Global and China Marine (Offshore) Engineering Industry Report, 2011
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Global and China Marine (Offshore) Engineering Industry Report, 2011http://www.reportlinker.com/p0727029/Global-and-China-Marine-Offshore-Engineering-Industry-Report-2011.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=NoCategory
The skyrocketing oil price during 2007-2008 sparked globally investment fever in marine engineering industry. However, from 2009 onwards, seeing globally economic recession and sluggish demand, many small and medium-sized marine engineering enterprises have taken a heavy toll on revenue in the wake of the nosedive of oil price. A case in point is DSIC Offshore whose revenue in H1 2011 was no more than RMB510 million comparing to the RMB1.185 billion in 2010.
In the long run, marine engineering is still expected to see promising future as the oil price has mushroomed from the low level in 2010 to USD100 or more, and is likely to stay above USD 100 for a long time or even rise to USD 150 again. This can be attributed to the following reasons:
--Volatile situation in North Africa and the Middle East as well as the political turbulence in Yemen, Libya, Egypt and Syria;
--Iran issue is still up in the air. Thus, even if small-scale military conflict breaks out, a new round of oil crisis may stage a comeback in case of Iran blocking the Hormuz Strait;
--With the car ownership soaring in emerging economies such as China and India, the demand for oil is increasingly growing, which is enough to offset the shortfall in oil demand from developed economies. Especially for China, every year sees over 15 million new cars on road with striking oil consumption.
And there are other contributing factors that boost the marine engineering market:
--With shallow water oil resources being exhausted, the development of deep water oil resources is accelerating;
--Aging drilling platform: the service life of 69% of Jackup drilling platforms exceeds 25 years, and as such, the service life of 42% of floating rig platforms is more than 30 years;
--Robust demand for natural gas and abundant marine natural gas resources;
--Brazil possesses the richest deep water oil resources, and is intensifying its exploitation of deep water oil resources.
Presently, the development of marine engineering focuses on FPSO and Drillship.
FPSO concentrates in West Africa, Mediterranean and South America while LNG-FPSO the Asian-Pacific region. LNG-FPSO is currently the most expensive vessel in the world. For example, the largest Nimitz class Aircraft Carrier of the United States costs USD3.5 billion; the world's first LNG-FPSO made by Samsung Heavy Industries for Shell costs as high as USD5 billion. Shell is scheduled to purchase 10 LNG-FPSOs within 15 years, so Samsung Heavy Industries is estimated to win orders worth USD50 billion.
At present, many oil enterprises, including Shell, Petrobras, PTTEP, Conoco-Philips, Chevron, EXXON MOBIL and Norsk Statoil, have more favor for LNG FPSO.
Marine engineering contractors and construction enterprises in Europe, South Korea and Japan established alliances to accelerate the R&D of LNG FPSO, such as France-based Technip teaming up with South Korea-based Samsung Heavy Industries, Norway-based Hoegh LNG with South Korea-based DSME, and Holland-based SBM Offshore with Germany-based Linde and Japan-based IHI. IHI holds the SPB storage technology, which is the most commonly used LNG storage mode of LNG carriers. Three leading shipbuilding enterprises in South Korea, including SHI, HHI and DSME, all purchased the patent of the technology.
South Korea-based enterprises carve up the drillship market, with the market share of Samsung Heavy Industries surpassing 50%. Drillships, with the unit construction cost between USD500 million and USD700million, are especially applicable for deep sea.
The direct customers of marine engineering are usually operators rather than oil tycoons. By the number of FPSOs in service, the FPSO operators, in sequence, include SBM OFFSHORE, BW OFFSHORE, MODEC, TEEKAY, BLUEWATER, BUMI ARMADA, OSX, MAERSK, PETROFAC, SAIPEM, MISC, FRED OLSEN, and RUBICON.
By the number of platforms in operation, the rig platform operators are ranked as follows: Transocean, Noble, Ensco, Seadrill, Diamond, Rowan, Maersk, and Atwood. Before 2009, the operating margin of the drilling platform operators surpassed 50%, and the figure has declined to some extent in recent years but still higher than that of FPSO operators.
