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South Korea is the world’s shipyard

South Korea is now the world’s leading shipbuilding nation. More than half of all newbuilding orders are sent to South Korean shipyards. This is a report from Daewoo Shipbuilding & Marine Engineering Company in Okpo, South Korea.

Sparks are flying as the Danish Crown Prince Frederik and Crown Princess Mary push the button on the machine cutting the first plate for the new gigantic Maersk Group triple-E container ships. However, the button is not at Lindoe where many Maersk ships have been built but at the Daewoo Shipbuilding & Marine Engineering Company in Okpo, South Korea.

Lindoe is now closed and the 20 Triple-E ships will all be built at Daewoo which is also building 16 Sammax container ships while 22 Wafmax containerships and four drillships are under construction at Daewoo’s South Korean competitors, Hyundai Heavy Industries and Samsung Heavy Industries.

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