Namura inks 34K bulker pair [Shipbuilding]
Japan's Namura Shipbuilding and M/Maritime, an affiliate of Greek shipowner Mytilineos family, have signed a contract for two 34,000 dwt handysize bulker newbuildings.  According to TradeWinds, M/Maritime had a signing ceremony on March 2...
2017-04-06 07:14:44
Gyeongnam-TNO promotes LNG bunkering [Shipping]
South Gyeongsang province of Korea has started to nurture the LNG bunkering industry, which is recognized as a new growth engine of the shipbuilding industry. The province announced on April 4 that it discussed a mutual cooperation plan with t...
2017-04-06 07:12:43
Korea small and medium demand gov't policy [General]
Labor unions of STX Offshore & Shipbuilding, STX Engine, and Metal Workers Sungdong Shipbuilding & Marine Engineering have demanded 'government shipbuilding policy change to revive middle sized shipyard' in Seoul. According to South ...
2017-04-06 07:11:37
HHI affiliates' credit ratings lowered [Finance]
The Korea Investors Service (KIS) announced on April 4 that it downgraded short and long-term credit ratings for the three affiliates Hyundai Heavy Industries Group (Hyundai Heavy Industries, Hyundai Samho Heavy Industries and Hyundai Mipo Dockya...
2017-04-06 07:09:15
'P-Plan' ready for DSME debt re-adjustment [Finance]
Yoo Il-Ho, Deputy Prime Minister, Minister of Strategy and Finance of Korea, presided over 'the 6th ministerial meeting on economy' on April 5 at Government Complex-Seoul, Seoul of Korea, noting, "We will make all efforts for the autonomous debt ...
2017-04-06 07:07:44
STX Engine wins engines for national project [Equipment]
STX Engine has recently won 4-Stroke main engines and the relevant equipment as a package for fishery inspection boats ordered by its compatriot East/West Sea Fisheries Supervision Office. The contract value amounts to KRW 37bn (approximately ...
2017-04-06 07:06:40
Busan market pioneers visit Japanese shipyards [Equipment]
The marine equipment market pioneer group, made up of shipbuilding equipment companies located in Busan, has begun exploring the Japanese market.  The local companies that are struggling with their own overseas marketing are likely to r...
2017-04-06 07:05:55
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