Korea Shipbuilders May See Mild 2014 Recovery: Analysts

MarineLink.com
Wednesday, January 01, 2014

The nation’s major shipbuilders are expected to undergo a mild recovery on the back of a pickup in demand for commercial vessels and liquefied natural gas (LNG) carriers, reports 'The Korea Times' as informed by experts and analysts.

The analysts forecasted that the nation’s leading builders such as Hyundai Heavy Industries (HHI), Samsung Heavy and Daewoo Shipbuilding and Marine Engineering (DSME) are well positioned to win more premium vessels ahead of their Chinese and Japanese rivals next year. Particularly given that the shipbuilders are currently engaged in developing their profits by lowering their reliance on conventional and unprofitable vessels.

HHI, Samsung and DSME forecast that they will win $24.3 billion, $13 billion and $13.1 billion worth of orders, respectively, this year.

The Korea Times news item cites Woori Investment & Securities analyst Yoo Jae-hoon as stating in a recent research report that ship orders by HHI, Samsung Heavy and DSME are expected to increase by more than 13 percent next year from this year as demand for commercial vessels capitalizing on LNG carriers will increase.

Source: The Korea Times

 

 

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

People & Company News

Gofree Available on B&G® Zeus2 & Zeus2 Glass Helm

B&G® announced today the availability of the newly launched GoFreeTM wireless, cloud-enabled features on its full line of Zeus2 and Zeus2 Glass Helm multifunction displays.

USCG Monitors Cargo Vessel Near Welch island Ore.

The Coast Guard is monitoring a vessel that lost propulsion and briefly grounded in the vicinity of Welch Island, Wednesday. The crew of the 738-foot bulk

GOST® to Unveil New Products at MSE Conference

GOST® (Global Ocean Security Technologies),announced today that it will highlight its newest commercial maritime products at the 2015 Maritime Security East conference in Jacksonville,

Contracts

Egypt on a War Footing to Expand Suez Canal

The Suez Canal Authority is in a race to quickly expand the vital waterway for two-way traffic by August 2015, says an Associate Press report. Workers dig round the clock on Suez Canal expansion,

ECO Orders Rolls-Royce Equipment for New AHTS

Rolls-Royce has been awarded a contract worth $30.6m with the American owner Edison Chouest Offshore (ECO). The contract for ship equipment comprises Azimuth main propulsion,

Seadrill: Rig Rates Have Not Bottomed

The market for oil and gas drilling rigs continues to deteriorate as oil companies cut back on investments, Seadrill Chief Financial Officer Rune Magnus Lundetrae

Shipbuilding

MacGregor Wins Chinese Shipyard Order

MacGregor, part of Cargotec, has received an order from Wuhu Xinlian Shipyard in China for eight MacGregor dry bulk cement handling systems.   The fully automated

Coastal Interceptors for Kuwait Coast Guard

Following an extensive evaluation protocol, the Kuwaiti Ministry of the interior has placed an order with Tampa Yacht Manufacturing LLC based in Florida – U.

Damen Begins Construction of Second Facility at Antalya Shipyard

Damen Shipyards has refurbished a second 12,000 square meter shed at its Antalya, Turkey shipyard for the production of the Damen Fast Crew Supplier 5009, the company announced today.

News

Gofree Available on B&G® Zeus2 & Zeus2 Glass Helm

B&G® announced today the availability of the newly launched GoFreeTM wireless, cloud-enabled features on its full line of Zeus2 and Zeus2 Glass Helm multifunction displays.

USCG Monitors Cargo Vessel Near Welch island Ore.

The Coast Guard is monitoring a vessel that lost propulsion and briefly grounded in the vicinity of Welch Island, Wednesday. The crew of the 738-foot bulk

GOST® to Unveil New Products at MSE Conference

GOST® (Global Ocean Security Technologies),announced today that it will highlight its newest commercial maritime products at the 2015 Maritime Security East conference in Jacksonville,

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Winch
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: 0.1863 sec (5 req/sec)