www.koshipa.or.kr
Offshore & Shipbuilding Korea 2014
Reshaping Marine Economy Via Creative Connectivity
Beyond 'Fast Follower,' Toward 'First Mover,' Korean shipyards are moving ahead with a drive to reshape the marine economy, responding to the prevailing paradigm of hyper-connectivity & new industrial order Contents
03 Message From The Chairman
04 Executive Summary
06 Statistical Highlights
08 Review of 2013
19 Preview of 2014
24 International Cooperation
28 Nine Stars of Korean Shipbuilding Industry
38 Major Products
54 Introduction to KOSHIPA
56 Scoreboard: Korean and World Shipbuilding
58 Korean Shipyard Location Map
58 Related Organizations Offshore & Shipbuilding Korea 2014 & Shipbuilding Korea Offshore Message From The Chairman
Reshaping the World’s Marine Economy Via Creative Connectivity
I am highly pleased and privileged to have this opportunity to introduce the latest developments in the Korean offshore and shipbuilding industry to our clients, partners and stakeholders around the world in order to achieve greater understanding and cooperation.
Last year, the global offshore and shipbuilding industry bounced back a little as the overall economy worldwide showed signs of a long-delayed recovery. However, we cannot be totally optimistic about the future considering that there are still uncertainties on the horizon. In particular, some emerging economies are feared to cool off as the U.S. Federal Reserve begins scaling back its stimulus measures.
Amid the mix of opportunities and challenges in the global economic landscape, Korean shipyards registered order receipts totaling US$41 billion last year, outpacing China’s US$32.7 billion. The Korean surge is attributed to the industry’s transition from a quantitative strategy to a qualitative one based on high-tech, high-value-added products. Examples of this refocused strategy included the progress Korean shipyards made in the development of eco-ships and innovative facilities for energy-resource development platforms.
This year, we expect the advances to continue through a concentration on new growth engines with the vision for diversification of business scope under the slogan “From shipbuilders to ocean builders.”
In particular, responding to the emerging era of hyper-connectivity, we are maximizing the convergence of our business beyond borders. Considering that the shipbuilding and offshore sector by nature is a single global market, we need to pursue greater cooperation and collaboration to achieve common growth and mutual prosperity.
Wishing all our counterparts and stakeholders around the world good health and good fortune, I solicit closer ties in our common pursuit of win-win partnerships and prosperity, contributing to the sustainable and inclusive growth of the global village economy.
Faithfully yours,
Oi Hyun Kim Chairman Korea Offshore & Shipbuilding Association (KOSHIPA) Executive Summary
Message From The Chairman
Transition from Quantity to Quality
- Amid the mix of opportunities and challenges in the global economic landscape, Korean shipyards registered order receipts totaling US$41 billion last year, outpacing China’s US$32.7 billion. The Korean surge is attributed to the industry’s transition from a quantitative strategy to a qualitative one based on high-tech, high-value-added products.
Statistical Highlights
Five Key Indicators Reflect Shipbuilding Business Landscape
- Scoring Korean and global shipbuilding performance are five indicators - Global Overview, World Market Share, Korea Overview, Shipbuilding Workforce, and Ship Machinery & Equipment Production.
Review of 2013
Beyond Obstacles, Creating Unlimited Competitiveness
- 2013 was a busy year for Korean shipyards as they worked to maintain their world number 1 ranking powered by qualitative expansion with state-of-the-art technology and creative innovation of production processes.
Korea Leads World in Order Receipt Value Odyssey of World’s First, World’s Largest Beyond ‘Fast Follower’ Toward ‘First Mover’ Translating Obstacles Into Opportunities Sharing Value of Win-Win Partnerships World Capital for Shipbuilding & Offshore Industry
Preview of 2014
New Challenge for Another Takeoff
- Korean shipyards are poised to achieve another take-off this year, maximizing efforts to upgrade their blue- ocean competitiveness and foster next-generation growth engines.
Double-Digit Growth in Orders & Exports in Sight Proving Excellence, Embracing Challenge When Enough Is Not Enough Network of Tech, Finance, Infrastructure
4 _ Offshore & Shipbuilding Korea 2014 International Cooperation
The Benefits of Global Shipbuilding Value Network
- The success legend of Korean shipbuilders is built on the global outreach of the shipbuilding industry, generating new insights and inspiration from the benefits of global cooperation, coordination & collaboration.
JECKU Top Executive Meeting OECD WP6 Meeting Posidonia & Norshipping SMM Asian Shipbuilding Experts' Forum
Nine Stars of Korean Shipbuilding Industry
Success Partners in Ocean-Going Business
- Introducing KOSHIPA’s nine member companies, delivering best quality ships on time.
Major Products
World-Best Products for Ocean-Going Business Success
- Showcasing Korea's world-top quality products - Tankers, Containerships, Gas Carriers, Bulk Carriers & Special Purpose Vessels, and Offshore Units.
Introduction to KOSHIPA
A Gateway for Int’l Cooperation in the Offshore & Shipbuilding Arena
- KOSHIPA's mission is not only to promote member companies' common interests but also to pursue international cooperation for the sound development of the global shipbuilding industry.
Scoreboard: Korean & World Shipbuilding
Korean Shipyard Location Map
Related Organizations
Offshore & Shipbuilding Korea 2014 _ 5 Statistical Highlights
Global Overview
Orders Increased Sharply
Global shipbuilding orders jumped remarkably to
48.7 million CGT in 2013 from 25.3 million CGT 115.0 103.9 48.0 98.2 in 2012. In contrast, ship completions decreased 46.8 48.7 to 36.6 million CGT in 2013 from 46.8 million 36.6 28.1 CGT in 2012. The orderbook of shipyards around 25.3 the world rose to 103.9 million CGT in 2013 from 2011 2012 2013 2011 2012 2013 2011 2012 2013 98.2 million CGT in the previous year.
Source: World Shipyard Monitor, Clarkson
World Market Share
Korea's World Market Share Diminished New Orders Completions Order Books
Korea's share of global shipbuilding orders posted Others Others Others Europe Europe 7.2% 6.3% Europe 9.6% 4.1% 5.7% 33.1%, outpaced by China at 40.8% and 5.7% followed by Japan at 14.8% and Europe at 4.1%. Japan Korea Korea Korea Japan Japan 14.8% 34.2% 30.8% In terms of completions and orderbook, Korea 33.1% 18.6% 15.4% accounted for 34.2% and 30.8%, respectively, China China China which trailed China's comparable figures of 40.8% 35.2% 38.5% 35.2% and 38.5%. Japan's share of completions Source: World Shipyard Monitor, Clarkson and orderbook was 18.6% and 15.4%, Note: Based on CGT respectively.
Korea Overview
Nearly 2-Fold Surge in Orders
Korea's order intake reached 13.7 million CGT in 2013, nearly double the 7.2 million CGT received in 2012. Ship completions declined slightly to 10.0 million CGT in 2013 from 11.7 million CGT in 2012. Korean shipbuilders' orderbook grew to 32.3 million CGT in 2013 from 28.3 million CGT in 2012.
2010 2011 2012 2013
Source: KOSHIPA
6 _ Offshore & Shipbuilding Korea 2014 Shipbuilding Workforce
Total Manpower Increases
Korea's total shipbuilding and offshore manpower increased to 154,208 as of the end of 2013 from 138,399 in 2012. The manpower structure consisted of 9,576 in management & administration areas, 15,051 engineers, 29,648 technical & skilled workers and 99,933 subcontract manpower.
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Year
Source: KOSHIPA
Ship Machinery & Equipment Production
Production Exceeds 12.4 Trillion Won
Korea Marine Equipment Association (KOMEA) member companies posted 12.4 trillion won in marine equipment production in 2012, compared with 12.7 trillion won in 2011, which is estimated to represent about 80% of Korea’s total marine equipment output.
The overall production figure breaks down to 6.8 trillion won in the engine & machinery segment, 3.3 trillion won in outfittings, 1.6 trillion won in electric & electronics and 611 billion won in hulls.
Source: Korea Marine Equipment Association (KOMEA)
Offshore & Shipbuilding Korea 2014 _ 7 Review of 2013
2013 was a busy year for Korean shipyards as they worked to maintain their world number 1 ranking powered by qualitative expansion with state-of-the-art technology and creative innovation of production processes. Review of 2013
2013 Scoreboard Overview Korea Leads World in Order Receipt Value
Powered by high-tech, high-value vessels, Korea retained the top position in order receipt amount in 2013, humbling its closest rival, China. Korean shipbuilders were especially successful in winning orders for high- end offshore plants, LNG carriers and super-large merchant vessels.
As the global shipbuilding order volume increased Korea’s Order Volume by Ship Type 92.5% year-on-year in 2013, domestic shipyards (Unit: 1,000 CGT) (based on the nine member companies of Korea CONT 4,018 (29.3%) Offshore & Shipbuilding Association) won 13.69 897 (12.5%) million CGT of newbuilding orders in the year, up TK 3,498 (25.5%) 90.9% from 2012. 1,965 (27.4%) 1,048 (7.7%) LNGC 1,888 (26.3%) In terms of tonnage, Korea’s orders accounted for 999 (7.3%) BC 33% of the global total, second only to China, 120 (1.7%) which took in 40.9%. With respect to total value, 523 (3.8%) Drillship Korean shipbuilders recorded US$41 billion, 680 (9.5%) FSRU 202 (1.5%) followed by their Chinese counterparts at US$32.7 123 (1.7%) billion. 75 (0.5%) 2013 2012 FPSO 78 (1.1%)
In terms of ship type, orders for bulk carriers, 0 (0.0%) LNG FPSO containerships, tankers, etc. increased in the major 89 (1.2%) commercial ship sector while orders in the offshore Notes: 1) Tankers include VLCC, Shuttle Tanker, COT, PC and CT. sector were sluggish compared with the previous 2) Only hulls were calculated for Drillships and FPSOs. year. Of particular note, orders were steady for Source: KOSHIPA medium-range (MR) tankers due to enhanced fuel mileage, lower ship price and more favorable charterage than other ship types. Meanwhile, Korea’s Shipbuilding Volume by Ship Type drillship orders, most of which were won by large Korean shipyards, decreased year-on-year. (Unit: 1,000 CGT) 4,021 (40.1%) CONT In 2013, the shipbuilding volume of Korean 4,819 (41.1%) shipyards recorded 12.50 million CGT, down 8.1% 2,131 (21.2%) TK from 2012. In the midst of a year-on-year decrease 3,557 (30.3%) of 21.8% in the global shipbuilding volume, Korean 751 (7.5%) BC shipyards also experienced a reduction due to 2,379 (20.3%) declines in work in progress, delay in ship delivery 730 (7.3%) schedules, etc. LNGC 80 (0.7%)
By ship type, containerships still accounted for the Drillship 336 (3.3%) 266 (2.3%) largest ratio of 40.1%, followed by tankers at 21.2% 2013 2012 and bulk carriers at 7.5%. In the case of high value- 69 (0.7%) FPSO added containerships, meanwhile, Korean shipyards 72 (0.6%) built nine ships in 2013 compared with one ship in 2012. In 2013, Korea's ship exports decreased 6.6% Notes: 1) Tankers include VLCC, Shuttle Tanker, COT, PC and CT. year-on-year to US$37.1 billion, which fell short of 2) Only hulls were calculated for Drillships and FPSOs. Source: KOSHIPA
Offshore & Shipbuilding Korea 2014 _ 9 Review of 2013
the US$40.5 billion projected at the beginning of Export Trends by Year the year due to a decline in shipbuilding volume (Unit: US$ Mil.) and delay in deliveries. 56,588 49,112 45,128 The ratio of the shipbuilding industry in the nation's 39,753 12.4 37,144 total exports was less than 10% for the second 10.5 consecutive year due to declines in export unit 10.2 prices. However, the industry is still playing a locomotive role in the development of the national 7.3 6.6 economy as one of the largest export sectors.
