Inmarsat: IoT will cultivate new growth engine
The Industrial Internet of Things (IIoT) is set to make a sizeable contribution to the global economy by 2023. This is according to a new global study launched today by Inmarsat (LSE:ISAT.L), the world’s leading mobile satellite communications ...
KDB slowing down Daewoo disposal
Creditors of DSME (Daewoo Shipbuilding & Marine Engineering (DSME)) including Korea Development Bank (KDB) is slowing down the disposal process of the yard. It is said that while DSME has a sound financial status/order intake and KDB is ...
STX Heavy going for physical division
STX Heavy Industries announced through a regulatory filing on March 24 that it will spin off a new company, Sae-A STX Entech Co., Ltd., by splitting is plant division and some non-operating assets. Subsequently, the company further explained t...
Hyundai Mipo reached tentative agreement
The labor and the management of Hyundai Mipo Dockyard (HMD) have reached a tentative agreement for this year’s collective negotiation. In the 18th round of negotiations held on July 24, the labor and management agreed to ▲freeze the basic ...
SMM: 3D Printing revolutionises maritime sector
Similar to the automotive and aerospace industries, the maritime sector has no choice but to embrace the complex topic of additive manufacturing. SMM is at the cutting edge: For the first time the leading international trade fair of the maritime ...
Seaspan Shipyards names Mark Lamarre CEO
Seaspan Shipyards today announced that Mark Lamarre, who most recently served as Chief Executive Officer of Australian Shipbuilding Company (ASC), has been named Chief Executive Officer of Seaspan Shipyards, effective immediately. Mr. Lamarre suc...
HHI supports workers in heat
Hyundai Heavy Industries (HHI) announced on July 24 that the Korean shipbuilding heavy weight has urgently ordered about 56,000 'cool towels' for its workers to maximize cooling effects on their bodies. The cool towel is can be used semiperman...
HHI reduces stocks in Wartsila Hyundai Engine
Hyundai Heavy Industries (HHI) announced through a regulatory filing on July 23 that the company has decided to reduce its 1.6965m stakes in Wartsila Hyundai Engine, a joint venture established by Wartsila and HHI. The value of shares which wi...
POSCO continuingly sees strong profit
POSCO announced on July 23 that the Korean steel giant marked KRW 1.2523trn (approximately $1.13bn) of operating profit for the second quarter of 2018, up by 27.9% over the same period of 2017. From April to June this year, the company p...
DSME got LR smartship security cert
Daewoo Shipbuilding & Marine Engineering (DSME) achieved recognition of its cybersecurity technology from industry leading organization. The company announced on July 24 that it achieved AiP from LR for its ‘smartship cybersecurity.’ ...
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