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Chinese shipbuilding industry

This is a discussion on Chinese shipbuilding industry within the Navy forums, part of the China Defense & Military category; I thought I'd start a thread on the capabilities of the Chinese shipbuilding industry, start off with a piece of ...

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    Chinese shipbuilding industry

    I thought I'd start a thread on the capabilities of the Chinese shipbuilding industry, start off with a piece of news on JN shipyard.

    By Paul Tugwell
    Sept. 1 (Bloomberg) -- Dynacom Tankers Management, Greece's
    second-largest shipping company, will buy two crude oil tankers
    from China's Jiangnan Shipyard, shipbroker George Moundreas &
    Co. SA said.
    The vessels will each have a capacity of 296,000 deadweight
    tons and are scheduled to be delivered in 2009, Piraeus-based
    George Moundreas wrote in a monthly report today. Dynacom will
    pay about $110 million for each ship, the report said.
    Dynacom will also buy four dry cargo ships, each with a
    capacity of 73,000 deadweight tons, from China's New Times
    Shipbuilding Co. Ltd. for delivery in about 2010 for an unknown
    price, the report added.
    Dynacom, a closely held company based in Athens, operates
    34 vessels with a total of 5.7 million deadweight tons,
    Naftiliaki Greek Shipping Review said in July. Greece is the
    world's largest ship-owning country.
    Deadweight tons are a measure of a ship's capacity for
    carrying cargo, fuel and supplies.

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    Re: Chinese shipbuilding industry

    I guess this is the stated goal of the Chinese shipbuilding industry, to have 25% of world market and be tied for first with South Korea and Japan.
    http://english.people.com.cn/200609/...01_298659.html
    China's shipbuilding industry sees rapid growth
    font size ZoomIn ZoomOut

    China's shipbuilding industry continues to grow rapidly with shipbuilders getting new orders totaling 16.08 million deadweight tons in the first half of the year, a 113-percent rise over the same period last year, the National Development and Reform Commission (NDRC) said Thursday.

    The NDRC said shipbuilders hold total orders of 50.92 million deadweight tons in the first half of the year with an increase of 43 percent, accounting for 20 percent of the world's market share.

    The national Medium-and Long-Term Plan of the Shipbuilding Industry, which was approved in August by the State Council, the country's cabinet, said the industry should accelerate its restructuring and upgrading to become strong enough to drive the growth of related sectors.

    China's shipbuilding industry saw production reckoned by deadweight tonnage accounting for up to 17 percent of the world market in 2005.

    The plan stated that China needs to break the bottleneck of insufficient production capacity of auxiliary sectors and develop the ability to independently design high-technology ships and ocean engineering equipment.

    The plan said the production of the country's shipbuilding industry was expected to take more than 25 percent of the world market.
    Of course, the large oil tanker order from Venezuela a few days ago.
    http://www.todayonline.com/articles/138311.asp