The Korean shipbuilding industry has enviable 2009 2010 2011 2012 2013 characteristics such as a high 90% localization rate Ship Exports Ratio (%) in equipment and materials and payments being Data: Based on MTI 746 (Offshore Structures & Parts) made totally in cash. Therefore, the industry's Source: KOSHIPA foreign exchange earning rate as well as containerships will be delivered in November this contribution level to the nation's trade surplus is year after undergoing assembly, launching and very high. commissioning procedures.
In 2013, the industry realized a trade surplus of Samsung Heavy Industries (SHI) won an order for US$33.5 billion, higher than the nation's total trade three 16,000 TEU-class containerships from a French surplus, and maintained a status harmonizing with its shipping company, CMA-CGM, in June 2013. SHI world No. 1 position both internally and externally. plans to apply 'SAVER-Fin' technology to improve fuel mileage. The company explained that the ships Significant changes in the global shipbuilding having this device can achieve up to a 50% fuel market in 2013 included sharp increase in orders for mileage improvement effect. ultra large ships, tighten environmental restrictions and fuel mileage improvements, which emerging as In June 2013, DSME delivered a 18,270 TEU-class hot issues. Responding to these changes, Korean containership ordered in 2011 by Maersk, a Danish shipyards have accelerated their efforts to attract shipping company, in 2011. This ship can re-utilize orders for large merchant vessels on the strength of waste heat to help power itself. DSME expects the their green technology and process innovation. ship's waste heat recovery system to cut fuel consumption by about 10%. In February this year, Hyundai Heavy Industries (HHI) started construction of a 19,000TEU-class A related shipbuilding business official said, “Orders containership, which is the first one of five ships for ultra large containerships will continue to ordered from China Shipping Container Line (CSCL) increase steadily as they help shipowners lower fuel in May 2013. The CSCL-ordered containerships are costs.” He added, "Order-securing competition for the largest-ever in scale among those that have ultra large ships among shipbuilders will become been ordered to date in the global market. The fiercer this year."
10 _ Offshore & Shipbuilding Korea 2014 Review of 2013
Unlimited Supremacy in Offshore Sector Odyssey of World’s First, World’s Largest
Pioneering new frontiers and creating new value, Korean shipyards have continued to demonstrate excellence in technology and expertise in the offshore arena, energizing resource development to fuel a brighter future.
Hyundai Heavy Industries (HHI), the world’s biggest shipbuilder and a leading offshore facilities contractor, won a US$1.9 billion order to build a Floating Production Storage and Offloading unit (FPSO) for Chevron North Sea Ltd. in June last year.
The 99,750-tonne turret moored FPSO is scheduled to be handed over by the end of November 2016. It will be able to produce 100,000 barrels of oil and 190 million standard cubic feet of natural gas per day. It will also have storage capacity for 1.05 million barrels of oil.
The FPSO, measuring 292 m in length, 57 m in width, and 30 m in depth, will be built under the NORSOK standard, applicable to offshore facilities operating in the harsh conditions of the North Sea. Currently, the Ulsan, Korea-based offshore facilities Samsung Heavy Industries (SHI) won the world’s contractor is building two other FPSO and one largest turn-key contract to supply FPSO, with a offshore platform specially designed to perform in total construction cost of approximately US$3.0 the North Sea. billion.
Moreover, HHI won a US$750 million order to build SHI announced on June 13, 2013, that its Nigerian a semisubmersible drilling rig for Diamond Offshore. subsidiary (Samsung Heavy Industries Upstream Nigeria) received an LOA to supply an FPSO, with The drilling rig, measuring 123m in length and 96 the LOA subsequently gaining official contract m in width, can operate in waters 3,000 m deep status. According to the LOA, SHI will build the with a drilling range of 12.2km from the sea’s FPSO, the world's largest offshore plant as of 2013. surface. The rig is scheduled to be delivered by November 2015. This FPSO will be 330m long, 61m wide and 34m high. Its storage capacity will be 2.3 million barrels,
Offshore & Shipbuilding Korea 2014 _ 11 Review of 2013
and the topside alone will weigh 36,000 tons. The total construction cost will be about US$3.0 billion, which is the highest ever among existing FPSO contracts.
SHI will deliver the FPSO through a turn-key contract that includes design, procurement, building, transportation and pilot operation.
Daewoo Shipbuilding & Marine Engineering (DSME) received an order for the world’s largest LNG-FSRU able to drill down to a maximum of 12km in water from Japan-based MOL (Mitsui OSK Line) in up to 3.6km deep. For smooth drilling in deep seas, December 2013. This vessel will be able to store it is fitted with a high-technology drilling system 263,000 m3 of LNG and vaporize 10 million m3 of and machinery. liquefied natural gas per day. DSME began developing LNG-RVs (Regasification Vessel) in 2001 'DSME e-Smart' models are equipped with dual with Exmar, producing its first vessel in 2005. derricks (1,400 ton and 1,250 ton) in order to enhance drilling performance. One of the derricks DSME also signed a contract for two drillships, digs the borehole while the other assembles drilling valued at US$1.2 billion, in October 2013 with an pipes. With this method, working time can be African client. reduced by about 25% compared to a single derrick drillship. It also has improved safety features such as This drillship model is called “DSME e-Smart” and is a twin BOP system. Most drillships only have one a DSME self-developed drillship design. It will be BOP.
Korea's Offshore Plant Development Plan (2013~2017)
The Ministry of Trade, Industry and Energy (MOTIE) Offshore Plant Industry Promotion Target unveiled the 'Offshore Plant Development Plan (2013~2017) announced in November last year. Order Receipt Localization Ratio of Domestic Engineering Equipments Share
The five-year plan highlights localization of US$80 Bil. 60% equipment & materials of a type linked to 50% 40% demanders, technical self-reliance in design engineering through establishment of a deepsea US$25.7 Bil. 20% offshore engineering basin, investment inducement of overseas professional enterprises, strategic 2011 2020 2011 2020 2011 2020 international cooperation including joint research and manpower exchange, cultivation of the offshore plant participation of about 50 industry-academia-research service industry and technological competitiveness institute experts in order to implement the 'Marine enhancement of small and medium-sized shipyards. Equipment Industry Development Strategies' announced in May 2012 by the ministry. Moreover, MOTIE selected 100 strategic technologies for development of the offshore plant industry, and Offshore plants are one of the most important announced the 'Marine Equipment Industry industries for the future with a global market scale Technology Roadmap' to secure the technologies expected to grow rapidly to US$320 billion by 2020 systematically. The roadmap was established with the from US$140 billion in 2010.
12 _ Offshore & Shipbuilding Korea 2014 Review of 2013
Tech Prowess & Process Innovation Beyond ‘Fast Follower’ Toward ‘First Mover’
The pursuit of state-of-the-art technology and innovative production processes has been the driving force behind Korean shipyards’ blue-ocean voyage in the global shipbuilding and offshore market. Their high- tech, high-value strategy, including the rapid convergence of ICT in the emerging era of hyper-connectivity, further enhances their second-to-none competitiveness.
For precision measurement of errors in offshore plants, Showcasing superb technology combined with the Hyundai Heavy Industries (HHI) recently developed the operational efficiency of Samsung Heavy Industries, the '3D Smart Accuracy Management System' and 488-meter-long (1,601 ft.) hull of Shell’s Prelude floating successfully applied the system to FPSOs under liquefied natural gas (FLNG) facility has been floated out production. of the dry dock at the Samsung Heavy Industries (SHI) yard in Geoje, Korea, where the facility is currently under construction. Once complete, Prelude FLNG will be the largest floating facility ever built. It will unlock new energy resources offshore and produce approximately 3.6 million tonnes of liquefied natural gas (LNG) per year to meet growing demand.
“Making FLNG a reality is no simple feat,” said Matthias Bichsel, Shell Projects &Technology Director. “A project of this complexity both in size and ingenuity harnesses the best of engineering, design, manufacturing and supply chain expertise from around the world. Getting to Utilizing 3D scanner and lightwave distance measuring this stage of construction, given that we only cut the first equipment, the system creates stereoscopic images of steel a year ago, is down to the expert team we have offshore structures, compares them with 3D design ensuring that the project’s critical dimensions of safety, drawings and analyzes errors. quality, cost and schedule are delivered.”
The 3D scanning technology is realizing stereoscopic images with digital information on shapes obtained after scanning objects with a laser. Widely used in the actual measurement of cultural assets, the technology played a major role in the restoration of Sungnyemun - Namdaemun (South Gate) in Seoul.
The HHI-developed system projects about one million laser beams per second on offshore structures with 3mm Once completed, the facility will have decks measuring separation to create stereoscopic images. Through this, 488 by 74 meters (1,601 by 243 ft.), a length of more the system measures the whole of offshore structure at than four soccer fields. With its cargo tanks full, it will the same time. This enables it to find errors that could weigh roughly six times as much as the largest aircraft not be discovered with the previous method of using carrier. More than 600 people around the world spent lightwave distance measuring equipment and makes over 1.6 million hours working on different design precise corrections possible. The time required for options for the facility. measurement also was reduced by 80%, enhancing productivity significantly. In 2013, Daewoo Shipbuilding & Marine Engineering
Offshore & Shipbuilding Korea 2014 _ 13 Review of 2013
(DSME) applied a new technique - mounting of large Hyundai Samho Heavy Industries (HSHI) successfully blocks using a 3,600 ton-capacity floating crane after launched a 162,000 m3 LNG carrier built using the berthing a self-propelled barge at a floating dock - to onground shipbuilding method in October last year for vessels under construction and succeeded in installing the the first time in the world. blocks for the first time. DSME mounted five super blocks of the cargo hold, each 20m (L) x 59m (W) x 32m (H) The vessel, designed for delivering chilled natural gas, and weighing 2,600 tons, directly onto a 18,000 TEU was ordered by Golar of Norway in February 2012. containership using a floating crane, without going Measuring 289.0 m in length, 45.6 m in width, and 26.0 through the procedure of mounting after moving them m in depth, it is scheduled to be handed over to the with the crane moored to a self-propelled barge. owner by late July 2014 after outfitting and painting work. This core technology consists of securing strength for the connection of the self-propelled barge and the floating Since the on-ground shipbuilding method allows higher dock and the mooring design that has taken into productivity and cost effectiveness, facilitates efficient account marine environmental conditions affected by utilization of yard facilities and resources, and improves weather. DSME applied the technology after completion safety and working conditions, HSHI plans to build 10 of of verification procedures through design simulations in 12 LNG carriers in its order book using this method. order to secure the appropriate mooring strength.
Certified World-Class Products
Last year, the Ministry of Trade, Industry and Energy (MOTIE) selected three more world-class products in the shipbuilding and offshore sector. The ministry's criteria for world-class products are those that have more than a 5% global market share, rank within the top five in their markets and have an international market worth more than US$50 million with annual exports of at least US$5 million.
Cylindrical Goliat FPSO of Hyundai Heavy Industries (HHI) is designed to store 1 million barrels of crude oil, and 4 million standard cubic meters of gas per day. It measures 112 m in diameter, 75 m tall and weighs about 53,000 tonnes. Goliat FPSO will be installed in the Goliat field, 85 km northwest of Hammerfest, in the Barents Sea. Since the introduction of the “World Class Product” policy in 2001, Hyundai Heavy’s major products have been featured on the list every year.
Daewoo Shipbuilding & Marine Engineering (DSME)'s VLOC (Very Large Ore Carrier) was built in 2011 for the first time in the world. The first vessel, 'MS Vale Brasil,' was selected as the 'Ship of the Year 2011' by renowned shipbuilding magazines Naval Architect and Marine Log.
Asphalt carriers built by Hyundai Mipo Dockyard (HMD) are designed to transport diverse types of cargoes, including coal tar, coal tar pitch, heavy oil, diesel oil, etc., including asphalt, in two independent tanks. It is a high value-added special vessel, equipped with heat transfer media boiler and rock wool insulation to maintain a temperature of about 230°C to prevent hardening of the cargo.
