SEOUL, Dec. 29 (Korea Bizwire) — South Korean shipbuilders lagged behind their Chinese rivals in terms of new global orders in 2022 to take the No. 2 spot in the world for the second straight year, industry data showed Thursday. Local shipbuilders clinched a combined 15.64 million compensated gross tons (CGTs) in new orders this [...]
SEOUL, Dec. 8 (Korea Bizwire) — Management and labor unions of South Korea’s major shipbuilders have reached a tentative agreement on wage negotiations, and such agreements included several solutions on how to deal with the shortage of workers facing domestic shipyards. Hyundai Heavy Industries Co. decided to provide employees who reached retirement age this year [...]
SEOUL, Dec. 6 (Korea Bizwire) — South Korean shipbuilders fell far behind their Chinese rivals in terms of new global orders in November to rank second in the world, industry data showed Tuesday. Local shipbuilders won a combined 1.08 million compensated gross tons (CGTs) in new orders last month, accounting for 38 percent of the [...]
SEOUL, Aug. 10 (Korea Bizwire) — South Korea’s three major shipbuilding companies have achieved nearly 87 percent of their yearly order targets thanks to a jump in orders for high-priced liquefied natural gas (LNG) carriers, government data showed Wednesday. The top three shipyards — Korea Shipbuilding & Offshore Engineering Co. (KSOE), Daewoo Shipbuilding & Marine [...]
SEOUL, Aug. 9 (Korea Bizwire) — South Korean shipbuilders won more than half of new global ship orders in July to take the top spot in the world for the third straight month, industry data showed Tuesday. Local shipyards, led by Hyundai Heavy Industries Co., clinched 1.16 million compensated gross tons (CGTs) in new orders [...]
SEOUL, May 10 (Korea Bizwire) — South Korean shipyards are suffering from a labor shortage due mainly to massive layoffs years earlier, stoking concerns over output disruptions amid bumper orders, industry sources Tuesday. The local shipbuilding industry had a combined workforce of some 93,000 as of the end of last year, down a whopping 54 [...]
SEOUL, Jan. 5 (Korea Bizwire) — South Korean shipbuilders are expected to take the top spot in new global shipbuilding orders for 2020 despite the fallout of the coronavirus pandemic, industry sources said Tuesday. Local shipyards’ new orders came to 7.98 million compensated gross tons (CGTs) as of Dec. 28 last year, ranking first worldwide, [...]
SEOUL, Dec. 24 (Korea Bizwire) — Despite the fallout of the coronavirus pandemic, South Korea’s big three shipbuilders have fared relatively well this year as they clinch a majority of global orders for liquefied natural gas (LNG) ships and very large crude carriers (VLCCs), industry sources said Thursday The trio — Korea Shipbuilding & Offshore [...]
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 [...]
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. [...]