Korea – home of the world’s three largest shipbuilders

shipbuilding market share 2012

Shipbuilding is the construction of ships and floating vessels. It normally takes place in a specialized facility known as a shipyard.

Korea is home of the world’s three largest shipbuilders (Daewoo Shipbuilding and Marine Engineering, Hyundai Heavy Industries and Samsung Heavy Industries), which supplies nearly half of the global ordering.

Today, South Korea is the world’s second largest shipbuilding country with a global market share of 29% in 2012. South Korea leads in the production of large vessels such as cruise liners, super tankers, LNG carriers, drill ships, and large container ships.

Korea’s “big three” shipbuilders, Hyundai Heavy Industries, Samsung Heavy Industries, and Daewoo Shipbuilding & Marine Engineering, dominate global shipbuilding, with STX Shipbuilding, Hyundai Samho Heavy Industries, Hanjin Heavy Industries, and Sungdong Shipbuilding & Marine Engineering also ranking among the top ten shipbuilders in the world.

Its competitive advantage to the emerging industry in South Korea which had the advantages of much cheaper wages, strong government backing and a cheaper currency. Korean shipbuilders offer ship under construction costs and compensate for the loss of subsidies and manner while improving cash flow.

Developments in various industry sectors in the country of Korea should be given the thumbs up.

Especially when watching the video “Sungdong Shipbuilding & Marine Engineering Co.., Ltd.. – Korea supplier of buil carrier, Tanker, Container Vessel.” one shipbuilding factory in Korea follows this, so fantastic.

Sungdong Group is a South Korean shipbuilding company with four operating units. In 2007 it acquired a shipbuilding facility which became one of the world’s top 20 shipyards.

Video : “SUNGDONG shipbuilding & marine engineering PR Movie.”

Courtesy of Sungdong Shipbuilding & Marine Engineering Co.., Ltd..

Video published in YouTube by woon yong Bae on 13 Jun 2010.

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