The Rapid Rise of Korean Shipbuilding

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Пікірлер: 344

  • @sierra991
    @sierra991 Жыл бұрын

    i will never understand how you push out this many high quality videos this fast

  • @hayer70

    @hayer70

    Жыл бұрын

    I think he has some ai chained to the pc in a dungeon somewhere by

  • @cv990a4

    @cv990a4

    Жыл бұрын

    Meth, it's what's for dinner...

  • @JewFroBro

    @JewFroBro

    Жыл бұрын

    Interns

  • @AllocatorsAsia

    @AllocatorsAsia

    Жыл бұрын

    He’s man of focus, commitment, and sheer fkn will

  • @alexo6960

    @alexo6960

    Жыл бұрын

    He is a robot!

  • @sevrent2811
    @sevrent2811 Жыл бұрын

    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

  • @ericsteenbergen9470

    @ericsteenbergen9470

    Жыл бұрын

    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.

  • @MyeongKyo.S

    @MyeongKyo.S

    Жыл бұрын

    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

    @blyat7276

    Жыл бұрын

    @@MyeongKyo.S what were some of the problems hyundai faced?

  • @ivanhere6292

    @ivanhere6292

    Жыл бұрын

    any shipyard is quite an operation . the most complex ship to make or repair is naval or cruise ship..

  • @user-bk2zk6rq2b

    @user-bk2zk6rq2b

    Жыл бұрын

    @@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.

  • @jasejj
    @jasejj Жыл бұрын

    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.

  • @seanpruitt6801

    @seanpruitt6801

    Жыл бұрын

    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.

  • @fensoxx

    @fensoxx

    Жыл бұрын

    @@seanpruitt6801 and we pump billions into military defense of South Korea.

  • @andanandan6061

    @andanandan6061

    Жыл бұрын

    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

    @ROIDDDDD

    Жыл бұрын

    @@seanpruitt6801 Even naval shipbuilding can not be continued because of more productive and efficient South Korean naval ships.

  • @capmidnite

    @capmidnite

    11 ай бұрын

    @@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.

  • @ericsteenbergen9470
    @ericsteenbergen9470 Жыл бұрын

    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

    @davidjacobs8558

    Жыл бұрын

    well, that's why all the factories left USA, to countries where there is no OSHA. Steve Jobs was no dummy.

  • @havencat9337

    @havencat9337

    Жыл бұрын

    so they come with cost advance due to the standards...i think they should be dropped to be able to compete

  • @ericsteenbergen9470

    @ericsteenbergen9470

    Жыл бұрын

    @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.

  • @Daydream2142

    @Daydream2142

    Жыл бұрын

    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.

  • @magnetospin

    @magnetospin

    Жыл бұрын

    Why doesn't the senior engineer take the Soju home?

  • @RaphaelChenault
    @RaphaelChenault Жыл бұрын

    "my fourth favorite metal ship with the letter i in its name" Your snark does not go unappreciated.

  • @anonymousAJ

    @anonymousAJ

    Жыл бұрын

    Snark? Maybe he's just a wine snob

  • @schwinn434

    @schwinn434

    Жыл бұрын

    @@anonymousAJ I don't get the pun

  • @JackWse

    @JackWse

    13 күн бұрын

    The Titanic, reminds me of my third favorite ice cube tray lol.

  • @alexanderphilip1809
    @alexanderphilip1809 Жыл бұрын

    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.

  • @gallasebiyo4427

    @gallasebiyo4427

    Жыл бұрын

    Korea's KAI (Korea Aerospace Industries) would also be an interesting topic

  • @varunmittal3617

    @varunmittal3617

    Жыл бұрын

    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.

  • @regolith1350
    @regolith1350 Жыл бұрын

    FYI “quay” is pronounced “key”. It’s one of those strange old words.

  • @bobgroves5777

    @bobgroves5777

    Жыл бұрын

    You beat me to it.

  • @chuckygobyebye

    @chuckygobyebye

    Жыл бұрын

    It is a stupid spelling. Apparently it's the old word for sandbank but the sandbank spelling is 'key' as in 'Florida keys'.

  • @pdelong42

    @pdelong42

    Жыл бұрын

    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"...? ;-)

  • @Ben.....
    @Ben..... Жыл бұрын

    Laughed out loud when he refused ship delivery so the Chebol just said, "We will do it ourselves."

  • @ahnshome
    @ahnshome Жыл бұрын

    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”.

  • @Flor-ian
    @Flor-ian Жыл бұрын

    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!

