HSL in Pact with Hyundai to Build Fleet Support Ships?
Hindustan Shipyard Ltd., the largest shipbuilding enterprise under Indian Ministry of Defence, and world’s premier shipbuilder Hyundai Heavy Industries (HHI) are likely to undertake joint construction of self-propelled fleet support ships (FSS) for the Indian Navy, says a report in the Hindu. A high-level delegation from Hyundai Heavy Industries Co. Ltd has already inspected facilities at the Hindustan Shipyard Limited to explore the possibilities of cooperation. The team comprised…
S. Korea Still Dominates World Shipbuilding
While China has aggressively built its shipbuilding infrastructure in the past 10 years, the most important number, top winner in contract value, still remains the domain of South Korea, which has reportedly logged $37.8b in orders thus far in 2011 vs. China's $10.3 billion, according to a report today on www.businessweek.com. The evolution of the Chinese shipbuilding industry is actually akin to the development of a shipbuilding nation, with a focus on cheap labor and lower-technology, lower-value tonnage.
