The shipyards themselves are also some of the most insane and underrated infrastructure projects out there, the massive drydocks, cranes, and assembly/mfg buildings required are nuts
Oh yeah, even old school sliding ways and floating drydocks are insanely huge. And that's ignoring just yard space! Modern ships are built in blocks then assembled together into a hull, and those blocks and the steel and weld yards that feed them take up miles.
True. I'm a bit disappointed how he left out some more details on the difficulties those arised while Hyundai built their first shipyards for example. It's such an interesting story.
@@blyat7276 There is no cruise ship. And they should pay LNG ship 5% royalty to French engineering company ''GTT'' So there is low net income. And ship heavy industries are threaten by chinese companies. So there is dismal future.
This is a depressing part of my family history. I was born in Sunderland, UK, at one point the largest shipbuilding town on the planet. It was in final decline in the 1980s when I was growing up. One more industry that collapsed at that time. The Japanese and then the Koreans ate our lunch.
I’m American but seeing the decline in British ship building hurts for some reason. The British built some absolutely astonishing ships. World class. Now it’s not a player at all. Same can be said here. All we build is naval ships with 4-5 ocean going ships a year. We have a few shipyard acts to strengthen our shipyards and modernize them but it’s still bleak.
And now Japan and Korea start singking replaced by Lot of China cheap sh1t. So freaking cheap that Netherland and several European shipping companies order from China ship building. But now Order is Stopped. They start looking for other cheap Shipyard that apparently they have found in South East Asia.
@@ROIDDDDD What are you talking about? You think the US Navy is going to hand shipbuilding contracts to Korean shipyards? The South Koreans don’t even have one aircraft carrier.
Interesting! I am a Machinery and Equipment Tester at an American shipyard, we have Korean equipment dealers coming through all the time! The vendor representatives almost always bring Soju as a gift, but as drinking is absolutely not an acceptable part of work culture here so my senior engineer has a closet full of dozens of bottles collected over the years, though rumor is the higher ups raid it when we are all out on sea trials! We install a lot of Korean build equipment and from experience I can say it is all strong and reliable but also about as cost cut as physically possible. Davit hoisting wires dont come on spools, they come in a sack. If a support bar can be made of a bolt welded in place, it will be. And if you didnt specify you need all accessories included with each unit rather than one for an order of dozens you wont get them! I dont mean that in a negative way, it is always fit for purpose and I admire the savings. Though I do hear many dark rumors from our representatives that visit the korean yards. I have never visited myself, but it is very, very commonly stated that those shipyards wouldn't exactly meet US OSHA standards, far from it. But it is probably cheaper.
@davidjacobs8558 I mean you say that, we still have massive shipbuilding infrastructure here stateside, the yard I work at (which is not the only shipyard in town) has nearly four thousand employees all quite well covered by OSHA. Sacrificing safety standards is a short term benefit as you lose people. Hell, we lose people here but they lose more and the loss of talented and experienced workers will always hurt you no matter how many you think you can afford.
that rumor is 100% true. working at shipyards is Korean equivalent of joining military in US. you might get injured or even killed while working but you make relatively good money. Korea will lose its no.1 spot pretty soon because of lack of skilled workers and increased reliance on foreign workers. that's exactly how Japan lost its no.1 spot years ago.
If I may I'd like to suggest a couple of video ideas. -S.Korean economic policy from Rhee govt till Park Chung He's death. -Samsung Electronics's rise and their early struggles(especially what compelled them to be export focused) Also - Different policies and tools employed by PRC after Deng's decision to open up and their effects on China's economic and technological capabilities. - Why India's Planning commission failed while it Planning bore fruit in places like Taiwan, S.Korea, France and China. I feel like you are the only serious youtuber who'd have any interest in these topics. They are broad and long but very intriguing. Again these are just suggestions. hope you might at some point in the future see this and decide to do a video on atleast two of them.
India planning failed because most of our intelligent engineers went to US and Europe, as they used to get lucrative offers from NASA and other space agencies, Investment banks. Literacy rates were not that high all these years. Government took communism learnings by restrictions on private investment and expansion which further decreased available savings and Public sector companies didn't run efficiently like Kirutsus of Japan, or chaeboi of korea. Added had to considerably millitary spend to wars with 6 wars with Pakistan where pak got funded by American but India was alone on own resources. Also only few leaders propagate importance of scientific education, democracy coupled with poverty always lead to focus on money getting diverted to schemes for poor rather than infrastructure building. China like communist revolution happened in many parts of india where private business was brutally crushed. Most of population was not nationalist to work for country like in korea Japan Singapore, Russia supported us but also kept check that we don't outsmart them thru KGB by funding communist leaders who showed loyalist to stalin more than their own land. business centric Dictatorship where dictator feel chaebois business as own, running whole country like an enterprise instead of what democracy reduced it to vote and forget, support of US, Capitalism, citizen discipline and nationalism made them what they are today not planning.
Thank you for great video Asianometry! It's awesome to see more Korean subjected videos. Recently Korean Ship building industries are suffering from lack of manpowers because foreign wokrers were left during Covid-19 and could not replenished by domestic workers because of low payment which was sufficient for foreign workers. Also domestic workers were got wage froze(some of them are earlyer than Covid-19.) and not been resolved yet. So shipbuilder has been not very attractive job in South Korea.
Luckily Korea has a large support industry that seems to do extremely well, US civilian ships use tons of Korean davits (small limited functionality cranes that are all over most ships), ladders and heavy electric motors all used in shipyards all around the world! The motors in particular get adapted into a lot of things, even some european and US manufacturers building things like Capstans say they arent a Korean company but once you pull the covers, korean motor! They work great too.
Apart from the wage problems there's also the problem that there are massive alternative job opportunities elsewhere in South Korea. Skilled welders for example are hired massively at the constructions sites of gigantic Samsung fabs under construction at Pyeongtaek. Since they are way better paid than in shipyards, it's a nobrainer that they are leaving for better jobs. Marine engineers are also leaving to growing aerospace sector like that of KAI, which is undergoing some major defense related programs, since the fluid dynamics and structural mechanics are very similar.
As a spoiled korean engineer working in office with full a/c with sorta wlb concept, i can not imagine how those 70's engineers built shipyard and ship together from nothing w/o any experiences w/o computer w/o googling. I feel current generation IQ is lower than those badasses.
The growth of the Korean economy in the 1960 through the 80s was built on a fast-follower model, with rapid absorption of technology and processes already developed overseas. The challenge facing the Korean economy now is to develop the NEXT generation of industries and tech, without knowing what it will be. In some ways, that's as much of a challenge as what faced Korean engineers in the old days.
It is well known to Koreans that in the 1960s, Ju-Young Chung, the founder of the Hyundai group, won ship orders from Europe when he did not have any shipyard. He showed a field in Korea to the buyers and said, "We will build the shipyard here to make your ship”.
