Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

SHI aims for $13bn sales in 2011

SHI aims for $13bn sales in 2011

Seoul: Korea-based Samsung Heavy Industry (SHI) expects to make a new highest sales record in 2011, passing its sales target of KRW13trn ($12bn).
The company saw a consecutive drop in sales until the second quarter of last year.
Sung Ki-jong, researcher of Daewoo Securities, said, "Samsung retains the world-class technology in the drillship field based on its abundant building experiences. It is now expanding its investment into the new growth business, wind turbine project, besides various kinds of offshore businesses." "Also, Samsung has won new orders for new concept specialized ships of LNG-FPSOs for the first time in the world, leading the specialized ship market. LNG-related new concept specialized vessels seem enough to become a long-term growth engine," he added.  
Meanwhile, another shipbuilding giant in Korea, Daewoo Shipbuilding & Marine Engineering is seen to achieve KRW12trn (US$11bn) in sales this year.[10/01/11]

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.