The country's three biggest shipbuilders all logged operating profit in the first quarter on the back of rising ship prices and reduced production costs.
HD Korea Shipbuilding & Offshore Engineering has signed an agreement with Korea East-West Power and the Korea SMEs and Startups Agency to replace equipment that reduces greenhouse gas emissions.
HD Korea Shipbuilding & Offshore Engineering won a 631.9 billion-won ($466.4 million) order to build four very large ammonia carriers (VLAC) for a European shipper.
The Bank of Japan raised its interest rates for the first time in 17 years, which analysts expect to impact the competitiveness of Korean products and corporate products. Effects on semiconductors will likely be minimal.
Major Korean shipyard HD Korea Shipbuilding & Offshore Engineering said Monday it has bagged a 489.6 billion-won ($372 million) order to build three very large ammonia carriers for an Oceanian shipper.
Korea’s shipbuilding and shipping stocks traded strong for a second day in a row on Friday as the sector emerges as the latest battleground between the world’s two largest economies.
HD Korea Shipbuilding & Offshore Engineering hit 53 percent of its 2024 order target in just two months as orders for 14 vessels came in during the last week of February.
HD Korea Shipbuilding & Offshore Engineering, Hyundai Glovis, Woodside and MOL will collaborate to develop a marine transportation system for liquefied hydrogen.
HD Korea Shipbuilding & Offshore Engineering secured a $366 million order to build three very large ammonia carriers for a Central and South American shipper, with delivery scheduled for June 2028.
HD Korea Shipbuilding & Offshore Engineering (HD KSOE) inked a contract with a European shipping company for two very large gas carriers (VLGC) at 303.2 billion won ($230.5 million), marking the first contract of the year 2024.
Korea JoongAng Daily Sitemap