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How important is international logistics when you win orders but delay big customers because of logistics?
Nov 10,2023
Recently, according to Clarkson released the latest data show that the South Korea shipbuilding industry18Ship:34The ship surpassed China and returned to the top of the list after two months.
However, the rising cost of shipbuilding materials and the shortage of shipyard workers are causing great trouble to South Korea shipyards. Almost all South Korea shipyards are facing the problem of delayed delivery.
Shipyard applies for debt restructuring
according to korean media reports,Busan-based Daixian Shipbuilding Engineering Co. has South Korea the Export-Import Bank to apply for a corporate restructuring plan to restructure its debts.
An official of Daxian Shipbuilding confirmed that the company had filed a debt restructuring application with major creditors. But shipyard managers said day-to-day operations at the shipyard would not be affected.
Dixian Shipbuilding is one of the few remaining medium-sized shipyards in South Korea, and the shipyard is well known in the field of building feeder container ships and portable tankers.
At the same time, accordingClarksonsData show that Dachan Shipbuilding has18new shipbuilding orders, of which6ShipAce Tankersof stainless steel chemical tankers,9container feeder ship,2multi-purpose ship and1A ro-ro ship.
Today, the shipyard is also building a training ship and a research ship./Oceanographic vessel.
However, Korean media recently reported that the rising cost of shipbuilding materials and the severe shortage of shipyard workers have had a serious impact on the financial situation of the South Korea shipyard.
In addition, according to the local news agency, as of the first half of this year, the total debt of Dachan Shipbuilding was4,577Billion won, compared with the same period last year3,869billion won increased18.3%.
Currently, the shipyard has a gearing ratio567.3%.
Big shipyards take big orders, small shipyards suffer more.
Recently, according to trade wind reports, Qatar Energy Company has been with South Korea shipping company Samsung Heavy Industries on Qatar.LNGThe second batch of LNG carriers of the project confirmed the new shipbuilding position.
Although the exact number has not been disclosed, according to sources, Qatar Energy is in.19At least6The confirmation of reserved ship positions, and more ship positions will be confirmed in the coming weeks.
QatarLNGThe second batch of projectsLNGTransport ship orders involve China and South Korea4shipyard, after which it is likely that a total of more50ShipLNGTransport ship orders.
At the same time, it is understood that the first batch of energy projects in QatarLNGShipping orders are in the process of signing,South Korea's three major ship companies won54ShipLNGShipping orders,HDHyundai Group, Samsung Heavy Industries and Hanwha Ocean undertook17ship,18ship and19Ship.
While the big shipyards are receiving large orders in a row, the small shipyards are suffering.
Earlier, a person in the shipbuilding industry said that almost all shipyards in South Korea are now facing the problem of delayed delivery, and the small and medium-sized shipyards near Busan have suffered the most, which can be said to be very serious.
Another shipbuilding broker pointed out directly:"Their workers all went to the big shipyards where the wages were higher."
For example, South Korea Daxian Shipbuilding, labor supply problems caused Daxian Shipbuilding to be unable to deliver new shipbuilding on schedule, and one of the new shipbuilding projects affected wasAce Tankers stainless steel chemical tanker.
according to reports,In April 2021, Ace Tankers ordered a series of 33000 dwt stainless steel chemical tankers at the South Korea shipyard at a cost of $47 million each.
The shipyard is scheduled for this year.The first newbuild, hull number 667, was delivered in May, but the Clarkson Shipping Intelligence Network shows the tanker is now scheduled to be delivered this month.
South Korea shipyards face woes
As we all know, shipbuilding is a labor-intensive industry. The shortage of workers will put great pressure on the delivery of goods on schedule, and shipyards will be afraid to sign new agreements because they are worried about the performance of the contract.
South Korea shipyards have been facing these problems for the past two years.
With2021In the middle of the yearCovid-19Since the lifting of restrictions and the resumption of new shipbuilding contracts in the South Korea shipbuilding industry, the South Korea shipbuilding industry has been hit hard by the labor crisis.
Shipbuilders have a large volume of orders, and some orders will even last2027At the beginning of the year, shipyards faced a severe shortage of skilled workers.
This grim situation stems from2014In 2010, due to the market downturn at that time, the shipyard began to lay off employees significantly, with the number of employees ranging from about20.3The number of people reduced to about9.2Ten thousand people.
The shortage of workers has affected production and deliveries, and some new ships have even been delayed by three to six months, leading shipowners to demand compensation from shipyards for lost liquidity.
It is worth mentioning that last year, South Korea Ocean and Shipbuilding Engineering Company was collectively reported by its compatriots in the country,They're rightKSOEBy offering high salaries and benefits to poach their experienced key technology workers are dissatisfied.
Finally, Samsung Heavy Industries, Daewoo Shipbuilding and Offshore Engineering and Dahan Shipbuilding filed reports with the South Korea Fair Trade Commission, which is responsible for managing competition policy and handling anti-monopoly cases against Hyundai Group.
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