China’s Nantong earmarks $6.5m to subsidise shipbuilders

PostTime:2014-07-31 09:42:15 View:1124

China’s Nantong city government has announced subsidies worth RMB40m ($6.5m) for the local shipbuilding sector. Nantong, located in one of China’s main shipbuilding provinces Jiangsu, has earmarked the RMB40m to support local shipyards in securing newbuilding orders and in purchasing equipment domestically. Shipbuilders will receive a RMB10,000 subsidy for every 10,000 dwt in capacity of confirmed newbuilding order, local media reported. In addition, shipyards buying marine equipment from the domestic market will receive a 2% rebate each year from the annual purchase amount, with a maximum subsidy of RMB2m a year. In 2013, Nantong government had provided subsidies worth a total of RMB10.27m to 12 shipyards for 21 projects, of which 14 are offshore jobs and seven are shipbuilding contracts.

Jiangsu's Nantong Comprehensive Bonded Zone becomes operational

PostTime:2014-07-01 08:28:58 View:929

THE Nantong Customs has recently entered the Nantong Comprehensive Bonded Zone, the first of its kind in central Jiangsu province, marking the official operation of the Nantong bonded zone, reports Xinhua. The Nantong Comprehensive Bonded Zone is composed of two parks. The 1.5-kilometre Park A is located in the former export processing zone while Park B occupies an area of some four square kilometres, adjacent to a planned container dock with an annual handling capacity of two million TEU.  Park A will focus on commodity exhibitions and Park B mainly provide services including bonded logistics and bonded processing. Once in operation, enterprises in the bonded zone can benefit from a variety of preferential policies such as goods trade, service trade, virtual customs checkpoint, bonded logistics and processing. Moreover, companies can also enjoy more convenient customs clearance and high quality services.

COSCO Nantong delivers heavy lifter

PostTime:2014-03-21 08:13:53 View:672

SINGAPORE – COSCO (Nantong) Shipyard Co. Ltd. has delivered the SapuraKencana 1200 pipelay heavy-lift vessel to its Asian buyer.     The vessel is designed for multiple functions, including oil piping processing, laying, installation, and heavy lifting. Classed by ABS, the vessel is capable of working in shallow water of up to 200 m (656 ft) with a 10-point mooring system. It is also equipped with DP-3 which enables it to carry out heavy-lifting installation of large-scale offshore structures such as platform blocks, modules, and jackets, as well as S-type pipe-laying operations in water depths of up to 1,500 m (4,921 ft).     The SapuraKencana 1200 measures 153.6 m (504 ft) in length, 35 m (115 ft) in breadth, and 16.8 m (55 ft) in depth, with a design draft of 7.5 m (25 ft) and a lifting capacity of 1,300 metric tons (1,432 tons).

Nantong customs notes return of poor quality exports up 31pc in 2013

PostTime:2014-01-28 10:38:11 View:762

NANTONG inspection and quarantine authorities noted a 31 per cent year-on-year increase of returned poor quality exports in 2013. Value of these returned goods also grew 13.64 per cent to US$9.62 million, which include textile, garments, electrical and mechanical products, food, animals and plants, said Xinhua. Thirty-seven batches of returned exports were from emerging markets, 42.31 per cent more than in 2013. Their value soared 203.53 per cent to $4.11 million. These goods, mostly electrical and mechanical products, chemicals, minerals, textiles and food, were returned for their poor quality. Twenty consignments were returned from south east Asia, five were from Central and South America, 12 were from Middle East. Middle East returned goods were returned at three times the rate in 2012 and the value increased 340 per cent to $1.6 million. During recent years, exporters have been actively expanding their business to the emerging markets as traditional ones like Europe and US are suffer shrinkage.  Exporters sold their poor-quality products at low prices to these markets. This has resulted in a surge of returns. The customs reminds these exporters, selling ill-quality products. Hence the causes of returned of goods and claims for compensation do not only harm China's profits, but its reputation, said Xinhua.  

Jiangsu's Nantong port cargo volume hit 200 million tonnes in 2013

PostTime:2014-01-10 08:36:30 View:605

PORT of Nantong, in eastern China's Jiangsu province, recorded a total cargo volume of 200 million tonnes in 2013 after surpassing 100 million tonnes in 2006 for the first time, reports Xinhua.  With a designed annual cargo handling capacity of 130 million tonnes, the port now has a total of 268 berths, including 182 production berths and 86 outfitting berths. At present, it operates lines to more than 300 ports in over 100 countries and regions worldwide, with maximum 200,000-tonne capacity terminal.  

Cosco Nantong bags $200m deal from Cotemar

PostTime:2013-07-19 08:36:37 View:688

Cosco Nantong Shipyard has bagged a contract to build an accommodation vessel contract from Cotemar in Mexico. The contract worth over $200m is for a harsh environment semi-submersible accommodation vessel and it is due to be delivered in 24 months time. The contract was one of two options held by Cotemar at Cosco. The vessel will be built to GustoMSC Ocean500 design and have capacity of 750 POB, DP3 Dynamic Positioning system and is designed to operate in the Santos Basin, Gulf of Mexico and in the North Sea.

