Stay updated with breaking news from Offshore Engineering. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Conglomerates are reinforcing readiness for radical changes in the global trade order by scouting former bureaucrats specializing in international trade and overseas regulatory risk management, according to industry officials, Wednesday.
Hanwha Ocean's endeavor to secure exclusive control of the Korean naval ship market was thwarted after rival HD Hyundai Heavy Industries (HHI) managed to avoid being banned from bidding for government contracts, according to industry officials, Wednesday.
Major Korean shipyard HD Korea Shipbuilding & Offshore Engineering said Tuesday it has clinched a 356.3 billion-won ($267.8 million) order to build two car carriers for a shipper in the Middle East.
South Korean stocks got off to a strong start Friday following an overnight rally on Wall Street. The benchmark Korea Composite Stock Price Index gained 20.45 points, or 0.77 percent, to 2,684.72 in the first 15 minutes of trading. In the United States, Nvidia's surprising earnings result pushed up the indexes to new highs, as the S&P 500 jumped 2.11 percent and the Dow Jones Industrial Average rose 1.18 per...
SEOUL -- The three largest shipbuilders in South Korea have reported annual earnings that improved from a year earlier, thanks to the reduction of…