2 things: (1) you must work like HMM to upload this much quality and (2) the “stay afloat” line to close out the script was a nice touch; always enjoy the content!
So that's how my uncle, who was a naval engineer working for the main Basque shipyard, Euskalduna, lost his job: while Korea heavily subsidized their industry, here the slogan was exactly the opposite: dismantle state industry... Now we're little more than a tourist destination. Sad.
Policies always have a human side, consequences. Quién sabe si la tan hablada división internacional del trabajo realmente funciona con tanta corrupción y mercados intervenidos. Los gobiernos recientes de España se parecen demasiado a Venezuela y Argentina, una pena. Quizás no es tan malo cerrar empresas que administradas por políticos corruptos las pagará carísimo el contribuyente. Quizás se podían privatizar eficientemente. Quien sabe. Abrazo.
Why is it sad? Profit margins on tourism are probably like that of software, 50% or more. Profit margins on shipping (especially with state sponsored China as a competitor) I bet are less than 10%. Better to dress up in traditional garb and play the mandolin for dumb American tourists with lots of money to burn?
So what? Did you ever work in this tough production, most likely not! How outworn were you're father and his colleagues? No reason for romanticism! If you can't compete, upgrade or develop other business areas. How about recognising the tremendous positive impact Guggenheim Museum had on Bilbao, practically nothing but wasteland ...
Dae Sun shipbuilding and Mirae shipyards have to be my favorite Korean shipbuilders, Dae Sun's ferries are incredible, especially the 3 160 meter ones built for Hanil and its subsidiaries, and as for Mirae they make good small sized ferries (many of which have been sold abroad to places like the Philippines, Indonesia, and India)
In Korea , the population is large and the farmland area is too small, so the country can operate only when the industry is developed. Wheat and corn depend mostly on imports. There are too few resources and most of them rely on imports of oil, gas, and coal. Even if there was no domestic demand, we had to make something and export it. Agriculture is necessary, but not much labor. One tractor replaces 200 workers. Steel mills were being built and steel was pouring out. Something had to be made and exported. The shipbuilding industry was the source of demand for millions of tons of steel. At that time, Korea had a lower national income than the African average. Chung Ju-young is a great giant. He is the father of Korean industry. The 260,000-ton tanker was built without any experience. ua-cam.com/video/gT3vSBJIfbM/v-deo.html
Success of Korean shipbuilding industry is great inspiration to other developing countries. With right mix of ambitious and visionary businessmen, government policy, and hardworking people, they archived great feat, unthinkable for small, poor developing country, 70's South Korea '. Kudo to Korean people. Shipbuilding is one of the most complex industries to master and succeed. It takes well-coordinated endeavor of whole national industry, even for large country. Shipbuilding itself is no so profitable business due to pierce international competition, but mastering such complex feat can lead to competitiveness on other complex advanced industry like car manufacturing and semiconductor industry, important gateway for developing country to advance to developed country. Hyundai conglomerate succeeded in all three industries, Hyndai shipbuilding, Hyndai automobile, Hyndai steel mill, and former Hynix semiconductor, though Hynix is sold to other Korean conglomerate. Hyundai even make modern main battle tank, K-2 Black Panther, exported to Poland recently.
My great grandfather founded a shipyard. It was the first of it's kind in The Netherlands: producing inland fishing vessels out of steel. The shipyard grew and grew until it's final demise in 2012. From what I gathered, the most important factors for the succes (or failure) of a shipyard are technology and market. We see the weight of shipbuilding shift from continental Europe to the UK to the USA to Japan to South-Korea and now to China, whenever there's a technological breakthrough and a shift in market. Our shipyard fared well, because the Japanese didn't bother themselves with European inland vessels and the Eastern-European steel mills (and their cheap labor) was safely behind the Iron Curtain. This all changed when the Chinese gotten technology from the Japanese (and improved it) and saw that there's a market for ships to ply the far-flung European rivers. There's no turning back. I often hear policymakers mumble about 'the good old days' and bringing shipbuilding back to Europe. But the gap in technology and knowledge is as large as saying that Europe should be having their own TSMC. Literally. I hear the French and the Danes are making strides, but they asked the Koreans to teach them modern shipbuilding. But unless they also improve and innovate something new, they'll be losing the torch of shipbuilding to another one. Last I heard is to look out for Vietnam.
As somebody working in a European shipyard I would say that the Europeans are still ahead of the chinese in technology, not by much are still ahead. Biggest factor is the price, if you can get the same product with a 2/3 of the price from china then the choice is quite obvious especially in ships where you cannot add much value(high tech), such as tankers, container ships or those small fishing vessels. The more complex you go the better for Europeans. Theres still plenty of marine design houses in the EU which also operate in china and some of the biggest maritime equipment makers are from the EU area (Wärtsilä, MAN, ABB, Kongsberg, EVAC) so the knowledge is still here.
@@bisonbro7 The Chinese started building inland vessels for Europe, as soon as the European ship brokers realized that Chinese inland barges have similar (and sometimes better) specs as the European ones. Add to that that the Chinese are building these on a large assembly line, where every day a new one is launched. So they literally buy them in bulk and ship them over to Europe for fitting the engine, wheelhouse and furnishing the living quarters. Some countries even gave shipowners subsidies to swap their old barge for new ones (in the shipping industry often lovingly called "floating Chinese take-out containers").
@@dudigi The more complex, you design it in Europe or Japan, and have it build in South-Korea. See Allseas Pioneering Spirit for instance. I don't see the Chinese catching up to the Koreans or the Europeans, but they're at it at a breathtaking speed (if you would've told me 30 years ago that most of the inland barges in Europe will be made in China, I would've laughed at you). Or even: have the hull build in South-Korea and then take it to Europe for fitting the equipment. The longest Dutch slipway is 120 metres, I mean, who ever wants a ship longer than 120 metres?
Doesn't make sense if Danish shipyards should seek advice in China. AP Møller, owner of world's largest shipping company build world's largest container vessels in his own Shipyard. One of the last and most modern shipyards in Europe. Danish shipbuilding expertise is state of the art...
Knowing SoKo no longer compete against cheaper Chinese competitors, they've invested in more sophisticated and higher end of LNG power and LNG transporters from Cargo & merchant ships. SoKo only produce cheaper cargo & merchant ships for domestic consumption and earns more from value added service export from servicing the ships including naval ships and now making naval ships and investing more onto green energy transporters beating Chinese competitors. SoKo knows their ship building won't last long, so they're already trying to downsize and utilize robotics and absorbing more European ship companies and engineers for more sophisticated ships.
