Shipbuilding and Repair

Published by: Global Industry Analysts

Published: Oct. 1, 2009 - 145 Pages

Table of Contents

1. Global Shipbuilding and Repair Industry

Introduction

Global Shipbuilding Industry - Sailing in Rough Seas

Recession Slows Down Global Shipping Market

2. Market Dynamics & Trends

Recession Hits Global Shipbuilding Industry

Excess Capacity Mars Shipping Industry

Order Cancellations Rife at Shipyards Worldwide

Table 1: Global Shipbuilding Order Book Status in 2007 (*) and 2008 Estimates (*)by Ship Type - For Containers, Dry Bulk Carriers, Crude Oil Tankers, Chemical Carriers, Oil Products Tankers, Other Cargo Carriers, and Others (In Number of Ships and Volume in million Deadweight Tons)

Ship Scrapping Likely to Increase

Table 2: Global Ship Scrapping by Ship Type (2006, 2007, and 2008 Estimates) - For Tankers, Bulk Carriers, LPG Carriers, and Others (In million Dead Weight Tons)

Order Cancellations - Instrumental

for “Correction” in the Market

Steel Plate Prices - Key to Profitability

in Shipbuilding

Table 3: World Monthly Steel Plate Prices By Year (2008 and 2009)

Arabian Gulf - Most Resilient to the Financial Crisis

3. Key End Use Markets

Container Shipping Market

Container Shipping Companies -

The Worst Hit of the Lot

Table 4: Global Shipbuilding Completion by Ship Type (2006, 2007, and Estimates) - For Cargo Carriers (Containers, Dry Bulk Carriers, Crude Oil Tankers, Chemical Carriers, Oil Products Tankers, Other Cargo Carriers), and Non-Cargo Carriers (In Million Gross Tons)

Table 5: Global Delivery of New Ships by Ship Type (2006, 2007, 2008 Estimates) -Tankers, Bulk Carriers, LNG Carriers,LPG Carriers, TEUs, and Others (In Million Dead Weight Tons)

Table 6: Global New Shipbuilding Pricing Trends (in US$ Million) by Ship types - For Tankers (VLCC, Suezmax, Aframax, and Panamax); Bulk Carriers (Capesize, Panamax, Handymax, and handysize); and Others (LNG Carriers and LPG Carriers), in the year 2000, 2006, and 2007

High Optimism - A Key Factor Leading to Market Downfall

Supply-Demand Imbalance - A Leading

Cause for Present Glut

Tanker Market

Tanker Market Plunged in Crisis, Albeit to a Lesser Extent

Dry Bulk Shipping Market

Bulk Rate Reprisal - A Passing Cloud

The China Impact

Threat from Over Supply Continues to Loom Large

Companies Jarred With Market Slump

Slump to Hit Chinese Public-listed Bulk

Companies

4. Industry Overview

Global Shipbuilding Industry - A Spotlight

What Drives Demand for New Ships?

Historical Development of Global Shipbuilding Industry

2000 to 2007, The Period of Upswing in the Global Shipbuilding Industry

Table 7: Global Shipbuilding Order Book Status in 2007(*) and 2008 Estimates (*) by Region - For South Korea, China, Japan, Philippines, Vietnam, India, Germany, Turkey, and Rest of World (In Number of Ships and Capacity in million Deadweight Tons)

Increasing World Trade -Key Driver of Growth

New Regulations Spurred Fleet Replacement

Container Vessels, and Product and Bulk

Carriers Led the Demand Growth

Asia Leads the Shipbuilding Industry

Table 8: Global Shipbuilding Completion by Region (2006, 2007, 2nd 2008 Estimates) -For South Korea, Japan, China, Germany, Denmark, and Others (In million Gross Tons)

Table 9: Global Shipbuilding Completion by Region (2006, 2007, and 2008 Estimates) -For South Korea, Japan, China, Malaysia,Turkey and Others (In Number of Ships)

China Moves Ahead of Japan; Korea

Retains Dominance

Global Shipbuilding Industry - Year

in Review

5. Global Military Shipbuilding Sector:

An Overview

Table 10: Global Military Shipbuilding Sector

in 2008 (Estimates): Market Share by Revenues Spent by Regions - Percentage Breakup of Dollar Spent by North America, Europe, Asia, South America, and Rest of World

Table 11: Global Military Shipbuilding Market in 2008 (Estimates): Percentage Breakup of Dollar Sales for Norththrop Grumman Corp., General Dynamics Corp., Direction des Construction Navates, BAE Systems, Thales Group,and Others

