China: Daeyang Shipyard to Build New Offshore Vessels

Daeyang Shipyard based in Dalian, China, a subsidiary of Daeyang Group, headquartered in Seoul, South Korea, will use its acquired know-how from ship repair and offshore conversion sector to expand its services into offshore newbuilding business, Seatrade Asia online announced citing one of the company’s officials.

The first offshore support vessels (OSVs), jack-up rigs and FPSOs are scheduled for construction in early 2013.

Nonetheless, the plunge into the newbuilding market will not include construction of commercial vessels, such as oil tankers and dry bulk carriers, having in mind the low demand for such ships prompted by the ongoing economic crisis.

Dalian Daeyang Shipyard started operation in May 2009 marked by the departure of the first successful repaired ship MV MARANATA of Daeyang Shipping.

It comprises two dry docks with capacity of repairing 170 vessels per year (300,000 DWT and 100,000 DWT respectively) and 4 berths (420m, 390m, 280m, and 222m respectively). It is 100% invested by Korean equity and specialized in offshore construction.

The shipyard boasts of its strategic location for the sea route connectivity and exclusive weather advantage characterized by short raining season.

[mappress]
World Maritime News Staff, September 10, 2012; Image: DSG