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South Korea’s shipbuilding orderbook surges to over $7 bln amid strong demand for high-end dual-fuel ships

February 21, 2023


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.

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