Latest news with #SamsungHeavyIndustries
India Gazette
4 days ago
- Business
- India Gazette
South Korean shipbuilders report 32 per cent decline in new orders from January to May
New Delhi [India], June 6 (ANI): South Korean shipbuilders witnessed a decline of 32 per cent on a year-on-year basis in new orders from January to May, according to shipping industry tracker Clarkson Research Services, as reported by the Korea Herald. During these five months, Korean shipbuilders reported a total of 3.81 million compensated gross tonnage, representing 24 per cent of the global market, second only to China, which led with 7.86 million CGT, or 49 per cent. This decline was attributed to selective order-taking, as companies like HD Hyundai Heavy Industries, Hanwha Ocean and Samsung Heavy Industries were prioritised as they deal with high-value-added vessels such as liquefied natural gas carriers rather than container ships. Their docks are currently occupied with orders scheduled for delivery over the next three years. From a broad perspective, this drop is also a reflection of a sharp downturn in the global shipbuilding market. Industry sources noted that many shipping companies are delaying new orders amid uncertainties in global trade and falling freight rates, driven in part by ongoing geopolitical tensions between the US and China. The Shanghai Containerised Freight Index, which measures shipping rates, dropped from over 3,000 in June last year to around 1,200 in May 2025. Although the index has recently risen, experts believe this is a short-term bump due to temporary US tariff deferrals on Chinese goods. As a result, South Korean shipbuilders have seen their order backlogs shrink by 8 per cent, or 3.09 million CGT, compared to last year. By early June, HD Korea Shipbuilding & Offshore Engineering had met just 38.7 per cent of its annual order target of USD 18 billion, and Samsung Heavy Industries had reached only 27 per cent of its annual order target of USD 9.8 billion. (ANI)
Korea Herald
4 days ago
- Business
- Korea Herald
Korean shipbuilders suffer 35% drop in orders through May: report
South Korean shipbuilders saw a 35 percent year-on-year drop in new orders from January to May, according to shipping industry tracker Clarkson Research Services on Thursday. During the five-month period, Korean shipbuilders secured a total of 3.81 million compensated gross tonnage, representing 24 percent of the global market — second to China, which led with 7.86 million CGT, or 49 percent. The decline is partly attributed to selective order-taking, as Korea's major shipbuilders — HD Hyundai Heavy Industries, Hanwha Ocean and Samsung Heavy Industries — have prioritized high-value-added vessels such as liquefied natural gas carriers rather than container ships. Their docks are currently occupied with orders scheduled for delivery over the next three years. However, the drop in orders is also reflects a sharp downturn in the global shipbuilding market. Total new global orders during the period fell 45 percent from a year earlier to 15.92 million CGT, raising concerns among some industry observers about the possibility of the current market cycle slowing in the coming years. Industry sources noted that many shipping companies are delaying new orders amid uncertainties in global trade and falling freight rates, driven in part by ongoing geopolitical tensions between the US and China. The Shanghai Containerized Freight Index, a widely used indicator of shipping rates, exceeded 3,000 in June last year but dropped to just over 1,200 in May this year. Although it has seen a sharp rise over the past three weeks, securities firms suggest this is a temporary increase driven by the US' short-term tariff deferral on Chinese goods. As a result, Korean shipbuilders saw a decrease in their backlog, with total outstanding orders falling by 8 percent, or 3.09 million CGT, compared to the same period last year. As of early June, HD Korea Shipbuilding & Offshore Engineering — parent company of HD Hyundai Heavy Industries and two other smaller shipbuilders — had only achieved 38.7 percent of its annual order target of $18 billion. Samsung Heavy Industries had reached 27 percent of its full-year sales goal of $9.8 billion.
