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 a stock exchange release on […]
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 sixth in the world when the […]
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, which employed globally 1,876 […]
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 offshore plant market. This is […]
ekomeri wrote a new post, DSME Sells Mangalia Yard in Romania at $26 Million 6 days, 13 hours ago
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 a sales and purchase […]
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. The two companies are […]
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. Investors are filing […]
Shell is adding yet another vessel to its LNG bunkering fleet. It has signed a contract with Rotterdam headquartered Anthony Veder that will see the 7,500 cu.m LNG carrier Coral Methane, which currently […]
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 the current situation but h […]
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.
According to a company official on […]
ekomeri wrote a new post, Hyundai Heavy Industries wins FSRU order from India 2 months, 2 weeks ago
South Korea’s largest shipbuilder Hyundai Heavy Industries Co. won a floating, storage, re-gasification Unit (FSRU) deal from an Indian company. It is the second FSRU order the company received this y […]
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 take part in a bid for Daewoo E […]
Russian shipping company PAO Sovcomflot (SCF Group) recorded a net income of USD 15.2 million in the first half of 2017, a 90.8 percent drop from USD 166 million posted in the same period a year earlier.
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 grow to US$3 trillion […]
S-OIL announced on August 25 that it signed an agreement to purchase 700,000 tons of LNG per year from Malaysia’s PETRONAS. The contract will run for 15 years from April of next year to 2033.
The signing […]
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