Chinese shipbuilding industry's dream of world domination crushed by Korean

[Korean]

Shipbuilders to ride wave|Industries|chinadaily.com.cn

Shipbuilders to ride wave
Updated: 2011-11-30 09:27

MIIT official says the industry will soon undergo major consolidation
BEIJING / SHANGHAI - Pressed by the difficult market conditions, China plans to enhance the competitiveness of its shipbuilding industry by developing a handful of major players, said Guo Yanyan, a senior official at the Ministry of Industry and Information Technology (MIIT).

In 2010, China replaced South Korea as the world's top shipbuilder and the volume of completed shipbuilding orders accounted for 43 percent of the global total. Meanwhile, orders for new ships accounted for 5 percent and orders in hand were 41 percent.
So far this year, orders for new ships made in South Korea have outstripped China by 17 percent, Zhang said.

"With their technological advantages, South Korean shipbuilders can manufacture vessels with more added-value. Chinese shipbuilders have not paid enough attention to their product structure and are facing a serious problem of overcapacity in the market," said Zhang at the forum.

Chinese shipyards' celebration of overtaking Korean shipyards in ordered tonnage(Not dollar value as Korean orders were worth three times as much per ton as Chinese orders because Korean specialize in high-value ship types) for the first time in 2010 turned sour this year as the orders for cheap Chinese bulk cargo vessels ordered by Chinese domestic shippers crashed in 2011, while European and American orders to Korean shipyards recovered. The end result is that half of Chinese shipyards stopped operating due to lack of orders and the Chinese government is ordering an industry wide restructuring to clean up the mess.

Tonnage wise, Korean shipyards signed 17% more than Chinese shipyards this year. Dollar-value wise, Korean orders are worth 4 times as much as Chinese orders, and Chinese shipyards are finding it extremely difficult to close this gap, because Chinese labor costs are rising fast while Chinese technology is standing still and not closing the massive gap with Koreans.

The lone bright spot among Chinese shipyards is STX Darien, a shipyard constructed in China because the Korean shipyard STX couldn't find anymore space to build additional capacity on the Korean side. Although Korean owned and operated, STX Darien is counted as Chinese tonnage because it's located in China.

 

[beijingwalker]

ha,we will see what will happen in the future,seems like China is busy in builidng homemade aircraft carriers,submarines and other warships now.

 

[Korean]

ha,we will see what will happen in the future,seems like China is busy in builidng homemade aircraft carriers,submarines and other warships now.

Do you honestly believe Koreans( and Japanese) cannot build aircraft carriers? They chose to not build them because they didn't need carriers, not because they cannot build carriers better than what Chinese are building.

French carrier Mistral, built by STX(of Korea)

 

[Black Widow]

Do you honestly believe Koreans( and Japanese) cannot build aircraft carriers? They chose to not build them because they didn't need carriers, not because they cannot build carriers better than what Chinese are building.

French carrier Mistral, built by STX(of Korea)

I agree, South Korea has gone far far ahead after korean war. Automobile and Shipbuilding is areas which Koreans are among the best.

Aircraft carrier is not big deal for Japan (Coz they alrerady had it), Looking at korean capability we can say that korea is equally capable of doing so. Making is carrier is not only make one in elite club...

 

[SXNJ]

Do you honestly believe Koreans( and Japanese) cannot build aircraft carriers? They chose to not build them because they didn't need carriers, not because they cannot build carriers better than what Chinese are building.

French carrier Mistral, built by STX(of Korea)

I believe Japanese can build AC,but I don't think you Korean can, AC is totally different from commercial ship and more complicated. For example, you can see your rocket project,what a shame.

As for the shipbuilding industry, I have no doubt China will defeat Korea soon, cheer as long as you can until been left behind by China

 

[rcrmj]

I believe Japanese can build AC,but I don't think you Korean can, AC is totally different from commercial ship and more complicated. For example, you can see your rocket project,what a shame.

As for the shipbuilding industry, I have no doubt China will defeat Korea soon, cheer as long as you can until been left behind by China

as usual they blamed on russia

 

[FairAndUnbiased]

as usual they blamed on russia

Nothing is ever Koreans fault. Korea is the greatest power in the universe!

 

[Pakchina]

ha,we will see what will happen in the future,seems like China is busy in builidng homemade aircraft carriers,submarines and other warships now.

Korea and Japan can get access to all Western technologies and assistance in terms of military naval shipbuilding is concerned. All their destroyers are based on the Arleigh Burke while there is a strict technological embargo on China. Even Russia could build licensed French Mistral.

 

[Obambam]

Too bad the rest of the Korean economy doesn't quite add up . But props to Koreans to where it's due.

 

[InFn-0]

I really have a lot of respect for Korea, in 1971 the per capita gdp of Bangladesh and South Korea were similar if i am not mistaken, but now, look where they have gone. Id say after Japan, South Korea is the most advanced asian nation in terms of technology. I read a report by Goldman Sachs some time back and they said if ever South Korea and North Korea decide to join and get back together, it would be one of the most powerful nations in the world. I hope someday you people solve your problems and get along nicely.

 

[Korean]

I believe Japanese can build AC,but I don't think you Korean can,

British doesn't think so. In fact, the Queen Elizabeth class carriers were originally planned to be built in Korea.

BBC News - Aircraft carrier: A mind-boggling building job

The project has had its critics.

The former deputy chairman of Babcock - which is part of the ACA - Lord Hesketh resigned in November after describing the project as a "disaster".

He told the BBC the carriers could have been built for a fraction of the cost at a shipyard in South Korea and claims the project only went ahead in its present form because of the number of jobs it preserved.

 

[Adnan Faruqi]

ha,we will see what will happen in the future,seems like China is busy in builidng homemade aircraft carriers,submarines and other warships now.

If you can't read that's not my problem.

It says

orders for new ships made in South Korea have outstripped China by 17 percent, Zhang said.

That means china is not getting new order for new ships and South Korea is well ahead of china and people are giving order to south Korea instead of china.

 

[Adnan Faruqi]

Too bad the rest of the Korean economy doesn't quite add up . But props to Koreans to where it's due.

Talking about economy and comparing with South Korea

Too bad china will never be like South Korea.

South Korea's per capita GDP is 5 times greater then china.

 

[beijingwalker]

If you can't read that's not my problem.

It says



That means china is not getting new order for new ships and South Korea is well ahead of china and people are giving order to south Korea instead of china.

ha,it doesnt matter,China was way behind many countries in shipbuilding just a decade ago and last year became the top shipbuilder in the world and we can see a bright progressive future at least.we just finished building world class ice breaker and submersible and polar exploration ship,how does India fare in ship building industry by the way??

---------- Post added at 11:57 PM ---------- Previous post was at 11:54 PM ----------

Talking about economy and comparing with South Korea

Too bad china will never be like South Korea.

South Korea's per capita GDP is 5 times greater then china.

It deveoped fast with help of the west,no one denied it,and China develop very late after cultural revolution,but small places have better chance for fast developing,Taiwan ,Hongkong and Singapore all have higher GDP capita than South Korean and they are also Chinese.

 

[rcrmj]

If you can't read that's not my problem.

It says



That means china is not getting new order for new ships and South Korea is well ahead of china and people are giving order to south Korea instead of china. :smokin:

headless chickens always draw conclusion on some rather entertaining articles``do a bit research about shipping industry before inforcing the already ruined indian reputation as clueless bunch