Featured News

Featured News

South Korea’s job addition slows below 300,000 in October

South Korea’s job growth slowed down in October after a brief increase above the 300,000 mark a month ago amid little sign of relief on the job market for the young, government data...Read More

Daewoo E&C Wins Order for 2nd Package of Mumbai Maritime Bridge Project

Daewoo E&C announced that the builder received a letter of acceptance (LOA) on the second package of the Mumbai Maritime Bridge project in Mumbai, India on November 17 (local ti...Read More

Cosco Shipping Energy Orders Seven Ships from Dalian

China’s Cosco Shipping Energy Transportation has entered into agreements with Dalian Shipbuilding for the construction of HKD 4.32 billion (USD 553 million) worth of new ships. Unde...Read More

Ship Recycling Market in Limbo

The ship demolition market is plagued by a high level of uncertainty leaving the market analysts in limbo when it comes to discerning which direction the market will take.  Despite ...Read More

Hyundai Heavy Rejigs Management Structure

South Korean shipbuilder Hyundai Heavy Industries (HHI) has made changes in its management team ahead of establishing a holding company structure. Through the reshuffle, unveiled in...Read More

HMM to Set Sail for 6th Place in World by Placing Orders for 20 Super Containerships

Hyundai Merchant Marine (HMM) aims to become a top 10 global shipping company by ordering 20 super large containerships. HMM is expected to have a capacity of 800,000 TEUs and rank ...Read More

MacGregor to Cut 190 Jobs amid Cost Savings

MacGregor, part of Cargotec, has informed that it could lay off some 190 employees globally as part of its plans to achieve annual cost savings of around EUR 13 million. MacGregor, ...Read More

Singaporean Shipbuilders Making Korea’s Big 3 Shipbuilders Tense

Ared flag was raised for Korean shipyards such as Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy Industries which had dominated the ...Read More

DSME Sells Mangalia Yard in Romania at $26 Million

Daewoo Shipbuilding & Marine Engineering (DSME) announced on November 10 that the company sold off its subsidiary Daewoo-Mangalia Heavy Industries based in Romania.  DSME signed...Read More

SK Chemicals to Set Up Joint Venture with Eastman Chemical Company

According to industry sources, SK Chemicals is planning to build its fourth polyethylene terephthalate glycol (PETG) production plant in Ulsan City with Eastman Chemical Company. Th...Read More

Bitcoin Prices Fluctuate Sharply with Server Problems at Virtual Currency Exchange

  Damage to investors is growing due to the temporary suspension of access to major virtual currency exchanges coupled with sharp fluctuations in virtual currency prices. Inves...Read More

Incheon City to Export Smart City Platform

The Incheon Free Economic Zone (IFEZ) Authority announced on November 9 that its platform for smart city model development is exported to Vietnam, Saudi Arabia and India next year. ...Read More

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