Competition Intensifies among Korea’s Big 3 Shipbuilders

Competition among the big three Korean shipbuilders is intensifying as the shipbuilding industry is expected to recover, led by the LNG carrier segment.

Japanese shipbuilders cut fiscal 2018-19 steel demand forecast on lower orders

The Shipbuilders Association of Japan has reduced its steel demand forecast for the 2018-19 fiscal year...

Chinese and South Korean support for shipbuilders irks Japan

Japan is growing frustrated by government assistance in China and South Korea to their ailing shipbuilding industries, with Prime Minister Shinzo Abe even broaching the issue with his counterparts at a trilateral summit earlier this month.

Korean Shipbuilders Rose Back to the Top in Five Years

It has been found that South Korean shipbuilders obtained 34% of new shipbuilding contracts in the first half of...

Chinese shipbuilders win huge chunk of orders from Korean shippers

Chinese shipbuilders have received orders from South Korean shippers to build 13 ships so far this year, while their South Korean rivals clinched deals from local shippers to build just seven ships, industry sources said Monday.

Korean Shipbuilders Clinched More New Orders than Any Others Last Month

According to Clarkson Research UK, the global total amount of new shipbuilding orders reached 750,000 CGT last month and 340,000 CGT and 260,000 CGT went to South Korean and Chinese shipbuilders, respectively. Japanese shipbuilders obtained none at all.

Japan shipbuilders look to innovate their way out of slump

Japanese shipbuilders including Mitsubishi Heavy Industries and domestic leader Imabari Shipbuilding are joining forces to develop self-navigation systems and other technology that could help them escape damaging price competition with Asian rivals.