Listed shipbuilders and constructors in South Korea saw a switch of fortunes in regard of their order intake last year.
The Korea Exchange (KRX) revealed on February 20th that a total of 234 sales/supplies contracts reported in regulatory filings by 108 companies listed in the securities market had reduced to KRW 81.63trn ($72bn) in 2011, down by 14.15% year-on-year.
Contracts made by shipbuilding-related industry rapidly increased by 64.77% to KRW 29.25trn, while those from construction-related industry decreased by 45.51% to KRW 17.68trn.
Overall export contracts declined by 27.09% to KRW 56.74trn, while domestic contracts grew by 44.18% to KRW 24.89trn.
Shipbuilding's export and domestically made contracts rose by 62.2% and 168.8% each, however, construction went down by 54.64% and 17.55%.
Daewoo Shipbuilding & Marine Engineering contracted overall KRW 12.26trn, followed by Samsung Heavy Industries (KRW 11.38trn), Korea Gas Corporation (KRW 10.22trn), etc.