Shipbuilders have hit 70 percent of their targets for orders this year, but earnings are not living up to expectations.
Hyundai Heavy Industries Holdings' net nosedived more than 90 percent in the April-June period compared to the previous quarter.
Korea Shipbuilding & Offshore Engineering (KSOE) on Wednesday said it has turned to a net loss in the second quarter of the year on increased cost stemming from a surge in prices of steel plates.
Korea Shipbuilding & Offshore Engineering (KSOE) said Wednesday that it has agreed with a state-run lender to extend a deal to buy Daewoo Shipbuilding & Marine Engineering (DSME) by three months.
Samsung Electronics on Monday announced the global launch of its upgraded gaming monitors as the Korean tech giant tries to boost sales amid the stay-at-home trend.
Korea Shipbuilding & Offshore Engineering (KSOE) said Monday that it has signed deals worth 348 billion won ($308 million) to build six ships.
Hyundai Samho Heavy Industries, a unit of KSOE, will build and deliver the vessel by October 2023, KSOE said in a regulatory filing.
The number of contracts for ship purchases so far this year have surged as the global economy starts to recover and demand for eco-friendly ships increases.
Shares in Korea's leading shipbuilders and shippers shot up on Monday as the sector is positioned to fare better in the months to come on an economic recovery.
Korea Shipbuilding & Offshore Engineering (Ksoe) is estimated to have posted weak earnings in the first quarter, affected by sluggish new orders clinched last year amid the pandemic, industry watchers said Saturday.