General
Rumors that Wonyoung Shipbuilding went into bankruptcy, “G...
Park Bong-Won, president of Wonyoung Shipbuilding, revealed that he has suffered severely from a groundless rumor that the company went into liquidation. He said the rumor has brought losses to his business as well as mental pains to his mind. He ...
2008-08-14 09:35:57
DACOS embarks on a shipyard construction
According to Chinese press media sources, Chinese DACOS, which is the joint venture in collaboration between COSCO Group and NACKS, appears to embark on a shipyard construction operation. In the first phase of construction, an approximate 10 bill...
2008-08-13 09:44:15
Chairman of ExxonMobil paid a surprise visit to SHI
“Thank you for having built the LNG carriers ordered by our company so well.” Rex W. Tillerson, Chairman and Chief Executive Officer of Exxon Mobil Corporation (US) on August 6 visited Samsung Heavy Industries’ (SHI, Korea) Geoje shipyard. E...
2008-08-12 09:27:23
CSE (Taiwan) plans to increase its fleet
China Steel Express (CSE), the largest shipping company in Taiwan, is reportedly planning to enlarge its fleet (mainly Capesize bulkers). CSE is a shipping subsidiary of China Steel Corporation (CSC), the biggest iron and steel company. According to ...
2008-08-12 09:18:35
KOSHIPA asserts fears that shipbuilding industry is in decli...
“Look at those backlogs that Korean shipyards have bagged. Worries that Korean shipbuilding industry is in decline are groundless,” Han, Jang Sub, full-time vice president of Korean Shipbuilding Association (KOSHIPA) denied the worries, stressing...
2008-08-11 09:09:25
Hanjin reaches wage collective agreement without strike
Labor and management of shipbuilding division of Hanjin Heavy Industries & Construction (HHIC) on August 7 revealed that they had reached wage collective agreement for this year. The labor and management agreed to increase basic pay by KRW 85,000,...
2008-08-11 09:07:55
STX Group’s units settled on a peace agreement for 8 conse...
STX Group obtained an excellent result by all STX Group units’ peaceful agreement with a labor union in a wage collective bargaining talks for 8 consecutive months since the foundation of 2001. STX Group announced on 31st that STX Shipbuilding s...
2008-08-01 13:48:35
SHI’s LNG-FPSO
Rumors that Samsung Heavy Industries’ floating production storage and offloading (FPSO)’s production faced a deadlock, which has been circulating in the market, turned out to be not true. An official of Samsung Heavy Industries said as of 30th...
2008-08-01 13:47:47
Shipbuilding industry settled on most of clauses during a wa...
Shipbuilding industry which has gained a record high profit comes to an agreement with labor union without dispute through wage talks and collective bargaining. Shipbuilding industry enters into a summer vacation period with a light mind by coming...
2008-07-30 09:53:44
SPP Shipbuilding establish AVEVA System
AVEVA which is the main supplier of IT system such as plant and marine business engineering announced that millions of dollars worth of deal was struck by agreeing to provide AVEVA marine design solution to three shipyards of SPP Shipbuilding Group. ...
2008-07-30 09:52:19
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