What a wonderful video to see while i cook in my Hyundai™ electric oven, which i brought home in my Hyundai Motor Company™ Santa Fe and was shipped via Hyundai Merchant Marine™ in a ship built in the Hyundai Heavy Industries™ shipyard that was constructed by Hyundai Engineering & Construction™.
Commercial and military vessels are crucial in trade and commerce, and I hope Korean govt strives to higher quality shipbuilding and better safety standards. Also Koreans should try to produce as many Korean captains/crew as much as we produce ships - like how Korean fishermen used to dominate Atlantic fishing industry in the 1980s.
The insights, and knowledge gain to be found in this channel are always a sure thing for me. But your classification of RMS Titanic is the first bust a gut laugh I've hit. Nice one.
Psst. Quay is commonly pronounced "key" One of those words that made me go "what? How do you get that?" when I first heard it used by folks that live near Lonsdale Quay.
i talked to captian who delivered from both korean and china shipyard.. South korean even it cost significantly more then compared to china..their quality of ship is way better which justify the price
When I ask our company representative to justify why we choose Japan over Korea. Japan quality workmanship compare to Korean was their reason opt for Japan, furthermore small 1 or 2 order was not much difference in term of price over quality
@@Ukit50 yeah something japan has an edge over korea .. but something korea has the edge instead.. usually the company who commission the vessel get to option to decide what they want installed and shipyard will accommodate even some part are not from that shipyard .. but ya top 8 shipyards are in japan , Korean , china .. japan and Korea cant slack or might loose it edge over time to china
@@ivanhere6292 Japanese shipbuilder has no choice, they had to form JV with Chinese builder to keep them survive though they have to impart they skill and technology over to China. China had no choice but to accept Japan partnership to acquire knowledge especially very large crude oil tanker and LNG tanker. Korean competitive price is the giant killer to Japan ship builder and China relative cheaper price gave them an edge over Korea.
@@Ukit50 Yeah that is competition. the country can help to ease or gain some advantages but ultimately it is the company's responsibility to understand its current standing in the marketplace and strategize accordingly to close the sale and get the business ..at the end the customer benefits from all this competition
@@ivanhere6292if quality standards are ignored, as often seen with Chinese products, customers and environment will pay a high price! I've stopped buying Chinese products, and have the impression it's a growing trend.
While East Asian shipbuilders dominate cargo ships, European shipyards still dominate the more specialised cruise ship and large ferry segment. Other countries with expensive labour control their own niches as well, such as the two Australian companies that have a monopoly on the big 40 knot catamarans that carry trucks, cars, and 1000+ passengers. So it's not as simple as saying East Asia builds the most ships, there are quite a few segments where they have no presence at all.
It is amazing how the USA, UK (and some Europe big powers) deindustrialized knowingly, and even collaborating in it many times. The rust belt, loss of most manufacturing jobs, the deserted and bankrupt Detroit (all in USA). It seems the only industry which is still not outsourced is the military industrial (and political) complex, for which USA citizens forcedly pay a fortune in taxes for a little elite to benefit. USA military size, spending, amount of overseas bases and covert operations are obscene. Very good adaptability skills from South Korea, absorbing ships not sold because of the 1973 oil crisis. Best wishes.
Though, in terms of the Aerospace and Defnse industries, there have been some serious consolidation efforts for several decades that have only settled down in recent years after the turn of the century. It's also a more complex matter linked to national security where outsourcing is a definite no-go. Also, more than anything, it's such a cutting edge high-tech field that it can sustain itself despite the high labor costs and as you've pointed out, that mainly because it's a government-funded industry. Though in the same time I wouldn't necessarily call them subsidies since there are some subtle differences to an average subsidy and the goods and services provided by the MICs.
@@MyeongKyo.S Consolidation efforts like Boeing merging with McDonell Douglas, that end in scandals like the Boeing 737 MAX scandal. I'm not convinced it is really beneficial for society. USA has crisis because of political corruption on so many fronts today. Best wishes.
Japan protected many strategic industries and lost leadership on many since 1990. Semiconductor, automobile, steel, ships, electronics. So not so sure. Best wishes.
@@ajax700 The JP GDP/capita is still rising tho, because the "per capita" is falling. The "Joe Studwell" thesis of the OP is alive and well. One reason: after you get big enough, economies of scale means that even if you're not that efficient or superior, people will come to you anyway. The old "Microsoft OS vs Unix" or "Betamax vs VHS" format argument.
Tiny Denmark became world leading in development, manufacturing and construction of Wind Turbines and Offshore Windparks with government subventions. Today it is all independent business, creating huge profits economical and societal. You can observe the benefits from this business all over the world ...
I’m an avid fan and love your videos. One minor point ‘quay’ isn’t pronounced as kway, it’s spoken the same as ‘key’. I know, weird, it comes from French.
Good video. Though there are some very interesting topics regarding Korean Shipbuilding not covered in this video, such as the deep struggles in the 2010s and recent resurgence fueled by LNG, the limitations of Korean shipbuilding, etc which I think are very important in explaining Korean shipbuilding industry... Maybe a future video topic?
We must thank such high quality videos!! In the order of Europe and the United States → Japan → South Korea/Taiwan → China, we are just doing world-scale slash-and-burn agriculture in each field (steel manufacturing, ships, home appliances, semiconductors, etc.). When the harvest decreases, the leading role is replaced. Sadly, all that is left is a burnt field.
That's capitalism: pick first the low-lying fruits, then, hopefully, an educated workforce will do better in the next generation. BTW do you know how Amazon rainforest people treat the environment? Like sh it. They slash and burn, they spoil the fields, they defecate in mountain streams, they loot the environment. So why do they get away with it? Because there's so few of them, the "carrying capacity" of the rainforest can support such destructive behavior. But when there's 8 billion people on earth, you have to be more responsible.
What do you mean? Spill over effect plays a role in shipbuilding like other industries. After closing the Danish shipyard which build those days world largest container vessels for AP Møller, they created alternative occupation in production and maintenance within Offshore and Wind turbine business. You have to embrace new technologies instead of clinging to past possibilities.. Perhaps the MAGA fanatics should have inspired megalomaniac Orange Man likewise, instead of stupidly bragging about long past possibilities in outdated Coal industry? 🤷🏼
The video touched upon but didn't elaborate on two things: (1) The Korean industrial workforce as a whole is getting older and expensive. Korean shipyards now routinely employ welders and other workers from SE Asian countries such as Vietnam, on working visas because young Koreans don't want to do such work and (2) every country (UK, USA, etc) that used to have a domestic shipbuilding industry has followed the same cycle of increasing government subsidies to prop up domestic industries in the face of fierce foreign competition, only to eventually throw in the towel after realizing it was a useless endeavor. The US does have the Jones Act to preserve a minimal amount of domestic commercial shipbuilding capacity, though. Also, the USA will always retain its military ship building capacity.
