General
Mitsui net jumps
Mitsui Engineering & Shipbuilding has raised its full-year result estimates after posting a massive rise in profit in the first nine months. Mitsui posted net profit of JPY 17.49bn ($195.6m) in the first three quarters of the financial year to the en...
2010-02-09 07:32:31
Hanjin to lay off further 352
Hanjin Heavy Industries & Construction branch of the Korean Metal Workers’ Union went on a strike during a definite period from Feb. 3rd to 5th. Prior to the strike, HHIC management submitted a report to the Korean Ministry of Labor on Feb. 2nd...
2010-02-09 07:00:21
Samsung soon to get new orders
Kim Jing-wan, vice-chairman of Samsung Heavy Industries, a shipbuilding giant in Korea, presented a positive outlook on market recovery this year in spite of the severe depression of shipbuilding market. In a press conference on Feb. 5th, he answ...
2010-02-09 06:57:52
TMT cuts PCTC orderbooks
Taiwan's shipowner Today Makes Tomorrow (TMT) has drastically chopped its orders for pure car/truck carriers (PCTCs). The privately owned company has booked 12 PCTCs in South Korea and China in the past three years but sources say it has now reduc...
2010-02-08 08:25:56
Daewoo violations "unbelievable"
It was revealed last week that Korean major shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has numerous flaws in its safety measures. After Korean Ministry of Labor started conducting the special safety supervision on DSME, more than...
2010-02-08 07:07:12
Majors up wind biz
South Korea’s major shipbuilding companies are advancing toward wind power industries following one after another. Samsung Heavy Industries marked the country’s first export of wind turbine by delivering the first of 2.5MW wind turbines, built...
2010-02-08 06:58:49
‘Self Safety Check’? Useless
The fatal accidents at shipyards in January that took lives of six workers while working at the yard sites of Hyundai Samho Heavy Industries, SLS Shipbuilding, and Daewoo Shipbuilding & Marine Engineering put the emergency alert on the safety managem...
2010-02-05 06:20:59
Japan ‘Cluster’, China ‘State aid’, and Korea …
With the orders drought being protracted, Japanese industrial cluster between shipbuilders, shipowners and shippers based on solidified cooperation is much envied by Korean shipbuilding industry. As for China, the government is supporting its shi...
2010-02-05 06:07:28
STX builds $3bn plants in Iraq
Korean business group STX said Wednesday that its subsidiary STX Heavy Industries has signed a memorandum of understanding with Iraq to construct a 3m-ton one-stop steel producing complex and a 500MW gas thermal power plant worth $3bn in total in Bas...
2010-02-04 12:11:28
Ukrainian yard workers enraged
Ukrainian shipyard workers have burned an effigy of their boss in protest at receiving no wages for nine months. The staff from Black Sea Shipyard in Nikolayev also staged a picket in the city centre on Tuesday. And they have threatened to se...
2010-02-04 08:26:05
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