Korean Shipbuilding: Running on a Treadmill?

... 2000s towards production expansion, the future demand by international fleet for new tonnage even by 2020 will hardly reach 80 per cent utilisation of current capacity . The current trends underpinning the growing competition between South Korea and China have led to a drop in shipbuilding prices. In 2011 alone, prices across various segments of the merchant fleet dropped by between 5 and 15 per cent. In 2012, the average decline was in excess of 8 per cent . In 2011, prices for some items were slashed 50 per cent from their ...