Exports of ships in first nine months this year amounted to US$7,293 million, an increase of 30.3% over the corresponding period of 2000, spearheading Korea's export campaign. Ships being exported these days are those for which orders were received from the latter half of 1999 to April 2000. Ship exports by the end of this year are presumed to be all-time high US$9,600 million (about 17% rise over last year's).
Nine medium- and large-sized shipbuilders still have orders for 494 ships with the gross tonnage of 16,803,000. It is said that the rise in the shipbuilding volume results from the maintenance of harmonized labor-management relationship and steady increment of productivity through improvement of engineering method and construction process. The amount of ships built last year was the largest (6,047,000 tons). This year, according to forecasts, it will be even greater to become all-time high with 6,500,000 tons.