United States

China

Russia

Asia

Japan

Other Major Markets

6. Product Overview

Bulk Cargo Carriers

Dry Bulk Carriers

Types of Bulk Carriers by Size

Tankers

Types of Tanker Ships by Size

Container Vessels

Types of Container Vessels by Size

(in Twenty-foot Equivalent Unit (TEU)

Other Cargo Ships

Niche Category

Small Ships

Table 12: Global Commercial Merchant Fleet by Ship type as in Jan 2008 - For Dry Cargo Ships (Cargo Freighters, Bulk Cargos, Container Ships, Ferries, Ro-RO Vessels, Reefers, and Other Dry Cargo Vessels);Tankers (Product, Chemical, Crude Oil,Gas and Others); and Passenger Vessels (Cruise Ships, Combination Ships, and Others) - In Number of Ships and Fleet Size in Million Gross Tons

7. Measurement Units

Gross Tonnage

Dead Weight Tonnage (DWT)

Compensated Gross Tonnage

TEU (Twenty-foot Equivalent Unit)

8. Mergers and Acquisitions

China International Marine Containers

Purchases Stake in Yantai Raffles

POSCO to Acquire Daewoo Shipbuilding &

Marine Engineering

Marathon Merges with Global Ship Lease

FLC West Acquires Stake in Three

Shipyards of Aker Yards

The Carlyle Group Acquires Stake

in TVK Shipyard

Kellet & Singleton Investments Acquires

Stake in Scan-Trans Middle East &

South Asia Holding

Wartsila Takes Over Vik-Sandvik

Samsung Heavy Industries Buys Stake

in Estaleiro Atlantico Sul

French Government Acquires Stake in

Chantiers de l’Atlantique de Saint-Nazaire

Shipyards

Crowley Maritime Acquires Jensen Maritime

Consultants

IHI Corp and JFE Holdings to Merge

Shipbuilding Units

Todd Shipyards Acquires Everette Shipyard

JFE Holdings to Acquire Additional Stake

in Universal Shipbuilding

Private Equity Companies Acquire Stake

in Pipavav Shipyard

Northrop Grumman to Merge Shipbuilding

Divisions

Shanghai Waigaoqiao Shipbuilding to

Acquire Stake in Jiangnan Changxing

Shipbuilding Base

Martifer Energy Systems Purchases Navalria

Damen Acquires Stake in Albwardy Marine

Engineering

OJSC Kherson Shipyard to Purchase Stake

in Black Sea Shipyard

Wonson International Holdings to Acquire

Jianxi Jianzhou Shipyard

SembCorp Marine to Purchase Stake in

Pipavav Shipyard

STX Shipbuilding Acquires Stake in

Aker Yards

ISD Polska to Purchase Stake in Gdansk

Shipyard

American Commercial Lines Purchases

Elliott Bay Design Group

Titan Petrochemicals to Purchase Titan Oil’s

Shipyard

Swiber Purchases North Shipyard

BLRT Group Buys Turku Repair Yard

ABG Shipyard to Purchase Vipul Shipyard

Pipavav Shipyard to Purchase a Major Stake

in Trinity Capital

BAE Systems and VT Group to Merge

Shipyards

Modec Purchases Floating System Business

of FMC Technologies

SGS Buys SRS Tech

TECO Coating Services Purchases Stake

in Davie Shipyard

Foss Maritime Acquires Harbor Marine Group

Integra to Acquire JSC

J.F Lehman & Company Takes Over

Atlantic Marine Holding Company

Aker Yards Acquires Kleven Design

and Kleven Florø

Mitsui Meehanite Metal to Merge with

Sanzo Metal

Litana ir Ko Purchases a Ship Repair Yard

in Kaliningrad

9. Shipbuilding and Repair - Regional Markets

SOUTH KOREA - WORLD’S LARGEST

SHIPBUILDING MARKET

Historic Development of the South Korean

Shipbuilding Industry

Table 13: South Korean Shipbuilding Industry Status - By Completion, and Order Book Status in 2006 and 2007 - In Terms of Number of Ships, Volume in Gross Tons, and Value in US$ Billon

