SEOUL, July 6 (Korea Bizwire) — Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Wednesday it has replaced existing contracts for three liquefied natural gas (LNG) carriers with new ones with a higher price tag amid supply chain disruptions. KSOE, a subholding company of global shipping titan Hyundai Heavy Industries Holdings, said in a regulatory [...]
SEOUL, June 22 (Korea Bizwire) — South Korean shipyard Samsung Heavy Industries Co. said Wednesday it has clinched a 3.9 trillion-won (US$3 billion) order to build 14 liquefied natural gas (LNG) carriers in the Bermudas and Africa. Samsung Heavy said it will construct 12 174,000-cubic-meter LNG carriers worth 3.33 trillion won for an unidentified Bermudan [...]
SEOUL, Sept. 13 (Korea Bizwire) — South Korean shipbuilder Samsung Heavy Industries Co. said Monday that it has been in talks with contractors to build liquefied natural gas (LNG) carriers to transport the LNG to be produced in northern Siberia of Russia. But “nothing has yet to be determined in the talks,” Samsung Heavy said [...]
SEOUL, June 3 (Korea Bizwire) — South Korea’s three major shipyards are on course to win more overseas orders for liquefied natural gas (LNG) carriers following a massive deal from Qatar, industry sources said Wednesday. The shipbuilders — Hyundai Heavy Industries Co., Samsung Heavy Industries Co. and Daewoo Shipbuilding & Marine Engineering Co. (DSME) — [...]
SEOUL, Oct. 13 (Korea Bizwire) — South Korean shippers are considering joining hands to win massive liquefied natural gas (LNG) transportation orders to be placed by Qatar, industry sources said Sunday. Five bulkers — reportedly Korea Line Corp., Pan Ocean Co., SK Shipping Co., Hyundai LNG Shipping Co. and H-Line Shipping Co. — are set [...]
SEOUL, Jan. 8 (Korea Bizwire) — South Korean shipyards, for the first time in seven years, ranked No. 1 in 2018 in terms of annual orders secured, industry data showed Tuesday. According to the data compiled by global research firm Clarkson Research Institute, local shipbuilders clinched new orders totaling a combined 12.63 million compensated gross [...]
SEOUL, Dec. 9 (Korea Bizwire) – South Korea’s major shipyards have shown decent performances this year on the back of a surge in orders to build LNG carriers, industry data showed Sunday. For the year up to Thursday, 52 orders for LNG carriers were received by local entities, with Hyundai Heavy Industries Co. bagging the [...]
SEOUL, Oct. 16 (Korea Bizwire) – Hyundai Heavy Industries, Daewoo Shipbuilding and Marine Engineering and Samsung Heavy Industries, the top shipbuilders in the country, are struggling from lack of work caused by falling demand for new vessels. According to recent industry data, however, that could change in the not-too-distant future thanks to a projected rise [...]