Hyundai nets LNGCs from Greek shipowner
Korea's Hyundai Heavy Industries Group has increased its tally of LNG carrier orders this year to 22, almost half of all LNGC orders contracted worldwide year-to-date. Hyundai Samho Heavy Industries (HSHI) recently signed a contract with Greec...
2019 shipbuilding outlook is dim
The Federation of Korean Industries (FKI) had a seminar on 'Korean industry outlook 2019' on November 21 at the FKI Tower, Seoul, Korea. On the day, industry experts gave their presentations regarding prospects on six core manufacturing and const...
"Most LNGCs ordered speculatively"
It has been suggested that more than half of new LNG carrier orders which have been placed this year are 'speculative' ones. Awilco LNG, a Norwegian LNG carrier operator, has recently released a report, noting that 27 of 42 LNG car...
"Korea's LNGC heyday expected to last long"
While Korean shipbuilders are dominating global LNG carrier order sales market, it is expected that their iron grip on the market will be maintained for quite a long time. Korean 'Big3' shipbuilders have won more than 50 orders placed fo...
"Korea to power up smaller yards"
The Korean government’s recently revealed shipbuilding revitalization plan contains ambitious support package for smaller shipyards. The package includes ordering of 140 units of LNG-powered ships during the 2020-2025 period after a pilot pr...
Korea leading the era of LNG-powered ships
An analyst welcomed the Korean government’s decision to support the shipbuilding industry by ordering LNG-powered ships. Park Moo-Hyun, a researcher at Korea's Hana Financial Investment, commented on November 23 that “the initiative is com...
"Split sale of Sungdong means loss of competitive edge"
Korean local commerce and industry players requested for withdrawal of the split sale plan on Sungdong Shipbuilding & Marine Engineering. Chamber of Commerce and Industry in Tongyeong, South Gyeongsang Province, where the Korean middle-sta...
COSCO won up to nine pulp carriers.
COSCO Shipping Specialized Carriers under China Ocean Shipping (Group) Company (COSCO) has ordered some multipurpose pulp carriers at COSCO Shipping Heavy Industry (Dalian) shipyard. According to foreign media and industry, the company has ord...
Korea government seeking to supplement 52-hour policy
The Prime Minister of Korea Lee Nak-yeon has ordered the Ministry of Employment and Labor (MOEL) to complement 52-hour work policy. In a meeting on the day, the Prime Minister commented that the shipbuilding industry is facing difficulties due...
New Dayang inks LOI for up to 12 BCs
China Development Bank Financial Leasing(CDB FL) turns out to have signed a letter of intent (LOI) with its compatriot New Dayang Shipbuilding for construction of up to 12 bulkers. According to industrial source and foreign press, the ...
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