ID :
68781
Thu, 07/02/2009 - 23:29
Auther :
Shortlink :
https://oananews.org//node/68781
The shortlink copeid
S. Korean shipyards to win massive orders from Brazil
SEOUL, July 2 (Yonhap) -- South Korean shipbuilding companies are expected to win
mega deals from Brazil's state oil company despite shrinking orders for new
vessels, a local businessman said Thursday.
Petrobras, Brazil's state-run oil firm, is projected to place orders for offshore
oil development vessels such as drill ships and storage facilities, valued at up
to US$42 billion.
"A couple of local shipyards are likely to share orders from Brazil's Petrobras,"
Kang Duck-soo, chairman of STX Group, said in a meeting with reporters. "If we
win the order, we plan to increase shipbuilding capacity in Brazil," he said.
In April, Petrobras executives visited South Korea to explain its massive
offshore development project. They said up to 57 ships and offshore platforms
would be needed for the project.
Hyundai Heavy Industries Co., South Korea's leading shipyard, and its local
rivals such as Samsung Heavy Industries Co. and Daewoo Shipbuilding & Marine
Engineering Co., are competing to clinch orders from Brazil.
South Korea, with the largest shipyards in the world and the lion's share of
offshore oil rigs and drill ships, is widely expected to win large orders that
may help offset the sharp drop in new orders that began last year.
Hyundai Heavy and other shipyards saw a major drop in orders in the first half of
the year due to a protracted global economic slump.
The country's "Big 3" shipyards, including Samsung Heavy and Daewoo Shipbuilding,
received a combined $1.23 billion worth of orders in the first six months of the
year, a sharp drop from $34.1 billion a year earlier.
Orders for new vessels have sunk since the third quarter of last year as the
credit crisis and the subsequent global recession prodded companies to postpone
delivery dates or cancel orders.
In the meantime, Hyundai Heavy and two other South Korean shipyards are bidding
for contracts to construct Royal Dutch Shell Plc's floating liquefied natural gas
production and storage unit, which will be the world's biggest and could be worth
about $3 billion.
sam@yna.co.kr
(END)
mega deals from Brazil's state oil company despite shrinking orders for new
vessels, a local businessman said Thursday.
Petrobras, Brazil's state-run oil firm, is projected to place orders for offshore
oil development vessels such as drill ships and storage facilities, valued at up
to US$42 billion.
"A couple of local shipyards are likely to share orders from Brazil's Petrobras,"
Kang Duck-soo, chairman of STX Group, said in a meeting with reporters. "If we
win the order, we plan to increase shipbuilding capacity in Brazil," he said.
In April, Petrobras executives visited South Korea to explain its massive
offshore development project. They said up to 57 ships and offshore platforms
would be needed for the project.
Hyundai Heavy Industries Co., South Korea's leading shipyard, and its local
rivals such as Samsung Heavy Industries Co. and Daewoo Shipbuilding & Marine
Engineering Co., are competing to clinch orders from Brazil.
South Korea, with the largest shipyards in the world and the lion's share of
offshore oil rigs and drill ships, is widely expected to win large orders that
may help offset the sharp drop in new orders that began last year.
Hyundai Heavy and other shipyards saw a major drop in orders in the first half of
the year due to a protracted global economic slump.
The country's "Big 3" shipyards, including Samsung Heavy and Daewoo Shipbuilding,
received a combined $1.23 billion worth of orders in the first six months of the
year, a sharp drop from $34.1 billion a year earlier.
Orders for new vessels have sunk since the third quarter of last year as the
credit crisis and the subsequent global recession prodded companies to postpone
delivery dates or cancel orders.
In the meantime, Hyundai Heavy and two other South Korean shipyards are bidding
for contracts to construct Royal Dutch Shell Plc's floating liquefied natural gas
production and storage unit, which will be the world's biggest and could be worth
about $3 billion.
sam@yna.co.kr
(END)
