'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 Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

EU Regs on Ship CO2 Reporting Complicates IMO Agreement

ICS Concerned that EU will Preempt IMO CO2 Negotiations.   The global trade association for shipowners – the International Chamber of Shipping (ICS) – is disappointed

New Players in Singapore Markets in OW's Absence

The downfall of a leading marine fuel supplier that prompted sellers to tighten credit terms in Singapore is skewing the post-OW Bunker jostle for market share

Japan Military Wants China "Crisis Management" Pact

Japan's highest-ranking military officer on Friday urged an early start to a "crisis management" mechanism with China amid conflicting claims to a group of tiny East China Sea islands.

Shipbuilding

World’s Largest Boxship is DNV GL classed

CSCL Globe, the world’s largest containership and the first of a series of five 19,100 TEU containerships ordered by China Shipping Container Lines (CSCL) in 2013,

ESSA's Fleet Upgradation Environmental Driven

State-controlled Exportadora de Sal SA de CV of Mexico ("ESSA"), one of the world’s largest salt exporters with a 10-million-ton annual production, has strengthened

Kleven Wins New Yacht Contract

Norwegian ship builder Kleven has secured a new contract for a high specification, 116-metre long Expedition Support Vessel. The order is placed by Mr Graeme Hart,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Pipelines Pod Propulsion Port Authority Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1990 sec (5 req/sec)