Monday, December 24, 2012

[Ship Building] Japan boosts Eco/Offshore

Japan boosts Eco/Offshore

Shipbuilders' Association of Japan Chairman Kazuaki Kama said "It has been a very difficult year," looking back on 2012.

Kama said Japanese shipbuilders had been struggling with low orders, having contracted 3.46m-cgt export ships in the first eleven months of this year, declined by 8% year-on-year, however, they successfully win Eco ships.

Kama said during 2012's last regular meeting that as Japan was being highly appreciated in eco-friendly ship segment, he was hoping Japanese shipyards would promote technical differentiation in the field.

Also, he said that Japanese shipyards planned to overcome recent crisis by developing Eco-ship technology and reducing construction costs.

He said, with global newbuilding deliveries reached around 100m gt in three consecutive years, tonnage overcapacity strengthens. Although demolition of old vessels is increasing, it will take time before over-supplied tonnage would be relieved.

Therefore, shipyards are suggested that they should slow down operation with orderbook less than two years and wait for newbuilding demand to turnaround.

He added that entrance into offshore business would be the biggest project for Japanese shipbuilders and fresh government to be inaugurated would hopefully secure budgets for offshore-related business.

In Particular, Japan only accounts for 1% of global offshore-plant market, Japanese shipbuilding industries should boost offshore industry as well, amid protracted order drought in commercial ship segment.

Published : December 20, 2012

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