  • @thesketchydude1315
    @thesketchydude1315 Жыл бұрын

    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)

  • @kimchi_taco
    @kimchi_taco Жыл бұрын

    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.

  • @raylopez99

    @raylopez99

    Жыл бұрын

    They are. Google "Reverse Flynn Effect".

  • @capmidnite

    @capmidnite

    Жыл бұрын

    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.

  • @HardDiskSpeaker
    @HardDiskSpeaker Жыл бұрын

    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.

  • @ericsteenbergen9470

    @ericsteenbergen9470

    Жыл бұрын

    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.

  • @MyeongKyo.S

    @MyeongKyo.S

    Жыл бұрын

    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.

  • @LuisAldamiz
    @LuisAldamiz Жыл бұрын

    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.

  • @ajax700

    @ajax700

    Жыл бұрын

    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.

  • @raylopez99

    @raylopez99

    Жыл бұрын

    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?

  • @jxmai7687

    @jxmai7687

    Жыл бұрын

    Dismantle state industry only help the rich, that is what is happening around the world.

  • @OmmerSyssel

    @OmmerSyssel

    Жыл бұрын

    ​@@jxmai7687nonsense, everyone knows communism doesn't serve anyone in the long run! If you can't compete, upgrade or develop other areas!

  • @OmmerSyssel

    @OmmerSyssel

    Жыл бұрын

    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 ...

  • @5anjuro
    @5anjuro Жыл бұрын

    Thanks for another great video. Looking forward to the Saturday meetup!

  • @freemind62
    @freemind62 Жыл бұрын

    I never thought I’d see a picture of my house in a video on Korean Shipbuilding 😮

  • @AdamBorseti
    @AdamBorseti Жыл бұрын

    2:18 "and here is where the Koreans come in" video interrupted by a Kia ad 😂

  • @gikigill788
    @gikigill788 Жыл бұрын

    Early in the morning in Australia and this video drops. Good way to start the day👍

  • @Gameboygenius

    @Gameboygenius

    Жыл бұрын

    Then it would be early morning in Taiwan as well, where Jon is located.

  • @miroslawkaras7710
    @miroslawkaras7710 Жыл бұрын

    Gratelly apreciate for the detail insits. Amaizing job.

  • @marcfruchtman9473
    @marcfruchtman9473 Жыл бұрын

    Such a great source of information... thank you for making this historic review.

  • @YaoiMastah
    @YaoiMastah Жыл бұрын

    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.

  • @dudigi

    @dudigi

    Жыл бұрын

    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

    @bisonbro7

    Жыл бұрын

    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.

  • @YaoiMastah

    @YaoiMastah

    Жыл бұрын

    @@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").

  • @YaoiMastah

    @YaoiMastah

    Жыл бұрын

    @@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?

  • @OmmerSyssel

    @OmmerSyssel

    Жыл бұрын

    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...

  • @youcantata
    @youcantata Жыл бұрын

    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.

  • @anthonydivon5571
    @anthonydivon5571 Жыл бұрын

    Longbottom a true sailor's name

  • @OmmerSyssel

    @OmmerSyssel

    Жыл бұрын

    His wife were famous as Longbosom, but thats another story

  • @ceosealemon
    @ceosealemon Жыл бұрын

    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. kzread.info/dash/bejne/mYhn2LV7eqzMkrA.html

  • @doodoopoopoo1997
    @doodoopoopoo1997 Жыл бұрын

    nice vid man

  • @sirfer6969
    @sirfer6969 Жыл бұрын

    Love your work...Asianometry is always educational and enlightening... PS..."Quay" is pronounced as "key"...I know...English, right?

  • @carlosignacio6711
    @carlosignacio6711 Жыл бұрын

    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™.

  • @squidgameman441
    @squidgameman441 Жыл бұрын

    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.

  • @CatFish107

    @CatFish107

    Жыл бұрын

    Korea supplies the ships, and the Philippines supplies the sailors. Imagine if the Philippines floated enough tonnage to employ all their seafarers!?

  • @OmmerSyssel

    @OmmerSyssel

    Жыл бұрын

    ​@@CatFish107😂luckily the quality of Korean shipbuilding are way better than Philippines navigational qualities! 😱😉😅

  • @daveedwards1667
    @daveedwards1667 Жыл бұрын

    at around 4:30 the image of Busan is actually Long Beach California - you can see the Spruce Goose dome and the Queen Mary 😅

  • @ronjon7942

    @ronjon7942

    Жыл бұрын

    Well, heck, great eye! Dang.

