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S. Korean Shipyards Retain Top Spot in New Orders in August

S. Korean Shipyards Retain Top Spot in New Orders in August

SEOUL, Sept. 8 (Korea Bizwire) — South Korean shipbuilders took the No. 1 ranking in new shipping orders in August for the second consecutive month on the back of orders for liquefied natural gas carriers, industry data showed Tuesday. According to the data provided by global market researcher Clarkson Research Service, the Korean shipbuilders’ new [...]

Korean Shipyards Eye More LNG Ship Orders After Qatar Megadeal

Korean Shipyards Eye More LNG Ship Orders After Qatar Megadeal

SEOUL, June 3 (Korea Bizwire) — South Korea’s three major shipyards are on course to win more overseas orders for liquefied natural gas (LNG) carriers following a massive deal from Qatar, industry sources said Wednesday. The shipbuilders — Hyundai Heavy Industries Co., Samsung Heavy Industries Co. and Daewoo Shipbuilding & Marine Engineering Co. (DSME) — [...]

Korean Shipyards Tipped to Maintain No. 1 Spot in New Orders This Year

Korean Shipyards Tipped to Maintain No. 1 Spot in New Orders This Year

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 [...]

Major Shipyards to Hire Workers Despite Ongoing Belt-tightening Mode

Major Shipyards to Hire Workers Despite Ongoing Belt-tightening Mode

SEOUL, Mar. 25 (Korea Bizwire) — South Korea’s major shipbuilders are planning to recruit new workers despite the ongoing belt-tightening mode on hopes that the industry is on track towards recovery, sources said Monday. Although they did not finalize the details on the new hiring, the major shipyards are considering recruiting a small number of [...]

S. Korean Shipyards Fare Well in 2018

S. Korean Shipyards Fare Well in 2018

SEOUL, Dec. 24 (Korea Bizwire) — South Korean shipbuilders showed better-than-expected performances this year on a rise in new orders, especially those for LNG ships, industry sources said Monday. The country’s shipbuilding sector, once a cornerstone of the country’s economic growth and job creation, has been reeling from mounting losses in the past few years, [...]

S. Korea Unveils Measures for Troubled Smaller Shipyards

S. Korea Unveils Measures for Troubled Smaller Shipyards

SEOUL, Nov. 22 (Korea Bizwire) — South Korea announced Thursday a package of measures to help ease the hardships of small and midsized shipbuilders that are struggling from a lack of new orders. The shipbuilding industry, once a cornerstone of the South Korea’s economic growth and job creation, has been reeling from mounting losses caused [...]

Retail Sales, Industrial Output Face Slump in Restructuring-hit Regions

Retail Sales, Industrial Output Face Slump in Restructuring-hit Regions

SEOUL, Nov. 15 (Korea Bizwire) — Retail sales and industrial output in restructuring-hit regions remained in a slump in the third quarter, government data showed Thursday. According to the data compiled by Statistics Korea, retail sales in South Gyeongsang Province, North Jeolla Province and Ulsan declined 2.3 percent, 1.2 percent and 1.2 percent, respectively, in [...]