midsized shipbuilders Archives

Midsized Shipbuilders’ Orders Bounce Back After Finalizing Their Sale Deals

SEOUL, Nov. 26 (Korea Bizwire) — New orders for ships won by South Korea’s midsized shipbuilders more than doubled in the first 10 months of the year from a year earlier after finalizing their sale deals, industry data showed. The three midsized shipbuilders — Hanjin Heavy Industries & Construction Co., STX Offshore & Shipbuilding Co. [...]

Midsized Shipbuilders in Deep Trouble for Turnaround

SEOUL, Sept. 7 (Korea Bizwire) — South Korea’s midsized shipbuilders have been stuck in a prolonged slump amid weak orders caused by the coronavirus pandemic, and their turnaround is not plausible in the foreseeable future. Three midsized shipbuilders — Hanjin Heavy Industries & Construction Co., Daesun Shipbuilding Engineering Co. and STX Offshore & Shipbuilding Co. [...]