South Korea is on track to win back a 20 per cent share of the world's shipbuilding orders this year. This recovery comes as global demand for new ships declines and the United States takes steps to slow China's maritime power.
HD Hyundai Co. has secured a major container ship order worth 2.13 trillion won (USD 1.45 billion) from South Korean shipping firm HMM Co., marking its strongest performance in the segment in 18 years, as per a report by Pulse, the English service of Maeil Business News Korea.
Seoul [South Korea], October 6 (ANI/Global Economic): South Korea's Hanjin Heavy Industries & Construction succeeded in winning an order for merchant ships.