Samsung Heavy Leads South Korean Yard Gains

Monday, July 14, 2008

Samsung Heavy Industries Co., led advances among South Korean shipbuilders in Seoul trading on expectations second-quarter profit will increase as they build more vessels at higher prices, Bloomberg reported

Samsung Heavy advanced 5.1 percent, the most in more than two months, to 40,600 won as of 11:52 a.m. Hyundai Heavy Industries Co., climbed 3.2 percent, to 323,500 won.

Shipyards in are winning orders to build vessels at record prices for a fifth year as shipping lines bet on a rebound in global trade. Shipbuilders are also charging more as they pass on some of the costs arising from record steel prices to their customers.

The Clarkson Index, which tracks the average price for all types of ships, rose to 187 on July 7 from 186 a week ago. That measure was unchanged in the shipbroker's research dated July 11.

Source: Bloomberg

Maritime Today


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

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

Shipbuilding

STX Shipbuilding Likely to Enter Court-lead Restructuring

South Korean shipbuilder STX Offshore & Shipbuilding Co Ltd will likely need to enter court-supervised receivership due to financial difficulties, the firm's lead

Naviera Nabia Orders Newbuild from Gondan

Gondan Shipyard signed a new contract for the construction of a new vessel for Naviera Nabia, part of Acuña Group, from Bueu (Pontevedra-Spain). This new catamaran

ClassNK Updates Steel Ships Survey/Construction Guide

Classification society ClassNK has released printed versions of its 2016 Rules and Guidance for the Survey and Construction of Steel Ships.   ClassNK regularly

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Simulators Sonar
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: 0.0627 sec (16 req/sec)