Hyundai labor union wins best honor [General]
Oh Jong-swae, chairman of Hyundai Heavy Industries's labor union, was awarded the best honor, Gold Tower Order of Industrial Service Merit, in the '2010 government award for labor-management cooperation merit' held yesterday by Korea's Ministry of Em...
2010-12-23 09:00:39
High yen damages Japanese [Equipment]
Takao Motoyama, the chairman of the Shipbuilder's Association of Japan (SAJ) revealed in SAJ's regular meeting on Wednesday that a high yen and steel price would be the biggest concern for Japan's shipbuilding industry in the future. Regarding a high...
2010-12-23 08:55:13
Jiangsu rises as shipbuilding mecca [General]
A combined newbuilding output of China's Jiangsu-based shipbuilders for the first 11 months of the year was estimated at 469 vessels totaling 19.86m DWT, which corresponds to 14.5% of the world's total and 35% of China's total. According to Jia...
2010-12-23 08:47:09
ClassNK Guidelines on Corrosion Steel [Equipment]
ClassNK has developed and released the world’s first set of standards for the application of corrosion resistant steels to the cargo oil tanks of oil tankers. The new Guidelines on Corrosion Resistant Steel for COT are the first guidelines to l...
2010-12-23 08:36:57
NSCSA snatches SLS resale pair [Shipping]
National Shipping Company of Saudi Arabia (NSCSA) has bought another couple of chemical tankers from SLS Shipbuilding in Korea. It has paid SAR 322.5m ($86.00m) for the two tankers at SLS, according to a statement issued to the Saudi Stock Exchan...
2010-12-23 08:33:26
Indonesian FLNG surges [Offshore]
INPEX Corporation, Japan's oil and gas company, has announced that the plan of development for the Abadi gas field in the Masela Block, the Arafura Sea, Indonesia, was approved by the Indonesian government. The project has been undertaken by INPEX Ma...
2010-12-23 08:27:27
Keppel scores jack-up rig pair [Offshore]
Singapore's Keppel Corp has won an order for up to two jack-up rigs from compatriot Jasper Investments. Jasper Investments has ordered one KFELS B Class jack-up rig worth $180m. The rig is slated for delivery in the second half of 2012. The S...
2010-12-23 08:22:37
Nantong Mingde inks four BCs [Shipbuilding]
China's Nantong Mingde Heavy Industries has won an order for four bulkers from Algoma Central Corp at a cost of $205m. The Canadian shipowner has ordered one gearless bulker and three self-unloading bulkers at the shipyard located in the Yangtze D...
2010-12-23 08:19:15
Finland approves subsidy [Finance]
Finland’s Viking Lines has won approval to go ahead with the construction of a Euro 240m ($315m) environmentally friendly cruise ferry at STX Finland’s shipyard in Turku. All subjects on the deal first agreed this October have now been droppe...
2010-12-23 08:14:25
Saga orders 55K at Daewoo & Oshima [Shipping]
Norwegian shipowner Saga Shipholding Norway AS has ordered a series of seven open-hatch bulkers from Daewoo Shipbuilding & Marine Engineering in Korea and Oshima Shipbuilding in Japan. The 55,000-dwt ships will boost the capacity of forest produc...
2010-12-23 07:44:17
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