S. Korean Shipbuilders Rushing to China for Hull Production

Tuesday, February 14, 2006
According to reports, South Korean shipbuilders are scrambling to move production of ship hulls to China to take advantage of its cheap labor and vast factory sites, industry sources said. Making hull blocks is mainly labor-intensive, so it is cost effective to manufacture hull blocks in China and assemble them back in South Korea, the sources said. Leading the pack is Samsung Heavy Industries Co., the world's third-largest shipbuilder, which has been operating Samsung Heavy Industries Ningbo Co., with an annual capacity of 120,000 tons, since 1997. Samsung Heavy Industries plans to expand the Ningbo factory in southeastern China to raise its capacity to 200,000 tons starting next year. In addition, the company is searching for a site to construct another factory for hull blocks in the northeastern Shandong province. Daewoo Shipbuilding & Marine Engineering Co., the world's No. 2 shipbuilder, is building a factory in the northeastern port city of Yantai to produce 200,000 tons of hull blocks annually beginning early next year.

STX Shipbuilding Co., ranking No. 8 globally, plans to invest $100 million to build a factory for hull blocks in Shandong province. The company failed to disclose a specific schedule for the factory construction. Global industry leader Hyundai Heavy Industries Co. has not unveiled any plans to shift its hull production. Source: CRIENGLISH.com

Maritime Reporter October 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Cutter Diligence to Return

The crew of the Coast Guard Cutter Diligence is scheduled to return to their homeport in Wilmington Saturday following a 45-day patrol in the Caribbean Sea. During their patrol,

Zarmati joins Fathom

Fathom has engaged 44-year cruise industry veteran Maurice Zarmati to work with the burgeoning company. Fathom, which provides a different kind of cruise that

HMS Protector Deployed to Antarctic

Ice ship HMS Protector is heading for waters no Royal Navy vessel has visited in 80 years as she begins a marathon deployment to Antarctica. The Plymouth-based


Seaspan Acquires Sixth 14000 TEU Boxship

Seaspan Corporation  announced today that it accepted delivery of a 14000 TEU containership, the YM Warmth. The new containership, which was constructed at Hyundai Heavy Industries Co.

Newport News Shipbuilding Converts to Natural Gas

Huntington Ingalls Industries (HII) announced today that its Newport News Shipbuilding division has converted its steam-generation plant from heavy fuel oil, also known as Bunker C,

French President Inaugurates CMA CGM’s New Mega Ship

The CMA CGM Bougainville, the largest containership sailing under French flag, was inaugurated Tuesday by French President François Hollande in Le Havre.   Other

Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion Salvage Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1922 sec (5 req/sec)