Hanjin, "We will keep Youngdo" [Shipbuilding]
Korea's Hanjin Heavy Industries & Construction put an advertisement containing a necessity of its recent layoff plan and survival plans in local newspapers on 21 January. The ad was titled as 'Hanjin will be responsible for the economy of Busan c...
2011-01-24 06:50:31
Big 4's bonus party [Finance]
Korean big four shipbuilders give a fat bonus to their employees after they have undergone the two-year recession and finally stoop up. Facing Lunar New Year holidays, shipbuilding workers are making a big smile with their bulky wallet filled wit...
2011-01-24 06:45:47
STX targets Middle East orders [General]
Kang Duk-su, chairman of Korea's STX Group is visiting five countries of the Middle East including Saudi Arabia from the 19th of January to have talks with senior officials responsible for economy and energy and to discuss cooperation measures for th...
2011-01-24 06:39:28
Samsung rolls out 'Anti-Piracy Solution' [Equipment]
Korea's Samsung Heavy Industries has developed a 'pirate monitoring and repelling system'. The system integrates equipment necessary for surveillance and guard, such as ▲ distinguishing pirate ships from normal ones through analyzing sailing inf...
2011-01-24 06:31:13
Hyundai in sole lead [Shipbuilding]
Korea's Hyundai Heavy Industries is said to have signed another new order contract with German shipowner D Oltmann to build two 4,500-teu containerships plus one optional ships in late 2010. And it consecutively won three drillships plus three op...
2011-01-24 06:25:56
Hyundai pens 4,500TEU's [Shipbuilding]
D Oltmann has returned to Hyundai Heavy Industries for newbuildings. The German containership owner has booked two wide-beam panamax boxships plus one option for delivery in late 2012 and 2013, market sources say. It is said to be paying more ...
2011-01-21 13:41:16
China: From highway to normal [Shipbuilding]
In 2010 China’s shipbuilding industry surpassed Korean in terms of new orders, becoming the largest shipbuilding country in the world. However, experts indicated that the ‘large’ didn’t mean ‘strong’ enough and the market was always ch...
2011-01-21 12:46:27
STX stocks skyrocketing [Finance]
Korea's STX Offshore & Shipbuilding is watching its stock prices sharply soaring with back of favorable comments from Korea's securities industry. STX's stocks are being traded at a price of KRW 34,000 ($30) per share increasing by KRW 1,200 (3.6...
2011-01-21 12:03:02
Twist rudder developed by Haeduk [Equipment]
Korea's rudder assembly manufacturer, Haeduk Powerway, announced yesterday that it has invented 'twist-type rudder assembly' in cooperation with Institute for Research & Industry Cooperation, PMU. According to the company, since the twist-type rud...
2011-01-21 11:20:22
HMD & STX benefit from restructuring [Shipbuilding]
Korea's two small- and medium-size ship specialist yards, Hyundai Mipo Dockyard (HMD) and STX Dalian Shipbuilding are paid a great attention as beneficiaries of shipbuilding industry's restructuring due to the continuous recession. Lee Seok-jae, ...
2011-01-21 10:36:34
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