DOCSLIB.ORG

COSCO SHIPPING Heavy Industry (Shanghai) Co., Ltd

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
COSCO SHIPPING Heavy Industry (Shanghai) Co., Ltd Shipyard General Introduction Introduction COSCO SHIPPING Heavy Industry (Shanghai) Co., Ltd. (“CHI Shanghai”) is a subsidiary company of COSCO SHIPPING Heavy Industry Co., Ltd. which belongs to the largest shipping company of world of CHINA COSCO SHIPPING Corporation Limited (COSCO SHIPPING). CHI Shanghai is established by the combination of China Shipping Industry (Shanghai Changxing) Co., Ltd. and COSCO (Shanghai) Shipyard Co., Ltd. in 2017. CHI Shanghai mainly engages in Business: Offshore Engineering: Design and Engineering, Engineering Consultant, Technical Services; Offshore Construction: Hull and Modules Construction, Conversion, Upgrading and Repairing; Merchant Ships Repair and Conversion: All kinds of Container Ship, Oil Tanker, Bulk Cargo Ship, Cement, Refeer, etc; Special Ships Repair and Conversion: LNG, LPG, PSV, OSC, Heavy Lift Vessel,etc. Shareholder and Organization China COSCO SHIPPING Corporation Limited Jan. 2016 China Ocean Shipping (Group) Company (COSCO SHIPPING) (COSCO) China Shipping (Group) Company (China Shipping) COSCO SHIPPING Heavy Industry Co., Ltd. Dec. 2016 COSCO Industry Co., Ltd. (CHI) COSCO Shipyard Group Co., Ltd. China Shipping Industry Co., Ltd. COSCO SHIPPING Heavy Industry (Shanghai) Jun. 2017 China Shipping Industry (Shanghai Co., Ltd. Changxing) Co., Ltd. (CHI Shanghai) COSCO Shanghai Shipyard Co., Ltd. Changxing Huajing Base Base Shareholder and Organization Location CHI Shanghai has Changxing Base and Huajing Base are located at Changxing Island and in Xuhui district. Changxing Base closes to Shanghai Waigaoqiao Bonded Zone, container and ro- ro terminals. Huajing Base is located at the upper reaches of Huangpu River. Nearby Airport: Pudong International Airport (PVG) Hongqiao International Airport (SHA) Major Facilities General Situation Berth 01 16 Berths, total 4400m length Heavy Duty Wharf 02 Modules Receipt Block Erection Shore Power Huajing Base 03 800kw @ each piers Floating Dock 04 5 docks Floating Crane 05 200mT & 60mT Changxing Base Major Facilities Areas and Wharfs Shoreline 4,100 meters F‐shape Wharf 4,770 meters Changxing 570,000 Water Depth ‐10 to ‐16 meters Base Sq.M Piers 13 pcs Accommodate Vessels 30 ships Shoreline 300 meters Wharf 500 meters Huajing 40,000 Water Depth ‐6 to ‐10 meters Base Sq.M Piers 3 pcs Accommodate Vessels 7 ships Major Facilities Floating Docks Dock LOA Inner Draft Lifting Cap Cranes E Mei Shan 410M 72M 11M 85,000MT 25T x 2; 15T x 2 Jiu Hua Shan 308M 50M 8.5M 38,000MT 25T x 2; 15T x 2 Pu Tuo Shan 247M 37M 6.5M 22,000MT 25T x 1; 15T x 1 Pu Dong 226M 38M 6M 22,000MT 15T x 2; Bai Yun Shan 190M 28M 6M 11,500MT 25T x 1; 5T x 1 E Mei Shan Jiu Hua Shan Pu Tuo Shan Pu Dong Bai Yun Shan Major Facilities Workshops Steel Workshop 22,000m2 Coating Workshop 1,600m2 Capacity: Steel: 50,000mT Pipe: 6,000mT M&E: 15,000m2 Piping Workshop 1,200m2 Piping Workshop 7,300m2 Major Facilities Warehouse Climate Controlled Warehouse General Warehouse Major Facilities Shore Cranes S/N Description Type Quantity 1 Tower Cranes 32T/30T/15T 4 2 Gantry Cranes 50T/32T/20T/15T/10T 18 3 Bridge Type Cranes 50T/32T/20T/10T 11 4 Truck Cranes 70T/50T/25T 3 Major Facilities Floating Cranes and Tugs SWL: 60mT SWL: 200mT 4000 HP X 4 Sets; 6000 HP X 2 Sets; Major Facilities Rental Floating Cranes Wengqiang 1# SWL1600MT Qianhanggong 1# SWL2000MT Sanhang Fengfan SWL2400MT Zhenhua SWL5000MT Major Facilities Heavy Duty Wharf Average Loading: 20KN/M2 Human Resource Employees Category Permanent Hired Subcontractor Senior Management 10 Management & Administration 34 3 HSSE 54 35 QA/QC 62 55 20 Engineering 103 58 Procurement 39 22 Others 655 Total Number 957 173 20 Max. Personnel could mobilized N/A 1,000 5,500 HSEQ Management Management System Certificates ABS QE certified: