The four leading Korean shipbuilders, Hyundai Heavy Industries, Samsung Heavy Industries, Daewoo Shipbuilding and Marine Engineering and STX Shipbuilding received new-build contracts worth more than US$27.1 billion in the first half of 2008.
Hyundai Heavy Industries got new orders of 94 ships worth around US$12.3 billion, compared to 88 ships and US$9 billion in the same period in 2007. During Posidonia 2008 held in Greece in May, Hyundai got contracts for 22 ships. Out of the 94 ships ordered, 39 of them are tankers. Samsung’s contracts now include 22 ships worth US$6.4 billion, which almost hit half of its expected annual target, US$ 15 billion. The company is expecting to receive more contracts on oil gas drilling platform and ice-break tankers. STX advertised its newly developed mega 22,000TEU container ship during Posidonia 2008. By June 4th, STX contracts count for about US$ .9 billion. Daewoo has also won many contracts. The company received contracts including 33 ships worth US$ 5.5 billion.
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