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Shipbuilding and Repair Industry - Global Outlook Product Image

Shipbuilding and Repair Industry - Global Outlook

  • ID: 1084176
  • January 2012
  • Region: Global
  • 281 Pages
  • Global Industry Analysts, Inc

The global outlook series on Shipbuilding and Repair Industry provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers a bird's eye view of the industry, highlights latest market trends, and demand drivers, in addition to providing statistical insights into the current global shipbuilding and repair industry. Discussion on the industry's most noteworthy regional markets, South Korea, Japan, and China, are amply detailed with unbiased research commentary and punctuated with 93 information rich market data tables designed to provide the reader a rudimentary understanding of the prevailing market climate.

Other markets briefly synopsized to offer the reader a prelude to regional dynamics, include Vietnam, Singapore, Malaysia, Australia, Europe, United States, South Africa, Bangladesh, Brazil, Greece, Taiwan, Philippines, Canada, and the Middle East. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of 350 companies active in the market.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks.

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SHIPBUILDING AND REPAIR INDUSTRY

A GLOBAL OUTLOOK, JANUARY 2012

CONTENTS

1. MARKET OUTLOOK 1
Global Shipbuilding Industry Cruising Ahead, Post Recession 1
Table 1: World New Shipbuilding Order Receipts by Country:
2004-2010 (In Terms of Number of Ships) 2

Table 2: Market Share Mix of World New Shipbuilding Order
Receipts by Country: 2004, 2006, 2008 & 2010 (in Terms of
Number of Ships) 3

Table 3: World New Shipbuilding Order Receipts by Country:
2004-2010 (In Terms of Gross Tonnage) 4

Table 4: Market Share Mix of World New Shipbuilding Order
Receipts by Country: 2004, 2006, 2008 & 2010 (in Terms of
Gross Tonnage) 5

Table 5: Global New Shipbuilding Orders by Ship Type (2011):
Percentage Breakdown of New Orders for Containerships, Bulk
Carriers, LNG Carriers and Tankers 5
Table 6: World New Shipbuilding Orderbook Status by Country:
2004-2010 (in Terms of Number of Ships) 6
Table 7: Market Share Mix of World Shipbuilding Orderbook
Status by Country: 2004, 2007 & 2010 (in Terms of Number of
Ships) 7

Table 8: World Shipbuilding Orderbook Status by Country:
2004-2010 (In Gross Tonnage) 8

Table 9: Market Share Mix of World Shipbuilding Orderbook
Status by Country: 2004, 2007 & 2010 (in Terms of Gross
Tonnage) 9
Shipbuilding Industry on the Recovery Path, Overcapacity Persists 9
Major Global Shipyards 10
Table 10: Leading Global Shipyards by Order Book in Number of
Ships: 2009 10
Table 11: Leading Global Shipyards by Order Book in ‘000CGT:
2009 11

2. MARKET DYNAMICS 12
Shipbuilding Industry Dynamics - A Gauge for Global Seaborne
Trade 12
Recent Market Trends - A Regional Perspective 12
China and Korea Compete for Global Dominance 12
Table 12: A Comparison of New Shipbuilding Orders for Korea
and China: 2004-2011 13
Table 13: Cost Competitiveness of Chinese and Korean
Shipbuilding Industries 14
Shipbuilders Race for Patents As Competition Intensifies 14
Multiple Factors Behind the Flurry of Patents 15
Korea Reemerges as World Leader in Shipbuilding 15
Table 14: World New Shipbuilding Orders for Container
Vessels in Volume Terms (TEU): 2008-2011 16

Table 15: World New Shipbuilding Orders for Tankers in
Volume Terms (DWT): 2008-2011 16

Table 16: World New Shipbuilding Orders for Bulk Carriers in
Volume Terms (DWT): 2008-2011 17
Korean Shipbuilders Dominate Mega-Size Containership Segment 17
Korea Outshines China in Tonnage Contracts 17
Table 17: A Comparison of New Shipbuilding Order Intake in
2011 (1st Half) Across Korea, China and Japan 18
China Stills Leads in Number of Ships Built 18
Developing Nations Foray Into the Shipbuilding League 19
Table 18: India, Philippines, Brazil, and Vietnam Witness
Increasing Shipbuilding Orders 19
Shipping Companies Eye Investments in Shipyards 20
Arabian Gulf Remains Most Resilient to the Financial Crisis 20
Trends in the Global Shibuilding and Repair Industry: A
Segmental Perspective 20
Table 19: Global New Shipbuilding Orders by Type of Ship
(2011): Percentage Breakdown of New Orders for
Containerships, Bulk Carriers, LNG Carriers and Tankers 20

Table 20: World Merchant Fleet by Ship Type in Terms of
Number of Ships: 2000-2009 21

Table 21: World Merchant Fleet by Ship Type in Volume Terms
(Million GT): 2000-2009 22
Large Vessels Gain Immense Popularity 22
Orders for Container Ships Keep Shipyards Busy 23
Limited Orders Force Small-Ship Builders to Restructure 23
Bulk Shipping Continues to Show Lethargy 23
Bigger and Sophisticated Ships - A New Trend 24
Supportive Environment Puts Containerships Ahead of Bulkers 24
Mega-Size Ships to Dominate Container Ship Demand 24
The Rising Emphasis on Green Shipping 25
Growth in Offshore Segment to Gain Momentum 25
OSV Segment Battles Excess Capacity Woes 25
Industry Requires High Growth in Demand to Absorb Idling
Capacity 26
Deepwater Activity Holds Potential in the Medium to Long Term 26
The Road Ahead for Shipbuilding 26
Diversification is the New In-Thing 27
Tanker Market Bodes Brighter Prospects 27
Issues Galore - Both Positive and Negative 27
Table 22: World Order Book for Tankers by Segment in Terms
of Number of Ships:2011 28

Table 23: World Order Book for Tankers by Segment in Volume
Terms (DWT): 2011 28

Table 24: World Order Book for Bulk Carriers by Segment in
Terms of Number of Ships: 2011 29

Table 25: World Order Book for Bulk Carriers by Segment in
Volume Terms (DWT): 2011 29

Table 26: World Order Book for Container Vessels by Segment
in Terms of Number of Ships: 2011 29

Table 27: World Order Book for Container Vessels by Segment
in Volume Terms (TEU): 2011 30

Table 28: World New Shipbuilding Order Market Shares by Ship
Type in Volume Terms (DWT): 2010 30

Table 29: Global Drill Ship Market by Company (2010):
Percentage Breakdown of New Orders for Samsung Heavy
Industries, Daewoo Shipbuilding & Marine Engineering,
Hyundai Heavy Industries, STX, Keppel, and Cosco Dalian 30
Other Trends 31
Ship Breaking and Scrapping Industry 31
Concerns Faced by the Ship Scrapping Industry 31

3. THE IMPACT GLOBAL ECONOMIC RECESSION HAD ON THE SHIPBUILDING
INDUSTRY - AN INSIGHT 32
Recession Scars the Global Shipbuilding and Repair Industry 32
Leading Regional Markets Succumb to Recession 33
Global Credits Crunch Worsened the Impact of Economic Slowdown 33
Order Cancellations - Instrumental for “Correction” in the Market 33
Impact of the Economic Slowdown: Analysis by End Use Segments 34
Container Shipping Companies - The Worst Hit of the Lot 34
High Optimism - A Key Factor Having Led to the Market Downfall 34
Tanker Market 35
Tanker Market Plunged in Crisis, Albeit to a Lesser Extent 35
Dry Bulk Shipping Market 35
Bulk Rate Reprisal - A Passing Cloud 35
Companies Jarred with Market Slump 36
Steel Plate Prices 36

