Samsung exports New Year's 1st ship [Offshore]
Korea's Samsung Heavy Industries announced it had launched ship export of 2011 with delivering a drillship to Greek's Cardiff Marine on 3rd January 2011. The delivered drillship is the first one of the quartet successively ordered by Cardiff Mari...
2011-01-03 15:10:33
HHI, "Get over difficulties by Hyundai Spirit" [General]
Hyundai Heavy Industries president Lee Jae-sung said in a New Year's address on Monday that difficulties and challenges are awaiting down the road this year. "Recovery of global shipbuilding industry is going at a snail's pace and Chinese shipyard...
2011-01-03 13:04:21
Samsung, "Let's leap with innovation" [General]
Roh In-sik, president of Samsung Heavy Industries, said today in a New Year's address, "Lets make a new leap through creativity and innovation and take the bull by the horns to overcome uncertainties in the coming year." He said, "Pessimism domin...
2011-01-03 12:43:02
GS won't acquire Daewoo [Equipment]
Korea's GS Group uncovered on 30th December 2010 that some alleged rumors of its acquiring Daewoo Shipbuilding & Marine Engineering are groundless. One official from GS said, "we do not internally examine taking over Daewoo at all." "Instead, we w...
2011-01-03 12:36:02
Daewoo carries out promotions [General]
Ryu Wan-soo, executive director of the business team 1 of Korea's Daewoo Shipbuilding & Marine Engineering, has been promoted to vice president. Daewoo carried out a regular reshuffling for total 28 executives on 31st December 2010. Company's mana...
2011-01-03 12:12:06
Samsung ranks No.1 in orderbook [Shipbuilding]
Korea's Samsung Heavy Industries is seen to become the world No.1 in order backlog for the first time since its foundation in 1974. According to Clarkson Research Service, Samsung hit the No.1 position in orderbook by a single yard in the world with...
2011-01-03 11:30:23
STX sets KRW 30-39trn goal [Finance]
Korea's STX Group revealed today it had set its new order target for 2011 to KRW 39trn ($34.7bn) and its sales target to KRW 30trn. The figures are a 30% and 15% increase respectively as compared with KRW 30trn of new order values and KRW 26trn o...
2011-01-03 09:47:28
Hyundai boxship quartet canceled [General]
Korea's Hyundai Heavy Industries announced that it had decided to cancel the contract for four large boxships ordered by an European shipowner. The termination amount is KRW 477bn ($426m). The company said, "this is due to a cancelation reque...
2011-01-03 08:35:53
Hyundai Mipo targets $3.3bn orders [Shipbuilding]
Korea's Hyundai Mipo Dockyard announced on the last day of 2010 that it had set its annual new order target for 2011 at $3.3bn and sales target at KRW 4.2trn ($3.7bn). It also plans to invest KRW 72.5bn in the facility areas in the new year. T...
2011-01-03 08:31:51
Hyundai aims at $26.6bn orders [Shipbuilding]
Korea's Hyundai Heavy Industries revealed on 31st December that it will attain $26.6bn (KRW 30trn) of new order values and KRW 26.945trn of sales in 2011. One official from Hyundai prospected, "all of our business sectors are expected to grow, ...
2011-01-03 08:28:31
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