South Korean Yards Top Order Backlog

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Published Aug 19, 2017 6:32 PM by The Maritime Executive

South Korea's three major shipyards, Daewoo Shipbuilding & Marine Engineering, Samsung Heavy Industries and Hyundai Heavy Industries, have retained their top global ranking in terms of order backlog, according to Clarkson Research.

Daewoo has 82 vessels representing 5.96 million compensated gross tons (CGT), as of the end of July. Hyundai Heavy Industries has 69 vessels (3.33 million CGT) and Samsung Heavy Industries has 60 ships (3.04 million CGT).

Next was Shanghai Waigaoqiao with 51 vessels (2.20 million CGT) and Japan's Imabari with 30 vessels (1.84 million CGT). Hyundai Heavy Industries' two affiliates Hyundai Samho Heavy Industries and Hyundai Mipo Dockyard were placed ninth and tenth, respectively, with 38 vessels (1.44 million CGT) and 65 vessels (1.39 million CGT). STX France was 11th with eight vessels (12.22 million CGT) and Finland's Meyer Turku Shipyard was 12th with eight vessels (12.37 million CGT).

South Korean yards overtook China in July with the highest number of new orders. The Korean yards received orders for nine vessels (306,000 CGT), China 13 vessels (295,000 CGT) and Japanese shipyards none.