  • @mcspikesky
    @mcspikesky Жыл бұрын

    Lovely subtle accent change at 10:00

  • @CatFish107
    @CatFish107 Жыл бұрын

    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.

  • @CatFish107

    @CatFish107

    Жыл бұрын

    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.

  • @alanywalany6460

    @alanywalany6460

    Жыл бұрын

    Can you explain the Titanic comment?

  • @ytn00b3
    @ytn00b3 Жыл бұрын

    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.

  • @syndrome7922
    @syndrome792211 ай бұрын

    Daewoo Shipbuilding was absorbed by Hanwha Group and is now Hanwha Ocean

  • @rahulraghu4928
    @rahulraghu4928 Жыл бұрын

    Wake up babe new Asianometry dropped.

  • @ChadPANDA...

    @ChadPANDA...

    Жыл бұрын

    It's 4:30 am let your babe sleep

  • @singaporeseaslugs1393

    @singaporeseaslugs1393

    Жыл бұрын

    @@ChadPANDA...4:30am is early enough 🫡

  • @SW-hw1mm
    @SW-hw1mm Жыл бұрын

    Excellent production 👏 👏 👏

  • @thomasjordan2153
    @thomasjordan2153 Жыл бұрын

    Hello Mr. Asianometry please could you do a video about Japan’s Ministry of International Trade and Industry thank you very much

  • @peterers3
    @peterers3 Жыл бұрын

    Really interesting Episode

  • @td90503
    @td90503 Жыл бұрын

    Time code 4:38 is listed as Busan, but picture is Long Beach California.

  • @JohnLee-db9zt
    @JohnLee-db9zt Жыл бұрын

    Answer: Robots and AI. Koreans can do both.

  • @uberthought
    @uberthought Жыл бұрын

    i do like your work. Thank you.

  • @MaxSupercars
    @MaxSupercars Жыл бұрын

    Great video! I like the ships and everything around them.

  • @Dave_Sisson
    @Dave_Sisson Жыл бұрын

    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.

  • @alay9159

    @alay9159

    Ай бұрын

    Not yet.

  • @TzviLangermann
    @TzviLangermann Жыл бұрын

    Very informative!

  • @XxLIVRAxX
    @XxLIVRAxX Жыл бұрын

    I love the shipbuilding industry, this video is a real treat, great job!

  • @ajax700
    @ajax700 Жыл бұрын

    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.

  • @himanshusingh5214

    @himanshusingh5214

    Жыл бұрын

    They will be destroyed by China Now.

  • @MyeongKyo.S

    @MyeongKyo.S

    Жыл бұрын

    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.

  • @ajax700

    @ajax700

    Жыл бұрын

    @@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.

  • @totsm23
    @totsm23 Жыл бұрын

    4:37 Busan looks an awful lot like Long Beach, California :D

  • @Gamer_1745

    @Gamer_1745

    Жыл бұрын

    Yep, I saw that too.

  • @nexusyang4832
    @nexusyang4832 Жыл бұрын

    Hello from Kaohsiung. 😎

  • @badrinair
    @badrinair Жыл бұрын

    thank you . these ships are engineering marvels

  • @ivanhere6292
    @ivanhere6292 Жыл бұрын

    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

  • @Ukit50

    @Ukit50

    Жыл бұрын

    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

  • @ivanhere6292

    @ivanhere6292

    Жыл бұрын

    @@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

  • @Ukit50

    @Ukit50

    Жыл бұрын

    @@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.

  • @ivanhere6292

    @ivanhere6292

    Жыл бұрын

    @@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

  • @OmmerSyssel

    @OmmerSyssel

    Жыл бұрын

    ​@@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.

  • @darrelllancaster9554
    @darrelllancaster95546 ай бұрын

    Very educational. 👍

  • @MyeongKyo.S
    @MyeongKyo.S Жыл бұрын

    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?

  • @Datamining101
    @Datamining101 Жыл бұрын

    Shows what you can do with extraordinary government protection.

  • @ajax700

    @ajax700

    Жыл бұрын

    Japan protected many strategic industries and lost leadership on many since 1990. Semiconductor, automobile, steel, ships, electronics. So not so sure. Best wishes.

  • @raylopez99

    @raylopez99

    Жыл бұрын

    @@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.

  • @OmmerSyssel

    @OmmerSyssel

    Жыл бұрын

    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 ...

