SEOUL, July 6 (Korea Bizwire) — South Korean shipbuilders saw their new orders rise over sevenfold in the first half of the year from a year ago, and they have achieved more than half of their annual order targets for the year, industrial data showed Tuesday. During the January-June period, Korean shipbuilders bagged new orders [...]
SEOUL, April 4 (Korea Bizwire) — South Korean shipbuilders clinched orders in the first quarter worth ten times more than the total orders logged for 2020, as the shipyard industry is recovering from the fallout of the pandemic, data showed Sunday. Korean shipbuilders led by Hyundai Heavy Industries Co. won new orders for 126 ships [...]
SEOUL, Jan. 5 (Korea Bizwire) — South Korean shipbuilders are expected to take the top spot in new global shipbuilding orders for 2020 despite the fallout of the coronavirus pandemic, industry sources said Tuesday. Local shipyards’ new orders came to 7.98 million compensated gross tons (CGTs) as of Dec. 28 last year, ranking first worldwide, [...]
SEOUL, Oct. 13 (Korea Bizwire) — South Korean shipbuilders are expected to win orders later this year to build liquefied national gas (LNG) ships in Africa, analysts said Tuesday. In the January-September period, local shipbuilders fell far short of achieving their annual order targets as the new coronavirus pandemic continued to affect the shipbuilding industry, [...]
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. [...]
SEOUL, June 25 (Korea Bizwire) — South Korean shipbuilders have failed to clinch new orders for offshore facilities in the first half of the year as demand dried up amid weak oil prices, the companies’ data showed Thursday. In addition, Hyundai Heavy Industries Co. and Daewoo Shipbuilding & Marine Engineering Co. have order backlogs of [...]
SEOUL, June 22 (Korea Bizwire) — South Korea’s shipbuilders, led by Hyundai Heavy Industries Co., suffered from a sharp drop in new orders in the first five months of the year, falling sharply short of their annual order targets due to the coronavirus outbreak and a drop in oil prices, the companies’ data showed Monday. [...]
SEOUL, Dec. 29 (Korea Bizwire) — South Korean shipbuilders, led by top player Hyundai Heavy Industries Co., are expected to maintain their status as the world’s top position in new orders this year, although they may fail to meet their annual order targets, industry sources said Sunday. According to the sources, South Korean shipbuilders have [...]
SEOUL, Sept. 13 (Korea Bizwire) — Share prices of local shipbuilders are sailing higher following massive orders in recent months, analysts here said Friday. Shares in Korea Shipbuilding & Offshore Engineering Co., which manages shipbuilding units of Hyundai Heavy Industries Group, closed at 122,200 won on Wednesday, up 26 percent from one month earlier. Samsung [...]
SEOUL, Jan. 16 (Korea Bizwire) — South Korean shipbuilders, which emerged as the world’s No. 1 in terms of new orders in 2018 on increased demand for LNG ships, are anticipating solid demand for vessels this year, industry sources said Wednesday. Local shipyards, led by Hyundai Heavy Industries Co., bagged orders to build a total [...]