Page 62 - Offshore Engineering News Today

Orders books fill up for shipbuilders in 2021 Shipbuilders have hit 70 percent of their targets for orders this year, but earnings are not living up to expectations. An increase in prices for steel plate has hurt their bottom lines, along with sluggish order books from last year. Korea Shipbuilding & Offshore Engineering (KSOE) has already surpassed its 2021 order target of $14.9 billion, winning contracts to build 49 container vessels, 12 very large crude oil carriers, and more. They total $16...

Unfavorable factors clouding Hyundai Heavy Posted : 2021-07-09 09:08 Updated : 2021-07-09 17:02 Hyundai Heavy Industries union members occupy a turnover crane at the companys Ulsan headquarters, Tuesday. Courtesy of Hyundai Heavy Industries union Steel sheet price rise to cut companys profitability By Kim Hyun-bin Hyundai Heavy Industries Groups sub-holding company Korea Shipbuilding & Offshore Engineering (KSOE) has already fulfilled over 90 percent of its sales goal this year, but despite ...

Korea Shipbuilding & Offshore Engineering (KSOE) has secured an order from a European company for the construction of three oil tankers.

Korean shipbuilders are stepping up their efforts to win orders for offshore plants whose demand is on the recovery amid rising oil prices. Daewoo Shipbuilding & Marine Engineering (DSME) is expected to sign a contract to build a floating production storage and offloading (FPSO) unit (P-79) with Brazilian state-run energy company Petrobras in July. The ...

South Korean shipbuilding companies successfully won large ship orders. Korea Shipbuilding & Offshore Engineering (KSOE), Hyundai Heavy Industries Group’s intermediate holding company for shipbuilding business, announced on Tuesday that it won 1.36 trillion won of orders to build 12 ships on Friday and Monday. The orders include four large LNG carriers and two super-large LPG ...

South Korea's Hyundai Samho Heavy Industries has won a contract for the construction of three very large crude carriers.

Hyundai Heavy join hands with SNU to foster AI professionals

South Korean shipyards have brought home more orders than the full year of 2020 in the first five months as their order book gets fatter and fatter amid fast migration to cleaner-fuel sea transport. Korea Shipbuilding & Offshore Engineering Co. (KSOE), the shipbuilding holding entity of Hyundai Heavy Industries Group, has added 1.36 trillion won ...

Hyundai Heavy Industries (HHI) has joined hands with Seoul National University (SNU) to foster artificial intelligence (AI) professionals and technology for future growth. Hyundai and SNU signed a memorandum of understanding (MOU) to cooperate in AI technology for heavy industry use at the school’s administrative building in Seoul, Wednesday. The signing ceremony was attended by ...

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