HHI raises non-duty allowance of offshore workers [General]
Hyundai Heavy Industries (HHI) management stated in a company newsletter on September 11 that it amended the non-duty allowance of executives and staff members in its offshore business sector to 40% of average wage from zero, and submitted the pl...
2018-09-12 07:25:03
Cyprus' FSRU bid expected to open soon [Offshore]
It turned out that Cyprus has finally started igniting a bid for floating LNG storage and re-gasification unit (FSRU) after a long preparation. While process and document related to the bid are almost finished, according to foreign media and i...
2018-09-12 07:24:34
Closed SB yard to be transformed [General]
The Korea Land and Housing Corporation (LH) announced on September 10 that it has chosen Posco A&C-led consortium as a winner in the 'International Urban Design Competition for the Regeneration of Tongyeong Dockyard'.  The LH received...
2018-09-12 07:23:57
Mitsui E&S nets BC trio [Shipbuilding]
Mitsui E&S Shipbuilding announced on September 6 that the Japanese shipbuilder has won three new Post-panamax bulkers.  The company did not revealed where it was awarded the vessels and how much they are, noting only that a single own...
2018-09-12 07:23:20
DACKS won Turkish bulkers [Shipbuilding]
China-Japan joint venture yard Dalian COSCO KHI Ship Engineering (DACKS) won a bulker deal from a Turkish operator. According to foreign media and industry, a Turkish shipping company Akmar Denizcilik has ordered one ultramax bulker at DACKS. ...
2018-09-12 07:22:51
STX hit a new bottom [General]
STX Heavy Industries stock hit new bottom at the news that the company submitted a rehabilitation plan. The price of STX Heavy Industries stock once marked KRW3,230 on September 11, lowest in 52 weeks.  A day earlier, the company state...
2018-09-12 07:22:20
Busan proposed special grant program [Shipbuilding]
Busan Metropolitan City revealed that it proposed the implementation of a special grant program for local equipment manufacturers. The program is designed to provide stable and timely financing to the industry on a base of signed contracts. ...
2018-09-12 07:21:50
'Ship prices showing steady improvement' [Shipbuilding]
The Korean shipbuilding industry swept 42% (540,000cgt, 10 units) of the newbuilding orders in August, claiming top place four months in a row. According to Clarksons Research, Korea is leading the world also in the accumulated numbers. New...
2018-09-12 07:20:22
"Need for focusing on repairing large ships" [General]
A Korean institute pointed out that repairing and retrofitting large-sized vessels can help its compatriot shipbuilding industry that has suffered with long-term recession. The Korea Institute for Industrial Economics & Trade (KIET) releas...
2018-09-12 07:19:50
Sovcomflot orders next generation tankers from Zvezda [Shipbuilding]
During the 4th Eastern Economic Forum (EEF), PAO Sovcomflot (SCF Group) signed a set of agreements with Rosneft, Zvezda Shipbuilding Complex and VEB Group, placing orders with Zvezda for a series of two next generation large-capacity Aframax tank...
2018-09-12 07:19:11
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