Yahoo
02-06-2025
- Business
- Yahoo
Brunvoll lands largest thruster contract with Samsung Heavy Industries
Brunvoll has secured a contract from Samsung Heavy Industries to provide 'comprehensive' thruster and control system packages for nine Dynamic Positioning Level 2 (DP2) shuttle tankers. According to Brunvoll, this order, which includes a total of 45 thrusters, marked its largest contract by both volume and value. The vessels, owned by Tsakos Energy Navigation, are set to be leased on a long-term bareboat charter to Transpetro, a logistics subsidiary of Petrobras. Brunvoll will deliver three retractable azimuth thrusters and two tunnel thrusters for each vessel. These ships will also be equipped with Brunvoll's advanced Propulsion and Thruster Control system (BruCon PTC) and the Condition Monitoring System (BruCon CMS). Brunvoll Group CEO Kåre Øyvind Vassdal said: 'It is no secret that contracts like these are highly attractive to all major suppliers of propulsion and manoeuvring thrusters. That makes it all the more rewarding when we succeed by delivering the best solutions for our customers. 'Contracts of this magnitude are of great value to a company like Brunvoll, as they will contribute significantly to ensuring full utilisation of our factories in the years ahead, and our after-sales department is ready to assist throughout the vessel's lifetime. I would like to thank everyone at Brunvoll for the dedication they show every day, helping us remain competitive in every possible way.' Tsakos Energy Navigation's current fleet of shuttle tankers includes four vessels, with an additional three under construction at Samsung Heavy Industries. Two of these under-construction vessels are expected to be delivered soon. With the new order, Tsakos' fleet will expand to sixteen shuttle tankers, all using Brunvoll's thruster systems. Brunvoll senior bid & sales manager Anders Ulvestad added: 'This contract is a result of Brunvoll's long-term commitment to delivering quality products and services. We are proud of our ever-growing market share within the shuttle tanker market. These are large vessels operating under challenging conditions far from shore, with demanding requirements for operability and precision. 'Shuttle tankers are a critical part of the infrastructure supporting the global crude oil supply chain, ensuring the safe and efficient transport of oil from offshore production sites to onshore facilities. Reliability and performance are non-negotiable—and that's where Brunvoll excels.' In May last year, Brunvoll entered a contract with VARD to provide a 'comprehensive propulsion system' for a Service Operation Vessel (SOV) project. The contract encompassed the supply of a variety of hardware components, including two azimuth propulsion thrusters, two retractable azimuth thrusters, a tunnel thruster, and Bruvoll's Propulsion and Thruster control system. "Brunvoll lands largest thruster contract with Samsung Heavy Industries" was originally created and published by Ship Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
12-05-2025
- Business
- Yahoo
Asian Value Stocks Priced Below Estimated Intrinsic Worth
Amid ongoing trade discussions between major economies and recent policy shifts, Asian markets have shown resilience with notable gains in key indices. In this environment of cautious optimism, identifying value stocks priced below their estimated intrinsic worth can be a strategic approach for investors seeking to capitalize on potential market inefficiencies. Name Current Price Fair Value (Est) Discount (Est) Aidma Holdings (TSE:7373) ¥1893.00 ¥3727.32 49.2% Shenzhen KSTAR Science and Technology (SZSE:002518) CN¥23.12 CN¥45.45 49.1% Alexander Marine (TWSE:8478) NT$148.50 NT$291.28 49% Lingbao Gold Group (SEHK:3330) HK$9.44 HK$18.21 48.1% Newborn Town (SEHK:9911) HK$8.39 HK$16.46 49% GEM (SZSE:002340) CN¥6.21 CN¥12.14 48.8% World Fitness Services (TWSE:2762) NT$82.70 NT$164.43 49.7% Seegene (KOSDAQ:A096530) ₩27250.00 ₩52999.15 48.6% Bloks Group (SEHK:325) HK$129.60 HK$255.66 49.3% BrightGene Bio-Medical Technology (SHSE:688166) CN¥50.36 CN¥98.57 48.9% Click here to see the full list of 269 stocks from our Undervalued Asian Stocks Based On Cash Flows screener. We're going to check out a few of the best picks from our screener tool. Overview: Samsung Heavy Industries Co., Ltd. operates globally in shipbuilding, offshore, and energy infrastructure sectors with a market cap of ₩12.68 trillion. Operations: The company's revenue is primarily derived from its Joseon Maritime segment at ₩9.31 trillion and its Construction segment at ₩791.65 billion. Estimated Discount To Fair Value: 27.4% Samsung Heavy Industries is trading at ₩14,840, significantly below its estimated fair value of ₩20,432.38. Analysts agree the stock price could rise by 20.2%. The company recently turned profitable with net income of KRW 