General
[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
HHI disputes with TMT in court
Hyundai Heavy Industries (HHI) is struggling with patent disputes in the court involving Nobu Su, the owner of a Taiwanese shipping company TMT (Today Makes Tomorrow). It is said that Seoul Central District Court is dealing with the case, with...
2019-01-03 08:30:28
DSME promotes 14 executives
Daewoo Shipbuilding & Marine Engineering (DSME) has recently appointed new executives leadership.  The Korean conglomerate explained on December 28, 2018, that it appointed three Executive Vice Presidents (Choi Yong-suk, Cheong Dae-su...
2019-01-02 15:54:18
ClassNK releases amendments to class rules
Leading classification society ClassNK has announced that it released amendments to its Rules and Guidance for the Survey and Construction of Steel Ships on 25 December 2018.   ClassNK is constantly revising its Rules and Guidance in order...
2019-01-02 08:45:32
"Continued restructuring may harm the industry"
A member of the National Assembly warned that continued restructuring in the shipbuilding industry might harm the industry eventually. Kim Jong-hun of The Minjung Party recently commented in an interview that “the shipbuilding industry is in...
2019-01-02 08:37:14
HHI's 2018 wage agreement delayed
The labor union and management of Hyundai Heavy Industries (HHI) reached a tentative agreement for '2018 wage and collective negotiation' on December 27, 2018. It is after eight months since the first round of negotiation on May 8.  The i...
2019-01-02 08:36:30
DSME labor-management reach agreement
The agreement for 2018 wage negotiation has been made by the labor union and management of Daewoo Shipbuilding & Marine Engineering (DSME).  On December 31, 2018, the labor union called for the yeas and nays and passed the tentative a...
2019-01-02 08:35:58
HHI negotiation reaches an interim agreement
Hyundai Heavy Industries (HHI) management and union came out with an interim agreement for 2018 wages on December 27. It is after eight months since the first round of negotiation on May 8. The interim agreement involves △employment guarante...
2018-12-28 11:28:24
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