangzijiang Shipbuilding’s IPO prospectus. It is not thought that all of these sites will come to fruition, but a large number are already marketing berths and some have taken orders. The largest of these is CSSC’s Changxing Island site which will eventually rehouse Jiangnan Shipyard and Hudong Zhonghua, which are being cleared to make room for the 2010 44 MARINE LOG SEPTEMBER 2007 www.marinelog.com http://www.ebdg.com http://www.ebdg.com http://www.marinelog.com

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Marine Log - September 2007 Contents Update Inside Washington High Speed Design Heads into New Waters The National Maritime Salvage Conference & Expo Guide China Aims for the Top Azipods: Just Add Ice Rigdon Scores Newsmakers Tech News Contracts Events Website Directory InfoDirect Ml Marketplace Last Word

Marine Log - September 2007

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