General
Sungdong job creation hits 31%
Korea's Sungdong Shipbuilding & Marine Engineering has been awarded a presidential citation as one of the companies which created the most jobs in the country. 'Job Creation Top 100 Companies' award was held in Seoul on December 23rd and Sungdong ...
2010-12-24 11:54:56
Daewoo boss disguised as Santa
Daewoo Shipbuilding & Marine Engineering president Nam Sang-tae disguised in Santa Claus is giving gifts to citizens on outings at the Cheonggye creek in Seoul on December 24th. Mr Nam said, "This event was planned to promote shipbuilding industr...
2010-12-24 11:34:08
2010 STX Management Award
Korea's STX Group held '2010 STX Management Award' in Millennium hotel, Seoul, yesterday and awarded the grand prize to STX Pan Ocean's atlantic sales and marketing division, which made a considerable contribution for the group to achieve management ...
2010-12-24 10:13:04
Vigor acquires Todd Shipyards
New York-listed Todd Shipyards Corp is to be taken private in a $130m bid by Oregon-based shipyard group Vigor Industrial. The deal unites the two biggest shipyard groups in the US Pacific Northwest. Todd's repair and newbuilding operations i...
2010-12-24 08:07:51
Hanjin invests millions in energy sector
Korea's Hanjin Heavy Industries & Construction Holdings will invest around KRW 1trn ($868m) in the energy business over the next two or three years. Hanjin's investment targets are its energy-related affiliates including DaeRyun E&S and recently acqu...
2010-12-23 10:30:49
Hyundai labor union wins best honor
Oh Jong-swae, chairman of Hyundai Heavy Industries's labor union, was awarded the best honor, Gold Tower Order of Industrial Service Merit, in the '2010 government award for labor-management cooperation merit' held yesterday by Korea's Ministry of Em...
2010-12-23 09:00:39
Jiangsu rises as shipbuilding mecca
A combined newbuilding output of China's Jiangsu-based shipbuilders for the first 11 months of the year was estimated at 469 vessels totaling 19.86m DWT, which corresponds to 14.5% of the world's total and 35% of China's total. According to Jia...
2010-12-23 08:47:09
Stronger recovery next year
The new orders have returned to the level of 2006 this year with the ship price having rebounded and the industry having passed the toughest time. On December 21st, Chinese analyst Yu Aibin from Guosen Securities said in an investment summit that ...
2010-12-23 01:08:07
Chinese yachts enter world’s top10
As Chinese economy grew fast, it entered ‘post-automobile time’. Secretary Zheng Weihang of CCYIA indicated if Chinese government issued relevant policies as soon as possible, Chinese yacht economy would keep development on highway. On Decembe...
2010-12-22 14:33:15
Hyundai sets up green energy division
Korea's Hyundai Heavy Industries is going to establish a new division in full-charge of the renewable business including solar and wind power, etc. Hyundai will separate the solar and wind power businesses, which are focused areas as a new growt...
2010-12-22 11:54:55
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