US intends to protect shipbuilding industry [Shipbuilding]
US Commerce Secretary Wilbur Ross announced on April 25 that the Trump administration is considering taking additional trade actions to protect the US' aluminum, semiconductor and shipbuilding industries, as well as the revision of Korea-US Free ...
2017-04-27 07:10:23
AQUASTAR delivers BWMS successfully [Equipment]
AQUASTAR (the former AQUA Eng) has recently announced that the Busan-based ballast water management system (BWMS) provider signed a contract with its compatriot passenger ship operator PANSTAR for supplying BWMS last February and completed the in...
2017-04-27 07:09:47
DSME credit rating drops to CC level [General]
Daewoo Shipbuilding & Marine Engineering's credit rating has dropped to the CC level. Korea Investors Service announced that it changed credit rating of Daewoo's non-guaranteed bond to CC from B- through an extraordinary evaluation on Apri...
2017-04-27 07:07:21
Korea gives equipment providers new business information [Equipment]
Busan Metropolitan City of Korea and the Korea Marine Equipment Research Institute (KOMERI) held a briefing session on 'entry by shipbuilding equipment manufacturers into offshore wind power generation sector' on April 26 at a seminar room of KOM...
2017-04-27 07:06:17
Ulsan promotes smart equipment plant project [Equipment]
It emerged that a plan suggested by Ulsan Metropolitan City of Korea for 'the innovation of shipyard operation and the expansion of smart plants' has selected on April 13 by the Ministry of Trade, Industry and Energy (MOTIE).   The city a...
2017-04-27 07:05:36
HHI Group wins largest orders in three years [Shipbuilding]
Even in the current tough times in shipbuilding industry, the three shipbuilders of Hyundai Heavy Industries Group has been given the green light to showing rebound trend. According to the Korean group, its three shipbuilding affiliates such a...
2017-04-27 07:04:24
Dae Sun inks new deal for one tanker [Shipbuilding]
Dae Sun Shipbuilding & Engineering announced on April 25 that the Korean mid-sized shipbuilder signed a contract with its compatriot oil company GS Caltex for building one 6,500 dwt eco-friendly oil/chemical product tanker.  The vesse...
2017-04-27 07:03:47
DSME launches new management committee [General]
The management committee for normalization of Daewoo Shipbuilding & Marine Engineering, which supervises the restructuring process, is set to be launched next month. An official at the Korea Development Bank said on April 26, "We have form...
2017-04-27 07:03:07
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