S Korea Wins Half of World’s Shipbuilding Orders

Wednesday, September 10, 2008


South Korean yards won half of the world’s shipbuilding orders in the first half of this year, the News International reported.
The Ministry of Knowledge Economy and the shipbuilding industry said yards secured orders for 12.40 million compensated gross tons, or 50.6 per cent of the world’s total.
It said overall global demand fell sharply compared to 2007 but the proportion of orders won by local companies increased.
In 2007, secured 38.9 percent of all orders placed against 37.3 percent for its main rival . In the first half, ’s share dipped to 34.3 percent.
Shipbuilding is one of the country’s top five export industries with the total value of overseas sales reaching $27.68 billion last year.
It has been the world’s top shipbuilder since 2003 and is home to the world’s five largest yards, led by Hyundai Heavy Industries.

Source:  The News International

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

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 Security Maritime Standards Navigation Pod Propulsion Salvage Ship Electronics 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: 0.1103 sec (9 req/sec)