European shipbuilders claim that South-Korean yards sell their latest newbuildings too cheap and have used IMF (International Monetary Fund) funds to rescue their shipyards from bankruptcy. But the Koreans do not care at all, they continue to sell ships in big quantities. South Korean shipbuilders argue that the low prices, they have been offering for newbuildings in the last 12 months, will still allow highly productive yards to make a profit, or at least break even. Japanese and South-Korean yards secured 72 % of the new orders booked 1998, down from 80 % in 1997. Japan managed to increased the gap between itself and South Korea by gaining 6 % more new orders, compared with a 2 % gap in 1997. Both shipbuilding nations together shared just under 70 % of the world market at the beginning of this year. But South-Korean yards edged ahead of Japan in the final quarter of 1998. Following Lloyd's Register's statistics South Korea entered the new year with orders for 337 ships measuring 20268000 GT (10470000 cGT) and Japan with a backlog of 490 ships of 19652000 GT (10028000 cGT). CGT (compensated gross tonnage) reflects the manhour intensity involved in the orderbook based on the complexity of the ship types involved. The c-factor shows figures around 0.5 for both nations, so it can be said that mass- rather than labour-intensive production is concentrated in the Far East. By the end of 1998, there were five major shipbuilding groups in South Korea: (1) Hyundai Heavy Industries, (2) Daewoo Shipbuilding & Heavy Machinery, (3) Samsung Shipbuilding & Heavy Industries, (4) Halla Engineering & Heavy Industries, and (5) Hanjin Shipbuilding & Heavy Industries. Following the entry of Hyundai Mipo Dock into the newbuilding business by dedicating part of its facilities for newbuildings as of this year, the number of major shipbuilders now stands at six companies with seven yards in total. The total number of dock units or berths for ships of 4000 dwt and above stands at 41 units. There are four yards able to build really large vessels of well over 200000 dwt: (1) Hyundai's Ulsan yard, (2) Samsung's Kohyun yard in Kojedo, (3) Daewoo's Okpo yard in Kojedo and (4) Halla's Samho yard. Particularly conspicuous are the latest newbuilding docks of Hyundai's No. 3 (640 m x 92 m), Daewoos's No. 1 (530 m x 131 m) and Samsung's No. 3 (640 m x 97.5 m) being by far the largest docks of their class in the world. Similar docks can be found in Japan.


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    Titel :

    Aggressive shipbuilding in Korea


    Weitere Titelangaben:

    Aggressiver Schiffbau in Korea


    Erschienen in:

    Erscheinungsdatum :

    1999


    Format / Umfang :

    3 Seiten, 2 Bilder, 3 Quellen



    Medientyp :

    Aufsatz (Zeitschrift)


    Format :

    Print


    Sprache :

    Englisch