Samsung Heavy Industries is expected to be the only major South Korean shipbuilder to achieve its annual sales target in 2019, says a top industry analyst.
“It’s new order run-rate continues to be healthy at 66% while Korea Shipbuilding & Offshore Engineering’s (KSOE) and DSME’s year-to-date order run-rate has been relatively weak at 35~40%,” said Nomura’s South Korean shipbuilding analyst Jaehyung Choi.
