Report: S. Korea lags China, Japan in Shipyards

Tuesday, June 27, 2006
According to reports, South Korea fell behind China and Japan in the number of shipyards ranking in the world's top 50 in terms of order backlogs as of the end of May, although seven South Korean companies were No 1 through No 7, a London-based market research firm said. Fifteen Japanese shipyards and the same number of Chinese companies were included in the world's top 50 list, while only nine South Korean shipyards made it, Clarkson Plc. said. South Korea boasts the world's top seven shipyards - Hyundai Heavy Industries Co, Samsung Heavy Industries Co, Daewoo Shipbuilding & Marine Engineering Co, Hyundai Mipo Dockyard Co, Hyundai Samho Heavy Industries Co., STX Shipbuilding Co and Hanjin Heavy Industries & Construction Co.

Only two other South Korean shipyards, Sung-Dong Shipbulding & Marine Engineering Co. and Shina Shipbuilding Co., were on the list, ranking 25th and 33th in the world, respectively. China's Dalian New Ship Heavy Industry Co and Shanghai Waigaoqiao Shipbuilding Co ranked No 8 and No 9 each in the world, followed by mid-sized shipyards such as the world's 15th-largest shipyard Hudong-Zhonghua Shipbuilding Group Co and the 17th-largest New Century Shipbuilding Co. Although only one Japanese shipyard, Universal Shipbuilding Corp, was included in the top 10 list, Japan had a line-up of competitive companies such as Mitsubishi Heavy Industries Ltd, Ishikawajima-Harima Heavy Industries Co, Oshima Shipbuilding Co and Tsuneishi Heavy Industries Cebu Inc, ranking 11th through 14th worldwide. While South Korean shipyards are focused on clinching high-value-added orders for very large crude carriers (VLCC) and liquefied natural gas (LNG) ships, Chinese shipyards are sweeping orders for small to mid-sized vessels and expanding dock facilities to tap the markets for VLCC and LNG carriers, experts said. Source: Asia Pulse/Yonhap

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

CBP, AMO Unveils New Interceptor Vessel

U.S. Customs and Border Protection (CBP) Air and Marine Operations (AMO) and SAFE Boat International celebrated the unveiling of AMO’s newest coastal interceptor vessel (CIV) Thursday.

Seaspan Acquires Eighth 14000 TEU Vessel

Seaspan Corporation (NYSE:SSW) announced today that it accepted delivery of a 14000 TEU containership, the YM Width. The new containership, which was constructed at CSBC Corporation,

NASSCO Lays Keel for Jones Act Tanker Liberty

U.S. shipbuilder General Dynamics NASSCO hosted a keel laying ceremony on Thursday, May 26 for the Liberty, one of three new ECO Class Jones Act tankers under a

Coast Guard

CBP, AMO Unveils New Interceptor Vessel

U.S. Customs and Border Protection (CBP) Air and Marine Operations (AMO) and SAFE Boat International celebrated the unveiling of AMO’s newest coastal interceptor vessel (CIV) Thursday.

Details El Faro's Sinking Emerge from US Probe

U.S. investigators on Friday concluded two weeks of hearings into the sinking of cargo ship El Faro in a hurricane last fall that included reports the vessel had

Defense Appropriations Bill Includes $1 Bln for US Icebreaker

The U.S. Senate Appropriations Committee’s FY2017 Defense Appropriations Bill has included $1 billion in funding to accelerate construction of a new polar icebreaker for the U.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Shipbuilding / Vessel Construction
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: 0.0758 sec (13 req/sec)