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发帖数: 6973 | 1 (1) 何丽, 中国造船业面临全球需求低谷. 金融时报, Mar 16, 2011.
http://www.ftchinese.com/story/001037511/ce
, whose English counterpart is
Leslie Hook, China's Shipyards Steel Themselves for Downturn; News analysis;
After a meteriotic rise, doubts have surfaced About the Future of Industry.
Financial Times (FT), Mar 15, 2011.
http://www.ft.com/cms/s/0/ea24467a
-4e64-11e0-98eb-00144feab49a.html
Quote:
"Mr Zhang’s company, Rongsheng, was on its way to becoming the sixth
largest shipyard in the world, the position it occupies today. * * * Ten
years ago, China built less than 10 per cent of the world’s ships. Today,
it is the world’s largest builder, measured by deadweight volume.
"'China is by far the single largest driver of bulk commodity demand today.'
* * * While there are some complex ships, such as LNG (liquefied natural
gas) carriers, which have yet to be produced in China, most Chinese yards
have perfected the more simple bulk carriers used to carry things such as
coal or iron ore, and they now dominate production in that market.
A Korean analyst comments, "Nobody [in China] cares about the real profit
figures of Chinese yards. * * * Generally speaking, I doubt the real
profitability of Chinese yards.
Note for the ENGLISH report:
(a) In the same newspaper page, side by side was a widely reported piece.
Robert Wright, Carlyle to Lead Landmark Shipping Push. FT, Mar 15, 2011,
whose window in the print had: $5bn Value of new container ship venture
plans to buy
(b) ZHANG Zhirong 张 志熔
(c) Rongsheng 中国熔盛重工集团控股有限公司
http://rongsheng.todayir.com/s/ir_overview.php
(d) Simon LIANG/Sinopacific 梁 小雷/太平洋造船集团
REN Yuanlin/Yangzijiang 任 元林/扬子江船业
(e) Bowen Road (Hong Kong) 宝云道
(f) The report mentions--but does not specify--"China’s two biggest state-
owned yards alone."
They are
* China State Shipbuilding Corporation (CSSC) 中国船舶工业集团公司
* China Shipbuilding Industry Corporation (CSIC) 中国船舶重工集团公司
(g) Mirae Asset Financial Group
http://www.miraeasset.com/gateway.jsp
(Mirae means “the future” in Korean; Chairman Hyeon-Joo PARK; inception in
Korea in 1997)
(2) Christian Oliver, Hyundai Changes Tack to Outpace China; News analysis;
The shipbuilder is diversifying into offshore oil and green energy. FT, Mar
16, 2011.
http://www.ft.com/cms/s/0/10898d06-4f33
-11e0-9038-00144feab49a.html
Quote:
"As a share of expected revenues of Won27,000bn ($24bn) this year, compared
with Won22,000bn last year, shipbuilding will represent only 35 per cent,
down from 58 per cent five years ago.
“'This is not a particularly high-tech industry.' says Mr Cho [Hyung-rai,
vice-president of Hyundai shipbuilding]. 'Any nation can build ships. The
question is, can they do it efficiently, delivering on the deadline day?'
Note:
(a) The report states, "Brazil, keen to bolster its domestic knowhow, has
not placed the bumper orders for drilling facilities and offshore energy
vessels that the Koreans hoped for."
Joe Leahy, Platform for Growth; Brasil; Vast deepwater reserves of oil that
have the potential to propel the rapidly emerging economy to developed
nation status also threaten to take a toll on its manufacturing and
productivity. FT, Mar 16, 2011.
Excerpt in the window of the print: 'If we have a firm and successful local
content policy, other sectors will grow as fast as Petrobras.'
Quote:
"Having seen out booms and busts before, Brasilians are hoping that this
time 'the country of the future' will at last realise its full economic
potential.
"The danger for Brasil, if it fails to manage this windfall [of new-found
deepwater oil called pre-salt oil] wisely, is of falling victim to 'Dutch
disease.' The economic malaise is named after the Netherlands in the 1970s,
where the manufacturing sector withered after its currency strengthened on
the back of a large gas field discovery combined with rising energy prices.
Even worse, Brasil could suffer a more sever form of the disease, the 'oil
curse,' whereby nations rich in natural resources--Nigeria and Venezuela,
for example--grow addicted to the money that flows from them. This leads to
poor governance and corruption.
My comment: There is no need to read the rest of the Brasil oil report.
Naturally I am against "local content policy," being a disciple of free
trader.
(b) OSX is a subsidiary of EBX.
* "EBX is a Brazilian holding company founded by Eike Batista in 1983 and
headquartered in Rio de Janeiro. The companies of the group are
characterized by an X in the name, the symbol of multiplication of wealth.
http://en.wikipedia.org/wiki/EBX_Group
See, EB in EBX is the initials of the founder.
* OSX, an EBX Group Company
http://www.osx.com.br/cgi/cgilua.exe
/sys/start.htm?sid=47&lng=us
("Founded in 2009 by EBX Group, OSX is a publicly-held company * * * We were
created in highly-favorable scenario: strong expansion of the oil & gas
industry in Brazil")
(c) The report refers to Hyundai's domestic "rival shipbuilder STX."
STX Corporation
http://en.wikipedia.org/wiki/STX_Corporation
(a South Korean holding company; STX Offshore & Shipbuilding is the world's
fourth largest shipbuilder, recently acquired Norwegian Shipbuilder Aker
Yards in order to diversify their product line) |
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