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 Today


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

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

Shipbuilding

Symphony Sun’ Launched in Leer

On Friday the 29th of April, Nb. 420 was launched in Leer. She was christened ‘Symphony Sun’ and is the fourth vessel in a series of 6 that will be delivered to Symphony Shipping.

SCHOTTEL Debuts EcoPeller with High-torque Gears

Propulsion and steering systems manufacturer SCHOTTEL has unveiled its new EcoPeller (SRE), which it said offers improved efficiency and robustness. Playing a

Fincantieri Delivers Carnival Vista

Carnival Vista, the new flagship of the fleet of Carnival Cruise Line, brand of the Carnival Group, was delivered today at Fincantieri’s shipyard in Monfalcone.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Ship Repair 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: 0.0623 sec (16 req/sec)