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DSME May Become World #1 in Winning Orders
Raking it In
DSME May Become World #1 in Winning Orders
  • By Jung Min-hee
  • June 24, 2015, 03:15
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Daewoo Shipbuilding & Marine Engineering (DSME) could become the world’s number one in terms of the number of orders awarded. The company has already ranked first in terms of an accumulated order backlog among single dockyards and is closing the gap with Hyundai Heavy Industries, which is still number one in the shipbuilding sector.

According to Clarkson, a British market survey institute that focuses on shipbuilding, on June 23, the Okpo Shipyard of the DSME placed first among single dockyards in the world as of the end of last month in the rankings of compensated gross tonnage (CGT) in an accumulated order backlog, with an amount of 8.299 million. The shipyard has maintained the top spot for seven straight months.

Geoje Shipyard of Samsung Heavy Industries recorded 5.463 CGT, or 93 ships, in its backlogs, securing second place. Also, Ulsan Shipyard of Hyundai Heavy Industries has maintained third place for three consecutive months with 4.472 CGT, or 92 ships. Hyundai Heavy Industries’ subsidiaries, Hyundai Samho Heavy Industries and Hyundai Mipo Dockyard, ranked fourth and fifth, respectively, following Hyundai Heavy Industries.

By each dockyard, the DSME took first place, being followed by Samsung Heavy Industries and Hyundai Heavy Industries. By shipbuilding group, however, Hyundai Heavy Industries has still maintained its top position in the world by a narrow margin.

By shipbuilding group, Hyundai Heavy Industries, which runs Hyundai Samho Heavy Industries and shipyards in Ulsan and Gunsan, has maintained the number one spot in the world with 9.256 CGT, or 208 ships. The DSME, which runs Okpo Shipyard in Geoje and Daewoo Mangalia Heavy Industries S.A., is currently in second place in backlog with 9.097 CGT, or 156 ships. Hyundai Heavy Industries’ winning margin is only 1.7 percent.

Hyundai Heavy Industries has never yielded the top position to domestic dockyards. However, the DSME is highly likely to rank first in the world in terms of backlogs if Hyundai Heavy Industries doesn’t win any contracts this month.

The DSME has already received an order from Maersk Line of Denmark to deliver 11 container vessels with a capacity of 19,630 TEU at the beginning of this month.