Shipbuilding
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...
2019-10-14 08:22:42
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...
2019-10-11 16:24:05
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...
2019-10-11 15:59:53
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...
2019-10-11 15:08:27
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...
2019-10-11 08:30:51
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...
2019-10-11 08:30:19
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...
2019-10-11 08:29:48
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...
2019-10-11 08:29:23
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...
2019-10-10 15:03:24
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...
2019-10-10 14:22:40
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