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COSCO to Close Three Shipyards

COSCO Shipping Heavy Industry, China's third-largest shipbuilder by output, plans to reduce the number of its offshore construction shipyards from five to two by 2020. Under the plan, shipyards in Nantong, Zhoushan and Dongguan will be closed. Shipyards in Qidong and Dalian will remain open as they also build polar ships, drilling platforms and cattle carriers, reports China Daily. Declining international oil and shipbuilding prices, growing costs for materials and labor have become factors squeezing shipyards' earning ability globally," a COSCO spokesman said. Established in December 2016, the company was formed out of the previous COSCO Shipyard Group, COSCO Shipbuilding Industry and China Shipping Industry. COSCO Shipyard and China Shipping Industry all reported financial losses last year. http://maritime-executive.com/article/cosco-to-close-three-shipyards

Wison Offshore & Marine announces undocking of the world's first barge-based FSRU at Nantong

Wison Offshore & Marine today announced that the world’s first barge-based Floating Storage and Regasification Unit (FSRU), for which the company provided EPC services for Exmar, has undocked from Wison’s dry-dock in Nantong, China, marking another major milestone for this project. Upon the undocking, topside installation has been completed, which paves the way for successful delivery. This is the first FSRU being built in China and the facility is to become the world’s first FSRU with small-scale storage capacity. This non-propelled FSRU barge has a regasification capacity of 600MMSCFD. Two SPB cargo tanks, each with a capacity of 12,500 m3, are installed in the hull for LNG storage. It is the second project on which Wison and Exmar have been cooperating following the Caribbean FLNG, the world’s first FLNG project. By adopting a modularization strategy, the hull and topside modules of the FSRU have been fabricated simultaneously, which not only reduced the safety risks and improved construction quality but also helped to shorten the delivery schedule. In addition, Wison has made a few technological breakthroughs including development of its own cargo containment system and cargo handling system for the IHI SPB tanks. Meanwhile, the regasification module has been successfully applied in the final performance test of Caribbean FLNG project as its temporary regasification skid. This demonstrated Wison’s integrated project management capabilities spanning from engineering,　procurement, construction to commissioning and operation in the liquefaction and regasification field.

Rugao Port building container facilities

Rugao port is adding infrastructure whereby it will be able to handle up to 800,000 teu a year. The river port in Jiangsu province near Rongsheng shipyard is building four 5,000 dwt terminals, two 10,000 dwt terminals and one 20,000 dwt terminal. There will also be a 400,000 sq m container yard with all work likely to be finished by the end of 2014. [SinoShipNews 24/07/13]