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First three quarters of new ship orders in South Korea ranks

Korean Ministry of Knowledge Economy announced Oct. 16, according to Clarkson and the Korean shipbuilding industry statistics summary, in the first three quarters of this year, South Korea ship enterprises amount of new ship orders amount to 5.2 million CGT, ranking first in the world.
    January to September 2012, the international shipbuilding market new ship orders totaling 14.34 million CGT, a year-on-year decrease of 48.1%, which South Korean ship enterprises orders 5.2 million compensated gross tonnage, accounting for 36.3% of the international shipping market total tonnage, down 58.6%; orders total amount of $ 18.9 billion, a year-on-year decline of 56.9%. In the order taken by Korean ship enterprises amount of marine equipment accounted for 70%, 25% higher than the same period in last year, the vast majority of marine orders are get by Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding and Marine embrace, STX Shipbuilding and Marine Engineering only received individual orders, the others had no ability to undertake. Korean Ministry of Knowledge Economy announced that: the first three quarters of this year, the amount of orders of the South Korean ship enterprises keep NO.1 in the world, mainly on the construction of marine equipment advantages, for example, the global total of 30 drilling ship orders, 15 orders of Brazil are its domestic shipping enterprises to take the remaining 15 orders all Korean ship enterprises covered; at the same time, besides China and Japan, the two countries under a single liquefied natural gas (LNG) ship domestic shipping enterprises gains, other international ship market orders for 13 LNG carriers are all taken by Korean ship enterprises.
    This statistics show that the first nine months of this year, the South Korean ship exports amounted to $ 32 billion, down 28% year to year. The South Korean Ministry of Knowledge Economy analysis: the ship export orders received are all after the outbreak of the international financial crisis in 2008, the ship price fell sharply, resulting in its currently ship exports dropped significantly.
    The South Korean Ministry of Knowledge Economy said many small boats enterprises operating difficulties, its shipping sector requires the governments support .the Government will provide liquidity support and guide the small boats enterprises to and develop special types of ships, for their conversions, transformation

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