Korea Joongang Daily
Korea JoongAng Daily

Korean shipbuilders post strong Q2 earnings amid rising sales, operating profits

Korea’s major shipbuilders are reporting strong second-quarter earnings, with rising sales and operating profits adding momentum to an industry seen as a key leverage point in ongoing trade negotiations with the United States.

2025-07-29

Philly Shipyard gets 1st LNG order from Hanwha Shipping

Philly Shipyard, a U.S. shipbuilder owned by Hanwha Ocean, has received its first-ever order for a liquefied natural gas (LNG) carrier from Hanwha Shipping, a shipping affiliate of Hanwha Group.

2025-07-22

Samsung Heavy Industries lands largest-ever contract of $3.44 billion

Samsung Heavy Industries secured a $3.44 billion contract to build 15 LNG carriers for a shipper rumored to be Qatar's state-run QatarEnergy.

2024-02-06

Samsung Heavy Industries remains in black with $46M profit

Samsung Heavy Industries stayed in the black for a second consecutive quarter, reporting an operating profit of 58.9 billion won ($46.1 million) driven by its focus on high-profit vessels including liquefied natural gas (LNG) carriers.

2023-07-27

Korean shipbuilders rank No. 2 for second straight year in 2022

Korean shipbuilders lagged behind their Chinese rivals in terms of new global orders in 2022 to take the No. 2 spot in the world for the second straight year, industry data showed Thursday

2022-12-29

Samsung Heavy wins 331.3 billion-won order for 1 LNG carrier

Korean shipyard Samsung Heavy Industries said Wednesday it has bagged a 331.3 billion-won ($250 million) order to build one liquefied natural gas (LNG) carrier for an Oceanian shipper.

2022-11-30

DSME signs letter of intent for 10 dual-fuel VLCCs

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).

2020-12-07

LNG tech monopoly fined by FTC for abusing dominant position

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.

2020-11-25