    Venezuelan President Hugo Chavez is to meet his Chinese counterpart Hu Jintao after vowing a huge increase in oil exports to China that would scale back dependence on the US market.
    .
    Chavez, one of the world's most vocal critics of US President George W. Bush's administration, repeated his intention to make China one of Venezuela's biggest markets and lessen his nation's economic reliance on Washington.
    .
    "We will convert ourselves into one of the large oil exporters to the Chinese giant," Chavez told Venezuelan state television during his high-profile six-day visit with Chinese officials here.
    .
    "On the whole, production will increase in such a way that we will manage to export half a million crude barrels (a day to China) in the five next years," Chavez said.
    .
    Venezuela, the fifth biggest exporter of oil in the world, currently delivers 150,000 barrels per day to China, compared with 1.5 million barrels it exports to the United States.
    .
    Chavez said agreements would be signed with state-owned China National Petroleum Corp and China Petroleum and Chemical Corp (Sinopec) on Thursday to jointly exploit his country's oil-rich Orinoco region.
    .
    He said he was excited about building a strategic alliance with China and said the two nations were expected to sign nine agreements on Thursday when he meets with Hu.
    .
    "We are building the future. I am very heartened -- it is our fourth visit to China. Each visit is a step forward ... that is to say, a true alliance," he said.
    .
    Among the contracts expected to be signed are a deal to build 18 tankers to carry Venezuelan crude to China, and 12 drilling rigs to help Venezuela boost its production capacity.
    .
    Chavez's statements backed up his country's offer earlier this month to export between 500,000 and one million barrels of oil a day to China if it reached a goal of producing 5.8 million barrels of crude by 2012.
    .
    Chavez said that during the first day of his trip to China on Wednesday he had met with company officials from the telecommunications, oil tanker and building construction industries.
    .
    While Chavez looks to China as an alternative market to the United States, observers have said the arrangement is beneficial to Beijing because it wants to diversify its imports away from the volatile Middle East.
    .
    However some Chinese analysts have questioned whether the deal would be worth it, due to the higher costs associated with Venezuelan oil.
    .
    Aside from the extra expense of the long distance for shipping, Venezuelan crude is heavier than most of the Middle Eastern varieties, making it more costly to refine.
    .
    Venezuela meanwhile appears willing to accept a three-dollar discount per barrel of oil it exports to China caused by longer shipping times and increased insurance payments, according to analysts.
    .
    "It's a slightly higher cost on both sides but I also believe it's in the long-term interest of both countries to develop their relationship," said Mark Daniell, a Singapore-based oil analyst with consultancy Cuscaden Group.
    .
    As well as looking to broker energy deals, Chavez took time out on Wednesday to hail China's economic model as an alternative to the US capitalist approach.
    .
    Chavez praised China for being able, in less than half a century, to leave behind a "practically feudal" society and turn itself into one of the world's largest economies.
    .
    "It's an example for western leaders and governments that claim capitalism is the only alternative," he said.
    .
    "We've been manipulated to believe that the first man on the moon was the most important event of the 20th century.
    .
    "But no, much more important things happened, and one of the greatest events of the 20th century was the Chinese revolution."
    .
    Chavez was due to meet with Hu around 5:00 pm (0900 GMT) at the Great Hall of the People in Beijing.
    .
    After his six-day China trip, Chavez will travel to Malaysia and Angola. — AFP

    Venezuelan President Hugo Chavez is to meet his Chinese counterpart Hu Jintao after vowing a huge increase in oil exports to China that would scale back dependence on the US market.
    .
    Chavez, one of the world's most vocal critics of US President George W. Bush's administration, repeated his intention to make China one of Venezuela's biggest markets and lessen his nation's economic reliance on Washington.
    .
    "We will convert ourselves into one of the large oil exporters to the Chinese giant," Chavez told Venezuelan state television during his high-profile six-day visit with Chinese officials here.
    .
    "On the whole, production will increase in such a way that we will manage to export half a million crude barrels (a day to China) in the five next years," Chavez said.
    .
    Venezuela, the fifth biggest exporter of oil in the world, currently delivers 150,000 barrels per day to China, compared with 1.5 million barrels it exports to the United States.
    .
    Chavez said agreements would be signed with state-owned China National Petroleum Corp and China Petroleum and Chemical Corp (Sinopec) on Thursday to jointly exploit his country's oil-rich Orinoco region.
    .
    He said he was excited about building a strategic alliance with China and said the two nations were expected to sign nine agreements on Thursday when he meets with Hu.
    .
    "We are building the future. I am very heartened -- it is our fourth visit to China. Each visit is a step forward ... that is to say, a true alliance," he said.
    .
    Among the contracts expected to be signed are a deal to build 18 tankers to carry Venezuelan crude to China, and 12 drilling rigs to help Venezuela boost its production capacity.

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    Re: Chinese shipbuilding industry

    more news on Chinese shipbuilding industry
    China will establish three modern ship-building bases
    around Bohai Bay, at the mouth of the Changjiang and Pearl
    Rivers for the mid-and long-term development of the shipping
    industry.

    An official from the Commission of Science, Technology and
    Industry for National Defense said China's share of the
    world's ship-building industry has increased to 20 percent
    in 2005 from 6 percent in 2000. The output of
    domestically-produced ships ranks the third in the world
    for the eleventh consecutive year.
    looks like there will be even more future expansions.

