Busan discusses win-win for industries [General]
Busan Metropolitan City has recently announced that it will have a meeting to discuss 'win-win strategy for shipbuilding, shipping and finance sectors' on December 27 at Busan Metropolitan City Hall, Busan, Korea, under the chairmanship of Kim Yo...
2017-12-27 07:00:45
Korea to introduce nuclear engine for shipbuilding [Equipment]
Korean industrial experts have agreed that there is a need for nuclear engine in order to revive depressed shipbuilding and offshore industry. Ph.D Chun Ho-Hwan, President of Pusan National University, Lee Sang-hee, former Minister of Science ...
2017-12-27 06:59:58
9-year jail sentence confirmed on former DSME CEO [General]
The Supreme Court of Korea announced on December 24 that it sentenced Ko Jae-Ho, who headed Daewoo Shipbuilding & Marine Engineering (DSME) from 2012 to 2015, to nine years in prison on charges of accounting fraud.  Ko was accused of ...
2017-12-27 06:59:19
DSME adjusted contract price [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering (DSME), through a regulatory filing, announced on December 26 that it adjusted the contract value of five boxships it won in last September 20 from KRW779.7bn to KRW789.1bn. It also added that it ch...
2017-12-27 06:58:33
Timetec unveils TTM Plant3D [Shipbuilding]
Timetec, a Korean computer-aided design (CAD) system developer for the shipbuilding industry, has launched TTM Plant3D, a 3D CAD for offshore/land-based plants, and has held a presentation for inland plant experts on December 20 at Seoul. TTM ...
2017-12-27 06:57:58
HSHI to garner Greek tankers [Shipbuilding]
Some industry players said that Greek owner Evangelos Pistiolis is ordering up to four new tankers at a Korean yard. According to a foreign media, the owner is ordering 2+2 tankers at Hyundai Samho Heavy Industries (HSHI) to return to suezmax ...
2017-12-27 06:57:17
Mastek won eight ships from Tanzania [Shipbuilding]
The Busan Metropolitan City of Korea announced that Mastek Heavy Industries and Tanzania state-run Drums of Africa Ltd. are signing newbuilding contract for six 80m purse seiners and two 74m high-speed catamaran passenger ships on December 27. ...
2017-12-27 06:56:09
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