Page 11: of Maritime Reporter Magazine (October 1998)

MARINE FINANCE t.

PRODUCT DESCRIPTION

BROWN WATER

OR RLUE WE'VE UOT THE YARD I OIS VOIJ

Shipbuilding, conversion, repair 20 floating drydocks, 6000 ton capacity

Hopper and tank barge construction

ISO 9001 certified

State of the art propeller, electrical and machine shop facilities

Integrated logistical support system

Eight gulf coast and Mississippi River locations

Comparison of shipbuilding activity, by area: June 1995 and June 1998

Orderbook (mgt) Completions (mgt) Orders reported {mgt) 1998 1995 1998 1995 1998 1995

Japan 18.566 12.750 2.139 2.174 2.648 1.094

S Korea 18.457 13.189 1.587 1.270 1.741 1.519

W Europe 8.907 7.836 1.070 1.242 1.040 0.807

E Europe 3.957 5.822 0.436 0.307 0.433 0.460

Rest of World 5.684 4.552 0.504 0.407 0.663 0.803

World Orderbook Up Slightly

World orderbook stands at 55.6 mgt, up .7%

The world ship orderbook has recovered slightly from last quar- ter's 2.5 percent drop, although it still remains below the December 1997 total of 56.6 mgt, according to figures recently published by

Lloyd's Register (LR) in its quar- terly World Shipbuilding

Statistics.

Figures reveal that the total world ship orderbook increased from 55.2 mgt at the end of the

March 1998 quarter to 55.6 mgt at the end of the June 1998 quarter, a rise of just 0.7 percent. In terms of new orders reported for the quar- ter, there has been an increase of 11 percent in terms of gross ton- nage over the quarter (from 5.8 to 6.5 mgt). Japan and South Korea share 67 percent of the total world orderbook. Although Japan (18.6 mgt) remains the premier ship- building nation, the lead over

South Korea (18.5 mgt) is minimal.

China maintains third position, at 2.8 mgt. Germany follows, as its orderbook increased from 1.7 mgt to 2.3 mgt in the same period; fol- lowed by Italy, almost unchanged at 2 mgt. The market for crude oil tankers remains buoyant, with 17 new orders totaling 1.9 mgt/3.3 mdwt reported in the quarter. This raises the total orderbook for this ship type to 16.9 mgt/30.9 mdwt, representing 40 percent of the total word orderbook. South Korea remains the leading shipbuilder of crude oil tankers with an order- book for this type of 8.2 mgt/15.6 mdwt. Similarly, there is still great interest in the high value passenger cruise market, with seven vessels of nearly 0.5 mgt of new orders placed in the quarter.

These were shared between Italy and Germany, with each nation receiving approximately half in terms of gross tonnage.

The orderbook declined notice- ably for both bulk carriers and con- tainerships. The numbers of bulk dry carriers on order fell by over seven percent (to 10.3 mgt). For containerships, there was a decline in the orderbook of nearly nine percent (to 6.4 mgt).

In terms of principal shipbuild- ing regions, the tables above reveals a noticeable decline in shipbuilding in Eastern Europe, despite an increase in the total

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Circle 222 on Reader Service Card

P.O. Box 250 • 8365 Highway 308 South

Lockport, LA 70374

Phone: 504/532-2554 • Fax: 504/532/7225 http://www.hollingershipyards.com

Now hiring in all shipyard crafts. world orderbook of some 11.5 mgt in the same period. ift Rfei:

Circle 205 on Reader Service Card

LOCKPORT HARVEY LAROSE 504/532-2554 504/340-0621 504/693-7002

ALGIERS FOURCHON MATHEWS 504/362-7960 504/396-2366 504/532-2512

MORGAN CITY i Bollinger Morgan City Bollinger Marine Fabricators 504/631-3600 504/631-5300

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