Sustainability of Small Players Uncertain

Inclination Towards High Technology

Vessels to Check Rise in Cancellations

Competition

Table 14: Leading Players in the Korean Shipbuilding Industry Ranked by Capacity

Volatile Steel Prices Curb Profitability

The Korean Big Three Overwhelmed

with High LNG Carrier Demand

CHINA

Chinese Shipbuilding Industry - Reeling

Under Global Financial Crisis

Table 15: Shipbuilding Industry Fact file (China Vs Global) - 2008

Stimulus Package to Aid Long-term

Sustenance of the Industry

High Time to Restructure Shipbuilding

Capabilities

Consolidation - Looming Large Over

Smaller Industry Players

High Reliance on Traditional Ship Types

Impeding Growth

Evolution of Chinese Shipbuilding Industry

Major Competitive Advantages

Threats

Tanker Shipbuilding Sector in China

Action Plan for the Chinese Shipbuilding

Industry

The Chinese Ship Repairing Industry

Outlook

Chinese Ship Repairing Industry

Fact file - 2008

Opportunities

Threats

JAPAN

Japanese Order Book Relatively Strong

Amid Global Meltdown

Table 16: Japanese Export Shipbuilding

Order Book by Financial Year

Table 17: Japanese Export Shipbuilding Orders Delivered by Number of units and Gross Tonnages (GT) for Years 2006 to 2008 & Till April of 2009 - Broken Down for Bulk

Carriers, Oil Tankers, and Cargo Carriers

Sinking New Shipbuilding Orders:

A Cause of Concern for the Sector

Japanese Players are busy upgrading

their yards

INDIA

Structure of the Indian Shipbuilding Industry

Strong Government Backing Augurs

High Growth

Lower Labor Cost - A Strategic Advantage

for India

Exports Capture Major Share

Older Fleet to Drive Growth in Domestic

Market

Earlier Time Slots - Providing Competitive

Edge

Foray into Production of Large Vessels -

Essential for Enhancing Competitiveness

Expertise in OSV - Reaping High Returns

Productivity At Par With China

Table 18: Comparison Between Indian and Chinese Shipbuilding Sector Through Different Parameters

VIETNAM

Shipbuilding Industry Amid Ongoing

Financial Crisis

Inherent Drawbacks Hinder Growth Potential

SINGAPORE

MALAYSIA

AUSTRALIA

Superior Technology and Novelty in

Design Driving the Industry

Focus on Niche Segments Offers Huge

Export Potential

EUROPE

European Shipbuilding Industry

High-Turnover Naval Shipbuilding Industry

The European Ship maintenance, Repair

and Conversion (SMRC) Sector

GERMANY

Order Drought and Cancellations, to Keep

Most German Yards Out of Action

POLAND

Privatization Spree of the State owned Yards

Flourishing Private Players

NORWAY

SPAIN

ITALY

TURKEY

Turkish Shipbuilding Fact File - 2007

Market Scenario

Exports

ROMANIA

UNITED KINGDOM

UKRAINE

UNITED STATES

The US Shipbuilding and Repair Industry

CANADA

10. Recent Industry Activity

Keppel Shipyard Bags Contract from Repeat

Customers in the US

General Dynamics Electric Boat Bags

Modification Contract from the U.S. Navy

Everett Shipyard Bags Contract from the U.S.