ISO9001:2015; ISO/TS 29001:2010; ISO 14001:2015; ISO45001:2018 HSEQ Management HSSE Management HSEQ Management QA/QC Management Meet Client’s Requirements Meet CLASS’s Regulations Exercise Individual and Collective Responsibilities Towards Quality Strive for Continuous Improvement Design and Engineering CHI Shanghai has one Technical Center (TC) which was awarded “Shanghai Certified Enterprise Technical Center”. TC has four (4) professional R&D design divisions, more than 160 engineers dedicated for offshore engineering, including two (2) leading talent, five (5) experts, thirty nine (39) senior designers. Invention Patent: 42 items Design and Engineering Engineering Management Organization Chart Design and Engineering CHI Shanghai pays great attentions to technological innovation, increasingly investment in science, technology and innovation, using international advanced design concepts and the TRIBON, Aveva Marine, Intergraph SmartMarine, anda numbers of professional design software. CHI Shanghai has carried out the further development and innovation of related design tools/software in practice, has formed the core competitiveness of their own characteristics, stepping out a way of “bring in, absorption, re-innovation” for offshore industry. Design and Engineering Technical Consulting ECOVIX – Brasil KHI – Japan Mid East Project Management Project Management Concept Project Management Typical Organization Chart Project Manager Document Controller QAQC HSSE Deputy Committee Committee Project Manager Construction Purchase Business MC & Comm Planning Technical QA/QC HSSE Manager Manager Manager Manager Manager Manager Manager Manager Document Controller Structure Piping/HVAC Outfitting Painting Machinery EIT QA/QC HSSE Supervisors Supervisors Supervisors Supervisors Supervisors Supervisors Supervisors Supervisors Architecture Structure Piping Machinery Outfitting HVAC EIT Engineer Engineer Engineer Engineer Engineer Engineer Engineer Project Management Project Information Management System Project Products & Experiences P66-P70 FPSO Living Quarters Dimension: 48.3 x 16.1 x 21.2 m and Helidecks Weight: 1,800 tonnes Client: Petrobras POB: 110P Period: 2012.2-2018.3 Class: ABS Worksite: COSCO Shanghai Basic Design: GVA Detail Design: COSCO Products & Experiences P66-P70 FPSO Utility Modules Dimension: 23.2 x 16.1 x 13.7 m Client: Petrobras Period: 2012.2-2018.3 Weight: 700 tonnes Worksite: COSCO Shanghai Class: ABS Basic Design: GVA Detail Design: COSCO Products & Experiences Pressure Vessels Client: Petrobras Project: P70 FPSO Worksite: COSCO Shanghai Nitrogen GasGenerator Instrument Air Receiver Instrument Fire water Pressure Vessel Products & Experiences P69 and P70 FPSO Hulls Dimension: 307.5 x 54.0 x 31.0 m Client: Petrobras Displacement: 353,500 tonnes Period: 2015.5-2018.3 Worksite: Storage Cap: 1,670,000 BBL P69: Shanghai & Zhoushan Class: ABS P70: Shanghai & Qidong Basic Design: GVA Detail Design: COSCO Products & Experiences FLNG Repair and Conversion Dimension: 227x50x27m Client: Exmar POB: 75 (~ 120) Period: 2018.4-2018.12 Worksite: COSCO Shanghai Storage Cap: 985,000 BBL Class: DNV Products & Experiences LNG/LPG Repair and Maintenance Up to June 2020, more than 80 Vessels were delivered. Worksite: COSCO Shanghai Products & Experiences FPSO Hull Construction Basic Design: TechnipFMC Dimension: 227x50x27m Client: Energean Isral Detail Design: Sembcorp Marine POB: 75 (~ 120) Period: 2018.11-2020.3 Shop Design: COSCO Storage Cap: 985,000 BBL Worksite: Class: DNV COSCO Shanghai & COSCO Zhoushan Products & Experiences FSO Repair and Conversion Dimension: 333x58x31.25m Class: BV End-user: Eronton Client: World Carrier Corporation POB: 60 Basic Design: Haike Offshore Engineering Period: 2019.3-2019.7 Storage Cap: 2,100,000 BBL Detail Design: Haike Offshore Engineering Worksite: COSCO Shanghai Shop Design: COSCO Products & Experiences FPSO Repair, Conversion and Life Extension Dimension: 274.8x48x23.2m Class: ABS End-user: Eni Mexico Client: MODEC POB: 140 Basic Design: MODEC Period: 2019.2-2020.10 Storage Cap: 900,000 BBL Detail Design: MODEC Worksite: COSCO Shanghai Shop Design: COSCO Products & Experiences LNGC FSRU Conversion Dimension: 296x46x25.5m Class: LR End-user: ETYFA Client: Enlink Trading POB: 44 Basic Design: Moss & COSCO Period: 2020.6-2022.3 Storage Cap: 136,966M3 Detail Design: COSCO Worksite: COSCO Shanghai Regas Design Wartsila Gas Shop Design: COSCO Business Map .
