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 Reporter September 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

New Superyacht ROCKIT.IT Launched by Feadship

Feadship says it has launched the outstanding 60.35-metre motoryacht ROCK.IT. Created for an experienced owner who has chartered Feadships and appreciated the essence of the brand,

FTA Approves WSF Ferry Terminal Plans

In the latest Washington State Ferries Weekly Update, Capt. George A. Capacci, Interim Assistant Secretary WSDOT/Ferries Division briefs as follows: "FTA approves

MARAD Shipbuilding Loan Guarantee

The launch of the Bravante IX, built in a U.S. shipyard, was from the investments made by the Maritime Administration (MARAD) just three years ago. The investment

Offshore

Drydocks World to Participate in SMM 2014

Drydocks World, the leading provider of maritime and offshore services to the shipping, oil, gas, and energy sectors, will participate in the prestigious 26th edition of Shipbuilding,

SBM Offshore Completes Real Estate Divestment

SBM Offshore is pleased to announce that is has completed the sale and lease back of its Monaco real estate portfolio.  The last of the three buildings was sold

Keppel T & T Appoints Lim Chin Leong to its Board

Keppel Telecommunications & Transportation Ltd (Keppel T&T) has strengthened its Board with the appointment of Mr Lim Chin Leong as an independent, non-executive

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Navigation Offshore Oil Pod Propulsion Salvage Ship Electronics Ship Repair Ship Simulators
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1013 sec (10 req/sec)