Korea Shipbuilding & Offshore Engineering (KSOE) has beaten its annual order target, thanks to strong newbuilding demand.

The holding company for Hyundai Heavy Industries, Hyundai Mipo Dockyard (HMD) and unlisted Hyundai Samho Heavy Industries said 2021 has been the best year in a decade in terms of orders.

By the end of September, it had secured $19.5bn worth of orders, exceeding the $14.28bn