Wednesday, July 6, 2011

Korean plant orders jump

South Korean shipbuilding and heavy industries firms have won massive plant orders from abroad in the first half of the year.

The Ministry of Knowledge Economy said the country's firms, including Hyundai Heavy Industries, Samsung Heavy Industries, Daewoo Shipbuilding & Marine Engineering and STX, have won $28.3bn worth of plant orders from overseas during January-June period.

The figure is down 15.5% on the same period of last year but excluding the 'special' order for UAE nuclear plant last year, the figure is 90% higher.

Especially offshore plant orders totalled $11.9bn, already surpassing $8.6bn penned during the whole of 2010.

Of the nine mega contracts worth over $1bn each, seven deals were for offshore plants.

Samsung penned $1.9bn LNG-FPSO topside, $600m FPSO, eight drillships, Hyundai inked $1.2bn FPSO, two LNG-FSRUs and nine drillships while Daewoo scored four drillships.

Published : July 6, 2011

Source: Asiasis


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