Total 2010 in South Korea Ship Orders - Korean Shipbuilding Industry in 2011, waiting for warm spring day ... Table 2 based on the Clarkson data shows that the order results of domestic shipbuilders in 2010 are found to be 522 ships, 13,374,046.73 CGT. In contrast, in Table 4 sorted by public relations of domestic shipbuilders, new orders in 2010 is about 575 ships which shows a deviation from Clarkson’s and also, shows a different value with Table 3, derived from the press release published in shipbuilding companies. (Feb, 2011(201102). Marine and Shipbuilding Monthly )

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Total 2010 in South Korea Ship Orders
Korean Shipbuilding Industry in 2011, waiting for warm spring day ...

MKE(Ministry of Knowledge Economy, Korea) forecasted the shipbuilding industry in 2011 is highly likely to regain No. 1 status for new orders which China has had for 2 consecutive years. It’s because optimistic outlook of container ships and marine plants in the demands in 2011, which our country has seen the strength of and positive elements such as marine fuel regulatory or so.

In addition, it is judged that China's shipbuilding industry is in the face of the bad news such as inactivity of bulker market that is China flagship species, industry restructuring pressures due to sudden enlargement of institution, rise of labor costs and weak price competitiveness due to appreciation of the renminbi.

Of course, it should not be overlooked that on the basis of China's huge foreign exchange reserves, providing ship financing to strengthen relations with European countries and ship owners, and being increased for the orders of valueadded products such as LNG vessels could become a variable.

MKE announced that vessels and equipment exports in Korea on 2010 reached up to 49.8 billion U.S. dollars to achieve the biggest performance, but the world shipbuilding capacity in 2011, would stay in 4,540 CGT having more decreased 9.5 % than in 2010, and domestic shipping and shipbuilding exports would be amount to $ 4.7 billon U.S. dollars with falling 5.6%.

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About Media Analysis

1. 2010, Order Status
(1) Results and scores of world shipbuilding companies in 2010 (new orders, backlog)
1) 2010 World new-order status
2) 2010 Korea new-order status
3) Regional backlog, the truth and false of the statistics
With keeping the difficulties in mind, the accurate and transparent statistics for the whole world have to be constructed as soon as possible, and for this purpose, "Marine and Shipbuilding Monthly” want to be the 1st carrier for the recent report.

2. Conclusion
Hyundai Heavy Industries (except SAMHO) who achieved orders of 9.6 billion U.S. dollars last year have taken the strong step forward with the supply contract for 590 billion won scale of drill-ship with Diamond company in United States.
In addition, Samsung Heavy Industries who receives the order of 31 among 51 drill ships in the world to take pride in the world’s market share of 60% in 2010 in the world, also offer the strategy leaving China and Japan out by promoting the new line of development such as LNG-FSRU (floating LNG storage and re-gasification plants) and drilling FPSO together with the plan to further strengthen their market dominance with flagship products such as drill ships, LNG-FPSO and ice braking oil tanker. Table 4 shows new orders result of the major domestic companies in 2010 and the goal for 2011.

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