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Korean Shipbuilders Up 2021 Order Target on Eco-friendly Ships, Sector Recovery

Korean Shipbuilders Up 2021 Order Target on Eco-friendly Ships, Sector Recovery

SEOUL, Feb. 12 (Korea Bizwire) — South Korean shipbuilders led by Hyundai Heavy Industries Co. have jacked up their order targets for this year by over 40 percent compared with last year, as the global shipbuilding industry is expected to see a boom on the back of toughened environmental regulations. Korea Shipbuilding & Offshore Engineering [...]

Shipyards Get Off to Robust Start in New Orders in Jan.

Shipyards Get Off to Robust Start in New Orders in Jan.

SEOUL, Feb. 9 (Korea Bizwire) – South Korean shipbuilders held on to their global No. 1 status in terms of new orders of ships in January, outpacing their Chinese rivals for the seventh straight month, industry data showed Tuesday. According to the data provided by global market researcher Clarkson Research Service, South Korean shipyards bagged [...]

Steelmakers in Talks with Shipbuilders over Prices

Steelmakers in Talks with Shipbuilders over Prices

SEOUL, Jan. 30 (Korea Bizwire) — South Korean steelmakers have launched talks with shipbuilders over prices of thick steel plates, which are mainly used for shipbuilding, people familiar with the matter said Saturday. POSCO, the country’s largest steelmaker, said it is pushing to raise prices of thick steel plates — a key material that accounts [...]

S. Korean Shipyards Tipped to Take No. 1 Spot in New Orders in 2020

S. Korean Shipyards Tipped to Take No. 1 Spot in New Orders in 2020

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, [...]

Korean Shipbuilders Tipped to Bask in More Orders Next Year on Tough Regulations

Korean Shipbuilders Tipped to Bask in More Orders Next Year on Tough Regulations

SEOUL, Oct. 27 (Korea Bizwire) — South Korean shipyards are likely to win more orders next year as toughened environment regulations may prod clients to resort to local shipbuilders, which have a competitive edge in eco-friendly vessels, a report said Tuesday. Their combined new orders are estimated at 10 million compensated gross tons (CGTs) worth [...]

Korean Shipbuilders Likely to Win More Orders for LNG Ships This Year

Korean Shipbuilders Likely to Win More Orders for LNG Ships This Year

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, [...]