Philippines expressed intention to buy HHIC-Phil
The Philippine Government has officially expressed its intention to buy HHIC-Phil, Hanjin Heavy Industries and Construction’s shipyard in Subic. The authority is planning to acquire the yard for its Navy’s sake, it is understood. For start...
ZPMC forms a new subsidiary in Fuzhou
Shanghai Zhenhua Heavy Industries (ZPMC) is establishing a new subsidiary in Fuzhou, Fujian province, China. The new company, to be called ‘Zhenhua Heavy Industries Fuzhou Construction,’ would contribute to ZPMC’s expansion into the ocea...
DSME CEO offers resignation
It turned out that Jung Sung-Leep, CEO of Daewoo Shipbuilding & Marine Engineering (DSME), has offered its resignation. The consecutive appointment of him was officially confirmed last year, so that his remaining term is over two years (by...
STX Heavy graduates rehabilitation
STX Heavy Industries graduates rehabilitation process thanks to capital injection by its new owner, Pine Tree Partners. This is after two years since January 2017 when the company started its rehabilitation, and after five years since it signed a...
One Sea celebrates extending membership
One Sea, the alliance that brings together leading exponents of autonomous ship technology, has secured new funding to support its role as business ecosystem, at the same time adding Shipbrokers Finland as a new partner. An injection of public...
IRClass opens new offices
The Indian Register of Shipping (IRClass), a leading classification society, has opened two new offices in India – one located in Paradip, a major maritime port town on the east coast of India, and another in Guwahati, the largest city in north...
HHIC Chairman recedes from management
Cho Nam-ho, Chairman at Hanjin Heavy Industries & Construction (HHIC), is expected to leave his position in order to take a responsibility for management failure. While the Korean company still undergoes a liquidity crisis, its overseas subsi...
DSME union escalating opposition against the merger
The labor union of Daewoo Shipbuilding & Marine Engineering (DSME) is escalating its opposition against the looming acquisition of DSME by Hyundai Heavy Industries (HHI). DSME branch of Korean Metal Workers' Union (KMWU) announced on Febru...
HHI is confirmed to acquire DSME
KDB, the controlling shareholder of DSME (Daewoo Shipbuilding & Marine Engineering) confirmed on February 12 that Hyundai Heavy Industries (HHI) has been fixed as the final potential buyer of DSME. It is after Samsung Heavy Industries (SHI...
LR release SW solution to improve plant performance.
Lloyd's Register (LR), a professional services company specialising in engineering and technology solutions, announces the latest release of LR AllAssets at the ARC Industry Forum analyst conference in Orlando, Florida, USA. The upcoming software...
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