Executive Briefings

Actively Operating Shipyards Decline Greatly Around the World

The Korea Offshore and Shipbuilding Association has released numbers confirming the expectations of many analysts: the number of actively operating shipyards around the world has fallen by more than 40 percent from what it was seven years ago.

The study defined an active yard as a facility with at least one ship on its backlog.

Active Chinese yards were down from 380 to 140 and Japanese yards fell from 70 to 60 over the same period, the association said.

Even worse, the biggest shipyards in the world – DSME, Hyundai Heavy and Samsung Heavy – may well have empty space and unused capacity sometime next year.

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The study defined an active yard as a facility with at least one ship on its backlog.

Active Chinese yards were down from 380 to 140 and Japanese yards fell from 70 to 60 over the same period, the association said.

Even worse, the biggest shipyards in the world – DSME, Hyundai Heavy and Samsung Heavy – may well have empty space and unused capacity sometime next year.

Read Full Article