SEOUL, June 22 (Korea Bizwire) — South Korea’s shipbuilders, led by Hyundai Heavy Industries Co., suffered from a sharp drop in new orders in the first five months of the year, falling sharply short of their annual order targets due to the coronavirus outbreak and a drop in oil prices, the companies’ data showed Monday. [...]
SEOUL, June 21 (Korea Bizwire) — Shares in South Korean shipbuilders will get a boost from hopes of more LNG carrier deals after a recent mega deal from Qatar and a rise in global oil prices that will boost demand for new ships, industry sources said Sunday. On June 2, the country’s top three players [...]
SEOUL, June 2 (Korea Bizwire) — South Korea’s three largest shipbuilders agreed to a 23.6 trillion won (US$19.2 billion) deal that commits them to reserve their liquefied natural gas (LNG) ship construction capacity to meet future orders from Qatar, the Middle Eastern country’s state-run petroleum company said Monday. Qatar Petroleum said in a press release, [...]
SEOUL, May 28 (Korea Bizwire) — South Korean shipbuilders are expected to suffer setbacks in the second half of this year due to weak orders triggered by the coronavirus pandemic and low oil prices, market watchers have said. The data from global market researcher Clarkson Research Service showed that the combined new orders won by [...]
SEOUL, Dec. 29 (Korea Bizwire) — South Korean shipbuilders, led by top player Hyundai Heavy Industries Co., are expected to maintain their status as the world’s top position in new orders this year, although they may fail to meet their annual order targets, industry sources said Sunday. According to the sources, South Korean shipbuilders have [...]
SEOUL, Sept. 17 (Korea Bizwire) — South Korean shipbuilders may receive more orders following drone strikes on Saudi Arabia’s crude processing facilities, analysts here said Tuesday, as the incident is likely to push up demand for liquefied natural gas (LNG) tankers and offshore facilities. Saudi Arabia shut down about half of its oil production Saturday [...]
SEOUL, Sept. 13 (Korea Bizwire) — Share prices of local shipbuilders are sailing higher following massive orders in recent months, analysts here said Friday. Shares in Korea Shipbuilding & Offshore Engineering Co., which manages shipbuilding units of Hyundai Heavy Industries Group, closed at 122,200 won on Wednesday, up 26 percent from one month earlier. Samsung [...]
SEJONG, Sept. 10 (Korea Bizwire) — Major South Korean shipbuilders have been accused of not duly paying subcontractors for their works, industry sources said Tuesday. The Fair Trade Commission launched probes into Hyundai Heavy Industries Co., Samsung Heavy Industries Co. and Daewoo Shipbuilding & Marine Engineering Co. over their alleged failures to pay subcontractors between [...]
SEOUL, Aug. 25 (Korea Bizwire) — South Korean shipbuilders are anticipated to miss their annual order targets in 2019 amid the drawn-out U.S.-China trade dispute and the global economic slowdown, industry watchers said Sunday. The country’s top three shipyards — Hyundai Heavy Industries Group, Samsung Heavy Industries Co. and Daewoo Shipbuilding & Marine Engineering Co. [...]
SEOUL, Jul. 31 (Korea Bizwire) — When it comes to autonomous transportation, self-driving or autonomous cars backed by artificial intelligence, big data and lots of sensors springs to mind. But the highly touted technology is just not confined to on land or in the air — autonomous driving is also one of the hot topics [...]