General
Mitsubishi embarks on technology innovation in shipyard
Mitsubishi Heavy Industries’ shipbuilding divisioin is reported to spearhead its standardization for the goal of three dimensional Computer Aided Design (CAD) system’s convergence. The reason behind the CAD system’s convergence is to make a...
2008-07-28 09:41:23
HHI’ labor union construct a lifetime rest home
Hyundai Heavy Industries’ labor union chairman, Oh Jong-se got much attention by making a decision to construct a large-scale general rest home for union members, retirees, partner company’s workers and local residents with almost 5 billion won, ...
2008-07-25 10:24:26
Daewoo Shipbuilding’s fiasco in a privatization plan
Since Daewoo Shipbuilding & Marine Engineering’s sales met with objection from Daewoo Shipbuilder’s labor union, Korean government’s state-run enterprise privatization plan off to rough start from the beginning. When Daewoo Shipbuilding is s...
2008-07-25 10:22:15
DSME Eye Highly Profitable Vessel
Daewoo Shipbuilding & Marine Engineering posted 2625.7 billion won in profits in the second quarter of 2008, up 52 percent from a year earlier, and up 152 percent increase to 189.6 billion won in operating profit during the same period. Its earni...
2008-07-24 11:52:24
Korea Small & Medium Size Shipbuilders advance despite decre...
Korea’s small and medium size shipbuilders appear to make advancement in the ranking of backlog of orders despite the ongoing decrease in ship-building orders all over the world. According to Clarksons, a leading provider of integrated shipping...
2008-07-24 11:48:01
HHI, no dispute for the 14th consecutive year
Labor and management of Hyundai Heavy Industries(HHI) have provisionally reached an agreement on wage and other clauses, which means they have had “no dispute” for 14 years between them. HHI on July 21 came to an agreement on increasing wage by ...
2008-07-23 23:08:41
WIG, Making a first appearance as of Sept in Shinan
A Wing-In-Ground Effect Ship (WIG Craft) which is commercialized for the first time in the world, makes a first appearance as of September in Shinan South Jeolla Province. The plant for constructing next-generation high speed WIG Craft is to be p...
2008-07-23 11:00:19
STX Shipbuilding, Getting approval to buy remaining stake in...
STX Shipbuilding Co. said in a regulatory filing with Oslo Stock Exchange that STX Shipbuilding gets an approval to acquire a 59.6% stake in STX’s affiliate, Aker Yards ASA of Norway through a tender offer as of July 21st. The tender offer is g...
2008-07-23 10:59:51
Big Three, Surpassing offshore plants goal
Big Three, Surpassing offshore plants goal With the increasing demand for offshore plants stemming from high oil prices, big three shipbuilders are expected to surpass the goal of orders this year. Since the orders are mostly oil drilling ship...
2008-07-23 10:59:29
Sea NG Corp. Builds a Production Base in Gunsan
Canada’s Sea NG Corporation which is the leading corporation in marine compressed natural gas (CNG) transportation, builds Coselle storage system, which is registered as an international patent system, in Gunsan Free Trade Zone(GFTZ) of North Jeoll...
2008-07-23 10:58:50
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