4. INDUSTRY OVERVIEW 37
Global Shipbuilding Industry - A Spotlight 37
What Drives Demand for New Ships? 38
Historical Development of Global Shipbuilding Industry 38
2000 to 2007, The Period of Upswing in the Global Shipbuilding
Industry 39
Increasing World Trade - Key Driver of Growth 39
New Regulations Spurred Fleet Replacement 40
Container Vessels, and Product and Bulk Carriers Led the
Demand Growth 40
Asia Leads the Shipbuilding Industry 40
Table 30: World Shipbuilding Completions by Country:
2004-2010 (in Terms of Number of Ships) 41

Table 31: Market Share Mix of World Shipbuilding Completions
by Country: 2004, 2006, 2008 & 2010 (in Terms of Number of
Ships) 42
Table 32: World Shipbuilding Completions by Country: 2004-
2010 (in Gross Tonnage) 43
Table 33: Market Share Mix of World Shipbuilding Completions
by Country: 2004, 2006, 2008 & 2010 (in Terms of Gross
Tonnage) 44

Table 34: World Shipbuilding Completions by Ship Type:
2004-2009 (In Terms of Number of Ships) 45

Table 35: World Shipbuilding Completions by Ship Type (A
Historic Perspective): 1994-2003 (In Terms of Number of
Ships) 46

Table 36: World Shipbuilding Completions by Ship Type:
2004-2009 (In Gross Tonnage) 47

Table 37: World Shipbuilding Completions by Ship Type (A
Historic Perspective): 1994-2003 (In Gross Tonnage) 48

5. GLOBAL MILITARY SHIPBUILDING SECTOR: AN OVERVIEW 49
United States 49
China 49
Russia 49
Asia 49
Japan 50
Other Major Markets 50

6. SHIPBUILDING: A BRIEF ON VARIOUS SHIP TYPES 51
Market Segmentation 51
Bulk Cargo Carriers 51
Dry Bulk Carriers 51
Types of Bulk Carriers by Size 51
Tankers 51
Types of Tanker Ships by Size 51
Container Vessels 52
Types of Container Vessels by Size (in Twenty-foot
Equivalent Unit (TEU) 52
Other Cargo Ships 52
LPG Tanker 52
Chemical Tanker 52
RORO (roll on roll off) 52
Ferry 53
Niche Category 53
LNG Carriers 53
Cruise 53
Small Ships 53
Measurement Units 53
Gross Tonnage 54
Dead Weight Tonnage (DWT) 54
Compensated Gross Tonnage 54
TEU (Twenty-foot Equivalent Unit) 54

7. M&A ACTIVITY IN THE SHIPBUILDING INDUSTRY 55
Hilco and Maynards Acquire OSS (Denmark/Germany/UK) 55
Vigor Industrial Snaps Up Todd Shipyards (US) 55
SPP Plants & Shipbuilding Merges into SPP Shipbuilding (South
Korea) 55
STX Europe to Divest Stake in STX OSV (Singapore) 56
Vilmaris Acquires Container Vessel from TCSHI (Germany) 56
Northrop Grumman to Spin Off HHI to Shareholders (US) 56
Vigor Industrial Acquires Todd Shipyards (US) 56
Yangzijiang Shipbuilding Takes Over Jiangsu Zhongzhou (China) 56
BAE Systems Snaps Up Atlantic Marine (UK/US) 56
USC and STX Finland Take Over Arctech Helsinki Shipyard (
Finland/Russia) 57
Daewoo Shipbuilding Buys Stake in Paenal (Angola) 57
United Shipbuilding Acquires Stake in STX Europe (Europe) 57
Bharati Shipyard to Take Over Equity Stake in Temba Shipyard
(India) 58
DCNS and United Shipbuilding to Establish Joint Venture (
France/Russia) 58
European Commission Authorizes Merger of Abu Dhabi MAR with
ThyssenKrupp Marine Systems (Europe) 58
NGV Tech to Take Over Stake in TKS (Malaysia/South Korea) 58
Kakinada Seaports and Sembawang Shipyard to Form Joint Venture
(India) 58
Grand China Logistics to Take Over Interests in Zhoushan
Jihaiwan Shipyard (China) 59
Mitsubishi Heavy Industries Inks Takeover Agreement with
Maintenance Partners (Belgium) 59
VT Group to Divest Interests in BVT Surface Fleet (England) 59
China International Marine Containers Acquires Stake in Yantai
Raffles 59
POSCO to Acquire Daewoo Shipbuilding & Marine Engineering 60
Marathon Merges with Global Ship Lease 60
FLC West Acquires Stake in Three Shipyards of Aker Yards 60
The Carlyle Group Acquires Stake in TVK Shipyard 60
Kellet & Singleton Investments Acquires Stake in Scan-Trans
Middle East & South Asia Holding 61
Wartsila Takes Over Vik-Sandvik 61
Samsung Heavy Industries Buys Stake in Estaleiro Atlantico Sul 61
French Government Acquires Stake in Chantiers de l'Atlantique
de Saint-Nazaire Shipyards 61
Crowley Maritime Acquires Jensen Maritime Consultants 61
IHI Corp and JFE Holdings to Merge Shipbuilding Units 62
Todd Shipyards Acquires Everette Shipyard 62
JFE Holdings to Acquire Additional Stake in Universal
Shipbuilding 62
Private Equity Companies Acquire Stake in Pipavav Shipyard 62
Northrop Grumman to Merge Shipbuilding Divisions 62
Shanghai Waigaoqiao Shipbuilding to Acquire Stake in Jiangnan
Changxing Shipbuilding Base 63
Martifer Energy Systems Purchases Navalria 63
Damen Acquires Stake in Albwardy Marine Engineering 63
OJSC Kherson Shipyard to Purchase Stake in Black Sea Shipyard 63
Wonson International Holdings to Acquire Jianxi Jianzhou Shipyard 63
SembCorp Marine to Purchase Stake in Pipavav Shipyard 64
STX Shipbuilding Acquires Stake in Aker Yards 64
ISD Polska to Purchase Stake in Gdansk Shipyard 64
American Commercial Lines Purchases Elliott Bay Design Group 64
Titan Petrochemicals to Purchase Titan Oil's Shipyard 64
Swiber Purchases North Shipyard 65
BLRT Group Buys Turku Repair Yard 65
ABG Shipyard to Purchase Vipul Shipyard 65
Pipavav Shipyard to Purchase a Major Stake in Trinity Capital 65
BAE Systems and VT Group to Merge Shipyards 66
Modec Purchases Floating System Business of FMC Technologies 66
SGS Buys SRS Tech 66
TECO Coating Services Purchases Stake in Davie Shipyard 66
Foss Maritime Acquires Harbor Marine Group 66
Integra to Acquire JSC 66
J.F Lehman & Company Takes Over Atlantic Marine Holding Company 67
Aker Yards Acquires Kleven Design and Kleven Florø 67
Mitsui Meehanite Metal to Merge with Sanzo Metal 67
Litana ir Ko Purchases a Ship Repair Yard in Kaliningrad 67

