"HHI worker fell by half" [General]
It is estimated that the number of laborers working for Hyundai Heavy Industries (HHI) has been decreased by almost half during last three and a half year. Around 33,000 workers left their job. Kim Jong-hoon, a member of the National Assembly ...
2018-07-04 07:41:12
Russia to build largest ever FSU [Offshore]
Russia is planning to build the largest-ever LNG FSU. According to TradeWinds and industry, inquiries already have been sent to yards for the 350,000-cbm FSU which will be deployed to the Kamchatka Peninsula. The FSU should be able to store...
2018-07-04 07:40:46
HHI axes offshore division [Offshore]
Hyundai Heavy Industries (HHI), after cutting one-third of executives in its offshore division, is reorganizing the division radically. It is said that eight design teams are now integrated into single offshore engineering & design team. T...
2018-07-04 07:40:04
HHIC-Phil delivers large boxship duo [Shipbuilding]
Hanjin Heavy Industries & Construction (HHIC) completed the construction of two large-sized containerships it won from an European shipowners three years ago, and delivered them. According to industrial sources, HHIC's Subic shipyard in th...
2018-07-04 07:39:37
Sungdong sees conflict over layoff issue [General]
Sungdong Shipbuilding & Marine Engineering sent an official document to its union labor for requiring opinion on the company's layoff target selection criteria, which is the third time following June 21 and 27. The company's criteria on la...
2018-07-04 07:39:00
Doosan to develop large offshore wind turbine [Offshore]
Doosan Heavy Industries & Construction announced on June 28 that it is selected as the lead agency of the development project for large-scale offshore turbine by the Korea Energy Technology Evaluation and Planning (KETEP). The KRW550bn pro...
2018-07-04 07:38:33
TS Lines exercises 1,100TEU options [Shipbuilding]
Taiwanese liner operator TS Lines has recently exercised its option for two feeder containerships at Japanese yard Kyokuyo Shipyard Corporation.  According to foreign press and broker industrial source, the two 1,000 teu vessels are slate...
2018-07-04 07:38:05
DSME labor union approves strike [General]
The labor union of Daewoo Shipbuilding & Marine Engineering (DSME) has decided to rush into a strike. The union called for the yeas and nays for the strike to 4,811 of 5,883 its members, and 4,494 (93.4%) of them agreed to go into the stri...
2018-07-04 07:37:33
'Korea Ocean Business Corporation' launched soon [Finance]
The Korea Ocean Business Corporation (KOBC) is launched this month.  According to the Ministry of Oceans and Fisheries (MOF), minister Kim Young-Choon swore into office Hwang Ho-Sun, the first president of the state-funded organization, o...
2018-07-04 07:37:02
KTB invests $30m in debt on SHI's TK trio [Finance]
KTB Asset Management announced on June 1 that it launches a private equity fund worth $30m which invests in mezzanine debt for 155,000 dwt shuttle tanker trio Samsung Heavy Industries (SHI) builds for Teekay for five years. The fund has been l...
2018-07-04 07:36:23
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