South Korea regains top spot in global shipbuilding in H1 2011
It is reported that South Korea regained its status as the world's leading shipbuilding nation in the first half of this year, securing orders for 224 ships, totaling 8.92 million compensated gross tonnes. The figure represents 53.2% of the 16.88 million CGTs worth of orders placed worldwide from January to June 2011 period, Steelguru reports.
The orders won by South Korean yards are worth USD 31.4 billion and the government has forecast exports by the local shipping industry to reach USD 51.7 billion in 2011. In 2010, South Korea had secured orders worth USD 34.8 billion.
The Ministry of Knowledge Economy said that "South Korea's shipbuilding sector maintained the first place in the world by focusing on value added ships although the world's shipbuilding market shrank 10.2% YoY in the first half."
In the first half of 2011, South Korean shipbuilders reportedly grabbed orders for all but seven new drill ships in the world, along with the only orders for two floating production, storage and offloading ships and two LNG floating storage and re gasification units. Its yards also won orders for 19 new LNG carriers.
The country secured orders for 69 containerships, each with a loading capacity of over 8,000 TEUs, in the first half. That accounts for 75% of all orders placed in the world for containerships of the same capacity and 65% of orders for all containerships in the first six months of the year, it was reported.
The Ministry, however, noted that China was still the world's largest shipbuilder, being the global market leader from 2009 through 2010 when it won orders for 258 ships.
China placed behind South Korea in terms of orders measured in CGTs and value. Chinese yards secured orders worth USD 8.8 billion amounting to 5.17 million CGTs in the six month period. In the first six months of 2011, China constructed 511 vessels, totaling 8.36 million CGTs. South Korea built 253 ships, totaling 7.72 million CGTs, it was pointed out.
The orders won by South Korean yards are worth USD 31.4 billion and the government has forecast exports by the local shipping industry to reach USD 51.7 billion in 2011. In 2010, South Korea had secured orders worth USD 34.8 billion.
The Ministry of Knowledge Economy said that "South Korea's shipbuilding sector maintained the first place in the world by focusing on value added ships although the world's shipbuilding market shrank 10.2% YoY in the first half."
In the first half of 2011, South Korean shipbuilders reportedly grabbed orders for all but seven new drill ships in the world, along with the only orders for two floating production, storage and offloading ships and two LNG floating storage and re gasification units. Its yards also won orders for 19 new LNG carriers.
The country secured orders for 69 containerships, each with a loading capacity of over 8,000 TEUs, in the first half. That accounts for 75% of all orders placed in the world for containerships of the same capacity and 65% of orders for all containerships in the first six months of the year, it was reported.
The Ministry, however, noted that China was still the world's largest shipbuilder, being the global market leader from 2009 through 2010 when it won orders for 258 ships.
China placed behind South Korea in terms of orders measured in CGTs and value. Chinese yards secured orders worth USD 8.8 billion amounting to 5.17 million CGTs in the six month period. In the first six months of 2011, China constructed 511 vessels, totaling 8.36 million CGTs. South Korea built 253 ships, totaling 7.72 million CGTs, it was pointed out.