14 _ Offshore & Shipbuilding Korea 2014 Review of 2013
Eco-Friendly & Energy-Efficient Vessels Translating Obstacles Into Opportunities
Eco-Ship is a global trend as environmental regulations are strengthened and is providing leverage to reduce energy costs.
The Korean government unveiled its plan last year to revise the Marine Environment Management Act and the Rules for the Prevention of Pollution from Ships that must be applied in the construction of eco-friendly ships.
Subsequently, ships of 400 tons and above engaged in international sailing will have restrictions on CO2 emission volumes after calculation of the ship energy efficiency design index. The energy efficiency design index is the unit of CO2 volume (g/ton.mile) emitted when transporting one ton of cargo one nautical mile.
Also, all ships over 400 tons should establish plans for energy efficiency enhancement and monitor continuously to ensure efficient use of energy. The measure is expected to contribute greatly to the prevention of global warming by minimizing CO2 emissions, a representative greenhouse gas from ships.
Against this backdrop, Korean shipyards are engaged in developing 'high-efficiency, high-fuel mileage eco-ships.' This strategy stems from their judgement that eco-friendly technologies will provide a breakthrough to overcome the crisis in the shipbuilding business, which is experiencing severe difficulties amid the global economic recession.
World No. 1 ship engine manufacturer Hyundai Heavy Industries (HHI) has succeeded in manufacturing 'Green (G)- Type,' a high-efficiency, high-eco-friendly ship engine, for the first time in the world.
On March 12, 2012, HHI successfully acquired type approval for its G-type engine after inspections from 11 registers of Samsung Heavy Industries (SHI) has shipping around the world and related officials from been reducing annual fuel expenses per shipowners. ship by up to 3.6 billion won starting in 2010 through a remodeling of its hull The G-type engine is a high-efficiency, eco-friendly engine that form and propeller improvements. increases fuel mileage by up to 7% and reduces hazardous gas emissions by up to 7% compared with previous engines of SHI's 'Saver-Fin' technology, a structure equivalent class. attached to the outer plate of a vessel, is able to reduce vessel fuel consumption
Offshore & Shipbuilding Korea 2014 _ 15 Review of 2013
by controlling water flow around the ship's hull. A related SHI official explained, "Ships with this device can improve fuel mileage by up to 5% and cut hull vibration in half."
Daewoo Shipbuilding & Marine Engineering (DSME) developed an eco-friendly ship propulsion system using high-pressure natural gas instead of oil and entered into full-fledged business operation in 2012. Jointly with POSCO Energy, DSME also is developing marine fuel cells. Fuel cells do not emit any hazardous gases like SOx and NOx and are also excellent in terms of CO2 reduction effect.
Energy-Saving Ship Types & Propulsion System
Korean shipbuilding and marine equipment won, private sector: 31.9 billion won) is being industries are in the process of developing core invested in this project. Participating organizations source technologies to reduce CO2 emissions from include detailed lead institutions (5), participating ships over a five-year period (June 2011~May 2016). organizations (enterprises: 6, universities: 6) and A total of 64 billion won (government: 32.1 billion research institutes (2).
Major Research Tasks & Propulsion System Lead Institution Plans Results Korea Research o Development & functional assessment of new-concept o Developed Supermax B/C, Aframax tanker Institute of Ships & energy-saving ship types o Conducted air layer adaptation tests Ocean Engineering o Development of friction resistance reduction technology (about 6% net saving) (KRISO) o Design & functional assessment of propulsion efficiency o Analyzed EEDI for existing domestic B/C enhancement devices o Interpretation of ship speed based on actual ship performance for precise prediction of EEDI (Energy Efficiency Design Index) Samsung Heavy o Assessment of complex propulsion functions & structures/ o Secured a new-type complex propulsion system Industries (SHI) vibration stability o Assessed structure, vibration & safety o Development of power transmission device design o Verified complex propulsion system's fluid technology for large commercial vessels functions (7.9%) o Development of shafting system for large commercial vessels o Established power transmission system design, o Development of lubrication system design & technology lubrication, waterproofing & installation concepts Hyundai Heavy o Development of energy-saving devices by ship type o 7,300 PCTC (3.5%), 106k LNGC (3.0%), 4,700 Industries (HHI) o CFD interpretation of the conditions around ships TEU CC (3.4%) o Securing of PIV (Particle Image Velocimetry) measurement o Developed & automated sliding mesh program equipment to measure local fluid dynamics o Introduced PIV measurement system (Dantec, Denmark) POSCO Plantec o Development of detailed design for 250kWe-class ORC o Designed ORC generation system turbine and (Organic Rankine Cycle) generation system & parts heat exchangers o Selection of optimum secondary battery system for ships o Collected & selected power storage system data o Testing system design for verification of test products o Developed generation integrated operating system control & operating logic Korean Register of o Analysis of applicability of fuel cells to ships o Induced requirements for internal space design Shipping (KR) o Establishment of a test-bed for fuel cell-based for 3,500 TEU-class containerships complex power sources o Designed and installed a test-bed
16 _ Offshore & Shipbuilding Korea 2014 Review of 2013
Shared Growth Sharing Value of Win-Win Partnerships
Responding to the global pursuit of sustainable and inclusive growth, Korean shipyards moved ahead in 2013 in terms of developing win-win partnerships with SMEs, launching a variety of shared-growth programs.
In 2013, Hyundai Heavy Industries (HHI) staged shared The enterprises supported growth proliferation activities in the financing, education by SHI are 40 cooperating and quality fields for its cooperating companies. companies producing marine equipment. The activities included shared growth funds that offer loans at low interest rates, a system to share supply price information that provides supply unit prices and payment Daewoo Shipbuilding & settlement conditions, and free educational support Marine Engineering (DSME) on December 23 last year system to enhance the professional capabilities of the concluded MOUs with five domestic equipment & executives and employees of its cooperating companies. materials firms for the transfer of its patented technology for the high-pressure natural gas fuel supply system (HiVAR-FGSS). Samsung Heavy Industries (SHI) launched green partnership projects last year to facilitate the green growth HiVAR-FGSS is a core technology for natural gas-fueled of marine equipment companies, transferring clean ships that have been in the spotlight recently as eco- production technologies to its cooperating companies, friendly next-generation vessels. establishing a green management system for them, etc.
Convention on Creation of Shipbuilding & Offshore Plant Cooperative Ecosystem
Mirroring the rapidly spreading nationwide drive for 3. Reinforcement of Marine Equipment Capability inclusive growth, the Ministry of Trade, Industry & We will make common efforts to strengthen the capability Energy, the Korea Offshore & Shipbuilders’ Association of shipbuilding & offshore plant equipment. For this, and the Korea Marine Equipment Association signed a shipyard companies and marine equipment companies will five-point convention for the creation of a Shipbuilding strive to adopt excellent marine equipment and enhance & Offshore Plant Cooperation Ecosystem, resolving as technological prowess, respectively. follows: 4. Fair Trade 1. Technical Cooperation We will make joint efforts for firm establishment of fair We will endeavor jointly for technical cooperation to trade. Shipyards will exert efforts so that their own establish a creative industrial ecoystem. Large management results can spread to cooperating firms shipyards, small & medium-sized shipyards and marine reasonably and, for this, also exert efforts so that various equipment enterprises will endeavor to exchange base kinds of transaction terms & conditions, including unit technologies, including energy-saving, eco-friendly and product price, cash payment and payment date, can be basic technologies. offered on a reasonable basis to cooperating firms.
2. Manpower Cultivation 5. Sharing of Cooperation Fruit Recognizing the importance of manpower to maintain We will endeavor together for fair dissemination of the global competitiveness, we will make joint efforts to benefits from large enterprise-SME inclusive growth to all nurture specialized manpower in respective fields, such cooperating firms and participate actively in the Industrial as engineering, design, function, etc. Innovation 3.0 Campaign in the shipbuilding & offshore plant field.
Offshore & Shipbuilding Korea 2014 _ 17 Review of 2013
Global Leadership World Capital for Shipbuilding & Offshore Industry
Korea, home to the world’s six largest shipbuilders, has maintained unparalleled leadership in the shipbuilding and
offshore industry, looking at the industry as a global value chain and the benefits of creative connectivity throughout
six continents and five oceans..
Expanding their business territory, a number of Korea’s billion, a figure that is much larger than HHIC’s major shipyards authored new successes at their Yeongdo Shipyard in Korea. HHIC-Phil., which overseas subsidiaries last year. launched construction of ships for the first time in April 2007, had delivered a cumulative total of 57 vessels - Daewoo-Mangalia Heavy Industries (DMHI), DSME’s 51 commercial ships and six offshore plants - as of subsidiary shipyard in Romania, secured orders for 18 November 2013. In its orderbook, the shipyard now ships and related products, worth a total of US$1.07 has 43 ships, an order volume that represents work billion, in 2013. This was the shipyard's largest-ever until 2016 without having to suspend operation at any order intake since it recorded US$1.67 billion in 2007, of its docks. the shipbuilding boom period. DMHI clinched orders for a total of three projects in the fourth quarter of 2013 Further evidencing the value of Korean shipbuilding alone. The 9,100 TEU-class containership order that the and offshore capacity, foreign companies are looking to shipyard won from a Greek shipping company at the locate related businesses in Korea. For instance, GE has end of 2013 is the largest scale to be built at shipyards established the headquarters of its shipbuilding and near the Black Sea and the Mediterranean Sea. offshore business in Korea.
With the GE investment decision, the domestic Hyundai-Vinashin Shipyard (HVS) is emerging as a shipbuilding industry also has gained momentum to strong contender in the product chemical (PC) tanker develop to the next stage. GE is not in a competitive market. HVS is set to deliver its first 50K-class PC relationship with Korea’s shipbuilders but supplies large (product chemical) tanker. After completion of the generation and electrical & electronic facilities that delivery by the subsidiary of Hyundai Mipo Dockyard today's ships and offshore platforms require. With GE's (HMD), the range of choices for shipowners will be complementary relationship with the Korean wider because HMD's verified eco-design also can be shipbuilding industry, the possibility that Korean realized at HVS. enterprises may close the gap with advanced countries in offshore plant and oil drilling fields, which they consider their new growth engines, and eventually lead HHIC-Phil’s Subic Shipyard (HHIC-Phil.) hit the jackpot the global market becomes larger. this year, clinching 37 contracts valued at about US$2.2
18 _ Offshore & Shipbuilding Korea 2014 Preview of 2014
Korean shipyards are poised to achieve another take-off this year, maximizing efforts to upgrade their blue-ocean competitiveness and foster next-generation growth engines. Preview of 2014
Overall Outlook for 2014 Double-Digit Growth in Orders & Exports in Sight
The Korean shipbuilding and offshore plant industry expects smooth sailing on its blue-ocean voyage this year,
projecting double-digit increases in both order receipts and exports. This rosy outlook is based on the strong
competitiveness of domestic shipyards in high-value, high tech vessel segments.
Amid expectations that merchant vessels, centering on LNG carriers, will drive the overall order market this year, the big 3 Korean shipbuilders are likely to engage aggressively in the order-receipt struggle in the commercial ship market, including eco-friendly large-size ships, as well as offshore plants.