A REGIONAL MARKET PERSPECTIVE 68

1. SOUTH KOREA - THE WORLD'S LARGEST SHIPBUILDING MARKET 68
Korea Climbs to the Top in the World Shipbuilding Industry, Again 68
Table 38: South Korean New Shipbuilding Orders, Order Book,
and Completions In Terms of Number of Ships: 2004-2010 68

Table 39: South Korean New Shipbuilding Orders, Order Book,
and Completions in Volume Terms: 2004-2010 69
Strong First Half Performance Reinstates Korea's Global
Dominance 69
Table 40: New Shipbuilding Order Intake in 2011 (1st Half):
Korea Vs. China 69
Container and High Value Ships Bring Back the Lost Glory 70
Table 41: Korean New Shipbuilding Orderbook Status by Ship
Type in Terms of Number of Ships: 2010 70

Table 42: Korean New Shipbuilding Orderbook Status by Ship
Type in Volume Terms (GT): 2010 71
Table 43: Korean New Shipbuilding Order Book by Domicile of
Ship Owners in Volume Terms (GT): 2010 71
Technological Edge to Enable Korea Sweep Drill Ship Contracts 72
Korean Shipbuilding Industry Enjoys Strong Growth 72
Historic Development of the South Korean Shipbuilding Industry 72
Korean Shipbuilding Industry Witnesses Substantial Restructuring 73
Korean Shipbuilding Industry Accentuates on Mutual Support
among Shipyard Operators 73
Competition 73
Samsung Spearheads New-Order Momentum 73
Table 44: New Shipbuilding Orders for Leading Korean
Shipbuilders in US$ Billion Through First Half 2011 74

Table 45: New Shipbuilding Orders for Leading Korean
Shipbuilders in US$ Billion: 2007-2010 75
Volatile Steel Prices Curb Profitability 75
The Korean Big Three Overwhelmed with High LNG Carrier Demand 76
Table 46: World LNG Carrier Orderbook by Country (2011):
Market Share Breakdown of Orderbook Status for Korea, China,
Japan and Germany 76

Table 47: Global LNG Carrier Market by Company (2011):
Market Share Breakdown of Orderbook Status for Samsung Heavy
Industries, Daewoo Shipbuilding & Marine, Engineering,
Hudong Zhonghua, Dingheng Jiangsu, Taizhou Wuzhou and Others 76

2. CHINA - A MAJOR POWER TO RECKON WITH IN SHIPBUILDING INDUSTRY 77
Chinese Shipbuilding Industry Surmounts Recessionary Woes 77
Table 48: Chinese New Shipbuilding Orders, Order Book and
Completions in Terms of Number of Ships: 2004-2010 77

Table 49: Chinese New Shipbuilding Orders, Order Book and
Completions in Volume Terms: 2004-2010 78

Table 50: Shipbuilding Industry Fact file (China Vs. Global)
- 2009 & 2010 78
China's Rapid Ascend in the Global Shipbuilding Industry 79
Chinese Reliance on Bulk Carriers Continues 79
Table 51: Chinese New Shipbuilding Order Book by Ship Type in
Terms of Number of Ships: 2010 80
Table 52: Chinese New Shipbuilding Order Book by Ship Type in
Volume Terms (GT): 2010 80
Table 53: Chinese New Shipbuilding Order Book by Domicile of
Ship Owners in Volume Terms (GT): 2010 81
Market Situation in China Favors Further Growth 81
Stimulus Package to Aid Long-Term Sustenance of the Industry 82
Need to Restructure Shipbuilding Capabilities 82
Chinese Shipbuilding Industry Eyes Growth Through Technology
Advancements 82
High Reliance on Traditional Ship Types Impeding Growth 83
Chinese Ship Building: A Segment-wise Overview 83
Chinese Bulk Carriers Segment Surges Ahead 83
Evolution of the Chinese Shipbuilding Industry 83
An Overview 84
China State Shipbuilding Corporation (CSSC): China's Largest
Shipbuilding SOE 84
CSSC: Select Businesses 85
Table 54: CSSC Annual Revenue by Business Area (2009) 85
Structural Re-organization of CSSC, Formation of CSIC 85
China Shipbuilding Industry Corporation (CSIC) 86
CSIC: Major Businesses 86
Major Competitive Advantages 87
Table 55: Average Cost of Labor at Ship Yards by Country 87
Table 56: Leading Chinese Shipbuilding Companies by
Capacity (In Thousand DWT) (2009) 88
Threats 89
Tanker Shipbuilding Sector in China 89
Action Plan for the Chinese Shipbuilding Industry 89
The Chinese Ship Repairing Industry 89
Impact of Recession 89
Outlook 90
Chinese Ship Repairing Industry Fact file - 2008 90
Opportunities 90
Deadline for the Monoshell Oil Tankers: A boost for the
Ship Repairing Industry 91
Marine Engineering Vessels: An Emerging Segment 91
Threats 91
The Financial Crises Bug 91

3. JAPAN - THE ERSTWHILE LEADER IN SHIPBUILDING INDUSTRY 92
Japanese Order Book Remains Relatively Strong Amid Global
Meltdown 92
Table 57: Japanese New Shipbuilding Orders, Order Book and
Completions: 2004-2010 (In Terms of Number of Ships) 92

Table 58: Japanese New Shipbuilding Orders, Order Book and
Completions: 2004-2010 (in Volume Terms) 93

Table 59: Japanese New Shipbuilding Order Book by Ship Type
in Terms of Number of Ships: 2010 93

Table 60: Japanese New Shipbuilding Order Book by Ship Type
in Volume Terms (GT): 2010 94

Table 61: Japanese New Shipbuilding Order Book by Domicile of
Ship Owners in Volume Terms (GT): 2010 94

Table 62: Japanese Export Orders by Ship Type (Number of
Orders) 95

Table 63: Japanese Export Orders by Ship Type in Gross
Tonnage (GT) (2009-2011) 95
New Shipbuilding Orders Yet to Reach Pre-recessionary Levels 96
Japanese Players Embarked Technology Upgrades 96

4. INDIA 97
Table 64: Indian New Shipbuilding Orders and Orderbook Status-
2004-2010 97
Structure of the Indian Shipbuilding Industry 97
Table 65: Select Indian Shipbuilding Yards by Capacity (in
DWT): 2008 98
Growth Prospects Aplenty for the Indian Ship Building Industry 99
Exports Capture Major Share 99
Table 66: Indian Domestic and Export Orders by Ship Segment -
2009 100
Indian Government Plans to Restructure Ship Repair Industry 100
Factors Favoring the Growth of Indian Shipbuilding Industry 101
Strong Government Backing Augurs High Growth 101
Lower Labor Cost - A Strategic Advantage for India 101
Earlier Time Slots - Providing Competitive Edge 101
Older Fleet to Drive Growth in Domestic Market 102
Expertise in OSV - Reaping High Returns 102
Foray into Production of Large Vessels - Essential for
Enhancing Competitiveness 102
Productivity At Par With China 102
Table 67: Comparison of Indian and Chinese Shipbuilding Sectors 103
Factors Limiting Market Growth 103
Shortage of Deep Draft Water Space - A Major Bottleneck to
the Industry 103
Need for Improvement in the Indian Shipbuilding Industry 103

