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COSCO Nantong pens drilling rigs
PostTime:2011-03-01 08:16:07 View:827
Oslo and New York-listed rig owner Seadrill announced that it has placed an order for two tender rigs at COSCO Nantong Shipyard in China with delivery expected in the first and third quarter of 2013, respectively. Total project price is estimated at $225 million, which includes project management, drilling and handling tools, spares and capitalized interest. "The two new units will be based on similar design and specifications as recently built tender rigs, but with enhanced drilling capabilities allowing for higher drilling efficiency including the advantage of a light weight drilling equipment set," the Bermuda-based company wrote in an exchange filing. Seadrill says the units have been chartered to Chevron Thailand Exploration and Production in a $420m contract running five years. Seadrill Management CEO Alf C Thorkildsen says: "These newbuilds are an important addition to our present tender rig fleet. The new orders increase earnings and visibility, and enhance the attractiveness of our fleet. The $420 million of new contracts demonstrates the competitiveness of our tender rig concept. T15 and T16 will be added to a fleet of four tender rigs already operating for Chevron, further strengthening our relationship with a leading global client."
Nantong: Crowning Jiangsu of China
PostTime:2011-02-23 08:12:18 View:897
In 2010, the industrial value of Nantong Jiangsu reached CNY112.5bn ($17bn) while sales value hit CNY111.2bn ($16.7bn). Nantong contributed a lot to Jiangsu’s crown of China, in terms of output, order intakes and orderbook. With high speed growth in Chinese coastal area and Yangtze River Delta Region, the ship industry of Nantong developed rapidly. With amazing figure growth in 2010, the output of shipbuilding reached 8.07m dwt and offshore project hit complex ton. Both totaled 119.6bn GRT. Currently, there were nearly 600 medium and large shipyards in Nantong. The orderbook achieved around 400 units of 30m dwt, which occupied over 40% of Jiangsu. The orderbooks of large shipyards were extended to 2012. In 2010, the offshore engineering research and development center of COSCO Nantong shipyard was approved by Chinese government. It was the first national-level enterprise technology center in Nantong. Meanwhile, the offshore engineering base of Nantong became the country's model base as well. As the largest shipbuilding city of Jiangsu, Nantong pushed provincial ship industry climbing up month by month. As is known, the output, order intakes and orderbook of Jiangsu all crowed China in 2010.
PostTime:2010-09-03 07:57:35 View:1123
Nantong is a large shipbuilding base in Jiangsu Province. According to official statistics, from January to August Nantong launched 91 ships of 4.84m dwt. In 2009, the annual amount of newly-built ships was just 123 ships totally. Currently the situation of Nantong shipbuilding market is not so bad as it was expected. The output and new orders of large shipbuilders such as NACKS and Rongsheng are to hit new high and keep uptrend. On the other hand, the small medium shipyards like Tongbao and Tongcheng Shipyard just has one or two ships under construction. Some of them even have nothing at all and face bankruptcy. On the other hand, most ships commonly came across delivery delays. As a result, the shipbuilders mired inflow cash drought. In recent years, the shipbuilding industry in Nantong kept high speed growth. The record of newbuilding output amount was always refreshed, including the world’s first self-propelled jack up platform.
Nantong Special: Coastal city with big ambitions gears up for growth
PostTime:2010-06-09 08:04:39 View:926
Local authorities in Nantong hope to develop the city into a regional logistics center, international port city and advanced industrial base, generating an estimated 250 billion yuan in gross domestic product in coastal areas, according to a senior government official. The coastal city in east China's Jiangsu province bases its economic ambitions on two strategic opportunities - the Jiangsu coastal area development program and the economic integration of the Yangtze River Delta, said Mayor Ding Dawei. "The development program, which was approved by the State Council one year ago, offers an ideal growth opportunity for the province's coastal areas," Ding said. "We will capitalize on the opportunity to promote our city and attract more overseas investment," Ding said, adding that now his government is hoping to advance port construction, industrial growth and infrastructure facilities. With some 166 km long river shorelines and 203 km long coastlines, the city now has 48 berths on the river, which can accommodate ships each with not less than 50,000 dead weight tonnages. "Industry is crucial to developing coastal areas," Ding said. Six pillar sectors of machinery and equipment manufacturing, electronic information, petrochemicals, power and energy, textiles and garments, and food have contributed nearly 90 percent of the city's total industrial output. The high-tech sector generated 180 billion yuan in industrial output in 2009, increasing 21 percent over the previous year. Coastal industries like shipbuilding and repairing as well as related supportive facilities, maritime engineering, port machines and equipment, fine chemicals, new energy, and oil and grain are now present in the area. Currently there are 488 shipbuilders in the city. They completed 5.67 million ton ships in 2009, a surge of 95.3 percent over the previous year. A group of high-end maritime projects including a sixth-generation deepwater ocean oil drilling and storage platform, the first of the world, and a 400,000 ton ore carrier were started last year. At the same time, 17 coastal projects with a total investment of 75.2 billion yuan were also signed with the city. "Scientific and efficient development is key to the healthy and sustainable development of the coastal areas," Mayor Ding said. The city now has 13 provincial-level and above, economic development zones, and five coastal industrial clusters. With a total planned area of more than 210 sq km, the five clusters have drawn 369 projects with total investment surpassing 46 billion yuan.In addition, 21 cross-river inter-regional projects are under construction, including a technological industrial park, undertaken in cooperation with Singapore-Suzhou Industrial Park in Suzhou, another city in the province. The initial 9.5 sq km infrastructure facilities of the park in Nantong have begun construction. Ding also cited widespread transportation network, high-quality human resources and a business-friendly environment as appealing factors to investors. The city ranked among the top 10 Chinese cities as overseas investment destinations in 2007. By the end of 2009, more than 9,000 foreign-invested companies had begun operations in the city, with a total investment of $17.2 billion. Nearly 40 Fortune 500 firms have invested in 68 companies in the city. Since 2006, Nantong has had an annual average growth rate of 15 percent. Last year saw the city realized 287.3 billion yuan in gross domestic product. "We vow to create a business-friendly environment for investors, offer improved and efficient services, leave business operations with the market and ensure investors' capital security, so as to achieve win-win results," Ding said.
PostTime:2010-05-31 16:38:28 View:769
On May 28th, Asia's first 3000-meter depth pipe-laying lifting ship, built by China's Rongsheng Heavy Industries Group, came out of the dock. President Chen Qiang said the board of directors had realized the risks in shipbuilding market. So, the group would step up to offshore market. The drilling platform and offshore ship were already on Rongsheng's schedule. Previsouly the group's main rivals in Jiangsu Province such as NACKS and COSCO, have walked for a while in offshore field. COSCO Nantong Shipyard seemed as pioneer in this sunrise industry among domestic shipbuilders, as earkt as 2007. COSCO Nantong Shipyard took about 33.3% of China’s offshore orders, valued over $3.0bn. As is revealed, in 2009 COSCO invested as low as its 1% asset but it triggered 80% the group's profits. According to statistics, 11 main shipyards in Nantong created CNY5.29bn ($778m) output value in 1st quarter 2010, rising by 36.4% against last year. Nantong targets 12m dwt newbuilding capacity of CNY110bn revenue. 'The offshore project will become an emerging industry of the city,' said a local official.