Korea's big three yards get $50bn in new orders this year
With just a few days left of 2011, South Korea’s big three shipyards have smashed their annual targets, Seatrade Asia online reports. Indeed, Hyundai Heavy, Samsung Heavy and Daewoo Marine, have now collectively posted orders worth $49.6bn, buoyed by strong offshore demand. $50bn could well be cracked before year end with a number of negotiations close to final stages, local sources predict. This marks the second highest tally from the big three, behind 2007’s $68.5bn.
Hyundai, including Hyundai Samho Heavy Industries reached its target, by securing 86 vessels of $19.8bn in shipbuilding and offshore & engineering divisions. Samsung and Daewoo all exceeded its new order target by over $3bn with 49 vessels of $15bn and 52 vessels of $14.8bn, respectively.
Hyundai, including Hyundai Samho Heavy Industries reached its target, by securing 86 vessels of $19.8bn in shipbuilding and offshore & engineering divisions. Samsung and Daewoo all exceeded its new order target by over $3bn with 49 vessels of $15bn and 52 vessels of $14.8bn, respectively.