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    Re: Chinese shipbuilding industry

    more news, I read today that the Koreans have 43% of all orders so far this year and China has 24% and Japan has 14% (maybe less). Anyhow, looks like Koreans are really pulling away

    Sept. 14 (Bloomberg) -- STX Shipbuilding Co., South Korea's
    seventh-largest shipbuilder, plans to spend a total of $84
    million with two affiliates to set up separate ventures that
    will make ship parts and build vessels in China.
    The shipbuilder will team up with STX Corp., which is the
    holding company of STX Group, to build ships, STX Shipbuilding,
    based in South Korea's Jinhae, Gyeongnam province, said in a
    regulatory filing today. With unlisted STX Heavy Industries Co.,
    the shipbuilder will produce blocks, which are structured
    parts made of steel plates used for the hull of ships, it said.
    STX Shipbuilding and other South Korean shipyards are
    expanding overseas to lower costs and increase capacity, as
    growing trade and higher oil prices are driving demand up for
    vessels. South Korea's shipyards, the largest in the world, have
    enough orders to keep them busy for more than three years.
    ``There has been a need for stable and efficient production
    of blocks because of the boom in the shipbuilding industry,''
    STX Shipbuilding said in a separate e-mailed statement today.
    ``There had been problems in securing land in South Korea to
    expand. With the China ventures, it will help the company
    greatly improve productivity and competitiveness.''

    Dalian Ventures

    STX Shipbuilding signed a preliminary agreement with the
    government of Dalian, in northeast China, for the ventures, the
    company said.
    It will pay for 40 percent of the $50 million investment
    for the shipbuilding facilities, while STX Corp. pays for the
    remainder. STX Shipbuilding has yet to decide on the capacity of
    the venture, which is expected to be completed by December 2008,
    it added.
    The shipbuilder will also invest 40 percent of $35 million
    for the plant that will build ship structures, while STX Heavy
    will invest the rest. The plant is expected to start operations
    by July 2008.
    STX Shipbuilding's requirement for blocks will increase 25
    percent every year from the current 450,000 tons and reach
    700,000 tons in 2008, increasing the need to secure stable
    supply for its shipbuilding operations, the company said.
    STX Shipbuilding specializes in vessels that carry chemical
    products. It also builds container ships and has an order
    backlog for 136 ships.
    Daewoo Shipbuilding & Marine Engineering Co. and Samsung
    Heavy Industries Co., the world's second- and third-largest
    shipyards, are also investing to build ship structures in China.
    Shares of STX Shipbuilding gained 3.2 percent in Seoul to
    close at 13,000 won. The stock has risen 42 percent this year,
    compared with a 1.5 percent fall in the benchmark Kospi index.
    STX Corp. shares advanced 1.3 percent to 11,800 won.

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    Re: Chinese shipbuilding industry

    looks like Jiangnan's relocation is proceeding quite nicely.
    http://english.people.com.cn/200609/...14_302852.html
    Shanghai to be world's largest shipbuilding base



    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.

    Dubbed "Project Hope", the Changxing Shipbuilding Base will accelerate the
    development of China's shipbuilding industry. It includes seven large boatyards
    and will have the capacity to manufacture 8-million-ton ships by 2015. This will
    help Shanghai to become the biggest shipbuilding location in the world.

    The base has received US$2.67 billion worth of orders for 38 ships weighing 6
    million tons, projects that will keep it busy until 2010.

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    Re: Chinese shipbuilding industry

    Greece is putting more orders in.
    By Paul Tugwell
    Sept. 19 (Bloomberg) -- Greece's Callimanopoulos Group, a
    closely-held shipping company, ordered six oil tankers for
    around $400 million from China's New Times Shipbuilding Co. Ltd.
    Three of the vessels each has a capacity of 163,000
    deadweight tons, and the remainder can carry 114,000 deadweight
    tons each, the Piraeus-based company's unit Marine Management
    Services said in an e-mailed statement today.
    The tankers, which are due to be delivered between the
    second-half of 2009 and the first-half of 2010, represent the
    biggest single order ever placed with New Times, Marine
    Management said. The order underlines the Callimanopoulos
    Group's intent to re-establish a significant presence in the
    tanker sector, the company said.
    The company had previously requested three tankers from the
    same shipyard which are expected to be delivered next year.
    Callimanopoulos had also ordered nine so-called offshore
    vessels in China for its Toisa Ltd. offshore unit. Four of these
    ships, which typically can support offshore construction
    projects or oil rigs, have been delivered and the remainder will
    arrive between now and early 2007, the company said.

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    Re: Chinese shipbuilding industry

    well, the South Koreans still are ruling the shipbuilding industry, but China is slowly catching up.
    Jan. 5, 2007 (China Knowledge) - Shanghai Waigaoqiao Shipbuilding Co. built 3.11
    million deadweight-tons (DWT) of ships last year, making it the world's
    eighth-largest shipyard.

    It was the first time a Chinese shipbuilder has surpassed the 3 million DWT
    output mark and joined the world's top 10 shipbuilding league table by output.

