Equipment
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...
2008-08-29 10:05:00
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...
2008-08-21 13:10:49
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. ...
2008-08-20 10:08:24
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...
2008-08-18 15:42:55
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...
2008-08-13 09:54:52
Shipbuilding Industry strengthening competitive edge with IT
Shipbuilding industry is actively pushing for the introduction of Information Technology (IT) in order to boost production capacity and competitive edge. According to the shipbuilding industry, there are active Information technology (IT) introduc...
2008-08-11 11:59:42
Wärtsilä-Hyundai gets an order for const...
Wärtsilä-Hyundai Engine Company, a joint-venture company between Wärtsilä and Hyundai Heavy Industries, received an order for construction of engines for four vessels. The order calls for 16 Wärtsilä 50DF dual-fuel en...
2008-08-11 09:10:53
Xiangtan inks steel-supply contract with HHI and STX
Xiangtan Iron and Steel Company (China) has recently contracted with Korean yards to supply steel plates for shipbuilding. Xiangtan on July 22 and 23 signed MOU with Hyundai Heavy Industries (HHI) and STX Shipbuilding one after another. A sourc...
2008-07-31 09:46:24
Korean Steel industry embarks on producing steel plates
Amid the serious shortage of steel plates for shipbuilding, the plan for producing large scale steel plates starts in full earnest. POSCO embarks on constructing an annual production capacity of 2 million tons of steel plate plant, and the steel p...
2008-07-29 10:03:26
Japanese Steel’s unreasonable demand
With a sharp increase in steel plate price stemming from raw material prices hikes, Japanese steel industry puts up a steep price exorbitantly on the steel plate which is to be exported to Korea. Korea shipbuilding industry’s strong countermeasure ...
2008-07-28 09:37:34
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