South Korean shipbuilding giant Daewoo Shipbuilding & Marine Engineering has secured an order for the construction of two 84,000-ton liquefied natural gas carriers, worth a total of $160 million, Yonhap cited Daewoo as saying. Daewoo did not want to reveal the name of the company that ordered the vessels on the grounds of a previously signed confidentiality agreement, however the buyer is said to be an Asian shipping company. The carriers are scheduled to join their owner’s flee...

Hyundai Heavy Industries (HHI), the world’s largest shipbuilder, could face difficult wage bargaining this year after its labor union requested its highest pay raise in the past 12 years.Through its in-house paper, the union revealed its annual wage increase proposal of 132,013 won ($126.94) on its monthly base pay. It is the largest wage increase request since 2002 when the union asked for a 138,912 won hike.The proposal is a big hike compared with recent years. In 2012, the union asked for 111...

Viet Nam’s shipbuilding industry has grown 25-30% annually for the past decade in all areas. Do Duc Tien, deputy director of the Viet Nam Maritime Administration, made the statement at the seminar ‘Viet Nam Shipbuilding Industry – New Stage of Development’ held in Ha Noi. Viet Nam’s Marine Strategy to 2020 states that the shipbuilding industry is one of the two key pillars of the marine economy, which is expected to make the second largest contribution to t...

COSCO Corporation (Singapore) informs that its COSCO (Dalian) Shipyard subsidiary has delivered the 82,000 dwt bulk carrier "UNION VOYAGER", to its European buyer. The new ship measures 229 meters in LOA, 32.26 meters in breadth and is 20.25 meters in depth. About COSCO Shipyard Founded in June 2001, COSCO Shipyard Group Co., Ltd, is a subsidiary of China Ocean Shipping Company (COSCO). It specializes in large vessel construction, marine engineering, conversion, and  ship repair service...