    The shipbuilder recorded a profit of RMB 1 billion in 2006, thanks to increased
    spending on production technology and innovation, which offset the rising costs
    associated with high steel and other material prices, the company said. It also
    has orders for more than 80 ships, totaling 14 million DWT and valued at about
    US$5 billion.

    China is now the world's third-biggest shipbuilder by output after Japan and
    South Korea. It built about 12 million DWT of ships in 2005, and has set the
    target of becoming the world's top shipyard by 2015, when the country is
    expected to build 24 million DWT of ships a year.

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    Re: Chinese shipbuilding industry

    a little bit on the expansion of the Chinese shipyards, in this case JN.
    长兴基地一号线翻身平台300吨起重机顺利吊装 ( 2007-01-08 )

    --------------------------------------------------------------------------------

      江南长兴基地一号线翻身平台300吨门式起重机经江南房产(总承包)公司与分包单位共同努力,日前已完 成行走机构、钢性腿、柔性腿和横梁等部件的制作和拼装,以及起吊用的搭架的拼装。为了全面确保吊装质量与安 全,该项目部人员加强现场的管理与监督,并做了大量起吊前的准备工作,还于2006年12月 21日下午组织召开了由各单位起重设备专家组成的专家组对300吨门式起重机吊装的技术方案、安全方案进行 了综合评审和实地检查,提出了进一步整改意见,并于12月26日成功试吊。 
    this is basically introducing the new 300 tonne crane at JN and its testing. Looks like JN is ready for more heavy lifting

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    Re: Chinese shipbuilding industry

    well, some more news on the shipbuilding industry, as said, China had almost 20% of the market last year in terms of dwt, they also got 24% of new orders.
    BEIJING, Jan 30, 2007 (Xinhua via COMTEX) -- The output of China's shipbuilding
    industry reached a record 14.52 million dwt in 2006, making up close to
    one-fifth of the global total for the same year, according to official
    statistics.

    The Commission of Science, Technology and Industry for National Defense (CSTIND)
    announced on Tuesday that the output of 2006 was 20 percent higher than that of
    the previous year.

    According to the CSTIND, China's top two shipbuilding giants, the China State
    Shipbuilding Corporation (CSSC) and the China Shipbuilding Industry Corporation
    (CSIC), reported annual output of 6.02 million dwt and 2.67 million dwt
    respectively. The rest of the market was covered by local shipbuilding
    companies.

    China's shipbuilding companies received new orders totaling 42.51 million dwt
    last year, bringing the total ship orders to 68.72 million dwt, or 24 percent of
    the global total.

    Last year was the 12th consecutive year that China ranked as the third largest
    shipbuilder in the world, following the Republic of Korea (ROK) and Japan. China
    has narrowed the distance behind the ROK and Japan in output in the past two
    years, according to the CSTIND.

    China is expected to become the world's biggest shipbuilder by 2015, said Chen
    Xiaojin, general manager of the CSSC.

    Zhang Guangqin, chairman of the China Association of National Shipbuilding
    Industry, said the output of large oil tankers accounted for 51 percent of
    China's total shipbuilding output last year.

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    Re: Chinese shipbuilding industry

    about Jiangnan's proposed move to the new location in Changxing.

    新江南总面积6平方公里 rYPir K
      昨天,在老办公大楼内,江南长兴筹备办公室高级工程师叶家鳌告诉记者:“随着时间的发展,由于黄浦江江 面和水深条件的限制,我们一直在酝酿江南造船厂的搬迁计划。2003年市府规划长兴岛8公里岸线,全部用于 中船集团公司系统内黄浦江沿岸船厂调整搬迁。”记者在该规划方案看见,一期工程规划江南长兴江岸线总长4公 里,从码头到腹地径深1.5公里,总面积为6平分公里。“按照船厂工艺流程,最好就是取1.5公里。目前江 南造船厂从其北门到江边还不足1公里,所以流程不畅。现在长兴基地是1.5公里,刚好是一个流 程布置!” sdKW`[H
    ec?z3a3@
    船坞可造超大型豪华邮轮 iqo"B#W
      据叶工程师介绍,长兴基地有3条生产线,1、2号线为民品生产线,3号线为军品生产线。1 号线共有2个船坞,1号船坞用于建造30万载重吨以上的超大型邮轮,年生产能力4艘;2号船坞用于生产17 .5万吨的散货船,年生产能力12艘。2号线也有2个船坞,3号船坞用于建造7000标准箱的大型集装箱船 ,年生产能力10艘;4号船坞用于建造大型液化天然气船,目前能建造这样高端产品的船厂还为数 不多
    basically, the new location is 6 km squar, it has 3 production line. Line 1 and 2 for civlian ships and 3rd for military product.

