SEOUL: South Korea’s major shipbuilders – HD Hyundai Heavy Industries, Samsung Heavy Industries and Hanwha Ocean – are set to post stronger profit growth over the coming quarters, as high-margin gas carrier orders placed since 2023 begin to flow into their earnings.
These liquefied natural gas (LNG), ammonia and liquefied petroleum gas carriers, typically priced more than 10% higher than earlier contracts, are expected to sharply boost shipyard profitability amid stabilising construction costs.
