DSME labor union claims job security [General]
Korean Development Bank (KDB) announced On Oct 24, that Hanwha was chosen for the priority negotiator for the bidding competition of Daewoo Shipbuilding & Marine Engineering (DSME), however, the undertaking does not seem to go smoothly as negotiation...
2008-10-28 20:26:18
Vinashin wins order of four cargo ships [Shipbuilding]
Nha Tran Shipyard, affiliated with the state-owned Vietnam Shipbuilding Industry Corporation (Vinashin), has reportedly secured orders for four ships from Norwegian and Lao shipowners. The vessels are general cargo ships. Among them, Laos’ LS To...
2008-10-28 17:16:42
World’s first boxship fueled by CNG [Shipbuilding]
A small-sized containership was launched recently which, for the first time in the world, uses the compressed natural gas (CNG) as its main fuel. According to overseas media report, Yangtze River-located China’s Wuhu Dajiang Shipbuilding constru...
2008-10-28 16:50:01
GTT’s new guideline at issue [General]
Shipowners operating dual-fuel diesel-electric (DFDE) LNG carriers have reportedly reacted angrily to Gaztransport & Technigaz (GTT)’s new sloshing guidelines on tank-filling levels. According to foreign media report, GTT announced new requireme...
2008-10-28 13:56:59
Shipyard’s problem worsens [Shipbuilding]
China's shipbuilders seem to require a surviving scheme against the worldwide business contraction, which can be a complementary measure for its weak point that appeared after the fast growth in Chinese shipbuilding industry. China’s growth-oriente...
2008-10-28 13:43:11
STX Engine builds underwater acoustics research center [Equipment]
STX Engine held a ceremony for the completion of ‘Underwater Acoustics Laboratory’ at its Yongin factory in Gyeonggi-do, South Korea on October 24. In the ceremony STX Engine president Dong-Hak Chung, staffs and employees of the company, and o...
2008-10-28 12:07:20
Daewoo subsidiaries to be reexamined [Finance]
Hanwha Group, chosen as the priority negotiator for Daewoo Shipbuilding & Marine Engineering (DSME) acquisition, is organizing a survey team consisting of the professionals at its subsidiary companies and the external M&A consulting specialists for t...
2008-10-28 10:41:34
Sanko Steamship expanding offshore vessel biz [Offshore]
Japan’s Sanko Steamship sets to expand its offshore vessel business. Its fleet, mainly comprising of anchor handling tug/supply (AHTS) vessels and platform support vessels (PSV), has been increased into 52 units including newbuildings on order,...
2008-10-28 09:24:39
Lindenau gets helping hand [Finance]
Germany’s HSH Nordbank recently decided to grant a €28m of credit loan to compatriot Lindenau Schiffswerft & Maschinenfabrik which had been placed into the hands of a receiver after declaring itself insolvent after failing to secure financing. ...
2008-10-28 07:06:09
Vale invests $3bn in logistics next year [Shipbuilding]
Brazilian large mining company and logistics operator, Vale confirmed that it plans to invest $3bn in logistics next year. According to the local report, $154m from it will be used as part payment for the construction of 12 VLOCs and the whole ord...
2008-10-27 21:20:08
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