South Korea's share of global ship orders fell to 11% in February while China's surged to 80%, widening the gap between the two shipbuilding rivals to 69 percentage points as China's order backlog increased by 15.73 million CGT year-over-year compared to South Korea's 160,000 CGT gain.
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South Korea's February Ship Orders at 11%, China's at 80% - Gap Widens
South Korea's share of global ship orders fell to 11% in February while China's surged to 80%, widening the gap between the two shipbuilding rivals to 69 percentage points as China's order backlog increased by 15.73 million CGT year-over-year compared to South Korea's 160,000 CGT gain.
Rocket Lab Shares Drop 4% After Record Revenue Fails to Meet Guidance Expectations
Rocket Lab shares fell nearly 5% in after-hours trading as record annual revenue was overshadowed by wider-than-expected loss guidance and a delayed Neutron rocket launch.
Samsung Heavy Industries Secures 368 Billion Won LNG Carrier Order
Samsung Heavy Industries has secured a 368 billion won ($276 million) order for an LNG carrier, bringing its 2026 total to eight vessels worth $1.9 billion, or 14% of its annual target.
Doosan Enerbility Eyes 100,000-Won Mark Despite Disappointing Earnings—Here’s Why
Doosan Enerbility’s Q4 earnings fell 30% short of expectations due to weak subsidiary results, but strong order prospects and analyst optimism are keeping shares resilient.
Ssangyong Engineering & Construction Forecasts Third Consecutive Year of Profit—2023 Operating Profit Reaches KRW 60 Billion
Ssangyong Engineering & Construction Co. is set to achieve a third straight year of profit, reporting 2023 operating profit of KRW 60 billion, driven by capital expansion and robust overseas orders.
Global Ship Orders in January - South Korea Narrows Gap with China at 22% vs 67%
South Korea captured 22% of global ship orders in January, narrowing the gap with China’s 67%, as global demand rose 27% year-on-year, according to Clarkson Research.
Hyundai Rotem Co. more than doubled its annual operating profit to over 1 trillion won in 2025, driven by strong growth in both railway and defense divisions, with record order backlogs and robust export performance.
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Hyundai Rotem Doubles Annual Operating Profit to 1 Trillion Won as Rail and Defense Units Drive Growth (Comprehensive)
Hyundai Rotem Co. more than doubled its annual operating profit to over 1 trillion won in 2025, driven by strong growth in both railway and defense divisions, with record order backlogs and robust export performance.
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.
Samsung E&A Posts 2023 Operating Profit of 792 Billion Won, Surpassing Both Target and Market Expectations
Samsung E&A Co. beat both its 2023 operating profit target and market forecasts, driven by strong performance in future energy sectors, and raised its dividend payout for shareholders.
Hyundai Rotem Set to Post Record Operating Profit Again—Q4 Seen Soaring 84%
Hyundai Rotem is forecast to post record Q4 operating profit, surging 84% year-on-year, fueled by strong K2 tank exports to Poland and robust order backlogs.
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