A Record Year for S. Korean Shipbuilders

Tuesday, January 31, 2006
According to Asia Pulse/Yonhap, South Korea's shipbuilders enjoyed a bumper year in 2005, receiving the largest amount of orders in the world. Domestic shipbuilders received combined orders of 14.5 million compensated gross tons (CGT) in 2005, almost twice as much as the European Union, ranked second with 8.5 million CGT. The runners-up were China with 7 million CGT and Japan with 6.2 million CGT. Despite the industry's downturn, South Korean shipbuilders' global market share expanded last year to 38%, up from 36% a year earlier. At the end of last year, domestic shipbuilders had a combined order backlog of 39.7 million tons, breaking the 30-million-ton level for the second consecutive year. Korean shipbuilders were also tops in the tonnage of ships built, with 9.7 million CGT, or 36% of the global total.

(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

ATB Design Comes of Age

The emerging trend of marrying the design of an articulated tug and barge (ATB) to a particular propulsion system to maximize efficiencies of that system has, of late,

Cenac Marine to Christen New Vessel, Donate Barge

A ceremony will be held July 29 at Cenac Marine Services headquarters in, Houma, La. To commemorate the christening of its newest vessel, M/V Quincey Cenac, as

Sanmar Building 150th Robert Allan Designed Tug

Robert Allan Ltd. and Sanmar Denizcilik A.S. have reached a milestone in their ongoing relationship: scheduled to be launched later this year, a RAstar 2800 will

Offshore

Det Norske to Restore Production at Alvheim after Leak

Norwegian oil firm Det norske said it expected to reach full production at its Alvheim FPSO (floating storage, offloading and producing unit) overnight after a leak,

Damen Presents Decommissioning Vessels Concept

Damen Shipyards Group has announced its latest concept design: the Damen Decommissioning Series. The vessel will specialize in three core areas of the oil and gas

Cambodia Urged ASEAN to Avoid Words That Escalate Tension

Cambodia advised a grouping of South East Asian nations to avoid using words that "would escalate tension between China and the Philippines" in a weekend statement,

 
 
Maritime Contracts Maritime Security Maritime Standards Offshore Oil Pipelines Port Authority Salvage Ship Electronics Ship Repair Ship Simulators
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: 0.0578 sec (17 req/sec)