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Project Insights

Healthy order books may push South Korean shipbuilders back into profit

A rising number of orders for new vessels could put South Korea’s shipbuilders back into profit after a difficult few years
By Staff reporter 3 September 2018 Asia Pacific / LNG 0 32387

A rising number of orders for new vessels could put South Korea’s shipbuilders back into profit after a difficult few years, according to the Financial Times.

New orders have come for large container ships, oil tankers and LNG carriers, and increased by 30% in the first seven months of the year.

The big three companies – Hyundai Heavy Industries, Samsung Heavy Industries, and Daewoo Shipbuilding & Marine Engineering – received 42% of commercial ship orders in the first seven months of...