General
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
Big Three, Advance Deposit Operation Worry Weighs On
Korean large shipbuilders are indulging in happy thoughts. In the wake of the increase in ship-building orders, the advance deposit continues to be snowballing and with only interest rates, incidental revenues amount to hundreds of billions of won...
2008-07-22 11:16:13
K Line pushing for LNG-FPSO
Kawasaki Kisen Kaisha (K Line) on July 17 briefed the media on its investment in Flex LNG which pushes for offshore LNG production projects, using LNG Producer concept. Hiromichi Aoki, executive officer in charge of LNG carrier business, explained...
2008-07-22 11:15:15
Shipbuilding Industry, tightening the screening policy for l...
Banks apply the stricter credit standards on small and medium size shipbuilding companies, which are to be taken as a selective approach to support shipbuilding industry, in view of slashed interest rates stemming from soaring raw material prices and...
2008-07-22 11:14:30
Shipbuilding Industry plans to expand recruitment
Shipbuilding industry plans to expand recruitment substantially in the second half of 2008 compared with last year, driven by industry’s boom. STX is reported to recruit a total of around 1,250 employees, including 750 entry-level university gra...
2008-07-21 10:04:07
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