Korean shipyards’ profitability to improve on higher LNG tanker contract prices
South Korean shipyards grappling with intensifying industry competition, surging material prices and labor costs are expected to breathe easily with rising LNG tanker orders and contract prices on higher demand. According to data compiled by Maeil Business Newspaper on Thursday, Korea Shipbuilding & Offshore Engineering Co. (KSOE), Daewoo Shipbuilding & Marine Engineering Co. (DSME) and Samsung Heavy Industries Co. this year have brought home a combined 13.18 trillion won ($10.2 billion) worth orders for 48 LNG carriers. The average contract price for a 174,000 cubic meter LNG tanker is worth ...
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