General
Hyundai Oilbank attracts Aramco investment
Hyundai Oilbank has secured a KRW1.8trn investment from Saudi Aramco. Hyundai Heavy Industries (HHI) Group announced on January 28 that it signed an investment agreement with Saudi Aramco for up to KRW1.8trn of Pre-IPO of Hyundai Oilbank. With...
2019-01-29 08:06:51
HHI union members vote down wage agreement
Hyundai Heavy Industries (HHI) saw a tentative 2018 wage agreement rejected by the union members. HHI branch of Korean Metal Workers' Union (KMWU) called for the yeas and nays on January 25, and 4,830 or 62.88% of the 7,681 who cast the vote, ...
2019-01-28 16:15:25
Arrest warrant against Polaris chairman rejected
Busan District Court rejected an arrest warrant, which has been requested against Kim Wan-joong, chairman of Polaris Shipping, over the tragic sinking of the VLOC Stellar Daisy, on January 24.  The court noted that it made such a decision...
2019-01-28 14:17:41
ABS marks two-year safety milestone
S has recorded zero lost time work-related incidents for the second year in a row. The Lost Time Incident Rate (LTIR) has remained at 0.00 throughout 2017 and 2018, underscoring ABS’ industry-leading safety performance. “Safety is the foun...
2019-01-28 11:51:17
HHI Group has New Year's party with partners
The three affiliates of Hyundai Heavy Industries (HHI) Group HHI, Hyundai Mipo Dockyard (HMD) and Hyundai Samgho Heavy Industries (HSHI) had a New Year's party with about 250 partner companies on January 25 at Hotel Hyundai Gyeongju, North Gyeong...
2019-01-28 08:15:29
KR SCF Archive Center awarded ISO 27001 cert
KR SCF Archive Center of the Korean Register of Shipping (KR) was awarded ISO 27001 certification, an information security standard. KR SCF Archive Center is a cloud-based archiving system established in 2015 for SCF or Ship Construction File....
2019-01-25 13:54:16
HHI families all garnered interim agreements
Each HHI (Hyundai Heavy Industries) spin-off companies have sealed an interim agreement for 2018 wages, and the union is ready to put the agreements on a vote on January 25. HHI announced on January 23 that the management and the labor of Hyun...
2019-01-25 08:40:16
Warrant requested against Polaris Shipping Chairman
The warrant has been requested against Polaris Shipping Chairman Kim Wan-Joong, whose company had lost VLOC Stellar Daisy on March 31, 2017, in a sudden sinking in the South Pacific. Korea Coast Guard announced on January 23 that the agency re...
2019-01-25 08:37:28
Fincantieri appoints new General Manager
The Board of Directors of FINCANTIERI S.p.A. (“Fincantieri” or the “Company”), met on January 22 and resolved to appoint as General Manager of the Company Mr. Pier Francesco Ragni, already Deputy General Manager of the Company. Mr. Rag...
2019-01-24 10:41:59
Paris aiming air quality improvement
The Seine may soon be the world’s greenest river and Paris boat operators are leading the way. The City of Paris has set ambitious goals to improve air quality and reduce the city’s carbon footprint in conjunction with the upcoming Olympic...
2019-01-24 08:09:41
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