Chinese shipbuilding industry

[BoeingEngineer]

Korea sacrifice profit for market share


View attachment 105317

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 !!

 

[vincent]

China also getting 0% profit wow.

After paying workers’ salaries and spending on R & D

 

[BoeingEngineer]

After paying workers’ salaries and spending on R & D

Keep this up and korean shipyards will all be dead in a few years !!

 

[Jono]

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.

 

[sndef888]

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]

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?

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.

 

[Overbom]

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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.

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.

GG

 

[caudaceus]

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?

This looks like Ribbon UX that was first introduced in Windows 7 CMIIW

 

[ACuriousPLAFan]

Good plan by the Chinese shipyards. Lower costs as much as possible and force the Koreans out of business

GG

How far would the South Korean government go into resucing these shipyards, or even bailing their shipyards out?

 

[Hitomi]

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.

Not to mention the South Korean population imploding at an earlier and faster pace than China.