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Nanjing yard to raise the titanic for australian mogul by efwegbe erergeer
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Nanjing yard to raise the titanic for australian mogul |
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Business,Business News,Business Opportunities
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A Chinese shipyard will help the Titanic finally reach NewYork, after an order to build a replica of the luxury liner wasmade by an Australian billionaire. The deal between State-owned CSC Jinling Shipyard Co Ltd inNanjing, Jiangsu province, and Australian mining magnate ClivePalmer to build Titanic II is music to the ears of China'sshipbuilding industry, which is currently mired in its steepestearnings slump in three years. According to shipyard spokesman Li Wenbao, the Chinese companysigned a memorandum of understanding on April 20 with theAustralian tycoon to construct the ship in China. "We will try to build a liner that has the same dimensions asthe original Titanic, which sank on its maiden voyage 100 yearsago. The Australian side is in charge of the design," Li told ChinaDaily on Wednesday.
It is too early to talk about the economic gains, Li noted, but"we hope the deal will expand our international influence and thuswin us more orders". Of the 21 orders CSC received last year, the majority were fromoverseas. Li said work on the liner is still at the preparatory stage,and was unable to disclose the cost of the deal, as "we have notyet reached that stage". The ship will be equipped with "the latest navigation andsafety systems", Palmer was quoted by the Australian AssociatedPress as saying in Brisbane on Monday.
The new vessel is scheduledto make its maiden voyage from London to New York in late 2016. Palmer said design work in conjunction with a historicalresearch team had commenced on Titanic II, which will have 840rooms and nine decks. "It will be designed as a modern ship with all the technologyto ensure that (an accident) doesn't happen," he said. "But ofcourse if you are superstitious, you never know what could happen." "Titanic II will be the ultimate in comfort and luxury withonboard gymnasiums and swimming pools, libraries, high-classrestaurants and luxury cabins. The only differences will be belowthe waterline - the ship will be powered by diesel rather coal andwill include a bulbous bow for greater fuel efficiency, plus anenlarged rudder and bow thrusters for improved maneuverability.
Itwill have four smoke stacks like the coal-powered original, butthey will be purely decorative," said Palmer. Apart from Titanic II, the tycoon's shipping company, Blue StarLine Pty Ltd, has commissioned the Chinese shipyard to build bulkcargo ships. The cooperation comes as China's shipbuilding industry faceschoppy waters amid sluggish demand and intensified competition. In the first quarter, China built ships amounting to 11.2million deadweight tons, down 22.5 percent year-on-year, accordingto figures from the China Association of the National ShipbuildingIndustry. New orders totaled 5.59 million deadweight tons, a drop of 48.7percent from a year earlier.
Combined outstanding orders were 141.9million deadweight tons, down 5.3 percent from the end of 2011. The building of the Titanic II in a Chinese shipyard marks astrategic shift as the shipbuilding sector becomes less dependenton bulk carriers and seeks to increase the share of high-techvessels such as containerships, said Steen Lund, managing directorof international ship classification society Germanischer LloydSE's Asia-Pacific operations. "Chinese yards have taken steps to become builders of offshoreinstallation vessels and are entering the cruise vessel segment,"Lund said. The move "is also part of the trend that, driven by costreductions, the market has seen the construction of such high-techand high value-added ship types as cruise vessels move from Europeto Asia", he added.
Meanwhile, the cruise industry has huge potential in China.According to the China Association of Port-of-Entry, the number ofpeople traveling in and out of China on cruises reached 718,000 in2011, accounting for just 0.4 percent of overall inbound andoutbound travel. hewei@chinadaily.com.cn. I am a professional writer from Steam Cleaners, which contains a great deal of information about speed bump sign , speed bump safety, welcome to visit!
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