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Shipbuilding & Offshore Plants

Home to Hyundai Heavy Industries, Samsung Heavy Industries and
Daewoo Shipbuilding & Marine Engineering, the world's top three builders of offshore plants, Korea leads the global shipbuilding and offshore plant industry, with the world's greatest number of  orders.

Leading the World in Shipbuilding and Offshore Plants

  • 2011
Korea 45.8 31.7%
China 19.2
Singapore 30.4
Others

2012
Korea 64.7 33.3%
China 18.2
Singapore 33.1
Others

2013
Korea 56.0 33.7%
China 16.7
Singapore 46.8
Others

2014.09
Korea 61.9 30.4%
China 15.2
Singapore 48.0
Others
  • NO.1 Hyundai Heavy Industry
NO.2 Samsung Heavy Industry
no.3 Daewoo Shipbuilding & Marine Engineering

* Source: Hyundai Heavy Industries IR, Samsung Heavy Industries IR

* Source: Clarkson (2015)

Competitiveness of Korea’s Offshore Plant Industry by Segment

Migration Path of Completed Offshore Projects
Korea : Northwestern Europe(North Sea)
Korea : West Africa
Korea : Middle East(Saudi Arabia, etc.)
Korea : East Africa
Korea : India 
Korea : Malaysia Indonesia
Korea : Australia
Korea : Brazil
Korea : Venezuela
Korea : Gulf of Mexico
Korea : Arctic

Migration Path of Engineering Activity
Korea : AMEC(UK) ,SBM(Netherlands), Technip(France),Saipem(Italy)
Korea : Worley Parsons(Australia)
Korea : KBR, MUSTANG (US)

Migration Path of Equipment
Korea : Aker Solutions(Norway), SIEMENS(Germany), SBM(Netherlands)
Korea : GE, Cameron, NOV, FMC (US)

* Source: Invest Korea

FPSO: floating production storage and offloading

FSRU: floating storage regasification unit