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Article: South Korea: South Korean shipyards anticipate orders.
- Article from:
- TendersInfo
- Article date:
- April 25, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: manish03
South Korean shipbuilders, struggling with tumbling orders due largely to the global funding crunch, are hopeful about winning lucrative deals for oil vessels as global energy giants are gearing up for oil and gas development projects.
According to a South Korean industry association on Tuesday, Royal Dutch Shell, Brazil's Petrobras and Chevron Corp.'s Gorgon liquefied natural gas venture in Australia are expected to issue tenders for tankers worth US$79 billion over the next few years.
The Korea Shipbuilders' Association said many of the deals would be clinched by South Korean shipbuilders, which dominate global markets for ...