1974 - over 28,000 ship orders placed? I had no idea. I didn’t even think there were than many in existence! When describing the industry, is your use of ‘we’ telling us something about you?
i wish my country can follow on the footsteps of the korean shipbuilding industry. my country is also an archipelagic country surrounded by water on all sides. the infrastructure issues or the lack of infrastructure are also due to the difficult geography
Obviously it's either Phillippines or Indonesia. But I suspect Phillippines since they are the most Christan country in that region and wish they were like the non-converted countries (China, Korea, Japan, Vietnam, Thailand).
@@xXxSkyViperxXx When I see at the countries of South America, Sub Saharan Africa and South (East) Asia, I see incompetence. When I look at countries which were not colonized like Iran, they are very Industrialized and self sufficient. Their countries are clean and they have low crime rates. Countries which were colonized by Japan received a heavy dose of Industrialization and literacy rate too. China was Fortunate that it was united when Europe was on a colonizing spree otherwise it would probably be a Christian shithole too.
@@xXxSkyViperxXx Thailand was not colonized. Myanmar, Laos, Cambodia and Vietnam were. Compare Thailand to these countries. Which countries look richer?
Though Shipbuilding is also more labor intensive and plays as much a role in employment despite lower or negative turnovers. There's a reason South Korean government kept companies like DSME afloat for several years with huge amounts of subsidies. Though now we'll see how it goes since they're finally acquired by Hanwha and are possible of making a profit with growing LNG market.
Thanks but the general rule of thumb in English is to pronounce a word as you read it. That's why there's no accent marks in English. So Key West, FL is pronounced as "Key" not "Quay". How do you pronounce Niger, Africa? "Ney-ger". Same with "Quay", it's Key. And so on. Thumbs up if you lerned something.
American ship building is struggling. Which means our navy isn't getting the ships it needs. Since South Korea is a treaty ally, I wish we would contract with Korean firms to build US Navy ships. They'd be better, cheaper, and we'd get more of them sooner.
Not really. The Navy doesn't have the money to buy more ships per year than they already are and building military vessels and commercials ships aren't 1:1. The US is still the leader in military shipbuilding technology.
I mean, is it? I work in a shipyard building Oilers (amongst other things but oilers for now) for the US navy. These are 300+ million dollar ships and the navy just ordered 20 of them. And these are just support vessels. And no, dont get the Chinese to build US navy ships lol, the Chinese navy is mostly made up of 1970s era US ships that were sold off at the end of their american service life (the current old fleet oilers are doomed to this as well). In addition to the fact that US navy vessels have to be made in the us, from parts sources entirely within the US. This is standard for all defense industry projects, all in country, in house.
quay is generally pronounced as in key? Well, it is around these here parts anyway. And Lithgow is generally pronounced lith go as in Glasgow which is pronounced Glaz go where z as in Zimbabwe. This guy can't pronounce it either but there are loads of Scottish in his comments section to. ua-cam.com/video/yK_aURwK57o/v-deo.html Anyway, great channel, keep up the good work!
US Shipbuilding has LESS market share that the one of Poland or even of Nigeria, so waht does this tell us about the 'domination of the seas' according to Mahan in respect of the 'Old and new Superpowers' in the world?!
i will never understand how you push out this many high quality videos this fast
I think he has some ai chained to the pc in a dungeon somewhere by
Meth, it's what's for dinner...
Interns
He’s man of focus, commitment, and sheer fkn will
He is a robot!
The shipyards themselves are also some of the most insane and underrated infrastructure projects out there, the massive drydocks, cranes, and assembly/mfg buildings required are nuts
Oh yeah, even old school sliding ways and floating drydocks are insanely huge. And that's ignoring just yard space! Modern ships are built in blocks then assembled together into a hull, and those blocks and the steel and weld yards that feed them take up miles.
True. I'm a bit disappointed how he left out some more details on the difficulties those arised while Hyundai built their first shipyards for example. It's such an interesting story.
@@MyeongKyo.S what were some of the problems hyundai faced?
any shipyard is quite an operation . the most complex ship to make or repair is naval or cruise ship..
@@blyat7276 There is no cruise ship. And they should pay LNG ship 5% royalty to French engineering company ''GTT''
So there is low net income. And ship heavy industries are threaten by chinese companies.
So there is dismal future.
This is a depressing part of my family history. I was born in Sunderland, UK, at one point the largest shipbuilding town on the planet. It was in final decline in the 1980s when I was growing up. One more industry that collapsed at that time. The Japanese and then the Koreans ate our lunch.
I’m American but seeing the decline in British ship building hurts for some reason. The British built some absolutely astonishing ships. World class. Now it’s not a player at all. Same can be said here. All we build is naval ships with 4-5 ocean going ships a year. We have a few shipyard acts to strengthen our shipyards and modernize them but it’s still bleak.
@@seanpruitt6801 and we pump billions into military defense of South Korea.
And now Japan and Korea start singking replaced by Lot of China cheap sh1t. So freaking cheap that Netherland and several European shipping companies order from China ship building. But now Order is Stopped. They start looking for other cheap Shipyard that apparently they have found in South East Asia.
@@seanpruitt6801 Even naval shipbuilding can not be continued because of more productive and efficient South Korean naval ships.
@@ROIDDDDD What are you talking about? You think the US Navy is going to hand shipbuilding contracts to Korean shipyards? The South Koreans don’t even have one aircraft carrier.
Interesting! I am a Machinery and Equipment Tester at an American shipyard, we have Korean equipment dealers coming through all the time! The vendor representatives almost always bring Soju as a gift, but as drinking is absolutely not an acceptable part of work culture here so my senior engineer has a closet full of dozens of bottles collected over the years, though rumor is the higher ups raid it when we are all out on sea trials!
We install a lot of Korean build equipment and from experience I can say it is all strong and reliable but also about as cost cut as physically possible. Davit hoisting wires dont come on spools, they come in a sack. If a support bar can be made of a bolt welded in place, it will be. And if you didnt specify you need all accessories included with each unit rather than one for an order of dozens you wont get them!
I dont mean that in a negative way, it is always fit for purpose and I admire the savings.
Though I do hear many dark rumors from our representatives that visit the korean yards. I have never visited myself, but it is very, very commonly stated that those shipyards wouldn't exactly meet US OSHA standards, far from it. But it is probably cheaper.
well, that's why all the factories left USA, to countries where there is no OSHA.
Steve Jobs was no dummy.
so they come with cost advance due to the standards...i think they should be dropped to be able to compete
@davidjacobs8558 I mean you say that, we still have massive shipbuilding infrastructure here stateside, the yard I work at (which is not the only shipyard in town) has nearly four thousand employees all quite well covered by OSHA.
