Korea Shipbuilding & Offshore Engineering Co. has received a 607.2 billion-won order from an unidentified Panamanian shipper to build three liquefied natural gas (LNG) ships.
Hyundai Samho Heavy Industries Co., one of the holding company's shipbuilding affiliates, will build the LNG carriers by September 2024.
The two other shipbuilding affiliates of Korea Shipbuilding & Offshore Engineering Co. are Hyundai Heavy Industries Co. and Hyundai Mipo Dockyard Co.
On Monday, Korea Shipbuilding received 10 orders from European shipping companies worth 1.2 trillion won to build four large 132,000-TEU containers, three LNG carriers, two midsize 40,000-square-meter LPG carriers, and one small 17,000-ton petrochemical carrier.
Korea Shipbuilding also struck a 1-trillion-won deal with shippers in Europe, Bermuda, and Asia last week to build four 174,000-square-meter LNG carriers and two 318,000-ton very large crude carriers.
So far, the three shipyards have secured $9.4 billion worth of orders, achieving 85 percent of its $11 billion order target.


Johnson & Johnson Proposes $5.5 Billion Talc Settlement to Resolve U.S. Ovarian Cancer Lawsuits
CATL Shares Jump as $5.6 Billion Buyback Signals Confidence in Long-Term Growth
X Challenges Australia’s Expanded Social Media Ban Enforcement Powers
CXMT IPO Debut in Shanghai Puts $85.5 Billion Chipmaker in Spotlight
Unilever Raises 2026 Sales Outlook After Strong Q2 Volume Growth
Tech Stock Positioning Nears Neutral as Investor Rotation Enters Final Phase, Deutsche Bank Says
AstraZeneca Q2 Earnings Beat Forecasts as Oncology Growth Supports 2026 Outlook
TeamViewer Shares Fall Despite Profit Growth as ARR and Customer Base Decline
Standard Chartered Beats Profit Forecasts as First-Half Earnings Rise 9%
Zabka Shares Drop 10% as Seven & i Abandons Investment Plans
Meta CEO Zuckerberg Opposes U.S. Ban on Chinese AI Models, Warns Against Overregulation
Barclays Q2 Profit Beats Forecasts as Investment Banking Strength Offsets Higher Costs
TSMC Gradually Restarts Japan Chip Plant After Kumamoto Earthquake
Nvidia Eyes $250B Guarantee for OpenAI’s Massive Ohio AI Data Center Project
BHP, Port Hedland Unions Fail to Reach Wage Deal as Negotiations Continue
Serica Energy to Acquire Pharos Energy for £145.7M, Sending PHARP Shares Soaring
Philips Shares Slide 10% Despite Earnings Beat as Weak Orders Raise Growth Concerns 



