Both major and mid-sized shipbuilders' orders are on the rise as demand for liquefied natural gas (LNG) carriers grow.
Survivors of the Cheonan sinking boycotted a launch ceremony Tuesday for a new frigate named after the sunken ship, in protest of the state communications commission's decision to not penalize a series of conspiracy videos about the ship's sinking.
Samsung Heavy Industries signed a 971.3-billion-won ($831.5 million) deal to build four liquefied natural gas (LNG) carriers.
On Thursday the Ministry of Trade, Industry and Energy laid out its so-called “K-ship” strategy. The goal is to maintain workers in the industry and help with hiring and training.This includes new hires and rehiring of retired shipbuilding workers.
HMM’s union agreed to renegotiate a wage increase next week, putting off a threat of a mass resignation next Wednesday as a form of a strike.
Korean shipbuilders retained their top status in terms of new orders for the third month in a row in July, beating their Chinese and Japanese rivals, industry data showed Wednesday.
Korean shipbuilders are faring well as orders surge, but strikes and high costs may cap the rally.
Global ship orders hit a seven-year high in the first half, with Korea coming in second behind China in terms of orders received, according to Clarksons Research data.
The Navy on Monday held a commissioning ceremony in the southern port of Jinhae, South Gyeongsang for Korea's 14,500-ton amphibious assault ship, which will enter service in October, the military said Monday.
Hyundai Heavy Industries (HHI) Group demonstrated a self-navigating passenger boat on the Pohang Canal, Wednesday. The 12-passenger vessel departed on its own, sailed 10 kilometers and docked with zero human interference.