"Shipbuilding·shipping still on high bad loans" [Finance]
In the second quarter of this year, the ratio of bad loans in Korean banks stood at 1.25%, the lowest since late 2012 (1.33%). It was attributable to the fact that the restructuring of shipbuilding and shipping industry has been completed, and ba...
2017-08-24 07:14:48
“China lacks experience in dual-fuelled ship" [Shipbuilding]
Concerns are growing that Chinese shipbuilding industry will surpass Korean as Shanghai Waigaoqiao Shipbuilding (SWS) beat Hyundai Heavy Industries in ultra large containership competition last week. However, it has been pointed out that the cont...
2017-08-24 07:13:49
Official statement from STX on fatal accident [General]
Jang Yoon-geun, a representative director of STX Offshore & Shipbuilding (STX O&S) announced on August 21 night an official statement on recent fatal explosion, containing an apology to the bereaved and plans for a ‘company-wide safety ...
2017-08-24 07:13:26
NB orders show 76% yoy increase [Shipbuilding]
2017 newbuilding order intake of global shipbuilding industry through July is estimated to be 409 units at 31.4m dwt (11.3m cgt), showing 76% yoy increase in annualized basis.   According to Clarkson Research, annualized global tanker newb...
2017-08-24 07:12:28
“Reports on STX-Sungdong merger are groundless” [Shipbuilding]
Ministry of Strategy and Finance (MOSF) of Korea announced on August 23 that it is not pursuing a merger between STX Offshore & Shipbuilding (STX O&S) and Sungdong Shipbuilding & Marine Engineering.   A Korean media on the same...
2017-08-24 07:12:01
"SHI likely to win additional offshore plants in 2H" [Offshore]
A Korean industry expert has recently expected that Samsung Heavy Industries is highly likely to expand its order pool and continue a stable performance.  Kim Hong-Gyun, a researcher at Dongbu Securities of Korea, noted, "The share price ...
2017-08-24 07:11:33
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