General
STX launches 2nd Global Pioneers
South Korea’s STX Business Group held a ceremony on Thursday for launching the 2nd STX Global Pioneer group. STX Global Pioneer is a program to foster global talent by sending workers abroad. The 2nd group consists of STX Corporation and STX Pan...
2010-01-28 12:25:07
Dales Marine expands facilities
Aberdeen-based ship repair and maintenance specialist, Dales Marine Services, has expanded its operations on Scotland’s east coast with the lease of a dry dock at the Port of Leith and a workshop at Montrose, in order to service growing demand in t...
2010-01-28 07:48:50
Hanjin withdraws unilateral layoff plan
There are growing local opinion hoping for smooth settlement between the management and labor union of Hanjin Heavy Industries & Construction (HHIC) over the workforce restructuring. The management has recently accepted the demand of the union th...
2010-01-28 07:00:27
Hyundai restructuring? political attack?
In South Korea, Democratic Labor Party (DLP), one of the country's opposition party, and Hyundai Heavy Industries (HHI), the world's largest shipbuilder, is clashing into each other on HHI's alleged move to cut workforce or wage against its subcontra...
2010-01-28 06:43:39
China ship export value up 45%
On January 26th 2010, China’s Ministry of Industry and Information Technology (MIIT) issued statistics report of national shipbuilding in 2009. MIIT’s report showed that China’s newbuilding output and orderbook of 2009 occupied 34.8% and 38...
2010-01-27 16:05:19
Doosan wins power plants
South Korean contractor Doosan Heavy Industries & Construction announced on Jan. 25th that it has received an order for super power plant worth $1.1bn from India. Doosan Heavy Industries vice president Seo Dong-su had a contract-signing ceremony ...
2010-01-27 07:06:13
STX Engine more into non-shipbuilding
South Korea's STX Engine is expecting to receive more orders in non-shipbuilding sector this year. The engine maker is targeting KRW 1.7trn ($1.46bn) of orders in 2010, which is 70% higher than last year's order intakes worth around KRW 1trn. Su...
2010-01-27 07:01:46
Hyundai retirees hit all-time high
The number of regular retirees from Hyundai Heavy Industries (HHI) for this year is expected to exceed 900 for the first time. According to the world's largest shipbuilder's announcement on Jan. 25th, the number of retirees due to reach the retir...
2010-01-26 07:11:21
Korean-Greek ties strengthen
Kim Hyung-oh, Chairman of the National Assembly of South Korea, met Greece’s president Karolos Papoulias and Greece’s prime minister Andreas Georgios Papandreou in Athens on Jan. 21st (local time), and had an in-depth discussion about cooperation...
2010-01-26 07:03:26
IT incorporation makes King
Korean shipbuilders have arguably temporarily yielded the No. 1 position last year to Chinese rivals amid an abrupt fall in new ship orders following global economic downturn. Nevertheless, considering ship designing expertise and high value-added...
2010-01-26 06:54:54
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