Sea NG Corp. Builds a Production Base in Gunsan [General]
Canada’s Sea NG Corporation which is the leading corporation in marine compressed natural gas (CNG) transportation, builds Coselle storage system, which is registered as an international patent system, in Gunsan Free Trade Zone(GFTZ) of North Jeoll...
2008-07-23 10:58:50
STX Shipbuilding, Winning Two PC vessels from Formosa [Shipbuilding]
STX said in a regulatory filing as of 21st that it clinched an order for two PC tankers from an Asian ship owner, valued at 107.3 billion won. The ship owner is known to be Formosa Plastics Marine Corp. in Taiwan. The combined two vessels are wor...
2008-07-23 10:57:33
Big Three, Advance Deposit Operation Worry Weighs On [General]
Korean large shipbuilders are indulging in happy thoughts. In the wake of the increase in ship-building orders, the advance deposit continues to be snowballing and with only interest rates, incidental revenues amount to hundreds of billions of won...
2008-07-22 11:16:13
K Line pushing for LNG-FPSO [General]
Kawasaki Kisen Kaisha (K Line) on July 17 briefed the media on its investment in Flex LNG which pushes for offshore LNG production projects, using LNG Producer concept. Hiromichi Aoki, executive officer in charge of LNG carrier business, explained...
2008-07-22 11:15:15
Shipbuilding Industry, tightening the screening policy for l... [General]
Banks apply the stricter credit standards on small and medium size shipbuilding companies, which are to be taken as a selective approach to support shipbuilding industry, in view of slashed interest rates stemming from soaring raw material prices and...
2008-07-22 11:14:30
Brazil plans to order 40 oil drilling ships [Shipbuilding]
The state-run oil company in Brazil, Petrobras’s high ranking official announced the plan to place an order for oil drilling ship, which is worth $30 billion, and works on giving a concrete form of a plan. Petrobras, whose market price reached $...
2008-07-22 11:13:34
Shipbuilding Industry plans to expand recruitment [General]
Shipbuilding industry plans to expand recruitment substantially in the second half of 2008 compared with last year, driven by industry’s boom. STX is reported to recruit a total of around 1,250 employees, including 750 entry-level university gra...
2008-07-21 10:04:07
The Son of DORIAN Owner Visit HHI [General]
The second son of Greek mid-sized shipping company owner gets a business management class, followed by the first son’s visit to Ulsan shipyard, Hyundai Heavy Industries. Hyundai Heavy Industries made a statement on July 18 that currently the sec...
2008-07-21 10:02:58
Japan Win 255 Vessel Order, 11.32 million gross tons [Shipbuilding]
According to Japan Ship Exporter’s Association (JSEA), secured export lines are reached 255 units and 11,327,180 gross tons, 5,200,529 CGT. It is up 43.6 percent year-on-year, surpassing 10 million gross tons mark and considered the third bigges...
2008-07-21 10:01:19
Korean Shipbuilding Industry, Pushing for diversifying busin... [Shipbuilding]
Shipbuilding Industry, which has been reaping a record high profit, appears to be pushing for new market for diversifying business portfolio based on copious funds. Shipbuilding Industry, accounting for a large proportion of profits, is slated to...
2008-07-21 10:00:05
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