Posted on January 23, 2025
Three major South Korean shipbuilders are expected to have posted an operating profit for last year, data showed Sunday.
HD Korea Shipbuilding & Offshore Engineering Co. is forecast to have logged an operating profit of 1.43 trillion won ($980 million) in 2024, according to data compiled by Yonhap Infomax.
Hanwha Ocean Co. likely swung to an operating profit of 169.1 billion won last year.
Samsung Heavy Industries Co. suggested its operating profit surged 102.37 percent to 472.1 billion won in 2024.
Industry watchers say the strong performance of the shipbuilders can be attributed to increased contracts amid the “super cycle” of the industry.
