HHI labor strikes five years in a row [Shipbuilding]
The labor union of Hyundai Heavy Industries (HHI) has rushed into strike for five consecutive years since 2014.  The whole of the union members excepting for ones in special ship sector called a partial strike for seven hours on July 13. ...
2018-07-16 07:35:46
"Big3's bossiness must be stopped" [General]
Subcontractors of Korean 'Big3' shipbuilders demanded that the Korea Fair Trade Commission (KFTC) investigate the conglomerate's violations of subcontract acts. A 'committee for damaged subcontractors from Big3 shipbuilders' bossiness' compris...
2018-07-16 07:35:17
Preparation made for sale of DSME [General]
The creditors of Daewoo Shipbuilding & Marine Engineering (DSME) reportedly plans to come up with a measure for the sale of the company within the second half of this year.  They are also expected to commission services from accountin...
2018-07-16 07:34:51
Sungdong goes 2nd voluntary retirement [General]
Sungdong Shipbuilding & Marine Engineering has started to accept voluntary retirement from the whole employees from July 12.  The voluntary retirement program runs until July 17, which is the second one implemented since May when the ...
2018-07-16 07:33:51
KR man elected to IACS GPG Chairman [General]
The Korean Register of Shipping (KR) announced on July 12 that Director Park Joo-Sung will serve as chairperson of the General Policy Group (GPG) at the International Association of Classification Societies (IACS). Park graduated from Korea Ma...
2018-07-16 07:33:14
HHI trio sees 45% upturn in order intakes [Shipbuilding]
Hyundai Heavy Industries (HHI) Group announced on July 12 that its accumulated order intakes at the end of June recorded $2.86bn (Shipbuilding, $2.105bn; offshore, $2m; plant, $86m; engine and machinery, $673m).  This is a 27.2% year-on-y...
2018-07-16 07:32:29
DSEC nets 10th scrubber retrofit deal [Equipment]
DSEC announced on July 12 that the Korean maritime engineering expert signed a contract with Hyundai Merchant Marine (HMM) for SOx scrubber retrofit of one containership on June 25.  Under the 10th SOx scrubber retrofit deal it has conclu...
2018-07-16 07:31:57
Korea topped in 1H 2018 [Market Information]
Korean shipbuilding industry topped the global arena in 1H 2018, the first time in three years. According to Clarkson Research, among 12.34m cgt (441 units) of orders placed in 1H, Korea took 4.96m cgt (115 units), or 40% of the total, while C...
2018-07-13 17:23:06
HMD wins PC duo from US shipowner [Shipbuilding]
Hyundai Mipo Dockyard (HMD) announced through a regulatory filing on July 13 that the Korean shipbuilder has won two product carriers (PCs) worth about $75m in total from a shipowner of the US.  The value of the contract is equivalent to ...
2018-07-13 17:00:35
Globecomm delivers global VSAT connectivity [Equipment]
Globecomm, one of the leading providers of maritime connectivity services, has supplied its global Ku-band VSAT service to specialist shipowner and manager Briese Schiffahrts in support of its fleet growth plans. Long-time Globecomm customer B...
2018-07-13 07:21:54
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