Although the oil industry has put on the brakes, it is far from order to dry at Norwegian shipyards. The largest shipyard groups have commissioned several years, initially for a total value of 36 billion.
We have been lucky. The yard now has a good order book, says CEO Ståle Rasmussen of Kleven Group. As with its two shipyards, Kleven Ulstein and Myklebust Verft in the neighboring municipality Sande, is the largest Norwegian-owned shipyard.
During a small round at shipyard Ulstein may Rasmussen ascertain that it worked on almost every area of yard. Four ships are docked for outfitting, one located in the slipway and sections of two new vessels will over the next few months are welded together. In addition, there are two vessels for outfitting by sister yard.
It is an almost historic high level Kleven. 770 permanent employees and nearly as many from subcontractors can therefore be confident that they have a job the next year.
The big take almost everything
According to trade Norwegian Shipyards order backlog to Norwegian shipyards now 35.7 billion, distributed on 67 ships. Thus manages industry to keep the level it had in the last two to three years.
But the contracts are distributed very unevenly. There are three major – shipyard group Vard, Kleven Group and Ulstein Verft – which accounts for almost the entire backlog. The figures include all ships ordered or under construction, but not delivered.
In recent months there primarily Vard and Kleven has secured new contracts. The order book for Vard and Kleven constitutes alone over 32 billion.
End of ferries and fishing boats
shipbuilding industry is dominated not only by the major. The order book also has a significant bias towards offshore. About 90 percent of the contract value is related to various offshore vessels. It is built almost no longer ferries and fishing vessels in Norway.
It’s a raw price competition out there in the market and contracts for the construction of other types of vessels – which ferries and fishing vessels – now goes to shipyards in Spain, Poland and Turkey, sire CEO Rolf Fiskerstrand by Fiskerstrand Yards in Sula, which now has two gas ferries under construction.
He fears that diversity by Norwegian shipyard is about to disappear. The concern shared by trade Norwegian Shipyards. Also Ståle Rasmussen believes it is unfortunate but points out that it is within the offshore segment the market really is. CEO Roy Reite Vard think this toe has contributed to the success.
-We are doing what we are good at. We focus on what we do best, and are constantly striving to create new solutions together with our customers, he says. So far this year shipbuilding group – ten yards in four countries – signed contracts for approximately 9 billion. Orders, which is 20 billion, has not been higher in six years.Weaker dollar strengthened force
Oil company investment shot and fall in oil prices has created some uncertainty at the shipyards. But a weaker dollar, especially against the dollar has increased the Norwegian shipyards’ competitiveness. A certain movement away from the rig to ship, also hopes that the shipyards should avoid anything stool.
But it’s been difficult to make money, and we must accept lower margins enough, says Ståle Rasmussen.
Kleven disclose not normally quarterly, but Rasmussen says that the net profit will likely be lower than last year, when the shipyard had an operating profit of 172 million. Vard had a fall in operating profit in the third quarter – the first in five quarters – as a result of increased costs associated with the construction of a new shipyard in Brazil.
We are satisfied with orders this year, but that all other jobs we assume a scenario where it gets tougher next year. When tightened in the North Sea, it does something to the entire industry. But we are reasonably confident the situation over the next few years. The question is what happens after that time, says Vard boss Roy Reite.
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