SEOUL, Jan. 6 (Korea Bizwire) — South Korean shipbuilders received the largest orders in eight years in 2021, and the country ranked the world’s No. 1 in terms of the construction of high value-added vessels, the industry ministry said Thursday. Local shipbuilders won new orders totaling 17.44 million compensated gross tons (CGTs) last year, more [...]
SEOUL, Dec. 30 (Korea Bizwire) — South Korean construction companies have won US$30.6 billion worth of orders from overseas this year, surpassing the $30 billion mark for the second straight year despite the prolonged coronavirus pandemic, data showed Thursday. A total of 318 builders have won 501 such deals from 91 countries in 2021, with [...]
SEOUL, Dec. 7 (Korea Bizwire) — South Korean shipbuilders ranked first in global new orders for a second month in November, far outpacing their Chinese rivals, industry data showed Tuesday. Local shipbuilders, led by Hyundai Heavy Industries Co., gained 58 percent, or a combined 770,000 compensated gross tons (CGTs), of 1.32 million CGT global new [...]
SEOUL, Nov. 26 (Korea Bizwire) — Construction machinery maker Hyundai Construction Equipment said Friday it has obtained orders for 534 units of construction equipment from Russia this month. The deals with unidentified Russian miners and builders include orders for 510 excavators, 15 wheel loaders and nine skid-steer loaders, Hyundai Construction Equipment said in an emailed [...]
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. [...]
SEOUL, Nov. 18 (Korea Bizwire) — Global new orders for ships are predicted to slow down next year compared with this year due to a decrease in orders for container carriers, leading to a drop in new orders of South Korean shipbuilders, industry analysts have said. This year will see new orders for ships of [...]
SEOUL, Nov. 9 (Korea Bizwire) — South Korean shipbuilders regained the No. 1 ranking from their Chinese rivals in global new orders in October, bagging more than half of the global orders, industry data showed Tuesday. Local shipbuilders led by Hyundai Heavy Industries Co. won a combined 1.12 million compensated gross tons (CGTs) in new [...]
SEOUL, Sept. 7 (Korea Bizwire) — South Korean shipbuilders far outstripped their Chinese rivals in terms of new orders in August, retaining their top spot for the fourth straight month, industry data showed Tuesday. Local shipbuilders led by Hyundai Heavy Industries Co. won a combined 780,000 compensated gross tons (CGTs) in new orders last month, [...]
SEOUL, Aug. 11 (Korea Bizwire) — South Korean shipbuilders retained their top status in terms of new orders for the third month in a row in July, beating their Chinese and Japanese rivals, industry data showed Wednesday. Hyundai Heavy Industries Co. and other local shipyards won 1.81 million compensated gross tons (CGTs) in new orders [...]
SEOUL, July 11 (Korea Bizwire) — New orders won by South Korean shipbuilders hit a 13-year high in the first half of the year amid signs of a modest recovery in global trade from the COVID-19 pandemic, data showed Sunday. Korean shipbuilders led by Hyundai Heavy Industries Co. won new orders worth US$26.7 billion that [...]