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The Korean M inistry of Trade , Industry and Energy said local shipbuilders received new vessel orders totaling 9. South Korea was followed by China 8. South Korea was especially dominant in big-ticket orders, such as large-scale liquefied natural gas, or LNG, carriers tank ships designed for transporting liquefied natural gas , very large crude carriers and large-size container ships.

Looking at , South Korean shipbuilders seek to focus on building more l iquefied petroleum ga s, or LPG, carriers, that are emerging as a new cash cow for the industry due to strengthened vessel fuel emission regulations by the International Maritime Organization and a boom in shale gas.

To reduce the amount of sulfur oxide released into the air, the International Maritime Organization imposed a new regulation whereby ships have to use fuels with less than 0.

The global shipbuilding industry projects that merchant vessel orders will reach units in , an Orders for LPG carriers are forecast to total 40 vessels, up from 31 in Of these 40 LPG vessels likely to be ordered, 30 vessels are expected to be very large gas carriers, said Clarkson Research, a British research firm.

However, the South Korean shipbuilding industry also faces some challenges � namely, the likelihood of more contract cancellations for drillships, merchant vessels Model Ship Building Books Pdf Version used in exploratory offshore drilling for new oil and gas wells or for scientific projects.

Samsung Heavy Industries endured the cancellations of two drillship contracts that it had earlier won from a Swiss shipbuilder. Samsung suffered the cancellations for four drillship contracts last year.

There are thousands of jobs involved and there is no appetite for more state bailouts. By the s and s, South Korea became a dominant producer of ships, including oil supertankers and oil-drilling platforms.

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