Load more

Recommended publications
  • Peer Review of the Turkish Shipbuilding Industry 2 | Peer Review of the Turkish Shipbuilding Industry
    PEER REVIEW OF THE TURKISH SHIPBUILDING INDUSTRY 2 | PEER REVIEW OF THE TURKISH SHIPBUILDING INDUSTRY Foreword This report was prepared under the Council Working Party on Shipbuilding (WP6) peer review process. The opinions expressed and the arguments employed herein do not necessarily reflect the official views of OECD member countries. The report will be made available on the WP6 website: http://www.oecd.org/sti/ind/shipbuilding.htm. This document, as well as any data and any map included herein, are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area. © OECD (2021) The use of this work, whether digital or print, is governed by the Terms and Conditions to be found at http://www.oecd.org/termsandconditions/ PEER REVIEW OF THE TURKISH SHIPBUILDING INDUSTRY | 3 Table of contents 1. Executive summary 5 2. Introduction 6 3. Global perspective 7 4. Structure and characteristics of the Turkish shipbuilding industry 9 4.1. The Turkish shipbuilding industry 9 4.2. Maritime equipment industry 17 4.3. Repair and recycling activities 18 4.4. Competitiveness of the Turkish shipbuilding industry 22 5. Government policies affecting the shipbuilding industry 24 5.1. Government policy 24 5.2. Support measures 27 5.3. Policy assessment 31 References 37 ANNEX I: SELECTED INFORMATION ON THE TURKISH SHIPYARDS 38 ANNEX 2: INSTITUTIONAL CHARACTERISTICS OF THE SHIPBUILDING SECTOR 41 Tables Table 1. Completions of seagoing vessels by builder country and by ship type 8 Table 2. Building docks in Turkish shipyards 11 Table 3.
    [Show full text]
  • China's Merchant Marine
    “China’s Merchant Marine” A paper for the China as “Maritime Power” Conference July 28-29, 2015 CNA Conference Facility Arlington, Virginia by Dennis J. Blasko1 Introductory Note: The Central Intelligence Agency’s World Factbook defines “merchant marine” as “all ships engaged in the carriage of goods; or all commercial vessels (as opposed to all nonmilitary ships), which excludes tugs, fishing vessels, offshore oil rigs, etc.”2 At the end of 2014, the world’s merchant ship fleet consisted of over 89,000 ships.3 According to the BBC: Under international law, every merchant ship must be registered with a country, known as its flag state. That country has jurisdiction over the vessel and is responsible for inspecting that it is safe to sail and to check on the crew’s working conditions. Open registries, sometimes referred to pejoratively as flags of convenience, have been contentious from the start.4 1 Dennis J. Blasko, Lieutenant Colonel, U.S. Army (Retired), a Senior Research Fellow with CNA’s China Studies division, is a former U.S. army attaché to Beijing and Hong Kong and author of The Chinese Army Today (Routledge, 2006).The author wishes to express his sincere thanks and appreciation to Rear Admiral Michael McDevitt, U.S. Navy (Ret), for his guidance and patience in the preparation and presentation of this paper. 2 Central Intelligence Agency, “Country Comparison: Merchant Marine,” The World Factbook, https://www.cia.gov/library/publications/the-world-factbook/fields/2108.html. According to the Factbook, “DWT or dead weight tonnage is the total weight of cargo, plus bunkers, stores, etc., that a ship can carry when immersed to the appropriate load line.
