ShippingWatch

A part of Watch Media

Korea's four largest yards lose significant market value

Korea's four largest shipyards have lost 36 percent of their market value in 2014 alone, as foreign investors are divesting their stakes.

Photo: Lee Jin-man
BY OLE ANDERSEN

The market value of Korea's four largest shipyards, Hyundai Heavy Industries, Samsung Heavy Industries, Daewoo Shipbuilding & Marine Engineering and Hyundai Mipo Dockyard, has dropped USD 14.4 billion in 2014 alone, corresponding to a total average decline in stock prices of around 36 percent, according to Business Korea.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

  1. Norway aims to activate grid-scale offshore wind by 2029
  2. Scorpio Tankers reduces outstanding debt substantially
  3. Russian response to embargo could make oil historically expensive
  4. North Star to build 40 vessels for offshore wind in North Sea
  5. South Korea puts a figure on consequences of nationwide strike
  6. Torm has carried crude oil to take advantage of elevated prices
  7. Japanese carrier pledges launch of 40 LNG-fueled vessels by 2030
  8. Danish carrier fights against claim from former US partner
  9. Tankers queuing up off Türkiye following cap on Russian crude
  10. Oldendorff invests in maritime IT company founded by Synergy top exec
  11. US bank offloads shares in Frontline in dash exit
  12. Gard to increase insurance premiums next year – but not as much as competitors
  13. Forwarders express concern about Maersk's dual role in sea freight and logistics
  14. Søren Toft explains spree of ship purchasing: "If we hadn’t done it, I’m pretty sure someone else would have"
  15. US demand at Chinese factories has declined by 40 percent
  16. Trafigura secures gas supplies to Germany with billion-dollar loan
  17. FMC receives wave of complaints over liner companies
  18. Congestion problems could disappear from next year
  19. Major Korean union joins truckers’ protest as strike broadens
  20. Europe’s new sanctions on Russian oil kick in with USD 60 price cap

See all

Job

See all jobs

See all jobs