General
Hyundai, moving to downsize
While the movement of employees between departments has been occurring since the end of last year, the argument that the workforce restructuring at Hyundai Heavy Industries (HHI) is being put into full practice is being aroused. The labor union o...
2010-02-04 06:39:28
Hyundai union cuts former members
After the labor law banning the payment for former union executives passed the National Assembly early this year, which is to be effective as of July, the labor union of Hyundai Heavy Industries (HHI) revealed that it will reduce the number of former...
2010-02-03 07:00:44
Car ferry newbuild case sent back
A US federal appeals court decision has reopened a JM Martinac Shipbuilding's dismissed government misconduct lawsuit over car ferry newbuildings in Washington state. The Ninth Circuit Court of Appeals ruled that a lower federal court correctly d...
2010-02-02 07:20:32
Fatal accidents surge
Safety management at Korean shipyards has revealed its flaws as six workers died while they were working in January 2010. On Jan. 25th, a worker who was doing ship block manufacturing work with a grinder at the shipyard of Hyundai Samho Heavy Indu...
2010-02-02 06:43:24
BDI falls to 2,000 mark
Baltic Dry Index that indicates the conditions of the bulker market fell to the range of 2,000 points again in about three months. According to market sources, BDI stood at 2,963 points on Jan. 28, down by 155 points from the previous day. T...
2010-02-01 12:05:22
STX Europe to lay off more
Lay-offs are set to reach a new high at STX Europe’s Saint Nazaire shipyard in France between March and May, with 800 of the yard’s 2,400 employees facing “almost total” unemployment over the period and others being laid off for shorter perio...
2010-02-01 07:21:11
EU tackles price dumping
European Union shipbuilders are investigating deals struck by non-European competitors amid claims yards are deliberately taking on loss-making work. The Community of European Shipyards Association is probing recent deals to establish true cost af...
2010-02-01 07:18:29
Hyundai subcontracted workers woe
Due to decreasing workload caused by the downturn in the shipbuilding industry, working conditions for subcontracted workers to South Korean shipyards are deteriorating. It is not only overtime works but also hourly wages and extra work allowanc...
2010-01-29 15:06:37
Financial storm rocking shipbuilders
Although China's shipbuilding industry reported a gross output value growth and received the most orders in the world in 2009, analysts said it still faces gloomy prospects in the next few years. Shipbuilding saw a gross output value of 548.4 bil...
2010-01-29 07:47:53
Red tape cut for STX
South Korea’s Masan Customs Office announced that it had decided to incorporate STX Offshore & Shipbuilding’s two separated bonded shipbuilding factories in Jinhae and Busan into a single bonded factory system, effective as of Jan. 26th, in a bid...
2010-01-28 16:00:57
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