shipbuilders Archives | Be Korea-savvy
S. Korean Shipyards Retain Top Spot in New Orders in August

S. Korean Shipyards Retain Top Spot in New Orders in August

SEOUL, Sept. 8 (Korea Bizwire) — South Korean shipbuilders took the No. 1 ranking in new shipping orders in August for the second consecutive month on the back of orders for liquefied natural gas carriers, industry data showed Tuesday. According to the data provided by global market researcher Clarkson Research Service, the Korean shipbuilders’ new [...]

S. Korean Shipbuilders’ New Orders Tumble 67 pct in H1 as Pandemic Hits Demand

S. Korean Shipbuilders’ New Orders Tumble 67 pct in H1 as Pandemic Hits Demand

SEOUL, July 9 (Korea Bizwire) — New orders won by South Korea’s shipbuilders tumbled 67 percent in the first half of the year from a year ago as the coronavirus pandemic ravaged demand, industry data showed Thursday. In the first half of this year, South Korean shipbuilders’ new orders came to 1.18 million compensated gross [...]

Korean Shipbuilders Rush to Develop Eco-friendly Ships amid Regulations

Korean Shipbuilders Rush to Develop Eco-friendly Ships amid Regulations

SEOUL, June 30 (Korea Bizwire) — Hyundai Heavy Industries Co. and other major shipbuilders are scurrying to develop eco-friendly power systems for ships in order to clinch more deals amid toughened emission regulations. The International Maritime Organization (IMO) has adopted mandatory steps under which carriers are required to operate a fleet of vessels designed to [...]

S. Korean Shipbuilders Ink 23.6 tln Won Qatar LNG Vessels Reservation Deal

S. Korean Shipbuilders Ink 23.6 tln Won Qatar LNG Vessels Reservation Deal

SEOUL, June 2 (Korea Bizwire) — South Korea’s three largest shipbuilders agreed to a 23.6 trillion won (US$19.2 billion) deal that commits them to reserve their liquefied natural gas (LNG) ship construction capacity to meet future orders from Qatar, the Middle Eastern country’s state-run petroleum company said Monday. Qatar Petroleum said in a press release, [...]

Korean Shipyards Tipped to Maintain No. 1 Spot in New Orders This Year

Korean Shipyards Tipped to Maintain No. 1 Spot in New Orders This Year

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 [...]

S. Korean Shipbuilders May Bag More Orders After Saudi Oil Attack

S. Korean Shipbuilders May Bag More Orders After Saudi Oil Attack

SEOUL, Sept. 17 (Korea Bizwire) — South Korean shipbuilders may receive more orders following drone strikes on Saudi Arabia’s crude processing facilities, analysts here said Tuesday, as the incident is likely to push up demand for liquefied natural gas (LNG) tankers and offshore facilities. Saudi Arabia shut down about half of its oil production Saturday [...]