In the last three days, three major Korean shipbuilders have received a total of 30 new ship orders worth more than RMB 30 billion. In order to achieve the goal of receiving orders for the whole year to exceed China again, the South Korean shipbuilding industry launched a final sprint at the end of the year.
In just three days from December 21 to December 23, Hyundai Heavy Industries Group, Samsung Heavy Industries and Daewoo Shipbuilding have received orders for 30 ships, including 17 LNG ships, 10 container ships, two LPG ships and one product tanker, with a total order value of more than 5.1 trillion won (about RMB 30.234 billion).
Among them, Hyundai Heavy Industries Group received orders for four 13,200 TEU container ships, two 40,000 cubic meter LPG vessels and one product tanker on December 21, with a total price of about 582 billion won (about 582 million U.S. dollars). On the same day also received orders for three LNG vessels with a total value of 604.3 billion won (about 546 million U.S. dollars).
On December 22, Hyundai Heavy Industries Group received another order for 3 LNG vessels worth 607.2 billion won (about US$549 million). on December 23, Hyundai Heavy Industries Group received another order for 3 LNG vessels worth 612 billion won (about US$552 million).
In three days, Hyundai Heavy Industries Group received orders for a total of 16 vessels worth about $2.23 billion. With the latest orders, Hyundai Heavy Industries Group has now received orders for 116 ships about 10 billion U.S. dollars, completing 91% of the annual order target.
On December 21, Samsung Heavy Industries received orders for 2 LNG vessels with a total value of 408.2 billion won (about $371.5 million), and on December 22, Samsung Heavy Industries received orders for 2 LNG vessels with a total contract value of 403.5 billion won (about $365.4 million), and on December 23, Samsung Heavy Industries received orders for 4 LNG vessels with a total value of 815 billion won (about $735 million). .
In 3 days, Samsung Heavy Industries received 8 orders for LNG vessels with a total value of $1.47 billion. Together with the latest order, Samsung Heavy Industries has received orders for 36 vessels worth 5.5 billion U.S. dollars, completing 65% of the annual order intake target of 8.4 billion U.S. dollars.
Just yesterday (Dec. 23), Hapag-Lloyd confirmed an order for six 23,500 TEU dual-fuel ultra-large container vessels worth 1.08 trillion won ($979 million) at Daewoo Shipbuilding. Up to now, Daewoo Shipbuilding has received orders for 32 vessels worth US$5.37 billion for the year, completing 74.5% of the annual order intake.
South Korean shipbuilding industry sources said, this year's large shipbuilding contracts concentrated in the end of the year, in the epidemic crisis in South Korea's three major shipbuilders full of energy, to a certain extent to achieve this year's order intake target, to achieve very good results. As this year is nearing the end, the three major Korean shipbuilders have been unlikely to achieve the annual order intake target, despite this, the three major shipbuilders still hope to seize the last opportunity to win more orders at the end of the year, in an effort to catch up with China.
In the second half of this year, the Korean shipbuilding industry backward power, by virtue of the rich experience accumulated in the field of ship design and construction and strong technical capabilities, coupled with a big "price war", gradually reversed the declining trend of receiving orders since the beginning of this year, and continue to narrow the gap between the amount of orders received and Chinese shipbuilders.
According to the data released by Clarkson in early December, in the five-month period from July to November, South Korea's shipbuilding industry took new ship orders increased by 186% compared with the first half of this year, while China fell by 35%. So far, in the first 11 months of this year, the gap between South Korea's order intake and China has narrowed to 11% from 39% at the end of June.
South Korean industry insiders pointed out that the three major shipbuilders were able to perform strongly this year because the three shipyards have almost monopolized global orders for LNG vessels, VLCCs and other high value-added vessels. Among them, the three major shipbuilders have a total of 46 LNG ship orders this year, including 21 from Hyundai Heavy Industries Group, 16 from Samsung Heavy Industries and 9 from Daewoo Shipbuilding, accounting for 73% of the total 63 LNG ship orders worldwide. In addition, South Korea's three major shipping companies also received 34 VLCC orders this year, equivalent to 81% of the global total of 42 VLCC orders.
Looking ahead to next year, the South Korean side predicts that the order intake of the three major Korean shipping companies will increase by about 10% in 2021 compared to this year, as stricter environmental regulations and demand suppressed by the epidemic will drive the growth of global orders for LNG vessels and ultra-large container ships
