asia days 2013 - korean opportunities maritime sector
TRANSCRIPT
Korean shipbuilding & Maritime Offshore
June 2013
Doo Seok KIM Senior Market Advisor
Innovation Norway Seoul
Bjørn O. Bjørnsen Director Innovation Norway Seoul
Have you ever heard of this country?
Chong-Gye stream, downtown Seoul (1950s) Chong-Gye stream, downtown Seoul (2000s)
From a hopeless country -Japanese colony 1910~1945 -Korean War 1950~1953 -Extreme poverty (GDP per capita USD60 in 1960s)
To a modern industrial state - Achieve democratization & industrialization - Surpass USD 20,000 GDP per capita in 2000s - Modernized manufacturing state and knowledge society based on ICT
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Korea and Norway
3 Source: Wikipedia
Norway Korea Capital Oslo Seoul Languages Norwegian Korean
Government Unitary Parliamentary Constitutional Monarchy
Unitary Presidential Constitutional Republic
Area 385,252 km2 100,210km2 Polulation 5,009,150 48,875,000 (24th) GDP (nominal) total USD 483.650 billion USD 1.163 trillion (15th) GDP per capita USD 97,254 USD 23,749 HDI 0.943 (1st) 0.897 (15th)
UK
USA
Japan
Korea China
19C: Ship material (Wood steel)
1950s: Shipbuilding method (rivet Block & welding)
2000s: Flexible ship design capability
2010~: Cheaper labor cost and increased shipbuilding capacity through government’s promotional policy
History…
North East Asia covers about 85% of global shipbuilding.
on Global Shipbuilding
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Large LNG
Large Containership
Large BC
VLCC
Small LPG
Large LPG
Small BC
Small Containership
Small Vessel Large Vessel
Low Complexity
High Complexity
Review on NEA shipbuilding
Drillship
Conventional LNG
ULCC
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Tanker, containers
Korean shipbuilding development
Foundation 1960S
Growth
1970~1980 By a government economic development program Take-off
1990S Accumulated the advanced technologies
Global Leading
2000S Profitable growth & global shipbuilding networking Diversification
2010~ Extreme ocean plants and renewable energy business
1 High Value Added Ships 2 Green Ship Technology 3 Maritime Offshore Biz
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& Future Strategy
• Motivation: Conventional shipbuilding turned to Red Ocean
• Types: LNG carriers, large containerships, sophisticated product & chemical tankers
• With adding new green ship technologies with international partners
• Strong edge on ultra large containership (>10,000TEU) & large LNGC (>200K CBM)
• Aim to secure total 40 new LNG ship orders in 2013
• Entered into whole LNG value chain
High value added shipbuilding
LNG RV
LLNGC
LNG FPSO
LNG FSRU
Production Facility
Liquefaction Facility LNGC Storage &
Regasification Gas
Field End User
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• Offshore plants engineering & construction as an EPC contractor
• Main types: Fixed platforms, FPSOs, semi-submersible rigs and drillships
• Sharply increased Norwegian projects and opportunity for Norwegian suppliers
• Shipbuilders tilt toward offshore plants (80% of new order amount in 2013)
Maritime Offshore
[USD trillion] [Biz plan analysis – Order Target]
9,6 13
10
14,3 13
10,4
19,5
29,7
5
10
15
20
25
30
35
0
Order status 2012
Order plan 2013
Order plan from O.D.2013
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Norwegian offshore projects (From 2012 ~early of 2013)
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Project Type Unit
Quad 204 Semi-Sub. Drilling Rig 1
CAT D Semi-Sub. Drilling Rig 2
n/a Semi-Sub. Drilling Rig 1
n/a Ultra-DW Drillship 1+1
n/a Ultra-DW Drillship 1+4
Martin Linge Fixed Platform (Topside) 1
Aasta Hansteen Spar Platform (Hull + Topside) 1
Gina Krog (former Dagny)
Fixed Platform (Topside) 1
LNG FSRU 1
Mariner Fixed Platform (Topside) 1
Heidrun Floating Storage Unit (FSU) 1+2
Odfjell Drilling DSME
Songa Offshore DSME
Fred Olsen E. HHI
Seadrill SHI
Sigma Drilling STX
Total E&P Norge SHI/Technip
Statoil HHI/Technip
Statoil
DSME
Hoegh HHI
Statoil DSME
Statoil SHI
Aker Solutions ˻ Drilling Equip. Package 2
˻ CS 60 E Semi-Sub. Design 1 Moss Maritime
˻ Offshore Cranes 1 TTS
˻ D. engineering & hook-up 1 Aker Solutions
˻ Living Quarter Apply Leirvik 1
Collaboration on green ship technologies
Opportunities
Norwegian offshore projects
• Qualified NORSOK suppliers • Design package: Rig & OSV • Engineering collaboration: FEED and
detailed topside engineering • Topside safety & risk assessment
service • Core offshore equipment • Hook-up and installation service • R&D collaboration on subsea
technology development
• Hull performance • Engine efficiency/fuel consumption • Co2 emission • Alternative propulsion system • BWTS • Energy saving or energy recycling
device • LNGC: CCS, Cryogenic material and core
equipment applicable for ARC-7 ice class
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Core offshore equipment
[Structure/hull outfitting] Mooring winch/windlass, Loading/offloading, Drilling package, Crane
[Accommodation] HVAC, AL. modular living quarter
[Machinery/process] Gas turbine generator, Gas compressor, Process pump, Produced Water Treatment Skid (Hydro Cyclone Type)
[Pipe & fitting] BWTS, Stainless Pipe (including Duplex), FRP Pipe & Fitting/Flange, Shut Down Value, Control Valve
[Electric] Generator, High Voltage Switch Gear, Variable Frequency Converter Drive, Battery & UPS, Solar System, Integrated Central Control System [Fire & safety] Life Boat, Life saving Appliance, Survival Suit, Fire Pump, Fire Detecting System, Gas Detecting System, EDS
Opportunities
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UK
USA
Japan
Korea China
Do you remember?
1 High Value Added Ships
2 Green Ship Technology
3 Active Maritime Offshore Biz
Korea Strategy for the future It will be interesting to see future market competition and which country will lead the global market. Also it will be very interesting to find Norwegian collaboration with Korean shipbuilders for the three strategic areas.
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How to succeed in your business in Korea
Key Points of Business Strategy….
Focus on Core Business Competence with Balanced Business Portfolios In-housed engineering capability
Safe First and World Best Quality
Flexible
Overcome cultural language barriers
Establish Long term Business Partnership
For Win-Win Relationship with Clients and Partners
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For more contact
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Doo Seok KIM Senior Market Advisor Innovation Norway Seoul
Bjørn O. Bjørnsen Director Innovation Norway Seoul [email protected]