Korean Shipbuilders Expect Sales to top $30b in '08

Wednesday, December 19, 2007
Korean shipbuilders are expected to post record overseas sales in 2008 on the back of continued high demand for ships, industry sources said Tuesday. According to the sources, Hyundai Heavy Industries Co., Daewoo Shipbuilding & Marine Engineering Co., and other shipyards are forecasting that their combined exports will top $30 billion next year, following this year’s estimated $27 billion.

In 2006, local shipyards’ exports reached $21 billion. This year, Korean ship-builders are estimated to have acquired about 40 percent of the global shipbuilding orders from shipping companies. Analysts said their booming business will continue into next year. Shipyards in Korea, the world’s largest shipbuilding nation, have received record orders in recent years as demand has surged for vessels to transport raw materials to China and goods to the rest of the world. The shipbuilders have enough orders to keep them busy for about four years. Source: Korea.net

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

Shipbuilding

Huisman Cranes for New Maersk Subsea Support Vessels

In December 2014, Huisman secured a contract from COSCO (Dalian) Shipyard for the delivery of four customized 400mt Rope Luffing Knuckle Boom Cranes and two 100mt

Coast Guard Cutter William Trump Commissioned

The Coast Guard Cutter William Trump was commissioned during a ceremony at Coast Guard Sector Key West Saturday Jan. 24, 2015. The Trump is the 11th fast response cutter in the Coast Guard fleet.

World's Largest Ship Sparks Outrage

Jewish groups in the Netherlands and Britain have reacted with rage and despair at the arrival in Rotterdam of the world's biggest ship, the Pieter Schelte, named

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Port Authority Ship Electronics 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: 0.1077 sec (9 req/sec)