Sacrificing safety standards is a short term benefit as you lose people. Hell, we lose people here but they lose more and the loss of talented and experienced workers will always hurt you no matter how many you think you can afford.
that rumor is 100% true. working at shipyards is Korean equivalent of joining military in US. you might get injured or even killed while working but you make relatively good money. Korea will lose its no.1 spot pretty soon because of lack of skilled workers and increased reliance on foreign workers. that's exactly how Japan lost its no.1 spot years ago.
Why doesn't the senior engineer take the Soju home?
FYI “quay” is pronounced “key”. It’s one of those strange old words.
You beat me to it.
It is a stupid spelling. Apparently it's the old word for sandbank but the sandbank spelling is 'key' as in 'Florida keys'.
I learned this the hard way when I was on vacation in Ireland. I'm looking for the "quay"... why to people keep telling me about the "key"...? ;-)
If I may I'd like to suggest a couple of video ideas.
-S.Korean economic policy from Rhee govt till Park Chung He's death.
-Samsung Electronics's rise and their early struggles(especially what compelled them to be export focused)
Also
- Different policies and tools employed by PRC after Deng's decision to open up and their effects on China's economic and technological capabilities.
- Why India's Planning commission failed while it Planning bore fruit in places like Taiwan, S.Korea, France and China.
I feel like you are the only serious youtuber who'd have any interest in these topics.
They are broad and long but very intriguing.
Again these are just suggestions. hope you might at some point in the future see this and decide to do a video on atleast two of them.
Korea's KAI (Korea Aerospace Industries) would also be an interesting topic
India planning failed because most of our intelligent engineers went to US and Europe, as they used to get lucrative offers from NASA and other space agencies, Investment banks. Literacy rates were not that high all these years. Government took communism learnings by restrictions on private investment and expansion which further decreased available savings and Public sector companies didn't run efficiently like Kirutsus of Japan, or chaeboi of korea. Added had to considerably millitary spend to wars with 6 wars with Pakistan where pak got funded by American but India was alone on own resources. Also only few leaders propagate importance of scientific education, democracy coupled with poverty always lead to focus on money getting diverted to schemes for poor rather than infrastructure building. China like communist revolution happened in many parts of india where private business was brutally crushed. Most of population was not nationalist to work for country like in korea Japan Singapore, Russia supported us but also kept check that we don't outsmart them thru KGB by funding communist leaders who showed loyalist to stalin more than their own land. business centric Dictatorship where dictator feel chaebois business as own, running whole country like an enterprise instead of what democracy reduced it to vote and forget, support of US, Capitalism, citizen discipline and nationalism made them what they are today not planning.
"my fourth favorite metal ship with the letter i in its name"
Your snark does not go unappreciated.
Snark? Maybe he's just a wine snob
@@anonymousAJ I don't get the pun
The Titanic, reminds me of my third favorite ice cube tray lol.
Thank you for great video Asianometry! It's awesome to see more Korean subjected videos.
Recently Korean Ship building industries are suffering from lack of manpowers because foreign wokrers were left during Covid-19 and could not replenished by domestic workers because of low payment which was sufficient for foreign workers. Also domestic workers were got wage froze(some of them are earlyer than Covid-19.) and not been resolved yet. So shipbuilder has been not very attractive job in South Korea.
Luckily Korea has a large support industry that seems to do extremely well, US civilian ships use tons of Korean davits (small limited functionality cranes that are all over most ships), ladders and heavy electric motors all used in shipyards all around the world! The motors in particular get adapted into a lot of things, even some european and US manufacturers building things like Capstans say they arent a Korean company but once you pull the covers, korean motor! They work great too.
Apart from the wage problems there's also the problem that there are massive alternative job opportunities elsewhere in South Korea. Skilled welders for example are hired massively at the constructions sites of gigantic Samsung fabs under construction at Pyeongtaek. Since they are way better paid than in shipyards, it's a nobrainer that they are leaving for better jobs. Marine engineers are also leaving to growing aerospace sector like that of KAI, which is undergoing some major defense related programs, since the fluid dynamics and structural mechanics are very similar.
As a spoiled korean engineer working in office with full a/c with sorta wlb concept, i can not imagine how those 70's engineers built shipyard and ship together from nothing w/o any experiences w/o computer w/o googling. I feel current generation IQ is lower than those badasses.
They are. Google "Reverse Flynn Effect".
The growth of the Korean economy in the 1960 through the 80s was built on a fast-follower model, with rapid absorption of technology and processes already developed overseas. The challenge facing the Korean economy now is to develop the NEXT generation of industries and tech, without knowing what it will be. In some ways, that's as much of a challenge as what faced Korean engineers in the old days.
Laughed out loud when he refused ship delivery so the Chebol just said, "We will do it ourselves."
It is well known to Koreans that in the 1960s, Ju-Young Chung, the founder of the Hyundai group, won ship orders from Europe when he did not have any shipyard. He showed a field in Korea to the buyers and said, "We will build the shipyard here to make your ship”.
2 things: (1) you must work like HMM to upload this much quality and (2) the “stay afloat” line to close out the script was a nice touch; always enjoy the content!
So that's how my uncle, who was a naval engineer working for the main Basque shipyard, Euskalduna, lost his job: while Korea heavily subsidized their industry, here the slogan was exactly the opposite: dismantle state industry... Now we're little more than a tourist destination. Sad.
Policies always have a human side, consequences.
Quién sabe si la tan hablada división internacional del trabajo realmente funciona con tanta corrupción y mercados intervenidos.
Los gobiernos recientes de España se parecen demasiado a Venezuela y Argentina, una pena.
Quizás no es tan malo cerrar empresas que administradas por políticos corruptos las pagará carísimo el contribuyente.
Quizás se podían privatizar eficientemente. Quien sabe.
Abrazo.
Why is it sad? Profit margins on tourism are probably like that of software, 50% or more. Profit margins on shipping (especially with state sponsored China as a competitor) I bet are less than 10%. Better to dress up in traditional garb and play the mandolin for dumb American tourists with lots of money to burn?
Dismantle state industry only help the rich, that is what is happening around the world.
@@jxmai7687nonsense, everyone knows communism doesn't serve anyone in the long run!
If you can't compete, upgrade or develop other areas!
So what? Did you ever work in this tough production, most likely not! How outworn were you're father and his colleagues?
No reason for romanticism!
If you can't compete, upgrade or develop other business areas.
How about recognising the tremendous positive impact Guggenheim Museum had on Bilbao, practically nothing but wasteland ...
2:18 "and here is where the Koreans come in" video interrupted by a Kia ad 😂
Dae Sun shipbuilding and Mirae shipyards have to be my favorite Korean shipbuilders, Dae Sun's ferries are incredible, especially the 3 160 meter ones built for Hanil and its subsidiaries, and as for Mirae they make good small sized ferries (many of which have been sold abroad to places like the Philippines, Indonesia, and India)
Thanks for another great video.
