General
Amsterdam fortifying cyber-castle
The Netherlands is one of the world's top three countries affected by cyber attacks. Ports are particularly vulnerable, as they have a wide range of information systems and their data is used by many different parties. This is the reason why Port...
2019-02-07 08:31:08
"Buying DSME is way to maintain No.1 place"
Han young-Seok and Ka Sam-Hyun, co - CEOs of Hyundai Heavy Industries (HHI), noted through their statement to executives and staff members on February 1, "We take over Daewoo Shipbuilding & Marine Engineering (DSME) in order to maintain our N...
2019-02-07 08:25:12
SHI considers buying DSME
Samsung Heavy Industries (SHI) announced on January 31 that the Korean shipbuilding heavyweight looks favorably on an offer it had from Korea Development Bank (KDB) regarding the acquisition of Daewoo Shipbuilding & Marine Engineering (DSME)....
2019-02-07 08:24:31
HHI eyeing HHIC Subic too?
Sources reported that Hyundai Heavy Industries (HHI) is one of the potential buyers interested in HHIC-Phil, or, Subic Shipyard. On February 6, local media at the Philippines cited the Secretary of National Defense of the Philippines Delfin Lo...
2019-02-07 08:23:26
HHI·SHI reviewing DSME deal
Hyundai Heavy Industries (HHI) Vice President Cho Yeong-cheol commented on January 31 that “KDB will give the same offer (HHI received) to Samsung Heavy Industries.” “SHI has a review period until February 28, and the final result is sub...
2019-02-01 12:00:43
Tsuneishi factory get health & safety cert
The Tsuneishi Factory (Director & Tsuneishi Factory Manager: Takuma Ashida) of TSUNEISHI SHIPBUILDING Co., Ltd. (HQ: 1083 Tsuneishi, Numakuma-cho, Fukuyama, Hiroshima, Japan; President: Kenji Kawano), which engages in newbuildings, was grante...
2019-02-01 08:43:55
Wärtsilä goes restructuring
Wärtsilä Corporation will initiate a formal process to realign its operations and resources to secure future profitability and competitiveness. The Group-wide program emphasises sustainable savings and actions that increase customer value in an...
2019-02-01 08:39:15
HHI-KDB signed conditional MOU for DSME consolidation
KDB announced on January 31 the bank signed a conditional MOU for M&A transaction between Hyundai Heavy Industries (HHI) and Daewoo Shipbuilding & Marine Engineering (DSME) KDB explained that the deal had been pursed privately as it en...
2019-01-31 16:30:16
POSCO poised to raise thick plate price
POSCO revealed an intention to raise thick plate price. A high official at POSCO commented on January 30 at Q4 2018 earnings call that “compared to other industries, shipbuilding is on track of recovery... we are considering a markup of thic...
2019-01-31 15:04:41
DSME picks up new talents
Daewoo Shipbuilding & Marine Engineering (DSME) recently recruited 58 college graduates for the first time in four years. The company has hired no college graduates since 2014 during its management crisis. At the end of 2018, the compan...
2019-01-31 14:35:54
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