HHI had field trip event for employees' children [General]
Hyundai Heavy Industries has recently announced that the Korean shipbuilding giant had a field trip for 60 children of its employees on July 26, August 18 and August 24.  The children watched company promotion film and visited Hyundai's U...
2017-08-28 07:14:11
MMHE to build new repairing dock [Shipbuilding]
It seems that Malaysia Marine and Heavy Engineering (MMHE) has decided to build an additional ship repairing dock.   According to a foreign press, the Malaysian company plans to operate the facility at the beginning of 2020 and carry out ...
2017-08-28 07:12:26
Brooke Dock wins Petronas contract [Offshore]
Petronas has awarded two contracts totalling MYR 479m to engineering firm Brooke Dockyard and Engineering Works Corporation for work related to its gas development projects offshore Sarawak. The contracts are for wellhead platforms at its Boko...
2017-08-28 07:11:46
HHI withdraws basic pay return plan [General]
Hyundai Heavy Industries withdrew its request to return 20% of basic salary from wage and collective agreements. The company delivered this position to labor union members in the wage and collective agreement of 2016 and 2017 at Ulsan headquar...
2017-08-28 07:09:22
DSME supplies submarine equipment to HHI [Equipment]
Daewoo Shipbuilding & Marine Engineering has signed a contract to supply core submarine equipment that it developed with the Agency for Defense Development of Korea. Daewoo announced on August 25 that it and Hyundai Heavy Industries entere...
2017-08-28 07:08:32
SHI won two shuttle tankers from Teekay [Shipbuilding]
Samsung Heavy Industries (SHI) officially announced on August 25 that it is awarded two shuttle tankers by Teekay Offshore Partners.   The deal is worth KRW309.2bn (about $274m), which amounts to 3.0% of recent revenue, and will start on A...
2017-08-28 07:07:06
HMD has KRW2trn liquidity up its sleeve [Finance]
An analyst estimates liquidity of Hyundai Mipo Dockyard (HMD) to be KRW2trn (about $1.7bn), saying “it has the soundest financial structure in the global yards.”   “In Q3 this year, HMD will record revenue of KRW832bn and operating p...
2017-08-28 07:06:19
Korea Maritime Promotion Agency starts in June 2018 [Shipping]
Korea Maritime Promotion Agency (Corporation) will start operation in June 2018.   Ministry of Oceans and Fisheries (MOF) of Korea, with other ministries concerned, announced the establishment plan for Korea Maritime Promotion Agency on Au...
2017-08-28 07:04:56
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