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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 ...

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Korean Register strengthens Asian presence by opening headquarters in Singapore

The new HQ oversees the operation of the 15 branch offices IACS member, Korean Register (KR) formally opened its Asia/Pacific headquarters in Singapore on 25th July.The new HQ oversees the operation of the 15 branch offices and survey stations located throughout the region.KR chairman & CEO, Oh Kong-gyun said: "The creation of the Asia/Pacific regional headquarters in Singapore cements our presence in this region and re-confirms our commitment to our customers who operate here."Establishing a network of regional HQs is part of our ongoing strategy to raise quality and customer service throughout the world. We have already opened regional headquarters in China and in Europe and plan further enhancements next year," he said.Immediately prior to the opening, KR staged its fourth annual technical seminar in Singapore, which was attended by more than 120 people representing shipowners, yards and designers.Issues covered included IMO conventions, PSC trends and the Energy Efficiency Design Index (EEDI).Source: Tanker Operator

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