    2006-10-10 bgR0:6bD
      中船长兴造船基地3号线造船区工程已初步具备生产能力,于日前正式开工启用。3号线占地面积近100万 平方米,产业工人近3000名,目前已承接了10多艘化学品船的制造业务。3号线的投入生产,标志着中船长 兴造船基地建设取得了实质性成果。

    长兴三号线隆重举行首制船开工仪式

    9月26日上午10时,暖阳高照长兴,鼓乐齐鸣宝岛,江南造船(集团)公司在江南长兴造船基地三号线切割工 场举行了隆重的三号线首制船16400吨成品油/化学品船H2364开工仪式。此举标志着三号线已初步具备了生产能力,也标志着江南长兴造船基地建设取得了 阶段性成果。
      约翰·斯坦纳森为H2364船开工点火。当等离子切割机喷射出第一股蓝色火舌时,整个三号线 、整个江南长兴造船基地都为之沸腾。仪式在礼炮和彩花中推向高潮。 O'Qyps
      谭作钧和约翰·斯坦纳森还在开工仪式上互相交换了纪念品。 2_>JtV|
      10点30分,历时半个小时的三号线首制船H2364开工仪式落下帷幕。作为浓墨重彩的一页,H236 4船的开工仪式写下了新的篇章,奏响了江南长兴三号线试生产的序曲,必将载入江南长兴未来的史册 。
    talking about line 3 (the military production line) officially starting work, I wonder what it's working on.



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    Re: Chinese shipbuilding industry

    well, I guess this is more success for China in the shipbuilding area
    March 20 (Bloomberg) -- Chinese shipyards gained the
    biggest share of dry-bulk commodity ship orders for the first
    time in at least a decade, shipbroker Clarkson Plc said.
    Orders with Chinese shipbuilders for vessels that carry
    commodities such as coal and iron ore will outpace Japan in the
    first quarter, said Clarkson, the world's biggest shipbroker.
    The shipyards have attracted orders for 98 vessels with a
    combined deadweight capacity of 8.7 million tons so far in 2007.
    Orders will rise 48 percent this year, according to Clarkson.
    ``Looking back over the last 10 years this is the first
    time China has been ahead,'' Christian Waldegrave, an analyst at
    the London-based shipbroker, said in a telephone interview
    yesterday. ``China has a lot of capacity as they're opening new
    yards and expanding current ones, and they're hungry for
    orders.''
    Japanese shipyards may be fully booked, Waldegrave said.
    ``There is a often a delay in the reporting of contracts at
    Japanese yards, so the size of their order book and recent
    contracting activity may be higher,'' he added.
    China is building more shipyards as it aims to overtake
    South Korea to become the world's biggest producer for all ship
    classes by 2015.
    ``Korean yards have been concentrating more on container
    ships, oil tankers and LNG carriers because they have a higher
    value, though they may consider capesizes at current prices,''
    Waldegrave said.
    Capesizes are the largest type of ship used to carry dry-
    bulk, while LNG carriers transport liquefied natural gas.
    Also, this is about the new shipyard in Changxin, looks like it will be completed soon and ready for both civilian and military shipbuilding. Also, it mentions that China overtook Japan as the country with the 2nd most number of orders for the first 9 months of 2006. Also, I read a while back that in January China had more orders than South Korea in a month for the first time in its history.
    March 19 (Bloomberg) -- Baosteel Group Corp., China's
    biggest steelmaker, will buy a 35 percent stake in the country's
    largest shipyard, currently under construction.
    China State Shipbuilding Corp. will hold the remaining 65
    percent stake in the 10 billion yuan ($1.3 billion) Changxing
    shipyard in Shanghai, Baosteel said in a statement on its Web
    site today.
    China is building more shipyards as it aims to overtake
    South Korea as the world's biggest producer by 2015. Chinese
    shipbuilders produced 14.52 million deadweight tons of vessels
    last year, about a fifth of the world's total and 20 percent more
    than in 2005, state-run Xinhua News Agency reported on Jan. 31.
    The shipyard will be completed in May, with four dry docks
    and capacity to assemble 4.5 million deadweight tons of vessels,
    Shanghai-based Baosteel said. The yard has received orders of
    more than 7 million deadweight tons of vessels, it said.
    Orders for China's shipbuilders climbed to a record 9.4
    million compensated gross tons of in the first nine months of
    2006, more than the 8.6 million for Japan and about half the 17.3
    million for South Korea, according to the Shipbuilders'
    Association of Japan, which used figures from Lloyd's World
    Shipbuilding Statistics.
    Compensated gross tons are a measure of ship size, and the
    time required and materials used for production.
    China's shipbuilding industry produced 172 billion yuan ($22
    billion) of ships last year and made 9.6 billion yuan in profit,
    Xinhua reported on Jan. 31. Exports by the Chinese yards jumped
    74 percent to $8.1 billion, the agency said.

