Samsung 365% bonus boon [Finance]
Samsung Heavy Industries paid 365% of basic salary as a profit sharing (PS) bonus to its employees on Feb. 5th. As a reward of all-time high performance last year, 300% of basic wage as a bonus and 65% as an incentive for achieving safety and cost...
2010-02-10 07:09:43
Offshore plant orders kick-start [Offshore]
Shipbuilding industry which is suffering from the orders drought are hopeful for more orders as the orders for offshore plants have been continuing since the start of this year. Korea’s Hyundai Heavy Industries (HHI) announced on Feb. 8th that ...
2010-02-10 07:04:03
Daewoo targets 80 deliveries [Shipbuilding]
One of Korean shipbuilding giants Daewoo Shipbuilding & Marine Engineering (DSME) is forecast to achieve all-time high newbuilding deliveries this year with the widest range of ship types. DSME plans to roll out about 80 ships this year and expand...
2010-02-10 07:01:54
Signs of recovery scarce [Shipbuilding]
The newbuilding market which showed a glimmer of recovery at the end of last year seems to be coming to a lull again. This is because the balance between the demand and supply in the newbuilding market has not improved. In addition, the newbuildi...
2010-02-10 06:59:01
ICCO to be held in Taiwan [Shipping]
The annual meeting of the International Council of Containership Operators (ICCO), whose nickname is Box Club, will be held in Taiwan on March 16th 2010. It is 20 years since ICCO arrived in Taiwan last time. A representative of Yang Ming Line po...
2010-02-09 16:24:21
ACS established [General]
The Association of Asian Classification Societies (ACS) was recently established in Bali, Indonesia. Mr Li Kejun, who is president of China Classification Society (CCS), was elected chairman of ACS with a term of one year. In the past, the mai...
2010-02-09 15:21:47
Norwegian owner faces bankruptcy [Shipbuilding]
Norwegian SeaMetric International AS (SMI), the owner of the world's largest twin marine lifter (TML) built in China’s CPLEC, is facing bankruptcy due to heavy liabilities as high as $125m. The representative of SMI said any buyer who showed int...
2010-02-09 12:51:22
STX pens two tankers [Shipbuilding]
STX Offshore & Shipbuilding announced today that it has recently signed a newbuilding contract with Italy’s L.G.R. for two 50,800-dwt product/chemical tankers. The vessels will be built at STX O&S’ Jinhae Shipyard in South Korea for delivery i...
2010-02-09 10:16:32
Singaporean signs $30m DSV [Offshore]
Singapore-listed shipbuilding company ASL Marine has secured a $27m order for DSV from overseas shipowner. ASL will build a dive support vessel with fire fighting, standby and rescue capabilities for the unidentified buyer, it told investors on M...
2010-02-09 08:29:03
Viking cancels Ro-Pax [General]
Finnish shipowner Viking Line said on Monday that it had cancelled a contract for a ferry newbuilding at Spain’s Astilleros de Sevilla. The decision to ditch the deal comes nearly five months after Viking Line disclosed delays in building the 1,...
2010-02-09 08:26:41
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