S. KOREAN SHIPBUILDERS RECEIVED HIGHEST ORDERS IN JAN-MARCH PERIOD

Highlights –

• S. Korean shipbuilders received highest orders in Jan-March period.
• HHIC won new orders for 126 ships or 5.32 million CGTs in Jan-march period.
• KSOE won new orders of 68 ships at $5.5 billion.
• Samsung Heavy Ind...

INDIA’S AMBASSADOR TO US URGES SHIPBUILDING INDUSTRY IN INDIA, US TO FULLY UTILISE BILATERAL INSTRUMENTS

Highlights

• Taranjit Singh Sandhu held meeting with US' Indo-Pacific Coordinator Kurt Campbell and Deputy National Security Advisor (DNSA) for Cyber and Emerging Technology Anne Neuberger

• Singh said shipyards in India at present make some of the most complex s...

DOOSAN FUEL CELL TO DEVELOP SOFCs USED FOR SHIPS WITH KSOE

Highlights –

• Doosan Fuel Cell to develop SOFCs used for ships with KSOE.
• Under the deal, Doosan Fuel Cell is said to design and produce fuel cells.
• KSOE is said to develop technologies that will be used to apply the fuel cells to ship...

S. KOREA’S GLOBAL SHIPBUILDING ORDERS RISE IN FEBRUARY

Highlights –

• S. Korea’s global shipbuilding orders rise in February.
• HHIC won new orders of 43 ships or 1.56 million compensated gross tons (CGTs).
• S. Korea bagged orders for 7 very large crude carriers, five A-Max oil tankers, ...

S. KOREAN SHIPBUILDERS HAVE INCREASED ORDER TARGETS BY 40% IN 2021

Highlights –

• S. Korean shipbuilders have increased order targets by 40% in 2021.
• KSOE set an annual combined order target of its three units at US$14.9 billion in 2021.
• Samsung Heavy Industries Co. aims to win new orders worth $7.8 bi...

HYUNDAI’S SHIPBUILDING UNIT TO UNDERGO TEMPORARY SHORTAGE OF ORDER BACKLOGS

Highlights –

• Hyundai shipbuilding unit to undergo temporary shortage of order backlogs.
• The shortage of order backlogs is predicted to take place in the second half of the year.
• Construction of ships to be delivered by 2022 will start...

U.S. ANNOUNCES NEW TRADE ENFORCEMENT ACTIONS AGAINST CHINESE SHIPBUILDERS

Highlights

• Along with the Chinese semiconductor industry, all listed companies in shipbuilding industry are part of the 77 companies added to the ‘Entity List' that curbs exports to them

• The new list also expands export restrictions to China State Shipb...

SOUTH KOREAN SHIP BUILDERS INK DEALS WORTH 1 TRILLION WON

• South Korean shipbuilders have won orders consecutively one after another in recent months after failing in the first half of this year.
• Expectations are growing that they will continue to win more liquefied natural gas carrier (LNG) orders in the latter half despite the pandem...

MAJOR ITALIAN DEFENSE COMPANIES SUSPEND OPERATIONS AMID COVID-19 CRISIS

Highlights:

• The biggest state shipbuilder Fincantieri announces its decision to suspend all operations till the end of March at all its Italian facilities in the face of rapidly increasing coronavirus crisis in the country.

The...

The reason why products manufactured in Japan are trusted

The manufacturing industry in Japan is extensive and highly sophisticated. The products manufactured in Japan are renowned for their quality, advanced settings and designs etc. These products are also known to be durable.

The primary manufacturing industries of Japan are ...

Mitsubishi Heavy Industries Ltd. to cut costs as it faces severe competition

Mitsubishi Heavy Industries Ltd. is considering selling one of Japan's largest shipbuilding plants to cut costs as it faces severe competition from rivals from China and South Korea, informed sources said Thursday.

The corporation considers the sale of Nagasaki's Koyagi plant to...

Crude stocks in the US go up and cause the oil stocks to go down

Oil prices fell on Wednesday after the unforeseen build-up of industry data in US shipbuilding and investors were waiting for news about whether a fresh round of U.S. tariffs would take effect on Chinese goods on Sunday.

Futures from Brent have dropped by 0943GMT to $64.10/barrel. The l...