Hyundai Heavy Industries (HHI) announced that it expects to receive orders worth US$25 billion in 2014 in the shipbuilding & offshore plant fields. This figure represents about a 5% increase from US$23.8 Korea’s Backlog by Ship Type billion targeted by the company last year. (Unit: 1,000 CGT)
Daewoo Shipbuilding & Marine Engineering (DSME) CONT 9,692 (30.0%) 9,680 (34.3%) and Samsung Heavy Industries (SHI) have reportedly TK 6,897 (21.4%) set their target order reception at around US$14~15 5,502 (19.5%) billion each, meaning a year-on-year increase of 6,680 (20.7%) LNGC 5,540 (19.6%) 10~12%. In 2013, SHI won US$13.3 billion in 1,985 (6.2%) BC orders after targeting US$13 billion. DSME also 2,047 (7.2%) received orders worth US$13.6 billion in 2013, 1,506b(4.7%) Drillship which exceeded its targeted order value. 1,958 (6.9%) FSRU 369 (1.1%) 246 (0.9%) The merchant vessel segment is forecast to post at 354 (1.1%) FPSO least some growth from a year earlier in terms of 354 (1.3%) order obtainment as the demand for high added- LNG FPSO 207 (0.6%) 221 (0.8%) 2013 2012 value ships is on the rise. Still, orders for LNG carriers and petroleum carriers are predicted to Notes: 1) Tankers include VLCC, Shuttle Tanker, COT, PC and CT. 2) Only hulls were calculated for Drillships and FPSOs. decrease slightly during the course of this year. Source: KOSHIPA
In the offshore plant segment, the demand for the particular, is behind the increased targets for order construction of production facilities such as Floating intake. According to Clarksons, the newbuilding Production Storage and Offloading (FPSO) and price index announced for the first time this year LNG-FPSO is likely to rise to some extent, but the reached 134. By ship type, the prices of bulk downward trend associated with rig ships and carriers, tankers and LPG carriers rose. Since posting drilling ships is likely to continue in 2014. 191.4 in August 2008, the index fell due to the global financial crisis but steadily surged starting in Continuously rising newbuilding prices, in June last year.
20 _ Offshore & Shipbuilding Korea 2014 Preview of 2014
Next-Gen Growth Engines Proving Excellence, Embracing Challenge
Displaying a deep reservoir of business inspiration and can-do spirit, Korean shipyards are exploring next-generation growth engines for sustainable profitability. There are a number of examples of Korea’s big three shipyards pursuing opportunities and challenges as ocean builders.
Hyundai Heavy Signs MOU for World's First Mobile Powership
Hyundai Heavy Industries (HHI) signed an MOU to build the world's first mobile powership integrating the LNG FSRU, the model first designed and built by Hyundai, with the top-of-the-line combined cycle unit with a capacity of 880 MW, which will give birth to an innovative naval architecture through combination of shipbuilding and plant engineering. It is expected that the mobile powership will commence operation in December 2017 with a total investment of US$940 million. Those companies with which HHI signed the MOU are Polaris Shipping Co., Ltd., Korea Midland Power Co., Ltd., and Siemens Energy Solutions Ltd.
Samsung Developiong Green Passenger Ships
Cruisers are like offshore hotels. Thus far, SHI has constructed three passenger ships weighing 28,000 tons for Minoan (Greece), and three 35,000-ton high-speed passenger ships for Norfolk (Netherlands). It also won an order from Stena (Sweden) for two 31,000-ton passenger ships. SHI is also leading green technology research by developing green passenger ships that reduce NOx and SOx emissions by more than 90%, in 2009, by using LNG as fuel for the first time in Korea.
Daewoo Estabilshes Special Ship Submarine Intelligence
Daewoo Shipbuilding and Marine Engineering (DSME), one of Korea's major shipbuilders for the defense industry, has set up a new research center under its strategy planning office to conduct studies on special vessels including warships and submarines. The new center, called 'Special Ship Submarine Intelligence,' will employ 50 researchers divided into four different groups.
Korea Builds 2nd Antarctic Research Base, Jang Bogo Station
Twenty-six years after its Sejong Station was built in 1988, Korea opened its second base, Jang Bogo Scientific Research Station, Antarctica, on February 12, 2014. With this, Korea has become the 10th country to have two or more scientific bases in Antarctica following the United States, Russia, China, the U.K., etc. The Jang Bogo Station plans to open its facilities to industries and spur research of the Antarctic continent and space as well as extreme environmental engineering and space research. The Korean initiative is expected to provide milestone opportunities for key industries, including offshore plants related to energy resource development and others.
Offshore & Shipbuilding Korea 2014 _ 21 Preview of 2014
Human Resource Development When Enough Is Not Enough
Believing that Korea’s rise to be the world’s leading shipbuilder has been thanks to the devotion of high-quality
workforce, Korean shipyards are going all out to maintain a never-drying pool of outstanding human resources,
responding to the era of hyper-connectivity in a creative economy.
Hyundai Heavy Industries (HHI), jointly with Hyundai this company is expanding its local employment scale Mipo Dockyard and Hyundai Samho Heavy Industries, every year. SHI boasts an excellent vocational training set up a design-specialized subsidiary company of the center at its Geoje Shipyard, which has been fostering HHI Group. highly capable manpower through a systematic training program and state-of-the-art facilities. Named ‘Hyundai E&T,’ the subsidiary was launched officially in early January this year. E&T stands for Engineering & Technology. Daewoo Shipbuilding & Marine Engineering (DSME) held the completion ceremony of an 'Education Course Hyundai E&T carries out design and inspection for the for Cultivation of Project Management (PM) Specialists' HHI Group’s three companies with a focus on mandated to the Graduate School of Engineering shipbuilding and ocean businesses, and will expand its Mastership of Pohang University of Science & business scope to HHI’s non-shipbuilding fields, Technology (POSTECH) on February 19, 2013, at including plants, electrical & electronics, and POSTECH's International Hall. construction equipment, on a gradual basis. The ceremony was attended by related officials, For this, HHI Group plans to increase the present 350- including the executive group of DSME and head of person-scale manpower of Hyundai E&T (formerly, POSTECH's Research and Development Foundation. Mipo Engineering) to 1,600 in the specialized design field and 400 in the inspection field by 2018 in order to KOSHIPA established four promotional strategies and 12 reinforce technological competitiveness. action tasks to ensure the smooth supply & demand of high quality technical manpower for offshore plant designs and also to induce countermeasures to resolve Samsung Heavy Industries (SHI) established a joint- any impending problem areas and respond to future venture engineering company in Houston, Texas, for issues. direct cultivation of related manpower. Furthermore,
Technical Manpower Supply & Demand Status & Countermeasures
Promotional Strategies Action Tasks Operation of Supply & Task 1. Development of Nation's Professional Capability in the Offshore Field Demand Projection System Task 2. Diagnosis of Technical Manpower Levels and Regular Survey of Manpower Supply & Demand Task 3. Investigation into the Industrial Community's Satisfaction Levels Regarding Collegiate Education Concentration on Resolution Task 4. Securing of More Global Excellent Talents of Short-Term Supply & Task 5. Expansion of Education for Job Holders and System Improvement Demand Task 6. Strengthened Support for Early Securing of High-Quality Welding Manpower Reinforcement of Core Task 7. Expansion of Specialization Programs at Renowned Domestic Universities & Graduate Schools Capabilities Task 8. Operation of Support Programs for Students Studying at Famous Overseas Universities Task 9. Implementation of Project-Based Basic Design S-OJT (Structured On-the-Job Training) Establishment of Task 10. Promoting Creation of Global Engineering Complex Support Infrastructures Task 11. Strengthening of Participation in Organizations Establishing International Regulations on Offshore Plants Task 12. Establishment & Operation of Offshore Plant HRD Platform
22 _ Offshore & Shipbuilding Korea 2014 Preview of 2014
Regional Cluster Network of Tech, Finance, Infrastructure
Based on the national consensus that the shipbuilding and offshore industry will continue to be a major engine for the Korean economy, regional governments are working to develop cluster complexes under a value network vision to attract related enterprises nationwide.
Busan city, supported by Ministry of Trade, Industry & and create a cultural space. Energy, will house the world-top-scale deep-sea offshore engineering base. Scheduled to be dedicated in 2015, The project would encompass construction of an ocean the 84-billion-won project is being participated by three ecoculture complex encompassing diverse educational major shipyards. Hyundai, Samsung, Daewoo and Korea facilities and ecoparks, including the Geoje Campus of Institute of Ocean Science & Technology. Korea Maritime & Ocean University, enterprise experience hall, and ocean leports facilities. The Busan Branch of Korea Industrial Complex Corp. (KICOX) held an inaugural general meeting of the ‘LNG Theme Cluster’ at the Nongshim Hotel in Busan on Gyeongnam Province decided to expand the Goseong December 28, 2013, and launched official business. Special Shipbuilding Industry District by 1,230,000m2 this year. According to Governor Hong, Gyeongnam Province plans to integrate 227,000m2 in the Naesan Geoje City plans to establish an Offshore Cluster and district and 1,003,000m2 in Jangjwa district into the form a national offshore plant industry complex. The Goseong Special Shipbuilding Industry District. If this is offshore cluster project would establish educational accomplished, the area of the special district would facilities for cultivation of talents and research facilities expand to a total of 3,880,000m2.
Offshore Plant-Related Firms & Infra by Region
Seoul Industries/Infrastructure by Region Engineering o Ulsan Offshore Plant Construction/OSV Daejeon (Offshore Support Vessel) Daedeok Innopolis o Busan Equipment & Materials/R&D Center/Manpower Cultivation
Ulsan o Gyeongnam HHI Group Obi General Ind. Complex Construction/Testing & Assessment/OSV Busan o Jeonnam Okpo Nat'l Ind. Complex OSV Gyeongnam Noksan Nat'l Ind. Complex STX Samsung o Daejeon Geoje R&D Special District/Water Tank Facilities Mokpo Gwangyang FEZ Daewoo o Seoul Engineering Galsaman Shipbuilding Daebul Nat'l Ind. Goseong Special Ind. Complex Complex Shipbuilding Ind. District
Offshore & Shipbuilding Korea 2014 _ 23 International Cooperation
The success legend of Korean shipbuilders is built on the global outreach of the shipbuilding industry, generating new insights and inspiration from the benefits of global cooperation, coordination and collaboration. International Cooperation
JECKU Top Executive Meeting
The 22nd JECKU Top Executive Meeting was held in definition of capacity Okinawa, Japan, on Nov. 14, 2013, and was attended among delegations, it is by top executives and representatives from major obvious that the market shipbuilding companies from member nations, has been in a state of over- including Korea, China, Japan, Europe & the United capacity for some years. In States. order to minimize the supply-demand imbalance, shipbuilders need to The Chairman's note said that the participants frankly create new demand through technical innovation and exchanged views on issues surrounding the to intensify diversification into new business fields such shipbuilding industry including the world economy as ocean development, offshore wind power and and energy, shipbuilding situations in respective engineering whilst absorbing the over-capacity. regions, supply and demand, shipbuilding market by ship types, shipbuilding costs as well as environmental Participants, as one of the stakeholders in the maritime regulations, which have increasingly become more industry, voiced the need to meet the challenges of stringent in recent years. the current trend to tighten regulations for environmental protection. "We will cooperate with the They noted that the world economy in the future is International Maritime Organization (IMO) and other projected to grow at a modest pace although regulatory bodies and will continue our constant currently there are a number of global economic efforts to build innovative and eco-friendly vessels. At uncertainties including energy issues and concerns on the same time, through the Committee for Expertise slowdown in certain emerging economies. Efficiency of Shipbuilding Specifics (CESS), a body under JECKU, gains and increasing environmental awareness will we will proactively present our common positions curb future energy demand in advanced countries. during the rule-making process, so that rules or regulations are well balanced while realistic and While there are differences in perception of the practical for shipbuilders," the Chairman's note said.
OECD WP6 Meeting
As a major player in the global shipbuilding & offshore system, embracing possible sector, Korea has actively participated in the OECD market distribution, etc. WP6 Meeting, the only international body that can Moreover, having received influence and guide government policies by questionaires concerning identifying, and where possible eliminating, factors Korean peer review in that distort the shipbuilding market. December in 2013, Korea will present a paper to the 119th meeting in November. Korea, which accounted for 33% of the global market volume in terms of CGT last year, has repeatedly Last year, in addition to the regular WP6 Meeting, emphasized the need for laying a solid foundation to Korea attended a workshop in November on 'Global boost fair trade, calling for China's participation. Change in Shipbuilding,' presenting a paper in Part 2B: 'Shipbuilding in Emerging Economies.' Participating This year, the 118th &119th OECD WP6 Meeting are OECD members are Australia, Canada, Denmark, scheduled to take place in June and November, Finland, Greece, Italy, Netherlands, Norway, Poland, respectively. At the 118th meeting, Korea plans to Portugal, Spain, Sweden and Turkey. Croatia and present a paper on a ship debenture guarantee Romania also are full participants in the Working Party.
