Hyundai Heavy's October Orders Fall

Monday, November 24, 2008

According to a report from Asia Pulse Data Source, Hyundai Heavy Industries Co., said that its orders sank 57 percent in October from a year earlier on falling demand for new ships, reflecting a declining shipbuilding cycle.

The orders received last month fell to $325m from $758m a year earlier, the shipyard said in a regulatory filing.
The company said it did not receive new orders for ships this month. Contracts for marine engines plunged 99 percent to $2m last month and those for construction equipment fell 35 percent to $169m, it said. Orders for offshore platforms more than doubled to $15m, according to Hyundai Heavy.
In the first 10 months of the year, Hyundai Heavy's orders gained 20 percent to $26.1b.

(Source: Asia Pulse Data Source)

Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Are Megaships Game Changers?

Bragging rights for the world’s largest container ship have changed hands four times in as many months and keep on shifting again, says a report in the Bloomberg.

Two Mooring Tugs Delivered to NSW

Nakilat Damen Shipyards Qatar (NDSQ) has delivered two new Qatari-built mooring tugs to towage operator Nakilat SvitzerWijsmuller (NSW).   The delivery of the

Tank Coating for Navig8 Chemical Carrier Newbuilds

Shipowner Navig8 is progressing application of Interline9001, an advanced cargo tank coating from AkzoNobel’s International marine coating product range, on a series

 
 
Maritime Careers / Shipboard Positions Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar
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: 0.1631 sec (6 req/sec)