Korean Shipyards Rank 1-7th in Order Backlogs

Wednesday, May 17, 2006
South Korean shipyards ranked No. 1 through No. 7 in terms of order backlogs as of the end of April, the Korea Times recently reported. Hyundai Heavy Industries, retained its spot with an order backlog of 11.44 million compensated gross tons (CGT). Samsung Heavy Industries overtook its rival Daewoo Shipbuilding & Marine Engineering Co. with an order backlog of 8.34 million CGTs. Daewoo Shipbuilding was the third-largest shipyard with an order backlog of 7.63 million CGTs. Hyundai Heavy Industries' subsidiaries Hyundai Mipo Dockyard and Hyundai Samho Heavy Industries were the fourth and the fifth largest shipyards with order backlogs of 4.24 million CGTs and 2.99 million CGTs, respectively. STX Shipbuilding was the sixth largest worldwide for the third consecutive month with an order backlog of 2.39 million CGTs. Hanjin Heavy Industries & Construction Co., climbed up a notch to rank No. 7 with an order backlog of 2.12 million CGTs. China's Dalian New Ship Heavy Industry Co. and Shanghai Waigaoqiao Shipbuilding Co. were the eighth and ninth shipyards with their order backlogs amounting to 1.93 million CGTs and 1.89 million CGTs, respectively. Japan's industry leader Mitsubishi Heavy Industries Ltd. Slid to rank No. 10 in the world from No. 7 a month earlier. Its order backlog came to 1.74 million CGTs. (Source: Korea Times)

Maritime Today


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

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

People & Company News

No Clues on Hanjin's Financial Health

Cash-strapped Hanjin Shipping Co. sources say that the negotiations with tonnage providers for lower rates are undergoing, but wouldn't say much else.   According to Korea Herald, the country's No.

DP World's H1 Volumes Rise

Ports operator DP World reported on Tuesday first-half 2016 gross container volumes up 1.2 percent on a like-for-like basis and up 2.5 percent on a reported basis.

Samil PwC Okays Hyundai's Management Improvement Plan

Hyundai Heavy Industries (HHI) is notified by Samil PwC, a local member of the global accounting firm PwC, that its 3.5 trillion won worth management improvement

Shipbuilding

Russia: 6th Yasen-Class Will Be Laid Down Soon

Russia's sixth Yasen-class nuclear submarine will be laid down at the Sevmash ship-building company in the city of Severodvinsk on July 29, reports RIA Novosti.

NASSCO Delivers Garden State to APT

Marking its seventh ship delivery in the span of just over a year, General Dynamics NASSCO has delivered the newly built ECO Class tanker Garden State for American Petroleum Tankers.

LNG-fueled Bulker Ordered from Korea

Hyundai Mipo Dockyard (HMD) has signed a contract to build a 50,000 dwt bulk carrier with ILSHIN LOGISTICS. The project is a collaboration between POSCO and ILSHIN

 
 
Maritime Security Naval Architecture Navigation Offshore Oil Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction 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: 0.0842 sec (12 req/sec)