Korea ship engine makers outpace shipbuilders as China demand lifts orders

AI Summary

South Korean ship engine makers Hanwha Engine and HD Hyundai Marine Engine have secured record orders during the shipbuilding supercycle, benefitting from rising demand, particularly from China. The boom in engine manufacturing may outlast shipbuilders’ current growth phase.

Hanwha Engine and HD Hyundai Marine Engine, the two leading domestic ship engine makers, secured as much work in the first half of this year as they did for all of last year. They are benefiting from the shipbuilding supercycle, and some expect the boom to last longer for engine makers than shipbuilders. While shipbuilders ...