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Feature 1 | SHIPBUILDING IN CHINA


busy. New Century ranks as China’s fiſth largest shipbuilder and the world’s 13th largest in terms of orderbook measured by deadweight tonnage. While it built a reputation on its 92,500dwt bulkers, its 73,400dwt af ramaxes and i ts 163,000dwt suezmaxes, latterly it has enjoyed some success marketing its new 320,000dwt VLCCs, Greece’s Dynacom Tankers Management among those opting for this supertanker design. Also on the yard’s portfolio are 176,000dwt capesizes. One Chinese yard that is listed


in Singapore is Jiangsu Yangzijiang Shipbuilding, which is expanding fast. Its 93,000dwt bulker design has proved popular, as have its multipurpose ships of all shapes and sizes. Suggesting a very bright future


for the shipbuilding group, a Qatar sovereign wealth fund has emerged as the mystery investor in Yangzijiang. In April an unnamed Middle East investor agreed to subscribe to 83.5 million new shares in the Singapore-listed Chinese shipbuilder at S$1.29 (US$0.94) a share. It was revealed this summer that the investor in was none other than the Qatari sovereign fund, one of the world’s richest investment vehicles. At the end of June Yangzijiang


Shipbuilding grabbed a majority stake in Chinese rival Jiangsu Changbo Shipyard at a “compelling price”. Yangzijiang paid RMB51 million


(US$7.5 million) for a 51% holding in the Yangtze River yard and also committed to plough fresh capital into the business. Jiangsu Changbo has orders for


20 vessels in deals worth a collective US$338 million, Yangzijiang says. The orderbook stretches until the middle of 2012. Ren Yuanlin, CEO of Yangzijiang


Shipbuilding, said: “This recent acquisition will be a value-add for the Yangzijiang Group based on the compelling price of acquisition and on the yard’s strategic location and proximity to the group’s existing yards. “Moreover, this new yard will serve as


an alternative production area to our old yard in building small sized vessels.” Jiangsu Changbo is located only 5km


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downstream from Yangzijiang’s Jiangsu New Yangzi Shipbuilding yard on the Yangtze. Having started life as a repair yard in


1970, Jiangsu Changbo (which will be renamed Jiangsu Yangzijiang Changbo Shipbuilding) turned to shipbuilding in the 1990s. Handymax and supramax specialist


Jiangsu Hantong Ship Heavy Industry has diversified into constructing kamsarmax bulkers. The Sino-Korean-owned yard


announced this July it has bagged four 82,000dwt bulker order plus four options from a domestic owner. Jiangsu Hantong declined to reveal the identity of the buyer but says it is scheduled to deliver the first ship in May 2012. Sources familiar with Jiangsu Hantong


say the yard will be constructing the newbuildings at its new facility called Jiangsu New Hantong Ship Heavy Industry, which is also located in Zhenjiang city, Jiangsu province. It is in operation and rolled out its first vessel last year. With the new yard, Jiangsu Hantong is


aiming to deliver 18 vessels this year, as compared with 11 last year. Hantong made a name for itself by


becoming very adept at churning out supramaxes, the Dolphin-57 units, a design developed by Shanghai Merchant Ship Design & Research Institute (SDARI). Hantong is a modern, mid-sized


newbuilding and repair yard that was set up five years ago as a joint venture between a Korean investor and Nantong Ocean Water Construction Co Ltd. Facilities are being developed whereby the yard could be building ships of up to 300,000dwt soon.


Wuhan Wuchang Shipbuilding, located on the Yangtze river in Wuhan in Hubei province, specializes in chemical and product tankers as well as anchor handling tugs and supply vessels and heavy engineering projects. Chinese oil giant CNOOC is getting


Wuchang to build two especially high tech two anchor handing, tug and supply vessels. Te two UT788 CD deepwater vessels cost RMB1.4 billion (US$206.5 million) in total. The vessels measure


93.4m in length, 22m in width and 6.5m of water line with 29,000 HP of total propeller power. Qingshan Shipyard, part of China


Changjiang Shipbuilding Industry, also located in Wuhan is touting its 57,000dwt bulker design. Tese are the largest ships built in the central China area, made possible by extensive dredging of the Yangtze. The ship designed by Shanghai Ship


Research & Design Institute, is nearly 190 meters in length, 32.26m wide and 18m deep. Ships of this size would have been


impossible to build in Wuhan until very recently as the draſt of the Yangtze could not accommodate such vessels. A huge dredging effort, done in stages, from Shanghai all the way up to Chongqing is changing the face of Yangtze River traffic. Wuhan lies some 1100km along the Yangtze from the river’s estuary near Shanghai.


Chongqing It might lie close to 3000km to the coast but the world’s largest municipality, but Chongqing (population 32 million; size equivalent to Austria) is rapidly gaining a reputation for building decent ships. During January to May the gross


industrial output of Chongqing shipbuilding industry reached RMB6.5 billion (US$957 million), rising by 51.9%. Sinotrans, the state owned transport


giant, this April announced plans to spend RMB2 billion (US$295 million) in the city to build dozens of dry bulkers, small boxships, 800 unit ro-ros, chemical tankers and river cruise vessels, all in Chongqing. Among the more high tech ships


completed in the city of late was a small 8000dwt LPG carrier for a Shanghai owner built by Chongqing Jinlong Shipbuilding. Chongqing Dongfeng Shipbuilding,


owned by river shipping company China Changjiang National Shipping Corporation, is the city’s number one builder, specializing in chemical and product carriers of 5500dwt to 10,000dwt. It has just finished expanding the yard, whereby a new 530m long dock makes it possible to build eight vessels simultaneously. NA


The Naval Architect September 2010


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