General
Too early to speak about shipyard bids
The Finance Minister yesterday said it is too early to say whether or not the bids for the shipyards meet the government's expectations. "We have not yet drawn up a preliminary shortlist of bidders and have not even started negotiating with the bi...
2009-02-25 09:54:28
SOCAR expects STX’s steps on Caspian Shipbuilding
State Oil Company of Azerbaijan Republic (SOCAR) did not re-consider its approach towards realization of the Memorandum on Ship-Building Factory signed in Baku on 19 May 2008 between SOCAR, Korea’s STX Shipbuilding and Azerbaijan Investment Company...
2009-02-25 08:05:52
Newport News shipyard may receive $50m for training
Virginia, US state, may give Northrop Grumman Newport News shipyard up to $50 million in training grants over 10 years under a bill that cleared the General Assembly on Monday. The Virginia Senate unanimously passed HB 2056, which would create an ...
2009-02-24 15:57:46
Shipbreaking deals stay private amid boom
The shipbreaking industry continues to maintain a frenetic pace, with offers for demolition tonnage remaining steady and even firming, in spite of a large quantum of tonnage, particularly in the bulk sector, becoming available. Transparency has taken...
2009-02-24 13:24:02
Kawasaki changes CEO
The changes come as the shipbuilder and automobile manufacturer has a policy of rotating terms of leadership every four years. A changing of the guard has been announced at Japanese shipbuilder Kawasaki Heavy Industries as Masamoto Tazaki steps down ...
2009-02-24 12:15:25
"Go! Go! EU to ride out"
It was at this event in February 2005 that I first addressed you in my capacity as Commissioner for Enterprise and Industry; and I am very pleased to have this opportunity to speak with you again here tonight. During my tenure, I have made no secret ...
2009-02-24 09:05:59
"Maritime Vietnam 2009" to open
The international exhibition Maritime Viet Nam 2009 is scheduled to open on Wednesday in HCM City to showcase products and services in shipbuilding, maritime engineering, offshore engineering, ports and logistics. With strong representation in seven ...
2009-02-24 07:57:08
Nam to be re-elected DSME president
Nam Sang-tae looks certain to be reappointed president of Daewoo Shipbuilding & Marine Engineering (DSME). DSME board on February 20th announced that it plans to re-elect Mr. Nam president of the shipbuilding firm. His term of office expires in Ma...
2009-02-20 14:09:47
Wage freeze without nego: Hyundai union
“Even the world’s biggest carmaker Toyota took a hit. Though we (Hyundai Heavy Industries) are the No. 1 shipbuilding firm in the world, if we do not take measures to weather the crisis, we could fail at once.” On February 18th, Oh Jong-shoi...
2009-02-20 11:54:16
Shipbuilders' plight hits Won hard
Korean shipbuilders rank Nos. 1 to 3 in sales but they are also being buffeted by the global economic storm. Their plight has also hit Korea hard, an exports-driven country whose currency, the won, has lost a significant portion of its value agai...
2009-02-20 11:08:16
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