5. VIETNAM 105
Shipbuilding Industry in Vietnam on the Verge of Recovery Post
Recession 105
Table 68: Vietnam Orderbook Status (2004-2010) 106
Inherent Drawbacks Hinder Growth Potential 106

6. SINGAPORE 107
Singapore Remains the Leading Global Maritime Center Despite
of Recession 107
Hydrocarbon Related Shipping Continues to Drive Singaporean
Shipping Industry 107
Table 69: Singapore Shipbuilding Orderbook Status,
Shipbuilding Completions (2004-2010) 108

7. MALAYSIA 109

8. AUSTRALIA 110
Superior Technology and Novelty in Design Driving the Industry 110
Focus on Niche Segments Offers Huge Export Potential 110

9. EUROPE 111
Influence of the Global Recession on the European Shipbuilding
Industry 111
Europe Struggles to Reach Saturation in Terms of New Orders 111
European Shipbuilding Industry: A Former Hub for Global
Shipbuilding 111
Leading Shipyards in Europe 112
Europe Sustains Dominance in Select Specialized Market Segments 112
Europe Leads the Global Cruise Ship Construction Sector 112
High-Turnover Naval Shipbuilding Industry 113
The European SMRC Sector: A Recent Past Perspective 113
Table 70: European New Shipbuilding Order Receipts by Country
in Terms of Number of Ships: 2004-2010 114

Table 71: European New Shipbuilding Order Receipts by Country
in Volume Terms (GT): 2004-2010 115

Table 72: European New Shipbuilding Order Book by Country in
Terms of Number of Ships: 2004-2010 116
Table 73: European Shipbuilding Order Book by Country in
Volume Terms (GT): 2004-2010 117
Table 74: European Shipbuilding Completions by Country in
Terms of Number of Ships: 2004-2010 118

Table 75: European Shipbuilding Completions by Country in
Volume Terms (GT): 2004-2010 119
Table 76: European Cruise vessel Orders Scheduled - 2011-2014 120

10. GERMANY 121
German Shipbuilding on the Verge of Recovery Post-Recession 121
German Market Losing Out to Asian Counterparts in Traditional
Ship Sectors 121
Germany Holds Supremacy in Military Shipbuilding Sector 121
Table 77: German New Shipbuilding Orders and Shipbuilding
Completions by Number of Ships: 2004-2010 122

Table 78: German New Shipbuilding Orders, Order Book and
Completions in Volume Terms: 2004-2010 123
Challenges Facing Germany's Shipbuilding Industry 123

11. RUSSIA 125
Russian Shipbuilding Industry to Experience Robust Growth
until 2013 Driven by LNG Carrier Market 125
Shipbuilding: A Key Industry Driving Russian Economy 125
Russian Players Eye Industry Expansion through Association
with Overseas Players 125
United Shipbuilding Corporation and Daewoo 125
Gazprom 126
Colossal Changes Imminent in Russia's Shipbuilding Sector 126
Commercial Shipbuilding Yet to Gain Center Stage in Russia 126
Concerns in the Present Market Scenario 126
Russian Market Faced by Scarce Capacities 127
Elevated Taxes - Another Market Impediment 127
The USC Project: A Highly Prospective Initiative 127

12. CROATIA 129
Table 79: Croatian New Shipbuilding Orders, Orderbook Status,
and Shipbuilding Completions by Volume (2004-2010) 129

13. IRELAND 130
Ireland's Shipping Industry Set to Recover 130

14. POLAND 131
Privatization Spree of the State owned Yards 131
Flourishing Private Players 131
Table 80: Poland Orderbook Status (2004-2010) 132

Table 81: Poland Shipbuilding Completions by Number of Ships
(2004-2010) 132

15. NORWAY 133
Table 82: Norway New Shipbuilding Orders by Number of Ships
(2004-2010) 133

16. SPAIN 134
Table 83: Spanish New Shipbuilding Orders and Orderbook Status
by Number of Ships (2004-2010) 134

Table 84: Spanish Shipbuilding Completions (2004-2010) 135

17. ITALY 136
Table 85: Italian New Shipbuilding Orders, Orderbook Status by
Volume (2004-2010) 136

Table 86: Italian Shipbuilding Completions (2004-2010) 137

18. TURKEY 138
Table 87: Turkish Shipbuilding Fact File - 2007 138
Market Scenario 138
Table 88: Turkey New Shipbuilding Orders by Number of Ships
(2004-2010) 139
Exports 139

19. ROMANIA 140

20. UNITED KINGDOM 140

21. UKRAINE 141

22. UNITED STATES 142
US Shipbuilding Industry Starts on a Positive Note in 2011 142
Order Delivery of New Vessel Moves at a Sluggish Pace 142
An Account of US' Leading Shipbuilding Firms 143
Northrop Grumman 143
General Dynamics 143
The US Shipbuilding and Repair Industry 143
Opportunities 143
Threat 144

23. BANGLADESH 144

24. BRAZIL 145
Petrobras Instrumental in Providing a Major Thrust to
Brazilian Shipbuilding Industry 145
Table 89: Brazilian New Shipbuilding Orders and Orderbook
Status by Number of Ships (2004-2010) 146

Table 90: Brazilian New Shipbuilding Orders by Volume
(2004-2010) 146

25. GREECE 147

26. TAIWAN 148
Taiwan's Ship Building Market Remains Sluggish After Recession 148
Table 91: Singapore New Shipbuilding Orderbook, Orderbook
Status, and Shipbuilding Completions by Volume (2004-2010) 148

27. PHILIPPINES 149
Geographical Advantages 149
Trends and Market Opportunities 149
Table 92: Philippines New Shipbuilding Orderbook Status (
2004-2010) 149

28. SOUTH AFRICA 150
South African Shipbuilding Industry Stormed by Recession and
Multiple other Factors 150

29. CANADA 151
What Gives Canadian Shipbuilding and Repair Industry a
Competitive Edge? 151
Industry Structure 151
Canadian Shipbuilding Industry: A Prelude 151
Canada Shipbuilding: In Retrospection 152
An overview of employment size categories for the Canadian
shipbuilding and ship-repairing industry: 153
Table 93: Number of Employer Establishments in Canada by
Employment Size Category and Region: December 2009 153
Strategic Initiative by the Canadian Government to Augur Well
for the Shipbuilding Industry 154
Federal Government Initiatives to Boost Canadian Shipbuilding
Industry 154

30. MIDDLE EAST 155
Shipbuilding and Repair Industry in the Middle East Continues
to Surge Unaffected by Recession 155
Select Shipyards in the Middle East 155

