Post by ferryfast admin on Mar 3, 2006 23:01:04 GMT -5
Shipbuilders erecting docks abroad
March 03, 2006 ㅡ Korean shipbuilders are considering building more shipyards overseas to meet a surge in orders, industry sources said yesterday.
The world's second-largest shipbuilder, Daewoo Shipbuilding & Marine Engineering Co., is seeking to acquire shipyards for medium-sized vessels in Brazil, Angola and China, the sources said.
The company is now building a factory for hull blocks in Yantai, northeast China, that is to begin production early next year. Daewoo has also been operating a shipyard in Romania, Daewoo Mangalia-Heavy Industries S.A.
"China won't let foreigners own more than a 50 percent stake in a shipyard, but there are no such regulations for block factories," the company said.
Samsung Heavy Industries Co., the world's third-largest shipbuilder, runs a block factory and plans to add another in China. It hopes to expand its factory into a shipyard once the authorities remove the limitations on foreign ownership, the sources said.
"The entire industry, except for Hyundai Heavy Industries, is considering building more shipyards in foreign countries due to soaring orders," a company official said on condition of anonymity. "Despite concerns of technology leaks, there are advantages, such as reduced labor costs."
Samsung has been operating Samsung Heavy Industries Ningbo Co. since 1997 and is searching for a site to build one more in the Chinese northeastern province of Shandong, the sources said.
Another company, STX Shipbuilding Co., plans to build a hull-block factory in Shandong Province, the sources added.
Hanjin Heavy Industries & Construction Co. unveiled a plan last week to build a shipyard in the Philippines by 2016.
The world's fourth-largest shipbuilder, Hyundai Mipo Dockyard Co., runs the Hyundai-Vinashin Shipyard in Vietnam. The yard is only a repair dock, but the company is considering outfitting it for shipbuilding, the sources said. The company is a subsidiary of Hyundai Heavy Industries Co., the world's top shipbuilder.
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Note: We publish reports like this
for our naval engineering company FerryFast members
who might be looking for new contractual bid work.
March 03, 2006 ㅡ Korean shipbuilders are considering building more shipyards overseas to meet a surge in orders, industry sources said yesterday.
The world's second-largest shipbuilder, Daewoo Shipbuilding & Marine Engineering Co., is seeking to acquire shipyards for medium-sized vessels in Brazil, Angola and China, the sources said.
The company is now building a factory for hull blocks in Yantai, northeast China, that is to begin production early next year. Daewoo has also been operating a shipyard in Romania, Daewoo Mangalia-Heavy Industries S.A.
"China won't let foreigners own more than a 50 percent stake in a shipyard, but there are no such regulations for block factories," the company said.
Samsung Heavy Industries Co., the world's third-largest shipbuilder, runs a block factory and plans to add another in China. It hopes to expand its factory into a shipyard once the authorities remove the limitations on foreign ownership, the sources said.
"The entire industry, except for Hyundai Heavy Industries, is considering building more shipyards in foreign countries due to soaring orders," a company official said on condition of anonymity. "Despite concerns of technology leaks, there are advantages, such as reduced labor costs."
Samsung has been operating Samsung Heavy Industries Ningbo Co. since 1997 and is searching for a site to build one more in the Chinese northeastern province of Shandong, the sources said.
Another company, STX Shipbuilding Co., plans to build a hull-block factory in Shandong Province, the sources added.
Hanjin Heavy Industries & Construction Co. unveiled a plan last week to build a shipyard in the Philippines by 2016.
The world's fourth-largest shipbuilder, Hyundai Mipo Dockyard Co., runs the Hyundai-Vinashin Shipyard in Vietnam. The yard is only a repair dock, but the company is considering outfitting it for shipbuilding, the sources said. The company is a subsidiary of Hyundai Heavy Industries Co., the world's top shipbuilder.
@@@@@@@@@@@
Note: We publish reports like this
for our naval engineering company FerryFast members
who might be looking for new contractual bid work.