Japan made it official against Korea [General]
Japan officially sued Korea at WTO claiming unfair government subsidies to the shipbuilding industry on November 13. Tokyo had revealed its intention for the dispute on November 6, arguing that Korea is violating WTO regulations. In its doc...
2018-11-15 08:33:33
CMHI increases cruise ship orders [Shipbuilding]
Miami-based cruise ship operator SunStone Ships has increased the number of expedition cruise ships, which are built by China Merchants Heavy Industry (CMHI) based on Ulstein's 'INFINITY-class' design, to five in total.  Last 2017, Ulstei...
2018-11-15 08:33:06
DSME posts third operating profit in a row [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering has achieved operating profit for three consecutive quarters. The Korean shipbuilding company announced on Wednesday that it posted revenue of KRW 2.197trn (around $1.94bn) and operating profit of K...
2018-11-15 08:32:42
DSME won two Daegu-class frigates [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering (DSME) scored another pair of new frigates from ROK Navy. DSME announced on November 14 that it is to build the fifth and sixth units of FFG-II worth KRW631.5bn. DSME is planning to complete the shi...
2018-11-15 08:31:51
HHIC to build four ROK Navy patrol boats [Shipbuilding]
Hanjin Heavy Industries & Construction (HHIC) again proved its competitiveness in the defense market by winning a contract for four new patrol boats. The company announced that the Defense Acquisition Program Administration (DAPA) had comm...
2018-11-15 08:31:24
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