Push to retrain workers in maritime industry
Singapore's shipping industry is making a big push to take advantage of the downturn by planning ambitious training programmes for workers. The aim is to encourage maritime firms, which until recently had been battling a staff shortage, to retain ...
EU needs 55,000 more workers
European shipyards are falling behind China and other Asian rivals, according to a specially commissioned report on jobs. It says that more than 150,000 people are employed directly and it will be necessary to recruit 11,000 technical workers in e...
Samsung wins the $7 billion Export Tower
Samsung Heavy Industries (SHI) won the USD 7 billion Export Tower on the 45th Trade Day, which was held at the Convention Hall at KOEX, Seoul, on December 2, 2008. SHI won the export tower thanks to its achievement of USD 7.1653 billion in exports of...
India sets up two mega shipyards
The Union Minister of Shipping Road Transport and Highways Shri T.R. Baalu informed the Rajya Sabha recently that National Maritime Development Programme envisages setting up of two international size shipyards, one on the East Coast and another on t...
Daewoo receives ISO 27001 certification
South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME)’s information security system has been acknowledged as thorough. Recently DSME received the ISO 27001 certification from DNV. It is the first time for a shipbuilder to receive the I...
Chinese to face tough times in 3 years
China Daily reported that after two or three years' blowout, the Chinese shipbuilding industry will face a real test in 2011 to 2012, and the situation will be worse during the financial crisis. Shipbuilders in China are still busy because most order...
LR says “Fine” for the present
UK classification society Lloyd’s Register (LR) has a strong newbuilding orderbook to the end of 2010, but believes cancellations could reach high levels. The warning came as the society said its total income rose to £594m ($875.6m) in the...
Shipping faces unhappy new year
As 2008 draws to a sorry close, the boom momentum that the shipping industry was enjoying at the start of the year is now a distant memory with demand falling in direct proportion to the economic slowdown. Charter rates continue to plummet with the s...
Daewoo inks for submarine
South Korea's Daewoo Shipbuilding and Marine Engineering will be commissioned to build the Navy's fourth Type-214 1,800-ton submarine equipped with high-tech missiles and sensor systems as part of programs to create an expanded submarine command by 2...
Newcomer to push on shipyard expansion
A new entrant on the country´s maritime scene, Asset Reconstruction Co (Arcil), a Mumbai-based financial company, is planning to set up a shipyard on the east coast of India. Indian players are still hoping to press ahead with their expansion plans,...
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