South Korea captured 39% of global ship orders in March, narrowing the gap with China's 53% share from a 69 percentage point difference in February to just 14 points, as global vessel orders rose 31% year-on-year to 4.06 million CGT, according to Clarkson Research data.
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South Korea Narrows Gap with China in March Global Ship Orders, Capturing 39% vs 53%
South Korea captured 39% of global ship orders in March, narrowing the gap with China's 53% share from a 69 percentage point difference in February to just 14 points, as global vessel orders rose 31% year-on-year to 4.06 million CGT, according to Clarkson Research data.
Yonhap InfomaxHanwha Ocean secures 1.345 trillion won in new orders for five vessels including three VLCCs bound for Oceania and two LNG carriers for Africa, with deliveries scheduled through mid-2029, strengthening its position in the global shipbuilding market amid robust demand for energy transport vessels.
#YonhapInfomax #HanwhaOcean #VLCCs #LNGCarriers #ShipbuildingContracts #OrderBacklog #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=111907
Hanwha Ocean Secures KRW 1.3 Trillion in Orders for 3 VLCCs and 2 LNG Carriers
Hanwha Ocean secures 1.345 trillion won in new orders for five vessels including three VLCCs bound for Oceania and two LNG carriers for Africa, with deliveries scheduled through mid-2029, strengthening its position in the global shipbuilding market amid robust demand for energy transport vessels.
Yonhap InfomaxSouth Korean shipbuilders face delivery delays for 27 Qatar LNG carriers scheduled this year, worth $15.9 billion, as Qatar's CEO warns of force majeure following Iran's attack that damaged 17% of the country's LNG export capacity, representing 3% of global supply and requiring 3-5 years to restore.
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27 Ships This Year Alone - Qatar LNG Carrier Delivery Delays Still a Risk
South Korean shipbuilders face delivery delays for 27 Qatar LNG carriers scheduled this year, worth $15.9 billion, as Qatar's CEO warns of force majeure following Iran's attack that damaged 17% of the country's LNG export capacity, representing 3% of global supply and requiring 3-5 years to restore.
Yonhap InfomaxSamsung Heavy Industries secures $577 million contract for two LNG carriers from Oceania-based shipper, bringing 2026 order intake to $2.9 billion or 21% of annual target, as global demand for LNG vessels remains robust despite geopolitical uncertainties
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Samsung Heavy Industries Wins $770.1 Billion Won Order for Two LNG Carriers
Samsung Heavy Industries secures $577 million contract for two LNG carriers from Oceania-based shipper, bringing 2026 order intake to $2.9 billion or 21% of annual target, as global demand for LNG vessels remains robust despite geopolitical uncertainties
Yonhap InfomaxHD Hyundai Heavy Industries secures KRW1.49 trillion order for four LNG carriers from Americas-based shipper, marking significant contract worth 10.27% of 2024 revenue with delivery scheduled through November 2029
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HD Hyundai Heavy Industries Wins KRW1.5 Trillion Order for Four LNG Carriers
HD Hyundai Heavy Industries secures KRW1.49 trillion order for four LNG carriers from Americas-based shipper, marking significant contract worth 10.27% of 2024 revenue with delivery scheduled through November 2029
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Samsung Heavy Industries Secures Orders for Five Vessels Including LNG Carriers Worth 1.3 Trillion Won
Samsung Heavy Industries has secured $900 million in new orders for five vessels, including LNG carriers and VLECs, boosting its order backlog to $28.7 billion as global demand remains strong.
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Hanwha Ocean Secures Order for Two LNG Carriers Worth 738.3 Billion Won
Hanwha Ocean Co. has secured a 738.3 billion won ($555 million) order for two LNG carriers from an Oceania-based shipowner, with delivery set for June 2029.
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Samsung Heavy Industries Forecasts 74% Surge in 2023 Operating Profit—Operating Margin Rises Sharply
Samsung Heavy Industries is projected to post a 74% jump in 2023 operating profit, with operating margins rising sharply on improved sales mix and robust LNG carrier orders.
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Samsung Heavy Industries Secures Order for Two LNG Carriers Worth 743 Billion Won
Samsung Heavy Industries Co. has won a 743 billion won ($570 million) order for two LNG carriers from an Oceania-based client, with delivery set by March 2029.
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Hanwha Ocean Secures Order for Seven LNG Carriers Worth 2.59 Trillion Won
Hanwha Ocean Co. has landed a $1.99 billion order from a European client for seven LNG carriers, a deal equal to 24% of its 2024 sales, with delivery set by June 2029.
Yonhap Infomax