'Big 3' Shipbuilders Likely to Win $20B in Orders

Monday, September 24, 2007
The world’s top three shipbuilders - Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering (DSME) - are each expected to receive $20 billion worth of ship orders this year in what market observers say is a milestone in the industry, according to a report in the Korea Times.

Hyundai Heavy, which has reaped $15.7 billion worth of contracts so far this year, is reportedly negotiating with European companies to build more high-value added larger container ships.Samsung Heavy also expects to receive $20 billion worth of contracts this year. On Tuesday, Samsung announced it has won a $1.2 billion contract to build two drillships from an unidentified company. The company said it will deliver the vessels by March 2011. DSME also has recently revised its contract target up to $17 billion. Last month, DSME received an order to build ships and marine facilities worth $2.1 billion. Nine super-size container ships and one drill ship from a European company will be delivered by 2011. South Korea, home to seven of the world’s top 10 shipyards, has won all the contracts to build a total of 11 drillships so far this year.

[Source: The Korea Times]

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

Primeline Turns Against CNOOC

Primeline Energy Holdings Inc. announces that it has sent a letter to China National Offshore Oil Corporation (CNOOC) and CNOOC China Limited (CCL) (together CNOOC

Sovcomflot IPO Soon

The long-awaited initial public offering (IPO) of Sovcomflot, which runs one of the world’s largest tanker and gas carrier fleets, has moved a step closer.    Economy

First Cruise Company Fined under Australia’s New Fuel Rules

Australia’s NSW Environment Protection Authority (EPA) has fined Carnival PLC $15,000 after one of its P&O Cruises ships, the Pacific Jewel, breached new low sulfur fuel regulations in Sydney Harbour.

Shipbuilding

Kongsberg Tech for Peruvian Arctic Research Vessel

Kongsberg Maritime has been chosen to deliver an integrated subsea technology systems package including two HUGIN Autonomous Underwater Vehicles (AUV) for a new

Damen Unveils Multi-role Utility Vessel

Work is due to start shortly on the first of a new class of Damen utility vessel UV2410.   This multi-role platform is the result of extensive consultation with

STX Sells Lorient Shipyard

The shipbuilding group STX France has offloaded its Lorient shipyard to a naval consortium.    The shipyard, which has produced civil and naval vessels, will be purchased by Kership,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Offshore Oil Pipelines Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0937 sec (11 req/sec)