'Punish yard owners': Safety measures [General]
As industrial accidents at shipyards occur in succession, workers are urging the authorities to reinforce the safety control and punish the involved shipyards’ owners more severely. According to Hyundi Samho Heavy Industries branch of Korean Me...
2010-02-11 07:05:20
Korean ask for gov't supports [Shipbuilding]
Korean government's financial support and tax benefits were strongly requested by shipbuilding and marine equipment industry of Busan, which is going through hard times due to orders drought following global economic downturn. In a special lecture...
2010-02-11 07:00:35
Bay Shipbuilding lays off more [Shipbuilding]
Bay Shipbuilding of the US, located in Wisconsin State, will launch its layoff plan from April, targeting as many as 116 staff. As reported by local newspater, Bay Shipbuilding has cut off 405 staff in October of 2009. The new round layoff action...
2010-02-10 17:03:59
Taiwan launches solar energy ship [Shipbuilding]
Taiwan’s Lite-On Technology Corporation announced its first solar energy ship built by local builder would begin trial voyage on February 9th 2010. The ship will be put into operation during Chinese New Year. In addition, another four sister so...
2010-02-10 15:45:45
Hyundai relocates workforce [General]
The labor union of Hyundai Heavy Industries (HHI) has decided to accept the management’s workforce relocation scheme as part of ‘job sharing’, considering the current difficulties facing shipbuilding industry. The union said on Feb. 8th tha...
2010-02-10 14:52:17
Bottom fishing: Xiamen inks bulkers [Shipbuilding]
On February 8th 2010, China’s Xiamen Hongxin Shipping, a subsidiary of Hongxin Group, signed a contract with Xiamen Shipbuilding Industry to build two 57,000-dwt handymax bulk carriers. Hongxin became the first private company in Xiamen to buil...
2010-02-10 14:47:21
Daewoo profitability to improve [Finance]
Korean shipbuilding giant Daewoo Shipbuilding & Marine Engineering (DSME) is expected to post a rise in operating profit this year. Seoul-based Woori Investment & Securities forecasted that it is possible for DSME to have a rally in operating pro...
2010-02-10 14:25:39
Hyundai CEOs abroad on holidays [General]
Chief executives and senior management officials of Hyundai Heavy Industries, the world’s largest shipbuilder, will visit foreign project construction sites in 10 nations around the world to check the progresses and encourage site workers during th...
2010-02-10 12:10:13
Rising cancellations [Shipbuilding]
Newbuilding contracts without guarranteed financing, a common phenomenon for those signed during 2008, are expected to be cancelled in the coming months, especially as owners are still looking to get rid of expensive vessels. By today’s standar...
2010-02-10 09:42:55
China's ship exports up 45% [Shipbuilding]
Despite the financial crisis, China's ship exports totaled 28.36 billion US dollars last year, up 44.92 percent year on year, thanks to the government's stimulus plan for the shipbuilding industry. Bulk cargo vessels took the place of container s...
2010-02-10 09:35:10
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