Korean yards saw 13% downturn in workers
It turned out that Korean mining and manufacturing industries showed a 1.0% y-o-y increase in the number of businesses (69,790), as well as a steady tone in the number of workers (2.968m) last 2017. As for the number of Korean mining and...
Jinhai stands at the crossroads
As its mother company Hainan Airlines Group (HNA Group) carries out a large-scale consolidation in order to reduce debt, Jinhai Intelligent Manufacturing Company, which has recently been renamed from Jinhai Heavy Industry, seems to have an uncert...
"Korea delivered fewer units in 2018"
The global shipyards have delivered a total of 1,078 new ships of 70.4m dwt (26m cgt) by October this year. The estimated total delivery of 2018, 81m dwt is a 17% decrease from 2017 in terms of dwt. Clarkson Research data shows that during the...
Fincantieri intends to buy Uljanik
It turned out that Fincantieri has got in on the race to take over Uljanik Group of Croatia in earnest. According to industrial source and foreign media outlet, Darko Horvat, Minister of Economy, Entrepreneurship and Crafts in Croatia, has rec...
ADNOC seeks fleet expansion
Abu Dhabi National Oil Company's (ADNOC's) shipping arm ADNOC Logistics has recently revealed its fleet expansion plan. Choi Gwang-Sik, an analyst at Hi Investment & Securities, forecasted that this year's crude productions in the United A...
Fjords secures one more electric ferry
The Fjords, a Norwegian ferry operator, is to add one more all-electric ferry on its fleet. According to industrial source and foreign media outlet, Norway's shipbuilder Brødrene Aa is now building 'Legacy of the Fjords', a ferry that is oper...
2019 thick plate price negotiation to be initiated
The shipbuilding industry and the steel industry are to initiate 2019 thick plate price negotiation from next month. The market heard that steel manufacturers including POSCO, Hyundai Steel, and Dongkuk Steel Mill are going to arrange a price ...
COSCO launched an LNG-powered offshore boat
A Belgian offshore contractor DEME recently announced the launching of next-generation eco-friendly offshore construction vessel. The launching ceremony of the offshore installation vessel Orion was held at COSCO (Qidong) Offshore, an affiliat...
Mac-Net & Busan have strategy forum
Mac-Net (Maritime Cluster Networking in Korea) and Busan Metropolitan City have a forum on 'strategies for developing eco-friendly ships and enhancing shipbuilding and shipping businesses' at Haeundae Grand Hotel, Busan, Korea, on November 28.&nb...
Sunny days expected for Korean shipbuilding in 2019
A report predicted the Korean shipbuilding industry to enjoy 5-10% yoy growth in export, production, domestic demand, and import. In its report published on November 26, The Korea Institute for Industrial Economics & Trade (KIET) predicted...
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