Korean shipyards set to miss order target for 2nd year

Seoul – South Korean shipbuilders may not meet their annual order targets in 2019, Yonhap news agency reported Friday, as global shipbuilding orders are falling in the face of the escalating U.S.-China trade dispute.
South Korea’s three major shipbuilders – Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering – bagged a combined US$7.53 billion worth of orders as of end-May, which meets only 23.5 percent of their annual order target of $32 billion, according to industry data.
Top player Hyundai Heavy, including its small affiliates Hyundai Samho Heavy Industries and Hyundai Mipo Dockyard, has so far bagged $2.5 billion worth of orders, achieving only 15.7 percent of its annual target of $15.9 billion. Samsung Heavy clinched $2.53 billion worth of orders, meeting 32.4 percent of its annual target, while Daewoo Shipbuilding secured $2.5 billion worth of orders, which accounts for 29.8 percent of its annual target.

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AAC Cargo is an international Freight Forwarding company, based in Dubai, with a reputation for providing outstanding quality that continues to secure a loyal customer base. The Company has developed a strong, young management team, which together with the founding Directors are committed to working within established quality procedures to provide each customer with the most reliable personalized service and dedicated to the continuous development of both our people and our services.
We pride ourselves on providing a flexible and innovative approach to achieving solutions for our customers, helping them in turn to meet the increasing demands of their customers. Our greatest asset is our people. We are committed to giving them the necessary training and tools, including cutting-edge technology, to provide the highest level of customer attention in the transportation logistics industry.
We are a team of highly experienced professionals who served the shipping and transportation industry with dedication and distinction for a very long time. Our long experience helped us to develop very strong relationships with the Exporters, Importers, various Government organizations like Port Authorities, Customs, Chambers, Free Zone Authorities, etc. We leverage this enormous network for the benefit of our customers to provide the finest international transportation and logistics services.
We offer a complete range of logistic solutions at competitive prices, personalized customer service and a worldwide network of offices and affiliates among others. Our advanced and value added services together with our high ethical standards helps us gain the respect and appreciation of our customers. Our ability to create customized solutions in specialized areas such as industrial logistics and other critical areas of multimodal transportation is the result of our pragmatic approach.
AAC CARGO L.L.C, Dubai, U.A.E
www.aaccargo.com/en
Tel: +971 4 8880718
Air Freight | Sea Freight | Express Cargo | Courier Express | International Movers | Boat Relocation |Car Shipping | Parcel | Project Cargo | Fine Arts cargo




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International Cargo and LogisticsServices
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Air Freight, Sea Freight, Express Cargo, Courier Express, International Movers, Boat Relocation, Car Shipping, Parcel, Project cargo, Fine Arts cargo.

Air Freight, Sea Freight, Courier Express, International Movers, Boat Relocation, Car Shipping

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