Huatai Heavy filed for bankruptcy
Huatai Heavy Industry, which had been in the Chinese government’s ‘White List,’ ended up filing for bankruptcy protection with a local court. According to Splash, the Nantong-based yard had secured no new orders since last year. Workers ...
HHI raises non-duty allowance of offshore workers
Hyundai Heavy Industries (HHI) management stated in a company newsletter on September 11 that it amended the non-duty allowance of executives and staff members in its offshore business sector to 40% of average wage from zero, and submitted the pl...
Closed SB yard to be transformed
The Korea Land and Housing Corporation (LH) announced on September 10 that it has chosen Posco A&C-led consortium as a winner in the 'International Urban Design Competition for the Regeneration of Tongyeong Dockyard'. The LH received...
STX hit a new bottom
STX Heavy Industries stock hit new bottom at the news that the company submitted a rehabilitation plan. The price of STX Heavy Industries stock once marked KRW3,230 on September 11, lowest in 52 weeks. A day earlier, the company state...
"Need for focusing on repairing large ships"
A Korean institute pointed out that repairing and retrofitting large-sized vessels can help its compatriot shipbuilding industry that has suffered with long-term recession. The Korea Institute for Industrial Economics & Trade (KIET) releas...
SMM: Closing report
Thirteen halls covering a total of 93.000 m2 exhibition floor: SMM has again demonstrated in impressive ways that it is rightly called the biggest and most important trade fair of the global maritime sector. Bernd Aufderheide, President and CEO o...
DNV GL at SMM 2018
At the SMM trade fair in Hamburg, DNV GL signed partnership agreements with WinGD, VAF Instruments and Viswa Lab to work together to improve the performance of vessels. All three partners will connect to DNV GL’s ECO Insight, the most widely us...
Bureau Veritas and [bluester] enter into co-operation
Bureau Veritas is integrating its digital platforms with the [bluester] online marketplace and providing independent vendor qualification services to its users. Desktop and global online verification of [bluester] listed service providers by B...
Damen chairman meets romanian Minister of Economy
Chairman and owner of Damen Shipyards Group Kommer Damen has held a meeting with the Romanian Minister of Economy Dănuţ Andruşcă to discuss the future of the Damen Shipyards Mangalia. Following Damen Shipyards Group’s acquisition of the ...
KR marked the presence in SMM 2018
The Korean Register of Shipping (KR) announced that it participated in the SMM 2018 exhibition at Hamburg, Germany. SMM is one of the most acknowledged global marine exhibition. This year’s SMM has attracted a total of 2,289 exhibitors and a...
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