HANWHA Ocean, the prominent South Korean shipbuilding company formerly known as Daewoo Shipbuilding, has denied recent media speculations suggesting it is withdrawing from the container shipping sector, reports Rotterdam's Offshore Energy.
hanwha Ocean has denied such claims despite reports in the Korean media indicating a potential discontinuation of containership construction due to financial challenges and slim profit margins.
The reports also suggested that the company did not secure any orders for container ships in 2023 and was contemplating shifting focus toward the naval sector and more technologically advanced vessels.
These speculations arise amid the backdrop of China's shipbuilding industry making significant strides, narrowing the technological gap with its Korean counterparts.
Clarksons reports that China now contributes to over 50 per cent of the total shipbuilding output for the first time in history.
SeaNews Turkey
hanwha Ocean has denied such claims despite reports in the Korean media indicating a potential discontinuation of containership construction due to financial challenges and slim profit margins.
The reports also suggested that the company did not secure any orders for container ships in 2023 and was contemplating shifting focus toward the naval sector and more technologically advanced vessels.
These speculations arise amid the backdrop of China's shipbuilding industry making significant strides, narrowing the technological gap with its Korean counterparts.
Clarksons reports that China now contributes to over 50 per cent of the total shipbuilding output for the first time in history.
SeaNews Turkey