General
Sungdong plants trees with Japanese owner
Korea's Sungdong Shipbuilding & Marine Engineering planted commemorative trees with some senior officers of Japan's shipowner, KUMIAI, in Mangilbong Park in Tongyoung yesterday before it holds a naming and delivery ceremony for the 180,000-dwt bulker...
2011-01-25 06:53:59
China’s ship demolition hit 283 units in 2010
According to official statistics, in 2010 Chinese ship demolition volume hit 283 units of 1.879m LDT. Statistics from China National Shiprecycling Association showed in 2009 Chinese ship demolition volume reached 3.1m LDT. Although the figure in 2...
2011-01-24 15:53:08
MLIT holds new policy meeting
Ministry of Land, Infrastructure, Transport and Tourism (MLIT), Maritime Bureau in Japan held 'the 2th meeting for new policy for shipbuilding industry' on 20th January. Some executives of Japan's major shipbuilders and shipping companies expresse...
2011-01-24 11:39:46
Daewoo opens new R&D institute
Korea's Daewoo Shipbuilding & Marine Engineering has newly launched a 'central R&D institute', which will lead related projects to turn Daewoo into a integrated heavy industries company. According to Daewoo and industry sources on 24th January, D...
2011-01-24 10:29:31
STX targets Middle East orders
Kang Duk-su, chairman of Korea's STX Group is visiting five countries of the Middle East including Saudi Arabia from the 19th of January to have talks with senior officials responsible for economy and energy and to discuss cooperation measures for th...
2011-01-24 06:39:28
Bangladesh scrapping takes another hit
Bangladesh High Court has reportedly directed the government to halt all shipbreaking activity in the country until further notice. It follows the death of four workers after an explosion on the 50,600-dwt former Great Eastern tanker Jag Pranam (...
2011-01-21 07:56:47
Hyundai's Green Energy Drive
Korea's Hyundai Heavy Industries (HHI) is putting spurs to its newly established 'green energy' business division. Kim Gwon-tae, head of operations of the green energy division and vice president of HHI, said yesterday, "Hyundai aims to attain KRW...
2011-01-21 06:34:14
Daewoo on the verge of M&A
Korea's Daewoo Shipbuilding & Marine Engineering (DSME) seems to reappear on a large-scale M&A market soon. According to industry sources and some financial institutes on 19th, forming is the mood, 'announcement of the sale of DSME seems on the v...
2011-01-20 11:18:22
Hanjin collects 141 voluntary resignations
Korea's Hanjin Heavy Industries has accepted additional voluntary resignations from 31 workers of the layoff targets. With this, Hanjin will carry out terminating 259 workers out of its original layoff targets of 400 employees except for the volu...
2011-01-20 10:31:58
LR to class 30% of new orders
Lloyd’s Register (LR) announced it will be classing a third of all new ships ordered at Chinese and Korean shipyards last year. LR said it would be classing 29.6% of new orders placed at China yards and 28.3% at Korean yards based on figures fo...
2011-01-20 08:23:02
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