HHI Group launches holding company
Hyundai Heavy Industries (HHI) Group officially named its holding arm. Hyundai Robotics held the first general meeting of shareholders on March 30. At the meeting, the company officially changed its name to ‘Hyundai Heavy Industries Holdings...
CSSC-CSIC to merge to bear mega yard
Two pillars of Chinese shipbuilding industry, CSSC, and CSIC, are about to merge. The merger is expected to bear a new, colossal shipbuilding group even larger than the current largest shipbuilder, Hyundai Heavy Industries. Bloomberg reported ...
"DSME begins to see some light"
Chung Sung-Leep, CEO of Daewoo Shipbuilding & Marine Engineering (DSME) stressed on March 30 in the 18th general meeting of shareholders held at the company's Headquarters in Geoje City, South Gyeongsang Province, Korea, "We will set up an in...
DAMEN CSD500 delivered for Basra terminal
The Dutch built dredger has arrived on site at Port of Umm Qasr, Iraq Recently, a customised Damen Cutter Suction Dredger, type CSD500, has been named by her owner Basra Gateway terminal at the Damen Dredging yard in the Netherlands. Immediate...
Navig8 adds its Chinese vessels
Navig8 Group, which was learned to have ordered multiple MR tankers at a Chinese yard last year, again selected the same yard for additional units. According to TradeWinds, the owner brought up the tally at New Times Shipbuilding to a total of...
Sweden starts smart electric ship project
Swedish players have started the development of smart electric ship. With the goal of raising Sweden's eco-friendly technologies including climate-smart ship operation, 'Electromobility for Shipping' project was launched in Stockholm on March ...
Sinokor-Heung A merge boxship business
Sinokor Merchant Marine and Heung A Shipping are merging their containership operation, while Hyundai Merchant Marine establishing a close alliance with the combined force. According to the Ministry of Oceans and Fisheries (MOF) and The Korea ...
"Still foggy roads ahead"
Han Yeong-Seok, CEO/President/Rep Director of Hyundai Mipo Dockyard (HMD) predicted still bumpy roads ahead for 2018. At the 44th general meeting of shareholders on March 28, he commented that “business environment will get more uncertain in...
HHI held general meeting
Hyundai Heavy Industries (HHI) held the 44th general meeting of shareholders on March 29 at Ulsan. In the meeting, an internal director and an outside director started new terms, while a new outside director is being appointed. The meeting ...
DSME nets another LNG units from Greeks
Daewoo Shipbuilding & Marine Engineering (DSME) is scoring yet another LNG order. The company officially announced on March 29 that it took orders for two LNG carriers worth a total of around $370m from Alpha Gas of Greece. It is said...
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