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PR Newswire
18-12-2015, 10:42 AM
An informative update on the company current status, and future trend. Chairman Ren forecasts at least three (3) more years of winter. He had wrongly forecasted a recovery in 2015/2016. I wish he is wrong again this time 
(vested as core)
Higher-value vessels to tide Yangzijiang over downturn
18 Dec 2015 09:00
By Tan Hwee Hwee
YANGZIJIANG Shipbuilding Holdings is aiming to keep itself on an even keel amid a continued industry downturn by taking on higher-value orders for specialised vessels in niche markets, says its executive chairman Ren Yuanlin.
Mr Ren told BT that the Singapore-listed Chinese shipbuilding group has benefited from a steady stream of commercial shipbuilding orders backed by new international regulations coming into force from 2016.
International Maritime Organisation has outlined measures including Tier III NOx (nitrogen oxide) controls for new ships from January 2016 for vessels sailing in existing NOx emission control areas. This spurred newbuild orders for containerships and dry bulk carriers even as margins for vessel operators in these segments took a beating.
The Chinese shipbuilding group in November announced 12 additional vessel orders totalling US$730 million for containerships ranging from 1,900 to 11,800 TEU and 84,000 cubic metre very large gas carriers for deliveries from 2017 through to 2018.
With the newbuilding upswing for commoditised vessels fed by new imminent regulatory demand now nearing its tail-end, YZJ has commenced talks with owners seeking newbuild possibilities for vessels designed for specific purposes such as for loading and unloading cargoes in the five lakes of Canada, according to Mr Ren.
A potential client is believed to be Algoma Central Corporation. Algoma said in a December press release that YZJ was commissioned in place of the now-bankrupt Nantong Mingde Heavy Industries to build two 740-foot self-loading bulkers. Mr Ren did not confirm the published details on the newbuild deal, but said the vessels would be priced at 30 per cent or more over comparable, commoditised dry bulk carriers.
YZJ is also looking at building momentum in the gas segment following a breakthrough order in February with JHW Engineering & Contracting, a Jaccar Holdings unit, to build two 27,500 cubic metre LNG carriers at US$135 million.
Competition for newbuild gas transportation vessels is restricted among selected yards with the required shipbuilding capabilities, Mr Ren said in support of the move into the gas segment.
The YZJ chairman also sees increased commitment towards greenhouse gas reductions particularly from China during the Paris Climate Change Summit as boding well for clean energy demand as well as newbuild requirements for gas transportation vessels.
Despite the bright spots in gas transportation and other niche segments, shipbuilders are nonetheless in for a long winter that will last for three years or more, the head of the shipbuilding group acknowledged to BT. The number of shipyards in China - having shrunk to about 300 from 3000 - may fall below 50 in another three years, the executive had earlier projected.
Instead of shying from its core shipbuilding business, YZJ has doubled its market share as the domestic shipbuilding industry works through a multi-year consolidation.
...
Source: Business Times
(vested as core)
Higher-value vessels to tide Yangzijiang over downturn
18 Dec 2015 09:00
By Tan Hwee Hwee
YANGZIJIANG Shipbuilding Holdings is aiming to keep itself on an even keel amid a continued industry downturn by taking on higher-value orders for specialised vessels in niche markets, says its executive chairman Ren Yuanlin.
Mr Ren told BT that the Singapore-listed Chinese shipbuilding group has benefited from a steady stream of commercial shipbuilding orders backed by new international regulations coming into force from 2016.
International Maritime Organisation has outlined measures including Tier III NOx (nitrogen oxide) controls for new ships from January 2016 for vessels sailing in existing NOx emission control areas. This spurred newbuild orders for containerships and dry bulk carriers even as margins for vessel operators in these segments took a beating.
The Chinese shipbuilding group in November announced 12 additional vessel orders totalling US$730 million for containerships ranging from 1,900 to 11,800 TEU and 84,000 cubic metre very large gas carriers for deliveries from 2017 through to 2018.
With the newbuilding upswing for commoditised vessels fed by new imminent regulatory demand now nearing its tail-end, YZJ has commenced talks with owners seeking newbuild possibilities for vessels designed for specific purposes such as for loading and unloading cargoes in the five lakes of Canada, according to Mr Ren.
A potential client is believed to be Algoma Central Corporation. Algoma said in a December press release that YZJ was commissioned in place of the now-bankrupt Nantong Mingde Heavy Industries to build two 740-foot self-loading bulkers. Mr Ren did not confirm the published details on the newbuild deal, but said the vessels would be priced at 30 per cent or more over comparable, commoditised dry bulk carriers.
YZJ is also looking at building momentum in the gas segment following a breakthrough order in February with JHW Engineering & Contracting, a Jaccar Holdings unit, to build two 27,500 cubic metre LNG carriers at US$135 million.
Competition for newbuild gas transportation vessels is restricted among selected yards with the required shipbuilding capabilities, Mr Ren said in support of the move into the gas segment.
The YZJ chairman also sees increased commitment towards greenhouse gas reductions particularly from China during the Paris Climate Change Summit as boding well for clean energy demand as well as newbuild requirements for gas transportation vessels.
Despite the bright spots in gas transportation and other niche segments, shipbuilders are nonetheless in for a long winter that will last for three years or more, the head of the shipbuilding group acknowledged to BT. The number of shipyards in China - having shrunk to about 300 from 3000 - may fall below 50 in another three years, the executive had earlier projected.
Instead of shying from its core shipbuilding business, YZJ has doubled its market share as the domestic shipbuilding industry works through a multi-year consolidation.
...
Source: Business Times
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