31. RECENT INDUSTRY ACTIVITY 156
ABG Shipyard Obtains Defense Order for Two Naval Cadet Ships 156
Colombo Dockyard PLC Builds Passenger Vessel for the Indian
Government 156
DSME set to be the Industry Leading Shipbuilder having built
the Largest Floating Dock in the World 156
Keppel Shipyard Bags Contract from Repeat Customers in the US 157
General Dynamics Electric Boat Bags Modification Contract from
the U.S. Navy 157
Everett Shipyard Bags Contract from the U.S. Navy 157
Aker Philadelphia Shipyard Delivers New Vessel to American
Shipping Company 158
Mitsui Engineering & Shipbuilding Delivers Crude Oil Tanker to
Fratelli d'Amico Armatori 158
SHI Bags the First LNG-FPSO Order From FLEX LNG 158
Gidropribor Research Institute Introduces Shagala 158
Mitsui Engineering & Shipbuilding Signs Supply Agreement with
Port of Tanjung Pelepas 158
Kherson Shipyard Delivers the First TIOLI Type River Tanker to
Veka Shipbuilding 159
Navios Maritime Inks Agreement to Acquire Two Capsize New
Building Vessels 159
BAE Systems San Diego Ship Repair Bags a New Contract 159
Climax Portable Machine Tools Unveils New Climax FF6100 Flange
Facer 159
Uljanik Announces Plans to Construct Two Livestock Carriers 159
Daewoo Shipbuilding & Marine Engineering Rolls Out Two New
Vessels 159
Atlantska Plovidba Receives Contract from a Greek Ship Owner 160
Odense Steel Shipyard to Divest Loksa Shipyard 160
Bender Shipbuilding & Repair Bags Contract from the US Army 160
Tailwind Financial Plans to Acquire Dry Bulk Vessels 160
Rolls-Royce Inks Agreement with Abu Dhabi Ship Building 160
Daewoo Shipbuilding & Marine Engineering Bags Major Order 161
Todd Pacific Shipyards Wins Contract from the U.S. Navy 161
Kawasaki Introduces Eria Colossus Bulk Carrier 161
Shipping Corp. of India Inks Contract with STX Shipyard 161
Aker Yards and MSC Cruises Sign Contract 161
Keppel FELS Signs Contract with ENSCO International 162
Fincantieri to Acquire MMG from Manitowoc Company 162
Thyssen Krupp Marine Systems Sign Agreement with AVEVA 162
Wartsila-Hyundai Engine Obtains Order for 16 Dual Fuel Engines 162
Companhia Vale Signs Agreement with Rongsheng Shipbuilding 163
ASL Marine Holdings Incorporates New Subsidiaries in Singapore 163
ASL Project Services Changes Name 163
Vyborg Shipyard to Build New Shipbuilding Complex 163
Samsung Heavy Industries Bags Contract from Europe 163
Ha Long Shipbuilding Delivers Ship to Graig Group 163
Fugro and Sealion Shipping Receive Ship Repair Order 164
Kherson Shipyard Unveils the First Hull Vessel 164
Keppel Shipyard Signs Three New Contracts for Upgradation 164
Keppel Singmarine Secures Contract from Grup Servicii Petroliere 164
General Dynamics NASSCO Starts Building Third Product Carrier
Ship 165
Standard Marine & Ship Repair Bags Contract 165
Jiuhua Shipbuilding Base to Commence Production 165
SPP Shipbuilding Signs Agreement with AVEVA 165
Abu Dhabi Ship Building Signs MoU with BVT Surface Fleet 165
Todd Pacific Shipyards Bags Contract from Glacier Fish Company 166
Rolls-Royce Bags Major Orders from Two Asian Shipbuilders 166
Qingdao Beihai Shipbuilding Inks Agreement with AVEVA 166
China Shipping to Divest Terminal Unit 167
Aker Yards Signs Contract with DOF 167
NASSCO Bags Contract from the U.S. Navy 167
Sembawang Shipyard Wins Contract 167
Kawasaki Shipbuilding Delivers LPG Carrier Summit River 167
General Dynamics NASSCO Receives a Modernization Contract from
the US Navy 168
Song Thu Bags Ship Building Contract 168
Keppel FELS Receives Contract from Scorpion Offshore 168
Aker Solutions Receive Contract from Jurong Shipyard 168
Mitsubishi Heavy Industries Delivers Ship to Mitsui O.S.K. Lines 168
DSME Receives Orders from European and Asian Companies 169
Jurong Shipyard Signs Deal with Aker Contracting 169
Kawasaki Shipbuilding Delivers Energy Navigator 169
Colfax Bags VT Shipyard Pump Packages Contract 169
ABG Shipyard Bags Shipbuilding Contract from Sealion 170
Top 3 Players bag Contracts Worth US$2.32 Billion 170
Daewoo Shipbuilding & Marine Engineering Develops Pre-swirl
Stator 170
Daewoo Shipbuilding & Marine Engineering Unveils Two New Vessels 170
Mitsui Engineering & Shipbuilding Delivers M.T. “Yasa Golden
Dardanelles 170
Rolls-Royce Establishes New Facility 171
McDermott International Forms JV with a unit of China
Shipbuilding Industry 171
Genco Shipping & Trading to Acquire 6 Drybulk New Building 171
Todd Pacific Shipyards Receives Contract from U.S. Coast Guard 171
VT Group Enters into Joint Venture with BAE Systems 171
Rolls-Royce Secures Order from BGP Marine China 172
Daewoo Shipbuilding & Marine Engineering Obtains Order for 10
Ships 172
Mitsui Engineering & Shipbuilding Delivers M.V. “HONEST SPRING” 172
Apeejay Shipping to Establish Ship Repairing Facility and
Building Yard 172
Daewoo Shipbuilding & Marine Engineering Launches New Drill-ship 173
Cochin Shipyard Delivers Five Platform Supply Ships 173
Keppel FELS Wins Contract for Semisubmersible Rig 173
Keppel FELS Obtains Contract from ENSCO International 173
Larsen & Toubro to Invest INR2, 500 Crore 173
Kawasaki Shipbuilding Launches Anna-Barbara Bulk Carrier 174
Nigeria Daewoo Shipping Introduces First Lifting 174
PennShip Services Starts a Ship-Repairing Yard in Philadelphia 174
Continental Forms Shipbuilding JV with Yizheng Jianghaiyang 174
Adana-Yumuralik Free Zone to House New Five Shipyards 174
Rousse Shipyard to Deliver Eighth Ship for Nimmrich & Prahm 174
Rolls-Royce Establishes New Marine Service Facility 174
MTG Dolphin Delivers First Vessel for Veka Shipbuilding 175
Bocimar International Sells Three Vessels to Genco 175
Bocimer International to Procure New Ship from Shanhaigun and
Jinhaiwan 175
Odense Shipyard Rolls Out Marchen Maersk 175
Nantong COSCO Completes Shipbuilding Dock for Kawasaki 175
Keppel Singmarine Bags Specialized Shipbuilding Contracts 176
SCI to Form Joint Venture with ABG Shipyard 176
L&T and TNIDC to Establish New Port and Ship Building Facility 176
Kherson Shipyard Delivers Aries Warrior 176
DSME Rolls Out Two New Vessels 176
Daewoo Shipbuilding & Marine Engineering Receives New Drill
Ship Order 177
Abu Dhabi Ship Building Bags Contract from UAE Coast Guard 177
BAE Systems Norfolk Ship Repair Bags Contract Modification 177
Northrop Grumman Shipbuilding Receives Contract from the US Navy 177
Rolls-Royce To Build a Polar Research Vessel for NIMR 177
General Dynamics NASSCO Unveils USNS Amelia Earhart (T-AKE 6) 177
China Shipping Group Signs Agreement with Baosteel Group and
China State Shipbuilding 178
TTS Handling Systems Receives Contract from China Shipbuilding
& Offshore International 178
Abu Dhabi Ship Building Enters into Strategic Alliance with
AVEVA Marine 178
Beluga Shipping to Increase Fleet to 75 Ships 178
Kawasaki Shipbuilding Unveils Navios Armonia Bulk Carrier 179
STX Shipbuilding Bags Orders from European Shipping Companies 179
Shipping Corporation of India to Enter into Joint Venture with
STX Shipbuilding Company 179
Rolls-Royce Signs MoU with Vinashin 179
ASL Shipyard Receives Contract from European Customers 180
Todd Pacific Shipyards Bags Contract from Military Sealift
Fleet Support Command 180
Rolls-Royce Bags Contract from China Oilfield Services 180
Daewoo Shipbuilding & Marine Engineering Secures Contract from
European Shipping Company 180
Kawasaki Shipbuilding Supplies Mochishio Submarine 180
Conrad Industries Signs a New Construction Contract 181
Aker Yards Receives Contract from Royal Arctic Line 181
DSME Secures New Orders from S.A.O.C. 181
