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. 7 (Korea Bizwire) — POSCO International Corp., a South Korean general trading company, said Monday that together with local auto part maker Erae Automotive Systems Co. it had received an order to supply electronic vehicle (EV) components to a North American EV startup. The company will supply about 145 billion won (US$125 million) [...]
SEOUL, Oct. 8 (Korea Bizwire) — Samsung Heavy Industries Co., a major shipbuilder in South Korea, said Tuesday it has secured a US$920 million order to build six of the world’s largest container ship. Under the deal with Taiwanese shipping firm Evergreen Marine Corp., Samsung Heavy will build six ultra-large box ships with a capacity [...]
SEOUL, Aug. 25 (Korea Bizwire) — South Korean shipbuilders are anticipated to miss their annual order targets in 2019 amid the drawn-out U.S.-China trade dispute and the global economic slowdown, industry watchers said Sunday. The country’s top three shipyards — Hyundai Heavy Industries Group, Samsung Heavy Industries Co. and Daewoo Shipbuilding & Marine Engineering Co. [...]
SEOUL, Oct. 23 (Korea Bizwire) — Hyundai Heavy Industries Co., a major shipyard in South Korea, said Monday that it has clinched a deal worth 450 billion won (US$397 million) to build five very large ore carriers (VLOCs). Under the deal with Polaris Shipping Co., Hyundai Heavy will hand over the vessels in phases. The [...]
SEOUL, May 23 (Korea Bizwire) — Samsung Heavy Industries Co., a major South Korea shipyard, said Monday that it has clinched a US$100 million deal to build two LNG carriers. Under the deal with South Korean shipper Korea Line Corp., Samsung Heavy will build the ships by December 2019, the company said. The ships, which [...]