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 October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Fincantieri Sign MoUs with Carnival & CSSC

Fincantieri, the world leader in the construction of cruise ships, has signed two memorandums of understanding, respectively with Carnival Corporation, the world’s largest cruise line,

MHI Receives "Best IR Award"

Mitsubishi Heavy Industries, Ltd. (MHI) has received one of this year's "Best IR Awards" presented annually by the Japan Investor Relations Association (JIRA).

Steven Palazzo Visits HII, Newport

Huntington Ingalls Industries today hosted Rep. Steven Palazzo, R-Miss., for a tour of the company's Newport News Shipbuilding division. Palazzo represents the fourth district of Mississippi,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Navigation Pipelines Port Authority Salvage Ship Repair Ship Simulators 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: 0.1193 sec (8 req/sec)