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Ammonia Carriers Emerge as ‘Blue Ocean’ for S. Korean Shipyards

Ammonia Carriers Emerge as ‘Blue Ocean’ for S. Korean Shipyards

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 [...]

S. Korea Drops to 2nd Place in Global Shipbuilding Orders in Nov.

S. Korea Drops to 2nd Place in Global Shipbuilding Orders in Nov.

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 [...]

S. Korean Shipyards Forecast to Rank 2nd in New Global Orders in 2023

S. Korean Shipyards Forecast to Rank 2nd in New Global Orders in 2023

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 [...]

S. Korea, Qatar Discuss Stronger Energy, Shipbuilding Ties

S. Korea, Qatar Discuss Stronger Energy, Shipbuilding Ties

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 [...]

S. Korea Retakes No. 1 Spot in Global Shipbuilding Orders in July

S. Korea Retakes No. 1 Spot in Global Shipbuilding Orders in July

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 [...]

S. Korea Maintains No.1 Spot in New Shipbuilding Orders for 4th Month

S. Korea Maintains No.1 Spot in New Shipbuilding Orders for 4th Month

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, [...]

Top Shipbuilder Hyundai Heavy Industries Looking to Buy Smaller Rival: Sources

Top Shipbuilder Hyundai Heavy Industries Looking to Buy Smaller Rival: Sources

SEOUL, Jan. 30 (Korea Bizwire) — South Korea’s Hyundai Heavy Industries Group is seeking to buy its smaller rival, Daewoo Shipbuilding & Marine Engineering, industry sources said Wednesday, in what could be a major shakeup in the sector.  The country’s top shipbuilder is in talks with state-run Korea Development Bank (KDB), a creditor bank that [...]

S. Korea Recaptures No. 1 Spot in Shipbuilding Orders in 2018

S. Korea Recaptures No. 1 Spot in Shipbuilding Orders in 2018

SEOUL, Jan. 8 (Korea Bizwire) — South Korean shipyards, for the first time in seven years, ranked No. 1 in 2018 in terms of annual orders secured, industry data showed Tuesday. According to the data compiled by global research firm Clarkson Research Institute, local shipbuilders clinched new orders totaling a combined 12.63 million compensated gross [...]