General
HHIC appointed new CEO
Hanjin Heavy Industries and Construction (HHIC) appointed its new CEO, Lee Byung-mo, on March 29 through an ordinary general meeting. Lee graduated from Seoul National University and jointed Daewoo Shipbuilding & Marine Engineering (DSME) ...
2019-03-29 14:11:48
DSME officializes its new executives
Daewoo Shipbuilding & Marine Engineering (DSME) officialized its nomitated leadership through a ordinaryh general meeting of shareholders on March 29. The company appointed Lee Sung-geun, nominated CEO of the company, as a new inside direc...
2019-03-29 13:55:00
Framo’s new CEO settles into role
Sameer Kalra has passed the helm of pumping system manufacturer Framo over to newly appointed CEO, Martijn Bergink.   The former CEO of Framo, Sameer Kalra,has officially handed responsibility for the business to Bergink, as Kalra moves ac...
2019-03-29 08:40:26
BP to fund new emissions reductions projects
BP announced that it has established a $100 million fund for projects that will deliver new greenhouse gas (GHG) emissions reductions in its Upstream oil and gas operations. The new Upstream Carbon Fund will provide significant further support to...
2019-03-29 08:40:04
Hyundai Glovis sets up JV in Europe
Hyundai Glovis has established an overseas joint venture (JV) with the goal of entering the car shipping business market in Europe. The global logistics player in Korea announced on March 27 that the company and Swedish operator Stean Rederi h...
2019-03-29 08:30:03
Samkang secures onshore plant module order
Samkang M&T, a Korean manufacturer and supplier of heavy wall pipes, marine equipment, and marine fabrication plants, has recently secured an order for pertochemical plant worth about KRW 26.3bn (approximately $23m) from its compatriot constr...
2019-03-29 08:17:28
DSME union drafted 2019 demand
DSME branch of Korean Metal Workers' Union (KMWU) has decided to demand basic pay raise this year amid the merger. The union revealed on March 26 that it is to demand a 5.8% of basic pay raise (KRW123,562), single salary schedule, KRW1.5m of v...
2019-03-27 14:35:32
MHI develops firefighting robot
Mitsubishi Heavy Industries, Ltd. (MHI) has developed two firefighting robots: the "Water Cannon Robot" and the "Hose Extension Robot." As a team they are expected to play an active role in situations too hazardous for firefighting crews, such as...
2019-03-27 08:24:52
Hyundai Robotics wins Red Dot
Hyundai Robotics, the robot business division of Hyundai Heavy Industries (HHI) Holdings, has won the 'Red Dot: Best of the Best' award for the first time in Korean robot industry.   Hyundai Robotics announced on March 25 that the Ko...
2019-03-27 08:22:34
Sejin wins pertochemical plant module order
Sejin Heavy Industries announced on March 25 through a regulatory filing that the Korean shipbuilding equipment provider signed a contract worth about $24.2bn (approximately $2.14m) with its compatriot construction and civil engineering company G...
2019-03-27 08:22:03
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