Report: S. Korea lags China, Japan in Shipyards

Tuesday, June 27, 2006
According to reports, South Korea fell behind China and Japan in the number of shipyards ranking in the world's top 50 in terms of order backlogs as of the end of May, although seven South Korean companies were No 1 through No 7, a London-based market research firm said. Fifteen Japanese shipyards and the same number of Chinese companies were included in the world's top 50 list, while only nine South Korean shipyards made it, Clarkson Plc. said. South Korea boasts the world's top seven shipyards - Hyundai Heavy Industries Co, Samsung Heavy Industries Co, Daewoo Shipbuilding & Marine Engineering Co, Hyundai Mipo Dockyard Co, Hyundai Samho Heavy Industries Co., STX Shipbuilding Co and Hanjin Heavy Industries & Construction Co.

Only two other South Korean shipyards, Sung-Dong Shipbulding & Marine Engineering Co. and Shina Shipbuilding Co., were on the list, ranking 25th and 33th in the world, respectively. China's Dalian New Ship Heavy Industry Co and Shanghai Waigaoqiao Shipbuilding Co ranked No 8 and No 9 each in the world, followed by mid-sized shipyards such as the world's 15th-largest shipyard Hudong-Zhonghua Shipbuilding Group Co and the 17th-largest New Century Shipbuilding Co. Although only one Japanese shipyard, Universal Shipbuilding Corp, was included in the top 10 list, Japan had a line-up of competitive companies such as Mitsubishi Heavy Industries Ltd, Ishikawajima-Harima Heavy Industries Co, Oshima Shipbuilding Co and Tsuneishi Heavy Industries Cebu Inc, ranking 11th through 14th worldwide. While South Korean shipyards are focused on clinching high-value-added orders for very large crude carriers (VLCC) and liquefied natural gas (LNG) ships, Chinese shipyards are sweeping orders for small to mid-sized vessels and expanding dock facilities to tap the markets for VLCC and LNG carriers, experts said. Source: Asia Pulse/Yonhap

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Fincantieri Launches Silver Muse

Silver Muse, the new ultra-luxury cruise ship which Fincantieri is building for the ship owner Silversea Cruises, was launched at Fincantieri’s shipyard in Genoa Sestri Ponente.

Swiftships to Procure Patrol Craft Kits for Egyptian Navy

Naval Sea Systems Command (NAVSEA) awards contract to Swiftships for four 28-meter KITs for the Egyptian Navy   On June 28, 2016 Louisiana-based Swiftships, LLC,

Ingalls to Build US Warship LH8

Huntington Ingalls Industries (HII) announced that its Ingalls Shipbuilding division has been selected to build the U.S. Navy’s next large-deck amphibious assault warship, LHA 8.

Coast Guard

Tanker Allision on the Piscataqua River

The U.S. Coast Guard says it is continuing to monitor the condition of the chemical tanker Chem Venus, after it allided with three unoccupied, moored sailboats

Beijing Slams South China Sea Court Proceedings

Permanent Court of Arbitration ruling set for July 12. An international court said it would deliver a hotly anticipated ruling in the Philippines' case against

BSM Acquires USCG Qualship 21 Program Approval

Bernhard Schulte Shipmanagement is proud to announce that it has received US Coast Guard (USCG) Qualship 21 Program approval for the BSM India-managed, Algoma-owned

 
 
Maritime Security Maritime Standards Naval Architecture Pipelines Port Authority Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction 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: 0.0719 sec (14 req/sec)