General
Hyundai, No. 1 in labor-capital culture
South Korea’s Hyundai Heavy Industries, the world’s No. 1 shipbuilder, received the President’s Prize for ‘Exemplary Labor-Management Culture 2009’ on October 19th. The Ministry of Labor and the Korea Labor Foundation have selected Hyund...
2009-10-20 06:45:43
ABG & Bharati battle for supremacy & survival
The two prominent reasons given for takeover of India’s Great Offshore Limited by compatriots Bharati Shipyard and ABG Shipyard are that it’s a forward integration of their existing business which will help them to fetch enough newbuilding orders...
2009-10-19 06:45:53
Diversification spree
Amid deep slump in shipbuilding market, South Korean major shipbuilders are now finding new cash cows in onshore plant sectors such as thermal power generation as well as solar and wind power businesses. They seem to be shifting their focus onto p...
2009-10-19 06:18:48
EC ends IACS case
European Union regulators have ended their antitrust case against the International Association of Classification Societies (IACS) Wednesday after it agreed to let rivals access its activities and technical data, foreign media reports. IACS had propo...
2009-10-16 08:06:12
China builds flattop
Jiangnan Changxing Heavy Industry under the wing of China State Shipbuilding Corp (CSSC) seems likely to build China's first aircraft carrier, according to local media reports. The flattop seems to be constructed at Jiangnan Changxing HI's No. 3 d...
2009-10-16 07:49:43
Beleaguered yards turn to wind power
Korean shipbuilding giants are diving headfirst into the wind power industry in the face of a sharp drop in new shipbuilding orders and the formidable challenge from Chinese rivals. Leading the pack are Hyundai Heavy Industries and Samsung Heavy Indu...
2009-10-16 07:40:53
Daewoo ‘Vision 2012’: KRW24trn sales
South Korea’s Daewoo Shipbuilding & Marine Engineering is putting spurs to finding new engines of growth in an effort to weather the crisis. The world’s second largest shipbuilder has acquired US wind turbine manufacturer DeWind Inc in August ...
2009-10-16 07:00:16
Shipbreaker deaths spiral in Bangladesh
Three workers died of gas inhalation at a shipbreaking yard at Sitakunda in Chittagong yesterday. They inhaled poisonous gas when they were cutting a vessel at Pakija Enterprise yard at Baro Awulia Fultala in Bangladesh around 10:30am, sources sa...
2009-10-15 07:39:20
Unemployment looms over Finnish yards
Many of the 5,000 employees and subcontractors at the STX shipyard in the southwestern city of Turku are worried about what will happen to their jobs after the Oasis and her sister ship are delivered amidst a sharp downturn in the industry. "The m...
2009-10-15 07:32:29
Daewoo builds ‘Low-Carbon’ plants
South Korea’s Daewoo Shipbuilding & Marine Engineering said on October 14th that it has signed a contract with Norway’s Sargas AS to jointly develop thermal power generation facility which cuts CO2 emissions. Sargas has technology to collect a...
2009-10-14 13:02:23
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