Shortage of small & mid. [Equipment]
Many raise an analysis that short is the supply of replacement ships for aged small- and medium-size vessels. According to Lee Suk-jae, researcher at Seoul-based Mirae Assets, shipbuilding industry's restructuring would first appear in the small-...
2011-01-26 07:01:01
Chinese challenge: LNG [Shipbuilding]
Since Korean shipbuilders started to lead the world's shipbuilding industry in 2000, typical high value-added LNG ships have symbolized Korean yards' highly developed shipbuilding technology. However, Chinese rivals have increasingly challenged t...
2011-01-26 06:58:00
Hyundai saves costs by Employees' ideas [General]
Korea's Hyundai Heavy Industries announced yesterday it could pare down production costs by up to KRW 75bn ($67m) last year by applying employees' improvement ideas to the actual business. According to the company, 16,700 people, around 65% of th...
2011-01-25 13:06:47
Dongyang to engage in LNG carrier [Equipment]
Korea's steel supplier, Dongyang Gangchul, seems to roll out LNG- and LNG-FPSO-related projects in a full scale from next year. Lee Won-jae, researcher at Seoul-based SK Securities, says that the steel maker is currently progressing R&D on LNG ca...
2011-01-25 12:39:42
Techcross first lays BWTS on VLCC [Equipment]
Korea's Techcross has become the first ballast water treatment system (BWTS) manufacturer in the shipbuilding industry to supply BWTS called ECS (Electro-Cleen™ System, ECS), for a VLCC. The ECS was supplied and laid on the Hyundai Heavy Indust...
2011-01-25 12:01:52
Denmark suffers $183m from pirate attack [Shipping]
In 2010, Danish shipping lines suffered huge economic loss from pirate attack, as more as $183m! As is reported by Danish media, besides payment of pirate ransom, Danish shipping lines also bought special insurance and provide special trainings fo...
2011-01-25 11:56:22
COSCO takes Asian largest Semi-submerged ship [Offshore]
On January 20th, China’s COSCO took the delivery of MV Xiang Yunkou in CSSC Guangzhou Longxue shipbuilding, which was Asian largest semi-submerged ship with nick name of marine forklift. The ship was one of the world’s largest ships in terms o...
2011-01-25 11:26:46
Samjin delivers two ships every month [Shipbuilding]
Korean shipbuilder Samjin Shipbuilding Industries (SSI, CEO: Young Il Kang) located in Weihai, China delivered the DWT 33,500 Log/Bulk Carrier ‘CMB Julliette’ to shipowner ‘Bocimar, Belgium’ on 4th January, 2011 and delivered another DWT 33,5...
2011-01-25 11:24:03
Ship price: Over-optimistic [Shipbuilding]
Several European Experts expressed in London Marine Finance Forum the current freight of bulk carriers, oil tankers and boxships could not support the ship asset value enough. The shipowners’ optimistic views were not realistic. The asset value of ...
2011-01-25 11:08:48
Hyundai builds 'resort complex' for labors [General]
Korea's Hyundai Heavy Industries announced yesterday that it will launch a construction of 'lifetime resort complex' for its labor union members, retirees, subcontract-workers and residents in the city of Kyeongju from next month - the first time eve...
2011-01-25 10:18:16
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