The country’s key ship manufacturers have secured over $7 billion in new orders since the beginning of this year.
Korea Shipbuilding & Offshore Engineering (KSOE), an intermediate shipbuilding holding company of HD Hyundai, has won a colossal order for 12 methanol-powered boxships from an unnamed European shipping company. Market analysts have linked CMA CGM with the contract, however, the company has not yet confirmed the deal.