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. 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...

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...

Korea Shipbuilding to set up motor joint endeavor with Saudi Aramco

Joint endeavor (JV) is a business plan in which at least two gatherings consent to pool their assets to achieve a particular assignment. This undertaking can be another task or some other business activity. Korea Shipbuilding and Offshore Engineering Co. said Saturday it intends to set up a joint...

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...