Orders for LNG carriers and LNG-powered vessels keep piling up in South Korea after EU merger veto
Korea Shipbuilding and Offshore Engineering Co. (KSOE) the world's biggest shipbuilder by order backlog, has secured deals to build five vessels, including LNG-powered containerships, a week after the European Commission vetoed the nation’s huge shipbuilding merger between Hyundai and Daewoo.
Korean ship orders
June 2 (LNGJ) - Korea Shipbuilding and Offshore Engineering (KSOE), the world's leading shipbuilding group comprising Hyundai Heavy Industries, Hyundai Mipo Dockyard and Hyundai Samho Heavy Industries, said orders have come in from five customers for 12 ships valued at $1.2 billion. The orders include four LNG carriers and a mid-scale liquefied petroleum gas (LPG) carrier, which will be delivered by the first half of 2024.
At the end of May, global new orders for ships came to 17.95 million compensated gross tons (CGTs), representing 83 percent of the 21.50 million CGTs ordered last year, said KSOE, citing market data firm Clarksons.
