Samyung ENC recorded the highest sales
South Korean company Samyung ENC’s 2008 sales are expected to set a new record. “It is anticipated that Samyung ENC’s last year sales would amount to KRW 33.6bn (about USD 24m). It is the largest amount exceeding the KRW 32.7bn in 2005.” Jaok...
No rush for House probe of Hanjin deaths
The chair of the committee on labor and employment at Philippine House of Representatives said on Wednesday there is no rush to investigate the reported deaths of workers at the Subic, Zambales shipyard of Hanjin Heavy Industries. "We will schedul...
SHI and DSME expecting Brazil’s investment expansion
A securities company forecasted that South Korea’s Samsung Heavy Industries (SHI) and Daewoo Shipbuilding & Marine Engineering (DSME) are expected to be beneficiaries of the investment expansion of Brazil’s state-owned energy company. “Brazilia...
DSME proclaims emergency management
Daewoo Shipbuilding & Marine Engineering President Nam Sang-tae has requested its staffs and employees to get out of the aftermath of DSME sale rupture and participate in emergency management. On January 23th, Mr Nam said in a letter to staffs and...
Sri Lankan Government seeks investors for new yard
The Sri Lankan government has invited foreign investors to consider investing in a shipyard project to be set up at a new port under construction in Hambantota, on the south of the island. The Sri Lanka Ports Authority (SLPA) is due to issue a reques...
Most workers at Gdynia resigned
About 95% of workers at Poland’s Gdynia Shipyard have taken redundancy packages on offer ahead of its sell-off. Polish media reported that 5,000 staff had signed up by the first-phase deadline of Monday, bagging themselves a bigger pay-off than ...
STX Europe's listing abolished
STX Europe announced last week that a local subsidiary of STX Group, which owns 93.8% stock of STX Europe buys the rest of 6.2% stocks according to the Norwegian municipal law. It is reported that the listing of STX Europe is going to be abolished as...
Hanwha to go after Daewoo deposit
Hanwha Group said recently it plans to file a lawsuit to reclaim a deposit seized by a state-run bank after the group’s aborted deal to buy a shipbuilder. The Korea Development Bank on Thursday nixed the deal to sell Daewoo Shipbuilding and Mar...
Post Cabotage: Continental Shipyard dry-docks 148 vessels
Five years after the Federal Government passed the Inland and Coastal Shipping Act otherwise known as Cabotage Act, ship repair yards are beginning to enjoy the benefit of the law as the Continental Shipyard in Nigeria has recorded a total of 148 ves...
Strike at Turku Shipyard
All employees at the Turku Shipyard walked off the job at noon on Thursday to protest what they saw as a lack of flexibility by their employer STX Europe. The hottest dispute between labour and management was the elimination of flexible working ho...
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