Korean Shipbuilders Forecast a Record 2002
 
Advertise Here
Trending Topics:
Sunday, June 14, 2015

Ship Equipment
Ship Maintenance
Unitor
Ship Systems
Bimco
Worldwide Metric
Portvision
Hydroscan
Freeman Marine
Neptune Group

MarineTalk
Home Page
About MarineTalk
Buyer's Guide
World InfoDesk
Discussion Forums
Advisory Board
FAQ
Advertising Information
Submit Company Listing
Edit Company Listing
Site Map
 
MarineTalk Site Search:
Featured Companies

International Federation of Shipmasters' Associations
IFSMA is a Federation established to uphold International Standards of Professional Competence for Seafarers commensurate with the need to ensure Safe Operational Practices, Preservation from Human Injury, (continued below)
    United Kingdom

Canadian Institute of Marine Engineering
CIMarE was incorporated by Federal Charter in April 1976 to advance and promote in Canada the science and practice of marine engineering, naval engineering, naval architecture, ocean engineering, marine electrics and electronics, control engineering.
    Canada

Norwegian Shipowners' Association
The Norwegian Shipowners' Association - the NSA - is the employers' organization for oceangoing shipping and companies involved in floating and movable offshore activities.
    Norway

Chamber of Commerce and Industry of Slovenia
President: Mr. Jozko Cuk, Vice Presidents: Ms Marta Kos, Mr. Samo Hribar Milic, Secretary General: Ms Rika Germ Metlika
    Slovenia

Korean Shipbuilders Forecast a Record 2002

      1/25/2002

South Korean shipbuilders forecast another bumper year in 2002 after four consecutive years of record-breaking exports and production. The country's shipbuilding industry remained profitable in 2001, with ship production rising 6.6 percent year-on-year to 6.45 million compensated gross tonnes (CGT). South Korea built 207 ships last year.

Ship exports jumped 17.7 percent to an all-time high of US$9.7 billion. Germany was the biggest client last year by importing $1.87 billion worth of ships from South Korea, followed by Greece with $1.75 billion. Ship exports accounted for 6.4 percent of South Korea's total exports last year, compared to 4.8 percent in 2000. The ministry projected this year's ship exports at $9.8 billion.

Hyundai Heavy Industries, the world's largest shipyard, and other South Korean firms secured 23 orders for LNG carriers last year, helped by an upsurge in global demand for natural gas. South Korea won 49.9 percent of global ship orders in 1999 and 45.8 percent in 2000, prompting accusations that its shipbuilding industry is debt-financed and supported by indirect government aid. European shipyards contend they are threatened by the excess capacity of over-leveraged South Korean rivals.


Business Day  


You may also like:
Trending Technology, World Shipping & Maritime News





Latest Marine News and Technology Articles | Maritime 2015 Buyer's Guide





MarineTalk

E-mail:  Contact Us

Copyright 1998 - 2015 MarineTalk
Division of Link Internet Business Solutions
All rights reserved.

The reproduction, retrieval, copying or transmission of this Web site content,
in whole or in part, is not permitted without the express permission of
MarineTalk .