Offshore & Shipbuilding Korea 2014 _ 25 International Cooperation
Posidonia & Norshipping
KOSHIPA organized and operated a Korea Pavilion at Norshipping 2013, which took place in Oslo, Norway, June 4-7.
The Korea Pavilion, occupying 245 square meters, displayed state-of-the-art shipbuilding mock-ups, attracting a lot of visitors. In particular, the pavilion was flanked by exhibitions of marine equipment, mostly manufactured by Korean small & medium-size enterprises. List of Korean Exhibitors in Norshipping 2013 KOSHIPA hosted a reception on Korea Day on June 6 Company Ship Type with the participation of more than 550 guests, Hyundai Heavy Industries Co., Ltd. Drillship (153 x 28 x 82) generating momentum for visitors to better Samsung Heavy Industries Co., Ltd. FLNG (200 x 43 x 73) Daewoo Shipbuilding & Marine understand the achievements, status and vision of the LNG-FRSU (220 x 55 x 62) Korean shipbuilding industry. Engineering Co., Ltd. Hyundai Samho Heavy Industries 162K LNG (210x 55 x 55) Co., Ltd. This year, KOSHIPA will again organize a Korea Hyundai Mipo Dockyard Co., Ltd. 52K LNG (150 x 43 x 73) Pavilion at Posidonia 2014, to be held June 2-6 in STX Offshore & Shipbuilding LNG FPSO (240 x 34 x 68) Athens, Greece. Six KOSHIPA member companies will Co., Ltd. participate in the exhibition, which attracted 1,870 Hanjin Heavy Industries & 83K LPGC (196 x 58 x 70) exhibitors and 1,850 buyers from 92 countries in Construction Co., Ltd. Dae Sun Shipbuilding & 2012 event. 51.2K MR Tanker (140 x 34 x 38) Engineering Co., Ltd.
The Korea Pavilion at Posidonia, scaled at 290m2, will which will provide a diversity of networking be neighbored by the Korea Marine Equipment opportunities and entertainment, including Korean Pavilion. A Korea Day reception is slated for June 3, traditional food, colorful events, souvenirs, etc.
SMM 2014
KOSHIPA will combine with its member companies to establish a Korea Pavilion at SMM 2014, the 26th Shipbuilding, Machinery & Marine Technology Exhibition, to be held September 9~12 in Hamburg, Germany.
With a total exhibition area of 211m2, the Korea Pavilion aims to display a high level of design and information, facilitating the successful presentation of equipment industries. Korean shipbuilders' innovation and forward-looking technologies. The Korea Pavilion will be joined by KOSHIPA expects that the event, with Korean marine equipment companies and related traditional food catering, etc., will provide organizations. Slated for September 10, the Korea momentum for broader communication among Day reception will invite international shipowners, participants, setting a course for better publicizing buyers, representatives of shipbuilding and marine Korea, Koreans and Koreanness.
26 _ Offshore & Shipbuilding Korea 2014 International Cooperation
Asian Shipbuilding Experts' Forum
The 7th ASEF took place Nov. 7-8, 2013, in Japan, with the participation of delegates from nine Asian countries -- Korea, China, Japan, Bangladesh, Indonesia, the Philippines, Sri Lanka, Thailand and Vietnam.
A platform for communication and opinion exchange for the Asian shipbuilding community, the annual forum was hosted by the Shipbuilder's Association of Japan (SAJ) and Japan Ship Technology Research Association (JSTRA) and co- sound growth of the shipbuilding & offshore industry. sponsored by Korea Offshore & Shipbuilding Association (KOSHIPA) and China Association of Asian shipyards now account for 90% of all newly- National Shipbuilding Industries (CANSI). built ships worldwide.
'Recent Developments in Maritime Rules and the The next ASEF meeting will take place in Jeju, Korea, Roles of ASEF' was the title of the keynote speech one of the world's most decorated natural heritage delivered by SAJ Director, Mitsui Engineering & sites. The Jeju meeting is expected to further Shipbuilding Co., Ltd. (MES). promote Asian shipbuilders' active role in identifying appropriate directions to reshape the global norm in Other themes of the plenary session included 'ACS pursuit of sustainable & inclusive growth of the Activities & Future Direction Related to IMO' and global marine economy. 'Recent Issues in International Shipping.'
There also were two sessions touching on safety and the environment, in particular, featuring papers presented by specialists from participating countries.
The purpose of ASEF is to engage Asian stakeholders in developing reasonable and acceptable regulations and standards based on shipbuilding technologies to establish truly effective maritime safety and environmental protection and to contribute to the
Offshore & Shipbuilding Korea 2014 _ 27 Nine Stars of Korean Shipbuilding Industry
HYUNDAI HEAVY INDUSTRIES CO., LTD.
SAMSUNG HEAVY INDUSTRIES CO., LTD.
DAEWOO SHIPBUILDING & MARINE ENGINEERING CO., LTD.
HYUNDAI SAMHO HEAVY INDUSTRIES CO., LTD.
HYUNDAI MIPO DOCKYARD CO., LTD.
STX OFFSHORE & SHIPBUILDING CO., LTD.
HANJIN HEAVY INDUSTRIES & CONSTRUCTION CO., LTD.
DAE SUN SHIPBUILDING & ENGINEERING CO., LTD.
SHINAsb YARD CO., LTD. HYUNDAI HEAVY INDUSTRIES CO., LTD.
New History in World Shipbuilding
As the world’s leading shipbuilder, Hyundai Heavy Industries (HHI) has an 11% share of the world shipbuilding market. The shipyard had its ground breaking in 1972 and has since then delivered around 1,827 ships aggregating some 173 million DWT to 286 ship owners in 48 countries. HHI prides itself on its sterling record of client satisfaction.
HHI’s shipbuilding facility is something that probably cannot be found anywhere else in the world. With a high level of automation and new production technologies ranging from welding robots and indoor production of 40-meter long blocks to the environmentally- controlled paint shop, HHI offers a number of advantages: greater productivity gains, reduced building times and, above all, superb ship quality.
HYUNDAI HEAVY INDUSTRIES CO., LTD (HHI)
Head office Shipsales & Marketing Team Address: 1000, Bangeojinsunhwando-ro, Dong- Address: 11th FL. Hyundai Bldg. 75, Yulgok-ro, gu, Ulsan, Korea 682-792 Jongno-gu, Seoul, Korea 110-920 Tel: (82-52)202-3001 Tel: (82-2)746-5610 Fax: (82-52)202-3487 Fax: (82-2)746-5609 Products Website: www.hhi.co.kr Website: www.hhi.co.kr
Containerships Facilities Tankers/Product Carriers Business Site Facility L x B x D (m) Maximum Ship Size (DWT) Shuttle Tankers Ulsan B.D No.1 390 x 80 x 12.7 700,000 Bulk Carriers Shipyard B.D No.2 500 x 80 x 12.7 700,000 LNG Carriers/FSRUs B.D No.3 672 x 92 x 13.4 1,000,000 LPG Carriers B.D No.4 380 x 65 x 12.7 400,000 Drillships/Drilling Rigs B.D No.5 380 x 65 x 12.0 400,000 Ropax B.D No.6 260 x 43 x 12.0 150,000 B.D No.7 170 x 25 x 11.0 15,000 Pure Car Carriers B.D No.8 460 x 70 x 12.7 500,000 OBO Carriers B.D No.9 460 x 70 x 12.7 500,000 Naval Ships Gunsan Shipyard B.D 700 x 115 x 18 1,300,000 Offshore Support Vessels
Offshore & Shipbuilding Korea 2014 _ 29 SAMSUNG HEAVY INDUSTRIES CO., LTD.
SHI, Leading the World of Shipbuilding with Innovation and Technology
Samsung Heavy Industries (SHI) is one of the largest shipyards in the world, boasting three dry docks and five floating docks, all supported by an integrated and automated production system that ensures defect-free production. Most notably, it has achieved unbeatable leadership in the high-tech, high-value shipbuilding sector by maintaining the world's No. 1 share in the drillship, ultra-large container ship, LNG carrier and FPSO markets.
Since its foundation in 1974, Samsung has attracted orders for 1,023 vessels and offshore facilities worldwide.
SHI's fabrication capacity is around 1.6 million tonnes, equivalent to about 70 conventional vessels and offshore facilities per year. There are 135 vessels and offshore facilities currently under construction at the shipyard. Products
SAMSUNG HEAVY INDUSTRIES CO., LTD. (SHI) Drillships FPSOs/FSOs/FSUs Address: 4, Seocho-daero 74-gil, Seocho-gu, Seoul, Korea 137-857 Industrial Vessels (FDS) Tel: (82-2) 3458-7312 Fax: (82-2) 3458-7319 WTIVs Website: www.shi.samsung.co.kr Semi-Submersible Rigs FPUs/TLPs Facilities Platforms LNG-FPSOs Business Site Facility L x B x D (m) Maximum Ship Size (DWT) LNG RV/FSRUs Geoje B.D No.1 283 x 46 x 11.0 150,000 Shipyard B.D No.2 390 x 65 x 11.0 400,000 LNGCs B.D No.3 640 x 97.5 x 12.7 1,000,000 Crude Oil Tankers F.D (G1) 270 x 52 x 15 150,000 Product Carriers F.D (G2) 400 x 55 x 15 400,000 Shuttle Tankers F.D (G3) 400 x 70 x 16 400,000 Chemical Tankers F.D (G4) 420 x 70 x 16 400,000 Containers Offshore Dock 162 x 150 105,000
30 _ Offshore & Shipbuilding Korea 2014 DAEWOO SHIPBUILDING & MARINE ENGINEERING CO., LTD.
DSME, Your True Ocean Partner
Headquarted in Seoul with a shipyard on Geoje Island, South Korea, and conducting business with major shipping and oil companies all over the world, DSME has been prospering as the world's premium specialized shipbuilding and offshore contractor. With over 30 years of experience in shipbuilding and offshore projects, DSME prides itself on being able to complete sophisticated products with a level of technical superiority second to none, with on-time delivery and an unparalleled dedication to customer satisfaction. The company is continuously shaping Korea's marine sector and strives to maintain its position as a model organization.
It is committed to the wellbeing of society as a whole by developing vessels with an earnest dedication to quality within a progressive and accountable working environment. DSME is Products also devoted to satisfying the needs of both employees and customers as a value-creating company that always seeks to serve its stakeholders through solid and transparent business management. FPSOs/FPUs Drillships Semi-Submersible Rigs DAEWOO SHIPBUILDING & MARINE ENGINEERING CO., LTD. (DSME) Fixed Platforms
Address: 125, Namdaemun-ro, Jung-gu, Seoul, Korea 100-180 LNG Carriers/LPG Carriers Tel: (82-2) 2129-0114 LNG RVs/FSRUs Fax: (82-2) 2129-0077~8 LNG FPSOs (FLNGs) Website: www.dsme.co.kr Containerships/PCTCs Ro-Paxs Facilities Crude Oil Tankers/ Product Carriers Business Site Facility L x B x D (m) Maximum Ship Size (DWT) Bulk Carriers Okpo Shipyard Dry Dock No. 1 529 x 131 x 14.5 1,000,000 TIVs (Turbine Installation Dry Dock No. 2 539 x 81 x 14.5 630,000 Vessels) RD 3 (Floating) 336 x 59.2 x 21 80,000 RD 4 (Floating) 408 x 66.6 x 23.5 120,000 Submarines RD 5 (Floating) 408 x 68.2 x 25.3 150,000 Destroyers/Battleships Heavy Zone 1 320x 80 Chemical Tankers/Shuttle Heavy Zone 2 313.5 x 205 Tankers
Offshore & Shipbuilding Korea 2014 _ 31 HYUNDAI SAMHO HEAVY INDUSTRIES CO., LTD.
