HHI wins VLGC from Japan? [Shipbuilding]
It is said that JX Ocean of Japan orders one very large gas carrier (VLGC) from Hyundai Heavy Industries (HHI). Several foreign media outlets including TradeWinds have recently reported that the Japanese shipowner books one 80,000 cbm LPG carr...
2018-04-10 07:13:36
STX cutting payroll at the edge [Shipbuilding]
STX Offshore & Shipbuilding (STX O&S) announced on April 8 that its voluntary retirement program has attracted 144 field workers. 104 personnel chose voluntary retirement, while 40 chose to outsource. This is way too small then KDB and...
2018-04-10 07:13:12
STX O&S submits self-help plan first [Shipbuilding]
The management of STX Offshore & Shipbuilding (STX O&S) submitted a self-help plan to its creditors including the Korea Development Bank (KDB) on April 9. The plan covers methods for cutting expenses and material costs, raising produc...
2018-04-10 07:12:40
"New solution needed for STX/Sungdong" [General]
The representative of Justice Party, Roh Hoe-chan urged the government to set a new strategy through discourse. He announced on April 9 that he and other colleagues move to a resolution urging creditors and the government to choose rehabilitat...
2018-04-10 07:12:00
Del Monte books reefer boxship duo at China [Shipbuilding]
CSSC-affiliated Huangpu Wenchong Shipbuilding (Guangzhou Wenchong Shipyard) has recently won two 600 feu reefer containerships from Network Shipping, a shipping arm of US food production giant Del Monte Foods. According to foreign press and in...
2018-04-10 07:11:25
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