General
Samsung and KOSEP export wind turbines
Korea's Samsung Heavy Industries and Korea South-East Power Co. (KOSEP) will export large-scale wind turbines to Macedonia. Both companies revealed last Monday that they had signed an investment letter of intent for a large-scale wind power const...
2010-12-22 10:52:43
CSSC wins state salvage ships
The Ministry of Transport signed a contract with the China State Shipbuilding Corporation on Dec. 19 to start construction on two new types of all-weather large oceanic salvage ships equipped with a medium-sized rescue helicopter landing platform and...
2010-12-22 09:04:02
Shipbreaking rises in China
Chinese shipbuilders, mainly new shipyards struggling for the newbuilding market, have recently been turing into the ship scrapping and/or repairing business, securing scrapping volume at a lower price than India's. A capesize bulker built in 19...
2010-12-22 08:30:29
Norwegian set up Brazil unit
Norway’s Havyard Group has launched a new outfit in Brazil. Havyard South America Ltda will focus on delivering Havyard’s vessel designs, services and equipment to customers in the Brazilian market, says Havyard chief information officer Gunn...
2010-12-22 07:29:22
S&M yards to break through
The shipbuilding market was stepping out of depression since the beginning of this year. However, the polarization became a serious problem. According to statistics from China Association of the National Shipbuilding Industry (CANSI), more and mo...
2010-12-21 11:48:07
Hanjin faces a general strike
Metal workers' union of Korea's Hanjin Heavy Industries & Construction Branch launched a general strike yesterday, after holding a press conference, with some political parties and civic communities against company's restructuring plan for 400 worker...
2010-12-21 10:19:22
Unavoidable delay in M&A
Some legal battles seem to happen in the process of the sale of Hyundai Engineering & Construction (HEC) in Korea. Therefore, several large enterprises including Daewoo Shipbuilding & Marine Engineering (DSME) and Hynix Semiconductor, which were s...
2010-12-21 08:55:09
Christmas gifts from Germany for Samsung
German shipping company Peter Doehle sent 31,800 bottles of wine, named Calicanto, to all workers at Korea's Samsung Heavy Industries (SHI) for Christmas gifts. Calicanto was made from the grapes harvested from Peter Doehle-owned farm in Chile. ...
2010-12-21 08:46:03
ST Marine secures upgrade & repair orders
Singapore's ST Marine (Singapore Technologies Marine Ltd.) has secured its first contract from the Royal Australian Navy (RAN). It is to double-hull the 157.2 m long combat logistics vessel HMAS Success, to be double hulled to meet IMO standards for ...
2010-12-21 08:27:25
Cochin wins MOU Excellence Award
India's Cochin Shipyard Ltd has been conferred with the MOU Excellence Award to facilitate the PSU’s performance during 2008-09. The award was presented by Dr Manmohan Singh prime minister to the company’s officiating Mr K Subramaniam CMD and ...
2010-12-21 08:16:44
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