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 Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Ingram Barge Order 20 Tank Barges for 2015

Ingram Barge Company say they will be building 20 tank barges in 2015 to meet growing demand for chemical shipments. While most of the company’s recent tank barges have come through acquisitions,

ClassNK Issues New Rules for Inland Waterway Ships

Leading classification society ClassNK has released new technical rules and guidance for the survey and construction of inland waterway ships. As a result

Steel Cut for Third RCI Quantum-class Cruise Ship

The steel cutting for 'Ovation of the Seas', scheduled to be delivered in the autumn of 2016, took place at the Meyer Werft shipyard in Papenburg, Germany, where 'Quantum of the Seas',

 
 
Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Ship Repair 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: 0.1006 sec (10 req/sec)