2019 thick plate price negotiation to be initiated [Shipbuilding]
The shipbuilding industry and the steel industry are to initiate 2019 thick plate price negotiation from next month. The market heard that steel manufacturers including POSCO, Hyundai Steel, and Dongkuk Steel Mill are going to arrange a price ...
2018-11-28 08:48:13
STX Heavy changes largest shareholder [General]
STX Heavy Industries announced through a regulatory filing on November 26 that its largest shareholder is now Pine Tree Partners, instead of Korea Development Bank. Pine Tree Partners currently holds 66.09% of shores in the company. The compan...
2018-11-28 08:47:49
COSCO launched an LNG-powered offshore boat [Shipbuilding]
A Belgian offshore contractor DEME recently announced the launching of next-generation eco-friendly offshore construction vessel. The launching ceremony of the offshore installation vessel Orion was held at COSCO (Qidong) Offshore, an affiliat...
2018-11-28 08:47:26
Mac-Net & Busan have strategy forum [Shipbuilding]
Mac-Net (Maritime Cluster Networking in Korea) and Busan Metropolitan City have a forum on 'strategies for developing eco-friendly ships and enhancing shipbuilding and shipping businesses' at Haeundae Grand Hotel, Busan, Korea, on November 28.&nb...
2018-11-28 08:47:00
Sunny days expected for Korean shipbuilding in 2019 [Shipbuilding]
A report predicted the Korean shipbuilding industry to enjoy 5-10% yoy growth in export, production, domestic demand, and import. In its report published on November 26, The Korea Institute for Industrial Economics & Trade (KIET) predicted...
2018-11-28 08:25:53
KR-HHI co-develop LNG-powered ship tech [Shipbuilding]
The Korean Register of Shipping (KR) announced on November 21 that it signed co-development agreement with Hyundai Heavy Industries (HHI) for an LNG-powered vessel which was ordered by a domestic shipping company. The agreement sees two partie...
2018-11-28 08:25:29
Sangsangin finalizes DMC acquisition [Equipment]
Sangsangin Ship Machinery has finalized the acquisition of Dongnam Marine Crane (DMC) on November 26.  A consortium led by Sangsangin Ship Machinery had been chosen as a preferred bidder by Deloitte Anjin LLC, an underwriter of the sell-o...
2018-11-28 08:25:04
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