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In a floating dock at Samsung shipyard in Geoje City, Korea, fourth of the 5 vessel order for "Costamare".
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Containerships built 2011-2020 - 81 photos
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COMMENT THIS PHOTO(11)
i guess it was inevitable that Korean shipbuilding would be hit, unfortunately this time they dont have the offshore market to turn to. Will be interesting to see what happens to DSME and the like.
rgds
Andrew
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I'd like to share your optimism, but the industry is in for a wild ride, and not in a good way. It is predicted that the new "normal" for Korea will be about half of what it was some years ago. This means that instead of 500 vessels per year, they will produce about 250. Still a significant number, but their present day capacity is tailored to the previous level of production, so it will have to be scaled down, with respective closing/downsizing of many yards, and laying off (in one way or another) 30-40% of the workforce.
Now for the good news: 20K+ TEU ultra large container vessels project at Samsung shipyard is on schedule, so you can expect some photos soon enough. :)
Cheers
Vlad
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Still the photo is another classic. Thanks you Vladimir. Green shipbuilding at its best.
Best regards Frank
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Cheers
Vlad
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...
Not kidding.
Last year end of June, number of new orders: 250.
This year: 27. Twenty seven.
Present day charter rates for container vessels do not allow neither ship owners nor builders to be profitable, and when you are billions of dollars in debt, like the Korean shipbuilders, it is not really advisable to take losing orders.
Cheers (not that there's anything to cheer about)
Vlad
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Poźz
Vlado
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I've taken the name from Jan's post, but I see now that it's probably TaurUs...
So, I will change the name.
Cheers
Vlad
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Very nice picture.
Will it be Tauros or Taurus?
Cheers,
Roy
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