KOLAS expands KOMERI services [Equipment]
The Korea Marine Equipment Research Institute (KOMERI) has been granted a final approval from Korea Laboratory Accreditation Scheme (KOLAS) regarding the extension of '4.002 fire field' scope as an international authorized testing laboratory. ...
2017-07-31 07:26:14
Cochin Shipyard IPO to open on August 1 [Finance]
India's largest state-run shipbuilder Cochin Shipyard Ltd (CSL) will launch its initial public offer on August 1.  Cochin is planning to raise INR 15bn (around $230m) through the IPO. The company will issue 3,39,84,000 equity shares. It c...
2017-07-31 07:25:36
Samkang won KRW11bn deal from DAPA [Shipbuilding]
Samkang M&T, a manufacturer of heavy wall pipes, marine equipment and newbuildings, announced July 28 that it is selected as the final successful bidder by Defense Acquisition Program Administration (DAPA) of Korea for a total of 11 Naval ves...
2017-07-31 07:24:47
SHI made a fine Q2 this year [Shipbuilding]
On SHI’s report that it recorded revenue of KRW2.2997trn and operating profit of KRW20.6bn, a researcher commented that it is fine result considering additional one-time cost factors.   Yang Hyung-Mo, a researcher of eBEST Investment &am...
2017-07-31 07:24:09
Jiangsu Shenghua goes to the block [Finance]
Jiangsu Shenghua Shipbuilding, a Chinese shipbuilder goes under the electronic hammer of TAOBAO, the largest online shopping platform in China.   According to local media, Jiangsu Zhenjiang Intermediate People’s Court has started an auct...
2017-07-31 07:23:01
HMD 21st agreement on wage [General]
Hyundai Mipo Dockyard has made a non-dispute agreement on wage and collective deals of this year for the 21 consecutive years.  The union voted in favor of a total of 2,378 union members on July 28, asking whether they would accept the te...
2017-07-31 07:19:37
1H newbuilding contracting slowed [Shipbuilding]
It emerged that the global newbuilding contracting have been slowed, with 245 ships ordered for the first half of this year.  For the first six opening months of 2017, according to VesselsValue, there were no offshore vessels ordered, wit...
2017-07-31 07:18:56
Eco-friendly ship order accelerated in Korea? [Shipbuilding]
The Korean government is tightening regulations on scrapping old vessels against domestic shipping companies.  In order to deal with strengthening environmental regulations of the International Maritime Organization (IMO), subsidies wil...
2017-07-31 07:17:32
President Moon encourages shipyards [General]
During a meeting with his compatriot industry leaders, which was held at Cheong Wa Dae on July 28, Korean President Moon Jae-In called for corporations to join forces with the new government's economic paradigm including job creation, fair econ...
2017-07-31 07:12:42
HHI clinches new VLGC deal [Shipbuilding]
Hyundai Heavy Industries announced that the Korean shipbuilding heavy weight has recently signed a contract with Vitol of the Netherlands, one of the largest oil traders in the world, for the construction of two 84,000 cbm very large gas carriers...
2017-07-31 07:11:44
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