    [Show full text]
  • Tradepoint Atlantic Welcomes BAE Systems “Titan” Dry Dock to Baltimore Ushers in New Era of Ship Maintenance and Repair at Sparrows Point
    Tradepoint Atlantic Welcomes BAE Systems “Titan” Dry Dock to Baltimore Ushers in New Era of Ship Maintenance and Repair at Sparrows Point BALTIMORE, MD (June 3, 2020) ​– Tradepoint Atlantic, a 3,300-acre multimodal global logistics center in Baltimore, Maryland, featuring an unmatched combination of access to deep-water berths, rail and highway, today announced that BAE Systems’ “Titan” dry dock will be arriving and docking at the onsite dry dock to undergo a five-month-long repair and maintenance program starting on June 4. This announcement and project ushers in a new era of ship maintenance and repair at Tradepoint Atlantic, and represents a year of work and planning to reopen this legacy industry in Baltimore. The Titan docking process is expected to take nearly 20 hours. BAE Systems' massive Titan dry dock has a 52,534-ton lifting capacity and is one of the world’s largest and most modern floating steel dry docks. It measures 950-feet long, 192-feet wide, and 82-feet tall at the highest point. The Titan is used to service ships as long as 1,000 feet. “The shipyard at Sparrows Point has a rich and important history and it is amazing to see industry returning to it after too many dormant years,” said Governor Larry Hogan. “The growth at Tradepoint Atlantic and the opportunities being provided to the local communities is nothing short of incredible and our administration looks forward to partnering with them for years to come. The dry dock is open for business and that is great news.” The dry dock at Sparrows Point began construction in 1969, and was completed in 1971.
    [Show full text]
  • 中國遠洋控股股份有限公司 China COSCO Holdings Company Limited*
    Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. 中國遠洋控股股份有限公司 China COSCO Holdings Company Limited* (a joint stock limited company incorporated in the People’s Republic of China with limited liability) (Stock code: 1919) CONNECTED TRANSACTIONS — ACQUISITIONS OF EQUITY INTERESTS IN OFFSHORE COMPANIES On 5 August 2016, the Group and COSCO SHIPPING Group entered into the Offshore Companies SPAs, pursuant to which the Group conditionally agreed to acquire and other members of the COSCO Group or CS Group conditionally agreed to sell certain equity interests in the Offshore Companies. As at the date of this announcement, COSCO is the controlling shareholder of the Company and COSCO SHIPPING is the indirect controlling shareholder of the Company which holds the entire equity interests in COSCO and China Shipping. Being a member of the COSCO Group or the CS Group, the sellers to the Offshore Company SPAs are connected persons of the Company for the purpose of Chapter 14A of the Listing Rules and the Proposed Transactions constitute connected transactions under Chapter 14A of the Listing Rules. As the highest applicable percentage ratio as defined under the Listing Rules in respect of the Proposed Transactions exceeds 0.1% but is lower than 5%, the Proposed Transactions are subject to reporting and announcement requirements under Chapter 14A of the Listing Rules but are exempt from independent shareholders’ approval requirement.
