South Korea's biggest yards increase order target for green ships

Green transition and a growing number of rules mean that South Korea's three biggest yards now dare to increase their order target for new ships in 2021. Some expect to bag almost 50 percent more orders, reports Yonhap.

Photo: Daewoo Shipbuilding & Marine Engineering/Yonhap

More and tougher environmental rules make South Korea's biggest yards raise their targets for new ship orders, a growth expected to be driven by the green transition, reports media Yonhap.

The most ambitious of the three is Korea Shipbuilding & Offshore Engineering Co., KSOE, which expects that the yard's three units can secure orders for USD 14.9 billion in 2021, close to 50 percent more than in the past year.

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