President Moon strengthens tie with Norway
During his state visit to Norway, Korean President Moon Jae-in had a summit with Prime Minister Erna Solberg. Prime Minister Solberg expressed friendship with Korea, pointing out democracy and constitutionalism as shared values of two countrie...
Partnership strengthens between DSME and DNV GL
Daewoo Shipbuilding & Marine Engineering (DSME) and DNV GL have signed a framework agreement which will see them cooperate on joint development projects (JDPs) for future technologies in the shipbuilding and offshore plant industries. The agr...
Third round again foundered at Sungdong
The third bidding round for Sungdong Shipbuilding & Marine Engineering again foundered on June 13. Sources told that Changwon District Court decided miscarriage of auction, judging all three bidders' could not appropriately prove financing...
Former CEO of DSME sentenced to five years in jail
Nam Sang-Tae, the former CEO of Daewoo Shipbuilding & Marine Engineering, has been sentenced to five years in prison. On June 13 the Supreme Court announced a final ruling of five years in prison on Nam Sang-Tae who was accused of profes...
KSOE CEO released the first statement
Korea Shipbuilding & Offshore Engineering (KSOE) CEO Kwon Oh-gap released his first official statement on June 11. The statement included a few important points: ▲KSOE would be a paradigm changer ▲KSOE needs to be the frontline against...
DSME buys more time against public tender ban
The Court suspended the effect of the public tender ban on Daewoo Shipbuilding & Marine Engineering (DSME). The Seoul High Court acknowledged DSME’s appeal for suspension of execution against the ban, which was inflicted by the Korea Fai...
“Dubai Maritime Virtual Cluster” proves strong attractio
The "Dubai Maritime Virtual Cluster" platform, under the umbrella of the Dubai Maritime City Authority (DMCA), has drawn strong interest from visitors to Nor-Shipping 2019, which is currently underway in Oslo and Lillestrøm. The number of attend...
DSME develops VR training system
Daewoo Shipbuilding & Marine Engineering (DSME) has developed a training system using virtual reality (VR) for crewmen, which aims to give sailors training for cutting-edge gears before they get on completed ship. DSME invited directors an...
One dead as crane collapses at YZJ
A crane collapsed on June 10 at Yangzijiang Shipbuilding (Holdings) Group's (YZJ's) Yangzi Xinfu shipyard. When the accident occurred, according to China's local media outlet, a bulker was on construction at the yard. The crane ...
Three bidders came out for Sungdong sellout
Three bidders emerge for the bidding of court-managed Sungdong Shipbuilding & Marine Engineering. On June 7, three strategic investors submitted LOI to the preliminary bidding by Samil PwC and Changwon District Court. The main tender is...
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