Shipbuilders have hit 70 percent of their targets for orders this year, but earnings are not living up to expectations.
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.
Samsung Heavy Industries said Monday it has signed a 781 billion won ($707 million) deal to build five liquefied natural gas (LNG)-fired container carriers.
Daewoo Shipbuilding & Marine Engineering (DSME) signed a letter of intent to build 10 very large crude-oil carriers (VLCCs) that run on liquefied natural gas (LNG).
Daewoo Shipbuilding & Marine Engineering (DSME) has successfully tested a process that allows the shipbuilder to load liquefied natural gas (LNG) to a vessel within its own dockyard.
The Fair Trade Commission (FTC) on Wednesday said Saint-Rémy-lès-Chevreuse, France-based Gaztransport & Technigaz (GTT) was fined 12.5 billion won ($11.3 million) for the violation.
Samsung Heavy Industries has won a $2.5 billion deal with an undisclosed European shipper to supply vessel blocks and equipment.
Posco Energy is set to become the first Korean company operating a liquefied natural gas (LNG) terminal.
Hyundai Samho Heavy Industries is delivering a large liquefied natural gas (LNG)-powered container vessel next month.
Korea Shipbuilding & Offshore Engineering (KSOE) landed a $745 million order to build four liquefied natural gas (LNG)-powered ships for a company based in Europe, becoming the first shipbuilder in the country this year to get LNG carrier orders.