Next year the new South Korean shipbuilding market is gradually improving

Three shipping enterprises Korea - Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding & Marine is expected next year, the market demand for high-end ships will gradually improve.

According to market analysts expect next year a new global shipbuilding market to remain weak, because the owner of the world's largest shipping demand is still weak. However, three major Korean shipbuilding enterprises continue to adjust and narrow the gap between business-critical, in order to save costs and improve management efficiency. As the new shipbuilding market continues to adjust, Korean shipping companies ship their sights on other high-end LNG ship orders.

Samsung Heavy Industries in the management changes, has recently set up a team responsible for the shipbuilding and marine equipment and other large projects. Samsung Heavy Industries official said: "R & D investment will increase LNG ship, to overcome the current uncertainty in the market, and to strengthen the drilling ship in 2015, to build capacity of marine equipment and other flagship products."

Daewoo Shipbuilding and Marine Shipbuilding announced steady growth strategy, further restructuring of its business units, expanding LNG ship business.

Market analysts said, the growing popularity of shale gas has increased demand for high-end ships. North American shale gas revolution, LNG export growth, the need for more LNG ship owner.

In addition, a large container ship orders continue to grow as Maersk and other large shipping companies continue to expand fleet size.

According to media reports, Maersk Line CEO recently said that in 2019, the company would need to increase by about 30 large container ships.

Due to falling oil prices and increasing Chinese shipyard orders, shipping enterprises in Korea three competition with China has been lost, it is difficult to complete orders for this year's annual target.

According to the latest data show that as of mid-December, three South Korean shipping enterprises get $ 30.8 billion this year, a total of new ship orders, orders completed only 70.3 percent annual target.

Failed to complete the main goal is to decrease oil drilling ship orders to reduce this year drilling rigs and marine equipment orders fell by 17.6 percent, down from $ 13.6 billion during the same period last year to $ 11.2 billion.