Looking forward to the Saturday meetup!
In Korea , the population is large and the farmland area is too small, so the country can operate only when the industry is developed. Wheat and corn depend mostly on imports. There are too few resources and most of them rely on imports of oil, gas, and coal. Even if there was no domestic demand, we had to make something and export it. Agriculture is necessary, but not much labor. One tractor replaces 200 workers. Steel mills were being built and steel was pouring out. Something had to be made and exported. The shipbuilding industry was the source of demand for millions of tons of steel. At that time, Korea had a lower national income than the African average. Chung Ju-young is a great giant. He is the father of Korean industry. The 260,000-ton tanker was built without any experience. ua-cam.com/video/gT3vSBJIfbM/v-deo.html
I never thought I’d see a picture of my house in a video on Korean Shipbuilding 😮
Success of Korean shipbuilding industry is great inspiration to other developing countries. With right mix of ambitious and visionary businessmen, government policy, and hardworking people, they archived great feat, unthinkable for small, poor developing country, 70's South Korea '. Kudo to Korean people. Shipbuilding is one of the most complex industries to master and succeed. It takes well-coordinated endeavor of whole national industry, even for large country. Shipbuilding itself is no so profitable business due to pierce international competition, but mastering such complex feat can lead to competitiveness on other complex advanced industry like car manufacturing and semiconductor industry, important gateway for developing country to advance to developed country. Hyundai conglomerate succeeded in all three industries, Hyndai shipbuilding, Hyndai automobile, Hyndai steel mill, and former Hynix semiconductor, though Hynix is sold to other Korean conglomerate. Hyundai even make modern main battle tank, K-2 Black Panther, exported to Poland recently.
Longbottom a true sailor's name
His wife were famous as Longbosom, but thats another story
Early in the morning in Australia and this video drops. Good way to start the day👍
Then it would be early morning in Taiwan as well, where Jon is located.
Such a great source of information... thank you for making this historic review.
My great grandfather founded a shipyard. It was the first of it's kind in The Netherlands: producing inland fishing vessels out of steel. The shipyard grew and grew until it's final demise in 2012.
From what I gathered, the most important factors for the succes (or failure) of a shipyard are technology and market. We see the weight of shipbuilding shift from continental Europe to the UK to the USA to Japan to South-Korea and now to China, whenever there's a technological breakthrough and a shift in market. Our shipyard fared well, because the Japanese didn't bother themselves with European inland vessels and the Eastern-European steel mills (and their cheap labor) was safely behind the Iron Curtain. This all changed when the Chinese gotten technology from the Japanese (and improved it) and saw that there's a market for ships to ply the far-flung European rivers.
There's no turning back. I often hear policymakers mumble about 'the good old days' and bringing shipbuilding back to Europe. But the gap in technology and knowledge is as large as saying that Europe should be having their own TSMC. Literally. I hear the French and the Danes are making strides, but they asked the Koreans to teach them modern shipbuilding. But unless they also improve and innovate something new, they'll be losing the torch of shipbuilding to another one. Last I heard is to look out for Vietnam.
As somebody working in a European shipyard I would say that the Europeans are still ahead of the chinese in technology, not by much are still ahead. Biggest factor is the price, if you can get the same product with a 2/3 of the price from china then the choice is quite obvious especially in ships where you cannot add much value(high tech), such as tankers, container ships or those small fishing vessels. The more complex you go the better for Europeans.
Theres still plenty of marine design houses in the EU which also operate in china and some of the biggest maritime equipment makers are from the EU area (Wärtsilä, MAN, ABB, Kongsberg, EVAC) so the knowledge is still here.
Didn't realise Chinese were building inland vessels for Europe. Tbf most of the high tech state of the art ships are still build in Europe.
@@bisonbro7 The Chinese started building inland vessels for Europe, as soon as the European ship brokers realized that Chinese inland barges have similar (and sometimes better) specs as the European ones. Add to that that the Chinese are building these on a large assembly line, where every day a new one is launched. So they literally buy them in bulk and ship them over to Europe for fitting the engine, wheelhouse and furnishing the living quarters. Some countries even gave shipowners subsidies to swap their old barge for new ones (in the shipping industry often lovingly called "floating Chinese take-out containers").
@@dudigi The more complex, you design it in Europe or Japan, and have it build in South-Korea. See Allseas Pioneering Spirit for instance. I don't see the Chinese catching up to the Koreans or the Europeans, but they're at it at a breathtaking speed (if you would've told me 30 years ago that most of the inland barges in Europe will be made in China, I would've laughed at you). Or even: have the hull build in South-Korea and then take it to Europe for fitting the equipment. The longest Dutch slipway is 120 metres, I mean, who ever wants a ship longer than 120 metres?
Doesn't make sense if Danish shipyards should seek advice in China. AP Møller, owner of world's largest shipping company build world's largest container vessels in his own Shipyard. One of the last and most modern shipyards in Europe.
Danish shipbuilding expertise is state of the art...
Knowing SoKo no longer compete against cheaper Chinese competitors, they've invested in more sophisticated and higher end of LNG power and LNG transporters from Cargo & merchant ships. SoKo only produce cheaper cargo & merchant ships for domestic consumption and earns more from value added service export from servicing the ships including naval ships and now making naval ships and investing more onto green energy transporters beating Chinese competitors. SoKo knows their ship building won't last long, so they're already trying to downsize and utilize robotics and absorbing more European ship companies and engineers for more sophisticated ships.
Gratelly apreciate for the detail insits. Amaizing job.
What a wonderful video to see while i cook in my Hyundai™ electric oven, which i brought home in my Hyundai Motor Company™ Santa Fe and was shipped via Hyundai Merchant Marine™ in a ship built in the Hyundai Heavy Industries™ shipyard that was constructed by Hyundai Engineering & Construction™.
Commercial and military vessels are crucial in trade and commerce, and I hope Korean govt strives to higher quality shipbuilding and better safety standards. Also Koreans should try to produce as many Korean captains/crew as much as we produce ships - like how Korean fishermen used to dominate Atlantic fishing industry in the 1980s.
Korea supplies the ships, and the Philippines supplies the sailors. Imagine if the Philippines floated enough tonnage to employ all their seafarers!?
@@CatFish107😂luckily the quality of Korean shipbuilding are way better than Philippines navigational qualities! 😱😉😅
Wake up babe new Asianometry dropped.
It's 4:30 am let your babe sleep
@@ChadPANDA...4:30am is early enough 🫡
nice vid man
Hello Mr. Asianometry please could you do a video about Japan’s Ministry of International Trade and Industry thank you very much
Love your work...Asianometry is always educational and enlightening...
PS..."Quay" is pronounced as "key"...I know...English, right?
at around 4:30 the image of Busan is actually Long Beach California - you can see the Spruce Goose dome and the Queen Mary 😅
Well, heck, great eye! Dang.
