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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, [...]

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 [...]