Korean Shipbuilders May Gain Upper Hand in Contract Talks with Shippers

SEOUL, Oct. 22 (Korea Bizwire) — Hyundai Heavy Industries Co. and other South Korean shipbuilders are expected to hold all the aces in their negotiations with shippers thanks to abundant order backlogs, an industry expert said Friday. “South Korean shipbuilders secured order backlogs of 28.56 million compensated gross tons (CGTs), accounting for 2 1/2 years’ [...]

Korean Shipbuilders’ Order Backlogs Dip 22 pct Through Q3

SEOUL, Nov. 24 (Korea Bizwire) — Combined order backlogs of South Korea’s top five shipbuilders, led by Hyundai Heavy Industries Co., fell 22 percent in the first nine months of the year from the end of last year due to decreased new orders amid the coronavirus pandemic, industry sources said Tuesday. But their good financial [...]