General
SPP runs to $5bn sales
Korea's middle-standing shipbuilding company SPP Group has uncovered its new vision to attain KRW 5trn ($5bn) in its sales by 2015. Lee Nak-young, chairman of SPP Group, declared group's growth target named 'Vision 2015' in New Year's kick-off me...
2011-01-05 11:33:17
Guam Shipyard dock sinks
A Guam Shipyard floating drydock sank after taking on water. The dock, known as Big Blue, is partially submerged after the incident on Monday. The US Coast Guard (USCG) said it received a call from the US naval base on the island in the early...
2011-01-05 08:06:15
Mixed prospects: Korea-up, China-down
Shipbuilders have outperformed the expectations of many in 2010 but there are conflicting signals about how they will perform this year. The “mini-boom” in the dry-bulk sector has boosted the confidence of many shipping companies, resulting i...
2011-01-05 07:47:39
Yard polarization to be resolved?
Many are paying attention to seeing if the polarization of the domestic shipbuilding industry will continue this year. Korea's large shipyards won considerable amount of new orders last year, surpassing their annual new order target whereas most ...
2011-01-05 07:11:32
Daewoo builds nine best ships
Korea's Daewoo Shipbuilding & Marine Engineering (DSME) is continuing its reputation as the best shipbuilder, turing out highly-qualified vessels. Nam Sang-tae, president of DSME revealed two of Daewoo-built ships were chosen to be 2010's best ve...
2011-01-04 09:43:08
Hanjin pays penalty on subcontracts
Korea Fair Trade Commission (KFTC) announced on 31st December 2010 that it had decided to impose a fine of KRW 18m ($16,000) on Korea's Hanjin Heavy Industries & Construction for Hanjin's dawdling over issuing subcontract agreements to its subcontra...
2011-01-04 08:15:44
MSC pursues Maersk
Having taken deliveries of 19-unit large boxships, Mediterranean Shipping Company (MSC) was closely pursuing Maersk, in terms of fleet scale. According to Alphaliner statistics, 61-unit boxships above 7,500TEU were delivered in 2010. MSC took 19-u...
2011-01-04 01:05:28
HHI, "Get over difficulties by Hyundai Spirit"
Hyundai Heavy Industries president Lee Jae-sung said in a New Year's address on Monday that difficulties and challenges are awaiting down the road this year. "Recovery of global shipbuilding industry is going at a snail's pace and Chinese shipyard...
2011-01-03 13:04:21
Samsung, "Let's leap with innovation"
Roh In-sik, president of Samsung Heavy Industries, said today in a New Year's address, "Lets make a new leap through creativity and innovation and take the bull by the horns to overcome uncertainties in the coming year." He said, "Pessimism domin...
2011-01-03 12:43:02
Daewoo carries out promotions
Ryu Wan-soo, executive director of the business team 1 of Korea's Daewoo Shipbuilding & Marine Engineering, has been promoted to vice president. Daewoo carried out a regular reshuffling for total 28 executives on 31st December 2010. Company's mana...
2011-01-03 12:12:06
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