HPWS snatches canceled Ouhua boxships [Shipbuilding]
A Turkish operator Arkas Line diverted its order from Zhejiang Ouhua Shipbuilding to another Chinese yard. According to foreign media and industry, the operator diverted the canceled containerships to Huangpu Wenchong Shipbuilding (HPWS) after...
2018-09-12 07:25:41
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
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