Clarkson Research Aggregation
Superiority in high-value ship types such as LNG carrier VLCC
Hyundai Heavy’s order rally continues this year
The Korean shipbuilding industry surpassed China and achieved the world’s first place in ship orders last year. Despite the severe drought in the first half of the year, it succeeded in a dramatic reversal in the last week of December due to the year-end orders.
According to Clarkson Research, a British shipbuilding and shipping market analysis company on the 12th, Korea ranked first in the world by winning a total of 187 vessels last year, 8.19 million CGT (standard cargo conversion tonnage). The global market share was 43%. China followed with 7.93 million CGT (353 vessels, 41%). Japan only won 1.37 million CGT (86 ships, 7%).
Until the first half of the year, China won 3.15 million CGT orders and doubled the gap with Korea (118 CGT). It started pursuing by earning orders for a carrier (VLCC), etc.
Korea surpassed China (1.01 million CGT) by sweeping 73% of global orders (392 million CGT), or 2.85 million CGT, in December last year. After winning orders for liquefied natural gas (LNG) ships with a price of 186 million dollars (approximately 205 billion won) per ship, they succeeded in hitting the “finish home run” at the end of the 9th inning.
Korea won orders for 36 out of 49 large LNG carriers ordered last year (73%), 35 out of 41 VLCCs (85%), and 18 out of 28 S-Max class crude oil carriers (64%) And showed its potential in the high value-added ship class. The total global order volume last year was 19.24 million CGT, down 66% from the previous year (29.10 million CGT). However, Korea’s market share was 43%, the highest in 10 years.
Korean shipbuilders are continuing their order rally this year. Hyundai Heavy Industries Group announced that it has won an order for two 300,000-ton VLCCs (pictured) from a European shipping company for 200 billion won. Starting with the first order of this year on the 5th, Hyundai Heavy Industries Group has 6 new super-large container ships a week, 1 liquefied natural gas (LNG) carrier, 1 liquefied petroleum gas (LPG) carrier, and a petrochemical product carrier (PC) A total of 11 vessels (1.3 trillion won), including one and two VLCCs, were signed.
The shipbuilding industry is expecting an order rally to continue in the first half of this year. Shanghai Container Fare Index (SCFI) Has risen for 13 consecutive weeks, hitting a high, and the demand for container ships is rising due to the shipping boom. An official from Hyundai Heavy Industries said, “Including container ships that are expected to recover this year, LNG“We will focus on our ability to win orders, focusing on high value-added and eco-friendly ships such as ships.”
Hyundai Heavy Industries Group set the target amount for this year’s orders last year (110About a billion dollars) 35.4% Raised 149Billion dollars (about 16article1000Won).
Reporter Mansoo Choi [email protected]
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