Ship Giants to Join Forces to Fend Off China Threat

Ship Giants to Join Forces to Fend Off China Threat

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the Korean shipbuilding sector, highlighting its significance in exports and employment. It addresses the challenges faced by the industry, including losses and consolidation. The rivalry between China and South Korea is explored, focusing on market share and leadership in the LNG segment. The video also examines the recovery in LNG orders and the impact on South Korean shipyards. Finally, it considers the future of industry consolidation, particularly the merging of Chinese state-owned yards.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of global market share does the combined Korean shipbuilding entity hold?

40%

30%

20%

10%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which segment is South Korea expected to maintain its leadership in, according to the discussion?

Cruise ships

Container ships

Oil tankers

LNG

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is driving the recovery in shipbuilding orders?

Increased demand for oil tankers

Growth in the cruise ship industry

The LNG market

Expansion of container shipping

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of LNG ship orders did South Korean yards secure in 2018?

50%

75%

95%

100%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the expected outcome of the consolidation in the Chinese shipbuilding industry?

Decreased market share

Increased inefficiency

Better cost controls

More competition among state-owned yards