Ship repairing center to be built in Busan
A ship repairing innovation center for manufacturing ship equipment and component will be set up at Daepyeong-dong, Yeongdo-gu, Busan-si, Korea, where the first modern shipyard in the country was established in 1912. The Ministry o...
OSC strengthens China tie
Oman’s state-run OSC (Oman Shipping Company) expressed its intention to order more ships at China. OSC CFO Michael Jorgensen said in a recent interview with China Daily that “we hope to expand the contribution of the Chinese market to abou...
HSHI won a VLCC from Europe
Korea Shipbuilding & Offshore Engineering (KSOE) announced on October 10 through a regulatory filing that its subsidiary yard Hyundai Samho Heavy Industries (HSHI) won a 300,000-dwt VLCC from a European shipping company. The contract value...
Daewoo got ROKN submarine & LNGC contracts
Daewoo Shipbuilding & Marine Engineering (DSME) won KRW1.56trn contracts including advanced submarines and LNG carriers. The company announced on October 11 that it signed a KRW1.113trn deal with the Defense Acquisition Program Admin...
HHI to build next-gen AEGIS destroyer
Hyundai Heavy Industries (HHI) is selected to build next-generation AEGIS destroyer for the Korean Navy. The company announced that it signed a contract with the Defense Acquisition Program Administration (DAPA) for the package including...
STX O&S calls on supports from KDB
The STX Offshore & Shipbuilding (STX O&S) branch of the Korean Metal Workers' Union (KMWU) asked Korea Development Bank (KDB) to set up active support measures for STX O&S. The STX O&S branch had a press conference on Sep...
HHI Group scores 11 additional boxships
It turned out that the volume of LNG-fueled containership order placed by Idan Ofer-led Eastern Pacific Shipping is larger than previously known. According to industrial source and foreign presses including Lloyd's List, the Singaporean compan...
Korea comes 2nd in global NB contracting
From January to September this year, the volume of new orders placed at shipyards in the world showed a 43% year-on-year decline, while Korea ranked the second in global contracting, following China. According to Clarksons Research, in Septemb...
Okeanis confirms tanker order at HSHI
Oslo-listed shipping company Okeanis Eco Tankers (OET) has confirmed that it ordered two 158,000-dwt Suezmax tankers at Hyundai Samho Heavy Industries (HSHI). The pair is the result of exercised options, which was given by OET’s sponso...
SHI won two MISC LNGCs
Samsung Heavy Industries (SHI) announced on October 10 through a regulatory filing that it won two 174,000-cbm LNG carriers from MISC of Malaysia. According to the data in the filing, the contract value is around KRW485.3bn (around $202.8m apiece...
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