Answer: Robots and AI. Koreans can do both.
The insights, and knowledge gain to be found in this channel are always a sure thing for me. But your classification of RMS Titanic is the first bust a gut laugh I've hit. Nice one.
Psst. Quay is commonly pronounced "key"
One of those words that made me go "what? How do you get that?" when I first heard it used by folks that live near Lonsdale Quay.
Can you explain the Titanic comment?
Lovely subtle accent change at 10:00
Daewoo Shipbuilding was absorbed by Hanwha Group and is now Hanwha Ocean
i talked to captian who delivered from both korean and china shipyard.. South korean even it cost significantly more then compared to china..their quality of ship is way better which justify the price
When I ask our company representative to justify why we choose Japan over Korea.
Japan quality workmanship compare to Korean was their reason opt for Japan, furthermore small 1 or 2 order was not much difference in term of price over quality
@@Ukit50 yeah something japan has an edge over korea .. but something korea has the edge instead.. usually the company who commission the vessel get to option to decide what they want installed and shipyard will accommodate even some part are not from that shipyard .. but ya top 8 shipyards are in japan , Korean , china .. japan and Korea cant slack or might loose it edge over time to china
@@ivanhere6292
Japanese shipbuilder has no choice, they had to form JV with Chinese builder to keep them survive though they have to impart they skill and technology over to China.
China had no choice but to accept Japan partnership to acquire knowledge especially very large crude oil tanker and LNG tanker.
Korean competitive price is the giant killer to Japan ship builder and China relative cheaper price gave them an edge over Korea.
@@Ukit50 Yeah that is competition. the country can help to ease or gain some advantages but ultimately it is the company's responsibility to understand its current standing in the marketplace and strategize accordingly to close the sale and get the business ..at the end the customer benefits from all this competition
@@ivanhere6292if quality standards are ignored, as often seen with Chinese products, customers and environment will pay a high price!
I've stopped buying Chinese products, and have the impression it's a growing trend.
While East Asian shipbuilders dominate cargo ships, European shipyards still dominate the more specialised cruise ship and large ferry segment. Other countries with expensive labour control their own niches as well, such as the two Australian companies that have a monopoly on the big 40 knot catamarans that carry trucks, cars, and 1000+ passengers. So it's not as simple as saying East Asia builds the most ships, there are quite a few segments where they have no presence at all.
Not yet.
4:37 Busan looks an awful lot like Long Beach, California :D
Yep, I saw that too.
Great video! I like the ships and everything around them.
Excellent production 👏 👏 👏
i do like your work. Thank you.
Time code 4:38 is listed as Busan, but picture is Long Beach California.
Really interesting Episode
I love the shipbuilding industry, this video is a real treat, great job!
It is amazing how the USA, UK (and some Europe big powers) deindustrialized knowingly, and even collaborating in it many times.
The rust belt, loss of most manufacturing jobs, the deserted and bankrupt Detroit (all in USA).
It seems the only industry which is still not outsourced is the military industrial (and political) complex, for which USA citizens forcedly pay a fortune in taxes for a little elite to benefit.
USA military size, spending, amount of overseas bases and covert operations are obscene.
Very good adaptability skills from South Korea, absorbing ships not sold because of the 1973 oil crisis.
Best wishes.
They will be destroyed by China Now.
Though, in terms of the Aerospace and Defnse industries, there have been some serious consolidation efforts for several decades that have only settled down in recent years after the turn of the century. It's also a more complex matter linked to national security where outsourcing is a definite no-go. Also, more than anything, it's such a cutting edge high-tech field that it can sustain itself despite the high labor costs and as you've pointed out, that mainly because it's a government-funded industry. Though in the same time I wouldn't necessarily call them subsidies since there are some subtle differences to an average subsidy and the goods and services provided by the MICs.
@@MyeongKyo.S Consolidation efforts like Boeing merging with McDonell Douglas, that end in scandals like the Boeing 737 MAX scandal.
I'm not convinced it is really beneficial for society.
USA has crisis because of political corruption on so many fronts today.
Best wishes.
Shows what you can do with extraordinary government protection.
Japan protected many strategic industries and lost leadership on many since 1990. Semiconductor, automobile, steel, ships, electronics.
So not so sure.
Best wishes.
@@ajax700 The JP GDP/capita is still rising tho, because the "per capita" is falling. The "Joe Studwell" thesis of the OP is alive and well. One reason: after you get big enough, economies of scale means that even if you're not that efficient or superior, people will come to you anyway. The old "Microsoft OS vs Unix" or "Betamax vs VHS" format argument.
Tiny Denmark became world leading in development, manufacturing and construction of Wind Turbines and Offshore Windparks with government subventions.
Today it is all independent business, creating huge profits economical and societal. You can observe the benefits from this business all over the world ...
Hello from Kaohsiung. 😎
Very informative!
thank you . these ships are engineering marvels
Very educational. 👍
5:52 _Quay_ is supposed to be pronounced "key", because English is determined to be the most chaotic language.
0:19 I was expecting to see Greece in top 10.
I’m an avid fan and love your videos. One minor point ‘quay’ isn’t pronounced as kway, it’s spoken the same as ‘key’. I know, weird, it comes from French.
"Drifted towards metal ships" yeah I see what did there.
Good video. Though there are some very interesting topics regarding Korean Shipbuilding not covered in this video, such as the deep struggles in the 2010s and recent resurgence fueled by LNG, the limitations of Korean shipbuilding, etc which I think are very important in explaining Korean shipbuilding industry... Maybe a future video topic?
4:35🤔Do you see RMS Queen Mary? Apparently, that is not Busan ...
I can't even imagine the pain of doing all that work and then the two halves of the ship not fitting
Actually happened.. 😱 On a way smaller scale, but still a painful and expensive mess for the Shipyard.
15:33 That's a picture of the Showa Steel Works in Japanese-occupied Manchuria, during the 1930s.
Cool story.I plan to join cruise industry so this is nice to know...
We must thank such high quality videos!!
In the order of Europe and the United States → Japan → South Korea/Taiwan → China, we are just doing world-scale slash-and-burn agriculture in each field (steel manufacturing, ships, home appliances, semiconductors, etc.). When the harvest decreases, the leading role is replaced.
Sadly, all that is left is a burnt field.
That's capitalism: pick first the low-lying fruits, then, hopefully, an educated workforce will do better in the next generation. BTW do you know how Amazon rainforest people treat the environment? Like sh it. They slash and burn, they spoil the fields, they defecate in mountain streams, they loot the environment. So why do they get away with it? Because there's so few of them, the "carrying capacity" of the rainforest can support such destructive behavior. But when there's 8 billion people on earth, you have to be more responsible.
What do you mean? Spill over effect plays a role in shipbuilding like other industries.
