• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home highlights

KSOE wins $609 million worth of deals for seven newbuilds

4 years ago
in highlights, Home, home-news, latest News, Maritime
1 min read
0 0
0
93
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

South Korean shipbuilding heavyweight Korea Shipbuilding & Offshore Engineering (KSOE) has won orders for a total of seven ships worth KRW 691 billion ($609 million).

The announced deals will see Hyundai Samho Heavy Industries, KSOE’s shipbuilding arm, build three very large gas carriers (VLGCs) worth KRW 247.7 billion ( $242 million). The ships are scheduled for delivery in April 2023.

The order has been assigned to an unnamed contractor from Africa.

Separately, Hyundai Heavy Industries Co. has won an order for four very large crude carriers (VLCCs) worth KRW 416.3 million ( $367.1 million).

The order was placed by a European-based company, according to a stock exchange filing.

The newbuilds are slated for delivery by February 2023.

The order is being placed on the back of last week’s orders for four container vessels, amounting to KRW 568.1 billion.

RelatedPosts

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

Two newbuilds are expected to be handed over by 30 May 2023 and another two by 30 November 2023.

KSOE’s Hyundai Mipo brand has also seen an uptick in new ordering. Just last month the company secured a $500 million RoRo order from the Italian shipowner Grimaldi Group.

The new G5- class ships will be able to transport 4,700 linear meters of rolling freight, 2,500 car equivalent units and 2,000 TEU.

The six ships are expected to be delivered between the first months of 2023 and the end of 2024.

It has been a good first quarter of the year for KSOE, as orders keep pouring in amid demand rebound following a major slowdown in ordering last year due to the impact of the pandemic.

According to South Korean media reports, the shipbuilding major has secured orders for a total of 56 vessels so far this year, amounting to $4.4 billion.

As reported earlier, KSOE has set a target of $14.9 billion for this year, upping the ante from last year’s $ 11 billion.

Source: offshore-energy.biz
Via: norvanreports
Tags: COVID-19 pandemicHyundai Samho Heavy IndustriesKorea Shipbuilding & Offshore Engineering (KSOE)
No Result
View All Result

Highlights

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

Banking Sector Soundness Remains Robust in 2024 Amid Strong Profitability, Adequate Capital Buffers

Sha’Carri Richardson Withdraws from US Trials Following Arrest

From Singuluma to El Kaabi: Can CHAN 2024 Unleash the Next Hat-trick Hero?

Ghana to Welcome King’s Baton Relay on August 8 Ahead of 2026 Commonwealth Games

Trending

Features

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

August 2, 2025

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes Parliament has adjourned...

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

August 2, 2025

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

August 2, 2025

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

August 2, 2025
Bank of Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

August 2, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.