Shipbuilding Rebound Due in 2014

Sunday, June 17, 2012
According to a report on Yonhap News, South Korea's shipbuilding industry will possibly start to turnaround  in 2014.
The news agency cited findings from the BOK report forecast that the SBI (the shipbuilding business index) will rise to 98.87 points and 98.89 points in the first and second quarters of 2014, respectively, after hitting 98.85 points, the lowest in the past several years, in the last three months of 2013.
The global shipbuilding market has contracted gradually since 2007, when the shipbuilding business index (SBI) reached 103.21 points.  According to the news agency, SBI is a measure of shipbuilding demand, shipping business sentiment, global trading volume and several other factors affecting the shipbuilding industry developed by the Bank of Korea.
South Korean shipbuilders won 93.4 million CGTs in 2007, with comparable figures plummeting to 54.2 million CGTs in 2008, 16.4 million CGTs in 2009, 44.4 million CGTs in 2010 and 31.7 million CGTs in 2011.
South Korea continued to lead the world's shipbuilding market in the first quarter of this year by winning orders for 60 ships worth $7.9b. Global orders for new ships plunged 58.9 percent on-year to 199 vessels up until March.
 (Source: Yonhap News)

Maritime Today

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

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


BIMCO Signs New LNG And Shipbuilding Supervision Contracts

The twice yearly meeting of BIMCO’s Documentary Committee took place in Hamburg on 19 November. In his first meeting as Chairperson of the Committee, Belgium’s

Damen Marine Components Opens Jiangyin Plant

Damen Marine Components (DMC) is proud to announce the opening of its brand new facility in Jiangyin, China.Those present at the opening ceremony included CEO

Henriksen Unveils Strongest SOLAS Boat Lifting Hook

H Henriksen of Norway has received SOLAS certification for a new off-load single-point boat lifting hook capable of holding up to 22.5-tonnes. The quick release


DP World, SCA Pact for Ain Sokhna Port Development

Suez Canal Authority (SCA) and the Red Sea Ports Authority signed an agreement with Dubai Ports World (DP World) and Sonker Bunkering Company for the development of Egypt’s Ain Sokhna seaport,

Canada to Aid Developing Nations Fight Climate Change

Canada will provide aid to developing countries to combat climate change, Prime Minister Justin Trudeau announced on Friday ahead of talks on global warming,

Gates to Launch Mega Clean Tech Initiative

Microsoft co-founder Bill Gates will launch a multi-billion-dollar clean energy research and development initiative on Monday, the opening day of the U.N. climate change summit in Paris,

Maritime Contracts Maritime Security Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
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: 0.1240 sec (8 req/sec)