South Korean Shipbuilders Project Record Profits Amid LNG Boom

Korean shipbuilders eye W10tr profit on LNG boom

South Korea’s three largest shipbuilders are on track to post a combined annual operating profit of 10 trillion won ($6.6 billion) for the first time, propelled by high-margin liquefied natural gas carriers and improved shipyard productivity. HD Korea Shipbuilding & Offshore Engineering, Hanwha Ocean and Samsung Heavy Industries are expected to report a combined operating profit of 2.33 trillion won for the second quarter, according to market consensus data compiled by financial information prov

By The Korea Herald