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Table C1 Shipbuilding cost components and market share of shipbuilding delivery

From: Assessing the cost competitiveness of China's shipbuilding industry

Year China South Korea Japan
  Labour Steel Equip. Cost Share Labour Steel Equip. Cost Share Labour Steel Equip. Cost Share
  ($/CGT) ($/CGT) ($/CGT) ($/CGT) (%) ($/CGT) ($/CGT) ($/CGT) ($/CGT) (%) ($/CGT) ($/CGT) ($/CGT) ($/CGT) (%)
2000 62.97 134.07 349.67 546.71 0.07 252.97 86.29 497.93 837.19 0.31 199.59 138.43 770.43 1108.45 0.33
2001 65.34 141.61 401.02 607.98 0.06 250.74 71.56 517.60 839.90 0.31 191.19 109.71 696.36 997.27 0.33
2002 72.25 160.32 389.72 622.30 0.08 250.56 77.59 514.37 842.52 0.31 188.42 125.08 663.84 977.34 0.31
2003 75.18 179.85 362.29 617.32 0.11 245.10 111.88 518.07 875.06 0.32 182.33 169.02 612.18 963.53 0.30
2004 76.62 248.83 319.26 644.71 0.12 255.03 177.66 495.72 928.40 0.33 180.73 265.16 603.48 1049.37 0.32
2005 76.42 246.08 318.50 641.00 0.14 270.95 164.46 506.01 941.43 0.35 180.51 251.61 599.00 1031.12 0.30
2006 83.31 212.22 347.50 643.03 0.16 279.71 169.74 527.63 977.08 0.34 176.63 250.42 562.95 990.00 0.29
2007 92.55 244.23 385.35 722.13 0.19 288.48 189.88 592.21 1070.56 0.34 170.01 268.74 578.93 1017.69 0.25
2008 107.42 313.52 450.37 871.31 0.21 282.41 307.25 605.51 1195.17 0.36 168.06 396.84 598.81 1163.72 0.23
2009 121.59 221.98 486.19 829.76 0.28 288.54 206.52 689.48 1184.54 0.34 166.72 273.44 611.65 1051.81 0.21
  1. Source: Labour: calculated based on the data of wage and productivity in Appendix B, Table B1.
  2. Steel: Steel Business Briefing.
  3. Equipment: China Customs, Japanese Ship Machinery Export Association and Korea Marine Equipment Association.
  4. Market Share: Clarkson Shipping Intelligence Network (SIN).
  5. Cost: Author's calculation based on equation (1), Table 1 and data presented in Figures 1, 2 and 3.