After closing the Danish shipyard which build those days world largest container vessels for AP Møller, they created alternative occupation in production and maintenance within Offshore and Wind turbine business. You have to embrace new technologies instead of clinging to past possibilities..
Perhaps the MAGA fanatics should have inspired megalomaniac Orange Man likewise, instead of stupidly bragging about long past possibilities in outdated Coal industry? 🤷🏼
@@OmmerSyssel You sound intelligent. And your keyboard can make the "ø" character. So you must be European and not a MAGA supporter.
Could you consider doing a video about trucking or the IT boom in India?
12:04 womp womp LOL
Thank you.
Good video
5:50 Just wanted to let you know ‘Quay’ is pronounced like ‘Key’
Very interesting 😊
can you please make a video on Indian Shipbuilding Industries.
Please make a video about Casio
Not seeing Taiwan on the graphic for building ships in the Asia section. Are they included with China?
nope
No footage of the korean ship building mechs and exoskeletons?? I think they call them “man portable cranes”
My fourth favorite ship, with the letter I in its name... The shade has been cast!
@0:54 I think you meant BIG wood.
portsmouth is royal navyl head quarters in hampshire
The video touched upon but didn't elaborate on two things: (1) The Korean industrial workforce as a whole is getting older and expensive. Korean shipyards now routinely employ welders and other workers from SE Asian countries such as Vietnam, on working visas because young Koreans don't want to do such work and (2) every country (UK, USA, etc) that used to have a domestic shipbuilding industry has followed the same cycle of increasing government subsidies to prop up domestic industries in the face of fierce foreign competition, only to eventually throw in the towel after realizing it was a useless endeavor. The US does have the Jones Act to preserve a minimal amount of domestic commercial shipbuilding capacity, though. Also, the USA will always retain its military ship building capacity.
그 반대가 되버렸네~~
12:00 man, I feel bad for them.
Small correction: quay is pronounced “key”
I just noticed that Nigeria is 1.72%, not a big number but suprisingly for such country!
Small correction, 'Quay' isn't pronounced as KUE, it's simply pronounced as key.
Excellent
3:28 You speak of Japan, but that is not a picture of anywhere in Japan... They drive on the left in Japan.
rapid rise and rapid decline.
Quay is pronounced key, as in Torquay
1974 - over 28,000 ship orders placed? I had no idea. I didn’t even think there were than many in existence!
When describing the industry, is your use of ‘we’ telling us something about you?
⚓🚢Ahoy!
i wish my country can follow on the footsteps of the korean shipbuilding industry. my country is also an archipelagic country surrounded by water on all sides. the infrastructure issues or the lack of infrastructure are also due to the difficult geography
What country is that? New Zealand? The Philippines? Micronesia? Or, my favorite, Diego Garcia?
Obviously it's either Phillippines or Indonesia. But I suspect Phillippines since they are the most Christan country in that region and wish they were like the non-converted countries (China, Korea, Japan, Vietnam, Thailand).
@@himanshusingh5214 what does religion have to do with that???
@@xXxSkyViperxXx When I see at the countries of South America, Sub Saharan Africa and South (East) Asia, I see incompetence. When I look at countries which were not colonized like Iran, they are very Industrialized and self sufficient. Their countries are clean and they have low crime rates.
Countries which were colonized by Japan received a heavy dose of Industrialization and literacy rate too. China was Fortunate that it was united when Europe was on a colonizing spree otherwise it would probably be a Christian shithole too.
@@xXxSkyViperxXx Thailand was not colonized. Myanmar, Laos, Cambodia and Vietnam were. Compare Thailand to these countries. Which countries look richer?
are you Asian Wick of youtube 😂😂 you produce a lot of vidz for a short time
Money makes friends out of enemies 11:44
ship industry is huge but semiconductor took 20 % of SKoreas export value (before global decline) and are their biggest chunk
Their refined oil exports are more than Ship.
Though Shipbuilding is also more labor intensive and plays as much a role in employment despite lower or negative turnovers. There's a reason South Korean government kept companies like DSME afloat for several years with huge amounts of subsidies. Though now we'll see how it goes since they're finally acquired by Hanwha and are possible of making a profit with growing LNG market.
Apparently it starts shifting to South East Asia
This just higlights the foolishness of the lack of industrial policy in the west.
I also think my volume is too low whenever I start your videos. Nope, just a delayed intro.
quay is pronounced key
Thanks but the general rule of thumb in English is to pronounce a word as you read it. That's why there's no accent marks in English. So Key West, FL is pronounced as "Key" not "Quay". How do you pronounce Niger, Africa? "Ney-ger". Same with "Quay", it's Key. And so on. Thumbs up if you lerned something.
American ship building is struggling. Which means our navy isn't getting the ships it needs. Since South Korea is a treaty ally, I wish we would contract with Korean firms to build US Navy ships. They'd be better, cheaper, and we'd get more of them sooner.
Not really. The Navy doesn't have the money to buy more ships per year than they already are and building military vessels and commercials ships aren't 1:1. The US is still the leader in military shipbuilding technology.
@@nick21614 Nah. I think the OP is right, more bang for the buck if Newport News or whoever does US shipping had some competition.
You should get them built by China. They will do it cheaper and they have a much larger scope of expansion. Win-Win technique
.
I mean, is it? I work in a shipyard building Oilers (amongst other things but oilers for now) for the US navy. These are 300+ million dollar ships and the navy just ordered 20 of them.
And these are just support vessels. And no, dont get the Chinese to build US navy ships lol, the Chinese navy is mostly made up of 1970s era US ships that were sold off at the end of their american service life (the current old fleet oilers are doomed to this as well).
In addition to the fact that US navy vessels have to be made in the us, from parts sources entirely within the US. This is standard for all defense industry projects, all in country, in house.
Difficult business to make a profit.
quay is generally pronounced as in key? Well, it is around these here parts anyway. And Lithgow is generally pronounced lith go as in Glasgow which is pronounced Glaz go where z as in Zimbabwe. This guy can't pronounce it either but there are loads of Scottish in his comments section to. ua-cam.com/video/yK_aURwK57o/v-deo.html Anyway, great channel, keep up the good work!
"Quay" and "key" are indeed homophones. That's a tricky one.
🍿
US Shipbuilding has LESS market share that the one of Poland or even of Nigeria, so waht does this tell us about the 'domination of the seas' according to Mahan in respect of the 'Old and new Superpowers' in the world?!
Thank your corrupt Unions.
Well, they are famous of building turtle ships..
Even though Korean ship building industry is dominating, still most of the profits go to European companies who hold crucial patents.
Korea doesn’t dominate shipbuilding market. It’s China which gets 49% of the total shipbuilding orders in 2022.
@haha-eg8fj Yes by the number of ships, but not by tonnage.