South Korean shipbuilders are profiting more than ever from selling high-value units such as offshore plants and liquid gas carriers
, according to a Korea Times report
. Daewoo Shipbuilding and Marine Engineering has already won a record-high $7 billion in building orders this year. Such high performance was largely affected by the sales of four offshore oilrig units, which amounted to $1.9 billion in total.
The company also has recorded steady sales of LNG carriers, capped with a $430-million order for a pair of LNG carriers from a Norwegian company last month.
The LNG ship has become a lucrative business for shipbuilders, as a 145,000-cubic-meter carrier is now being sold for around $270 million, according to the report.
Hyundai Heavy Industry is also benefiting from soaring oil prices and an increase in the demand for gas energy
. It has won contracts to build 16 large liquefied petroleum gas (LPG) carriers this year, taking around 60 percent of worldwide market share. The company currently has a backlog of 32 vessels and has delivered 36 LPG carriers worldwide.
Source: The Korea Times