Fincantieri Unveils Cruise Barcelona 181
Vinashin Soai Rap Commences Plants Construction 181
Fincantieri and Compagnie des Iles du Ponant (CMA CGM Group)
Sign Agreement 182
DSME Receives Order from Sendirian Berhad 182
General Dynamics NASSCO Secures Contract from the US Navy 182
Fincantieri Rolls Out Cruise for Princess Cruises Lines 182
Larsen and Toubro to Construct a Ship Building Yard 183
CACI International Bags Contract from Naval Sea Systems Command 183
Hanjin Heavy Industries Inks Agreement with AVEVA Marine 183
DSME Delivers Two Ships to Sovcomflot and Vela 183
Kawasaki Shipbuilding Launches Santa Theresa Bulk Carrier 183
Dolphin Offshore Enterprises to Venture into Shipbuilding 183
DSME to Deliver Semi Submersible Drilling Rig to Odfjell 184
Keppel FELS Enters into Joint Venture with Jurong Shipyard 184
Goodearth Maritime to Set up a Shipbuilding Yard 184
Kawasaki Shipbuilding Supplies a Reimei LPG Carrier to
Sherwood Overseas 184
Northrop Grumman Bags Shipbuilding Contract from the U.S. Navy 184
Jiangsu New Yangzi Shipbuilding Secures a Shipbuilding
Contract from COSCO 184
ABG Shipyard Receives New Overseas Orders 185
Electric Boat Bags Contract Modification from the U.S. Navy 185
SHI Constructs Unique Multidirectional Oil Tanker 185
Kawasaki Shipbuilding Supplies Celestine River 185
Todd Pacific Shipyards Enters into a Contract with Washington
State Ferries 186
Carnival Places Order for Two Cruise Ships 186
Rousse Completes Construction of a 4,500 ton Cargo Ship 186
Mitsui Engineering & Shipbuilding Supplies MV LADY GIOVI 186
Mitsui Engineering & Shipbuilding Delivers MV "BRASIL MARU" 186
Rolls-Royce Bags Contract from Sinopacific Shipbuilding 187
Indian Companies to Plunge into Shipbuilding 187
Electric Boat Receives Contract Modification from the U.S. Navy 187
Keppel Shipyard Secures Contract from Prosafe Production 187
Aker Philadelphia Shipyard Enters into Agreement with Aker
American Shipping 187
Hanjin Heavy Industries to Construct a New Shipyard 188
Fincantieri Launches Queen Victoria for Cunard Line 188
Vyborg Shipyard JSC Delivers STRIL MARINER 188
Jinhui Shipping to Buy Two Ore Carriers 188
Sembawang Shipyard Inks Contract with Equinox 188
Indian Companies to Expand Shipbuilding Capacity 189
Detyens Shipyard Obtains Contract from National Oceanic &
Atmospheric Administration 189
DSME Introduces Drillship and PCTC 189
Bath Iron Works bags Contract from the U.S. Navy 189
Kawasaki Shipbuilding Delivers LNG Carrier to Maple LNG Transport 189
SHI Completes Construction of the First Drill Ship 189
Gulf Copper Ship Repair Receives Contract from the U.S. Navy 190
Bharati Shipyard Bags Contract from Opielok 190
Korea Shipyard Signs Contract with AVEVA 190
Remontowa Bags Ferry Construction Contract 190
BAE Systems San Diego Ship Repair Secures Contract from Naval
Sea Systems Command 191
Bharati Shipyard Inks JV Agreement with Apeejay Shipping 191
Kawasaki Shipbuilding Unveils Anna-Elisabeth Bulk Carrier 191
China Shipping Development and CSSC Guangzhou Longxue
Shipbuilding Sign Agreement 191
Kleven Verft Secures Vessel Delivery Contracts from Siem Offshore 191
Keppel Singmarine Delivers Supply Vessel to Gulfmark Offshore 192
Nizhegorodskiy Teplokhod Delivers 6th Hull for Rensen
Shipbuilding 192
Fincantieri Introduces a new Destroyer Vessel for Italian Navy 192
DSME Obtains Order for Ships from Vela International Marine 192
Cochin Shipyard Receives Contract from DOF 192
TTS Ships Equipment Obtains Contract from Odense Steel Shipyard 192
Keppel Nantong Shipyard Secures Shipbuilding Contracts 193
Fincantieri Receives an Order for Two New Cruise Lines from
Costa Crociere 193
Fincantieri Introduces Cruise Line for Carnival Cruise Lines 193
Bharati Shipyard to Form Shipbuilding Yard Joint Venture with
Apeejay Shipping 193
Lotos Shipyard Rolls Out the Hull of New Container Carrier 193
Astrakhan III International Shipyard to Deliver Dry Cargo Ship
for Rensen Shipbuilding BV 194
Bharati Shipyard Bags Order from Shipping Corporation of India 194
Konecranes Secures Contract for Goliath Gantry Cranes 194
Fincantieri Enters into an Agreement with Cunard Line 194
Everett Shipyard Receives Contract from the U.S. Navy 194
Fincantieri Unveils “Super Star” Cruise Liner to Tallink 194
DSME Delivers Gang-Gam-Chan 195
JURONG Shipyard to Form JV with WTorre 195
Shipping Corp. of India Orders Ten New Ships 195
Rolls-Royce Buys Seaworthy Systems 195
ABG Shipyard Bags Order from Bereederungsgesellschaft H Vogemann 195
Electric Boat Wins Contract from the U.S. Navy 196
Thoresen Shipping Signs Contract with Vietnam Shipbuilding
Industry Group 196
COSCO Shipyard Group Obtains Contracts for Building Bulk Carriers 196
ABG Shipyard Receives Order from Essar Shipping & Logistics 196
Rensen Shipbuilding Inks Shipbuilding Contract with
Zelenodolsk Plant 196
Cargotec Secures Order for Supplies to Cargo Vessels 196
Reliance To Set Up Ship Building and Dredging Companies 197
BAE Systems San Diego Ship Repair Obtains Contract from the U
.S. Navy 197
Globus Maritime to Acquire a Panamax Bulk Carrier 197
HHIC Secures Order for 5 Container Ships 197
RK HDW Gaarden Launches Maruba Europe 197
Wartsila-Hyundai Engines to Build Dual-Fuel Engines 197
Ningbo Shipyard Bags a Contract from Global Carriers 197
DSME Establishes Ship Block Factory 198
Larsen and Toubro Bags a Contract with RollDock 198
General Dynamics NASSCO Commences Building of a New Line of Ships 198
General Dynamics NASSCO Signs Shipbuilding Agreement with the
U.S. Navy 198
SHI Bags Orders from Stena Company 198
Standard Marine & Ship Repair Bags Contract from the U.S.
Department of Homeland Security 199
Built Environs and McConnell Dowell Secure Contract 199
General Dynamics NASSCO Secures Contract from the U.S. Navy 199
Samsung Heavy Industries to Build New Block Assembly Factory 199
Muhibbah Marine Engineering Bags Contract from Tanjung Kapal
Services 200
NicoCraft Rolls Out Nemo 200
Kawasaki Shipbuilding Unveils Anna-Maria Bulk Carrier 200
Punj Lloyd Signs MOU with Pipavav Shipyard 200
Keppel Launches New Shipyard in Nantong 200
Bharati Shipyard Receives Contract from UP Offshore 200
ASC Shipyard Selects Hansen Yuncken for Adelaide Shipyard
Expansion 201
Hanjin Heavy Industries & Construction Group to Split 201
Daewoo Shipbuilding Rolls out Two Vessels 201
HHI Constructs LPG Carrier for Bergesen 201
Rolls-Royce Signs Contract with UK Ministry of Defense 201
Everett Shipyard Secures Contract from the U.S. Navy 202
DSME Introduces First LNGC Vessel for KLC 202
ABG Shipyard Secures Order from Precious Shipping 202
ASL Shipyard Obtains Major Shipbuilding Contract 202
China Oilfield to Acquire New Marine Support Vessels 202
Standard Marine Secures Contract from U.S. Department of
Homeland Security 202
Clough Enrolls New Ship to Fleet 202
AVEVA Wins Contract from SLS Shipbuilding 203
Northrop Grumman Wins Contract from the U.S. Navy 203
DSME Launches H.2250 at RD#3 203
Gujarat NRE to Buy Ships from Japanese Shipyard 203
SHI Completes Building the World's Biggest LNG Carrier 203
Fincantieri Unveils ‘Sagar Nidhi' for the National Institute
of Ocean Technology 204
Bharati Shipyard Secures Order from Sea Cargo Skips 204
SLS Shipbuilding Secures Order from MISC 204
STX Shipbuilding Secures Order from Middle East Company 204
Kawasaki Shipbuilding Supplies BW Broker LPG Carrier 204
Kawasaki Shipbuilding Supplies Tamagawa VLCC 204
Third International Shipyard Introduces the Hull for Rensen
Shipbuilding 205
