"Korean S&M shipyards sufficient to survive" [Shipbuilding]
At the seminar on the development strategy of the shipbuilding industry held at the Yeouido National Assembly Hall, opinions on the high potential of domestic small and medium-sized shipbuilding and equipment companies are suggested and the indus...
2017-04-19 07:13:37
KOSHIPA discusses training manpower [General]
The Korea Offshore & Shipbuilding Association (KOSHIPA) announced on April 18 that it holds a meeting to discuss 'the development of high skilled manpower in the offshore plant construction' in a joint symposium hosted by the Korean Associati...
2017-04-19 07:12:54
One Busan equipment giant enters into workout [Equipment]
It turned out that one large-sized shipbuilding equipment provider in Busan Metropolitan City of Korea has entered into workout procedure (the joint management of creditors).  According to industry and Busan's local financial world, the s...
2017-04-19 07:11:41
CMHI-CIMC to put yards merger [Offshore]
The businesses and organization of two offshore yards in Shenzhen, China, China Merchants Heavy Industry (CMHI) and China International Marine Containers (CIMC), will be integrated. According to industry sources, China Merchants Industry Holdi...
2017-04-19 07:10:52
DSME CEO, "We will repay with fast normalization" [Finance]
Amid Daewoo Shipbuilding & Marine Engineering has won a reprieve from major bondholder National Pension Service and other lenders, Jung Sung-Leep, CEO of Daewoo, said in a statement on the afternoon of April 18, "Thank you for your hard decis...
2017-04-19 07:10:03
"DSME financial support is commercial judgment" [Finance]
It has been confirmed that Japan and the European Union have formally protested the financial support to be provided for Daewoo Shipbuilding & Marine Engineering. They claim it violated the World Trade Organization (WTO) rules, which prohibit...
2017-04-19 07:09:20
China's order intakes dropped by 25% [Shipbuilding]
Despite the current rebound trend in global shipping market, recovery is hardly seen in China's shipbuilding industry. The country has continuingly seen poor order intakes and a decrease in backlog, with weak industrial output and main economic i...
2017-04-19 07:08:42
DSME to begin autonomous restructuring [Finance]
In the meetings of bondholders of Daewoo Shipbuilding & Marine Engineering, which were held five times from April 17 to 18, near unanimous approvals were obtained for the Korean shipbuilding tycoon's debt readjustment plan.  The plan ...
2017-04-19 07:06:27
HHI saw 23% up in new orders [Shipbuilding]
Hyundai Heavy Industries announced through a regulatory filing on April 17 that the Korean shipbuilding tycoon racked up new orders of $2.044bn for the first three months of 2017, representing a 23% upturn over the same period of the previous yea...
2017-04-19 07:05:52
Fincantieri inks MOA for 2+2 cruise ships [Shipbuilding]
Fincantieri announced on April 18 that the company and VikingOcean Cruises signed a memorandum of agreement for the construction of two additional cruise ships, with an option for another two. The new builds will be sister ships to the six alr...
2017-04-19 07:04:36
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