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China Shipbuilding Industry’s Offshore Business &
Views on Shipbuilding VS. Offshore
- from a Shipbuilder’s View -
ZHANG Yonghui
OECD Council Working Party on Shipbuilding (WP6)Workshop on shipbuilding and the offshore industry, Monday 24 November 2014
China Institute of Marine Technology and Economy
2
About UsChina Institute of Marine Technology and Economy
is a research institute of CSSC.
shipbuilding market research
shipbuilding economy research
shipbuilding industry policy research
shipbuilding technology research
shipbuilding standard research
shipbuilding industry IPR research
OECD Council Working Party on Shipbuilding (WP6)Workshop on shipbuilding and the offshore industry, Monday 24 November 2014
3
Content
1 China Shipbuilding Industry’s Offshore Business
2 Views on Shipbuilding VS. Offshore
OECD Council Working Party on Shipbuilding (WP6)Workshop on shipbuilding and the offshore industry, Monday 24 November 2014
China Institute of Marine Technology and Economy 4
1.1 The history
In 1966, the first offshore production well of China was drilled in Bohai Bay.
In 1971, China’s first jack-up rig “BOHAI 1” was delivered by Dalian Shipyard.
In 1973, China’s first catamaran drillship “KANTAN 1” was delivered by Hudong Shipyard.
In 1984, China’s first semi-submersible rig “KANTAN 3”was delivered by Shanghai Shipyard.
In 1989, China’s first FPSO “BOHAI FRIENDSHIP” was delivered by Hudong Shipyard.
China Shipbuilding Industry’s Offshore Business1
China Institute of Marine Technology and Economy 5
By the end of 2013, China shipbuilding industry has delivered
31 jack-up rigs
16 semi-submersible rigs
2 drillships
23 FPSO (including FPSO conversion projects)
Hundreds of offshore service vessels
China Shipbuilding Industry’s Offshore Business
1.2 The performance
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China Institute of Marine Technology and Economy 6
China Shipbuilding Industry’s Offshore Business
1.3 What we can do now
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Products Basic Design Detail Design Shop Design Construction
Jacket Platform √ √ √ √FPSO/FSO Hull √ √ √ √Living Quarter √ √ √ √Topside Modules ? ? √ √Jack-up Rig √ √ √ √Semi-sub Rig √ √ √ √Drillship √ √ √ √Seismic Ship √ √ √ √Construction Vessel √ √ √ √PSV & AHTS √ √ √ √
China Institute of Marine Technology and Economy 7
China Shipbuilding Industry’s Offshore Business
1.4 The major player
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Major Player Main Shipyards Offshore Products
CSSC
• shanghai waigaoqiao shipyard• shanghai shipyard• huangpu shipyard,• CSSC guangzhou dockyard
FPSO, jackup rig, semi‐sub rig, drillship, construction vessel, other OSVs, offshore unit repairing and conversion
CSIC
• dalian shipyard• shanhaiguan shipyard• wuchang shipyard• qingdao beihai shipyard
FPSO, jackup rig, semi‐sub rig, drillship, construction vessel, other OSVs, , offshore unit repairing and conversion
COSCO Shipyards
• COSOC dalian shipyard• COSOC nantong shipyard• COSOC guangzhou shipyard
jackup rig, semi‐sub rig, construction vessel, other OSVs
CIMC Raffles • CIMC yantai shipyard jackup rig, semi‐sub rig, OSVs
CMHI • CMHI shenzhen shipyard• CMHI nantong shipyard
jackup rig, offshore unit repairing and conversion
China Institute of Marine Technology and Economy 8
China Shipbuilding Industry’s Offshore Business
1.5 The orderbook by the end of 3Q of 2014
Type No. Total
Drilling Rigs
Jack‐up Rigs 65
80Semi‐sub Rigs 9
Drillships 6
FPSOsFPSO Newbuilding 3
5FPSO Conversion 2
OSVs
PSV 185
409AHTS 125
Others 99
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Content
1 China Shipbuilding Industry’s Offshore Business
2 Views on Shipbuilding VS. Offshore
OECD Council Working Party on Shipbuilding (WP6)Workshop on shipbuilding and the offshore industry, Monday 24 November 2014
China Institute of Marine Technology and Economy 10
Views on Shipbuilding VS. Offshore
2.1 Market driving factors
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2014.1‐9
USD/BarrelBillion USD offshore contracts value
Brent oil price
Oil price and offshore contracts
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M. DWT USD/DAY
Shipping freight and shipbuilding contracts
world economy, sea trade, shipping market, freight level, etc.
world economy, energy demand, oil price, offshore E&P investment, etc.
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China Institute of Marine Technology and Economy 11
2.2 Business charactersShipbuilding Offshore
Construction Contract（T&C is determined by specification）
Service Contract（T&C is determined by tender document）
Series design, series and batch orders Single design, single order, discontinuous orders
Standard Design Project Design
Customers are less involved in the newbuilding process
Customers, contractors and subcontractors are integrated and frequently interact in the process of project execution
Built according to the approved drawing, rarely change design
Engineering, construction and installation interact in the process of project execution, often change design
Standard raw materials and equipment supply mode
Suppliers are part of the project group, and everything is traceability
Result Control Process Control (HSE, QE, Subcontractors/Suppliers, Duration, Cost, Document)
global sourcing local content requirement
2 Views on Shipbuilding VS. Offshore
China Institute of Marine Technology and Economy 12
2 Views on Shipbuilding VS. Offshore High-tech & high value-added
Customization& complicated
China Institute of Marine Technology and Economy 13
2.4 Challenge for the shipyards
Higher technical requirements, higher engineering and integration abilities
Capability of manage large and complicated projects
Good supply chain control to ensure delivery cycle
Higher requirements for HSE and QC
Customers’ special and sometimes severe requirements
Capability of financing a large and complicated project
Higher risk tolerance
2 Views on Shipbuilding VS. Offshore
Conclusion Remarks:Shipbuilding and offshore have lots of similarity, such as supply chain of raw
materials and equipment, rules, regulations, standards, construction
technology, assembly process and so on. As above said, they are so different
in the many aspects. It is necessary for the shipyard to be quickly familiar with
and adapt to these characteristics, when they enter into the offshore business.
China shipbuilding industry has a long history of offshore business. Recent
offshore achievement of China is based on the long-term accumulation, and
also on the improvement of shipbuilding technology and project management.
However, there is still a gap for China shipbuilding industry, especially in the
aspects of engineering, R&D and localization of equipment supply.
To strengthen communication and cooperation is the way to realize win-win.
China shipbuilding industry hopes to develop offshore market with
counterparts of other countries in the future.
Thanks for your attention.
Email: [email protected] Yonghui
China Institute of Marine Technology and Economy
OECD Council Working Party on Shipbuilding (WP6)Workshop on shipbuilding and the offshore industry, Monday 24 November 2014