Innovation to Shape the Future
Building on the legacy of Halla Shipyard established in 1992, Hyundai Samho Heavy Industries (HSHI) has achieved remarkable growth and accelerated its business with synergies in various spheres including technology, marketing, design and procurement through its integration with HHI group since 1999. Since changing its name to HSHI in 2003, the company has enhanced its position as a world-class shipbuilder with leading-edge technologies and the most up-to-date facilities.
With a relentless drive for creating long-term sustainable and quality growth, HSHI has continued to expand in scale and is poised to take a major step forward to high-tech ships such as LNG Carriers, Drillships, Semi Submersible Rigs, FPUs and FPSOs.
HSHI takes great pride in its reliable performance and competitive edge in terms of quality, price and service, which entrench customer loyalty and entice potential customers pursuing innovative insights and solutions that will enable them to meet their strategic needs today and tomorrow.
Products
Tankers HYUNDAI SAMHO HEAVY INDUSTRIES CO., LTD. (HSHI) VLCCs Product Carriers Address: 93, Daubul-ro, Samho-eup, Yeongam-gun, Jeollanam-do, Korea 526-701 Chemical Tankers Tel: (82-61)460-4110 Fax: (82-61)460-3762 Containerships Website: www.hshi.co.kr LNG Carriers LPG Carriers Ro-Ro Ships, PCTCs Facilities
FPSOs/FPUs Business Site Facility L x B x D (m) Maximum Ship Size (DWT) Drillships Samho B.D No.1 504 x 100 x 13 800,000 S/S Rigs Shipyard B.D No.2 594 x 104 x 13 1,000,000 Bulk Carriers B.B No. 1 492 x 65 500,000 Other Vessels F.D 335 x 70 x 24 80,000 Ton (Lifting Cap.)
32 _ Offshore & Shipbuilding Korea 2014 HYUNDAI MIPO DOCKYARD CO., LTD.
A Pioneer of Eco & Green Ships
Hyundai Mipo Dockyard Co., Ltd. (HMD), founded in 1975, has been acknowledged as one of the leading and most versatile shipbuilders in the sectors of medium-sized conventional and specialized vessels. HMD's Product and Chemical tankers are well known to ship-owners under the name 'Mipo Tanker'. They are available from Handy-size to Panamax. Its MR PC, Sub-Panamax Container Carrier, Container/Ro-Ro Carrier and Asphalt Carrier have been selected as World-Class Products. HMD's customer-oriented flexibility to meet the various requirements of buyers is another HMD advantage, which has led to its current unique position in the market.
HMD is at the forefront of developing the latest "Eco & Green" designs to satisfy increasing global demand. HMD's R&D team of experienced and innovative designers using a state-of- the-art engineering system is constantly searching to improve its portfolio of designs with the Products latest generation of engines, optimized hull forms and energy-saving technologies. Never resting on its past accomplishments, HMD will always move forward to share its vision of a bright future with customers. Product / Chemical Tankers Containerships HYUNDAI MIPO DOCKYARD CO., LTD. (HMD) Bulk Carriers LPG Carriers Address: 100, Bangeojinsunhwando-ro, Dong-gu, Ulsan, Korea, 682-712 LEG Carriers Tel: (82-52)250-3031~3040 Fax: (82-52)250-3056 Con/Ro-Ro Carriers E-mail: [email protected] Pure Car & Truck Carriers Website: www.hmd.co.kr General Cargo Carriers Drillships Facilities FPSOs Cable Layers Business Site Facility L x B x D (m) Maximum Ship Size (DWT) Pipe Layers Ulsan B.D NO.1 380 x 65 x 12.5 400,000 Shipyard B.D NO.2 380 x 65 x 12.5 400,000 Offshore and Offshore B.D NO.3 380 x 65 x 12.5 400,000 Support Vessels B.D NO.4 300 x 76 x 12.5 350,000 Car Ferry & Passenger Ships Vietnam B.D NO.1 260 x 45 x 13.0 80,000 Multipurpose Cargo Carriers Shipyard (HVS) B.D NO.2 380 x 65 x 13.0 400,000 Specialized Vessels HVS: Hyundai-Vinashin Shipyard Co., Ltd.
Offshore & Shipbuilding Korea 2014 _ 33 STX OFFSHORE & SHIPBUILDING CO., LTD.
Leading the Shipbuilding Industry with Eco- Friendly, High Value-Added Ships
STX Offshore & Shipbuilding, which has constructed about 800 vessels over the past 50 years, is a reputable shipping company that has contributed to the development of the shipbuilding industry in Korea and earned confidence from its clients worldwide. STX Offshore & Shipbuilding has set many records in terms of both dock and on-ground shipbuilding turnover. This includes maximizing spatial efficiency by applying the SLS (Skid Launching System), launching 28 ships at a single dock in a year, and shortening the shipbuilding period by launching 3 ships simultaneously. Utilizing the ROSE (Rendezvous On the Sea for Erection) method that installs mega blocks using module transporters, STX Offshore & Shipbuilding shortened the erection period from 90 days to 40 days. Furthermore, STX Offshore & Shipbuilding developed an eco-friendly, advanced technology, “GD ECO-Ship,” which reduces carbon dioxide emission by 45% and increases fuel efficiency by 40%.
Based on the aforementioned technology, STX Offshore & Shipbuilding is able to build numerous types of vessels by operating three production bases in Korea. Jinhae shipyard is developing into a production base specializing in building medium-size vessels with unrivaled production efficiency, while its Busan shipyard accommodates small tankers and 9,000CBM ethylene carriers, and Goseong shipyard is developed as a production base for ultra-large vessels, including 170,000CBM LNG carriers and 16,000TEU Container ships.
STX OFFSHORE & SHIPBUILDING CO., LTD. (STX OS)
Address: 60, Myeongje-ro, Jinhae-gu, Changwon-si, Gyeongsangnam-do, Korea 645-703 Tel: (82-55)548-1122 Products Fax: (82-55)546-7928 Website: www.stxons.com
Tankers Facilities Product Carriers Chemical Tankers Business Site Facilities L X B (m) Maximum Ship Size (DWT) Jinhae Shipyard B.D No.1 385 x 74 400,000 LNG Carriers B.B No.1 360 x 48 80,000 LPG Carriers B.B No.2 360 x 48 80,000 Container Ships F.D No.1 382 x 66 200,000 Bulk Carriers Busan Shipyard B.B No.1 120 x 20 12,800 Floating Storage & B.B No.2 120 x 20 12,800 Production Goseong Shipyard F.D No.2 430 x 84 170,000 Naval Ships
34 _ Offshore & Shipbuilding Korea 2014 HANJIN HEAVY INDUSTRIES & CONSTRUCTION CO., LTD.
Always Moving Forward
Established in 1937 as the first modern shipyard in Korean shipbuilding history, Hanjin Heavy Industries & Construction Co., Ltd. (HHIC) has played a leading role in the nation's shipbuilding industry, delivering various kinds of vessels for the first time in Korea: membrane type LNG carriers, cable-laying ships, ice breaking research vessel ,etc.
Now preparing for a new era of eco-friendly business, the company continues on the road of enhancing technology and developing new shipbuilding techniques. Harnessing well- accumulated knowhow and craftsmanship, HHIC will continue to meet customers' needs with high value-added vessels amid growing global demand for a safe and clean environment.
HANJIN HEAVY INDUSTRIES & CONSTRUCTION CO., LTD. (HHIC)
Head office Seoul Office (Shipsale & Marketing Team) Address: 29, 5-ga, Bongnae-dong, Yeongdo- Address: 103-17, Garwol-dong, Yongsan-gu, Products gu, Busan, Korea 606-796 Seoul, Korea 140-807 Tel: (82-51)410-3246 Tel: (82-2)450-8092/8094/8840 Container Carriers Fax: (82-51)410-8465 Fax: (82-2)450-8116 Website: www.hanjinsc.com Website: www.hanjinsc.com Product/Chemical/Crude Oil Tankers Facilities LNG/LPG Carriers Cable Ships Business Site Facility L x B x D (m) Maximum Ship Size (DWT) Supply Boats Yeongdo B.D No.2 232.5 x 35 x 9.0 60,000 Semi-Submersible Drilling Shipyard B.D No.3 301.8 x 50 x 11.5 150,000 Rigs B.D No.4 301.8 x 50 x 11.5 150,000 B.B No.1 170 x 24 25,000 Dredgers B.B No.2 115.1 x 12.8 6,000 Naval Ships Subic B.D No.5 370 x 100 x 12.5 220,000 Special Purpose Ships Shipyard B.D No.6 550 x 135 x 13.5 450,000 Bulk Carriers
Offshore & Shipbuilding Korea 2014 _ 35 DAE SUN SHIPBUILDING & ENGINEERING CO., LTD.
Creative and Inspiring Legendary Shipyard in Korea
Established in 1945, Dae Sun Shipbuilding & Engineering Co., Ltd. has been a significant part of Korean shipbuilding history for over half a century, with continuous development over the years that has been quite phenomenal.
Situated in the center of the port of Busan, which provides optimum geographical advantages, DaeSun has only looked forward by building more than 500 various types of vessels since its foundation.
Today, in the 21st century, Dae Sun looks to open and write a new chapter in its well- founded history for the next 100 years.
Based on accumulated experience and diversified technology acquired over the past 69 years, Dae Sun is uniquely positioned to satisfy the needs and requirements of its present and future clients.
DAE SUN SHIPBUILDING & ENGINEERING CO., LTD.
Address: (Bongnae-dong 4-ga), 254, Bongnaenaru-ro, Yeongdo-gu, Busan, Korea 606-810 Tel : (82-51)419-5090/5092 Fax : (82-51)416-7965 Products E-mail: [email protected] Website: www.daesunship.co.kr Container Carriers Bulk Carriers Facilities Tankers Business Site Facility L x B x D (m) Maximum Ship Size (DWT) MPC Busan No.1 Shipyard F.D 191 x 35 x 15 62,000 Gas Carriers B.B 122 x 25 20,000 RO/RO Ships Busan No.2 Shipyard B.B 173 x 40 38,000 Special Purpose Ships Busan No.3 Shipyard B.B 225 x 40 85,000 Offshore Support Vessels B.B 225 x 40 85,000
36 _ Offshore & Shipbuilding Korea 2014 SHINAsb YARD CO., LTD.
The True Expert in Medium-size Vessels
ShinaSB Yard Co., Ltd. is well known as one of the market leading shipyards with more than 65 years of shipbuilding history and cutting-edge engineering.
Based on proven performance and accumulated shipbuilding know-how, it broadened business areas into the MR size product/chemical tanker market in early 2000 and successfully delivered more than 120 MR tankers since then. Its customer-oriented strategy enables it to offer customers a wide range of products in the fields of medium-range (from 40K DWT to 52K DWT) product/chemical tankers.
As a specialist in medium-range commercial vessels, ShinaSB thrives on technological development, especially eco-friendly designs, in order to provide customers with the best solutions in the market.
Products
ShinaSB Yard Co., Ltd. 44,000DWT IMO Chemical Tankers Address: 195, Donam-ro, Tongyeong-si, Gyeongsangnam-do, Korea 650-150 45,000DWT IMO Tel: (82-55)640-3350 Fax: (82-55)649-2114 Chemical Tankers E-mail: [email protected] 51,000DWT IMO Website: www.shinasb.co.kr Product / Chemical Tankers 41,000DWT IMO Product / Chemical Tankers Facilities 40,000DWT IMO
Business Site Facility L x B (m) Annual Building Capacity Product / Chemical Tankers Tongyeong B.B. No. 1 190 x 37 MR Tanker x 5 ships 49,700DWT Product Shipyard B.B. No. 2 180 x 35 MR Tanker x 5 ships Tankers B.B. No. 3 240 x 50 MR Tanker x 5 ships 58,000DWT Supramax F.D. 195 x 37 MR Tanker x 5 ships Bulk Carriers
Offshore & Shipbuilding Korea 2014 _ 37 Major Products
Korean Technology in this field now leads the world and its shipbuilders' Tankers price competitiveness is widely understood as a strength.
