General
STX donation doubles
South Korea’s STX Business Group held a ceremony on Thursday for donation of KRW 2bn ($1.78m) in ‘Hope 2010 Sharing Campaign’ at the Community Chest of Korea National Office in Seoul. The company wishes to help neglected class of people and ...
2010-01-14 13:12:12
Sri Lankan scraps vessel in China
Full Indian shipbreaking yards have led a Sri Lankan shipowner to send a multi-purpose unit to China for demolition. Colombo-based Mercantile Shipping has sold the 12,700-dwt Safmarine Soyo (built 1985) for an undisclosed price. Stephan Kuehl...
2010-01-14 07:34:29
Bangladesh yards condemned
A US human rights group has released graphic photos and published eyewitness accounts of a fatal explosion at a Bangladeshi shipbreaking yard that killed seven cutters working on a main gas tank, foreign media reports. The Pittsburgh-based Nationa...
2010-01-14 07:28:58
Hanjin deploys new order overseas
South Korea’s fifth largest shipbuilder Hanjin Heavy Industries & Construction (HHIC), which is cutting its workforce, has announced that it is to build two bulkers recently ordered by a Taiwanese shipowner at its Philippines unit HHIC-Phil. Thi...
2010-01-14 06:37:55
Demolition yards expand in China
Excessive tonnage in the global shipping market has revived ship recycling activities in China after the global downturn pushed the volume of vessels scrapped in the country to an all-time high last year, foreign media reports. The resurgence in ...
2010-01-13 08:00:26
STX axes 430 jobs in Finland
STX Europe has confirmed 430 job losses at its Turku shipyard in Finland as it struggles to find new orders. The Korean company had warned that 400 posts were under threat last year. It has also announced that nearly all workers surviving the...
2010-01-13 07:54:50
KIC joins hands with Hyundai in wind biz
South Korean industrial equipment supplier KIC is highly likely to become a collaborative company with Hyundai Heavy Industries for overseas wind farm construction projects in the future. Daewoo Securities analyst Sung Gi-jong said, “KIC will be...
2010-01-12 15:26:55
Hyundai cuts cost with workers’ revamp
Hyundai Heavy Industries, Korea’s largest shipbuilder, has cut cost thanks to the novelties of its ardent workers. Hyundai said that around 16,000 workers (equivalent to around 70% of its entire workforce) submitted as many as 145,000 ideas in ...
2010-01-12 14:53:01
Korean overtaken by Chinese rivals
Korean shipbuilders were outpaced by their Chinese rivals in the number of new orders received last year and order backlogs, London-based Clarkson Research Services said Tuesday. Korean shipbuilders won a combined 3.15 million compensated gross t...
2010-01-12 10:59:29
Hyundai-Vinashin banned from slag
The central Khanh Hoa Province-based Hyundai Vinashin Shipyard Co (HVS) has to stop using copper slag for ship repair until it treats tons of slag it has dumped nearby. The move has been made to minimize adverse environmental impacts, a top envir...
2010-01-12 07:33:41
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