General
DSME appoints new leadership
Daewoo Shipbuilding & Marine Engineering announced on March 8 that it nominated Vice President Lee Sung-geun as a new CEO. Lee graduated from Seoul National University and has built his career in DSME since 1979. During DSME management nor...
2019-03-08 15:59:14
HHI officially signed acquisition of DSME
Hyundai Heavy Industries (HHI) Group and KDB signed a deal for the acquisition of Daewoo Shipbuilding & Marine Engineering (DSME) on March 8 in the presence of heads of both companies. HHI Holdings Vice Chairman Kwon Oh-gap, HHI CEO Ka Sam-Hy...
2019-03-08 15:38:10
KOTRA supports 'Neva 2019' participants
The Korea Trade-Investment Promotion Agency (KOTRA) supports its compatriot companies which participate in the 'Neva Saint Petersburg 2019' to set up pavilion, transport the relevant supplies and carry out marketing and promotion activities. T...
2019-03-08 08:24:16
"Rising steel plate price puts pressure on yards"
Global contracting in ship sector has seen a slow upturn compared to 2016's lowest level (13,4m cgt), with 31.8m cgt ordered in 2018. However, the figure is still lower than 37.25m cgt, global shipyards' average order intakes in the last six year...
2019-03-08 08:20:44
"HHI-DSME merger would benefit all"
Choi Jong-gu, Chairman at the Financial Services Commission (FSC) of Korea, commented that the acquisition of Daewoo Shipbuilding & Marine Engineering (DSME) by Hyundai Heavy Industries (HHI) might benefit both DSME workers and the local econ...
2019-03-07 14:45:55
"DSME acquisition would be reviewed by authorities"
The ASAN Foundation Chairman and a major shareholder of Hyundai Heavy Industries (HHI) Chung Mong-joon said that the acquisition of Daewoo Shipbuilding & Marine Engineering (DSME) by HHI would be reviewed by each interested country in the wor...
2019-03-07 13:51:41
Joint statement issued for DSME independence
Six mayors and county governors in Gyeongnam area, in which shipyards and suppliers are situated, made a joint statement urging the independent management of Daewoo Shipbuilding & Marine Engineering (DSME). The mayors and governors of Chan...
2019-03-07 13:33:59
Philippine Navy eyeing Subic yard acquisition
The Philippine Navy is mulling on the acquisition of HHIC-Phil, Subic bay-located yard of Hanjin Heavy Industries and Construction (HHIC). Nikkei Asian Review reported on March 4 quoting a high official of The Philippine Navy that the Navy wan...
2019-03-07 08:23:16
Total signs agreements for entry into Arctic LNG 2
Total announces that it has signed the definitive agreements with Novatek for the acquisition of a direct 10% interest in Arctic LNG 2, a major liquefied natural gas development led by Novatek on the Gydan Peninsula, Russia. Taking into accoun...
2019-03-06 10:36:02
Boskalis sells Kotug Smit Towage
Royal Boskalis Westminster N.V. (Boskalis), together with its co-shareholder Kotug International B.V. (Kotug), has signed a letter of intent (LOI) relating to the sale of Kotug Smit Towage to Boluda Group (Boluda). Under the terms of the LOI, the...
2019-03-06 09:11:58
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