SEOUL, Apr. 6 (Korea Bizwire) — South Korean shipbuilders beat their global rivals in ship orders in the first quarter, according to data by Clarkson Research Services. In the January-March period, South Korean shipbuilders clinched orders equal to 2.63 million compensated gross tons (CGTs) to build 52 vessels. This accounted for 42.2 percent of ship [...]
SEOUL, Jan. 29 (Korea Bizwire) — South Korea’s leading shipyards had the top three order backlogs among global shipbuilders at the end of 2017 due mainly to work received before the worldwide drop in demand, industry data showed Sunday. According to Clarkson Research’s latest World Shipyard Monitor, Daewoo Shipbuilding and Marine Engineering Co. (DSME) Okpo, [...]
ANSAN, Oct. 18 (Korea Bizwire) – Emergency quarantine protocols were put in place at the Port of Busan after foreign red fire ants were discovered at a nearby open-air yard for shipping containers late last month. Questions over whether the protocols need to be expanded have been raised after a live lizard was discovered inside [...]
SEOUL, Aug. 27 (Korea Bizwire) — South Korean shipyards, led by Hyundai Heavy Industries Co., are still struggling to cut costs through unpaid leave for their workers and shutting down dry docks idled amid a lack of orders, industry sources said Sunday. For decades, the shipbuilding sector has been one of the key growth drivers [...]
SEOUL, March 8 (Korea Bizwire) – South Korean shipyards stood at third place in terms of new orders secured last month, from the top slot the previous month, 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 160,000 compensated [...]
SEOUL, March 7 (Korea Bizwire) – After suffering record losses last year, South Korean shipbuilders may have to brace for yet another tough year based on a prolonged global slump stemming from low oil prices and tougher competition with Chinese rivals, sources said Monday. The nation’s big three shipyards — Hyundai Heavy Industries Co., Daewoo [...]
SEOUL, Jan. 7 (Korea Bizwire) – South Korea’s big three shipbuilders probably posted a record operating loss in 2015, stung by a combination of a prolonged industry slump, a series of order cancellations and a delay in the construction of offshore facilities, data showed Thursday. According to the industry data, the top three shipyards — [...]
ULSAN, July 21 (Korea Bizwire) – Ulsan’s many attractions are rapidly making it a hot spot for family travel. According to the Ulsan Metropolitan Government, approximately 11,000 guests stayed at its three largest accommodations including Hyundai Hotel, and 80 percent of them came to Ulsan with their children. City officials explain that the large number [...]