Tag: korea shipbuilder
Cat fight between China and Korea
by ash on Apr.12, 2010, under Business & Industry
“Cat fight between China and Korea”
Chinese shipyards took full advantage of their low-cost edge over rival shipbuilding nations Korea and Japan. In 2009, China beat Korea to the shipbuilding top spot, having won 44.4 percent of all new orders compared with Korea’s 40.1 percent.
With the world now recovering from the global financial crisis, analysts said that they expected the trend towards building in China to continue. Asiasis commented that this shift was “revolutionary”, since Korea has been at the global shipbuilding top spot for over two decades.
However, while China claims the highest rank in terms of order in take for 2009, Korean builders are more frequently named in the world’s top ten shipbuilders, taking seven spots in total.
For now, Korea continues to hold its own as it focuses on high technology building of vessels such as LNGs, which most Chinese yards are not yet capable of achieving.
Courtesy : Baird Maritime
Coming soon the new era of shipyard
by ash on Feb.05, 2010, under Business & Industry
“Samsung to build green shipyard ”
Samsung Heavy Industries, Korea, held a ceremony to launch its green management programme on January 28. As part of the project, Samsung announced that it launch a “green shipyard”.
Worth US$434 million and to be ready by 2015, this specialised shipyard will develop environmentally-friendly vessels.
“The green growth paradigm is emerging due to global warming and companies are required to take action and responsibility for the cause,” Samsung President Noh In-sik was quoted as saying by Asiasis.
“Keeping pace with the demands of the new era, we will promote growth based on green management in a bid to become a socially responsible company.”
A green management committee with a representative director will also be chosen to head the new shipyard.
The shipyard will aim to develop new technologies to enhance energy efficiency while decreasing green house gas emissions by 30 percent.
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