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 [...]
SEOUL, July 11 (Korea Bizwire) — New orders won by South Korean shipbuilders hit a 13-year high in the first half of the year amid signs of a modest recovery in global trade from the COVID-19 pandemic, data showed Sunday. Korean shipbuilders led by Hyundai Heavy Industries Co. won new orders worth US$26.7 billion that [...]
SEOUL, July 6 (Korea Bizwire) — South Korean shipbuilders saw their new orders rise over sevenfold in the first half of the year from a year ago, and they have achieved more than half of their annual order targets for the year, industrial data showed Tuesday. During the January-June period, Korean shipbuilders bagged new orders [...]
SEOUL, April 4 (Korea Bizwire) — South Korean shipbuilders clinched orders in the first quarter worth ten times more than the total orders logged for 2020, as the shipyard industry is recovering from the fallout of the pandemic, data showed Sunday. Korean shipbuilders led by Hyundai Heavy Industries Co. won new orders for 126 ships [...]
SEOUL, March 31 (Korea Bizwire) – South Korean shipbuilders led by Hyundai Heavy Industries Co., which have been struggling with a drought of demand amid the pandemic, scooped up major deals in the first quarter of the year, boding well for their achievements of this year’s annual order targets. Korea Shipbuilding & Offshore Engineering Co. [...]
SEOUL, March 29 (Korea Bizwire) — Shares in South Korea’s shipbuilders and shippers have enjoyed decent increases in the past weeks, but this time, they are again on a rising track on expectations for a further climb in freight rates and demand for ships amid the unprecedented blockage at the Suez Canal. HMM Co., South [...]
SEOUL, Feb. 16 (Korea Bizwire) — The fever of environmental, social and governance (ESG) management that is sweeping across the industrial landscape is emerging as a central issue even for the airline and shipbuilding industries. As part of efforts to reduce its carbon emissions, South Korea’s top full service carrier Korean Air Lines Co. decided [...]
SEOUL, Feb. 12 (Korea Bizwire) — South Korean shipbuilders led by Hyundai Heavy Industries Co. have jacked up their order targets for this year by over 40 percent compared with last year, as the global shipbuilding industry is expected to see a boom on the back of toughened environmental regulations. Korea Shipbuilding & Offshore Engineering [...]
SEOUL, Feb. 9 (Korea Bizwire) – South Korean shipbuilders held on to their global No. 1 status in terms of new orders of ships in January, outpacing their Chinese rivals for the seventh straight month, industry data showed Tuesday. According to the data provided by global market researcher Clarkson Research Service, South Korean shipyards bagged [...]
SEOUL, Feb. 2 (Korea Bizwire) — South Korean shipbuilders, led by top player Hyundai Heavy Industries Co., are expected to undergo a temporary shortage of order backlogs in the second half of the year due to a decline in new orders last year, an industry watcher said Tuesday. “A temporary shortage of work is predicted [...]