SEOUL, June 2 (Reuters) - South Korea's ailing shipbuilders have been thrown a lifeline in an increasingly tough market with a $19 billion order from Qatar Petroleum (QP) for liquefied natural gas (LNG) ships, analysts said on Tuesday. Qatar's state-run LNG producer signed agreements with South Korea's "Big 3" shipyards on Monday to secure more than 100 ships through 2027, … [Read more...]
Qatar Launches Largest LNG Shipbuilding Program in History at Korean Yards
State-owned Qatar Petroleum has entered into shipbuilding agreements with South Korea’s “Big 3” shipyards for the construction of up to 100 LNG carriers valued at more than US$19 billion. The deal is beleived to be the largest LNG shipbuilding program in history. Under the agreement, Daewoo Shipbuilding & Marine Engineering (DSME), Hyundai Heavy Industries (HHI) and … [Read more...]
Japan Takes Second Complaint to WTO Over South Korean Shipbuilding
A worker near a ship which is currently under construction at Hyundai Heavy Industries' Shipyard in Ulsan, South Korea, May 13, 2015. REUTERS/Kim Hong-Ji/File Photo BRUSSELS, Feb 10 (Reuters) - Japan launched a second complaint at the World Trade Organization on Monday over support South Korea gives its shipbuilding industry, intensifying a wider dispute between the two … [Read more...]
Kleven Verft to Get New Owners
Croatian industrial group DIV Group has agreed to purchase Norwegian shipyard Kleven Verft from Hurtigruten. DIV Group is owner of Brodosplit, the largest shipyard in Croatia. Under the deal, which is expected to be finalized in a matter of weeks, Kleven Verft will keep its name and operate as its own company under the DIV Group umbrella. Kleven Verft is loceted in … [Read more...]
Hyundai Heavy’s $1.8 Billion Deal with DSME Hits EU Antitrust Hurdle
By Foo Yun Chee BRUSSELS, Dec 17 (Reuters) - World No. 1 shipbuilding group Hyundai Heavy Industries Holdings Co Ltd's $1.8 billion merger with rival Daewoo could inflate prices, EU antitrust regulators warned on Tuesday as they opened a full-scale investigation. Hyundai is seeking to reinforce its position as the world's biggest shipbuilder partly in response to … [Read more...]