Samsung automatizes steel cutting [Equipment]
'High-efficiency hybrid section-steel automated cutting robot system' developed by Samsung Heavy Industries (SHI) of Korea received the 'IR52 Jang Young Shil' award of the 16th week. Jang Young Shil award is the highest-authority industrial techn...
2010-04-28 07:09:54
Paragon of S&M Success: HMD [Shipbuilding]
Small- and medium-sized (S&M) shipbuilders are resuming to take newbuilding orders as shipbuilding industry revives after bottoming out. However, industry experts pointed out that it will not be easy to survive another market downturn to come without...
2010-04-28 07:07:01
Steel Hike: Long-Term Favorable [Equipment]
Korean steelmakers are increasing shipbuilding steel plate prices and this would have a positive influence on shipbuilders in the long run as it helps boost ship prices. In the short term, higher steel plate prices might trigger a decrease in oper...
2010-04-28 06:41:52
HHI's new drillship Canister-Thrusters [Offshore]
Korea's Hyundai Heavy Industries recently developed and introduced a new construction method for drillship, which cut construction cost and heightens vessel operation efficiency. Last year the world's No. 1 shipbuilder developed Canister, a thrust...
2010-04-27 12:47:16
Hyundai Steel, fair performance in Q1 [Equipment]
Hyundai Steel of Korea announced at a performance briefing of the first quarter of 2010 on Apr. 27th that it posted KRW 2.0173trn (USD 1.824bn) of sales, KRW 132bn of operating profit, and KRW 254.5bn of net profit, which increased by 8.8%, 37.6%. an...
2010-04-27 12:38:32
Alu signs frame deal with Aker [Equipment]
Alu Design & Services announced on April 26th that it has entered into a frame agreement with Aker Solutions. Included in the agreement is the production of specially adapted offshore crane operator chairs, as well as the development of other prospe...
2010-04-27 12:14:33
Builders prepared to weaker USD [General]
Korea's shipbuilding, steel, and machinery industries are taking relatively negligent position to appreciation of Korean currency to US dollars. Shipbuilding companies have been minimizing foreign exchange losses by currency exchange hedge, and s...
2010-04-27 11:35:56
SINOTRANS mired in huge debt [Shipping]
In general, Merger and acquisition may trigger more opportunities as well as challenges, especially among Chinese national enterprises. It is one years since the acquisition between China Changjiang National Shipping (Group) Corporation (CSC) and ...
2010-04-27 09:50:45
CSIC-HOSCO cooperation deepens [Finance]
In 2009 China’s No.1 and No.2 shipping groups, namely China Ocean Shipping (Group) Company (COSCO) and China Shipping Container Lines Company Limited (CSCL), both experienced huge loss, as high as CNY7.5bn ($110m) and CNY6.5bn respectively. ...
2010-04-27 09:50:10
Offshore orders to hit 30 units [Offshore]
British Barclays Capital recently analyzed the investment on global offshore oil and gas exploration this year would stand at $43.9bn, 11% up against last year. As market indicates gradual recovery, global consuming demand for oil and natural gas ...
2010-04-27 09:48:49
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