Hyundai Samho reaches wage agreement [General]
Hyundai Samho Heavy Industries has closed wage negotiation in 2017, and determined to strive to overcome the crisis in order to secure new orders and enhance competitiveness. Hyundai Samho said that it held a 'Signing ceremony for wage agree...
2017-08-22 07:22:48
DSME-SHI increasingly in need of work [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering (DSME), even with substantial profit in H1 this year, still worries over the lack of order cover from insufficient new orders.   With slow pace of recovery of new order, DSME recorded 1,025,000g...
2017-08-22 07:22:04
Four men killed in STX shipyard explosion [General]
Four workers lost their lives by an explosion in a tank aboard a newbuilding tanker, around 11:37 a.m. on August 20 at STX Offshore & Shipbuilding’s shipyard in Jinhae, Korea. The men were employed by a subcontractor company of STX and were...
2017-08-22 07:18:41
"Korean shipbuilding market share will sharply drop" [Shipbuilding]
The Korea Institute for Industrial Economics & Trade (KIET) said in a report on the future vision and development strategy of Korea's main industries on August 20, "The growth rate of Korea's major industries is likely to slow down or shrink ...
2017-08-22 07:16:55
NB investment up by 58% y-o-y [Shipbuilding]
The global shipbuilders' newbuilding activities have still been maintained at a low ebb this year even though they are getting better slightly compared to 2016. However, the shipbuilders' order value is showing a rising trend. So far this year...
2017-08-22 07:15:12
DSME confirms price of VLCC quartet [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering announced through a regulatory filing on August 18 that it decided on the price of four Very Large Crude Carriers (VLCCs) awarded from a European shipowner last month.   The four newbuildings we...
2017-08-22 07:13:49
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