'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 April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

Truckers to Strike Four SoCal Shippers

Truckers who haul freight from the ports of Los Angeles and Long Beach will go on strike against four ground-shipment companies on Monday, a Teamsters union official said,

Maritime Tension Dominates Southeast Asia Summit

Southeast Asian leaders edged closer to open criticism of China's land reclamation in the disputed South China Sea at a regional summit on Monday, as the Philippines

PSA Commissions new Dammam Terminal

Saudi Global Ports LLC (SGP), a joint-venture company formed between the Public Investment Fund (PIF) of the Kingdom of Saudi Arabia and PSA International (PSA)

Shipbuilding

SENER Debuts Latest FORAN Release

At  Sinaval-Eurofishing in Bilbao, Spain, Sener will present enhancements in the shipbuilding CAD/CAM system FORAN, in all disciplines (forms, naval architecture and general arrangement,

BHGI-designed ATB Unit Under Construction

Bristol Harbor Group, Inc. (BHGI) informs it is currently completing the detail design phase of a 399’ x 74’ x 30’ 80,000 BBL double hull oil tank barge and a 120’

Scorpio Bulkers Sells Three Newbuilds for $111m

Scorpio Bulkers Inc. announced that it has entered into agreements to sell three newbuild dry bulk vessels, including two Capesize ships and an Ultramax ship, for

 
 
Maritime Security Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
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: 0.1320 sec (8 req/sec)