HHI new recruits experience welding [General]
Hyundai Heavy Industries' recently hired college graduates are experiencing on-the-spot management philosophy, called 'Soul of Master Craftsman Education'. HHI is conducting the training program for 77 newly hired college graduates for white-colla...
2010-09-01 12:44:40
Yangzijiang in talks to buy yards [Shipbuilding]
Yangzijiang Shipbuilding Holdings, the biggest Chinese shipbuilder listed in Singapore, is in talks to buy shipyards after an industrywide slump in orders last year damped prices "We are in active negotiations," Zhang Yao, head of the company's b...
2010-09-01 08:45:26
HHIC-Phil books 56 ships [Shipbuilding]
Korean shipbuilder Hanjin Heavy Industries Corp.-Philippines (HHIC-Phil) has booked 56 newbuilding projects for its shipyard at Subic’s Redondo Peninsula, putting projected sales for all its vessel orders at $4.9 billion, a return which is more tha...
2010-09-01 08:44:04
HHI builds first drillships [Offshore]
Hyundai Heavy Industries, the world's leading shipbuilder, said that it has successfully built two drillships. It marks the first time that the South Korean company has built such ships used to explore oil in deep water. The drillships, 229.2...
2010-09-01 08:42:05
Wartsila wins LNG switch [Equipment]
Wartsila has signed a turnkey contract to convert a Swedish-owned product tanker to LNG propulsion. The Finnish engine builder will also supply the first installation of its LNGPac system for the storage of LNG onboard the ship. The 25,000-dwt Bi...
2010-09-01 08:38:15
Boxship market bullish [Shipping]
Boxship volumes could rise between 5% and 8% next year as Asian trade increases. This may partially offset a possible slowdown in the US and Europe, according to Eng Aik Meng, APL president. “The growth is going to be increasingly centred o...
2010-09-01 08:35:29
ABG offloads stake in GO [General]
India’s ABG Shipyard has almost completed its exit from shipowner Great Offshore (GO) following its failed takeover. The company has sold 4.66% in the offshore vessel player for INR 645m ($13.71m) in the open market. It offloaded 1.73m shar...
2010-09-01 08:33:43
Drydocks stake clash [General]
Drydocks World has failed in its pursuit of Tan Boy Tee after a Singaporean court kicked out a claim objecting to the tycoon’s alleged investment in Otto Marine. Drydocks World had said the purchase of Otto shares by the Tan family in January b...
2010-09-01 08:31:39
Ballast Nedam grabs wind deals [Offshore]
Dutch construction group Ballast Nedam has penned a pair of contracts for one of its heavy lift vessels (HLVs). Euronext Amsterdam-listed Ballast says Danish energy giant Dong Energy and A2SEA have fixed the HLV construction unit Svanen for the A...
2010-09-01 08:28:42
STX Europe turns into loss [Finance]
STX Europe slipped to a NOK 26m ($4.1m) loss for the second quarter after shouldering a further NOK 55m provision relating to Wadan’s bankruptcy. It was also hit by further losses at its Cruise & Ferry arm following a costly newbuilding project...
2010-09-01 08:25:57
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