HMD announces smaller 2Q profit [Finance]
Hyundai Mipo Dockyard (HMD) announced on August 1 that the company has recorded Q2 operating profit (interim, consolidated basis) of KRW27.9bn ($24m), which is yoy 62.3% decrease.   The Q2 Revenue of the company recorded KRW861.2bn, which ...
2017-08-02 07:19:56
Asia's first LNG-fuelled ship ECONURI [Shipbuilding]
The ECONURI, the first environment-friendly vessel to run on LNG fuels in Asia, has shown more than 9,000 passengers in four years, showing off its eco-friendly and economic performance. The Incheon Port Authority (IPA) of Korea recently annou...
2017-08-02 07:19:08
"Government-led policy is needed" [Shipping]
It is pointed out that a government-led policy is necessary to establish a cooperative system in which shipping, shipbuilding and export companies can co-exist. The Korea Maritime Institute (KMI) held a seminar on Strategic Implementation of t...
2017-08-02 07:18:20
Korea to start wig craft operation [Shipbuilding]
Aron Flying Ship, the only wig craft manufacturer in Korea, and Wig Korea, a Korean wig craft operator, signed a contract for supplying 20 'M-80' wig crafts on July 31 at La Perouse Resort, Ulleung Island of Korea.  Under the deal, Aron w...
2017-08-02 07:17:01
MHI to split shipbuilding businesses [Shipbuilding]
Mitsubishi Heavy Industries (MHI) has recently announced a plan of splitting its merchant ship businesses, which takes effect from January 1, 2018.  First of all, the Japanese shipbuilding heavyweight's ship design and Shimonoseki Shipyar...
2017-08-02 07:14:51
HHI reports sixth consecutive quarter in the black [Shipbuilding]
Hyundai Heavy Industries (HHI) Group, on its first report on business performance after last April’s business spin-out announced that all of its four corporate bodies including HHI recorded the black-ink balance.   In its August 1 offici...
2017-08-02 07:13:27
HHI in talks for 22,000teu ULC newbuildings [Shipbuilding]
Hyundai Heavy Industries (HHI) is entering the final contest with a Chinese rival for brand-new 22,000teu ULCS, the largest container ship in history.   “We have gone through related four phases for the contest, and still are ahead of th...
2017-08-02 07:12:42
Government invites European cruise builders into Cruise Foru [General]
Ministry of Oceans and Fisheries (MOF) of Korea is holding 2017 Asia Cruise Forum JEJU from August 24 through 27 in Jeju island and also holding ‘cruise equipment information session’ on 25, in presence of related European cruiseship builders...
2017-08-02 07:11:40
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