The European countries dominated the ship building industry for centuries together. The shift of monopoly started with growth of the Japanese ship building industry and it has been in the leading positions since 1970. Their core products are oil tankers, bulk carriers and container ships. South Korea started to emerge as a global leader in ship building since about 2003. Today the top three players are South Korea, China and Japan and these three countries together hold 90% of the present ship building orders.