SEOUL, Dec. 5 (Korea Bizwire) — South Korea fell to second place in new global shipbuilding orders in November to trail behind China again, industry data showed Tuesday. South Korean shipyards clinched orders totaling 570,000 compensated gross tons (CGTs) for 15 ships, accounting for 36 percent of the global total of 1.59 million CGTs last [...]
SEOUL, Dec. 1 (Korea Bizwire) — South Korean shipyard HD Korea Shipbuilding & Offshore Engineering Co. said Friday it has clinched a US$432.4 million order to build four very large ammonia carriers for a European shipper. Hyundai Samho Heavy Industries Co., one of HD Korea Shipbuilding’s three shipbuilding units, will construct the vessels at its [...]
SEOUL, Nov. 29 (Korea Bizwire) — South Korean shipbuilders are widely expected to lag far behind their Chinese rivals in new global orders to place second worldwide in 2023 amid falling demand, according to industry data Wednesday. Local shipyards won a combined 9.55 million compensated gross tons (CGTs) in new orders in the first 11 [...]
SEOUL, Nov. 27 (Korea Bizwire) — Hanwha Ocean Co., a shipbuilding unit of chemical-to-aerospace conglomerate Hanwha Group, said Monday it has received a 163 billion-won (US$125 million) ammonia ship order from an unspecified client in the Oceania region. Hanwha Ocean will build the ammonia carrier by September 2026 for the unidentified shipper in the Oceania [...]
SEOUL, Nov. 17 (Korea Bizwire) — South Korean shipyard HD Korea Shipbuilding & Offshore Engineering Co. said Friday it has bagged a 444.4 billion-won (US$340 million) order to build two very large ethane carriers for an Asian shipper. HD Hyundai Heavy Industries Co., one of HD Korea Shipbuilding’s three shipbuilding units, will construct the 98,000-cubic-meter [...]
SEOUL, Nov. 14 (Korea Bizwire) — Major South Korean shipbuilder Hanwha Ocean Co. said Tuesday it has bagged a 656.2 billion-won (US$498 million) order for four very large ammonia carriers (VLAC) from a Greek shipper. The vessels will be constructed at Hanwha Ocean’s shipyard in Geoje on the south coast and delivered to Naftomar Shipping [...]
SEOUL, Nov. 14 (Korea Bizwire) — South Korean shipyard HD Korea Shipbuilding & Offshore Engineering Co. said Tuesday it has clinched a 698.1 billion-won (US$530 million) order to build two liquefied natural gas (LNG) carriers for an African shipper. HD Hyundai Heavy Industries Co., one of HD Korea Shipbuilding’s three shipbuilding units, will construct the [...]
SEOUL, Nov. 7 (Korea Bizwire) — South Korea regained the top spot in new global shipbuilding orders for the first time in three months in October, industry data showed Tuesday. Local shipyards clinched orders totaling 1.54 million compensated gross tons (CGTs) to build 18 ships, accounting for 62 percent of the global total of 2.49 [...]
SEOUL, Oct. 30 (Korea Bizwire) — South Korean shipyard HD Korea Shipbuilding & Offshore Engineering Co. said Monday it has won a 231.8 billion-won (US$171 million) order to build two crude carriers for an Oceanian shipper. Hyundai Samho Heavy Industries Co., one of HD Korea Shipbuilding’s three shipbuilding units, will construct the vessels at its [...]
SEOUL, Oct. 16 (Korea Bizwire) — South Korean shipyard HD Korea Shipbuilding & Offshore Engineering Co. said Monday it will build two mid-sized, ammonia-powered ships for the first time in the world. HD Korea Shipbuilding said it will install an ammonia dual-fuel engine in the 45,000-cubic meter liquefied petroleum gas (LPG) carriers, whose order it [...]