63.88 billion for 2024, compared to a loss the previous year. Earnings are expected to grow significantly at over 51% annually, outpacing the Korean market's growth rate of 21.1%, despite interest payments not being well covered by earnings. Our growth report here indicates Samsung Heavy Industries may be poised for an improving outlook. Unlock comprehensive insights into our analysis of Samsung Heavy Industries stock in this financial health report. Overview: HD-Hyundai Marine Engine Co., Ltd. manufactures and sells marine engines, industrial facilities, and plants both in South Korea and internationally, with a market cap of ₩1.39 trillion. Operations: The company's revenue is primarily derived from its Engine and Equipment segment, which generated ₩315.79 billion. Estimated Discount To Fair Value: 33.5% HD-Hyundai Marine Engine's earnings surged to KRW 75.78 billion in 2024 from KRW 31.64 billion the previous year, with revenue forecasted to expand at a rapid pace of 27.2% annually, outstripping market growth. Despite recent shareholder dilution and high share price volatility, the stock trades at ₩40,850—33.5% below its estimated fair value of ₩61,451.66—highlighting its potential as an undervalued investment based on cash flows despite large one-off items impacting results. According our earnings growth report, there's an indication that HD-Hyundai Marine Engine might be ready to expand. Click to explore a detailed breakdown of our findings in HD-Hyundai Marine Engine's balance sheet health report. Overview: TORIDOLL Holdings Corporation operates and manages restaurants both in Japan and internationally, with a market cap of ¥387.74 billion. Operations: The company's revenue segments include Marugame Seimen generating ¥125.38 billion and the Overseas Business contributing ¥102.43 billion. Estimated Discount To Fair Value: 42.8% TORIDOLL Holdings is trading at ¥4,426, significantly below its estimated fair value of ¥7,739.11. Earnings are projected to grow 35.3% annually, surpassing the JP market's 7.6% growth rate, while revenue is expected to increase by 8.5% per year. However, a low forecasted return on equity of 11.3% and the impact of large one-off items on financial results may temper enthusiasm for this undervalued stock based on cash flows. The growth report we've compiled suggests that TORIDOLL Holdings' future prospects could be on the up. Take a closer look at TORIDOLL Holdings' balance sheet health here in our report. Investigate our full lineup of 269 Undervalued Asian Stocks Based On Cash Flows right here. Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools. Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include KOSE:A010140 KOSE:A071970 and TSE:3397. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
05-05-2025
- Business
- Yahoo
Russia's Arctic gas fleet drops Panama flag
Four Russian ice-class LNG (liquefied natural gas) tankers have been re-registered under the Russian flag, abandoning their Panamanian registration. Source: The Moscow Times Details: The vessels were originally intended to transport LNG from the Arctic LNG 2 project, which is under US sanctions and was supposed to account for about 20% of Russia's LNG production. The tankers – formerly named North Sky, North Air, North Mountain and North Way – were renamed Iris, Buran, Voskhod and Zarya in mid-April. These ships, launched in 2023 and 2024, were built by Samsung Heavy Industries for Japanese operator NYK under a contract with Novatek for the Arctic LNG 2 project. They were later transferred to Dubai-based White Fox Ship Management. All four vessels, as well as White Fox, were placed under US sanctions in August 2024. The tankers may follow the tactics of Russia's shadow oil fleet and, while heading to the sanctioned Arctic LNG 2 project, may engage in deceptive manoeuvres, including masking or falsifying their location data. "In Russian waters, ship-tracking requirements such as the Automatic Identification System (AIS) can be loosely enforced, and state insurance coverage can be used," suggested Kjell Eikland, managing director at data provider Eikland Energy. The preparation of these vessels indicates that Novatek is attempting to resume operations at Arctic LNG 2, which halted gas extraction and commercial liquefaction in 2024. All four vessels are classified as Arc4 – a mid-level ice-class rating required to access the Morning terminal. "It's still cold there and the sea is covered with ice. By early June, it's quite possible that two LNG lines at Arctic LNG will be operational," Eikland stated. Attempts to export liquefied gas from the plant are unlikely before sea ice in the Gulf of Ob begins to melt – a process that typically starts in June. Background: The Arctic LNG 2 project drastically reduced gas production at its fields in November 2024 due to Western sanctions. Support Ukrainska Pravda on Patreon!
