Global Business Organizer
HYUNDAI CORPORATION
May 13, 2009
Presented by : Noh, Young Don /
President & CEO
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l. Overview of Global Industry
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1. Market Status
90 Mil
Million CGT
11,793
World
Contracting CGT
90
80
11,000
10,000
9,000
8,000
70
Baltic Dry Index
60
BDI Index
50
7,000
45 Mil 6,000
40
5,000
Global
Financial Crisis
Decrease in
Cargo Transportation
4,000
30
3,000
20
2,000
1,000
10
‘96
‘97 ‘98 ‘99
‘00 ‘01
‘02 ‘03
‘04 ‘05
‘06
‘07
Recession in
Shipping/Shipbuilding
Market
’08 ’09
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2. Impacts of Financial Crisis
[ BANK ]
Global Financial Crisis
Money
Shipowner’s
Financing Difficulties
Ship Builder’s Difficulties
● Cancellation of the Order
● Delay of Payment
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ll. Shipbuilding in Korea
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1. Market Share : Order/Backlog
New Orders Received
Korea
40.4%
Others
59.6%
Backlog Orders
Korea
36.1
%
Others
▪ USD 43.1 Billion
(10% of Total Export
in Korea)
▪ 507 Vessels Delivered
in 2008
▪ Over 110,000 employees
in Shipbuilding
63.9%
Source: SERI world Industry Report (2008)
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2. Top Ten Shipyards in the World
- Seven Korean shipyards rank on the list
Rank
Shipyard
Country
Production Output in 2008
No.
CGT
(1,000)
DWT
(1,000)
1
Hyundai H.I
Korea
96
3,777
8,968
2
Samsung H.I.
Korea
51
2,470
5,257
3
Daewoo SB
Korea
41
2,361
5,536
4
Hyundai Mipo
Korea
70
1,543
2,896
5
STX Shipbuild.
Korea
49
1,144
2,642
6
Hyundai Samho
Korea
28
1,084
3,538
7
Dalian Shipbld. Ind.
China
31
797
2,576
8
Jiangnan Changxing
China
4
112
628
9
Jiangsu Rongsheng
China
5
97
376
10
Sungdong S.B.
Korea
17
328
1,108
Source: Clarkson World Shipyard Monitor, April 2009
Note: Based on CGT(Compensated Gross Tonnage)
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3. Comparison of Shipbuilding Technology
Design
Production
Management
Korea
Japan
China
Basic Design
100
100
85
Production Design
100
95
65
Cutting and Welding
100
100
80
Outfitting and Assembly
100
100
70
Production Management
100
100
60
Human Resource Management
100
100
65
Source: Korea Institute for Industrial Economics and Trade
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lII. Shipping in Kazakhstan
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1. Oil Production and Transportation in the Caspian Sea
(Million tonnes)
Oil
Production
Oil
Transportation
2010
2015
Kazakhstan
100
144
Azerbaijan
67
57
Total
167
201
Pipeline
137
155
Caspian Sea
30
46
Source: Energy Security in Caspian Basin (2005)
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2. Major Shipping Companies in the Caspian Sea
(Number of Vessel)
Company
Tankers
General Cargo
Others
Total
Kaspar
(Azerbaijan)
41
26
9
76
Khazar
(Iran)
4
10
0
14
KMTF
(Kazakhstan)
6
0
0
6
Total
51
36
9
96
Offshore vessel (Tug, AHTS, Supply vessel) excluded
Source: Consultant Estimates, Kazakhstan Ship Repair Yard (Nico-Kazmortransflot)
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3. Grounds for Developing Shipbuilding Industry
1
Huge Demand for Oil /
Gas Transportation
2
Ship Repairing Yard
for own fleet
3
Development of
Related Industry
Caspian Sea
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IV. Mutual Cooperation
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1. Motivation for Cooperation
1) Why Kazakhstan ?
Proactive Response to
Ever-changing Market
Needs for
Searching
New Market
(Caspian Sea)
Diversifying
Market Portfolio
15
2) Why Korea ?
Moving faster
In Shipping Industry
Growing
Logistic Demand
Necessity
For Ship-repair
& New-building yard
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2. Fields of Cooperation
Financing Support
Supply of
Newbuilding Vessel
COOPERATION
Design / Technology
Expertise
Consulting For
Shipyard Construction
17
3. Prospectives for the Long term Cooperation
Collaboration between
Two Fast-growing Nations
Supporting with
World Best Shipbuilding
Technology
Multi-layered
Partnership
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MOU SIGNED
19
Thank you
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