Wartsila CME Zhenjiang Propeller to Establish Propeller Plant 205
SHI Expands Ningbo Ship Block Factory 205
Fincantieri Launches a Ferry for Grimaldi Group 205
Standard Marine & Ship Repair Secures Contract from the U.S.
Department of Transportation 206
Sovcomflot and Novorossiysk Ship Repair Yard Sign Agreement 206
Changrong Steel, Jiangsu Xinrong Shiprepair and CSSC Chengxi
Shipyard Sign Contract 206
BAE Systems Norfolk Ship Repair Receives Contractfrom the U.S.
Navy 206
COSCO Secures Contract from Chengxi Shipyard 206
Bharati Shipyard and Great Offshore Sign Contract 206
Jiangsu Eastern Shipyard Secures Contract to Build Oil Tankers 207
Odessos Shiprepair Yard to Buy Floating Dock 207
Rolls-Royce Secures Contract from OSM Schiffahrt 207
Bharati Shipyards Wins Contract from Offshore Shipping I 207
Fincantieri Unveils The Ventura 207
MacGregor Obtains Contract from Cosco Dalian Shipyard 207
Kawasaki Shipbuilding unveils Orient Phoenix Bulk Carrier 208
Tsuneishi Shipbuilding Introduces Wave Power Yacht 208
Rolls-Royce Bags Contract from Ezra Holdings 208
Bharati Shipyard Secures Contract from Man Ferrostaal 208
Kawasaki Shipbuilding Corp. Delivers Crude oil Carrier to Gios
Maritima 208
Hanjin Heavy Industries Receives Order of Eight Post-Panamax
Container Carrier and Several New Projects 209
China Shipbuilding Industry Receives Contract from Hebei Ocean
Shipping 209
CSSC Delivers Ship to Stenersen 209
CSSC Receives Contract from Stenersen 209
DSME Bags Contract from T&H and NV 209
Hindustan Shipyard Delivers Good Princess to Goodearth Maritime 209
General Dynamics NASSCO Commences Manufacturing of 7th T-AKE Ship 210
DSME Receives Order from Liberty Maritime 210
Gulf Copper Ship Repair Receives Contract from U.S. Army 210
SWECO AB Bags Contract from Aker Yards 210
Aker Yards Secures Contract from Royal Caribbean Cruises 210
Hanjin Heavy Industries Establishes New Facility 210
Aker Yards Bags Contract from Aker Capital 211
The Union Territory of Lakshadweep and Colombo Dockyard Ink
Agreement 211
Jurong Shipyard Secures Contract from SeaDrill 211
Standard Marine & Ship Repair Obtains Contract from the Dept.
of Homeland Security 211
Rolls- Royce and University of Manchester Establishes New
Testing Facility 211
Mitsui Engineering & Shipbuilding Supplies MV NSS HONESTY 212
DSME and DMHI Obtains Orders for 16 Ships 212
Bharati Shipyard Snaps Up Assets of Swan Hunter Shipyard 212
Larsen & Toubro Plans to Establish a Ship Building Yard 212
ABG Shipyard Secures Shipbuilding Contract 212
Hartmann Group Orders Supply Vessels from Fincantieri 213
Aker Yards and MSC Cruises Sign Contract 213
Kawasaki Shipbuilding Unveils KT Venture Bulk Carrier 213
Standard Marine & Ship Repair Bags Order 213
ASL Marine Holdings Receives Major Contracts 213
CSSC and Shanghai Baosteel Group to Invest in Shipbuilding 214
Hanjin Heavy Industries & Construction Receives Order from Danaos 214
Fincantieri Inks Agreement with Oceania Cruises 214
Fincantieri Signs Agreement with Silversea Cruises 214
Kawasaki Shipbuilding Delivers Crude oil Carrier to Colnago
Maritima 214
Chengxi Shipyard Company Receives Contract from Hongkong Huaguang 215
Diana Purchases A Dry Bulk Carrier 215
MacGREGOR Enters into Joint Venture with Vietnam Shipbuilding
Industry Group 215
Jinhui Holdings to Acquire a Supramax Ship 215
Todd Pacific Shipyards Wins Contract from the Military Sealift
Fleet Support 215
American Commercial Lines Buys Assets from McKinney 216
Pelican Offshore Services Bags Shipbuilding Contract 216
Fincantieri Delivers Carnival Freedom to Carnival Group 216
Abu Dhabi Ship Building Clinches Contract from UAE Naval Forces 216
Coastal Offshore Secures Contract for 7 Offshore Support Vehicles 216
General Dynamics NASSCO Receives Contract from the U.S. Navy 217
Kawasaki Shipbuilding Launches Bulk Carrier 217
Daewoo Mangalia Heavy Industries Signs Contract with Hamburg Sud 217
Todd Pacific Shipyards Bags Contract from Military Sealift
Fleet Support Command 217
Fincantieri Partners with Turkish Yard 218
ABG Shipyard Bags Shipbuilding Order from Pacific First Shipping 218
DSME to Undertake Facility Expansion 218
Daewoo Shipbuilding & Marine Engineering Enters into Joint
Venture to Form NIDAS 218
Fincantieri Signs Agreement with Carnival Corporation 218
Bath Iron Works Bags Contract from the U.S. Navy 219
Bach Dang Ship Building Unveils Golden Falcon 219
Northrop Grumman Bags Shipbuilding Contract from the U.S. Navy 219
Boustead Holdings to Buy Sites from PSC Asset Holdings 219
Tuticorin Port Trust to Construct Ship Building Yard 219
BAE Systems Bags Ship Overhaul Contract from the U.S. Navy 219
Eidesvik Enters Into Alliance with Ulstein Verft for Building
SX121 Ship 219
Atlantic Marine Alabama Wins C-9 Conversion Contract from
Matson Navigation 220
Wartsila Bags Order from Chinese Shipyards 220
Wartsila, Mitsubishi Heavy Industries and China Shipbuilding
Industry to Form a Joint Venture 220
ODIM Signs Contract with Shipyard 220
VT Halter Wins Contract from the US Navy 221
Indian Navy to Increase Fleet Size 221
Hyundai Bags a Mammoth Order from CMA-CGM 221
Santierul Naval Orsova to Upgrade Technology 221
TBS International to Purchase Two Bulk Carriers 221
Hyundai Completes Slipway Construction and Announces Expansion 222
Pipavav Shipyard Secures Order from Europe 222
Hyundai Bags Order from China 222
Todd Pacific Shipyards Secure Contract from the U.S. Navy 222
Standard Marine & Ship Repair Bags Contract from the U.S.
Department of Homeland Security 222
Norilsk Nickel Receives Contract from Aker MTW Werft 222
Todd Shipyards Obtains the U.S. Navy Repair Contract 223
Daewoo Shipbuilding Wins Contracts from Gebab Holding and
Conti Holding 223
Nam Trieu Shipbuilding Launches Colossal Cargo Vessel 223
Northrop Grumman Receives Ship Modification Contract 223
BAE Systems Secures Repair Contract from the U.S. Navy 223
Sonatrach Petroleum Enters into Joint Venture with Kawasaki
Shipbuilding 224
Acergy Signs Pact with DOFCON 224
Aker Yards and Damen Shipyards to Form Joint Venture 224
Keppel Shipyard Bags Conversion Contract 224
BAE Systems Norfolk Ship Repair Secures Contract from the U.S.
Navy 224
Sovkomflot Signs Agreement with Admiralty Shipyards 225
Saigon Shipbuilding Unveils Vien Dong 5 Ship 225
Technip Inks Contract with Geo ASA 225
ISOICO Signs Agreement with Venezuela 225
Gulf Copper Ship Repair Bags Contract from the U.S. Navy 225
Larsen & Toubro Receives Contract from Zadeko Ship Management 225
Bath Iron Works Secures Contract from the U.S. Navy 225
Song Thu Inks Contract with Damen Group 226
Caspian Services Inks MoU with Nico International and
Kazmortransflot 226
Quickstep Holdings to Purchase Flatout Boats 226
Damen Shipyards Obtains Contract from Istanbul Deniz Otobusleri 226
Ship Finance International to Buy Five Container Vessels 226
Northrop Grumman Ship Systems Secures Contract from the U.S. Navy 227
New Century Shipbuilding and AVEVA Sign Contract 227
Northrop Grumman Ship Systems Bags Contract from the Defense
Department 227
Sanwa Dock Invests in Ship Repair Dock 227
Samsung Heavy Industries and Marine and Heavy Engineering to
Form Joint Venture 227
SembCorp Marine to Invest in Cosco Shipyard 228
Phu Yen Seafood Opens Shipbuilding Factory 228
Bulyard Shipbuilding Industries to Spend on Upgrades in Varna
Shipyard 228
Keppel Shipyard Receives Contract from Golar LNG 228
Alstom and Aker Yards to Form Joint Venture 228
Sembawang Shipyard Secures Contract from Bergesen 228

