shipbuilding Archives | Be Korea-savvy
Chinese Shipbuilders Win Huge Chunk of Orders from S. Korean Shippers

Chinese Shipbuilders Win Huge Chunk of Orders from S. Korean Shippers

SEOUL, May 22 (Korea Bizwire) – Chinese shipbuilders have received orders from South Korean shippers to build 13 ships so far this year, while their South Korean rivals clinched deals from local shippers to build just seven ships, industry sources said Monday. According to related data, local shippers have placed orders so far this year [...]

Slump-Hit Shipbuilding Sector Cuts Workforce in 2016

Slump-Hit Shipbuilding Sector Cuts Workforce in 2016

SEOUL, May 17 (Korea Bizwire) – South Korean shipbuilders and related firms sharply reduced the size of their workforces last year in the face of a drawn-out slump, industry data showed Tuesday. According to the data compiled by industry tracker Chaebul.com, the shipbuilding sector slashed its workforce by 8,670 last year, or a 14.8 percent cut. The figure includes regular and nonregular workers. South Korea’s major [...]

S. Korean Shipyards Outpace Chinese Rivals in April New Orders

S. Korean Shipyards Outpace Chinese Rivals in April New Orders

SEOUL, May 10 (Korea Bizwire) – South Korean shipyards came in first in terms of new orders secured in April, with their order backlog continuing to slip, industry data showed on Wednesday.  According to the data compiled by global research firm Clarkson Research Institute, Korean shipyards clinched new orders worth a combined 340,000 compensated gross [...]

Daewoo Shipbuilding’s Main Bondholder Accepts Debt Rescheduling Measures

Daewoo Shipbuilding’s Main Bondholder Accepts Debt Rescheduling Measures

SEOUL, April 17 (Korea Bizwire) – The main bondholder of Daewoo Shipbuilding & Marine Engineering Co. on Monday agreed to the voluntary debt rescheduling measures proposed by the state-run Korea Development Bank (KDB).  The National Pension Service Investment Management said it held a meeting of its investment committee and accepted measures to keep afloat the [...]

Daewoo Shipbuilding Wins Orders to Build VLCCs for Local Shipping Firm

Daewoo Shipbuilding Wins Orders to Build VLCCs for Local Shipping Firm

SEOUL, April 10 (Korea Bizwire) – Daewoo Shipbuilding and Marine Engineering has won orders from local shipping firm Hyundai Merchant Marine to build very large crude carriers (VLCCs) that would give the troubled shipbuilder contracts worth some 900 billion won (US$792.25 million), Daewoo officials said Sunday.  The two companies signed a letter of intent on [...]