In order to avoid the competition and the Chinese shipyard to give up the main industry, to fight the low price, to engage in "internal fighting", the transformation of marine equipment has become a nightmare for South Korea's shipbuilding industry.

It is reported that South Korea's three major shipbuilding giants recently said they have invested heavily in the offshore drilling platform in recent years has failed, resulting in huge losses. A years, Daewoo shipbuilding and marine, Samsung Heavy Industries, Hyundai Heavy Industries in the field of losses amounting to a 8 trillion won (about RMB 457 million yuan). Expert analysis pointed out that the lack of independent design capacity of the three yards, leading to the failure of budget management, so that the cost of the project is far beyond expectations.

The main purpose of the investment in the marine market is to avoid competition with Chinese shipbuilding enterprises in the construction of traditional merchant ships. However, after the world oil price fell, the world's oil development of the world's enthusiasm to decline, while South Korea in this area of experience, and failed to open up the new oil drilling platform, and finally led to the plight of today. Unable to focus on the development of the industry competitiveness, the development focus to ocean engineering of shipbuilding industry in South Korea, and with the failure of the year ambitious deep strategic plan, South Korean shipbuilding industry step by step toward the abyss.

1 8000000000000 years of the three largest shipyard losses

Daewoo shipbuilding has recently been discovered and deliberately conceal large losses. In the past five years, Daewoo shipbuilding and marine in the field of marine equipment, the size of the losses up to 2 trillion won, while the company's accounting fraud, conceal this part of the loss. Forecasts that, the highest possible 3000000000000 won the two quarter loss of Daewoo shipbuilding, and the lack of liquidity. In order to cope with this situation, creditors Industrial Bank has decided to by structure adjustment of the Department in charge of Daewoo shipbuilding, and consider if necessary be emergency liquidity support. Samsung heavy industry can not avoid the loss. According to South Korea securities industry news, Samsung Heavy Industries in the 2012-2013 contract of marine engineering equipment due to design changes, resulting in a delay in the construction period, the company's two quarter is likely to appear more than 1000000000000 won. And Hyundai Heavy Industries have been in the last year was exposed to 3 trillion won loss, analysts believe that Hyundai Heavy Industries in the second quarter of this year is also very difficult to get out of six consecutive quarters of losses. This means that nearly a year, the three largest shipyard in marine engineering equipment lost 8000000000000 won. Daewoo shipbuilding News Shipbuilding shares all the way down.

Unable to compete with China to enter the ocean engineering

Five years ago, as the world's three major shipbuilding giants is also Hyundai Heavy Industries, Korea shipbuilding giants, Daewoo shipbuilding and marine engineering, Samsung Heavy Industries, began to the line of sight to the areas outside the main industry, involved in offshore oil drilling platform business. Their intention to avoid direct competition with rival China, because China's cheap labor with lower cost manufacturing oil tankers and the small profit erosion. In the year it seems, with the oil price gradually climbed to $100 a barrel, offshore drilling platform seems to be a smart bet. But now looking back, this deep strategy seems to get the opposite of what one wants. South Korea's shipbuilding industry is now facing a double dilemma: not only as the main business of the shipbuilding business resistance, even after the plan of the deep sea have been thwarted.

"As a result of the decline in demand for shipbuilding, the three giants of the giants over the offshore drilling platform to fill gaps in the market are the biggest mistakes they have made," said Jong SEO, chief researcher at the Korea import and export bank for Foreign Economic Research."