    [Show full text]
  • Shipbuilding
    Shipbuilding A promising rst half, an uncertain second one 2018 started briskly in the wake of 2017. In the rst half of the year, newbuilding orders were placed at a rate of about 10m dwt per month. However the pace dropped in the second half, as owners grappled with a rise in newbuilding prices and growing uncertainty over the IMO 2020 deadline. Regardless, newbuilding orders rose to 95.5m dwt in 2018 versus 83.1m dwt in 2017. Demand for bulkers, container carriers and specialised ships increased, while for tankers it receded, re ecting low freight rates and poor sentiment. Thanks to this additional demand, shipbuilders succeeded in raising newbuilding prices by about 10%. This enabled them to pass on some of the additional building costs resulting from higher steel prices, new regulations and increased pressure from marine suppliers, who have also been struggling since 2008. VIIKKI LNG-fuelled forest product carrier, 25,600 dwt (B.Delta 25), built in 2018 by China’s Jinling for Finland’s ESL Shipping. 5 Orders Million dwt 300 250 200 150 100 50 SHIPBUILDING SHIPBUILDING KEY POINTS OF 2018 KEY POINTS OF 2018 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Deliveries vs demolitions Fleet evolution Deliveries Demolitions Fleet KEY POINTS OF 2018 Summary 2017 2018 Million dwt Million dwt Million dwt Million dwt Ships 1,000 1,245 Orders 200 2,000 m dwt 83.1 95.5 180 The three Asian shipbuilding giants, representing almost 95% of the global 1,800 orderbook by deadweight, continued to ght ercely for market share.
    [Show full text]
  • OUR STORY Brewing from Alan Pugsley
    IN THE BEGINNING Shipyard Signature Nachos … $11 Sesame Seared Tuna ... $12 House made corn tortilla chips loaded with melted Pan seared sesame crusted tuna served rare with Monterey Jack & cheddar cheese, tomatoes, black wakkamme seaweed salad, soy glaze and wasabi aioli SOUTHERN MAINE’S FAVORITE LOCAL PUB olives, jalapeno peppers and our fresh pico de gallo. Served with a side of salsa and sour cream… Pub Crab Dip…. $10 additional toppings of beef or veggie chili or Atlantic Rock crab in a rich cream cheese sauce chicken $3.00. (single portion) $8 We opened the Shipyard Brew Pub here with pita chips in Eliot in 2005. We’re part of Shipyard Fried Pickle Chips … $8 Brewing Company’s family of pubs. We Artichoke Dip … $10 Deep fried and served with chipotle ranch. take pride in our locally brewed beers House made spinach and artichoke dip topped A house special for years. and serving the freshest food. We’re with Havarti cheese, served with happy you’re here and hope you have a Chicken Quesadilla … $10 grilled pita chips. wonderful experience. Grilled flour tortilla packed with melted cheddar Pub Wings ... sm $10 / lg $16 and jack cheese with diced chicken. Served with Shipyard is a family owned brewery Plump tender wings are deep fried, served a side of sour cream and salsa. -- rooted in tradition and brimming with celery and either bleu cheese or ranch with innovation. Located in Portland, Boneless Tenders ... sm $9 / lg $15 dressing. Tossed in your choice of either buffalo, its award-winning beer is carefully Deep fried and served with your choice of Maple Jalapeno BBQ, Maine blueberry BBQ handcrafted by a talented team of dipping sauces or wombat sauce.
    [Show full text]
  • A Study of Korean Shipbuilders' Strategy for Sustainable Growth
    A Study of Korean Shipbuilders' Strategy for Sustainable Growth MASSACHUSETTS INSTITIJTE OF TECHNOLOGY By JUN Duck Hee Won 0 8 2010 B.S., Seoul National University, 2003 LIBRARIES Submitted to the MIT Sloan School of Management In Partial Fulfillment of the Requirements for the Degree of ARCHIVES Master of Science in Management Studies At the Massachusetts Institute of Technology June 2010 @ 2010, Duck Hee Won. All Rights Reserved The author hereby grants MIT permission to reproduce and to distribute publicly paper and electronic copies of this thesis document in whole or in part. 1121 Signature of Author Duck Hee Won MIT Sloan School of Management May 7, 2010 Certified by I V I Scott Keating Senior Lecturer, MIT Sloan School of Management Thesis Supervisor Accepted by Michael A. Cusumano Faculty Director, M.S. in.Management Studies Program MIT Sloan School of Management A study of Korean Shipbuilders' Strategy for Sustainable Growth By Duck Hee Won Submitted to the MIT Sloan School of Management On May 7, 2010 In Partial Fulfillment of the Requirements for the Degree of Master of Science in Management Studies Abstract This paper aims to develop potential strategies for Korean shipbuilders for sustainable growth by understanding the characteristics of the shipbuilding industry and the current market situation. Before the financial meltdown in 2008, in the five preceding years, the healthy global economy and the rapid growth of the Chinese economy led to 35% compound annual growth rate (CAGR) in shipbuilding orders. Korean shipbuilders' sales and profits increased dramatically and they invested aggressively to meet the global demand.
