COSCO Shipyard Group Scores New Record (China)

One of the biggest Chinese shipbuilders, COSCO Shipyard Group, has scored a new record with the operating profit in 2011 exceeding CNY 20bn ($3.17bn). COSCO managed to deliver 47 new vessels last year thus exceeding 3 million DWT mark.

The company also entered a new market with six offshore vessels successfully delivered to their owners.

In the repair and conversion segment of shipyard’s operations, COSCO produced the total of CNY 3.466bn ($550.21017 million).

Last year, COSCO introduced a plan to reduce costs by reorganizing its production systems. Consequently, this initiative decreased the construction cost for 57,000 DWT Bulk Carriers by 15.7%, construction period by 25% and improved Group’s delivery by 36%.

For 2012, COSCO plans to win a total of 44 newbuilding orders.

Founded in June 2001, COSCO Shipyard Group Co., Ltd, which is a subsidiary of China Ocean Shipping Company (COSCO), is a large enterprise groups, specializing in large vessels building, marine engineering’s construction and conversion, and providing with services in ship repairing and building sets in Dalian, Nantong, Zhoushan, Guangdong Province, Shanghai, Lian Yungang and other places.

COSCO builds ship models including: 5000 series of  barking space PCTC, 30,000 t Series of Heavy Lift Multi-Purpose ships, 57,000 DWT series of bulk carriers, 80,000 DWT bulk carriers, bulk carriers, and 92,500 tons carriers; its marine project include: the world’s first drilling production storage oil vessel, cylindrical rigs, self-drilling platform, semi-submersible offshore oil platforms etc.

Shipbuilding Tribune Staff, February 17, 2012; Image: cosco

Share this article

Follow World Maritime News

Posted on February 17, 2012

In Depth>

Events>

<< Sep 2015 >>
MTWTFSS
31 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 1 2 3 4

Marine Maintenance World Expo 29 September – 1 October

The international exhibition of maintenance and repair technologies, tools, spare parts, services and systems for vessels of all sizes, from yachts, commercial fishing vessels, work boats, passenger and vehicle ferries, to cargo ships, cruise ships, naval defence fleets, oil tankers, offshore support vessels and offshore-energy platforms.

Expect to see technologies and services including:

• Hull blasting/cleaning equipment
• Hull coatings
• Spare parts component suppliers
• Hull inspection equipment
• Ultrasonic testing equipment
• Non-destructive testing equipment
• Boat-lifting equipment
• Dry dock tools and equipment
• Underwater ship inspection surveys
• Underwater repair technology
• Marine engine maintenance equipment
• Maintenance of marine engine control systems
• Marine transmission maintenance systems
• Predictive maintenance systems
• Engine and oil analysis equipment
• Wear particle indicators
• Vibration analysis systems
• On-ship/onboard visual monitoring display equipment
• Bow stem slamming and strain monitoring
• Water quality monitoring
• Ship maintenance software
• Lifeboat maintenance systems
• Ship repair specialists from around the world
• Hydraulic analysis, coolant analysis, and other fluid analysis
• Wet/underwater welding
• Propeller polishing equipment
• Wireless handheld inventory monitors
• Marine monitoring and control platform
• Integrated platform management systems
• Load cells
• Mooring tension monitoring systems
• Hull stress monitoring equipment
• Tow load monitoring, mooring load monitoring, jetty management monitoring systems
• Mooring load monitoring and analysis equipment
• Marine equipment status monitoring and control systems
• Salinometers
• Marine monitoring and control hardware
• Marine monitoring and control software
• Fleet management systems
• Alarm monitoring equipment
• Power maintenance systems/electrical maintenance systems

Read more about the event here.

read more >

PIANC SMART Rivers Conference

The SMART Rivers Conference is a biennal forum bringing together those involved in river transport form developing and developed countries…

read more >

NEVA 2015

The NEVA 2015 profile will promote traditional sectors of Shipbuilding, Ship Equipment, Offshore Shelf Construction and Equipment, Ports…

read more >

16th Annual FPSO World Congress 2015

This year, we will bring together more than 750 key stakeholders from oil companies, vessel owners, shipyards, financial organisations…

read more >