A 318,000 DWT VLCC for Brightoil built by Hyundai Heavy Industries Co., Ltd.
A 25,000 DWT Product & Chemical Tanker for Eitzen Chemical Pte. Ltd. built by Dae Sun Shipbuilding & Engineering Co., Ltd.
A 51,000 DWT Product & Chemical Tanker Ice Class 1B for Gestioni Armatoriali S.p.A. built by ShinaSB Yard Co., Ltd.
A 115,000 DWT Crude Oil Tanker built by Hanjin Heavy Industries & Construction Co., Ltd.
A 318,000 DWT VLCC for SAMCO built by Hyundai Samho Heavy Industries Co., Ltd.
38 _ Offshore & Shipbuilding Korea 2014 Tankers
A 49,700 DWT Product Oil Tanker for Ocean Tankers Pte Ltd. built by ShinaSB Yard Co., Ltd.
A 46,000 DWT Product Oil/Chemical Tanker for STX PanOcean built by STX Offshore & Shipbuilding Co., Ltd.
A 320,000 DWT Tanker for AET built by Daewoo Shipbuilding & Marine Engineering Co., Ltd.
A 105,000 DWT Crude Oil Tanker for Novoship built by Hyundai Heavy Industries Co. Ltd.
A 12,000 DWT Product & Chemical Tanker Ice Class 1A for Rigel Reederei GMBH built by Dae Sun Shipbuilding & Engineering Co., Ltd. "
A 115,000 DWT Crude Oil Tanker for Aktif built by STX Offshore & Shipbuilding Co., Ltd.
Offshore & Shipbuilding Korea 2014 _ 39 Major Products
A 50,000 DWT Product/ Chemical Tanker for Scorpio Tankers Inc. built by Hyundai Mipo Dockyard Co., Ltd.
A 160,000 DWT Crude Oil Tanker for Tanker Pacific built by Hanjin Heavy Industries & Construction Co., Ltd.
A 120,000 DWT Product Carrier for K. G. JEBSEN built by Hyundai Samho Heavy Industries Co., Ltd.
A 75,000 DWT Product Carrier for GEM built by Hyundai Mipo Dockyard Co., Ltd.
A 37,000 DWT Product/ Chemical Tanker for Interorient Navigation built by Hyundai Mipo Dockyard Co., Ltd.
A 158,000 DWT Crude Oil Tanker for Stena Bulk AB built by Samsung Heavy Industries Co., Ltd.
A 115,000 DWT Crude Oil Tanker for Unisea Shipping B.V. built by Samsung Heavy Industries Co., Ltd.
40 _ Offshore & Shipbuilding Korea 2014 Tankers
A 37,000 DWT Product Chemical Tanker for Unicorn Tankers (International) Ltd. built by ShinaSB Yard Co., Ltd.
A 52,000 DWT Product/Chemical Tanker for Chios Navigation (Hellas) Ltd. built by Hyundai Mipo Dockyard Co., Ltd.
A 75,000 DWT Chemical Tanker for NCC Co. Ltd. built by Daewoo Shipbuilding & Marine Engineering Co., Ltd.
A 50,000DWT Product/Chemical Tanker for NAVIOS MARITIME HOLDINGS INC. built by Dae Sun Shipbuilding & Engineering Co., Ltd.
A 319,000 DWT Tanker for Almi built by Daewoo Shipbuilding & Marine Engineering Co., Ltd.
A 40,000 DWT Product & Chemical Tanker for Morfini S.p.A. built by ShinaSB Yard Co., Ltd.
Offshore & Shipbuilding Korea 2014 _ 41 Major Products
With global trade on the rebound, Korean-built containerships will be the Containerships mainstay of fleets around the world.
A 13,800 TEU Container Carrier for MSC built by Samsung Heavy Industries Co., Ltd.
A 1,043 TEU Containership for JOSCO Star Shipping Co., Ltd. built by Dae Sun Shipbuilding & Engineering Co., Ltd.
A 13,800 TEU Containership for Enesel S.A. built by Hyundai Heavy Industries Co., Ltd.
A 13,900 TEU Containership for NOL built by Hyundai Samho Heavy Industries Co., Ltd.
42 _ Offshore & Shipbuilding Korea 2014 Containerships
A 9,200 TEU Containership for A.P. Moller built by Samsung Heavy Industries Co., Ltd.
A 9,500 TEU Containership for Costamare built by Hyundai Heavy Industries Co., Ltd.
A 2,824 TEU Containership for Christian F. Ahrenkiel GmbH & Co. built by Hyundai Mipo Dockyard Co., Ltd.
A 14,100TEU Container Carrier for CSCL built by Samsung Heavy Industries Co., Ltd.
A 4,300 TEU Containership built by Hanjin Heavy Industries & Construction Philippines Inc.
Offshore & Shipbuilding Korea 2014 _ 43 Major Products
A 4,300 TEU Containership for E.R. Schiffahrt built by Hyundai Mipo Dockyard Co., Ltd.
A 13,000 TEU Containership for Niki Shipping built by STX Offshore & Shipbuilding Co., Ltd.
A 13,200TEU Container Carrier for OOCL built by Samsung Heavy Industries Co., Ltd.
A 8,000TEU Container Carrier for Evergreen built by Samsung Heavy Industries Co., Ltd.
A 18,270 TEU Containership for Maersk Line built by Daewoo Shipbuilding & Marine Engineering Co., Ltd.
44 _ Offshore & Shipbuilding Korea 2014 Gas Carriers
Addressing energy concerns for a sustainable future, Korean-made gas carriers are Gas Carriers the workhorses that fuel global economies.
A 173,400 m3 LNG Carrier for Excelarate Energy built by Daewoo Shipbuilding & Marine Engineering Co., Ltd.
A 174,000m3 LNG Carrier for Elcano built by STX Offshore & Shipbuilding Co., Ltd.
A 84,000m3 LPG Carrier for Solvang built by Hyundai Heavy Industries Co., Ltd.
A 20,600m3 LPG Carrier for ZODIAC buillt by Hyundai Mipo Dockyard Co., Ltd.
A 35,000m3 LPG Carrier for ELETSON built by Hyndai Mipo Dockyard Co., Ltd.
Offshore & Shipbuilding Korea 2014 _ 45 Major Products
A 177,000m3 LNG Carrier for MOL built by Hyundai Samho Heavy Industries Co., Ltd.
A 145,000m3 LNG-RV for Lief Hoegh built by Samsung Heavy Industries Co., Ltd.
A 216,000m3 LNG Carrier for OSG Inc. built by Hyundai Heavy Industries Co., Ltd.
A 153,000m3 LNG Carrier built by Hanjin Heavy Industries & Construction Co., Ltd.
A 170,600m3 LNG Carriers for BG Group built by Samsung Heavy Industries Co., Ltd.
46 _ Offshore & Shipbuilding Korea 2014 Bulk Carriers & Special Purpose Vessels
Bulk Carriers & Special Clients prefer Korean shipyards for quality, price and Purpose Vessels after-service.
A 34,000 DWT Bulk Carrier for Leros Management S.A.built by Dae Sun Shipbuilding & Engineering Co., Ltd.
A 400,000 DWT Bulker for Vale Shipping Holding PTE. LTD built by Daewoo Shipbuilding & Marine Engineering Co., Ltd.
A 34,000DWT Bulk Carrier for Ionic Holdings Inc. built by Dae Sun Shipbuilding & Engineering Co., Ltd.
A 45,200 Unit PCTC for Messina built by Daewoo Shipbuilding & Marine Engineering Co., Ltd.
Offshore & Shipbuilding Korea 2014 _ 47 Major Products
A 6,700 Unit PCTC for Ray Shipping Ltd. built by Hyundai Mipo Dockyard Co., Ltd.
A Low and Intermediate Level Radioactive Waste Transport Ship for Hanjin Transportation Co., Ltd. built by Dae Sun Shipbuilding & Engineering Co., Ltd.
A 181,000 DWT Bulk Carrier for Densa built by STX Offshore & Shipbuilding Co., Ltd.
A 250,000 DWT VLOC for SK Shipping built by Hyundai Samho Heavy Industries Co., Ltd.
48 _ Offshore & Shipbuilding Korea 2014 Bulk Carriers & Special Purpose Vessels
An Ice-Breaking Research Vessel for the Korea Polar Research Institute built by Hanjin Heavy Industries & Construction Co., Ltd
A Multipurpose Hospital Ship for the Indonesian Navy built by Dae Sun Shipbuilding & Engineering Co., Ltd.
A 24.4K Con-Ro for Grimaldi Lines built by Hyundai Mipo Dockyard Co., Ltd.
A Wind-Turbine Installation Vessel for Swire Pacific Offshore built by Samsung Heavy Industries Co., Ltd.
Offshore & Shipbuilding Korea 2014 _ 49 Major Products
A 50,000 DWT General Cargo Carrier for Grieg Shipping built by HyundaiMipo Dockyard Co., Ltd.
A 17,000 DWT Multi Purpose Vessel for SCMT built by Dae Sun Shipbuilding & Engineering Co., Ltd.
A 180,000 DWT Bulk Carrier for Glovis built by Hyundai Heavy Industries Co. Ltd.
50 _ Offshore & Shipbuilding Korea 2014 Offshore Uni
The range of facilities and conveniences offered by Korean shipbuilders is Offshore Units unmatched anywhere else.
A Drillship for Transocean built by Daewoo Shipbuilding & Marine Engineering Co., Ltd.
Clov FPSO for Total E&P Angola built by Daewoo Shipbuilding & Marine Engineering Co., Ltd.
A 96,000 Displacement Tonnage Deep-sea Drillships for Seadrill built by Samsung Heavy Industries Co., LTD.
Ultra-Deepwater Drillship for Transocean built by Hyundai Heavy Industries Co., Ltd.
Offshore & Shipbuilding Korea 2014 _ 51 Major Products
A Drillship for Atwood built by Daewoo Shipbuilding & Marine Engineering CO., Ltd.
A Semi-Submersible Rig for Grupo R built by Daewoo Shipbuilding & Marine Engineering Co., Ltd.
H. A Semi-Submersible Rig for Petroserv built by Daewoo Shipbuilding & Marine Engineering Co., Ltd.
An Offshore Platform Lun-A for Sakhalin Energy Investment Co., Ltd. built by Samsung Heavy Industries Co., Ltd.
A Platform Supply Vessel for BP built by Hyundai Mipo Dockyard Co., Ltd.
52 _ Offshore & Shipbuilding Korea 2014 Offshore Uni
A 450K LNG-FPSO for Royal Dutch Shell built by Samsung Heavy Industries Co., Ltd.
A West Phoenix Semi-Submersible Drilling Rig for North Atlantic Drilling Ltd. built by Samsung Heavy Industries Co., Ltd.
A 170,000m3 LNG FSRU for Hegh LNG built by Hyundai Heavy Industries Co., Ltd.
A Semi-Submersible FPU for INPEX Ichthys built by Samsung Heavy Industries Co., Ltd.
A 97,000 DWT Displacement Deep-sea Drillship for STENA built by Samsung Heavy Industries Co., Ltd.
Offshore & Shipbuilding Korea 2014 _ 53 Introduction to KOSHIPA
Korea Offshore & Shipbuilding Association (KOSHIPA) was established as a non-profit organization on July 19, 1977, at a time when the Korean shipbuilding industry had just made inroads into the world shipbuilding market. Nine shipbuilding companies, capable of building ships of 5,000 GT and over, are currently members of KOSHIPA.
