Korea joins hands with Norway [General]
Park Mang-woo, the mayor of Ulsan City of Korea, discussed measures for cooperation of shipbuilding industry with Norwegian ambassador Didrik Tonseth at City Hall on Feb. 19th. Mayor Park said, "There will be much room for cooperation since Norway i...
2010-02-22 07:37:43
STX awarded grand prize [General]
A Korean shipbuilding giant, STX Offshore & Shipbuilding (STX O&S) was awarded the grand prize of 2010 labor-management cooperation among conglomerates on Feb.19th, said Houg Kyeong-jin, CEO of STX O&S. This awards was held at Grand ballroom of Ch...
2010-02-22 07:35:06
Hanjin alters tankers into VLOCs [Shipbuilding]
Korea's Hanjin Heavy Industries & Construction announced on Feb. 19th that three tankers contracted in March, 2009 have been altered to three VLOCs by Belgium owner Bocimar N.V.'s request. However, Hanjin decided to build these 300 meter-long VLOC...
2010-02-22 07:30:59
Hyundai Lifeboats develops yacht engine [Equipment]
The only Korean life boat manufacturer and a subsidiary of HLB, Hyundai Lifeboats independently developed its own engine for sailing yachts for the first time in Korea. Hyundai Lifeboats said last Friday that it has established a bridgehead for ad...
2010-02-22 07:29:41
Subcontracters exposed to disaster [General]
Out of ten serious accidents occurred at Korean shipyards for the recent three years, eight cases happened to subcontracted workers. It is pointed out that due to the lax management and supervision of Korean Ministry of Labor, subcontracted worker...
2010-02-22 07:28:33
Industry leaders meet at APM 2010 [General]
With the world economic crisis winding down, members of the maritime industry are gearing themselves to look out for new opportunities and ideas to become more competitive in a new economic environment, where Asia’s role in the maritime world conti...
2010-02-22 07:26:14
Hyundai eyes offshore plants [Offshore]
Although shipbuilding industry is still in the doldrums, the world’s largest shipbuilder Hyundai Heavy Industries (HHI) is spurting more. As some positive evaluation that HHI is growing into a synthesized heavy industry company is coming out, forei...
2010-02-22 07:24:36
Sungdong wins Japanese orders [Shipbuilding]
Korea’s Sungdong Shipbuilding & Marine Engineering said Sunday that it had signed a KRW 230bn ($198.2m) contract with a Japanese shipowner to build two capesize bulkers and two kamsarmax bulkers including options. The vessels are reportedly set ...
2010-02-22 06:53:59
Samsung keeps top [Equipment]
According to Clarkson Research Services statistics, global newbuilding orderbook has slipped below 500m DWT level for the first time in two years recording 7,986 vessels of 152.8m CGT and 492.4m DWT as of the end of January. The orderbook is now a...
2010-02-22 06:51:57
Korea dominates new orders [Shipbuilding]
Contrary to the expectation of many industry players that contracting activity would become brisker than last year, the number of contracts actually concluded in January has fell slightly short of the expectation. According to the monthly report...
2010-02-22 06:48:43
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