SEOUL, Nov. 18 (Korea Bizwire) — Global new orders for ships are predicted to slow down next year compared with this year due to a decrease in orders for container carriers, leading to a drop in new orders of South Korean shipbuilders, industry analysts have said. This year will see new orders for ships of [...]
SEOUL, Nov. 9 (Korea Bizwire) — South Korean shipbuilders regained the No. 1 ranking from their Chinese rivals in global new orders in October, bagging more than half of the global orders, industry data showed Tuesday. Local shipbuilders led by Hyundai Heavy Industries Co. won a combined 1.12 million compensated gross tons (CGTs) in new [...]
SEOUL, Oct. 26 (Korea Bizwire) — South Korean shipbuilding industry is accelerating efforts to develop autonomous vessel systems. Amid expectations that the size of the autonomous ship market would reach 180 trillion won (US$153.8 billion) by 2025, the industry is speeding up technological commercialization aimed at securing an advantage in the promising market. Samsung Heavy [...]
SEOUL, Oct. 22 (Korea Bizwire) — Hyundai Heavy Industries Co. and other South Korean shipbuilders are expected to hold all the aces in their negotiations with shippers thanks to abundant order backlogs, an industry expert said Friday. “South Korean shipbuilders secured order backlogs of 28.56 million compensated gross tons (CGTs), accounting for 2 1/2 years’ [...]
SEOUL, Oct. 20 (Korea Bizwire) — South Korea’s two leading shipbuilders are competing against each other to obtain an order for the country’s first light aircraft carrier. The Navy is pushing to complete the project for a 30,000-ton aircraft carrier by 2033, though it did not reveal the date of open bidding for a basic [...]
SEOUL, Oct. 19 (Korea Bizwire) — South Korea’s major shipbuilders have outpaced their annual order targets backed by brisk global new orders, company officials said Tuesday. According to data provided by global market researcher Clarkson Research Service, global new orders for ships came to 37.54 million compensated gross tons (CGTs) in the January-September period, up [...]
SEOUL, Oct. 8 (Korea Bizwire) — The proposed acquisition involving South Korea’s leading shipbuilders has been deadlocked for more than a year, as the European Union antitrust regulator shows no signs of resuming its probe into the deal. In 2019, Hyundai Heavy Industries Holdings Co., the holding company of the global shipbuilding conglomerate Hyundai Heavy [...]
SEOUL, Sept. 7 (Korea Bizwire) — South Korean shipbuilders far outstripped their Chinese rivals in terms of new orders in August, retaining their top spot for the fourth straight month, industry data showed Tuesday. Local shipbuilders led by Hyundai Heavy Industries Co. won a combined 780,000 compensated gross tons (CGTs) in new orders last month, [...]
SEOUL, Aug. 11 (Korea Bizwire) — South Korean shipbuilders retained their top status in terms of new orders for the third month in a row in July, beating their Chinese and Japanese rivals, industry data showed Wednesday. Hyundai Heavy Industries Co. and other local shipyards won 1.81 million compensated gross tons (CGTs) in new orders [...]
SEOUL, July 18 (Korea Bizwire) — South Korean shipbuilders are forecast to report sluggish earnings in the second quarter of the year due to a sharp rise in prices of steel plates despite brisk orders, analysts said Sunday. POSCO, South Korea’s leading steelmaker, has raised the prices of steel plates for ships to 1.15 million [...]