File photo: Hyundai Heavy Industries

S. Korea's Top Three Shipyards Look Bullish

By Aiswarya Lakshmi!!!

With a slew of contracts to be signed soon South Korean shipyards are expected to clinch a decent number of new orders during the second half of the year, Yonhap reported quoting industry sources.

Hyundai Heavy Industries (HHI) and its affiliates have secured a series of fresh contracts, with their new orders reaching US$4.2 billion for 72 ships in the first six months of the year.
In the January-June period, Samsung Heavy Industries (SHI) won $4.8 billion worth of orders to build 13 ships, including two offshore plants.
The troubled shipyard Daewoo Shipbuilding & Marine Engineering (DSME) clinched $770 million worth of new orders to build seven ships in the first half of the year.
The report quoted earlier data which showed that local shipyards clinched 2.83 million compensated gross tons, or 79 ships, in the January-June period, which represents a twofold increase from a year earlier.
David Turnbull (Photo: Seabury Capital)

Turnbull Named Senior Advisor at Seabury Capital

Seabury Capital LLC has appointed David M. Turnbull as a Senior Advisor. Turnbull will serve to facilitate Seabury Capital’s expansion of its global product and advisory service

Telenor Connexion joins Business Sweden delegation to Korea to discuss next generation of transportation in smart cities. (Photo: courtesy of Business Sweden)

Swedish Transportation Delegation Visits Seoul

Sweden’s Minister for EU Affairs and Trade to Seoul, Anne Linde, and a high level Swedish business delegation, including Seth Ryding, Head of APAC at Telenor Connexion

Palmali Lodges $2 Bln Claim Against Lukoil's Litasco

Turkey-based Palmali, one of the biggest shippers in the Caspian region, said on Monday it had lodged a claim worth almost $2 billion against Litasco, the trading arm of Russian

Photo: China Shipbuilding Industry Corporation (CSIC)

Shipbuilding: China Races Ahead of South Korea

Shipyards in China have surpassed  South Korea again in terms of receiving the most orders for new ships and platforms, while fierce battle for the number one position in

A new partnership between Burgess Marine and MMD Shipping Services Ltd, part of Portsmouth City Council, launched at Portsmouth Commercial Port with emergency work for Wightlink. (Photo: Burgess Marine Ltd.)

New Ship Repair Facility in Portsmouth

Britain’s largest independent ship repairer and marine engineering services provider Burgess Marine announced that in partnership with Portsmouth City Council it has opened a new

Image: Ministry of Shipping, India

India, Ukraine to Partner in Shipbuilding

A Ukrainian delegation led by its Deputy Minister of Economic Development and Trade Ms. Nataliya Mykolska, met Secretary, Ministry of Shipping Shri Ravikant in New Delhi  to