Navy

Aker Philadelphia Shipyard Delivers New

to American Shipping Company

ngineering & Shipbuilding Delivers

Oil Tanker to Fratelli d’Amico

Armatori

the First LNG-FPSO Order

LEX LNG

bor Research Institute Introduces

a

ngineering & Shipbuilding Signs

Agreement with Port of Tanjung

Pelepas

Shipyard Delivers the First TIOLI

iver Tanker to Veka Shipbuilding

aritime Inks Agreement to Acquire

psize New Building Vessels

ems San Diego Ship Repair Bags

Contract

ortable Machine Tools Unveils

imax FF6100 Flange Facer

Announces Plans to Construct Two

ock Carriers

hipbuilding & Marine Engineering

Out Two New Vessels

a Plovidba Receives Contract from

k Ship Owner

teel Shipyard to Divest Loksa

rd

hipbuilding & Repair Bags Contract

Tailwind Financial Plans to Acquire

lk Vessels

yce Inks Agreement with Abu

Ship Building

hipbuilding & Marine Engineering

ajor Order

ific Shipyards Wins Contract from

S. Navy

Introduces Eria Colossus Bulk Carrier

Shipping Corp. of India Inks Contract with

ipyard

ds and MSC Cruises Sign Contract

Keppel FELS Signs Contract with

International

eri to Acquire MMG from

woc Company

Krupp Marine Systems Sign

ent with AVEVA

-Hyundai Engine Obtains Order

Dual Fuel Engines

a Vale Signs Agreement with

eng Shipbuilding

ne Holdings Incorporates New

iaries in Singapore

ect Services Changes Name

Vyborg Shipyard to Build New

ilding Complex

Heavy Industries Bags Contract

urope

Shipbuilding Delivers Ship to Graig

d Sealion Shipping Receive Ship

Order

Shipyard Unveils the First Hull

hipyard Signs Three New Contracts

gradation

ingmarine Secures Contract from

ervicii Petroliere

Dynamics NASSCO Starts Building

Third Product Carrier Ship

Standard Marine & Ship Repair Bags Contract

Jiuhua Shipbuilding Base to Commence

Production

SPP Shipbuilding Signs Agreement with

AVEVA

Abu Dhabi Ship Building Signs MoU with

BVT Surface Fleet

Todd Pacific Shipyards Bags Contract from

Glacier Fish Company

Rolls-Royce Bags Major Orders from Two

Asian Shipbuilders

Qingdao Beihai Shipbuilding Inks Agreement

with AVEVA

China Shipping to Divest Terminal Unit

Aker Yards Signs Contract with DOF

NASSCO Bags Contract from the U.S. Navy

Sembawang Shipyard Wins Contract

Kawasaki Shipbuilding Delivers LPG

Carrier Summit River

General Dynamics NASSCO Receives a

Modernization Contract from the US Navy

Song Thu Bags Ship Building Contract

Keppel FELS Receives Contract from

Scorpion Offshore

Aker Solutions Receive Contract from

Jurong Shipyard

Mitsubishi Heavy Industries Delivers Ship

to Mitsui O.S.K. Lines

DSME Receives Orders from European and

Asian Companies

Jurong Shipyard Signs Deal with Aker

Contracting

Kawasaki Shipbuilding Delivers Energy

Navigator

Colfax Bags VT Shipyard Pump Packages

Contract

ABG Shipyard Bags Shipbuilding Contract

from Sealion

Top 3 Players bag Contracts Worth

US$2.32 Billion

Daewoo Shipbuilding & Marine

Engineering Develops Pre-swirl Stator

Daewoo Shipbuilding & Marine Engineering

Unveils Two New Vessels

Mitsui Engineering & Shipbuilding

Delivers M.T. “Yasa Golden Dardanelles

Rolls-Royce Establishes New Facility

McDermott International Forms JV with a unit

of China Shipbuilding Industry

Genco Shipping & Trading to Acquire

6 Drybulk New Building

Todd Pacific Shipyards Receives Contract

from U.S. Coast Guard

VT Group Enters into Joint Venture with BAE

Systems

Rolls-Royce Secures Order from BGP Marine

China

Daewoo Shipbuilding & Marine Engineering

Obtains Order for 10 Ships

Mitsui Engineering & Shipbuilding Delivers

M.V. “HONEST SPRING”

Apeejay Shipping to Establish Ship Repairing

Facility and Building Yard

Daewoo Shipbuilding & Marine Engineering

Launches New Drill-ship

Cochin Shipyard Delivers Five Platform

Supply Ships

Keppel FELS Wins Contract for

Semisubmersible Rig

Keppel FELS Obtains Contract from ENSCO

International

Larsen & Toubro to Invest INR2, 500 Crore

Kawasaki Shipbuilding Launches Anna-Barbara

Bulk Carrier

Nigeria Daewoo Shipping Introduces

First Lifting

PennShip Services Starts a Ship-Repairing

Yard in Philadelphia

Continental Forms Shipbuilding JV with

Yizheng Jianghaiyang

Adana-Yumuralik Free Zone to

House New Five Shipyards

Rousse Shipyard to Deliver Eighth Ship for

Nimmrich & Prahm

Rolls-Royce Establishes New Marine Service

Facility

MTG Dolphin Delivers First Vessel for Veka

Shipbuilding

Bocimar International Sells Three Vessels

to Genco

Bocimer International to Procure New Ship

from Shanhaigun and Jinhaiwan

Odense Shipyard Rolls Out Marchen Maersk

Nantong COSCO Completes Shipbuilding

Dock for Kawasaki

Keppel Singmarine Bags Specialized

Shipbuilding Contracts

SCI to Form Joint Venture with ABG Shipyard

L&T and TNIDC to Establish New Port

and Ship Building Facility

Kherson Shipyard Delivers Aries Warrior

DSME Rolls Out Two New Vessels

Daewoo Shipbuilding & Marine Engineering

Receives New Drill Ship Order

Abu Dhabi Ship Building Bags Contract

from UAE Coast Guard

BAE Systems Norfolk Ship Repair Bags

Contract Modification

Northrop Grumman Shipbuilding Receives

Contract from the US Navy

Rolls-Royce To Build a Polar Research Vessel

for NIMR

General Dynamics NASSCO Unveils USNS

Amelia Earhart (T-AKE 6)

