General
China to take 27% of global LNG demands by 2030
Some of the industry predicted that by 2030, over 1/4 of the global LNG demands would come from China. Investing and broking outfit Stifel said that China’s yearly LNG consumption would reach around 214m metric tons by about 2030, which is f...
2019-01-09 15:29:15
ABS officially opens new global headquarters
ABS held its official ribbon-cutting ceremony, formally opening its new global headquarters. Anchoring the CityPlace 2 development, the building is located at 1701 City Place Drive, Spring, Texas. “This is a significant milestone in our 157-...
2019-01-09 12:24:17
[2019 New Year's Address] KOMERI President Kong
The Korea Marine Equipment Research Institute (KOMERI) president Kong Gil-Young emphasized the ‘mutual growth’ in his new year speech. “The offshore industry is still sunk in the long recession, and the shipping industry is facing anothe...
2019-01-07 08:25:26
[2019 New Year's Address] STX O&S CEO Jang
Jang Yoon-geun, CEO at STX O&S, said through his new year address on January 3, "We secured liquidity for ship construction activities last year by selling all non-core business assets. Based on competitiveness accumulated, also, we were awar...
2019-01-04 16:03:42
DSME seals 2018 wage negotiation
Daewoo Shipbuilding & Marine Engineering (DSME) union and management held a signing ceremony finalizing 2018 wage negotiation at the company's Okpo shipyard on January 3. On the day, about 20 negotiating committee members including CEO Jun...
2019-01-04 15:26:55
[2019 New Year's Address] Imabari President, Yukito Hig...
Yukito Higaki, President of Imabari Shipbuilding, stated in his New Year's greeting on January 1 2019 that “in 2018, the maritime industry continued its recovery from 2017 with Yen staying relatively weak. However, it seems the full-fledged rec...
2019-01-04 08:28:50
[2019 New Year's Address] SHI CEO Nam
Nam Joon-Ou, CEO at Samsung Heavy Industries (SHI), presented new catch phrase 'new leap forward, first year of revival' on January 3 through his new year's address this year.  He said, "We need to focus on securing cost competitiveness a...
2019-01-04 08:28:28
[2019 New Year's Address] DSME CEO Jung
"While global LNG trades and new orders for eco-friendly vessel are currently on a rapid increase, expectations are growing that shipbuilding industry will be bouncing back. However, optimistic view is still our enemy. There is growing concern ab...
2019-01-04 08:27:27
[2019 New Year's Address] HHI CEOs Han and Ka
"We want all executive and staff members to make efforts to regain Hyundai Heavy Industries' (HHI's) status as the world's top shipbuilding and offshore company," Han Young-Seok and Ka Sam-Hyun, co-CEOs of HHI, said on January 3 in their new year...
2019-01-04 08:27:02
HHI Holdings establishes management consultancy
Hyundai Heavy Industries (HHI) Holdings announced on January 2 through a regulatory filing that it is establishing HHI Future Partners, its new management consultancy subsidiary, investing KRW5bn.  The company commented that the new subsi...
2019-01-03 15:24:56
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