Tuesday, October 2, 2012

[Ship Building] Big3 orders to surge

Big3 orders to surge

Korean Big3 shipbuilders are to record the largest amount of quarterly order this year, owing to deep-sea drillship order.

Analyst Jun Jae-Chun of Daishin Securities said Big3 - Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering - contracted overall 11 drillships during the first eight months of 2012.

This month saw additional three drillships contracted and eight more orders are expected to be contracted during the fourth quarter.

He said "During Q4, orders for drillship, offshore production facility and LNG carrier will be flooded and Big3's quarterly order is expected to exceed $11bn," and forecasted their earnings will slowly recover from 2013.



Published : September 28, 2012


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