ID :
211198
Wed, 10/05/2011 - 06:03
Auther :
Shortlink :
https://oananews.org//node/211198
The shortlink copeid
China lags 4 years behind S. Korea in shipbuilding technology
By Kim Young-gyo
HONG KONG (Yonhap) - China is estimated to be four years behind South Korea in terms of its shipbuilding technology, a report said Wednesday, suggesting South Korea maintains the advantage over its fast-growing rival.
Shanghai Shipyard, which is owned by the China State Shipbuilding Corporation, recently inked a deal with Singaporean firm Opus Offshore to build drillships. The vessels, which require a higher level of technology than standard ships, will be the first of their kind to be constructed by Chinese shipbuilders.
Samsung Securities Co. said in a report that while Chinese shipbuilders are expanding their presence in the global shipbuilding industry, few of them have the capability to build value-added vessels.
"Concerns are growing among South Korean shipbuilders that China will soon catch up with them," said Han Young-soo, an analyst at Samsung Securities. "However, it is estimated that South Korea is four years ahead of China in building advanced ships."
The brokerage firm, however, stressed that the growth in the number of ships built by China is not negligible.
Due to massive government support and aggressive business advancement, Chinese shipbuilders increased their output by 86 percent this year compared to 2006, it said.
China rose as the world's top shipbuilder in 2009, outpacing South Korea in the number of new orders received and order backlogs as its builders attracted new custom with their relatively lower prices.
South Korea, however, regained its position of having the most new shipbuilding orders in the first half of this year, by securing deals for large, value-added vessels, according to global market researcher Clarkson Research Services.
South Korean firms have continued to focus on high-priced vessels such as liquefied natural gas (LNG) carriers and offshore facilities.
HONG KONG (Yonhap) - China is estimated to be four years behind South Korea in terms of its shipbuilding technology, a report said Wednesday, suggesting South Korea maintains the advantage over its fast-growing rival.
Shanghai Shipyard, which is owned by the China State Shipbuilding Corporation, recently inked a deal with Singaporean firm Opus Offshore to build drillships. The vessels, which require a higher level of technology than standard ships, will be the first of their kind to be constructed by Chinese shipbuilders.
Samsung Securities Co. said in a report that while Chinese shipbuilders are expanding their presence in the global shipbuilding industry, few of them have the capability to build value-added vessels.
"Concerns are growing among South Korean shipbuilders that China will soon catch up with them," said Han Young-soo, an analyst at Samsung Securities. "However, it is estimated that South Korea is four years ahead of China in building advanced ships."
The brokerage firm, however, stressed that the growth in the number of ships built by China is not negligible.
Due to massive government support and aggressive business advancement, Chinese shipbuilders increased their output by 86 percent this year compared to 2006, it said.
China rose as the world's top shipbuilder in 2009, outpacing South Korea in the number of new orders received and order backlogs as its builders attracted new custom with their relatively lower prices.
South Korea, however, regained its position of having the most new shipbuilding orders in the first half of this year, by securing deals for large, value-added vessels, according to global market researcher Clarkson Research Services.
South Korean firms have continued to focus on high-priced vessels such as liquefied natural gas (LNG) carriers and offshore facilities.
