Analyst: SHI needs to win offshore orders （2015-04-13）
The lack of offshore orders would hurt Samsung Heavy Industries' (SHI's) earnings as South Korea's second-biggest shipbuilder is unlikely to hit its 2015 order target, said an analyst. In the first quarter of 2015, SHI has clinched USD2.3 billion worth of orders, amounting to 15% of its 2015 order t... |
Samsung HI secures Cardiff aframax quartet （2015-04-12）
South Korean shipbuilder Samsung Heavy Industries (Samsung HI) has secured an order for four ice-class aframax tankers from returning Greek shipowner Cardiff Marine. The 115,000 dwt tankers will come under the management of Cardiff’s tanker arm TMS Tankers. Delivery is scheduled for 2H 2016 and 1H 2... |
OOIL orders six 21,100 teu box ships （2015-04-02）
Orient Overseas (International) (OOIL), the parent company of Orient Overseas Container Line (OOCL), has placed a new order for six 21,100 teu container ships at Samsung Heavy Industries for USD951.6 million. OOIL is currently arranging a bank loan to fund 70% of the costs of the newbuildings, with ... |
MOL set on container business return to profit （2015-04-02）
As the container business has been dragging down Mitsui OSK Lines' (MOL's) profits in recent years, its president, Koichi Muto, has expressed a determination to restore profitability to the sector in the coming financial year (FY). Speaking on the 131st anniversary of the establishment of Japan’s bi... |
Chinese shipbuilders' market share weakens （2015-04-02）
Although Chinese shipbuilders have been winning fewer orders since the start of the year, this would not mean more business for South Korean shipbuilders, said an analyst. Samsung Securities analyst Han Young-soo said that China's market share in the global shipbuilding market fell from 42% in 2013 ... |
SHI secures Delta Suezmax pair （2015-03-27）
South Korean shipbuilder Samsung Heavy Industries (SHI) has secured an order for two Suezmax tankers from Greek shipowner Delta Tankers. The two newbuildings are scheduled for delivery in October and December 2016. These early delivery slots have led Delta to move away from its favoured yard of Hyun... |
DSME sees 2015 as difficult year （2015-03-26）
Daewoo Shipbuilding & Marine Engineering (DSME), South Korea’s third biggest shipbuilder, thinks this year will be difficult in terms of winning new orders. This was revealed during a question-and-answer session with Samsung Securities. Samsung Securities analyst Han Young-soo noted that demand for ... |
Unlisted shipbuilders face lower order activity （2015-03-24）
South Korea’s unlisted shipbuilders will become less aggressive in order activity, an analyst has predicted in a research note. Samsung Securities analyst Youngsoo Han said, 'Most shipbuilding contracts are based on a heavy-tail payment scheme, so shipbuilders are responsible for working capital. Si... |
Limited recovery predicted for Doosan Engine （2015-03-12）
Although shares in South Korea's Doosan Engine have rallied this year on expectations of more orders and turnaround in operating profit, further upside will be limited, according to an analyst's research note. After visiting the company, Samsung Securities analyst Han Young-soo said, 'Doosan Engine ... |
Analyst: DSME expected to do well in 2015 （2015-03-10）
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) is the only one of Korea’s big three which profitability would improve other than on base effect or through restructuring, said an analyst in his research note. Samsung Securities analyst Youngsoo Han said, 'DSME posted consoli... |
ULCS demand not enough to revalue Korean shipbuild （2015-03-10）
Although shippers intend to order ultra-large container ships (ULCSs) in which Korean shipbuilders command high market shares, the new orders are insufficient to raise earnings forecast for them, said an analyst in his research note. Samsung Securities analyst Young-soo Han said, 'Maersk at end-2014... |
Korean shipbuilders unlikely to lead industry reco （2015-03-09）
Although the global shipbuilding industry has entered a recovery period thanks to more shipbuilding orders than deliveries, South Korea's players might not benefit the most from the boom, said an analyst in a research note. Samsung Securities' Han Youngsoo said, 'After shipbuilding prices plunged 34... |