Which builder is the largest in the world? Which country holds the largest market share for shipbuilding? Most people can give quick answers. However, after taking into account the offshore side of things, the answers are no longer straight forward.
We have CGT as a good measure of output and shipbuilding capacity. However, there isn't such a measure for the offshore arena (even though our efforts in establishing same continues). The "closest" apples-to-apples comparison we came up with now is USD value of the orderbook. The ranking of top 10 shipbuilders, according to CGT for commercial shipbuilding only and USD value for overall orderbook including offshore, will be looking respectively as below:
|Rank||Commercial Shipbuilding Only||Offshore Builders Only||Overall Ranking Including Offshore|
|Shipbuilder Name||Market Share||Shipbuilder Name||Market Share||Shipbuilder Name||Market Share|
|(in CGT of merchant orderbook)||(in USD value of orderbook)||(in USD value of orderbook)|
|1||Hyundai Heavy, HHI||8.18%||Samsung Heavy||22.91%||Samsung Heavy||10.31%|
|2||Samsung Heavy||6.85%||Daewoo, DSME||12.85%||Hyundai Heavy, HHI||8.83%|
|3||Daewoo, DSME||5.93%||Hyundai Heavy, HHI||11.90%||Daewoo, DSME||6.82%|
|4||Imabari Shipbuilding||4.52%||Keppel FELS||10.61%||STX Offshore & Shipbuilding||2.91%|
|5||STX Offshore & Shipbuilding||3.65%||Sembcorp - Singapore||7.03%||Keppel FELS||2.03%|
|6||Hyundai Mipo, HMD||2.66%||Cosco Shipyard||4.90%||Hyundai Mipo, HMD||1.95%|
|7||Jinhai Heavy Industry||2.29%||CIMC Raffles Offshore||2.50%||Jiangsu Rongsheng||1.62%|
|8||Jiangsu Rongsheng||2.07%||STX Norway||2.42%||Cosco Shipyard||1.57%|
|9||Yangzijiang Shipbuilding||1.99%||ABG Shipyard||1.88%||Dalian Shipbuilding, DSIC||1.52%|
|10||Dalian Shipbuilding, DSIC||1.94%||Keppel FELS Brasil||1.61%||Jinhai Heavy Industry||1.37%|
Figures as of 30 June 2011 (contact Worldyards if you need more details or most updated figures).