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    Re: Chinese shipbuilding industry

    Having a second nuclear sub yard would improve sub construction turnover, but most shipyard capacity is geared to civil construction.

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    Re: Chinese shipbuilding industry

    Sorry, but I didn't see anything about engine, especially CODAG.

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    Re: Chinese shipbuilding industry

    Chinese shipbuilding industry is taking the lead in receiving orders in the
    global market for three consecutive months, boosted by a brisk bulk ship
    market, Clarkson, a London-based researcher specialized in the shipbuilding and
    shipping market analysis, said on Tuesday.
    According to Clarkson on April 17, Chinese shipbuilders posted 6 million CGT
    (Compensated Gross Tonnage) in orders as of the end of March, which was 1.5-
    fold of that scored by Korean shipbuilders (4.4 million CGT).
    However, the gap between the Chinese and the Korean shipbuilders in received
    orders was revealed to have been narrowed last month, from 1.4 million CGT in
    January and 1.8 million CGT in February to 1.6 million CGT in March.
    Such strides of Chinese shipbuilders in the global market was largely due to
    the increasing volume of goods transported across countries, hence raising bulk
    shipbuilding orders worldwide, which totaled 215 units as of the end of last
    month, a 65 percent year-on-year increase.
    The situation turned out to be favorable particularly for Chinese
    shipbuilders, who mainly focus on bulk shipbuilding, as much as over 40 percent
    of the total orders they normally receive.
    On the other hand, Korea's major shipbuilders are not keen on bulk
    shipbuilding yet, except that Daewoo Shipbuilding & Marine Engineering has
    accepted orders of four capesize bulk carriers recently.
    Currently, Korean shipbuilders have secured orders for the next three years,
    amid a brisk growth of the world shipbuilding market.
    more on the success of Chinese shipbuilding. They are still maintaining their order lead for this year. Although, the problem is that they are still in the low part of the value chain. But I think they are moving up with LNGs.
    April 17 (Bloomberg) -- Frontline Ltd., the world's biggest
    oil-tanker company by capacity, ordered two crude oil-carrying
    vessels from Chinese shipbuilder Jiangsu Rongsheng Heavy
    Industries Group Co. Ltd.
    Each will be able to haul 1 million-barrel cargoes of oil.
    They are due for delivery in 2010, Hamilton, Bermuda-based
    Frontline said in a statement to the Oslo Stock Exchange today,
    without disclosing their price.
    The cost such carriers, known as suezmaxes because they are
    the largest capable of passing through Egypt's Suez canal, is
    about $80 million each, according to Oslo-based shipbrokers
    Fearnleys AS.
    The company made an average of $31,200 a day from hiring
    out each of its suezmaxes in the fourth quarter of last year,
    Frontline said on Feb. 27. It has eight ships on order,
    including the pair announced today.

  15. #15
    Violet Oboe is offline Member
    Join Date
    Jul 2006
    Posts
    463

    Re: Chinese shipbuilding industry

    @tphuang: great posting in this very informative thread, please keep it up!

    The awesome developments in civilian shipbuilding are a reminder of how far chinese industry has come in only 15 years. During the mid 90's China built around 1 million dwt of mostly coastal bulk carriers of primitive design and even in volume mainland yards produced only slightly more than competitors like Germany and Taiwan.

    Today China is already number three with a production of 14.5 million dwt in '06 and if the trends of order acquisition are kept up China's yards could be number one in '08 with roughly 20 million dwt output.


    Quite a few people on this forum are frank with their persistent doubts about what China cannot achieve and in what things China will inevitably fail under all circumstances. Knowing only a little about chinese people and chinese history they should know better!

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