STX Pan Ocean won a $550 million deal to build two Russian LNG carriers four Danish petroleum carriers.
Competition from China and Japan has hardly been a threat to Korea’s surging shipbuilding sector so far this year. Many Korean shipbuilders are on pace to easily surpass their annual targets.
Hyundai Heavy Industries, the world’s largest shipbuilder, is leading the group with 44 ships and offshore plants in the books this year totaling about $11.7 billion, including the announcement yesterday that it had won a $1.1 billion order to build two drillships for Rowan Companies.