Chinese shipbuilding industry

BoeingEngineer

BoeingEngineer

Junior Member
Registered Member
tonyget said:
Korea sacrifice profit for market share


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Oh my goodness.

This chart says so much !!

China is spending a lot more on innovation and upgrading equipments than korea !! 5% compare to 1%

Also, China is now getting really cheap oil and cheap iron from Russia, further making Chinese shipyards more competitive.

Keep this up for a few more years and all the korean shipyards will be DEAD DEAD !!
 
Jono

Jono

Junior Member
Registered Member
but still, this kind of cut-throat competition between China and SK shipbuilders only benefits the shipowners who are laughing all the way to the banks.
0% profit is not sustainable unless the strategy is to wipe out your competitors quickly, then raise prices.
 
S

sndef888

Captain
Registered Member
Any idea why Koreans are losing so much money? Is it a short term trend due to energy prices etc or is it a sign that Korea is gonna have to quit shipbuilding in the long term?
 
TK3600

TK3600

Major
Registered Member
sndef888 said:
Any idea why Koreans are losing so much money? Is it a short term trend due to energy prices etc or is it a sign that Korea is gonna have to quit shipbuilding in the long term?
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A country that size owning half of an entire industry is not the norm. Frankly ship building is a thin profit industry itself and require high skill. China itself is already struggling. No chance Korea can keep it.
 
O

Overbom

Brigadier
Registered Member
BoeingEngineer said:
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South Korea’s top three shipbuilders – Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering (DSME) – suffered a massive combined KRW1.5trn ($1.1bn) loss in the first half of the year.
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Good plan by the Chinese shipyards. Lower costs as much as possible and force the Koreans out of business

Daewoo Shipbuilding & Marine Engineering (DSME) one of South Korea’s leading shipbuilders announced mounting problems in a regulatory filing. The company’s financial losses increased by more than 120 percent with management citing rising costs and the Ukraine war. The mounting losses have driven DSME's debt to equity ratio to 547 percent as of the end of March.
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GG
 
C

caudaceus

Senior Member
Registered Member
pevade said:
Its clearly not running on linux since the titlebars are Windows titlebars and the minimize, maximize and close buttons are all from windows.
Also why do you believe that linux apps are ugly?
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This looks like Ribbon UX that was first introduced in Windows 7 CMIIW
 
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