In-depth | CHINA SHIP NEWS
A slew of mid-sized shipbuilders with fine market positioning for products, accurate market segmentation and product specialisation have emerged. Among these yards are Guangzhou
Private yards such as Rongsheng may have a significant role to play when the global economy starts to grow
markets. China’s ship exports to Asia
totalled US$8.8 billion, making up 52.6% of the total ship export value. Ship exports to Europe amounted to US$3.07 billion in that period, occupying 18.4% of the total ship export amount. Income from core businesses continues
to grow: In the first five months this year, the shipbuilding industry, including only firms of a designated size, in China achieved income from their core businesses of RMB264.0 billion (US$41.87 billion), a growth of 5.3% from the same period of last year. Of which the shipbuilding sector made RMB194.1 billion (US$30.79 billion), representing a year-on-year increase of 0.5%; the ship accessories sector made RMB40.8 billion (US$6.47 billion), up 29.2% year-on- year and the ship repair sector made RMB5.48 billion (US$869million), up 2.2% year-on-year. Total profits see a year-on-year decline:
In the first five months of this year, China’s shipbuilding industry with a turnover of RMB20 million (US$3.17 million) and over earned profits of RMB12.6 billion (US$2 billion) in total, a fall of 27% from the same period last year. Within this figure the shipbuilding sector earned profits of RMB10.3 billion (US$1.63 billion), down 32.3% year-on-year; the ship accessories sector earned profit of RMB1.55 billion (US$245 million), 5.4% lower than the same
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period in 2011 and the ship repair sector lost RMB24 million (US$3.8 million), earning RMB4.28 million (US$679,000 million) less than the same period last year.
The characteristics of Economic Operations Shipbuilding completion volumes reached new highs; in the first half of 2012, China’s shipbuilding enterprises tackled various challenges proactively to ensure smooth deliveries of vessels and to improve their companies’ resilience. According to shipbroker Clarkson’s’
statistics, based on dwt, the market shares of China in terms of ship completion volumes in the first six months, newly received orders in the first six months, and orders on hand as at the end of June reached 40.7%, 40.8% and 42.3% respectively in the international market. Based on compensated gross tonnage, China’s market share in terms of the three aspects above all exceeded 35%. The country managed to maintain a relatively high market share even during the downturn in the international shipping market. Te structural reshuffle proved effective;
fine market positioning achieved via market segmentation. In the first half of 2012, shipbuilding enterprises accelerated restructuring and operational reshuffles in order to adapt to rapid market changes.
Shipyard International Company Limited which has contracted with a Swedish shipowner to build a series of specially- designed IMO Type II 50,000dwt chemical/product oil tankers; Sinopacific Offshore & Engineering Co Ltd which has won LPG tanker orders amounting to more than one-third of the orders in the international market and orders for liquid tanks that ranked no.1 in the world; Fujian Shipbuilding Industry Group Corp which received orders for 24 offshore engineering vessels and its related company Xiamen Shipbuilding Industry Co Ltd which was about to build a 100,000gt luxury cruise ship; and Shandong’s Huanghai Shipbuilding Co Ltd which has received orders for various types of deep sea fishing vessels. Scientific research bolsters innovation:
Te 3,000m deepwater semi-submersible oil rig “Marine Oil 981”, designed by China State Shipbuilding Corp’s Marine Design & Research Institute of China (MARIC) and built by Shanghai Waigaoqiao Shipbuilding Company Limited, has successfully commenced its drilling mission in the South China Sea, marking a significant scientific achievement during China’s 11th Five-year Plan period (2006-2010) and setting a new milestone of China’s marine engineering design and construction capability. Te aerospace survey ships Yuanwang-
3, Yuanwang-5 and Yuanwang-6 designed by MARIC and constructed by Jiangnan Shipyard (Group) Co Ltd have accurately monitored the docking of manned spaceship “Shenzhou IX” with space lab module Tiangong-1. The manned deep-sea research
submersible Jiaolong designed by a subsidiary of
Industry Corporation has
the China Shipbuilding reached a
depth of 7,062m in the Mariana Trench, marking a major breakthrough of China’s technology in the construction of manned submersibles and showing that the country’s marine technology has reached an advanced level in the international arena. Tese achievements are important
The Naval Architect October 2012
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