Big Three shipbuilders see recovery
Seoul - Although the global shipbuilding market is gradually showing signs of fiscal recovery this year, as with Korea’s big three shipbuilders, orders at midsized shipbuilding companies remain sparse, according to the Korea Export-Import Bank of Korea on Friday
Seoul - Although the global shipbuilding market is gradually showing signs of fiscal recovery this year, as with Korea’s big three shipbuilders, orders at midsized shipbuilding companies remain sparse.
According to the Korea Export-Import Bank of Korea on Friday, the order receipts of medium-sized shipyards in Korea were estimated to be around $110 million in the first quarter.
Despite an improvement compared to last year’s first quarter, when there was not a single order, ship orders for the countries eight mid-sized shipbuilders are insufficient compared to the top three: Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering, and Samsung Heavy Industries.