DongHwa Pneutec enters ALS compressor market [Equipment]
Busan based marine compressor expert DongHwa Pneutec recently announced that it took orders of air compressor for Air Lubrication System (ALS) and flow control system from Daewoo Shipbuilding & Marine Engineering (DSME). This is the first ...
2018-05-21 07:06:07
HHI sisters stacked $4.8bn by Apr [Shipbuilding]
Hyundai Heavy Industries (HHI) announced that its accumulated order intake at the end of April recorded $1.345m (Shipbuilding, $923m; offshore, -$9m; plant, $87m; engine and machinery, $344m). This is 16.1% yoy decrease. Shipbuilding grew by 1...
2018-05-21 07:05:38
"IMO SOx rule leads to rising oil price" [General]
There is a possibility of oil price reaching its peak since 2014 against a backdrop of rising low-sulfur fuel consumption, which results from the IMO 2020 Rule.  Morgan Stanley Research has recently forecasted through its report that the ...
2018-05-21 07:05:06
LNG shipping market is near bottom [Shipping]
It look like the global LNG shipping market has hit the bottom. The daily charter rates of LNG carrier has recently decreased to a $40,000 level, after reaching $85,000 last January. Regarding this, Fearnley Securities noted the global LNG shi...
2018-05-21 07:04:30
Timetec to unveil its new 3D CAD 'TTM' [Shipbuilding]
In time for the completion of its national project 'development of ship design support system based on 3D modeling', Timetec, a Korean computer-aided design (CAD) system developer for the shipbuilding industry, will hold an unveiling event for th...
2018-05-21 07:03:48
DSME setting 10% wage return [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering (DSME) is planning 10% wage return to reduce fixed costs. The labor and the management of DSME have their first negotiation meeting on May 9. On the day, the management suggested 10% wage return and...
2018-05-21 07:03:17
Appeals made to stop restructuring on Sungdong [Shipbuilding]
The South Gyeongsang branch of the Korean Metal Workers' Union (KMWU) held a rally on May 17 at Changwon District Court, South Gyeongsang Province, Korea, to denounce against a severe restructuring process on Sungdong Shipbuilding and Marine Engi...
2018-05-21 07:02:31
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