Damen-IHC engaging in Uljanik auction?
It is said that two Dutch shipbuilders, Damen Shipyards Group and Royal IHC are interested in buying a distressed Croatian shipbuilding company, Uljanik Group. Foreign media and industry quoted Darko Horvat, Croatia's Minister of Economy, as s...
Norway Ambassador visited HHI
The Ambassador of Norway to Korea, Frode Solberg, visited Hyundai Heavy Industries (HHI) to enhance two countries’ cooperation in the shipbuilding and offshore industry. The Ambassador visited HHI Ulsan HQ on January 16 to meet executives in...
Yards and steel mills on thick plate negotiation
The interindustry negotiation between the shipbuilding industry and the steel manufacturing industry is facing another difficult negotiation. The market heard thick plate manufacturers including POSCO, Hyundai Steel and Dongkuk Steel are on th...
CSA appointed new leadership
The Clean Shipping Alliance (CSA) 2020 has contracted Maritime AMC (MAMCL), a UK-based association management company, to provide secretariat services, and appointed Ian Adams as its Executive Director. The membership body, whose members inclu...
Korea revises standard subcontract agreement
The Korea Fair Trade Commission (KFTC) announced on January 13 that it has revised standard subcontract agreements in shipbuilding and overseas construction projects. From now on, with this, contactor is specified as the safety authority...
DSME shuffles high ranking staffs
Daewoo Shipbuilding & Marine Engineering (DSME) has changed 59 out of 169 managers on January 14. 43 staffs out of 59 were newly appointed, and 16 personnel took new positions, replacing 35% of the whole managers. The shake-up was designed...
ST Engineering marine business revealed Q4 2018 results
ST Engineering announced that its Marine arm has won S$560m worth of new contracts in the last quarter of 2018. The award of these contracts demonstrates the sector’s ability to deliver total marine and environmental engineering solutions at it...
Emerson launches OEM Program for DT
Emerson announced a new Engineered Solutions Provider program designed to help Original Equipment Manufacturers (OEMs) optimize automation and instrumentation to improvethe reliability and performance of the modular process systems they design an...
KFTC opens DSME investigation
Korea Fair Trade Commission (KFTC) opened an ex-officio investigation on Daewoo Shipbuilding & Marine Engineering (DSME), reported on January 11. This is around two weeks after the Commission fined KRW10.8bn to the company. The Commission ...
HHI Group executives had resolution meeting
The executive directors of Hyundai Heavy Industries (HHI) Group a resolution meeting on January 12 at Ganwol Mountain, Ulju County, Ulsan Metropolitan City, Korea, in order to make a fresh determination for achieving new year's goal and uninjury ...
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