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 [...]
SEOUL, Aug. 9 (Korea Bizwire) — South Korean shipbuilders won more than half of new global ship orders in July to take the top spot in the world for the third straight month, industry data showed Tuesday. Local shipyards, led by Hyundai Heavy Industries Co., clinched 1.16 million compensated gross tons (CGTs) in new orders [...]
SEOUL, July 6 (Korea Bizwire) — South Korea has captured the No. 1 spot in global shipbuilding orders for the first time in four years on the back of rising demand for high-priced vessels, such as liquefied natural gas (LNG) carriers and container ships, data showed Wednesday. The country’s shipbuilders secured a total of 9.79 [...]
SEOUL, May 10 (Korea Bizwire) — South Korean shipbuilders’ order backlog touched a six-year high in April on the back of brisk orders from global shipping companies, industry data showed Tuesday. Local shipyards had 32.68 million compensated gross tons (CGTs), or 688 ships, in unfulfilled orders as of the end of April, the largest tally [...]
SEOUL, May 10 (Korea Bizwire) — South Korean shipyards are suffering from a labor shortage due mainly to massive layoffs years earlier, stoking concerns over output disruptions amid bumper orders, industry sources Tuesday. The local shipbuilding industry had a combined workforce of some 93,000 as of the end of last year, down a whopping 54 [...]
SEOUL, April 6 (Korea Bizwire) — South Korean shipbuilders won half of new global ship orders in the first quarter of the year to take the top spot in the world, industry data showed Wednesday. Local shipyards, led by Hyundai Heavy Industries Co., clinched 4.57 million compensated gross tons (CGTs) in new orders in the [...]
SEOUL, March 18 (Korea Bizwire) — South Korea’s major shipbuilders are introducing robots to overcome a lack of manpower. Samsung Heavy Industries Co. recently introduced robots at its shipyard in Geoje Island to cut steel materials and weld them into blocks. During the sub-block assembly, a human employee works with the so-called ‘collaboration robots’, instead [...]
SEOUL, March 8 (Korea Bizwire) — South Korean shipbuilders took the top spot in global new orders in February, far outpacing their Chinese rivals, industry data showed Tuesday. Local shipyards, led by Hyundai Heavy Industries Co., clinched 860,000 compensated gross tons (CGTs) in new orders last month, or 67 percent of the global total at [...]
SEOUL, Jan. 7 (Korea Bizwire) — As global shipbuilding trends are shifting towards a focus on technology, including self-driving ships, Korean shipbuilders are opening a string of research and development (R&D) centers in Pangyo, a district in Seongnam, Gyeonggi Province. Pangyo is often cited as a Korean version of Silicon Valley. Shipbuilding conglomerate Hyundai Heavy [...]
SEOUL, Jan. 6 (Korea Bizwire) — South Korean shipbuilders received the largest orders in eight years in 2021, and the country ranked the world’s No. 1 in terms of the construction of high value-added vessels, the industry ministry said Thursday. Local shipbuilders won new orders totaling 17.44 million compensated gross tons (CGTs) last year, more [...]