South Korea-based Samsung Heavy Industries, Hyundai Heavy Industries and DSME mainly specialize in drillship and FPSO businesses, while Singapore-based Keppel and Sembcorp are mainly engaged in FPSO renovation and rig platform construction. In addition, STX OSV focuses on AHTS and PSV shipbuilding and, UAE-based Lamprell is involved in windcarrier vessel and drilling platform construction.1. Overview of Marine (Offshore) Engineering 1.1 Drilling Platform1.2 Production Platform1.3 Offshore Support Vessel1.4 Deepwater Oil Exploitation1.5 Global Offshore Oil and Gas Industry Investment
2. Offshore Engineering Support Vessel
2.1 Overview of Offshore Engineering Support Vessel
2.2 History and Prospects of Offshore Support Vessel Market
2.3 Current Status of Offshore Support Vessel Market
2.3.1 AHTS
2.3.2 PSV
2.3.3 Pipe-laying Vessel
2.3.4 Underwater Support Vessel
2.4 Offshore Wind Power Installation Vessel
2.4.1 Overview of Offshore Wind Power Industry
2.4.2 Offshore Wind Power Installation
2.4.3 Offshore Wind Power Installation Vessel
2.5 Shanghai Zhenhua Heavy Industries
3. Floating Production Unit (FPU)3.1 Overview of FPSO3.2 FPSO Operation3.2.1 MODEC3.2.2 SBM Offshore3.3 Global FPU Industrial Investment by Region3.4 Global FPU Industrial Scale by Region3.5 LNG-FPSO3.5.1 Overview of LNG-FPSO3.5.2 LNG-FPSO Market3.6 FPU Contractor 3.7 FPSO Projects in 2008-Nov. 2011(Including Operator, Storage Capacity, Hull Fabricator, Topsides Fabricator)
4. Drilling Platform
4.1 Operators
4.1.1 Transocean
4.1.2 ENSCO
4.1.3 Noble
4.2 Jack-up Drilling Platform
4.3 Jack-up Drilling Platform Projects in 2000-2014
(Including Operator, Rig Name, Design, Builder, Water Depth, Drilling Depth)
4.4 Semi-Submersible Drilling Platform
4.5 Global Semi-Submersible Drilling Platform Projects in 2000-2014
(Including Operator, Rig Name, Design, Builder, Water Depth, Drilling Depth)
4.6 Drilling Ship
4.6.1 Overview of Exploration Vessel
4.6.2 Design of Exploration Vessel
4.6.3 Market of Exploration Vessel
4.6.4 Japanese Deep-sea Drilling Vessel "Chikyu"
4.6.5 Market Share of Drilling Ship Manufacturers
4.7 Global Drilling Ship Projects in 1971-2018
(Including Operator, Rig Name, Design, Builder, Water Depth, Drilling Depth)
5. Marine (Offshore) Engineering Corporations 5.1 Samsung Heavy Industries5.2 Hyundai Heavy Industries5.3 STX5.3.1 STX Dalian5.3.2 STX Marine Engineering5.3.3 STX OSV5.4 Keppel5.5 COSCO Shipyard5.5.1 Nantong COSCO Shipyard Engineering 5.5.2 COSCO Shipyard (Qidong) Marine Engineering5.6 Sembcorp5.6.1 Shenzhen Chiwan Sembawang Engineering 5.7 Jutal Offshore Oil Services5.8 CIMC Raffles5.9 DSME5.10 Dalian Shipbuilding Heavy Industry Group Offshore Engineering5.11 Shanghai Waigaoqiao Shipbuilding5.12 Offshore Oil Engineering (CNOOC Engineering)5.13 Lamprell
Selected Charts
Global Oil Supply Sources, 1930-2030Global Offshore Deepwater and Shallow Water Oil Supply, 2000-2030Global Investment in Deep Water, 2006-2015Global Deep Water Oilfield Development ZonesNumber of Global Ultra Deepwater Rig Fleet, 2000-2014Global Energy Supply by Type, 2010Global Oil Prices Correlated with Offshore Development Projects, 1960-2020Global Oilfield Output by Region, 1980-2020Number of Offshore Vessels,2011Rent of Offshore Service Vessels, 1989-2011Offshore Vessel Order Value by Type, 2000-2011Global Marine Engineering Orders and Deliveries, 1992-2014Global Offshore Vessel Backlog by Type, Aug. , 2011 Number of AHTS Fleets, 1971-2013Number of PSV (below 3000DWT), 1967-2014Number of PSV (above 3000DWT), 1975-2013Number of PSV, 1967-2013Global Offshore Pipeline Length, 2007-2015Number of Global Pipelaying Vessels by age, 2011Fulfilled Number of Pipelaying Vessels, 2011-2013Pipelaying Vessels Breakdown by Region, 2011Number of Global DSV & ROVSV by Age, 2011Fulfilled Number of DSV & ROVSV, 2011-2013New ROV Ships Breakdown by Region, 2011New ROV Ships Breakdown by Type, 2011Structure of Offshore Wind PowerDiameter of Offshore Wind Fan Blade, 1990-2020Revenue and