Sembcorp Marine reported gloomy results
Sembcorp Marine posted Group revenue of $2.81 billion for the six months to June 30, 2018. This compares with $1.39 billion in revenue generated in 1H 2017 (restated for accounting changes on adoption of SFRS (I)). The higher revenue in 1H 2018 w...
DSME responsible for 2015 industrial accident
The Supreme Court of Korea ruled on July 20 that Daewoo Shipbuilding & Marine Engineering (DSME) is responsible for the death of two workers in 2015. On the day, the court convicted two DSME executive members of neglecting their duties to ...
KR-STX develop standard design for LNG BCs
The Korean Register of Shipping (KR) announced that the society and STX Offshore & Shipbuilding (STX O&S) signed an MOU for JDP developing a standard design of LNG powered bulker and gas supply systems. Two parties are planning to prod...
Wärtsilä's had good 1H in maritime world
Wärtsilä released Half year financial report January-June 2018. The complete report is attached to this release as a pdf-file. It is also available at http://www.wartsilareports.com/en-US/2018/q2/frontpage/ and on the company website at www.w...
"DSME labor makes wrong decision"
Choi Jong-gu, Chairman at the Financial Services Commission (FSC) of Korea, blasted the labor union of Daewoo Shipbuilding & Marine Engineering (DSME) which has recently approved disputes. During a recent press meeting, he said...
HHI labor union enters full strike
The labor union of Hyundai Heavy Industries (HHI) fully went on strike on July 19, and will go on until July 24. This is the first time the union goes on a full strike this year. It is said that some of about 12,000 union ...
KOSHA held safety seminar for yards
The Korea Occupational Safety and Health Agency (KOSHA) Busan branch held a safety seminar dealing with accident prevention and work process standardization. The seminar was arranged to present the cases of work process standardization to enha...
HHI management warns against full strike
HHI (Hyundai Heavy Industries) management stated in its internal newsletter on July 18 that it will take strict measure against illegal activities by the full strike scheduled from July 19. HHI union already noticed a full strike which would s...
Paving big data’s way into maritime dream
An expert seminar will be held to introduce fruits of ICT into the maritime industry. Korea Maritime Institute (KMI), Ulsan Port Authority, Korea Maritime and Ocean University jointly holds ‘maritime cluster joint seminar for application of ...
KR supports training small companies
The Korean Register of Shipping (KR) entered into an agreement with the Human Resources Development Service of Korea (HRD Korea) on July 13 for supporting the business of Consortium for HRD Ability Magnified Program. The business is run by the...
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