AMG Logistics’ Post

China has strengthened its dominance in the global shipbuilding sector. Check out this article 👉 #China #Shipbuilding #Maritime #MarineInsight #Merchantnavy #Merchantmarine #MerchantnavyShips

Interesting perspective bucking the “rampant waterfront defeatism” in the U.S.: “Put bluntly, with the right shipyard sites, modern facilities, new fabrication methods and community support, America can re-build its long-abandoned record of shipbuilding prowess, and compete globally.” https://lnkd.in/gFnQq4Ab

It looks like Davie Shipbuilding is going to help Bollinger [formerly Halter Marine] try to get the Polar Security Cutter (PSC) [formerly Heavy Polar Ice Breaker (HPIB)] program across the finish line for the United States Coast Guard (USCG). Davie may even be purchasing Bollinger, but the deal's structure has yet to be disclosed. It will be interesting to see how this plays out and how it affects the South Coast's shipping industry. https://lnkd.in/gtpwZdiy

Posidonia 2024 marks the rebirth of the Greek shipbuilding industry Greece’s revitalised shipbuilding industry will be prominently represented during Posidonia 2024, signalling a strong recovery following decades of decline and disrepair.

Steering UK Shipbuilding Towards Skilled Horizons The UK government, in a collaborative effort with industry leaders, has set up the Shipbuilding Skills Delivery Group. This initiative is a direct response to the recommendations of the UK Shipbuilding Skills Taskforce, focusing on enhancing the skills and innovation within the UK shipbuilding industry. #EnhancingShipbuildingWorkforceSkills #NationalShipbuildingOfficeInitiatives #ShipbuildingIndustryTalentDevelopment #ShipbuildingSkillsTaskforceRecommendations #SkillsDeliveryGroupinShipbuilding #UKGovernmentShipbuildingCollaboration #UKShipbuildingSkillsEnhancement #UKsNationalShipbuildingStrategy

The history of South Korean shipbuilding industry is relatively shorter than that of other major shipbuilding nations. South Korea is a late industrialized middle power country with limited resources and population. This is a huge contract to other major shipbuilding countries such as China, Russia, U. S and Japan. But how did South Korea defy these factors to become the top three global shipbuilder? More details in my new article below: The insights could be valuable for developing and middle power countries seeking to develop their shipbuilding industry. https://lnkd.in/dKYgcF6f

The dominance of Chinese shipyards in the shipbuilding industry remains strong as they secure the majority of new orders in August, solidifying their leading position in the market. The latest data for August highlights the continuous growth and success of the Chinese shipbuilding sector. Read more: https://buff.ly/4dPoo1b #MarinerNews #ShippingNews #MaritimeNews #News #ShippingIndustry

Recently, the China Shipbuilding Industry Association released the latest data. In 2023, the national shipbuilding completion volume was 42.32 million deadweight tons, a year-on-year increase of 11.8%; the number of new orders received was 71.2 million deadweight tons, a year-on-year increase of 56.4%; as of the end of December of that year, the number of orders held 139.39 million deadweight tons, a year-on-year increase of 32%. Among the 18 major ship types in the world, 14 of China's ship types rank first in the world in terms of new orders.

The latest development in the Philly Shipyard, Inc. and Hanwha Ocean courtship involves the U.S. Secretary of the Navy as matchmaker. Secretary Del Toro on his meetings in South Korea with Hanwha Ocean and other shipbuilding executives, via gCaptain: ”I was enormously gratified by the strong interest expressed by the leaders of each of these world-class shipbuilders in establishing U.S. subsidiaries and investing in shipyards in the United States.” Philly Shipyard ("Philly") / Hanwha Ocean ("Hanwha") timeline: - October 10, 2023 |  (1) Hanwha reportedly sent an inspection team to Philly’s facilities as part of a planned acquisition of the yard. (2) Philly issued a press release stating that their policy was not to comment on rumors or speculation. - November 10, 2023 | Hanwha issued a press release stating that they are looking at various options related to overseas business, including Philly. - November 26, 2023 |  Hanwha reportedly established a holding company in the US to acquire shipyards in North America. - February 8, 2024 | Hanwha issues a press release reiterating that they are continuing to look at various options related to overseas business, including Philly. - February 28, 2024 | The U.S. Secretary of the Navy meets with Hanwha Vice Chairman and CEO and other Korean shipbuilders encouraging them to invest in U.S. shipyards. If a deal materializes, it would not be the first time these two groups have transacted. In March 2022, Philly's controlling shareholder, Aker, sold their shares in REC Silicon ASA to a Hanwha affiliate. +++ Disclosure: I am a shareholder of Philly Shipyard ASA.

For the shipyard industrial base to remain strong and competitive, American innovators need a forward-thinking comprehensive American maritime strategy, for Congress to advance stable and predictable budgeting and recognize the importance of strengthening the Jones Act.