Shipbuilding should look to the offshore sector for growth
Says CEO of the Korean Register According to Oh Kong-gyun, Chairman and CEO of the Korean Register, the global shipbuilding sector should seek growth opportunities from the offshore industry.Speaking at the 4th Seoul International Shipbuilding and Maritime Conference (SIMS) in Korea this week, Mr Oh explained that while the world fleet is continuing to grow, the number of new orders decreased within the period 2006-2009."It can be assumed", he said, "that over the coming 10 years, the yearly average newbuilding order book will be less than that of the past 10 years. The demand for containers, tankers and LNG carriers will decrease, while the construction of offshore platforms will show strength in the market place owing to a high demand for energy, increased investment in the exploitation of oil and gas and higher oil prices. The increased demand for deep-sea crude oil and natural gas will also lead to heightened newbuilding activities for deep-sea oil platforms. The operational areas for these platforms will be mainly in Africa and the Gulf of Mexico"Mr Oh was joined at this year's SIMS event by Mr Oh-Yoon Kwon General Manager, KOSHIPA, the Korean Shipbuilders' Association who reminded delegates that Korea has been the global ...
Read more