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Hanjin union members out on strike
The labor union at Hanjin Heavy Industries & Construction (HHIC) has entered into a strike for an indefinite period on 9th, November since it has had conflicts with the company for months on the matters of a wage agreement and restructuring. At o...
2010-11-12 09:32:31
21C Shipbuilding builds new site
21st Century Shipbuilding, a shipbuilding company of middle standing in Korea, has begun to create a new factory site in Geoje. According to the news released in Geoje, the company is constructing a factory site, which is permitted to build a fac...
2010-11-12 09:20:01
A $200m yacht to be launched
The designers were negotiating with a well-known shipyard from Holland. The yacht was expected to be sale in the market soon. Puresang, who was a designer from Antwerp, said the design inspiration came from fairy tales such as Pinnochio and Moby D...
2010-11-11 11:37:43
Japanese manpower marks first fall
The total number of workers at Japanese shipyards as of April 2010 fell 1% from a year before to 53,320 for the first decline in six years, according to a tally compiled by the Shipbuilders' Association of Japan (SAJ) on the basis of the results of a...
2010-11-11 09:11:42
Croatia tries again: Kraljevica privatization
Croatia has opened a new privatization round for its stake in the Kraljevica shipyard. The country wants to sell a 99.54% holding ahead of joining the European Union. A previous attempt failed to lure investors. The 893,150 shares will go...
2010-11-11 07:17:56
Dr. Ha named '2010 Samsung Fellow'
Samsung announced on Tuesday that it has selected Ha Mun-geun (50, pictured), research director at Samsung Heavy Industries, as the '2010 Samsung Fellow', which is a supreme honorary position awarded to the group's core technical professionals. Gr...
2010-11-10 08:49:25
VLCC delayed at Bohai Shipuilding
Questions are being raised about the future of two VLCC newbuildings ordered by BW Group at Bohai Shipuilding Heavy Industry in China four years ago, following lengthy construction delays. Work on the 318,000-dwt BW Lotus and BW Peony is well adv...
2010-11-09 08:02:07
WIS returns to profit
Western India Shipyard (WIS) has overturned last year’s losses in the second quarter as revenue grew. Net profit to 30 September was INR 19.2m ($432,000), as opposed to a loss of INR 44.6m in the corresponding quarter of 2009. India’s big...
2010-11-09 07:43:32
Ship & Shore scraps SH PC
Nigerian owner Ship & Shore Services looks to have raked in $3.6m from the sale of a single-hull products tanker. The 31,302-dwt Sea Prince I (built 1981), the oldest ship in the company's fleet, will be torn apart in Pakistan, brokers said Monday...
2010-11-09 07:35:30
Samho Dream free at high ransom
A whopping $9m ransom has been paid to pirates onboard a hijacked South Korean VLCC which has been freed on Saturday morning. The vast sum reportedly paid out to free the 319,400-dwt Samho Dream (built 2002) is believed to be a record amount for ...
2010-11-08 07:29:25
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