Tuesday, July 12, 2011

5-Month Straight ‘No. 1‘

South Korean shipbuilders bagged new ship orders for 33 vessels of 1.7m cgt in June, while Chinese clinched 39 ships of 1.09m cgt in the month. With this, South Korea ranked 1st by new ship orders worldwide for the fifth consecutive month since February this year.

According to Clarkson Research Services, South Korean shipyards inked $6.1bn newbuilding orders while Chinese rivals penned just $1.8bn last month.

During the first half of the year South Korean yards won 8.92m cgt of new orders for 224 ships, taking 53.2% of the global orders of 16.77m cgt during the January-to-June period. Chinese builders signed 5.17m cgt for 258 ships during the same period.

In terms of order value, Chinese scored $8.8bn in the first six months, only around one fourth of $31.4bn inked by South Korean yards.

With the latest order surge, South Korean shipbuilders' combined orderbook has increased to 43.94m cgt as of the end of June, occupying 32.8% of the global tally. Chinese newbuilding backlog stood at 51.44m cgt.

From the beginning of the year South Korean shipyards swept newbuilding market for large containerships, LNG carriers and drillships.

South Korean big three shipbuilders, Hyundai, Samsung and Daewoo, won 21 drillship orders of a total of 28 drillships ordered during the first six months. Seven drillships were booked at Brazil's Estaleiro Atlantico Sul (EAS) shipyard by the country's state-owned energy major Petrobras.

The South Korean Big 3 and STX Offshore & Shipbuilding also scored 25 LNG carrier orders of a total of 29 LNG carriers booked during the first half of the year.

Published : July 12, 2011

Source: Asiasis

Source: Asiasis


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