Page 43: of Maritime Reporter Magazine (June 1989)

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total tonnage completed to 10.9 mil- lion gross tons. This represents a drop of 1.4 million gt from 1987 fig- ures. The number of ships com- pleted, however, increased by 47 to 1,575.

Furthermore, for the second year in succession, new orders exceeded completions, indicating an im- proved outlook for the world ship- building industry. Orders placed in 1988 totaled 12.3 million gt, an increase of 1.4 million gt over the total output. The tonnage ordered in 1987 amounted to 13.8 million gt, 1.5 million gt more than the comple- tions during the same period.

Oil tankers accounted for 4.1 mil- lion gt of all completions in 1988, an increase of 1.1 million gt from the previous year. Tanker tonnage rep- resented 37.9 percent of all tonnage completed compared with 24.9 per- cent in 1987 and 22.4 percent in 1986.

There was a drop in the bulk car- rier output to 2.3 million gt from the previous year's total of 4.3 million gt-

Fully cellular container ship com- pletions amounted to 1.5 million gt, up by 347,000 gt from 1987, while the general cargo ship output to- taled 1.9 million gt, down by 321,000 gt-

Japan's output, at 4 million gt (down by 1.7 million gt from 1987), represented 37 percent of the world total (46.6 percent in 1987). New orders obtained by Japanese ship- yards totaled 4.6 million gt or 37.6 percent of the world total. Of the tonnage completed by Japan, oil tankers accounted for 1.4 million gt and ore/bulk carriers 1.2 million gt.

Number two shipbuilder South

Korea increased its total output from 2.1 million gt in 1987 to 3.2 million gt, a jump of over 52 per- cent. South Korea's share of the world tonnage output increased from 17.1 percent to 29.1 percent.

New orders totaled 3 million gt, 0.2 million less than their total output.

Of the other leading shipbuilding nations, the People's Republic of

China completed 254,000 gt (down 32,000 gt); Republic of China (Tai- wan) 453,000 gt (up 111,000 gt);

West Germany, 521,000 gt (up 180,000 gt); Denmark, 377,000 gt (up 134,000 gt); East Germany, 292,000 gt (unchanged) and Poland, 275,000 gt (down 13,000 gt).

The largest ship completed in 1988 was the 305,893-dwt ore/oil carrier Alster Ore, built in Taiwan by China Shipbuilding Corp. for

Krupp Seeschiffahrt.

During the last quarter of 1988, eight ships of over 200,000 dwt were completed, seven of which were de- livered by South Korean shipyards.

The largest ships completed, both delivered by Hyundai Heavy In- dustries, were the 265,243 dwt oil tankers World Prelude and World

Prince for companies associated with World-Wide Shipping Agency

Ltd. of Hong Kong. The largest dry cargo ship completion, the 245,609- dwt bulk carrier Ocean Universe, was delivered by Daewoo Ship- building & Heavy Machinery

Ltd. for Pan Ocean Shipping Ltd.

In the luxury cruise ship sector, the Turku Shipyard of Wartsi- la Marine Industries Inc. deliv- ered the 768-passenger Royal Vik- ing Sun to Kloster Cruise Ltd.The

West German yard of Schichau

Seebeckwerft delivered the 212- passenger Seabourn Pride to Sea- bourn Cruise Line of San Francis- co.

World Orderbook

Lloyd's Register Merchant Ship- building Return for the end of 1988, showed the total world orderbook with 2,228 ships of 24.6 million gt.

Far East

Japan regained the leading posi- tion in the world orderbook with its 5.96 million gt, overtaking South

Korea (5.87 million gt) which had held the lead since the third quarter of 1987. Sixty-one percent of the tonnage in Japan's orderbook was under construction, compared with 39 percent of South Korea's.

The Kobe shipyard of Japan's

Mitsubishi Heavy Industries recently received an order to build a 164-passenger cruise ship. The or- der was placed by Frontier Cruises, a new joint venture of Salen Linblad

Cruising, Nippon Yusen Kaisha,

Mitsubishi Corp., Hapag-Lloyd and

MHI. The ship is expected to be delivered in November 1990.

South Korean shipbuilders Sam- sung Shipbuilding & Heavy In- dustries, Co., Ltd. and Daewoo

Shipbuilding & Heavy Machin- (continued)

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