Korea’Chosun Big 3’year-end’Jackpot’… Won 5 trillion won for LNG carriers and container ships for 3 days

Korean’Chosun Big 3’year-end’Jackpot’… Won 5 trillion won for LNG carriers and container ships for 3 days

Korea Shipbuilding & Marine Engineering won a total of 2.4 trillion won for 16 vessels… Contracted 8 LNG carriers with Samsung Heavy
Daewoo Shipbuilding & Marine Engineering wins last minute order for 6 container ships… “Even the coronavirus evaluation”

Reporter Song Hyun-soo [email protected]


Input: 2020-12-23 19:16:39Revision: 2020-12-23 19:26:19Posted: 2020-12-23 19:27:44

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Korea Shipbuilding & Marine Engineering's LNG carrier.  Provided by Korea Shipbuilding & Marine Engineering.  yunhap news

Korea Shipbuilding & Marine Engineering’s LNG carrier. Provided by Korea Shipbuilding & Marine Engineering. yunhap news

LNG carriers built by Samsung Heavy Industries.  Provided by Samsung Heavy Industries.  yunhap news

LNG carriers built by Samsung Heavy Industries. Provided by Samsung Heavy Industries. yunhap news

In 2020, Korea’s’Shipbuilding Big 3′, including Korea Shipbuilding & Marine Engineering Co., Ltd., showed its potential to achieve a total of over 5 trillion won by winning large orders for liquefied natural gas (LNG) carriers and container ships for only three days.

It is evaluated that the’Chosun Big 3’company, which suffered from a severe’order drought’ in the first half of this year, was well behind in the aftermath of Corona 19.

According to the shipbuilding industry, Korea Shipbuilding & Marine Engineering, the holding company of Hyundai Heavy Industries Group, announced on the 23rd that it has signed contracts to build a total of three LNG carriers with shipping companies in Bermuda and Panama. The contract size is 6122 billion won.

From the 21st to the 23rd, Korea Shipbuilding & Marine Engineering has won 9 LNG carrier orders over the past three days and signed a contract worth KRW 1.823.7 billion. On the 21st, a total of 2.4 trillion won was won over three days, including a container ship, a liquefied petroleum gas (LPG) carrier, a petrochemical product carrier (PC ship), and seven vessels for KRW 582 billion.

On the 23rd, Korea Shipbuilding & Marine Engineering won a total of 116 vessels ($10 billion) this year through a contract, achieving 91% of its annual target ($11 billion). In particular, this month alone, they showed the back feeling of signing a total of 28 vessels (3.6 billion dollars).

Samsung Heavy Industries also announced on the day that it has won orders for four LNG carriers worth 815 billion won from shipowners in Africa.

For three days, Samsung Heavy Industries has won orders for a total of 8 LNG carriers (1.63 trillion won). In addition, it increased the cumulative order performance to $5.5 billion, recording 65% of the annual order target ($8.4 billion).

Shipbuilding industry officials said that the LNG carrier, which has received orders for a total of 17 vessels from Korea Shipbuilding & Marine Engineering and Samsung Heavy Industries, is a Mozambique LNG project run by Total France.

Another’Big 3′, Daewoo Shipbuilding & Marine Engineering, also held a last-minute’jackpot’ on the 23rd.

Daewoo Shipbuilding & Marine Engineering announced that it has won orders for 6 ultra-large LNG-powered container ships for KRW 1.83 trillion from European ship owners.

Daewoo Shipbuilding & Marine Engineering has received orders for a total of 32 vessels ($5.4 billion) including 6 LNG carriers, 10 container ships, and 7 VLCCs, raising the target achievement rate to 75% this year.

The number of ships ordered by a domestic shipbuilding’Big 3’company for three days from the 21st is a total of 30 vessels, with a total contract amount exceeding 5 trillion won. LNG carriers and ultra-large container ships with high ship prices are mostly, so the contract amount has also increased.

An official from the shipbuilding industry said, “There is a tendency to attract new orders in the second half of the year, but especially this year, large contracts were focused on the end of the year.” “I said.

Reporter Song Hyun-soo [email protected]

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