S.Korea’s HD KSOE, Samsung Heavy post surplus amid order rally
Shipbuilding sees first-quarter earnings grow, eyes a bid for 24 container ships from Taiwan
By Apr 28, 2023 (Gmt+09:00)
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![HD Korea Shipbuilding & Offshore Engineering's LNG carrier](https://www.kedglobal.com/data/ked/image/2023/04/28/ked202304280001.700x.0.jpg)
HD KSOE, the shipbuilding holding company of HD Hyundai Co., on Thursday said it recorded sales of 4.8 trillion won ($3.6 billion) and operating profit of 58.5 billion won in the first quarter.
Sales rose 23.9% from the same quarter last year and operating profit returned to surplus. The company also announced its concluded deal to build four liquefied petroleum gas carriers with an Asia-based shipping company.
KSOE’s order rally has seen the company meeting 50.7% of its annual target between January and this month.
![Samsung Heavy Industries' container ship](https://www.kedglobal.com/data/ked/image/2023/04/28/ked202304280002.700x.0.jpg)
Evergreen, one of Taiwan’s top three shipping companies, recently launched a tender for 24 very-large container carriers of 16,000 TEUs worth $4 billion (5.3 trillion won), fueling prospects of an order bonanza. South Korean shipbuilding’s “Big 3” of HD Hyundai Heavy Industries Co., Daewoo Shipbuilding & Marine Engineering Co., and SHI are expected to submit bids.
Write to Mi-Sun Kang at misunny@hankyung.com
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