Shipbuilding Competitivenss Slipping Away from S. Korea

MarineLink.com/Arirang News
Thursday, June 27, 2013

Korean shipbuilders have dominated the global market, raking in many billions of dollars to help fuel growth in the country, but now a severe slump in the industry is making them a major cause for woes of the economy., reports Arirang News.

The shipbuilding industry has been a major locomotive of Korea's export-led economy, accounting for about a tenth of the nation's exports for many years.

Korea's vessel exports which set a record-high in 2011, fell by a third in the first five months of this year from the same 2012 period after a 30 percent fall for all of last year. 
A more serious problem is that the industry's mid- and long-term competitiveness is waning.
 Although Korean shipbuilders still dominate in gas carriers and other advanced ships, experts say they're losing their price competitiveness to China for vessels like tankers and bulk carriers.


Source: Arirang News

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

Shipbuilding

Industry Professionals to Speak at ShipConstructor Conference

The speakers representing various companies at next week's SSI Americas ShipConstructor User Conference, October 7-9, 2014 in Mobile, Alabama, demonstrate SSI's

HII Appoints Brenton as Corporate Director

Huntington Ingalls Industries (HII) announced today that Capt. Kevin Brenton (U.S. Navy, Ret.) has joined the company as corporate director of customer affairs for submarine programs.

Cummins Debuts Mobile Tier 4 Generators

Cummins’ certified Tier 4 Final QSB7 and QSL9 engine platforms form the basis for mobile sets that meet EPA regulations U.S. EPA Tier 4 Final certified mobile

News

NY Harbor Supply & Distribution Fall Reception/Buffet

More than 600 attendees are expected at the 52nd annual New York Harbor Supply & Distribution Fall Reception/Buffet for the energy and energy related industries

Kounalakis Joins OW Bunker N. America

OW Bunker, a reseller and physical supplier of marine fuels, announced the appointment of Georgia Kounalakis to its physical supply operation in North America.

Louisiana to Get Natural Gas Liquefaction and Fueling Facility

Tenaska Bayou LNG expected to meet growing marine, transportation and oil and gas exploration and production demand on the Gulf Coast Tenaska NG Fuels, LLC and Waller Marine, Inc.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Port Authority Salvage Ship Electronics Ship Repair Ship Simulators 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: 0.1297 sec (8 req/sec)