HHI union continues to strike
HHI branch of the Korean Metal Workers' Union (KMWU) continues its strike to oppose physical division. Hundreds of union members participated in a full strike to go to Seoul, organizing a rally. Rest of the members go into four-hour partial st...
AVIC continues restructuring efforts
Aviation Industry Corporation of China(AVIC) has transferred the ownership of AVIC Zhenjiang Shipyard Marine (AZM), one of its subsidiary yards, amid the restructuring efforts. Sources told that AVIC International Maritime Holdings (AVIC Marin...
HHIC resumes stock trading, again
Hanjin Heavy Industries and Construction (HHIC) stocks, whose trading was suspended due to the capital impairment caused by HHIC-Phil and capital reduction thereafter, resumes its trading from May 21. The trading of HHIC stocks had been suspen...
Arctic LNG 2 and TechnipFMC sign EPC deal
PAO NOVATEK (“NOVATEK” and/or the “Company”) announced that its joint venture Arctic LNG 2 and TechnipFMC signed a contract on engineering, procurement, supply, construction and commissioning of an integrated liquefied natural gas facilit...
BIMCO elected new President
Şadan Kaptanoğlu, managing director of HI Kaptanoglu Shipping, was elected President of BIMCO – the world’s largest shipping association – at its General Meeting in Athens on Tuesday 14 May. “It is a great privilege for me to chair t...
Baltic Exchange appointed new chairman
Denis Petropoulos has been elected Chairman of the Baltic Exchange Council with effect from 1June 2019. He replaces Duncan Dunn who has held the position since January 2018. Denis Petropoulos was a founding partner of Braemar Tankers Ltd and rema...
MPA sets cybersecurity center
Mr Niam Chiang Meng, Chairman of the Maritime and Port Authority of Singapore (MPA), opened a new 24/7 Maritime Cybersecurity Operations Centre (MSOC). The MSOC will be operated by ST Engineering in its Hub. MSOC will conduct 24/7 monitoring a...
HHI appealed for support for DSME acquisition
HHI (Hyundai Heavy Industries) is promoting its decision of physical division and the acquisition of DSME (Daewoo Shipbuilding & Marine Engineering) in Ulsan local communities. The company stated that it is distributing promotion materials...
HHI union fires 2019's first strike
HHI branch of the Korean Metal Workers' Union (KMWU) started a strike on May 16 to express opposition to the management's physical division plan. On the day, HHI union conducted a 4-hour partial strike, organizing a rally in front of HHI's Uls...
SHI got a legal blow in UK
SHI (Samsung Heavy Industries) announced on May 16 through a regulatory filing that a London arbitration court ordered it to compensate a total of $180m to Ensco Global IV Ltd. SHI had delivered a new drillship (DS-5) in 2011, which it had won...
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