China Shipping Group Signs Agreement with

Baosteel Group and China State Shipbuilding

TTS Handling Systems Receives Contract from

China Shipbuilding & Offshore International

Abu Dhabi Ship Building Enters into Strategic

Alliance with AVEVA Marine

Beluga Shipping to Increase Fleet to 75 Ships

Kawasaki Shipbuilding Unveils Navios

Armonia Bulk Carrier

STX Shipbuilding Bags Orders from

European Shipping Companies

Shipping Corporation of India to Enter into Joint

Venture with STX Shipbuilding Company

Rolls-Royce Signs MoU with Vinashin

ASL Shipyard Receives Contract from

European Customers

Todd Pacific Shipyards Bags Contract from

Military Sealift Fleet Support Command

Rolls-Royce Bags Contract from China

Oilfield Services

Daewoo Shipbuilding & Marine Engineering

Secures Contract from European Shipping

Company

Kawasaki Shipbuilding Supplies Mochishio

Submarine

Conrad Industries Signs a New Construction

Contract

Aker Yards Receives Contract from Royal

Arctic Line

DSME Secures New Orders from S.A.O.C.

Fincantieri Unveils Cruise Barcelona

Vinashin Soai Rap Commences Plants

Construction

Fincantieri and Compagnie des Iles du Ponant

(CMA CGM Group) Sign Agreement

DSME Receives Order from Sendirian Berhad

General Dynamics NASSCO Secures

Contract from the US Navy

Fincantieri Rolls Out Cruise for Princess

Cruises Lines

Larsen and Toubro to Construct a Ship

Building Yard

CACI International Bags Contract from

Naval Sea Systems Command

Hanjin Heavy Industries Inks Agreement

with AVEVA Marine

DSME Delivers Two Ships to Sovcomflot

and Vela

Kawasaki Shipbuilding Launches Santa

Theresa Bulk Carrier

Dolphin Offshore Enterprises to Venture

into Shipbuilding

DSME to Deliver Semi Submersible Drilling

Rig to Odfjell

Keppel FELS Enters into Joint Venture with

Jurong Shipyard

Goodearth Maritime to Set up a Shipbuilding

Yard

Kawasaki Shipbuilding Supplies a Reimei

LPG Carrier to Sherwood Overseas

Northrop Grumman Bags Shipbuilding

Contract from the U.S. Navy

Jiangsu New Yangzi Shipbuilding Secures

a Shipbuilding Contract from COSCO

ABG Shipyard Receives New Overseas Orders

Electric Boat Bags Contract Modification

from the U.S. Navy

SHI Constructs Unique Multidirectional

Oil Tanker

Kawasaki Shipbuilding Supplies Celestine

River

Todd Pacific Shipyards Enters into a Contract

with Washington State Ferries

Carnival Places Order for Two Cruise Ships

Rousse Completes Construction of a 4,500 ton

Cargo Ship

Mitsui Engineering & Shipbuilding Supplies

MV LADY GIOVI

Mitsui Engineering & Shipbuilding Delivers

MV "BRASIL MARU"

