SEOUL, Feb. 11 (Korea Bizwire) — Global top shipbuilder Hyundai Heavy Industries Co. is in high gear to obtain floating production, storage and offloading vessel (FPSO) orders as the offshore plant market rebounds thanks to a hike in oil prices. The company launched the construction of a hull for the FPSO ‘P78’ worth 850 billion [...]
SEOUL, June 14 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Monday that it has signed a 1.9 trillion won (US$ 1.7 billion) deal to build a hull of an offshore facility. The deal is part of a total 2.6 trillion won project to construct a floating production, storage and offloading vessel [...]
SEOUL, June 25 (Korea Bizwire) — South Korean shipbuilders have failed to clinch new orders for offshore facilities in the first half of the year as demand dried up amid weak oil prices, the companies’ data showed Thursday. In addition, Hyundai Heavy Industries Co. and Daewoo Shipbuilding & Marine Engineering Co. have order backlogs of [...]