A new shipbuilding deal could be a test case that, if successful, could lead for years more work and millions more in deals for Seoul, in Peru and South America.
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Civil society organisations (CSOs) Justice For Myanmar and Korean Civil Society in Support of Democracy in Myanmar have welcomed recent developments in the police investigation of Posco International, Daesun Shipbuilding & Engineering and Korea’s Ministry of Defense over the 2019 transfer of a warship to the Myanmar Navy.
Both major and mid-sized shipbuilders’ orders are on the rise as demand for liquefied natural gas (LNG) carriers grow. Korea’s three big shipbuilders Korea Shipbuilding & Offshore Engineering (KSOE), Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy Industries (SHI) logged $44.5 billion worth of orders this year through Dec. 5. Those are .