Upload
others
View
5
Download
0
Embed Size (px)
Citation preview
07/10/2011 1
The South KoreaMarine Cargo Market
Joanne ChanZurich Insurance - Hong Kong
South Korea
07/10/2011 2
Ports in Korea
• Total 55 Ports in Korea;
• 14 International Ports are managed by Central Government ;
• 16 International Ports and 25 Domestic Ports are managed by Local Government;
• Role of each port
1. Busan Port - containers;
2. Gwangyang Port - Chemicals, Steel and Containers;
3. Ulsan Port - Chemicals and Vehicles;
07/10/2011 3
Ports in Korea
• Key Container Ports: -
Busan Port,
1. The world’s 5th busiest container port in 2010, 14.2 million TEU of containers;
2. Handling 73% of total container throughput of Korea in 2010;
Gwangyang Port;
1. 2.1 million TEU of containers in 2010;
2. Handling 11% of total container throughput of Korea in 2010;
Incheon Port;
1. 1.9 million TEU of containers in 2010;
2. Handling 10% of total container throughput of Korea in 2010;
07/10/2011 4
Maritime cargo traffic hits a record high in the first half of 2011
07/10/2011 5
Trade Partners in 2010
36%
24%
8%
10%
11%
11%
Major Trade Partners – 2010 South Korea Export
Others
Electrical Machinery, Equipment & Parts
Optical, Photographic, Cinematographic
Ships Boats
Nuclear Reactors, Boilers
Vehicles
07/10/2011 6
Major industries
• High-tech Industries
• Automobile Industries
• Shipbuilding / Construction
07/10/2011 7
Major industries – Advanced Technology
07/10/2011 8
Major industries – High-tech
• Electronics
Education and Industries Robotics;
Samsung, LG ranked top in global TV market in 2nd quarter, 2011;
Korea-made smartphones topped global market shares in 2nd quarter,
2011;
KES 2011 (12 – 15 October 2011);
07/10/2011 9
Major industries – Electronics
07/10/2011 10
Major industries – Electronics
07/10/2011 11
Major industries – Electronics
07/10/2011 12
Major industries – Electronics
07/10/2011 13
Major industries – Electronics
07/10/2011 14
Major industries – Electronics
07/10/2011 15
Major industries – Automobile Industries
• Automobile Industries
Ranks 5th in 2009 for producing vehicles in the world after China, Japan,
USA and Germany;
Korea’s Largest automaker – Hyundai Kia Automotive Group;
Seoul Motor Show 1995 - 2011;
07/10/2011 16
Major industries – Automobile Ind. (Seoul Motor Show 2011)
07/10/2011 17
Major industries – Automobile Ind. (Seoul Motor Show 2011)
07/10/2011 18
Major Shipbuilders in Korea
07/10/2011 19
Major industries – Shipbuilding / Construction
• Shipbuilding / Construction
Shipbuilding (Ranks 1st in 2010 first half in terms of Gross Tonnage)
Korea's shipbuilding industry takes on new challenges;
The World’s four largest Shipbuilding Companies: -
1. Hyundai Heavy Industries;
2. Samsung Heavy Industries;
3. Daewoo Shipbuilding & Marine Engineering;
4. STX Offshore & Shipbuilding;
07/10/2011 20
Korea’s Shipbuilding Industry rises once more
07/10/2011 21
A night view at Shipyard on Geojedo Island
07/10/2011 22
Shipbuilding / Construction
07/10/2011 23
07/10/2011 24
Insurance Market – Marine, Aviation and Transit
07/10/2011 25
Premium in USD million
Loss Ratio
Insurance Market – Major Loss of Marine Cargo
Year Interest Nature of loss Claims paid (USDmn)
1998 Steel Scrap Sinking 6.9
1999 UH-60 Simulator Damage 2.0
2000 Tower Crane Heavy Weather 6.3
2001 Tower Crane Sinking 9.4
2003 Cars Fire 24.0
2004 Cars Collision 17.0
2006 Sugar Stranding 12.4
2009 Barge Capsize 10.0
2010 High-tech Electronic Wet Damage 20.0
2011 Electronic Goods Cargo Plane Crash 10.0 + (Estimated)
07/10/2011 26
Insurance Market – Market Share (%)
0
5
10
15
20
25
30
35
Samsung F&MHyundai M&F
Dongbu F&MLIG Non-Life
Ins Meritz F&MOthers
25
23
14
12
9
17
29
23
14
10
9
16
27
23
12
12
9
17
33
21
11
11
9
15
28
24
13
10
9
16
Market share for Marine Ins. of Top Five Insurance Companies
2005
2006
2007
2008
2009
07/10/2011 27
(%)
Source: KIDI
Written Premium of Marine (31 Mar 2011)
Green1%
Heungkuk3%
Lotte3%
Others4%
Hanwha6%Meritz
9%Dongbu
12%
LIG14%
Hyundai22%
Samsung26%
07/10/2011 28
07/10/2011 29