Market Report - Shipyards in China, Singapore, South Korea 2025

The China, Singapore, South Korea Market Report - Shipyards provides a comprehensive overview of the shipyard markets in these three countries, highlighting their significance as top export destinations for Norwegian shipbuilding suppliers
The report includes detailed insights into the current state of global ship orders, with South Korean and Chinese shipyards leading in terms of order volume and hand-held orders. Additionally, it discusses the opportunities and challenges faced by shipyards in Singapore, South Korea, and China, emphasizing their roles in offshore and marine engineering, shipbuilding, and innovation.

China's shipbuilding sector includes three major shipyard bases and is projected to fabricate approximately 70% of global FPSO projects by 2025 10.

Singapore is recognized as a leading hub for offshore and marine engineering, driving innovation in energy, defense, and sustainable maritime solutions. The report highlights significant opportunities for suppliers of equipment, technology, and services to collaborate with industry giants on high-value projects.

South Korea's shipbuilding industry has been actively working to secure high-end shipbuilding technology, develop eco-friendly ships, and expand into new business areas. Despite labor shortages, 2023 and 2024 were a boom for South Korean shipyards, particularly in LNG carriers, LPG carriers, containerships, and product carriers.


The report also discusses the opportunities and challenges faced by shipyards in these countries, emphasizing their roles in offshore and marine engineering, shipbuilding, and innovation. Singapore offers significant opportunities for suppliers of equipment, technology, and services to collaborate with industry giants on high-value projects. South Korea's shipbuilding industry has been actively working to secure high-end shipbuilding technology, develop eco-friendly ships, and expand into new business areas. China's offshore shipbuilding industry faces challenges in areas such as engineering design, high-quality product delivery, and experienced services, presenting valuable opportunities for Norwegian suppliers.

Please note that NORWEP China, Singapore, South Korea Market Report is only available to our partners.

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