Tuesday, June 2, 2020
south korean shipbuilding
Maritime News

$19 Billion LNG Ship Order a Boon for South Korean Shipbuilders

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...

June 2, 2020
Total Views: 131

Monday, February 10, 2020
south korean shipbuilding
Maritime News

Japan Takes Second Complaint to WTO Over South Korean Shipbuilding

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...

February 10, 2020
Total Views: 45

Tuesday, December 17, 2019
daewoo shipbuilding
Maritime News

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...

December 17, 2019
Total Views: 32

Thursday, January 31, 2019
hyundai heavy shipyard
Interesting

South Korea to Combine World’s Two Biggest Shipbuilders in $2 Billion Deal

By Hyunjoo Jin SEOUL, Jan 31 (Reuters) – Hyundai Heavy Industries, the world’s biggest shipbuilding group, has announced a share swap deal worth 2.1 trillion won ($1.98 billion) to take...

January 31, 2019
Total Views: 124

Tuesday, November 13, 2018
south korean shipbuilding
Maritime News

Japan Takes South Korea to WTO Over Financial Support for Shipbuilders

By Tom Miles GENEVA, Nov 13 (Reuters) – Japan has launched a complaint at the World Trade Organization to contest what it says is illegal financial support given by South...

November 13, 2018
Total Views: 1

Monday, June 4, 2018
daewoo shipbuilding
Maritime News

Fund Manager Bets on Revival of South Korean Shipbuilders

By Heejin Kim and Kyunghee Park (Bloomberg) — Park Hong-sik, a fund manager who correctly predicted the rally of South Korean technology stocks in 2017, has a new bet for...

June 4, 2018
Total Views: 2

Monday, May 28, 2018
Maritime News

South Korea to Offer ‘Industry Crisis’ Funding to Hard-Hit Shipbuilding Regions

SEOUL, May 29 (Reuters) – South Korean Finance Minister Kim Dong-yeon said on Tuesday the government will designate five key shipbuilding centres on the country’s south coast as “industry crisis”...

May 28, 2018
Total Views: 35

Thursday, October 26, 2017
Maritime News

South Korean Shipyards in Tough Battle with Undercutting Chinese Rivals

By Mike Wackett in Busan (The Loadstar) – South Korean shipyards are in a battle with Chinese rivals, over construction of ultra-large container vessels, that they cannot win. That was...

October 26, 2017
Total Views: 8

Thursday, April 27, 2017
Maritime News

World’s Top Two Shipyards Signal More Orders as Earnings Improve

By Kyunghee Park (Bloomberg) — The world’s two biggest shipbuilders reported profit and issued an improved outlook, indicating South Korea’s shipyards may finally be emerging from two years of restructuring. Daewoo Shipbuilding...

April 27, 2017
Total Views: 5

Thursday, March 23, 2017
daewoo shipbuilding
News

DSME Gets Fresh $2.6 Billion Bailout

By Joyce Lee SEOUL, March 23 (Reuters) – South Korean state banks are preparing a fresh $2.6 billion bailout for floundering Daewoo Shipbuilding & Marine Engineering Co Ltd, which has...

March 23, 2017
Total Views: 92

Friday, March 3, 2017
DSME Shipyard South Korea
Maritime News

Where South Korea’s Teetering, Debt-Laden Companies Go to Bank

By Kyunghee Park and Jung Park (Bloomberg) — Last August, the Korea Development Bank left cash-strapped Hanjin Shipping Co. adrift at sea — literally. South Korea’s state-owned lender, the nation’s largest...

March 3, 2017
Total Views: 6

Wednesday, January 4, 2017
hyundai heavy industries shipbuilding
Maritime News

Japan Overtakes South Korea in Ranking of Biggest Shipbuilding Nations

For the first time in nearly two decades Japanese shipbuilders have overtaken rivals in South Korea in terms of newbuild order backlog, industry data shows. According to Clarskon Research data...

January 4, 2017
Total Views: 269

Friday, December 23, 2016
Maritime News

More Asian Defaults Loom in 2017 Amid Korea Shipyard Debt

By Jung Park (Bloomberg) — As if investors in Asia’s troubled corporate bond markets don’t have enough to worry about, concern is mounting about whether South Korean shipyards will be...

December 23, 2016
Total Views: 6

Sunday, October 30, 2016
Samsung Heavy Industries Shipbuilding (Geoje, South Korea)
Maritime News

South Korea to Spend $10 Billion to Boost Local Shipbuilers

By Jiyeun Lee, Kanga Kong and Kyunghee Park (Bloomberg) — South Korea, home to the world’s three biggest shipbuilders, plans to spend about 11 trillion won ($9.6 billion) by 2020 to...

October 30, 2016
Total Views: 38

Maritime News

South Korea to Create State-Backed Ship Financing Company

By Joyce Lee and Cynthia Kim SEOUL, Oct 31 (Reuters) – South Korea said on Monday it plans to establish a state-backed ship financing company with an initial capital of...

October 30, 2016
Total Views: 1

Thursday, July 28, 2016
hyundai heavy industries shipbuilding
Maritime News

Hyundai Heavy Industries Jumps After Posting Biggest Profit in 3 Years

By Kyunghee Park (Bloomberg) — Hyundai Heavy Industries Co. gained the most in more than a year in Seoul trading after the world’s largest shipbuilder posted its biggest quarterly profit...

July 28, 2016
Total Views: 1

Wednesday, July 27, 2016
hyundai heavy shipyard
Maritime News

Hyundai Heavy Posts Biggest Profit in 3 Years on Cutting Costs

By Kyunghee Park (Bloomberg) — Hyundai Heavy Industries Co. reported its biggest quarterly profit in three years as the world’s largest shipbuilder cut costs under its restructuring efforts and its...

July 27, 2016
Total Views: 20

Wednesday, June 8, 2016
DSME Shipyard South Korea
Maritime News

South Korean Prosecutors Raid DSME Offices

By Kyunghee Park (Bloomberg) — South Korea’s prosecutors raided the offices of Daewoo Shipbuilding & Marine Engineering Co. as the world’s second-largest shipbuilder tries to raise funds through asset sales...

June 8, 2016
Total Views: 1

Wednesday, June 1, 2016
Maritime News

South Korean Shipbuilders Approved for Asset Sales, Cost Cuts

SEOUL, June 1 (Reuters) – The lead creditors of two of South Korea’s biggest shipbuilders have provisionally approved plans by Hyundai Heavy Industries and Samsung Heavy Industries to raise up...

June 1, 2016
Total Views: 0

Tuesday, May 31, 2016
Maritime News

South Korean Shipbuilding Hub Battens Down the Hatches as Orderbooks Shrink

By Joyce Lee GEOJE, South Korea, June 1 (Reuters) – Geoje Island, off the southeastern tip of the Korean peninsula, appears as prosperous as ever: foreign cars cruise the streets,...

May 31, 2016
Total Views: 2