KR Chairman visits London
In his capacity as Chairman of the International Association of Classification Societies (IACS), Lee Jeong-kie, Chairman of the Korean Register of Shipping (KR), visited London, the UK, from September 10 to September 14. During the...
SHI sees agreement in wage talks
Samsung Heavy Industries (SHI) announced on September 20 that the labor and management of the company have reached an agreement in wage negotiation in three years since 2016. They are said to have agreed to △ freeze the basic wag...
HSHI opens purse before holiday season
HSHI opens purse before holiday season Hyundai Samho Heavy Industries (HSHI) decided to make payment to its suppliers earlier than scheduled before Chuseok holidays. Around 350 companies will receive their payment worth about KRW20bn. HS...
SHI workers engaged in struggle
Workers at Samsung Heavy Industries' (SHI's) Geoje shipyard engaged in a struggle after failing to reach agreement with the management in collective talks about restructuring process and wages for three years. The SHI labor union held a ...
Daewoo pays suppliers before holidays
Daewoo Shipbuilding & Marine Engineering (DSME) is to pay around KRW30bn to its suppliers earlier than scheduled before Chuseok holidays. DSME announced that it plans to make the payment for deliveries on September 21, 10 days before fixed...
Korea envisioning 100 LNG ships
The Ministry of Trade, Industry and Energy (MOTIE) of Korea announced that it would build 100 LNG-powered ships and establish five LNG bunkering facilities by 2025. A MOTIE official introduced such ambition in ‘International LNG Conference 2...
Wärtsilä upgrades biogas plant
Puregas Solutions, a part of the technology group Wärtsilä, has been contracted to supply a turnkey biogas upgrading plant to the USA. The plant will upgrade an existing anaerobic digester (AD) to produce biomethane. It has been ordered by a le...
MOL and Marubeni sign cooperation agreement
On September 5, Mitsui O.S.K. Lines, Ltd. (President & CEO: Junichiro Ikeda; Headquarters: Minato-ku, Tokyo; hereinafter "MOL") and Marubeni Corporation (President & CEO: Fumiya Kokubu; Headquarters: Chuo-ku, Tokyo; hereinafter "Marubeni"...
Korean shipbuilding: ways forward to future ④
Meeting domestic needs Industry experts point out that the biggest weakness of the Korean shipbuilding industry is the imbalance between domestic demand and export. It is said that while Korea has a strong shipbuilding industry, its shipping i...
CJC welcomes new partner
Well-known maritime lawyer Gareth Williams has joined Campbell Johnston Clark (CJC) as a director of its Singapore office, sustaining the international shipping law firm’s drive to grow by attracting acknowledged experts. Williams, who is a spe...
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