HHI still fails to reach wage agreement [General]
The labor union and management of Hyundai Heavy Industries are about to carry out wage and collective bargaining talks for 2016 and 2017 at the same time.  May 10 marked the 365-day period of the failure of them to reach an agreement on w...
2017-05-12 07:09:05
MHI won nine NBs in FY2016 [Shipbuilding]
Mitsubishi Heavy Industries released its FY2016 financial results (April 2016-March 2017). According to the results, the Japanese company recorded JPY 4.2756trn in new orders received in FY2016, down 4.7% year-on-year. Net sales was JPY 3.9...
2017-05-12 07:08:04
Kouan inks BC quartet [Shipbuilding]
Chinese private shipbuilder Taizhou Kouan Shipbuilding turns out to have recently won four 38,800 dwt bulkers from German shipowner H Vogemann. According to broker industry and foreign press, the first vessel is slated for delivery in October,...
2017-05-12 07:07:09
"BC orders expected to rise rapidly" [Shipbuilding]
It is expected that the orders for bulkers will increase rapidly soon while the global bulker orderbook is hitting historically low level. Park Moo-Hyun, a researcher at Hana Financial Investment, said, "Considering the current newbuilding pri...
2017-05-12 07:06:27
RG issued for DSME's latest deal [Shipbuilding]
The Korea Development Bank (KDB) has finally decided to issue a refund guarantee (RG) for the construction of very large crude carriers (VLCCs) which were won early last month by Daewoo Shipbuilding & Marine Engineering.  According to...
2017-05-12 07:05:05
Keppel converts LNGC to FLNG [Offshore]
Singapore's Keppel Shipyard will convert an LNG carrier of Golar LNG into an FLNG unit. According to industry sources, the two companies have agreed on conversion of a laid up LNG carrier, the Gandria (1977-built), into an FLNG unit. The un...
2017-05-12 07:04:10
Sembcorp to review its businesses [General]
Sembcorp Group's President & CEO Neil McGregor plans to undertake a complete strategic review of its businesses, including its core offshore marine operation. He said, "As Sembcorp's new president, we, board of directors and executives, ar...
2017-05-12 07:03:29
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