DSME responsible for 2015 industrial accident [General]
The Supreme Court of Korea ruled on July 20 that Daewoo Shipbuilding & Marine Engineering (DSME) is responsible for the death of two workers in 2015. On the day, the court convicted two DSME executive members of neglecting their duties to ...
2018-07-24 07:18:39
H-Line signs LNG bulker MOU with HHI [Shipbuilding]
H-Line Shipping has signed an MOU with Hyundai Heavy Industries (HHI) for two LNG powered large bulkers, it is said. It is also understood that Hyudai Samho Heavy Industries (HSHI) will build the units. According to foreign media and the indus...
2018-07-24 07:18:11
Shipbuilders keep consuming orderbook [Shipbuilding]
Global newbuilding orderbook recorded 198.7m dwt (75.3m cgt, 3,017 units) at the end of June, which is 11% lower compared to the beginning of the year in terms of the number of units (6% lower in terms of dwt). As of the end of June, according...
2018-07-24 07:17:40
SHI cuts Coral FLNG steel in September [Offshore]
Samsung Heavy Industries (SHI) is cutting the steel for Coral FLNG project in coming September. According to the industry, SHI is starting the construction of the $2.5bn floating platform it won back in June 2017. Coral FLNG, led by an Ital...
2018-07-24 07:16:16
SHI sees up in both revenue and loss [Shipbuilding]
Samsung Heavy Industries (SHI) announced through a regulatory filing on July 23 that the company posted revenue of KRW 1.3466trn (about $1.19bn), but saw a KRW 100.5bn operating loss for the second quarter of 2018.  The revenue saw a 8....
2018-07-24 07:15:47
HHI logged KRW175.7bn loss in Q2 [Shipbuilding]
Hyundai Heavy Industries (HHI) released slightly higher quarterly revenue thanks to the exchange rate and increasing work volume. HHI reported through a regulatory filing on July 23 that its Q2 result (consolidated basis) logged KRW3.1244 of r...
2018-07-24 07:15:02
KR-STX develop standard design for LNG BCs [General]
The Korean Register of Shipping (KR) announced that the society and STX Offshore & Shipbuilding (STX O&S) signed an MOU for JDP developing a standard design of LNG powered bulker and gas supply systems. Two parties are planning to prod...
2018-07-24 07:14:11
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