E-navigation key technology for ships to be localized in Sou...
The key technology for ‘e-navigation system for ships’ will be developed in South Korea. The system connects with land information center, automatically switching the communication channels, when ships are operated at sea home and abroad. The ...
Chinese steelmakers to enlarge shipbuilding steel plate outp
Chinese steelmakers seem to be turning their eyes upon shipbuilding steel plate which is in strong demand at home and abroad. The move may improve the steel plate procurement environment for not only Chinese shipbuilders which face supply shortage...
The 4Q material price hikes weigh on Shipbuilding industry
Domestic (Korea) shipbuilders, being fettered by strong purchasing desire, are being swayed by steel mill’s unreasonable demand. Given that domestic (Korea) shipbuilders’ steel plates purchasing power is considered to be the best in the world ...
Nippon Steel to boost prices of steel provided for South Kor...
The world’s second largest iron and steel manufacturer in Japan, Nippon Steel has raised the prices of steel plates which are supplied for South Korea’s Hyundai Heavy Industries (HHI) and Daewoo shipbuilding & Marine Engineering (DSME). Bloomb...
Japanese shipbuilding industry is in shortage of steel plate
According to Japanese economy daily, Nippon Steel Corporation and JFE Steel are reported to scramble to coming up with countermeasures over a shortage of steel plates supplies for shipbuilding. Nippon Steel Corporation plans to boost the productiv...
NYK Line to develop solar panels for powering ships
Nippon Yusen Kaisha (NYK Line) on August 26 announced that it will jointly develop a solar panel system which partially powers a ship by solar energy, with Nippon Oil Corporation. NYK Line is going to invest about $1.4m in the solar panels to be d...
STX Engine to sign a massive supply contract
South Korea’s STX Engine has signed a contract to supply a large number of vessel engines worth KRW 162bn. STX Engine on 21 August revealed that it has entered into a contract with a domestic large-scale shipbuilding company to supply a total of...
Steel Plates’ price hikes weighing on shipbuilding industr
The surging cost of steel plates for shipbuilding starts to put a strain on large-sized shipbuilders as well as the big three shipbuilders, which are Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering. ...
Dongjin M.Tech to develop hydraulic cylinders
Dongjin M.Tech (South Korea) is about to develop supersized hydraulic cylinders for the first time in South Korea. The company will develop the cylinders under the auspices of Ministry of Knowledge Economy (MKE, a branch of the South Korean govern...
Mid&small sized shipyard shouldering steel plates’ price b...
It appears that mid and small and start-up shipyards suffer from supply shortages and price hikes in steel plates. Since the end of 2007, steel plates for shipbuilding had been climbing up, with no end in sight, and it jumps to 1.5 times of the pr...
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