South Korea’s “Big 3″ shipbuilders, including Hanwha Ocean and Samsung Heavy Industries (SHI), are maintaining a selective approach to new orders, focusing on high-value vessels that keep their docks full. The shipbuilding industry believes Korean firms are enjoying such strong demand that forgoing low-cost, high-volume orders isn’t considered a significant loss. On Sept 30., sources … Continue reading S. Korean ‘Big 3′ shipbuilders thrive on high-value deals despite Chinese competition