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DSME CEO under suspicion of lobbying
The prosecutory authorities started to investigate a doubt that Daewoo Shipbuilding & Marine Engineering president Nam Sang-tae lobbied to keep his consecutive term of CEO, which was brought up by the political circles. On July 2nd, an official fr...
2010-07-05 07:18:36
Asry expansion underway
Asry is on track with its $188m expansion programme, and expects to see 400mtrs out of its planned 1,380mtr quay wall completed this year with an addition 800mtrs scheduled for completion by end 2011. "I am pleased with the progress of the construc...
2010-07-02 06:37:59
Weihai keeps slightly smooth growth
Weihai, a small coastal city located in Shandong Province China, is becoming an emerging shipbuilding base and keeping a sustainable growth during financial tsunami. In 2009 the newbuilding output of Weihai increased by 75.2% against a year, with ...
2010-07-01 09:55:03
Fincantieri workers walk out
Workers at the Fincantieri shipyard in Ancona have staged a three-hour strike to draw attention to the “crisis” there. Staff at the Italian plant walked out between 9am and 12pm on Tuesday morning and planned to head to a regional council mee...
2010-07-01 08:30:41
HHI union accepts "Time-Off"
Hyundai Heavy Industries labor union chairman Oh Jong-shoi (pictured) announced today in a press conference that the union has decided to accept the time-off system bearing 'not small' pains. Accordingly, the union will cut the number of union pre...
2010-06-30 14:50:46
Hanjin Subic hiring spree
Hanjin Heavy Industries & Construction has recruited more than 400 welders at its Philippines shipyard, but still needs upwards of 4,000 to complete its orderbook. The company said 421 staff were hired last week for its Subic Shipyard. In May...
2010-06-30 08:31:16
OSX yard project eyes Rio
Brazil's Rio de Janeiro state may consider granting an environmental license to billionaire Eike Batista's OSX shipyard project after a southern Brazil state turned it down, a Rio state official said. Batista's OSX, projected to build drilling rigs a...
2010-06-30 08:29:20
New shipbuilding standard GBS adopted
While the discussion for the compulsory application of the new concept shipbuilding standard of the Goal-Based Standards (GBS) ended successfully at the 87th Meeting of the Maritime Safety Committee (MSC87) under the International Maritime Organizati...
2010-06-30 07:25:45
STX bulker order reduced
STX Offshore & Shipbuilding has seen nearly $30m wiped off its forward orderbook after a South Korean owner re-jigged a contract at the yard. STX says an original six-ship bulker deal has been cut down to four vessels. In a statement to inves...
2010-06-29 08:38:42
VLCC newbuild resale hits $111m
Minerva Marine of Greece has reportedly bought a VLCC resale contract at Daewoo Shipbuilding & Marine Engineering in Korea. The 320,000-dwt ship due for delivery in August is said to have fetched $111m. Some say the deal may have been conclud...
2010-06-28 07:55:27
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