HHI preparing for smaller revenue [Shipbuilding]
Hyundai Heavy Industries (HHI) announced on a regulatory filing on January 3 that its 2017 revenue (separate basis) is estimated to be KRW10.0364trn, and 2018 revenue is estimated to be KRW7.9866trn. It means that the company is preparing 20.4% l...
2018-01-08 07:11:35
DSME Chung acquitted on charges of fraud [General]
Daewoo Shipbuilding & Marine Engineering (DSME) CEO Chung Sung-Leep and CFO Kim Youl-Jung are acquitted on charges of accounting fraud. The prosecution announced on January 4 that the office drops the charges against them. They have been i...
2018-01-08 07:10:39
"2018, the year of green transition" [Shipbuilding]
The industry is heating up with expectations for the transition in marine fuel, especially LNG. Titan LNG, a Dutch LNG bunkering company recently stated that 11% of newbuildings ordered in 2017 will feature LNG propulsion system, and the tre...
2018-01-08 07:06:01
HHI won TMS Cardiff LNG ship [Shipbuilding]
Christos Economou-led TMS Cardiff Gas turned out to have ordered up to three LNG carriers at Hyundai Heavy Industries. On its webpage, TMS Cardiff Gas announced on January 4 that it placed the first order (1+1) for ‘X Carrier’ series. Th...
2018-01-08 07:05:13
To be or not to be: Sungdong&STX’s March [Shipbuilding]
STX O&S and Sungdong Shipbuilding and Marine Engineering are at the edge of life and death. The due diligence process started at the end of last year can end up with liquidation. According to the industry, Sungdong has received a request t...
2018-01-08 07:04:31
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