Nantong port box volume up 11pc to 176,800 TEU in first four months

PostTime:2013-06-06 08:29:56 View:588

THE Jiangsu Nantong port in eastern China posted a year-on-year 11.4 per cent increase in container throughput to 176,800 TEU in the first four months of the year, reports Xinhua.  From January to April, the port's overall cargo throughput rose 6.97 per cent to 63.16 million tonnes. Its collective cargo throughput is expected to reach 200 million tonnes this year.  Also, foreign trade cargo throughput was up 10.16 per cent to 14.07 million tonnes in the first four months, including 8.35 million tonnes handled by Nantong Port Group.  In April, the port container throughput increased 39.2 per cent year on year and 28 per cent month on month to 59,700 TEU, setting a record high.

Nantong Cosco KHI shipyard's 13,386-TEU Cosco Belgium delivered

PostTime:2013-03-08 08:24:54 View:1005

THE 13,386-TEU containership built by Nantong Cosco KHI Ship Engineering Co Ltd (NACKS), the shipbuilding joint venture of Cosco and Kawasaki Heavy Industries Ltd (KHI), recently celebrated its naming and delivery to Cosco, Xinhua reports.  The vessel, named "Cosco Belgium", is the first of the series of eight ships developed and built by NACKS. It is 366 metres long, 51.2 metres wide, 29.85 metres tall and can cruise of 24.3 knots. It will be deployed on the Asia-Europe service.  The ship was put on a test sailing down from lower Yangtze River to the waters at Zhejiang province's Zhoushan Island in early February.  The successful design and building of the ship is said to have broken the monopoly of foreign shipyards in the building of mega containerships. 

Nantong Cosco KHI wins order for two 61,000 dwt bulkers

PostTime:2013-01-08 08:42:30 View:665

Nantong: Nantong Cosco KHI Ship Engineering Co (Nacks) inked an order to build two 61,000 dwt dry bulk carriers for Josco Jiangsu.The newbuilding contract calls for delivery in the first half of 2014 for the two vessels. Financial terms of the contract were not disclosed but estimates suggested a price tag of more than $25m each.Josco Jiangsu said the new orders were placed at a time of lower newbuilding prices and to take advantage of fuel savings features of new vessels.  

Cosco Nantong set to build $370m FPSO

PostTime:2012-12-19 08:36:22 View:1034

COSCO Nantong Shipyard, a subsidiary of Singapore-listed Cosco Corporation, has won a contract to build a $370m FPSO for an unspecified European company, SinoShipNews reports. The FPSO will measure 78 min diameter, 32 m high and will have a storage capacity of up to 400,000 barrels of oil. The FPSO is scheduled for delivery in June 2015.

Nantong offshore rises

PostTime:2012-12-07 09:27:10 View:555

While offshore fever sweeping Chinese shipbuilding industries, Nantong's active offshore business appears to be of a great help to stabilization of shipbuilding and related industries in the area. During the first ten months of this year, Nantong's overall production value of offshore facilities stood on CNY 12.24bn ($1.97bn),  by 22.1% year-on-year. Total delivery of offshore-related and specialized ships/units increased by 9.6% year-on-year. COSCO Nantong Shipyard was awarded for its design and technology of deep-sea cylindrical drilling platform in February this year. Besides, offshore-specialized builder, accounting for one third of Chinese overall shipbuilders, such as Nantong Mingde Heavy Industry, Daoda Heavy Industry, among others, are making progress in Nantong. -->

Damen places 4 more orders at Nantong Yahua Shipbuilding yard

PostTime:2012-11-29 08:06:58 View:742

During a ceremonial party last Wednesday 21st of November Damen Shipyards signed the contracts for another 4 vessels. Damen Shipyards invited all the workers, suppliers and customer representatives to celebrate this new order. During the evening, with 1500 spectators, the contracts were signed for the building of 2 pieces Damen Stan Pontoon 4113 with heavy deck execution, Damen news release said. Those pontoons are for Damen’s stock position but intended to be for the Australian market. The two pontoons will be finished in February 2013. Also a contract was signed for a Damen Stan Lander 5915 for Smit Lamnalco. Smit Lamnalco will use the Landing Craft vessel for the Shell project in Gabon and is scheduled to be finished at the end of 2013. Last but not least a contract was signed for Damen’s new customer AG&P. This contract contains a hugo Module Offloading pontoon of 140*40 meters and will be used as a transition pontoon for a huge LNG project in Australia. This pontoon has high ballast capacities and will be delivered by the end of 2013. Damen Shipyards Pontoons&Barges division is a young division within the Damen Shipyards Group and has an order book of more than 40 vessels at the moment. The philosophy of Damen Shipyards to have vessels on stock to ensure short delivery times is also a part of the Pontoons&Barges division and at this moment several finished or semi-finished barges are available in both Rotterdam or Nantong-China.