Equipment
Green light for Dongkuk
Thanks to the improvement of shipbuilding market conditions, Korea's Dongkuk Still Mill is expected to stabilize the production and sales of ship plates. According to industry sources, 2010's overall plate consumption of Korea's big four shipbuil...
2011-02-15 11:13:22
6,000-7,000TEU's to benefit
Containerships of 6,000-7,000 teu stand to benefit the most from the expanded Panama Canal. They will be in greatest demand because larger ships will remain subject to limitations on the eastern seaboard of the US, claims a new study by DVB Bank. ...
2011-02-15 08:14:31
Daewoo creates fortress-ship
Korea's Daewoo Shipbuilding & Marine Engineering has developed a fortress-style ship, which is safe from being kidnapped by pirates. Daewoo has succeeded in producing DASP (DSME Anti-Pirate System) and applied for a patent over some of its technol...
2011-02-15 07:35:18
ABB powers cruise duo
Swiss's ABB has secured a contract to equip two cruiseships on order at Germany's Meyer Werft. ABB says the deal, valued at more than $50m, is tied to power and propulsion systems for a pair of 4,000-passenger newbuildings ordered by US owner Norw...
2011-02-15 07:04:19
Hanjin to accept last voluntary resignation
Korea's Hanjin Heavy Industries & Construction has revealed that the company will receive the last applications for voluntary resignation by the morning of 14th February without changing the condition for voluntary retirees to pay up to 22 months-wor...
2011-02-14 06:29:40
Nuclear-powered tanker on development
Good news is heard that nuclear-powered tanker, which does not cause any CO2 emissions while ships sailing, is being developed. The nuclear energy is widely used for only military vessels, not for private ships yet, so London-based Lioyd's Registe...
2011-02-11 12:21:52
Hyudnai makes 5,000th HiMSEN
Korea's Hyundai Heavy Industries has produced overall 5,000 'HiMSEN' engines, purely Korea-developed engine, in 10 years since it started the production. Hyundai has announced that it successfully completed the test run of HiMSEN 8H25/33 to be la...
2011-02-11 06:40:55
Higher steel price to help Korean
As an advance of steel prices is getting clear, Korea's shipbuilding industry is expected to take advantage of it while China would be negatively affected. Lee Seok-jae, researcher at Seoul-based Mirae Asset Securities, says, "An increase in stee...
2011-02-11 06:33:31
Posco advances to Chinese market
A joint venture between Korea's Posco and STX, Posco-PDCCP, established in Dalian in China, will enter into a full-scale operation from the 15th of Feburary. Posco is planning to plunge into the Chinese steel plate market through the newly establ...
2011-02-11 06:28:56
Chinese yacht: Warning!
As is reported earlier, optimistic views were spreading widely on growth of Chinese yacht industry. One trillion opportunities were believed to be triggered from Chinese yacht industry. Secretary Zheng Weihang of China Cruise and Yacht Industry As...
2011-02-10 15:09:23
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