Rolls-Royce Bags Contract from Sinopacific

Shipbuilding

Indian Companies to Plunge into Shipbuilding

Electric Boat Receives Contract Modification

from the U.S. Navy

Keppel Shipyard Secures Contract from

Prosafe Production

Aker Philadelphia Shipyard Enters into

Agreement with Aker American Shipping

Hanjin Heavy Industries to Construct

a New Shipyard

Fincantieri Launches Queen Victoria for

Cunard Line

Vyborg Shipyard JSC Delivers

STRIL MARINER

Jinhui Shipping to Buy Two Ore Carriers

Sembawang Shipyard Inks Contract with

Equinox

Indian Companies to Expand Shipbuilding

Capacity

Detyens Shipyard Obtains Contract from

National Oceanic & Atmospheric

Administration

DSME Introduces Drillship and PCTC

Bath Iron Works bags Contract from the

U.S. Navy

Kawasaki Shipbuilding Delivers LNG Carrier

to Maple LNG Transport

SHI Completes Construction of the First Drill Ship

Gulf Copper Ship Repair Receives Contract

from the U.S. Navy

Bharati Shipyard Bags Contract from Opielok

Korea Shipyard Signs Contract with AVEVA

Remontowa Bags Ferry Construction Contract

BAE Systems San Diego Ship Repair Secures

Contract from Naval Sea Systems Command

Bharati Shipyard Inks JV Agreement with

Apeejay Shipping

Kawasaki Shipbuilding Unveils

Anna-Elisabeth Bulk Carrier

China Shipping Development and CSSC

Guangzhou Longxue Shipbuilding Sign

Agreement

Kleven Verft Secures Vessel Delivery

Contracts from Siem Offshore

Keppel Singmarine Delivers Supply Vessel

to Gulfmark Offshore

Nizhegorodskiy Teplokhod Delivers 6th Hull

for Rensen Shipbuilding

Fincantieri Introduces a new Destroyer Vessel

for Italian Navy

DSME Obtains Order for Ships from Vela

International Marine

Cochin Shipyard Receives Contract from DOF

TTS Ships Equipment Obtains Contract from

Odense Steel Shipyard

Keppel Nantong Shipyard Secures

Shipbuilding Contracts

Fincantieri Receives an Order for Two

New Cruise Lines from Costa Crociere

Fincantieri Introduces Cruise Line for Carnival

Cruise Lines

Bharati Shipyard to Form Shipbuilding Yard

Joint Venture with Apeejay Shipping

Lotos Shipyard Rolls Out the Hull of New

Container Carrier

Astrakhan III International Shipyard to Deliver

Dry Cargo Ship for Rensen Shipbuilding BV

Bharati Shipyard Bags Order from Shipping

Corporation of India

Konecranes Secures Contract for Goliath

Gantry Cranes

Fincantieri Enters into an Agreement with

Cunard Line

Everett Shipyard Receives Contract from

the U.S. Navy

Fincantieri Unveils “Super Star” Cruise Liner

to Tallink

DSME Delivers Gang-Gam-Chan

JURONG Shipyard to Form JV with WTorre

Shipping Corp. of India Orders Ten New Ships

Rolls-Royce Buys Seaworthy Systems

ABG Shipyard Bags Order from

Bereederungsgesellschaft H Vogemann

Electric Boat Wins Contract from

the U.S. Navy

Thoresen Shipping Signs Contract with

Vietnam Shipbuilding Industry Group

COSCO Shipyard Group Obtains Contracts

for Building Bulk Carriers

ABG Shipyard Receives Order from Essar

Shipping & Logistics

Rensen Shipbuilding Inks Shipbuilding

Contract with Zelenodolsk Plant

Cargotec Secures Order for Supplies to

Cargo Vessels

Reliance To Set Up Ship Building and

Dredging Companies

BAE Systems San Diego Ship Repair Obtains

Contract from the U.S. Navy

Globus Maritime to Acquire a Panamax Bulk

Carrier

HHIC Secures Order for 5 Container Ships

RK HDW Gaarden Launches Maruba Europe

Wartsila-Hyundai Engines to Build

Dual-Fuel Engines

DSME to Construct World’s Largest Floating

Dock

Ningbo Shipyard Bags a Contract from

Global Carriers

DSME Establishes Ship Block Factory

Larsen and Toubro Bags a Contract with

RollDock

General Dynamics NASSCO Commences

Building of a New Line of Ships

General Dynamics NASSCO Signs Shipbuilding

Agreement with the U.S. Navy

SHI Bags Orders from Stena Company

Standard Marine & Ship Repair Bags

Contract from the U.S. Department of

Homeland Security

Built Environs and McConnell Dowell Secure

Contract

General Dynamics NASSCO Secures

Contract from the U.S. Navy

Samsung Heavy Industries to Build New

Block Assembly Factory

Muhibbah Marine Engineering Bags Contract

from Tanjung Kapal Services

NicoCraft Rolls Out Nemo

Kawasaki Shipbuilding Unveils Anna-Maria

Bulk Carrier

Punj Lloyd Signs MOU with Pipavav Shipyard

Keppel Launches New Shipyard in Nantong

Bharati Shipyard Receives Contract from

UP Offshore

ASC Shipyard Selects Hansen Yuncken

for Adelaide Shipyard Expansion

Hanjin Heavy Industries & Construction

Group to Split

Daewoo Shipbuilding Rolls out Two Vessels

HHI Constructs LPG Carrier for Bergesen

Rolls-Royce Signs Contract with UK Ministry

of Defense

Everett Shipyard Secures Contract from

the U.S. Navy

DSME Introduces First LNGC Vessel

for KLC

ABG Shipyard Secures Order from Precious

Shipping

ASL Shipyard Obtains Major Shipbuilding

Contract

China Oilfield to Acquire New Marine

Support Vessels

Standard Marine Secures Contract from U.S.