  • @andrewnorris7642
    @andrewnorris7642 Жыл бұрын

    Could you consider doing a video about trucking or the IT boom in India?

  • @hwp99801
    @hwp998017 ай бұрын

    4:35🤔Do you see RMS Queen Mary? Apparently, that is not Busan ...

  • @mattbland2380
    @mattbland238011 ай бұрын

    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.

  • @cafemm
    @cafemm Жыл бұрын

    I can't even imagine the pain of doing all that work and then the two halves of the ship not fitting

  • @OmmerSyssel

    @OmmerSyssel

    Жыл бұрын

    Actually happened.. 😱 On a way smaller scale, but still a painful and expensive mess for the Shipyard.

  • @thany3
    @thany3 Жыл бұрын

    "Drifted towards metal ships" yeah I see what did there.

  • @crewneckdeath6801
    @crewneckdeath6801 Жыл бұрын

    can you please make a video on Indian Shipbuilding Industries.

  • @petar02345
    @petar02345 Жыл бұрын

    Cool story.I plan to join cruise industry so this is nice to know...

  • @rustix3
    @rustix3 Жыл бұрын

    0:19 I was expecting to see Greece in top 10.

  • @user-hk4xo2us4k
    @user-hk4xo2us4k3 ай бұрын

    Please make a video about Casio

  • @clangerbasher
    @clangerbasher Жыл бұрын

    Thank you.

  • @capmidnite
    @capmidnite Жыл бұрын

    15:33 That's a picture of the Showa Steel Works in Japanese-occupied Manchuria, during the 1930s.

  • @AnimeSunglasses
    @AnimeSunglasses Жыл бұрын

    5:52 _Quay_ is supposed to be pronounced "key", because English is determined to be the most chaotic language.

  • @georgeaird4637
    @georgeaird4637 Жыл бұрын

    5:50 Just wanted to let you know ‘Quay’ is pronounced like ‘Key’

  • @BrassLock
    @BrassLock Жыл бұрын

    Very interesting 😊

  • @NooneStaar
    @NooneStaar Жыл бұрын

    12:04 womp womp LOL

  • @andreaziz5499
    @andreaziz5499 Жыл бұрын

    portsmouth is royal navyl head quarters in hampshire

  • @henrymeyer791
    @henrymeyer791 Жыл бұрын

    Good video

  • @quizzzick7662
    @quizzzick7662 Жыл бұрын

    Not seeing Taiwan on the graphic for building ships in the Asia section. Are they included with China?

  • @hurrikkkanes2533

    @hurrikkkanes2533

    11 ай бұрын

    nope

  • @nhibbs3
    @nhibbs39 ай бұрын

    Small correction: quay is pronounced “key”

  • @FrederSnorlax
    @FrederSnorlax Жыл бұрын

    No footage of the korean ship building mechs and exoskeletons?? I think they call them “man portable cranes”

  • @thany3
    @thany3 Жыл бұрын

    3:28 You speak of Japan, but that is not a picture of anywhere in Japan... They drive on the left in Japan.

  • @1slow370
    @1slow370 Жыл бұрын

    @0:54 I think you meant BIG wood.

  • @garethjones909
    @garethjones909 Жыл бұрын

    Quay is pronounced key, as in Torquay

  • @shaider1982
    @shaider1982 Жыл бұрын

    12:00 man, I feel bad for them.

  • @user-uy5qb1sh6t
    @user-uy5qb1sh6t Жыл бұрын

    I just noticed that Nigeria is 1.72%, not a big number but suprisingly for such country!

  • @capmidnite
    @capmidnite Жыл бұрын

    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.

  • @user-kr3fj6op7t

    @user-kr3fj6op7t

    11 ай бұрын

    그 반대가 되버렸네~~

  • @FirstLast_Nba
    @FirstLast_Nba Жыл бұрын

    Excellent

  • @ronjon7942
    @ronjon7942 Жыл бұрын

    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?

  • @JackWse
    @JackWse13 күн бұрын

    My fourth favorite ship, with the letter I in its name... The shade has been cast!

  • @malithaw
    @malithaw Жыл бұрын

    Small correction, 'Quay' isn't pronounced as KUE, it's simply pronounced as key.

  • @gundamgeneral
    @gundamgeneral Жыл бұрын

    are you Asian Wick of youtube 😂😂 you produce a lot of vidz for a short time

  • @andanandan6061
    @andanandan6061 Жыл бұрын

    Apparently it starts shifting to South East Asia

  • @InsaneFirebat
    @InsaneFirebat Жыл бұрын

    I also think my volume is too low whenever I start your videos. Nope, just a delayed intro.

