Sungdong & government make win-win agreement
The labor union and management of Sungdong Shipbuilding & Marine Engineering and the local government have dramatically made a win-win agreement for employment stabilization and management recovery of the shipbuilder in rehabilitation process...
SMM steers towards digitalisation
Across the maritime industry, the digitalisation process is in full swing. Most companies involved in shipping, shipbuilding and related disciplines are busily investigating ways of using smart solutions to improve efficiency and sustainability, ...
DSME sees stable performance and order intakes
Among Korea's 'Big3' shipbuilders, Daewoo Shipbuilding & Marine Engineering (DSME) has shown the most stable performance and significant achievement of yearly order target, an industry expert in the country says. Lee Sang-Woo,...
ABG transforms into steel factory
A report suggested that ABG Shipyard, an Indian shipyard went bankrupted last year, may turn into steel recycle factory. Recently a foreign media reported that London-based steel maker Liberty House is poised to purchase the yard, offering aro...
Is Zhejiang Shipbuilding turning into residential area?
Zhejiang Shipbuilding, whose restructuring attracted Chinese real estate conglomerate Evergrand Group, might reshape itself into luxury flats. The shipyard had built mainly OSV with bulkers and small tankers. It filed bankruptcy protection in ...
Broken ABG would turn into steel recycler?
It is said that an Indian private yard ABG Shipyard, which filed bankruptcy last year might turn into a steel plant. A foreign source reported that a UK steelmaker Liberty House is planning to purchase the yard. It is said that Liberty House i...
Timetec-UC ties for young talents
Ulsan College received KRW700m worth 3D CAD software products from Timetecon August 28. Two parties also signed a cooperation agreement to cultivate human resources required by the offshore and shipbuilding industry. Timetec was founded in ...
Merger between Bergen and Endúr Fabricom
Bergen Group ASA have entered into an agreement with the oil service company Endúr Fabricom for a merger between the two companies. The merged company will constitute a strong industrial group based in western Norway, with close to 400 employ...
Danfoss hosts Energy Efficiency Summit
Danfoss, a global energy solution provider from Denmark, is hosting Danfoss Energy Efficiency Summit 2018 on September 6, inviting around 200 industry experts in cold chain and commercial building business. This event is part of the Danfoss ...
KONGSBERG reveals 2Q results
In the second quarter KONGSBERG has revenues of NOK 3,525 million and an EBITDA of NOK 241 million. The order intake in the quarter is at NOK 5,299 million, entailing an order backlog of NOK 16,419 million. The group signed important contracts f...
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