(News Focus) Midsized shipbuilders’ orders bounce back after finalizing their sale deals

news focus midsized shipbuilders orders bounce back after finalizing their sale deals

Sumary of (News Focus) Midsized shipbuilders’ orders bounce back after finalizing their sale deals:

  • Daesun Shipbuilding Engineering was sold to local steelmaker Dongil Steel Co. at the end of last year, while local builder Dongbu Corp.
  • Shipbuilding was acquired by a local consortium comprising local private equity fund KH Investment and United Asset Management Co., South Korea’s biggest bad debt clearer, in July.
  • In October, the midsized shipyard also joined forces with Kongsberg Digital AS, a Norwegian company that has technology for autonomous ships, to narrow the technology gap with large shipbuilders in the area of smart ships with its autonomous navigation system called K-ADIS, or K Shipbuilding Advanced Intelligent Solution.

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