Department of Homeland Security

Clough Enrolls New Ship to Fleet

AVEVA Wins Contract from

SLS Shipbuilding

Northrop Grumman Wins Contract from

the U.S. Navy

DSME Launches H.2250 at RD#3

Gujarat NRE to Buy Ships from Japanese

Shipyard

SHI Completes Building the World’s

Biggest LNG Carrier

Fincantieri Unveils ‘Sagar Nidhi’ for the

National Institute of Ocean Technology

Bharati Shipyard Secures Order from Sea

Cargo Skips

SLS Shipbuilding Secures Order from MISC

STX Shipbuilding Secures Order from

Middle East Company

Kawasaki Shipbuilding Supplies BW Broker

LPG Carrier

Kawasaki Shipbuilding Supplies Tamagawa

VLCC

Third International Shipyard Introduces

the Hull for Rensen Shipbuilding

Wartsila CME Zhenjiang Propeller to

Establish Propeller Plant

SHI Expands Ningbo Ship Block Factory

Fincantieri Launches a Ferry for Grimaldi Group

Standard Marine & Ship Repair Secures

Contract from the U.S. Department of

Transportation

Sovcomflot and Novorossiysk Ship Repair

Yard Sign Agreement

Changrong Steel, Jiangsu Xinrong Shiprepair

and CSSC Chengxi Shipyard Sign Contract

BAE Systems Norfolk Ship Repair Receives

Contractfrom the U.S. Navy

COSCO Secures Contract from Chengxi

Shipyard

Bharati Shipyard and Great Offshore Sign

Contract

Jiangsu Eastern Shipyard Secures Contract to

Build Oil Tankers

Odessos Shiprepair Yard to Buy Floating Dock

Rolls-Royce Secures Contract from OSM

Schiffahrt

Bharati Shipyards Wins Contract from Offshore

Shipping I

Fincantieri Unveils The Ventura

MacGregor Obtains Contract from Cosco

Dalian Shipyard

Kawasaki Shipbuilding unveils Orient Phoenix

Bulk Carrier

Tsuneishi Shipbuilding Introduces Wave Power

Yacht

Rolls-Royce Bags Contract from Ezra Holdings

Bharati Shipyard Secures Contract from Man

Ferrostaal

Kawasaki Shipbuilding Corp. Delivers

Crude oil Carrier to Gios Maritima

Hanjin Heavy Industries Receives Order of

Eight Post-Panamax Container Carrier and

Several New Projects

China Shipbuilding Industry Receives Contract

from Hebei Ocean Shipping

CSSC Delivers Ship to Stenersen

CSSC Receives Contract from Stenersen

DSME Bags Contract from T&H and NV

Hindustan Shipyard Delivers Good Princess to

Goodearth Maritime

General Dynamics NASSCO Commences

Manufacturing of 7th T-AKE Ship

DSME Receives Order from Liberty Maritime

Gulf Copper Ship Repair Receives Contract

from U.S. Army

SWECO AB Bags Contract from Aker Yards

Aker Yards Secures Contract from Royal

Caribbean Cruises

Hanjin Heavy Industries Establishes

New Facility

Aker Yards Bags Contract from Aker Capital

The Union Territory of Lakshadweep and

Colombo Dockyard Ink Agreement

Jurong Shipyard Secures Contract from

SeaDrill

Standard Marine & Ship Repair Obtains

Contract from the Dept. of Homeland

Security

Rolls- Royce and University of Manchester

Establishes New Testing Facility

Mitsui Engineering & Shipbuilding Supplies

MV NSS HONESTY

DSME and DMHI Obtains Orders for 16 Ships

Bharati Shipyard Snaps Up Assets of Swan

Hunter Shipyard

Larsen & Toubro Plans to Establish a Ship

Building Yard

ABG Shipyard Secures Shipbuilding Contract

Hartmann Group Orders Supply Vessels from

Fincantieri

Aker Yards and MSC Cruises Sign Contract

Kawasaki Shipbuilding Unveils KT Venture

Bulk Carrier

Standard Marine & Ship Repair Bags Order

ASL Marine Holdings Receives Major

Contracts

CSSC and Shanghai Baosteel Group to Invest

in Shipbuilding

Hanjin Heavy Industries & Construction

Receives Order from Danaos

Fincantieri Inks Agreement with Oceania

Cruises

Fincantieri Signs Agreement with Silversea

Cruises

Kawasaki Shipbuilding Delivers Crude oil

Carrier to Colnago Maritima

Chengxi Shipyard Company Receives Contract

from Hongkong Huaguang

Diana Purchases A Dry Bulk Carrier

MacGREGOR Enters into Joint Venture with

Vietnam Shipbuilding Industry Group

Jinhui Holdings to Acquire a Supramax Ship

Todd Pacific Shipyards Wins Contract from

the Military Sealift Fleet Support

