South Korean Shipbuilders Post Strong Operating Profits In 2024

Capt. John

The three major South Korean shipbuilders—HD Korea Shipbuilding & Offshore Engineering Co., Hanwha Ocean Co., and Samsung Heavy Industries Co.—are anticipated to have achieved robust operating profits for 2024, signaling a strong rebound in the industry.

Profit Highlights
  1. HD Korea Shipbuilding & Offshore Engineering Co.
    • Operating Profit: 1.43 trillion won (approximately $980 million).
    • Maintained strong performance due to increased contracts and efficient operations.
  2. Hanwha Ocean Co.
    • Operating...

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