"Sejin benefitted from HHI Group's order rising" [Equipment]
Sejin Heavy Industries is expected to see growth in its business results on the strength of a constant increase in Hyundai Heavy Industries Group's order intakes.  Park Moo-Hyun, an analyst at Hana Financial Investment, said, "Korean ship...
2017-06-09 07:12:48
Korea Line to order 81K BC duo [Shipbuilding]
Korea Line Corporation announced through a regulatory filing on June 5 that it has decided to make an investment in two new 81,200 dwt Kamsarmax bulkers.  Amount invested in the project reaches a total of KRW 55.59664bn ($49.60m, $24.80m ...
2017-06-09 07:11:07
Korea strongly supports shipbuilding industry [Shipbuilding]
The Ministry of Trade, Industry and Energy (MOTIE) announced on June 7 that it held a meeting with the officials of the Ministry of Strategy and Finance, Financial Services Commission to overcome the shipbuilding crisis. Five cities and provin...
2017-06-09 07:10:21
Brodospli's new order around the corner [Shipbuilding]
It turned out that Brodosplit Shipyard is on the verge of a new order for cruise ships. According to industrial source and foreign press, the Croatian shipbuilder is reportedly on the brink of signing a contract with an unnamed German owner fo...
2017-06-09 07:09:41
"DSME still grabs offshore plant business" [Offshore]
While it was reported that there is concern about the reappearance of race to win low price orders because Daewoo Shipbuilding & Marine Engineering is not keeping its promise to abandon offshore plant business, the Korean debt-ridden shipbuil...
2017-06-09 07:08:42
"Challenging environment for offshore rig market" [Offshore]
While the positive outlook for the offshore rig market is on its way in recent days, the ratio of offshore rig facilities that are actually operating in various energy development projects is extremely low. As a result, it is forecasted that a ch...
2017-06-09 07:07:49
DSME develops new LNG fuel tank [Photo News]
Daewoo Shipbuilding & Marine Engineering announced on June 8 that the Korean shipbuilding tycoon has successfully completed a closed mock-up test of its LNG fuel tank to which high-manganese steel is applied and is ready for final set-up.&nbs...
2017-06-09 07:06:59
DSME develops new LNG fuel tank [Equipment]
Daewoo Shipbuilding & Marine Engineering announced on June 8 that the Korean shipbuilding tycoon has successfully completed a closed mock-up test of its LNG fuel tank to which high-manganese steel is applied and is ready for final set-up.&nbs...
2017-06-09 07:06:03
Hyundai Samho attracts investors via pre-IPO [Finance]
Hyundai Samho Heavy Industries has attracted KRW 400bn ($355m) in investment from IMM PE, a local private equity firm, via pre-initial public offering, the shipbuilder said on June 8. The investment is higher than the originally planned KRW 30...
2017-06-09 07:04:47
New liquidity to be injected into DSME [Finance]
The Korea Development Bank (KDB) and the Export-Import Bank of Korea (Korea Eximbank) have decided to give a new liquidity support to Daewoo Shipbuilding & Marine Engineering that is suffering from the shortage of cash. According to credit...
2017-06-09 07:03:52
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