Ciner ordered suezmax ships at HHI [Shipbuilding]
It is said that Ciner Shipping Industry & Trading has ordered four 158,000-dwt tankers at Hyundai Heavy Industries (HHI). The contract is worth around $254m, and the ships will be employed in a long-term chartering to Koch Shipping. TradeW...
2018-12-10 08:31:59
Busan to explain national financial supports [Equipment]
The Busan Marine Equipment Association (BMEA) has recently announced that the institute and Busan Metropolitan City will jointly hold a briefing session on the details of the Korean government's special loan program for domestic shipbuilding and ...
2018-12-10 08:31:26
"HMD set a milestone with 30K LNGC" [Shipbuilding]
An analyst argued that Hyundai Mipo Dockyard (HMD) had set a significant milestone in the industry netting an order for small LNG carriers. Park Moo-Hyun, a researcher at Korea's Hana Financial Investment, said in a report on December 7 that ...
2018-12-10 08:27:57
Rough table set between steel mills and shipbuilders [Shipbuilding]
It seems the negotiation for 1H 2019 thick steel plate price between steel manufacturers and shipbuilders would go roughly again. It is said that the steel industry, including POSCO and Hyundai Steel, has offered KRW50,000 per ton, which is a ...
2018-12-10 08:27:04
Daewoo E&C pushes R&D in offshore sector [Offshore]
Daewoo Engineering & Construction (Daewoo E&C) is driving R&D campaign in the offshore sector. Daewoo E&C business report published on December 5 revealed that its Q3 R&D spending recorded KRW50.2bn, which is a 23% increase...
2018-12-10 08:26:39
Labor advocates ask measures for Sungdong [General]
Labor advocates in South Gyeongsang Province raised voice asking support for workers of Sungdong Shipbuilding & Marine Engineering. The Korean Metal Workers' Union (KMWU) Sungdong branch and another labor association of South Gyeongsang ar...
2018-12-10 08:26:14
Korea promotes manpower training [Shipbuilding]
The Shipbuilding & Offshore Industry Skills Council (ISC) and the Ulsan branch of the ISC signed a memorandum of understanding (MOU) for the development of shipbuilding and offshore industry, as well as an efficient human resource training. ...
2018-12-10 08:25:50
SHI commissioned to build LNGC duo [Shipbuilding]
Samsung Heavy Industries (SHI) announced on December 7 that it has won two new LNG carriers from an Asian operator at KRW 400.4bn (approximately $360m). The contract runs until December 1, 2021, from December 6, 2018. So far this year, with th...
2018-12-10 08:25:25
DSME nets new submarine rescue ship [Shipbuilding]
Daewoo Shipbuilding & Marine Engineering (DSME) announced on December 7 that it has been awarded a contract for the detailed design and construction of a new submarine rescue (ASR-II) ship for the Republic of Korea Navy (ROKN). The value of t...
2018-12-10 08:25:00
Three buyers emerge in Sungdong sales [Shipbuilding]
Sungdong Shipbuilding & Marine Engineering has got the green light on its second M&A deal. The Korean shipbuilder saw no one interested in the deal during the previous round, but this time, multiple potential buyers have appeared. Acco...
2018-12-10 08:24:36
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