SEOUL, Feb. 7 (Korea Bizwire) – South Korean shipbuilders lagged far behind their Chinese rivals in terms of new global orders to rank second in the world in February amid tumbling demand, industry data showed Tuesday. Local shipbuilders won a combined 640,000 compensated gross tons (CGTs) in new orders last month, accounting for 33 percent [...]
SEOUL, Jan. 10 (Korea Bizwire) — South Korean shipbuilders saw their global market share edge up in 2022 from a year earlier despite decreased new orders, industry data showed Tuesday. Local shipyards clinched a combined 16.27 million compensated gross tons (CGTs) in new orders last year, or 38 percent of the global total of 42.78 [...]
SEOUL, Jan. 5 (Korea Bizwire) – South Korean shipbuilders received the largest orders in four years in 2022, and the country ranked the world’s No. 1 in terms of the construction of high-priced and eco-friendly vessels, the industry ministry said Thursday. Local shipbuilders won orders of a total of 15.59 million compensated gross tons last [...]
SEOUL, Dec. 29 (Korea Bizwire) — South Korean shipbuilders lagged behind their Chinese rivals in terms of new global orders in 2022 to take the No. 2 spot in the world for the second straight year, industry data showed Thursday. Local shipbuilders clinched a combined 15.64 million compensated gross tons (CGTs) in new orders this [...]
SEOUL, Dec. 8 (Korea Bizwire) — Management and labor unions of South Korea’s major shipbuilders have reached a tentative agreement on wage negotiations, and such agreements included several solutions on how to deal with the shortage of workers facing domestic shipyards. Hyundai Heavy Industries Co. decided to provide employees who reached retirement age this year [...]
SEOUL, Dec. 6 (Korea Bizwire) — South Korean shipbuilders fell far behind their Chinese rivals in terms of new global orders in November to rank second in the world, industry data showed Tuesday. Local shipbuilders won a combined 1.08 million compensated gross tons (CGTs) in new orders last month, accounting for 38 percent of the [...]
SEOUL, Nov. 8 (Korea Bizwire) — South Korean shipbuilders lagged far behind their Chinese rivals in terms of new global orders in October to take the No. 2 spot in the world, industry data showed Tuesday. Local shipbuilders won a combined 1.43 million compensated gross tons (CGTs) in new orders last month, accounting for 42 [...]
SEOUL, Oct. 7 (Korea Bizwire) — South Korean shipbuilders bagged nearly 60 percent of new global ship orders in September to take the top spot in the world, industry data showed Friday. Local shipyards, led by Hyundai Heavy Industries Co., clinched 1.32 million compensated gross tons (CGTs) in new orders for 22 vessels last month, [...]
SEOUL, Sept. 22 (Korea Bizwire) — South Korean shipbuilders won nearly 57 percent of global orders for eco-friendly ships in the first eight months of this year thanks to their technological superiority, an industry tracker said Thursday. Local shipyards clinched 56.6 percent of the world’s green-vessel orders worth 9.52 million compensated gross tons (CGTs) in [...]
SEOUL, Aug. 10 (Korea Bizwire) — South Korea’s three major shipbuilding companies have achieved nearly 87 percent of their yearly order targets thanks to a jump in orders for high-priced liquefied natural gas (LNG) carriers, government data showed Wednesday. The top three shipyards — Korea Shipbuilding & Offshore Engineering Co. (KSOE), Daewoo Shipbuilding & Marine [...]