South Korean shipyards have failed to defend annual leadership in the number of vessel orders, although profit surged as orders were mainly in high-performance and green-fuel transportation, boding well for the stocks and outlook amid faster green migration at sea. According to British shipbuilding and marine industry tracker Clarkson Research Services on Sunday, Korean shipbuilders .
Korean shipyards defend monthly No 1 in global order book July for third month hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Korean names win 49% of global orders in container ships, KSOE becomes latest
Korea Shipbuilding & Offshore Engineering Co. (KSOE), the shipbuilding holding company of Hyundai Heavy Industries Group, added 283.2 billion won ($247.7 million) in the order book for container ships where Korean names have snatched up nearly half of global orders in the vessel category so far this year amid rush of orders to meet increased maritime commerce activity.
KSOE, the parent of South Korea’s three shipbuilders including Hyundai Heavy Industries Co. (HHI), announced in a regulatory filing Monday that it bagged an order to build two container carriers worth 283.2 billion won from a shipper in Liberia. Its subsidiary HHI will construct the vessels and deliver them by May 30, 2023, the company said.
S. Korean shipbuilders top January order book, taking up half of global orders
South Korean shipbuilders topped order book ranking in January, with orders surging by 13 times versus barren month of a year ago.
According to British shipbuilding and marine industry tracker Clarkson Research Services on Tuesday, Korean shipbuilders won orders of 910,000 compensated gross tonnage (CGT) or 20 vessels in January to account for 54 percent of the global total of 1.7 million CGTs or 66 vessels.
The feat is a stark difference from a year ago when Korea drew a mere 70,000 CGTs (2 vessels). China followed with orders of 510,000 CGTs (32 vessels) and Japan with 260,000 CGTs (12 vessels).