GLOBAL DIRECTORY

The dynamics of the shipbuilding industry mirror major patterns underlining the global production, transportation and consumption of cargoes. The global Shipbuilding Industry cruised at high speeds during the period 2000 to 2007. The sailing was relatively good in the first three quarters of the year 2008 as well, before the impact of global financial crisis that rammed the global shipbuilding market in the fourth quarter of 2008. The direct effect of the crisis reflected in the order book of shipbuilders, which declined by 19% and 13% during 2009 and 2010, respectively, in terms of gross tonnage. However, with the global economy as well as trade recovering since mid 2009, new orders for shipbuilding recovered substantially in 2010. This translates to an increase in terms of number of ships in 2010, compared to 2009.

The global financial crisis that gripped the entire world had the least affect on the shipbuilding and repairing sector in the Middle Eastern countries. The Arabian Gulf, comprising of UAE (United Arab Emirates), Qatar, Saudi Arabia, and Oman, have showed great resilience to the economic slowdown. The region’s ports and yards are currently the busiest, with over 2000 vessels docked in the ports for repairing works. This great resilience pertains to the growing marine transport sector of the region, especially in Dubai and Abu Dhabi.

Over the past decade, the global shipbuilding industry has witnessed the growth of Korea and China as the leaders in the shipbuilding industry worldwide, relegating the erstwhile leader Japan to the third spot. South Korea took off the reigns from Japan during the years 1999-2000 in terms of order receipts. More recently, China surpassed Korea to become the global leader, as the country dominated the global shipbuilding industry in 2009 and 2010 in terms of gross tonnage. However, the focus on high-technology plant products and vessels, including oil and gas platforms, polar-navigating ships, very large containers ships, and eco-friendly vessels, provide Korean shipbuilders an edge over their Chinese counterparts. Despite this, certain small and medium sized shipbuilders in Korea are likely to experience difficult times ahead from their Chinese equivalents, which create the need for cooperation among domestic players and industry restructuring to win over the competition. Further, a major concern for the Chinese industry is the current slump in demand for bulk carriers, a ship type that Chinese shipyards specialize in building.

The battle between the two shipbuilding giants, Korea and China, to maintain the global dominance is well underway. Samsung Heavy Industries, a leading Korean shipbuilder, is at the forefront of this battle, filing as many as 1,100 patent applications in the year 2010. Korean Shipbuilders are ahead of their competition not just in terms of higher number of patent cases but also in terms of differentiated technological quality. One obvious factor driving shipbuilders to advance technology and eventually file for patents is to keep them ahead of competition by offering technologically advanced ships and win more orders.

A visible new trend is surfacing in the shipbuilding industry over the previous two decades, which is the emergence of shipyards in emerging nations worldwide including Brazil, India, Malaysia and Vietnam. Yet another key trend that has surfaced over the recent years is the increasing interest of shipping companies in shipbuilding activities. More and more shipping companies are investing in Shipyards worldwide in a bid to have a better control on the supply chain as well as to create better synergies.

Global Industry Analysts ©

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