Korea Leads World in Shipbuilding

Wednesday, December 21, 2005
Market researcher Clarkson Research Studies reports that Korea's total amount of ship orders in the first 11 months of this year amounted to 13.9 million compensated gross tonnage (CGT), or about 39 percent of the global market (35.5 million CGT). This outstrips the combined orders won by Japan (5.9 million CGT) and the whole of Europe (7.4 million CGT). Korean shipbuilders are expected to lead the global market for some time to come as Korean firms have secured enough orders for the next three years and 10 months on average, which in turn will give them the choice to build high value-added vessels in the future. Coupled with surging demand for large vessels like liquefied natural gas carriers and floating production storage and offloading vessels due to record-high oil prices, the prospects for the local industry are bright. Source: Clarkson Research Studies
Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

New Standard for LNG Cargo Containment Systems

Wilhelmsen Technical Solutions (WTS) said it has successfully completing the gas trial for the first LNG carrier built to a Boil Off Rate (BOR) of 0.08% per day.

Messer to Debut MetalMaster Xcel

Messer Cutting Systems said it has answered the call from manufacturers that have been demanding a faster, more accurate way of producing cut parts. Messer’s

Rolls-Royce Expands in the Canary Islands

Rolls-Royce announced it has signed a cooperation agreement with the Astican Shipyard in Las Palmas, Canary Islands that it said will enhance the service capabilities

 
 
Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Shipbuilding / Vessel Construction Sonar
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: 0.1019 sec (10 req/sec)