    [Show full text]
  • Asian Shipbuilding: a Dynamic Market
    SPONSORED STATEMENT ASIAN SHIPBUILDING: A DYNAMIC MARKET Asia will remain at the heart of the global shipbuilding industry for the foreseeable future, although the relative strength of its key players will alter, writes Sumanta Panigrahi, Managing Director and Head – Asia Pacific, Export & Agency Finance, Treasury and Trade Solutions at Citi. he global shipping and offshore – and therefore the foundations for Asia’s For example, in South Korea energy equipment industry has success – are identical. Each requires shipbuilding is concentrated among shifted unequivocally towards steel: rapid growth in steel production the chaebol (industrial conglomerates), Asia. South Korea, Japan and capacity in Japan, South Korea and such as Samsung Heavy Industries and China now dominate with China facilitated the growth Hyundai Heavy Industries, which receive around 80% of orders: of of shipbuilding in these markets. strong support from policy banks and a the 134 liquefied natural gas Shipbuilding also requires skilled significant proportion of South Korea’s (LNG) tankers built since 2009, 133 were labour: ship manufacturing is both export credit agency (ECA) funding. Tbuilt in Asia: 100 in South Korea, 20 in complex and competitive. Labour Similarly, in Japan, ECAs make buyer China and 13 in Japan, according to costs are a significant component of financing available and facilitate low cost IHS Maritime. vessel costs, and low costs in China – working capital for shipyards (which While domination by Asian estimated to be between a 10th and a is crucial given the three to four-year manufacturers is expected to continue, 15th of OCED countries’ – have helped shipbuilding timeframe). In China, it is important to recognise that each its shipbuilding grow.
    [Show full text]
  • Navy Force Structure and Shipbuilding Plans: Background and Issues for Congress
    Navy Force Structure and Shipbuilding Plans: Background and Issues for Congress September 16, 2021 Congressional Research Service https://crsreports.congress.gov RL32665 Navy Force Structure and Shipbuilding Plans: Background and Issues for Congress Summary The current and planned size and composition of the Navy, the annual rate of Navy ship procurement, the prospective affordability of the Navy’s shipbuilding plans, and the capacity of the U.S. shipbuilding industry to execute the Navy’s shipbuilding plans have been oversight matters for the congressional defense committees for many years. In December 2016, the Navy released a force-structure goal that calls for achieving and maintaining a fleet of 355 ships of certain types and numbers. The 355-ship goal was made U.S. policy by Section 1025 of the FY2018 National Defense Authorization Act (H.R. 2810/P.L. 115- 91 of December 12, 2017). The Navy and the Department of Defense (DOD) have been working since 2019 to develop a successor for the 355-ship force-level goal. The new goal is expected to introduce a new, more distributed fleet architecture featuring a smaller proportion of larger ships, a larger proportion of smaller ships, and a new third tier of large unmanned vehicles (UVs). On June 17, 2021, the Navy released a long-range Navy shipbuilding document that presents the Biden Administration’s emerging successor to the 355-ship force-level goal. The document calls for a Navy with a more distributed fleet architecture, including 321 to 372 manned ships and 77 to 140 large UVs. A September 2021 Congressional Budget Office (CBO) report estimates that the fleet envisioned in the document would cost an average of between $25.3 billion and $32.7 billion per year in constant FY2021 dollars to procure.