American Commercial Lines Buys Assets

from McKinney

Pelican Offshore Services Bags Shipbuilding

Contract

Fincantieri Delivers Carnival Freedom to

Carnival Group

Abu Dhabi Ship Building Clinches Contract

from UAE Naval Forces

Coastal Offshore Secures Contract

for 7 Offshore Support Vehicles

General Dynamics NASSCO Receives

Contract from the U.S. Navy

Kawasaki Shipbuilding Launches Bulk Carrier

Daewoo Mangalia Heavy Industries Signs

Contract with Hamburg Sud

Todd Pacific Shipyards Bags Contract from

Military Sealift Fleet Support Command

Fincantieri Partners with Turkish Yard

ABG Shipyard Bags Shipbuilding Order

from Pacific First Shipping

DSME to Undertake Facility Expansion

Daewoo Shipbuilding & Marine Engineering

Enters into Joint Venture to Form NIDAS

Fincantieri Signs Agreement with Carnival

Corporation

Bath Iron Works Bags Contract from the

U.S. Navy

Bach Dang Ship Building Unveils Golden

Falcon

Northrop Grumman Bags Shipbuilding

Contract from the U.S. Navy

Boustead Holdings to Buy Sites from PSC

Asset Holdings

Tuticorin Port Trust to Construct Ship Building

Yard

BAE Systems Bags Ship Overhaul Contract

from the U.S. Navy

Eidesvik Enters Into Alliance with Ulstein

Verft for Building SX121 Ship

Atlantic Marine Alabama Wins C-9 Conversion

Contract from Matson Navigation

Wartsila Bags Order from Chinese

Shipyards

Wartsila, Mitsubishi Heavy Industries and

China Shipbuilding Industry to Form

a Joint Venture

ODIM Signs Contract with Shipyard

VT Halter Wins Contract from the US Navy

Indian Navy to Increase Fleet Size

Hyundai Bags a Mammoth Order from

CMA-CGM

Santierul Naval Orsova to Upgrade

Technology

TBS International to Purchase Two

Bulk Carriers

Hyundai Completes Slipway Construction

and Announces Expansion

Pipavav Shipyard Secures Order from Europe

Hyundai Bags Order from China

Todd Pacific Shipyards Secure Contract from

the U.S. Navy

Standard Marine & Ship Repair Bags Contract

from the U.S. Department of Homeland

Security

Norilsk Nickel Receives Contract from

Aker MTW Werft

Todd Shipyards Obtains the U.S. Navy

Repair Contract

Daewoo Shipbuilding Wins Contracts from

Gebab Holding and Conti Holding

Nam Trieu Shipbuilding Launches Colossal

Cargo Vessel

Northrop Grumman Receives Ship

Modification Contract

BAE Systems Secures Repair Contract from

the U.S. Navy

Sonatrach Petroleum Enters into Joint Venture

with Kawasaki Shipbuilding

Acergy Signs Pact with DOFCON

Aker Yards and Damen Shipyards to Form

Joint Venture

Keppel Shipyard Bags Conversion Contract

BAE Systems Norfolk Ship Repair Secures

Contract from the U.S. Navy

Sovkomflot Signs Agreement with Admiralty

Shipyards

Saigon Shipbuilding Unveils Vien

Dong 5 Ship

Technip Inks Contract with Geo ASA

ISOICO Signs Agreement with Venezuela

Gulf Copper Ship Repair Bags Contract from

the U.S. Navy

Larsen & Toubro Receives Contract from

Zadeko Ship Management

Bath Iron Works Secures Contract from the

U.S. Navy

Song Thu Inks Contract with Damen Group

Caspian Services Inks MoU with Nico

International and Kazmortransflot

Quickstep Holdings to Purchase Flatout Boats

Damen Shipyards Obtains Contract from

Istanbul Deniz Otobusleri

Ship Finance International to Buy

Five Container Vessels

Northrop Grumman Ship Systems Secures

Contract from the U.S. Navy

New Century Shipbuilding and AVEVA

Sign Contract

Northrop Grumman Ship Systems Bags

Contract from the Defense Department

Sanwa Dock Invests in Ship Repair Dock

Samsung Heavy Industries and Marine and

Heavy Engineering to Form Joint Venture

SembCorp Marine to Invest in Cosco

Shipyard

Phu Yen Seafood Opens Shipbuilding

Factory

Bulyard Shipbuilding Industries to Spend

on Upgrades in Varna Shipyard

Keppel Shipyard Receives Contract from

Golar LNG

Alstom and Aker Yards to Form Joint

Venture

Sembawang Shipyard Secures Contract

from Bergesen

GLOBAL DIRECTORY

Abstract

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