DNV advises Chinese shipyards to invest in European counterparts
October 31, 2012 Category Logistics, Ports & sea transport
Det Norske Veritas (DNV) says the time is ripe for Chinese shipyards to invest in European counterparts as a way to raise their design capability and meet the challenges being posed by tougher environmental regulations. Besides a few big shipyards with a strong design capability, “Chinese yards in general lag behind the industry leaders such as South Korea and some European countries in customer service and diversification”, Remi Eriksen, CEO of DNV Maritime and Oil & Gas, said. Many European shipping operators are struggling financially at the moment, which has reduced their market values, making them vulnerable to takeover, and open to investment approaches. Recently, Aviation Industry Corp of China (AVIC), one of the largest state-owned aerospace companies, acquired Deltamarin, a Finland-based ship design company. AVIC has expanded steadily into shipbuilding in recent years, and currently controls several shipyards in China. Investment in European shipyards would assist Chinese firms to meet new environmental regulations. The European Commission announced on October 1 that it is to establish its own system next year to curb carbon emissions from the shipping industry, which might include a fuel or carbon tax, mandatory emission reductions per ship, or inclusion in its Emissions Trading System (ETS), a system it imposed on the aviation sector. There is currently no regulatory mechanism on greenhouse gases from the shipping industry, which experts suggest accounts for 3% of the world’s total carbon dioxide emissions. In addition, Chinese shipyards need to improve their energy-efficiency technologies, the China Daily reports.
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