Korean Shipyards Dominate 2005 Value Market

Friday, April 07, 2006
South Korea's shipyards dominated the world's high-value-added ship market last year, the Korea Times reported. South Korean shipbuilders clinched an average 59.3 percent of the orders, compared with Japanese companies with 25.3 percent and Chinese shipyards with 3.9 percent. South Korean shipyards occupied 42.4 percent of the global market for very large container carriers (VLCC) last year, up 6 percentage points from a year earlier. A unit of the carrier costs about $120m. South Korean companies' market share for container ships of 5,000 TEU (20-foot equivalent units) or greater came to 64.3 percent last year, up 2.3 percentage points from the previous year. Its unit price reaches at least $70m. The companies held 71.3 percent of the liquefied natural gas (LNG) carrier market, up 0.1 percentage point from a year ago. An LNG ship is valued at around $200m, unlike other ships, including bulk carriers and petroleum carriers, which are priced at $40m to $50m per unit. Industry analysts forecast that the shipyards, which have been taking orders selectively since 2000, will continue to lead the global industry. South Korea is home to the world's leading shipbuilding companies, including Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering. (Source: Korea Times)
Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Wärtsilä to Begin Building LNG Terminal in January

Wärtsilä has been given full notice to proceed (NTP) from Manga LNG Oy for the supply of a liquefied natural gas (LNG) import terminal in Tornio, Northern Finland.

Polarcus Awarded 3D Project Off West Africa

Polarcus Limited has signed a letter of intent with Perenco Oil & Gas Gabon S.A. for a 3D marine seismic acquisition project offshore West Africa.   The project,

Boskalis, VolkerWessels Win Offshore Wind Farm Work

Royal Boskalis Westminster N.V., in partnership with Volker Stevin International (VolkerWessels), has been awarded a contract by Iberdrola Renewables Offshore Deutschland

Shipbuilding

Damen Outfitting First of Nine Bahamas Patrol Boats

The first of nine Damen Stan Patrol 3007s ordered by the Royal Bahamas Defense Force has arrived at Damen Shipyards Gorinchem in the Netherlands for outfitting.

Liquefaction Terminals to Dominate LNG Capital Expenditure

Capital expenditure (Capex) on global LNG facilities is expected to total $259 billion (bn) over the period 2015-2019, with investments expected to be 88% larger

New Chinese Shipyard Launches First Ship

The new shipyard facility of Honghua Offshore Oil & Gas Equipment Company in Jiangsu, China, has launched its first ship, an IMT982 Platform Supply Vessel. The vessel,

 
 
Maritime Careers / Shipboard Positions Maritime Standards Navigation Offshore Oil Pod Propulsion Port Authority Ship Repair Shipbuilding / Vessel Construction Sonar Winch
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: 0.1421 sec (7 req/sec)