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| Shipbuilding: Long Way to Go to Break High-end Monopoly |
July 11, 2007 |
| On June 30, China Shipbuilding Industry Corporation (CSIC)’s Marine Engine Works in Dalian completed two mammoth diesel marine engines. These super-heavy-duty engines are a 49,680-horsepower 8K90MC-C main engine which will be equipped on a 4,250-TEU containership built by Sinopacific Shipbuilding Group, and a 34,650-horsepower 7S80MC main engine which is to be installed on a 300,000-ton tanker built by China Shipping Group. There have been remarks that this is the first time that China has successfully built a super-large marine main engine with nearly 50,000 horsepower, which brings hope for breaking the monopoly by Japanese and Korean engine manufacturers. Japanese and Korean monopoly on the high-end shipbuilding market is evident in our news reports last week. According to statistics by AXS-Alpha-liner News, in the decade from 1997 to late April 2007, 160 super-large containerships above 7,500TEU had been completed and delivered to ship-owners. Hyundai Heavy Industries Co. delivered 57 of these mammoth ships, ranking the first; Samsung Heavy Industries came right after with 39. Statistics by the Korean shipbuilding industry show that Hyundai, Samsung and Daewoo have captured 73.1% of the 7,500TEU or above containership market. In addition, Korean shipbuilders have acquired the capacity to design 140,000TEU containerships. According to a survey by Clarkson, in the first half of this year, Korean shipbuilders undertook all orders for high-value-added drilling vessels and LNG transport vessels in the world; of which the only orders for three drilling vessels went to Samsung Heavy Industries. Out of all 138 orders for LNG transport vessels globally, 102 or 74% are snatched by Korean shipbuilders, with 42 by Samsung and 38 by Daewoo. http://www.wuliu.org/article/detail.aspx?articleid=43708 |
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