Korea takes 43.6% of global orders

Tiêu đề: Korea takes 43.6% of global orders Mon 5 Jul 2010 - 11:23

has won four ships out of 10-ship orders around the world, taking No. 1 position by new order intakes during January to April period.

According to the statistics compiled and announced on June 29th by the Ministry of Strategy and Finance, South Korean shipbuilders secured 2.4m cgt of new ship orders during the first four months of the year, occupying 43.6% of the global orders of 5.5m cgt.

In the same period, Chinese yards inked 1.9m cgt (34.5%) of newbuilding orders while Japanese and European each signed 0.2m cgt.

South Korean shipbuilders' combined order backlog as of April end was 49.5m cgt, which would make the yards busy for the next three years.

The ministry said, "Chinese shipowners' new ship orders at compatriot yards decreased this year compared to last year while European owners centering on Greek players maintained a certain level of newbuilding ordering activity at South Korean yards."

But it forecast a full-scale recovery of newbuilding market seems difficult this year despite such positive signs as a rise in new ship orders since the latter half of last year and an uptick in shipping rates. The Ministry of Strategy and Finance believes over-supply situation should be resolved first for the market to get back its vitality.

An official from the ministry said, "Demand for new containerships and LNG carriers, which are facing over-capacity, would not recover in the near future but offshore plant orders like drillships, drilling rigs and FPSOs would increase amid a rise in oil prices."

The ministry says domestic shipbuilders need to adjust their shipbuilding portfolios so that they can meet current market situations. The yards should also be prepared against ship finance tightening and global shipowners' shortage of liquidity, it added.

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Korea takes 43.6% of global orders

Korea takes 43.6% of global orders

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