Featured News

Featured News

LG CNS to Join Cloud Computing Ecosystem Based on PaaS-TA

The National Information Society Agency (NIA) of South Korea and LG CNS signed a memorandum of understanding (MOU) with each other on September 18. The purpose of the MOU is to coop...Read More

Oil Refiners See Good Times ahead due to Rising Oil Prices

International oil prices have hit a record high in seven months as they went up over US$50 a barrel. The domestic oil refining sector raised its hopes of improving their profitabili...Read More

Shipyards, steelmakers at odds over steel price hike

South Korea’s major shipbuilders and steelmakers have been in talks over a steel price hike for weeks, but they still face difficulties narrowing their differences, industry s...Read More

Hyundai Heavy sells U.S. unit Hyundai Ideal Electric

South Korea’s Hyundai Heavy Industries Co. shed Hyundai Ideal Electric Co., its money-losing electric motors making subsidiary in the United States as part of restructuring efforts....Read More

NYK to Use Binary Cycle Power Generation System on New Panamax

Japanese shipping company Nippon Yusen Kaisha (NYK) intends to deploy a binary cycle power generation system on a newly constructed Panamax bulk carrier to be operated by the compan...Read More

3D Printed Ship’s Propeller Moves Forward to Completion

A prototype of the world’s first class approved ship’s propeller has been produced by using 3D printing techniques, Damen informed.  The 1,350mm diameter propeller – named WAAMpelle...Read More

Ballast Water Management Convention Enters into Force

The International Convention for the Control and Management of Ships’ Ballast Water and Sediments (BWM Convention) entered into force on September 8, 2017.  Adopted by the Internati...Read More

SHI partners with Inmarsat for ‘smart ship’ initiative

South Korean shipbuilder Samsung Heavy Industries (SHI) has signed a memorandum of understanding (MoU) with Inmarsat to receive the connectivity capability required for its ‘smart s...Read More

Abandonment of Korea-US FTA to Help N. Korea Drive Wedge between S. Korea and US

Exports in US-based think tanks point out one after another that not only is US President Donald Trump’s threatening to abandon the Korea-US Free Trade Agreement (FTA) inadequate in...Read More

Hyundai Mipo shuts down dock, other shipyards in voluntary leave

Following suit of its bigger shipyard Hyundai Heavy Industries, Hyundai Mipo Dockyard Co. decided to shut down a dock in Ulsan base for three months due to shortage of work. Accordi...Read More

Malaysia’s Largest Company to Push Ahead with Acquisition of Daewoo E&C

Petronas, a world-class energy company, will press ahead with the acquisition of Daewoo E&C, following global players including Saudi Arabia’s Aramco who revealed its will to ta...Read More

S. Korean Companies Entering Global Halal Pharmaceutical Market

An increasing number of South Korean pharmaceutical companies are entering the Halal market. The size of the global Halal market reached US$1.89 trillion in 2015 and is estimated to...Read More

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