  • @uludak8468
    @uludak8468 Жыл бұрын

    ship industry is huge but semiconductor took 20 % of SKoreas export value (before global decline) and are their biggest chunk

  • @himanshusingh5214

    @himanshusingh5214

    Жыл бұрын

    Their refined oil exports are more than Ship.

  • @MyeongKyo.S

    @MyeongKyo.S

    Жыл бұрын

    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.

  • @javasoy
    @javasoy Жыл бұрын

    rapid rise and rapid decline.

  • @RikkiCat09
    @RikkiCat09 Жыл бұрын

    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.

  • @raylopez99

    @raylopez99

    Жыл бұрын

    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.

  • @OmmerSyssel

    @OmmerSyssel

    Жыл бұрын

    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? 🤷🏼

  • @raylopez99

    @raylopez99

    Жыл бұрын

    @@OmmerSyssel You sound intelligent. And your keyboard can make the "ø" character. So you must be European and not a MAGA supporter.

  • @xXxSkyViperxXx
    @xXxSkyViperxXx Жыл бұрын

    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

  • @raylopez99

    @raylopez99

    Жыл бұрын

    What country is that? New Zealand? The Philippines? Micronesia? Or, my favorite, Diego Garcia?

  • @himanshusingh5214

    @himanshusingh5214

    Жыл бұрын

    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

    @xXxSkyViperxXx

    Жыл бұрын

    @@himanshusingh5214 what does religion have to do with that???

  • @himanshusingh5214

    @himanshusingh5214

    Жыл бұрын

    @@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.

  • @himanshusingh5214

    @himanshusingh5214

    Жыл бұрын

    @@xXxSkyViperxXx Thailand was not colonized. Myanmar, Laos, Cambodia and Vietnam were. Compare Thailand to these countries. Which countries look richer?

  • @autumblak
    @autumblak Жыл бұрын

    Money makes friends out of enemies 11:44

  • @HallBr3gg
    @HallBr3gg Жыл бұрын

    This just higlights the foolishness of the lack of industrial policy in the west.

  • @davidwell686
    @davidwell686 Жыл бұрын

    Difficult business to make a profit.

  • @Xylos101
    @Xylos101 Жыл бұрын

    quay is pronounced key

  • @raylopez99

    @raylopez99

    Жыл бұрын

    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.

  • @hellboystein2926
    @hellboystein2926 Жыл бұрын

    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?!

  • @samsadeniz

    @samsadeniz

    Жыл бұрын

    Thank your corrupt Unions.

  • @jaredspencer3304
    @jaredspencer3304 Жыл бұрын

    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.

  • @nick21614

    @nick21614

    Жыл бұрын

    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.

  • @raylopez99

    @raylopez99

    Жыл бұрын

    @@nick21614 Nah. I think the OP is right, more bang for the buck if Newport News or whoever does US shipping had some competition.

  • @himanshusingh5214

    @himanshusingh5214

    Жыл бұрын

    You should get them built by China. They will do it cheaper and they have a much larger scope of expansion. Win-Win technique

  • @himanshusingh5214

    @himanshusingh5214

    Жыл бұрын

    .

  • @ericsteenbergen9470

    @ericsteenbergen9470

    Жыл бұрын

    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.

  • @Mrgunsngear
    @Mrgunsngear Жыл бұрын

    🍿

  • @andrewmalcolm79
    @andrewmalcolm79 Жыл бұрын

    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. kzread.info/dash/bejne/q3-Tw7eLp66bZ9I.html Anyway, great channel, keep up the good work!

  • @mdavid2822

    @mdavid2822

    Жыл бұрын

    "Quay" and "key" are indeed homophones. That's a tricky one.

  • @ryandarrah4247
    @ryandarrah4247 Жыл бұрын

    IMO this implies usa shipbuilding requires severe depression in the usa. Hmmn, Great Depression helped make America the great ww2 factory

  • @stonethrower6065
    @stonethrower6065 Жыл бұрын

    China surpassed S. Korea in shipbuilding a while back. Look it up.

  • @gallasebiyo4427

    @gallasebiyo4427

    Жыл бұрын

    Looked it up, Korea is first this year with 40% market share

  • @stonethrower6065

    @stonethrower6065

    Жыл бұрын

    @@gallasebiyo4427 The year isn't over. Is it?

  • @catsspat
    @catsspat Жыл бұрын

    ⚓🚢Ahoy!