General
"VLCC resale price expected to surpass $100"
It is forecasted that, while market cycle is on an upturn in global tanker shipping sector, the resale of very large crude carrier (VLCC) newbuild will surpass a $100m level.  Tanker rates will increase, resulting from several favourable ...
2019-07-17 08:27:16
Conditional approval expected in DSME-HHI merger
Approval would be granted to overseas eligibility screening on a merger between Hyundai Heavy Industries (HHI) and Daewoo Shipbuilding & Marine Engineering (DSME), with the sale of their assets related to high value-added ship (LNG carrier, v...
2019-07-17 08:26:47
POSCO running support branch at Ulsan
It is the 51st anniversary of POSCO, the company that has produced 970m tons of steel products since its births. It includes 54m metric tons of thick plate for shipbuilding, which is enough to build 1,340 units of VLCCs. Korea’s another indu...
2019-07-16 15:20:24
IRClass chairs at IACS
The IACS Council recently held its 79th session (C79) in Busan, S. Korea, where Quality operations, new technologies and industry engagement were high on the agenda.  C79 was unanimous and forthright in expressing its absolute commitment t...
2019-07-16 10:14:34
Damen signs maintenance contract with Dutch gov.
On 11th July, Damen Shipyards Den Helder signed a midlife upkeep (MLU) contract with the Netherlands Ministry of Defence. With this contract, support ship HNLMS Pelikaan, along with hydrographic survey vessels HNLMS Snellius and HNLMS Luymes, all...
2019-07-16 08:27:27
HHI union starts voting on strike
HHI (Hyundai Heavy Industries) branch of the Korean Metal Workers' Union (KMWU) has started a yes or no vote about strike. The union, with around 10,000 votable members, started the vote at 6:30 A.M. on July 15. The voting will end at 1:30 P.M...
2019-07-16 08:08:08
Carnival Corporation promises less plastics
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world's largest leisure travel company, announced that it will significantly eliminate its purchase and consumption of non-essential single-use plastics by the end of 2021. The effort...
2019-07-12 08:47:18
KOSEC cluster sets up collaboration system
A cluster for shipbuilding and offshore plant engineering, which is established with a help from Busan Metropolitan City of Korea, has set up collaboration system for shipyards and small- and mid-sized engineering companies.  With the goa...
2019-07-12 08:37:55
DSME union decides to go on strike
Korean Metal Workers' Union (KMWU) DSME (Daewoo Shipbuilding & Marine Engineering) branch decided to go on strike through a vote conducted during July 8-10. The vote was about the initiation of strike due to recent unfruitful collective ne...
2019-07-12 08:37:22
KOSHIPA appoints vice chairman
The Korea Offshore & Shipbuilding Association (KOSHIPA) appointed Lee Byung-cheol as its Vice Chairman on July 10 at the 4th extraordinary general meeting. Graduated from Seoul National University Department of Nuclear Engineering, Lee had...
2019-07-11 14:47:10
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