Marine Log - September 2007 - (Page 44B)

berths. These nine sites have a total planned capacity of around Owner Nationality Tankers Bulkers Containerships Gas Carriers Others Total % of total 17 million dwt, compared to total COSCO) China 170.5 540.0 495.0 — 60.3 1,265.8 4.5% Chinese output of 12.5 million dwt China Shipping China 589.9 69.8 398.1 — — 1,057.8 3.7% in 2006, representing a more than — 11.7 — 821.0 2.9% Nanjing Changjiang China 809.3 — doubling of shipyard capacity. A.P. Moller Denmark 670.9 — 88.2 — — 759.1 2.7% While the State Council plan Cardiff Marine Inc. Greece 441.3 257.5 — — — 698.7 2.5% calls for 23 million dwt of capacity Peter Dohle Schiff. Germany — — 550.4 — 43.4 593.8 2.1% by 2010, but according to data Clipper Group Denmark 172.4 365.7 — — — 538.1 1.9% Rickmers Reederei Germany — — 519.9 — — 519.9 1.8% from China Association of NationFredriksen Group Norway 352.6 111.1 — — — 463.8 1.6% al Shipbuilding Industry it will Hartmann Schiff. Germany — 95.3 53.0 — 299.8 448.1 1.6% exceed 40 million deadweight tons Ocean Tankers Pte. Singapore 441.8 — — — — 441.8 1.6% a year in 2010 if all new shipyards Pacific Int. Lines Singapore — — 411.5 — — 411.5 1.5% planned by investors are completGeden Line Turkey 182.3 222.2 — — — 404.5 1.4% ed. Transmed Shpg. Ltd Greece — 402.7 — — — 402.7 1.4% “The government's plan is not NSC Schiffahrt Germany — — 307.5 — 89.4 396.9 1.4% very rigid. But 40 million deadChina LNG Shp Mgt China — — — 396.4 — 396.4 1.4% weight tons is really too much,” Dynacom Tank. Mgt Greece 374.5 — — — — 374.5 1.3% says You Shumin, an official from Torm, Dampskibss Denmark 354.6 — — — — 354.6 1.3% Beluga Shpg. GmbH Germany — — — — 349.7 3 49.7 1.2% the Commission of Science, TechNippon Yusen Kaisha Japan 176.3 162.0 — — — 338.4 1.2% nology and Industry for National Others 5,428.7 4,689.6 4,086.8 154.8 2,855.9 17,215.8 60.9% Defense, the sector’s main watchTotal 10,165.1 6,915.9 6,910.5 563.0 3,698.4 28,252.9 100.0% dog. You blamed “profligate investAs of February 2007 Source:Yangzijiang Shipbuilding IPO prospectus/ Clarkson’s Research Studies ment by domestic private and foreign companies to cash in on new vessel demand” for the excess ShanghaiWorld Expo. The site will ing yard and Shanghai Waigaoqiao capacity and said many projects fundtake up 8 km of coastline and by 2015 Shipbuilding will come under the con- ed by these investors don’t comply is planned to have a total of seven trol of this listed company, in which with China’s regulations. docks with an annual capacity of 8 CSSC remains the controlling shareAccording to the rules, total input million dwt. The new shipyard has holder. in a new shipbuilding project should already built up an orderbook of 37 CSSC is also constructing a large reach at least 2 billion yuan, of which ships of 6.47 million dwt including 19 shipbuilding site in southern China at no less than 40 percent should come VLCCs with the first ship due to deliv- Nansha Longxue Island. This facility from investors themselves. er in 2008. will cover 4.5 km of coastline and “We will implement the existing Interestingly, CSSC’s diesel manu- when finished in 2009 is expected to regulations more strictly and work out facturing unit, Hudong Heavy have an annual capacity of 2.12 mil- new measures to put the sector in Machinery Co., Ltd., which is listed lion dwt. order,” You said. on the Shanghai Stock Exchange) In addition to these two sites a furrecently changed its name to China ther seven planned shipyard sites or CHINESE YARDS GAIN CUSTOMERS Chinese shipyards have been gainState Shipbuilding Company. It is expansions are currently in construcunderstood that both the new Changx- tion and are actively marketing ing favor with ship onwers froom around the world. The accompanying table shows the major clients. One of those is Japan’s Nippon Yusen Kabushiki Kaisha (NYK), Tokyo, which took delivery this past April of the 175,000 dwt bulk carrier Ocean Crescent built by Shanghai Waigaoqiao Shipbuilding Co. Ltd., Shanghai, China. This new bulk carrier is the first vessel to have been ordered by NYK from a shipyard located in China. NYK has ordered three more of the same type of bulk carrier from Shanghai Waigaoqiao Shipbuilding, and has also ordered two 300,000 DWT bulk carriers and two VLCCs from Nantong Cosco KHI Engineering Co. Ltd. (one The 175,000 dwt bulk carrier Ocean Crescent was the first vessel ordered by NYK from a of the VLCCs was delivered in March. shipyard in China. It has since ordered seven more vessels from Chinese yards ML TOP CUSTOMERS AT CHINESE YARDS www.marinelog.com SEPTEMBER 2007 MARINE LOG 44B 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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