Operating Income of Zhenhua Heavy Industry, 2006-2011Global New Orders for Floating Production Platforms by Country, 1996-Apr. 2011Deepwater Oil Production Platforms Market Breakdown by Enterprise, 2010Offshore Oil Production Units by Enterprise, Aug. 2011Number of FPSO by Operators, Nov. 2011Leased FPSO Market Shares by Operator, 2011MODEC's Revenue and Operating Income, 2004-2011MODEC's Revenue and Net Income, 2004-2011MODEC's Revenue and New Orders, 2004-Sep. 2011MODEC's Order Backlogs, 2007-H1 2011Revenue and Operating Margin of SBM Offshore, 2006-2011Operating Modes of SBM OffshoreEBIT of SBM Offshore by Business, 2006-2010New Orders of SBM Offshore by Business, 2006-2010Revenue of SBM Offshore by Business, 2006-2010Backlog of SBM Offshore, 2006-2010Revenue of SBM Offshore by Country, 2009-2010Global FPU Investment by Region, 2004-2015Global FPSO Investment by Region, 2004-2015Global FPU-Semi Investment by Region, 2004-2015Number of New FPSO and Conversion FPSO, 2000-2011Global FPU Contracts by Region, 2003-2015Global FPU Contracts by Type, 2011-2015African and Mediterranean FPU by Type, 2004-2015Number of African and Mediterranean FPSO Contracts, 2011-2015Asia-Pacific FPU Investment by Type, 2004-2015Asia-Pacific FPU Contracts by Type, 2011-2015North American FPU Investment by Type, 2004-2015South American FPU Contracts by Type, 2011-2015LNG-FPSO Market Size, 2004-2015Global FPU Investment by Type, 2004-2015Market Share of Major FPSO Hull Contractors(by Metric Tons), 2003-2011Market Share of Major FPSO Hull Contractors(by Units), 2003-2011Market Share of Major FPSO Upper Module Contractors(by Metric Tons), 2003-2011Market Share of Major FPSO Upper Module Contractors(by Units), 2003-2011Market Share of FPSO Project Contractors, 2008-Nov. 2011Drilling Platform Market Breakdown by Type and Country, 2011Floating Rig Count of 8 Major Operators, Nov. 2011Floaters Count of 13 Major Operators by Type, Nov. 2011Backlog Value of 7 Major Drilling Platform Operators, Sep. 2011Average Age of Deepwater Drilling Platforms (below 4,500 feet), Sep. 2011Average Age of Deepwater Drilling Platforms (below 7,500 feet), Sep. 2011Number of In-service Jack-ups by Enterprise, Sep. 2011Transocean's Revenue and Operating Margin, 2005-Sep. 2011Transocean's Revenue by Region, 2005-2010Transocean's Assets by Type, Jun. 2011Breakdown of Transocean's Clients, Jun. 2011Occupancy Rate of Transocean's Platforms by Type, 2011-2014Transocean's Backlog by Products, Nov. 2011Distribution of Transocean's Midwater Floaters Distribution of Transocean's Deepwater Floaters ENSCO's Revenue and Operating Margin, 2006-2011Revenue and Operating Margin of Pride International, 2006-2010Revenue of ENSCO and PRIDE by Products, 2010Number and Type of ENSCO's New Operating Platforms, 2004-2014Global Distribution of ENSCO's Drilling Platforms, Nov. 2011Noble's Revenue and Operating Margin, 2006-2011Noble's Revenue by Region, Q3 2011Noble's Revenue by Products, 2011 vs. 2015Noble's Backlog, Nov. 2011Number of Noble's Floating Rig, 2005-2014Jack-ups Orders Breakdown by Manufacturer, 2010-Nov. 2011Global Fulfilled Volume of Jack-ups, 2010-2014Global Jack-ups by Water Depth, 2010-Nov. 2011Market Share of Global Jack-ups Design Companies, 2010-Nov. 2011Semi-submersible Market Breakdown by Manufacturers, 2000-2014Fulfilled Volume of Semi-submersible, 2000-2014Semi-submersible Market Segmentation by Design Companies, 2000-2014Market Share of Major Drilling Ship Manufacturers, 1971-2018Market Share of Major Drilling Ship Manufacturers, 2000-2018Global Shipment of Drilling Ships, 1971-2018Drilling Ship Market Segmentation by Operators, 1971-2018Revenue and Operating Margin of Samsung Heavy Industries, 2005-2011Revenue of Samsung Heavy Industries by Business, 2006-2010Backlog Value of Samsung Heavy Industries, 2006-Oct. 2011New Orders of Samsung Heavy Industries by TypeNew Orders of Samsung Heavy Industries by Type, 2006-Oct. 2011Backlog of Samsung Heavy Industries by Type, Oct. 