Korean Steel industry embarks on producing steel plates [Equipment]
Amid the serious shortage of steel plates for shipbuilding, the plan for producing large scale steel plates starts in full earnest. POSCO embarks on constructing an annual production capacity of 2 million tons of steel plate plant, and the steel p...
2008-07-29 10:03:26
STX Shipbuilding opened a new LNG vessel era [Shipbuilding]
STX Shipbuilding embarks on constructing the first LNG vessel in full earnest which epitomize the major high-value-added vessel of all. STX Shipbuilding’s president Jeong Kwang-suk had a ground breaking ceremony of LNG vessel, as large as 173,60...
2008-07-29 10:02:19
Chinese shipyard reaches an agreement on increasing maximum ... [Shipbuilding]
Jingjiang Dong Fang Shipyard (China) on July 24 revealed that it had reached conclusion with ship owners to raise the prices of 8 ships that had already been fixed before when the contracts were signed. Because of the rises of steel materials’ p...
2008-07-29 09:37:24
IHI gives up SPB-type Tank construction [Offshore]
IHI Corp. (IHI) abandoned its plan to construct SPB (Self-supporting, prismatic-shape, IMO type B) heat insulation tanks for LNG offshore structures which Samsung Heavy Industries (SHI) plans to build. IHI experienced continual low payability at l...
2008-07-29 09:35:20
Mitsubishi embarks on technology innovation in shipyard [General]
Mitsubishi Heavy Industries’ shipbuilding divisioin is reported to spearhead its standardization for the goal of three dimensional Computer Aided Design (CAD) system’s convergence. The reason behind the CAD system’s convergence is to make a...
2008-07-28 09:41:23
Shipbuilding Industry, 2Q earning result is relatively stron [Finance]
Daewoo Securities projected second quarter’s strong result despite soaring raw material prices and suggested an overweight opinion of shipbuilding industry. Due to the price increase of steel plate for shipbuilding and steel in the first and sec...
2008-07-28 09:39:14
Japanese Steel’s unreasonable demand [Equipment]
With a sharp increase in steel plate price stemming from raw material prices hikes, Japanese steel industry puts up a steep price exorbitantly on the steel plate which is to be exported to Korea. Korea shipbuilding industry’s strong countermeasure ...
2008-07-28 09:37:34
Sekwang receives order for new construction [Offshore]
Sekwang Heavy Industries revealed that it has received an order for construction of world’s biggest Multi-Purpose Subsea Support Dive & Construction Support Vessels on July 25. The ships have special capabilities like operating a submarine for d...
2008-07-28 09:32:16
HHI’ labor union construct a lifetime rest home [General]
Hyundai Heavy Industries’ labor union chairman, Oh Jong-se got much attention by making a decision to construct a large-scale general rest home for union members, retirees, partner company’s workers and local residents with almost 5 billion won, ...
2008-07-25 10:24:26
Daewoo Shipbuilding’s fiasco in a privatization plan [General]
Since Daewoo Shipbuilding & Marine Engineering’s sales met with objection from Daewoo Shipbuilder’s labor union, Korean government’s state-run enterprise privatization plan off to rough start from the beginning. When Daewoo Shipbuilding is s...
2008-07-25 10:22:15
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