Hyundai sees 950 retirements [General]
Korea's Hyundai Heavy Industries (HHI) announced today the number of regular retirements would total 950 workers for 2010, which is the biggest number since its foundation in 1972. This figure even broke the record high of 675 regular retirements...
2010-12-15 13:03:30
Busan suppliers targeting Japan [Equipment]
Korea's Busan-based shipbuilding equipment suppliers are targeting Japan's shipbuilders. As Japan's yards are suffering a decrease in a ship price and difficulties in securing newbuilding orders due to a high yen, they are earnestly trying to imp...
2010-12-15 11:15:25
Hyundai expands 'Shared Growth' [Finance]
Korea's Hyundai Heavy Industries (HHI) announced it made an agreement of 'win-win growth fund' last Tuesday in HHI's headquarters in Ulsan with Cho Jun-je, the executive director of the general procurement division at HHI, Yu Sang-jung, the vice pres...
2010-12-15 10:28:51
Hanjin develops Marking Robot [Equipment]
Korea's Hanjin Heavy Industries & Construction announced on Tuesday that it has developed, in cooperation with the technician staff of Korea's TMS, the Marking Robot for Shipbuilding (MRS), which can automatically weld various marks and letters on th...
2010-12-15 09:04:49
Bisected outlooks on newbuild prices [Shipbuilding]
Contradictory outlooks on a future ship price are being raised, some expecting a re-drop while others prospecting a continuous upward trend. One of the main reasons for the re-drop expectation is an imbalance of supply and demand. A recession of ...
2010-12-15 08:57:02
Getting ready for emission regulations [Equipment]
Shipbuilding companies are competitively developing 'green ships' as 'ship emissions regulations' are coming up in two years to be effective. According to the sources revealed on Monday by Korea's Ministry of Land, Transport and Maritime Affairs (...
2010-12-15 08:51:14
Signal International refurbishes Mobile [General]
Signal International recently completed a $9 million yard and dry dock renovation at its shipyard in Mobile, Alabama. The former Bender Shipbuilding facility is now the home of Signal Ship Repair, SSR, and is the flagship vessel repair and new co...
2010-12-15 08:43:41
Bangladesh develops shipbuilding lab [General]
The Bangladesh government will develop Bangladesh University of Engineering & Technology (BUET) laboratories in a bid to set up testing laboratories of international standard for shipbuilding industries, commerce minister Faruk Khan said. The comm...
2010-12-15 08:41:46
Larger bulkers fail to rise [Shipping]
The dry bulk market lost further ground at the beginning of the week, in what could prove one of the slowest periods ship owners have been faced. The Baltic Dry Index has now reached 2,076 points. The index has been hovering around the 2,000 R...
2010-12-15 08:38:31
Goa seeks to invest in Nigeria shipyard [General]
Goa Shipyard in Vasco Dagama of India has expressed its intention to invest in developing the shipyard and ship repair sector of the Nigerian maritime industry. Disclosing this in Lagos during a courtesy call on the management of the Nigerian Mar...
2010-12-15 08:27:46
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