dailypro2020

I think South Korean shipyards are in the middle of something that has not happened since the mid-2000s. Global shipbuilding has entered a full-scale supercycle, and Korean yards are capturing roughly 60% of the LNG carrier market — the most valuable segment — and more than 40% of all global newbuilding orders by compensated gross tonnage. The country's Big 3 — HD Korea Shipbuilding & Offshore Engineering , Hanwha Ocean , and Samsung Heavy Industries — have booked combined orders worth $19.16 billion (approximately 28 trillion won) so far in 2026. That is already 53% of their combined full-year 2025 total, achieved in less than five months. Between March and May 15 alone, Korean yards collectively won 97 ships, a 51.6% surge from the 64 ships won in the same period a year earlier. Including mid-sized yards — Daehan Shipbuilding (13 ships), K-Shipbuilding (4 ships), and HJ Shipbuilding (2 ships) — the industry-wide tally approaches 115 vessels. The last time the Korean shipbu...

K-Shipbuilding Supercycle: 100 Ships, 28 Trillion Won in Orders as Global Markets Tumble On a day when KOSPI shed another 3.25%, the Nikkei plunged 5%, and global bond markets convulsed, three Korean shipbuilding stocks rose in unison. HD Hyundai Heavy Industries climbed 4.2%. Hanwha Ocean added 3.8%. Samsung Heavy Industries gained 2.9%. Between March and May 2026, these three companies together booked orders for 100 vessels worth 28 trillion won — roughly $19.4 billion. Their combined order backlog now stretches beyond three years, and some shipyards have no available dock space until 2028. In a market where nearly every sector is bleeding, shipbuilding is the one corner that is not. LNG Carrier Orders Are Reshaping the Industry The driver behind the order surge is liquefied natural gas. Since Russia's invasion of Ukraine, the European Union has systematically reduced its dependence on Russian pipeline gas, replacing it with seaborne LNG. The numbers tell the story: g...