General
DSIC Offshore seeks new investor
DSIC Offshore, an offshore yard under CSIC-affiliated Dalian Shipbuilding Industry (DSIC), seeks for potential investor for its restructuring process.  The company has gone into restructuring due to its unpaid debts since the end of Janua...
2019-05-14 08:23:02
STX O&S' business results improved in 1Q
STX Offshore & Shipbuilding (STX O&S) saw a year-on-year upturn in its business results for the first quarter of 2019, with no new order awarded.  According to a quarterly report the Korean shipbuilder has recently released, STX O...
2019-05-14 08:21:35
KR authorized by government of Gabon
The Korean Register of Shipping (KR) has recently announced that it was commissioned by the International Ship Registry of Gabon to provide statutory vessel surveying and certification services on behalf of the Gabonese government.  With ...
2019-05-14 08:19:56
Siemens splits Gas and Power business
Siemens intends to meet its medium-term growth and profit targets by clearly focusing its portfolio on dynamic growth markets and efficiency gains. To this end, the Supervisory Board of Siemens AG today unanimously approved the next steps in the ...
2019-05-13 10:19:41
VDAB buys KONGSBERG dredging simulator
 VDAB, the Flemish Service for Employment and Vocational Training, has chosen a unique dredging simulator developed by KONGSBERG on its state-of-the-art K-Sim Navigation technology platform. Selected during a multi-million Euro public tender...
2019-05-13 08:35:46
200 Hyundai Electric workers to be transferred
Hyundai Heavy Industries' (HHI's) spun-off affiliate Hyundai Electric & Energy Systems carries out the turnover of its staff members, unable to overcome the current loss.  Hyundai Electric announced on May 9 that the Korean company ac...
2019-05-13 08:18:00
FLEX LNG preparing for listing at NYSE
FLEX LNG Ltd. (“FLEX LNG” or the “Company”) announced that it has publicly filed a registration statement on Form 20-F with the U.S. Securities and Exchange Commission (the “SEC”) relating to the proposed listing of its ordinary share...
2019-05-10 08:54:52
Kim chosen as 'Engineer of the Korea Award'
Kim Jong-joon, chief researcher at Hyundai Heavy Industries (HHI), has won the 'Engineer of the Korea Award' for his work in developing and commercializing automatic system for manufacturing the very large aluminium tank of cryogenic LNG carrier ...
2019-05-10 08:43:58
HHI labor union to call strike
The labor union of Hyundai Heavy Industries (HHI) announced on May 8 that it will call a two-hour strike on May 16 against the management's decision on a physical division.  The union will also hold a rally to deal with the physical divis...
2019-05-10 08:43:07
Korean shipbuilding export expanded in April
Data show that in April, Korea exported $48.86bn (2.0%↓) of goods and services, importing $44.74bn(2.4%↑). Korea’s trade profit accounts to $4.12bn, making April an 87th consecutive month in profit. The Ministry of Trade, Industry and En...
2019-05-07 15:37:06
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