KOSHIPA works to enhance cooperation among its member companies and to promote their common interests.
54 _ Offshore & Shipbuilding Korea 2014 The principal activities of KOSHIPA are: - promote member companies' common interests and organize various offshore & shipbuilding-related sub-committees - conduct research for the offshore & shipbuilding industry, carry out shipbuilding studies, and publish various reports - organize member companies' mutual cooperation for upgrading offshore & shipbuilding technology and productivity - conduct human resource development activities and programs such as training & education, development of job skills - promote international cooperation for the sound development of the world offshore & shipbuilding industry.
Organization Chart of KOSHIPA Secretariat
Executive Vice Chairman
Executive Member
General Affairs & Policy & Planning Human Resources Technology Support Team Public Relations Team Team Development Team
General affairs and Collection/analysis of Supply & demand Activities to protect domestic shipbuilding management shipbuilding and survey & support of technologies shipping market data Business plan & budget shipbuilding and Marine equipment and offshore related and information Publicity activities offshore industry business Projection of toward media shipbuilding supply & manpower resources Support for large enterprise-SME shared Employee education & demand Cooperation with growth related business welfare-related task Steel-related responses related educational Shipbuilding-IT convergence related (analysis of supply & Maintenance of ISO institutions including businesses demand, response to 9001 (quality steel prices, etc.) colleges and universities Survey & analysis of the latest shipbuilding management system) Preparation of policy National manpower & offshore related technology trends Domestic & overseas recommendations resources development Survey of shipbuilding industry's R&D exhibitions including consortium business manpower & investment competitiveness Industrial safety & Operation of Shipbuilding design guides & working reinforcement health measures manpower resources standards Response to development council Support for patent management international Proactive-response R&D businesses to accounting standards international regulations and trade conflicts Activities associated with shipbuilding & Multilateral cooperation: OECD offshore-related international WP6, FTA, JECKU, etc. organizations; IMO, IACS, ICS, OCIMF, etc. Organization of international shipbuilding- related meetings; CESS, ASEF, Tripartite Meeting, etc.
Offshore & Shipbuilding Korea 2014 _ 55 Scoreboard: Korean and World Shipbuilding
Korean Shipbuilding Performance
New Orders
Domestic Export Total Year No Thou. CGT No Thou. CGT No Thou. CGT 2002 - - 230 7,591 230 7,591 2003 5 49 465 16,700 470 16,749 2004 - - 441 16,307 441 16,307 2005 - - 349 11,965 349 11,965 2006 - - 498 16,270 498 16,270 2007 3 26 704 23,617 707 23,643 2008 14 282 453 13,740 467 14,022 2009 2 35 47 1,379 49 1,414 2010 14 291 306 7,866 320 8,157 2011 30 763 236 10,867 266 11,631 2012 38 757 176 6,415 214 7,172 2013 30 819 377 12,874 407 13,693
Completions
Domestic Export Total Year No Thou. CGT No Thou. CGT No Thou. CGT 2002 1 18 209 6,806 210 6,824 2003 - - 223 7,265 223 7,265 2004 1 11 259 8,716 260 8,727 2005 4 38 281 10,171 285 10,209 2006 1 9 314 9,538 315 9,547 2007 - - 340 10,294 340 10,294 2008 8 305 368 12,160 376 12,466 2009 8 158 382 12,103 390 12,261 2010 15 468 361 12,231 376 12,699 2011 20 591 406 12,968 426 13,559 2012 13 295 363 11,429 376 11,724 2013 19 496 282 9,541 301 10,037
Order Books
Domestic Export Total Year No Thou. CGT No Thou. CGT No Thou. CGT 2002 - - 496 17,074 496 17,074 2003 5 49 733 26,360 738 26,409 2004 4 38 914 33,923 918 33,962 2005 - - 980 35,640 980 35,640 2006 - - 1,164 45,256 1,164 45,256 2007 3 20 1,521 51,132 1,524 51,152 2008 17 293 1,673 54,090 1,690 54,384 2009 16 289 1,336 43,232 1,352 43,521 2010 71 2,141 1,048 32,416 1,119 34,557 2011 63 1,769 878 31,547 941 33,316 2012 81 1,711 674 25,057 755 26,768 2013 87 2,255 790 30,020 877 32,275
Source: Korea Offshore & Shipbuilding Association
56 _ Offshore & Shipbuilding Korea 2014 New Orders
Korea Japan Cesa China Others World Year Thou. CGT % Thou. CGT % Thou. CGT % Thou. CGT % Thou. CGT % Thou. CGT % 2002 5,611 29.6 6,999 37.0 1,744 9.2 2,112 11.2 2,465 13.0 18,931 100 2003 18,810 42.9 12,335 28.1 3,875 8.8 6,107 13.9 2,701 6.2 43,828 100 2004 15,732 33.2 14,280 30.2 7,041 14.9 6,765 14.3 3,541 7.5 47,359 100 2005 13,571 32.4 9,446 22.6 7,403 17.7 6,606 15.8 4,847 11.6 41,873 100 2006 22,010 36.0 11,865 19.4 6,366 10.4 15,805 25.9 5,045 8.3 61,091 100 2007 32,861 37.6 10,017 11.5 5,802 6.6 31,382 36.0 7,226 8.3 87,288 100 2008 15,833 38.3 6,525 15.8 2,109 5.1 13,148 31.8 3,771 9.1 41,386 100 2009 3,443 20.8 3,895 23.5 406 2.4 6,987 42.1 1,849 11.2 16,580 100 2010 11,172 28.9 5,373 13.9 2,226 5.7 16,083 41.6 3,771 9.9 38,625 100 2011 13,550 43.9 4,073 13.2 1,618 5.2 8,224 26.7 3,382 11.0 30,846 100 2012 6,823 27.9 4,318 17.7 1,385 5.7 8,110 33.2 3,785 15.5 24,421 100 2013 15,533 30.8 6,941 13.8 1,670 3.3 17,671 35.0 8,638 17.1 50,453 100
Completions
Korea Japan Cesa China Others World Year Thou. CGT % Thou. CGT % Thou. CGT % Thou. CGT % Thou. CGT % Thou. CGT % 2002 6,688 31.3 6,656 31.1 4,610 21.6 1,572 7.3 1,866 8.7 21,392 100 2003 7,175 32.0 6,809 30.3 4,022 17.9 2,569 11.4 1,879 8.4 22,454 100 2004 8,319 33.6 7,971 32.2 4,235 17.1 3,090 12.5 1,159 4.7 24,774 100 2005 10,093 34.8 8,511 29.4 3,826 13.2 4,237 14.6 2,299 7.9 28,967 100 2006 11,940 35.0 9,458 27.8 4,859 14.3 5,274 15.5 2,535 7.4 34,066 100 2007 11,277 32.5 8,913 25.7 4,800 13.8 6,795 19.6 2,885 8.3 34,670 100 2008 14,509 35.4 9,759 23.8 4,835 11.8 9,065 22.1 2,851 6.9 41,019 100 2009 14,466 33.1 9,608 22.0 3,535 8.1 12,387 28.4 3,696 8.5 43,692 100 2010 14,906 28.8 9,820 19.0 4,588 8.8 18,800 36.3 3,550 6.8 51,664 100 2011 15,797 30.9 9,160 17.9 2,167 4.2 19,198 37.6 4,723 9.3 51,044 100 2012 13,391 27.9 8,350 17.4 1,800 3.8 19,331 40.3 5,046 10.6 47,918 100 2013 11,395 29.7 6,828 17.8 1,150 3.0 11,784 30.7 7,192 18.8 38.349 100
Order Books
Korea Japan Cesa China Others World Year Thou. CGT % Thou. CGT % Thou. CGT % Thou. CGT % Thou. CGT % Thou. CGT % 2002 15,098 30.7 13,620 27.7 8,705 17.7 6,064 12.3 5,672 11.6 49,159 100 2003 26,623 37.7 19,255 27.3 8,613 12.2 9,543 13.5 6,521 9.2 70,555 100 2004 33,968 37.3 25,683 28.2 12,302 13.5 13,483 14.8 5,642 6.2 91,077 100 2005 37,595 35.6 27,952 26.2 15,924 15.1 16,643 15.8 7,522 7.1 105,635 100 2006 47,994 35.2 30,676 22.5 18,129 13.3 28,645 21.0 10,795 7.9 136,238 100 2007 64,575 35.6 31,355 17.3 16,753 9.2 53,101 29.3 15,664 8.6 181,449 100 2008 64,357 33.8 30,649 16.1 13,743 7.2 62,001 32.6 19,516 10.2 190,266 100 2009 47,576 31.3 24,460 16.0 8,480 5.6 54,357 35.8 17,079 11.2 151,952 100 2010 39,145 30.5 19,835 15.4 5,634 4.4 48,922 38.2 14,477 11.3 128,013 100 2011 33,066 29.7 15,829 14.2 4,050 3.6 38,872 34.9 19,625 17.6 111,442 100 2012 24,164 27.3 12,223 13.8 3,401 3.8 29,361 33.1 19,525 22.0 88,674 100 2013 27,883 27.9 13,337 13.4 5,015 5.0 33,427 33.5 20,105 20.2 99,767 100
Source: IHS Fairplay
Offshore & Shipbuilding Korea 2014 _ 57 Korean Shipyard Location Map
Ulsan Hyundai Heavy Industries Geoje Samsung Heavy Industries Geoje Daewoo Shipbuilding & Marine Engineering
Mokpo Hyundai Samho Heavy Industries Ulsan Hyundai Mipo Dockyard
Jinhae STX Offshore & Shipbuilding Dokdo Seoul Busan Hanjin Heavy Industries & Construction
Busan Dae Sun Shipbuilding & Engineering
Tongyeong ShinaSB Yard Ulsan Geoje Busan Mokpo Jinhae Tongyeong Related Organizations
Korea Institute of Ocean Science & Technology Korea Shipbuilding Industry Cooperative
787 Haean-ro(st), Sangok-gu, Ansan-si, Gyeonggi-do, Korea 103, Hyoryeong-ro(st), Seocho-gu, Seoul, Korea Tel: 82-31-400-6000 Tel: 82-2-587-3121 Fax: 82-31-408-5820 Fax: 82-2-588-3671 http://www.kiost.ac Members: 78 http://www.kosic.or.kr
Korean Register of Shipping Korea Marine Equipment Association
36, Myeongi ocean city 9-ro, Gangseo, Busan, Korea 33, Gukhoe-daero 76-gil, Yeongdeungpo-gu, Seoul, Korea Tel: 82-1566-1682 Tel: 82-2-783-6952/4 Fax: 82-70-8799-8799 / 82-070-8799-8999 Fax: 82-2-785-7647 http://www.krs.co.kr http://www.komea.kr E-mail: [email protected]
The Society of Naval Architects of Korea Korea Maritime Institute
Rm 508, Science and Technology Building, 22, Teheran-ro 7-gil, KBS Media Bldg, 45, Maebongsan-ro, Mapo-gu, Seoul, Korea Gangnam-gu, Seoul, Korea Tel: 82-2- 2105-2700 Tel: 82-2-3452-2370~1 Fax: 82-2- 2105-2800 Fax: 82-2-554-1006 http://www.kmi.re.kr http://www.snak.or.kr E-mail: [email protected]
The Korea Shipowners’ Association
17, Kukhoedaero 68-gil, Yeongdeungpo-gu, Seoul, Korea Tel: 82-2-739-1551~7 Fax: 82-2-739-1558 http://www.shipowners.or.kr E-mail: [email protected]
58 _ Offshore & Shipbuilding Korea 2014 Offshore & Shipbuilding Korea 2014 18TH FLOOR, LANDMARK TOWER, 308 GANGNAMDAERO, GANGNAM-GU, SEOUL 135-937, KOREA Tel: (82-2) 2112-8181, Fax: (82-2) 2112-8182, www.koshipa.or.kr