Maersk extends delivery of nine OSVs [Offshore]
Maersk Supply Service turns out to have agreed with two shipbuilders to put off deliveries of nine offshore support vessels (OSVs). According to a foreign press, the Danish company reportedly delayed deliveries of five anchor handling vessels ...
2017-06-16 07:15:47
Samkang-UAMCO buys Goseong O&S [Finance]
A consortium comprising Korean distressed asset investor UAMCO and shipbuilding newcomer Samkang M&T signed the M & A deal after being named the preferred bidder to take over STX O&S subsidiary Goseong O&S. According to industr...
2017-06-16 07:15:10
HHIC wins patrol vessel quartet [Shipbuilding]
Hanjin Heavy Industries & Construction announced on June 14 that the Korean shipbuilder has been chosen as the winning bidder for manufacturing 'Gumdoksuri-B Batch-Ⅰ follow-on patrol vessels (No. 5-8)'. The orderer is the Defense Acquisitio...
2017-06-16 07:14:17
Ship price uptrend still unclear [Shipbuilding]
It is said that the trend of new ship prices, which has recently been set for a rebound, is still unclear. The prices of bulkers and very large crude carriers (VLCCs) have hit bottom this year and can barely see uptrend.  Some shipyards a...
2017-06-16 07:12:58
HMD begins wage negotiations [General]
The labor union and management of Hyundai Mipo Dockyard began negotiations on wages in 2017 on June 14. At the first meeting held in Ulsan, 20 people participated including President Han Young-Seok and union chairperson Kang Won-Sik. Han sa...
2017-06-16 07:11:19
Private equity funds eyes STX O&S [Finance]
Two Korean private equity funds (PEF) have taken steps to acquire STX Offshore & Shipbuilding, which is under court management. According to the investment industry, two consortiums composed of the PEF and so on, submitted letters of inten...
2017-06-16 07:09:20
Korea in talks with HHI about Gunsan yard [Shipbuilding]
Korean President Moon Jae-In had a press conference on June 14 with 17 governors from the nation and conveyed that the Korean government is trying to support the normalization of Hyundai Heavy Industries' Gunsan shipyard. North Jeolla Provinci...
2017-06-16 07:05:55
STX receives RG for tanker contracts [Shipbuilding]
STX Offshore & Shipbuilding announced on June 15 that the Korean shipbuilder has recently received refund guarantee (RG) from the Korea Development Bank (KDB) for the construction of 3+1 11K tankers it won from WOOLIM SHIPPING and S...
2017-06-16 07:05:03
Korea Shipyard Safety Standardization Conference held [General]
Korea Offshore & Shipbuilding Association (KOSHIPA) announced on June 15 that it will hold Korea shipyard safety standardization conference in Pukyong National University (Daeyeon Campus) on June 20 with sponsorship of the Ministry of Employm...
2017-06-16 07:03:56
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