HHIC awarded order for Korean Navy [Shipbuilding]
Hanjin Heavy Industries & Construction has been awarded a repeat order to supply naval vessels including Patrol Killer Experimental (PKX-B) for the Defense Acquisition Program Administration (DAPA) of Korea. The Korean shipbuilder announce...
2017-07-04 07:12:36
KHI awarded new fast ship [Shipbuilding]
Japan's Kawasaki Heavy Industries (KHI) has recently won one fast ship from Tokai Kisen and the Japan Railway Construction, Transport and Technology Agency (JRTT).  The new vessel will be built at KHI's Kobe Works for completion in June, ...
2017-07-04 07:11:42
Techcross completes tests for USCG's type approval [Equipment]
Techcross, a Korean leading ballast water treatment system (BWTS) provider, announced on July 3 that it has completed tests for the US Coast Guard's (USCG's) type approval on June 9 for the first time as a Korean BWTS manufacturer.  Aside...
2017-07-04 07:11:01
SHI bags shuttle TK duo [Shipbuilding]
Samsung Heavy Industries has recently won two new shuttle tankers worth KRW 272.4bn (approximately $239m). The Korean shipbuilding heavy weight announced through a regulatory filing on July 3 that it won two tankers from AET, a tanker operatin...
2017-07-04 07:09:20
Talks going on smoothly for DMHI sale [Finance]
It is said that talks about the sale of Daewoo-Mangalia Heavy Industries (DMHI), a overseas affiliated shipyard of Daewoo Shipbuilding & Marine Engineering, have come to an end.  A Daewoo official noted, "A negotiation is going on reg...
2017-07-04 07:08:35
HHI Gunsan shipyard shut down indefinitely [Shipbuilding]
Hyundai Heavy Industries (HHI)’s Gunsan shipyard has entered suspension after seven years of operation, and only 50 personnel essential for maintenance are remaining.   “Delivery of the last one newbuilding at Gunsan was made on June 3...
2017-07-04 07:07:48
[1H Feature] Korean shipyards bolster new orders [Shipbuilding]
While Korean shipbuilders took the first place in global newbuilding order intake in the first half year of 2017, each company showed clear recovery from the same time last year. With prominent order intake of tanker segment, gas carrier segment ...
2017-07-04 07:06:08
Korean shipbuilders lead in the first-half year [Shipbuilding]
Korean shipbuilders took the first place in ship and offshore facilities newbuilding order intake in the first half of this year. Hyundai Heavy Industries (HHI) alone won as many as 73 vessels, and Samsung Heavy Industries (SHI), with two larg...
2017-07-04 07:04:43
STX O&S completes court rehabilitation early [Finance]
Seoul Bankruptcy Court announced Monday its decision to terminate reorganization procedure for STX Offshore & Shipbuilding (STX O&S) early. According to this decision, STX O&S would now be able to start normal operation and sales acti...
2017-07-04 07:03:32
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