2011Backlog of Samsung Heavy Industries by Region, Oct. 2011Global Distribution of Samsung Heavy IndustriesRevenue and Operating Margin of Hyundai Heavy Industries, 2005-2011Revenue of Hyundai Heavy Industries by Division, 2010Revenue of Hyundai Heavy Industries by Division, 2005-2011New Shipbuilding Order Value of Hyundai Heavy Industries, 2001-2011Ship Sales and New Order Value of Hyundai Heavy Industries, 2001-2011Shipbuilding Revenue of Hyundai Heavy Industries by Product, 2010New Orders of Hyundai Heavy Industries by Ship Type, Jul. 2011Backlog of Hyundai Heavy Industries by Ship Type, Jul. 2011Annual Delivery Tonnage of Hyundai Heavy Industries by Plant, 2007-2011Annual Delivery Number of Hyundai Heavy Industries by Plant, 2007-2011Offshore Revenue and New Order Value of Hyundai Heavy Industries, 2005-2011Revenue breakdown of Hyundai Heavy Industries by Product, 2010New Offshore Orders of Hyundai Heavy Industries by Type, 2007-2011Key Offshore Orders of Hyundai Heavy Industries, H1 2011STX's Revenue and Operating Margin, 2005-2011Revenue and EBITDA Rate of STX OSV, 2007-2011Revenue of STX OSV by Business, 2010Backlog of STX OSV by Region, 2009-Sep. 2011Backlog of STX OSV by Ship Type, 2009-Sep. 2011New Orders and Backlog Value of STX OSV, 2009-Sep. 2011Keppel's Revenue and Operating Margin, 2005-2011Keppel's Revenue by Business, 2005-Sep. 2011Keppel's Operating Income by Business, 2005-Sep. 2011Revenue and Operating Margin of COSCO Shipyard, 2005-2011Ship Repair Business of COSCO Shipyard by Ship Type, 2010Revenue of COSCO Shipyard by Business, 2010Organizational Structure of Sembcorp MarineSembcorp's Revenue and Operating Margin, 2005-2011Sembcorp's Revenue by Business, 2005-2011Revenue and Operating Margin of Sembcorp Marine, 2006-2011Revenue of Sembcorp Marine by Business, 2006-2010Types of Repaired Ships of Sembcorp Marine, 2009-2010Orders of Sembcorp Marine by Type, 2010Contract Value and Backlog of Sembcorp Marine, by Nov., 2011Revenue and Operating Margin of Penglai Oilfield Services, 2006-2011Revenue by Business of Penglai Oilfield Services, 2008-H1 2011Gross Margin of Penglai Oilfield Services by Business, 2008-H1 2011Revenue of Yantai Raffles, 2006-2011Net Income of Yantai Raffles, 2006-2011DSME's Revenue and Operating Margin, 2005-2011DSME's Revenue by Ship Type, 2008-2010DSME's New Orders by Ship Type, 2008-2010DSME's Backlog by Ship Type, 2008-2010Fulfilled Volume of Dalian Shipbuilding, 2006-2011Revenue and Operating Margin of Dalian Shipbuilding, 2006-2011Fulfilled Volume and Delivery of Shanghai Waigaoqiao Shipbuilding, 2006-2011Revenue and Operating Margin of Shanghai Waigaoqiao Shipbuilding, 2006-2011Revenue and Operating Income of Offshore Oil Engineering, 2005-2011Lamprell's Revenue and Operating Margin, 2005-2011Offshore Oilfields under Construction, May 2011Offshore Oilfields Growth by RegionGlobal Offshore Support Vessel Backlog, 2011-2014Global Orders for Offshore Support Vessel by Country, Aug. 2011Orders for 46 AHTS / PSV / AHT Ships (including Owner, Yard, Dims, Power) in China, Aug. 2011Offshore Wind Power Installation Vessels under Construction or Completed, Apr. 2011FPSO, FSO and TLP Projects Operated by MODECFPSO Projects (including Operator, Storage Capacity, Hull Fabricator, Topsides Fabricator), 2008-Nov. 2011Transocean's Platform Daily Rent by Type, Q3 2011Transocean's Platform Utilization by Type, Q3 2011ENSCO's Platform Utilization by Type, Q3 2011Jack-ups Projects (including Operator, Rig Name, Design, Builder, Water Depth, Drilling Depth), 2000-2014China's Large Exploration Ships, Mar. 2011Ramform Series Exploration Ships of Norway PGSCHIKYU Deepwater Drilling ShipOffshore Engineering Performance of Hyundai Heavy Industries, 1976-2011Financial Data of STX Dalian, 2010Keppel's Backlog, Sep. 2011DSME's New Orders and Backlog by Ship Type, Oct. 2011Overview of Hamriyah ShipyardOverview of Sharjah ShipyardOverview of Jebel Ali Shipyard
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