Chinese Yard Logs Strong Month

As high freight rates continue, Shanghai's Huarun Dadong Dockyard (HRDD) is undergoing a busy period with a total of 12 vessels being repaired in January and 13 vessels in February. This is a 10 percent increase of production value in the first two months compared with 2003, and a 25 percent increase during February. There are also bookings as far ahead as May this year, a very unusual situation for this yard. A total of 90 percent of the vessels repaired in February are from Asia countries and regions, such as Japan, Taiwan, Hong Kong, and China. Included in the figures for February are three vessels from Japan - First Marine's 48,913 dwt bulk carrier Crystal Lily, Nippon Kaiun's 68,621 dwt bulk carrier Sunny Ocean, and Osaka Rosex Shipping's 47,348 dwt container carrier Newport Bridge, three vessels from Taiwan's TMT - the 75,594 dwt bulk carrier Capaz Duckling, the 41,639 dwt wood chip carrier Prince of Ocean, and the 70,681 dwt tanker King Duckling, and two vessels from Hong Kong's Glory Shipping - the 45,222 dwt bulk carrier Lucky Marine, and the 41,061 dwt bulk carrier Top Glory. Other ship repaired during February include IMC Shipping's 29,135 dwt bulk carrier Maritime Friendship, Totis Marine's 40,846 dwt bulk carrier Kallisto, and, from the domestic market, Shanghai Pu Yuan Shipping's 25,887 dwt bulk carrier Yun Ling

Maritime Reporter Magazine, page 55,  May 2004 ON THE BRIDGE

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