The three shipbuilders also secured two-thirds of the total global LNG carrier orders
Korea’s top three shipbuilders saw an increase in new orders this year despite global shipbuilding orders dropping sharply from a year earlier.
According to related industries, global shipbuilding orders during the January to May period stood at 12 million CGT or compensated gross tons which is not even a third of total orders received last year.
However, Korea’s Hyundai Heavy Industries and Samsung Heavy Industries secured orders worth 14.8 billion and 11.1 billion dollars, respectively, during the first half of this year which is more than what the two shipbuilders received during 2010.
Daewoo Shipbuilding and Marine Engineering also won contracts worth more than 6.7 billion dollars more than half of last year’s total orders of 11.2 billion dollars.
Then what is behind the Korean shipbuilders’ strong performances this yearAnd all 21 orders were won by Korean firms, with Hyundai securing 9, Samsung 8 and Daewoo 4.
The three shipbuilders also secured two-thirds of the total global LNG carrier orders, while also receiving more than 40 orders for container vessels with over 10-thousand TEU or twenty-foot container capacity.
Industry officials attribute the three companies’ dominance to the outstanding technologies Korean firms possess and forecast that the trend will continue in the latter half of this year.
Source: Arirang News
