SEOUL, Jul. 2 (Korea Bizwire) — South Korea’s industry ministry said Tuesday it plans to pursue investment projects worth 2 trillion won (US$1.44 billion) over the next 10 years with businesses to leverage smart and clean energy technologies in the shipbuilding industry. The government unveiled the initiative as part of Vision 2040, a strategic plan [...]
WASHINGTON, Apr. 11 (Korea Bizwire) — U.S. Secretary of the Navy Carlos Del Toro has noted South Korea’s capabilities to build high-quality ships, including warships, in a cost-effective way while voicing concerns that America’s shipbuilding capabilities have “atrophied” over the past decades. Toro made the remarks during an event organized by the Navy League in [...]
SEOUL, Apr. 3 (Korea Bizwire) — South Korean shipbuilders ranked first in new global orders in the first three months of 2024 in terms of value, outpacing their Chinese rivals, data showed Wednesday. Local shipyards won US$13.6 billion in new orders over the January-March period, up 41.4 percent on-year, according to the Ministry of Trade, [...]
SEOUL, Jan. 24 (Korea Bizwire) — High value-added ammonia carries have emerged as a new marketplace for South Korean shipbuilders, industry data showed Wednesday, amid a recent surge in global orders in line with a decarbonization trend. HD Korea Shipbuilding & Offshore Engineering Co. and two smaller rivals in South Korea have clinched all 15 [...]
SEOUL, Dec. 5 (Korea Bizwire) — South Korea fell to second place in new global shipbuilding orders in November to trail behind China again, industry data showed Tuesday. South Korean shipyards clinched orders totaling 570,000 compensated gross tons (CGTs) for 15 ships, accounting for 36 percent of the global total of 1.59 million CGTs last [...]
SEOUL, Nov. 29 (Korea Bizwire) — South Korean shipbuilders are widely expected to lag far behind their Chinese rivals in new global orders to place second worldwide in 2023 amid falling demand, according to industry data Wednesday. Local shipyards won a combined 9.55 million compensated gross tons (CGTs) in new orders in the first 11 [...]
SEOUL, Nov. 7 (Korea Bizwire) — South Korea regained the top spot in new global shipbuilding orders for the first time in three months in October, industry data showed Tuesday. Local shipyards clinched orders totaling 1.54 million compensated gross tons (CGTs) to build 18 ships, accounting for 62 percent of the global total of 2.49 [...]
SEOUL, Sept. 27 (Korea Bizwire) — Top industry officials of South Korea and Qatar discussed ways Wednesday to enhance bilateral cooperation on the energy and shipbuilding industries, Seoul’s industry ministry said. During the meeting in Seoul, South Korea’s Industry Minister Bang Moon-kyu and Qatar’s Minister of State for Energy Affairs Saad Sherida Al-Kaabi discussed how [...]
SEOUL, Aug. 14 (Korea Bizwire) — South Korea recaptured the top spot in new global shipbuilding orders for the first time in five months in July, industry data showed Monday. Local shipyards clinched orders totaling 1.46 million compensated gross tons (CGTs) to build 29 ships, accounting for 44 percent of the global total of 3.33 [...]
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 [...]