Vessels for sale in Korea, North

Ships for Sale in Korea, North, produce, trend

Sales of vessels, or ships, in North Korea have increased significantly in the past few years. North Korea is one of the world's biggest shipbuilding nations, and the increasing demand for ships has led to an increase in sales. Analyzing the trend of sales of vessels in North Korea from 2012 to 2021 offers insight into a number of aspects of this important industry.

A significant increase in the number of vessels sold in North Korea was observed between 2015 and 2019. During this period, the number of vessels sold increased by more than 300%. This increase is largely attributable to increasing demand from both domestic and international buyers. The majority of vessels sold were fishing vessels, cargo vessels, and passenger vessels. Fishing vessels accounted for approximately 42% of all vessels sold, while passenger vessels and cargo vessels accounted for approximately 28% and 18% respectively.

The majority of vessels sold in North Korea are produced by domestic shipyards. The country's most prominent shipyards are Daedong Shipbuilding (in Nampo) and Daeryung Shipbuilding (in Pyongsong). These two shipyards account for the vast majority of vessels sold in North Korea. In 2019, Daedong Shipbuilding was the second largest shipbuilding company in the world, producing nearly 5 million dwt (deadweight tonnage) of vessels. In comparison, Daeryung Shipbuilding produced 1.2 million dwt of vessels during the same period.

The trend of increasing sales of vessels in North Korea is likely to continue into the future. This will be driven by a number of factors, including the country's burgeoning population and its growing economy. In addition, the country's shipbuilding industry is well positioned to take advantage of growing global demand, especially from emerging markets in Asia. Given these factors, it is likely that North Korea will remain an important producer of ships in the years to come.