Hyundai Heavy Sets Shipbuilding Trend

Korean shipbuilders have gained worldwide attention for their technological prowess and role in setting new business trends. They now dominate about 40 percent of the global market, with their shipyards full for the next few years due to growing orders. With the world economy turning up, ship owners have felt pressure to increase investment in shipbuilding due to the increasing quantity of containers transported, especially to and from China, the reinforced environmental regulations on ships and the rising demand for liquefied natural gas (LNG) as a clean fuel.