Korean shipyards still struggle to cut costs amid ‘order drought’
South Korean shipyards, led by Hyundai Heavy Industries Co., are still struggling to cut costs through unpaid leave for their workers and shutting down dry docks idled amid a lack of orders, industry sources said Sunday.
Korea’s 3 leading shipyards stay at top of global order backlog ranking
South Korea’s three major shipyards– Daewoo Shipbuilding & Marine Engineering Co., Samsung Heavy...
Korean shipyards trail Chinese rivals in Q1 new orders: data
South Korean shipyards stood at second place in terms of new orders secured in the first three months of the year, with their order backlog continuing to slip, industry data showed on Tuesday.
Major shipyards vow to continue cost-cutting measures, boost profitability
South Korea’s two major shipbuilders — Hyundai Heavy Industries Co. and Samsung Heavy Industries Co. — said Friday that they will strive to boost their profitability via increased orders and continued cost-cutting measures.
S. Korean shipyards lead in Jan. orders: data
South Korean shipbuilders bagged more than half of new orders placed around the globe last month, relegating China to second place, industry data showed on Tuesday.
S’pore shipyards ‘valued for expertise and track record’
Shipyards here remain prized for their expertise in shipbuilding despite the beaten-down market.
BIMCO: Lowest Level of Newbuilding Contracts in 20 Years
Shipyards become the next victim of the deteriorating conditions in the dry bulk, container and offshore markets as 2016 looks to set the record for the lowest newbuilding contracts in more than 20 years, according to BIMCO.