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Shipbuilder Daewoo's majority shareholder conditionally approves sale

State-owned Korea Development Bank, which owns the majority of Daewoo Shipbuilding & Marine Engineering, has signed a memorandum of understanding to sell Daewoo shares to Hyundai Heavy Industries. The deal could become the largest seen in the history of the shipbuilding industry.

Air lubrication device will save fuel on MSC ship

South Korean yard Samsung Heavy has installed a new air lubrication system on a vessel for container carrier MSC. The same device will be installed on two tanker vessels which Samsung Heavy is building for Celcius Tankers.

CEO foresees tough year for Hyundai Heavy Industries

2018 looks set to be a tough year for South Korea's Hyundai Heavy Industries, said the yard's CEO in a New Year's speech to his employees. However, South Korea's president has pledged that the government will continue to support the yards.

South Korean shipbuilders beat China on orders

Shipyards in South Korea have surpassed China again in terms of receiving the most orders for new ships and platforms. The major South Korean yards have been in the doldrums in recent years, but 2017 has been positive so far.

MSI: Fragile orderbooks could strain yards

Though there are indications of an improved balance between supply and demand, the shipyard industry continues to fight for survival in a market where newbuilding prices could fall further, writes Maritime Strategies International.

Samsung Heavy returns to profits in Q2

Cost reductions paved the way for a profitable second quarter for the shipbuilder, though sales income decreased in the period, reports South Korean media.

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