Oe wins 'Korea Master Hand' award [People]
Oe Jung-Chul, a manager at Engine & Machinery Division of Hyundai Heavy Industries, has been chosen as a winner of the 'Korea Master Hand' award of the Human Resources Development Service of Korea (HRD Korea) on August 29.  Korea Mast...
2017-08-30 07:12:15
Oe wins 'Korea Master Hand' award [General]
Oe Jung-Chul, a manager at Engine & Machinery Division of Hyundai Heavy Industries, has been chosen as a winner of the 'Korea Master Hand' award of the Human Resources Development Service of Korea (HRD Korea) on August 29.  Korea Mast...
2017-08-30 07:11:47
Jurong-NAD sign joint ownership of rig [Offshore]
North Atlantic Drilling (NAD) and Jurong Shipyard have agreed to form a joint asset holding company for joint ownership of the West Rigel semi-submersible drilling rig, with has seen several delivery delays. In 2Q 2017 business report, NADL sa...
2017-08-30 07:10:58
BNK-KMGIC cooperate for ship finance [Finance]
BNK Kyongnam Bank and Korea Maritime Guarantee Insurance Co. (KMGIC) will cooperate to provide financial support for shipbuilding and shipping industries, which are struggling in the long lasting recession.   BNK Kyongnam Bank announced on...
2017-08-30 07:09:21
Weak profitability in 2H is unavoidable for HMD [Finance]
An industry expert expected weaker profitability and degrowth in revenue in 2H for Hyundai Mipo Dockyard (HMD).   Yoo Jae-hoon, an analyst at NH Investment & Securities said “It would secure orders worth around $1.3bn in 2H, mainly P...
2017-08-30 07:08:23
HHI union calls partial strikes [General]
Hyundai Heavy Industries’ labor union goes on four-hour strike on September 1 against management’s restructuring plan including a leave and shutdown.   A partial strike in which only union staffs participate will take place on August 2...
2017-08-30 07:07:38
STX O&S releases safety statement [General]
STX Offshore & Shipbuilding CEO Jang Yoon-Geun said through 'President's safety statement' on August 28 that he would take the lead in making safe workplace without disaster. Jang said, "I pray for the repose of the deceased and apologize ...
2017-08-30 07:06:20
Korean manufacturers discuss 'digital innovation' [General]
GE Korea had 'GE Innovation Forum 2017 Live' on August 25 at Grand Hyatt Incheon Hotel, Incheon Metropolitan City of Korea. Bill Ruh, CEO at GE Digital and CDO at GE, and Lim Chai-Sung, Chairman at the Korea Industry 4.0 Association and Profes...
2017-08-30 07:05:36
Statoil to secure new LPG-fueled VLGC [Shipbuilding]
Norway's Statoil has recently sent out the requirements for up to two very large gas carriers (VLGCs). The requirements also include LPG fuel propulsion system option, TradeWinds reported.  No LPG-fueled VLGC had ever been built until now...
2017-08-30 07:04:13
HHI Group wins new BC quartet [Shipbuilding]
The National Shipping Company of Saudi Arabia (Bahri) announced on August 27 that its subsidiary Bahri Dry Bulk Company (owned 60% by Bahri) (BDB) has signed on Friday, 3 Dhu Al-Hijjah 1438 (on August 25 2017) an agreement valued at USD 120 milli...
2017-08-29 07:19:44
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