FLEX LNG preparing for listing at NYSE
FLEX LNG Ltd. (“FLEX LNG” or the “Company”) announced that it has publicly filed a registration statement on Form 20-F with the U.S. Securities and Exchange Commission (the “SEC”) relating to the proposed listing of its ordinary share...
Kim chosen as 'Engineer of the Korea Award'
Kim Jong-joon, chief researcher at Hyundai Heavy Industries (HHI), has won the 'Engineer of the Korea Award' for his work in developing and commercializing automatic system for manufacturing the very large aluminium tank of cryogenic LNG carrier ...
HHI labor union to call strike
The labor union of Hyundai Heavy Industries (HHI) announced on May 8 that it will call a two-hour strike on May 16 against the management's decision on a physical division. The union will also hold a rally to deal with the physical divis...
Korean shipbuilding export expanded in April
Data show that in April, Korea exported $48.86bn (2.0%↓) of goods and services, importing $44.74bn(2.4%↑). Korea’s trade profit accounts to $4.12bn, making April an 87th consecutive month in profit. The Ministry of Trade, Industry and En...
KHI's Ship & Offshore makes profit
Kawasaki Heavy Industries (KHI) ran a surplus in its shipbuilding and offshore business during 2018 fiscal year (FY, ending March 31, 2019). The Ship & Offshore Structure division of KHI logged operation profit of JPY 1bn for FY2018, turni...
Two safety incidents occurred in SHI
There have been two safety accidents in Samsung Heavy Industries (SHI) for two days. On April 4, according to Geoje Police Station, etc., one laborer in his fifties was killed when construction materials from a crane fell on him at SHI Geoje s...
Sembcorp Marine posts Q1 2019 results
Sembcorp Marine reported net profit of $2 million for the three months ended March 31, 2019 (1Q 2019), compared with net profit of $5 million for 1Q 2018. In 1Q 2019, Group revenue totalled $811 million, compared with $1.18 billion booked in 1...
HHI preparing procedures for DSME acquisition
Hyundai Heavy Industries (HHI) Holdings announced the Group is preparing the corporate combination application for EU in regard of its Daewoo Shipbuilding & Marine Engineering (DSME) acquisition. In a recent conference call on May 2, the h...
HHI succeeds in making profit in Q1
Hyundai Heavy Industries turned into the black in the first quarter operating results as ship prices rose and foreign exchange rates had favorable effects. The Korean shipbuilding giant posted first quarter operating profit of KRW 28.1bn (abou...
ABS unveils guide for smart ships
ABS published the Guide for Smart Functions for Marine Vessels and Offshore Units (Smart Guide) to help marine and offshore owners and operators capitalize on their operational data. The Smart Guide introduces a unique class approach leading t...
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