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China leading in shipbuilding industry, recorded contracts in its history |
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Wednesday, 20 January 2010 |
 In 2009, China managed to bypass the volume of shipbuilding of South Korea, which had been a leader in recent twenty years. For the first time in its history China shipbuilders have outrun its major rival. Last year,
China won 44.4% of contracts while South Korea only 40.1%, with Japan
coming third, PrimaMedia reports citing statistics from the Clarksons
Plc London agency. In 2009 China shipbuilding companies were contracted
to build ships of total tonnage at 53.2 million CGT, South Korea - 52.8
million CGT.
"In fact, the Chinese shipbuilding industry today is not quite a very
rosy picture," says Eugene Kolesov, CEO of Optim Consult. "Among the 10
top global shipbuilders, are listed South Korea’s seven still leading
in values and quality of its products. However, the Chinese have proved
again that in the price battle they are still beating others", the
expert said.
As to statistics from the China Research Institute of Shipbuilding, the
value of new orders in 2009 in South Korea totaled more than $9
billion, in China - about half of that number. In addition, recent year
China appeared to be the largest global shipbuilders, but 30% of its
contracts were suspended for an indefinite period, 65% of Chinese
shipbuilers were not getting the orders in recent months of 2009. At
that, the local shipyards founded during recent economic slump have had
no orders at all for 2010.
Source: PortNews
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