    [Show full text]
  • Shanghai Shipyard V Reignwood International Investment Judgment
    Neutral Citation Number: [2021] EWCA Civ 1147 Case No: A4/2020/0995 IN THE COURT OF APPEAL (CIVIL DIVISION) ON APPEAL FROM THE HIGH COURT OF JUSTICE BUSINESS AND PROPERTY COURTS OF ENGLAND AND WALES COMMERCIAL COURT (QBD) Mr Justice Robin Knowles CBE [2020] EWHC 803 (Comm) Royal Courts of Justice, Strand, London, WC2A 2LL Date: 23/07/2021 Before : SIR GEOFFREY VOS, Master of the Rolls LORD JUSTICE BAKER and LORD JUSTICE POPPLEWELL - - - - - - - - - - - - - - - - - - - - - Between : SHANGHAI SHIPYARD CO. LTD. Appellant - and - REIGNWOOD INTERNATIONAL INVESTMENT (GROUP) COMPANY LIMITED Respondent - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Steven Berry QC (instructed by Holman Fenwick Willan LLP) for the Appellant Zoe O'Sullivan QC and Harry Wright (instructed by Onside Law Limited) for the Respondent Hearing dates : 14 July 2021 - - - - - - - - - - - - - - - - - - - - - Approved Judgment Judgment Approved by the court for handing down. Shanghai Shipyard v Reignwood International Investment Lord Justice Popplewell : 1. This is an appeal from a decision of Knowles J on two preliminary issues determining questions of construction of a guarantee given to support the obligation of a buyer to pay the final instalment of the price under a shipbuilding contract. 2. The Appellant (“the Builder”) is a company incorporated in the People’s Republic of China which operates, as its name suggests, a shipyard in Shanghai providing shipbuilding and repairing services. It is part of the China State Shipbuilding Corporation (“CSSC”), one of the two largest shipbuilding conglomerates in China, with interests in various shipyards, equipment manufacturers and shipbuilding related companies. The Respondent (“Reignwood” or “the Guarantor”) is a Hong Kong company, and part of an international multi-industrial conglomerate first established in Thailand in 1984.
    [Show full text]
  • The Offsets Program in the United Arab Emirates
    The offsets program in the United Arab Emirates. The offsets program in the United Arab Emirates. Middle East Policy - January 1, 1997 Amin Badr El-Din The mission of the UAE offsets program is to create wealth-generating opportunities for the private sector. In the 1960s, industrial-cooperation mechanisms were introduced between industrialized and developing countries in order to allow the developing country to recoup some of the economic benefits they were losing as a result of sizable and necessary public-sector expenditures on foreign products, services and advanced technology. Such mechanisms are. referred to as offsets. Direct offsets are coproduction or buy-back agreements directly related to the procurement itself. Indirect offsets involve projects or ventures in industries different from that of the specific procurement, for example, when a supplier of aircraft undertakes to form a joint-venture in the buyer country to service power-plant turbines. Output-based offsets such as the UAE offsets program are tied to the financial gains made by joint-venture projects. Offsets programs are usually applied within the context of an overall national economic strategy. For instance, most Southeast Asian countries require offsets in the form of technology transfers or licensing to encourage foreigners to develop an industrial base in those countries. In Western Europe, the emphasis is on maintaining the home industrial and employment base by entering into in-country, coproduction deals with the foreign seller. In the former communist-bloc countries, barter was used to save and acquire hard currency. The UAE offsets program came about as a result of the modernizing of the UAE armed forces in the late 1980s.
    [Show full text]
  • The Port of Portland's Marine Operations
    The Port of Portland’s Marine Operations The Local Economic Benefits of Worldwide Trade Prepared for: August 2013 Contact Information Ed MacMullan, John Tapogna, Sarah Reich, and Tessa Krebs of ECONorthwest prepared this report. ECONorthwest is solely responsible for its content. ECONorthwest specializes in economics, planning, and finance. Established in 1974, ECONorthwest has over three decades of experience helping clients make sound decisions based on rigorous economic, planning and financial analysis. For more information about ECONorthwest, visit our website at www.econw.com. For more information about this report, please contact: Ed MacMullan Senior Economist 99 W. 10th Ave., Suite 400 Eugene, OR 97401 541-687-0051 [email protected] Table of Contents Executive Summary ...................................................................................................... ES-1 1 Introduction ................................................................................................................... 1 2 Global Trade, Local Benefits ...................................................................................... 3 3 Intermodal Transportation Efficiencies .................................................................... 9 4 The Auto-Transport Story .......................................................................................... 10 5 The Potash Story ........................................................................................................ 12 6 The Portland Shipyard Story ....................................................................................
    [Show full text]