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HALLA ENGINEERING & HEAVY INDUSTRIES

EU to S. Korea: Agreement on Subisdies Soon Or Else

The European Union's executive body proposed starting a World Trade Organisation (WTO) dispute against South Korea over alleged subsidies to its shipyards unless a deal could be reached by June 30. At the same time, the European Commission said it would propose allowing temporary government aid for European shipyards hit by South Korean competition for the duration of the WTO case. Both proposals will be discussed by EU industry ministers who meet on May 14 and 15. "Although we have not closed the door to an amicable solution with the Korean authorities, the clock is now ticking," EU Trade Commissioner Pascal Lamy said. The Commission said its own five-month probe of South Korean shipbuilding had established that substantial subsidies had been granted to South Korean shipyards which it alleged contravened the WTO's 1994 Subsidies Agreement. "On this basis, the Commission will recommend that the matter be taken before the WTO through the initiation of a dispute settlement procedure by 30 June unless an amicable solution can be reached in the interim period," it said. General European government aid to shipyards was banned at the end of last year. Under the "temporary support mechanism" proposed by the Commission, state aid of up to 14 percent would be allowed for building the types of ships where European shipyards had been hard hit by the alleged unfair practices by South Korea, the world's biggest shipbuilder. These are container ships and product and chemical tankers


Ship Values Rise

As the world has been beset by a wave of bad financial news -- from the looming financial crisis and credit crunch to the rapidly escalating cost of industrial materials, particularly steel -- Clarkson via its weekly Clarkson Index delivered some good news for a change, as the index, which is a measure of prices for all types of vessels, rose for the first time in more than three months. According to a Bloomberg report


Daewoo Heavy Approves Split Plan

Daewoo Heavy Industries Co. shareholders approved a plan to split the firm into three companies, officials said. The plan will go into effect May 1. Under the plan, the company will split into shipbuilding firm Daewoo Shipbuilding and Marine Engineering Co., machinery maker Daewoo Heavy Industries and Machinery Ltd. and Daewoo Heavy Industries Co. for the remaining operations. Daewoo Heavy is among the 12 Daewoo Group firms put under a creditors-led debt restructuring program in late August


Report: Korean Shipbuilders Dominate Global Orders

Reports indicate that South Korea's shipbuilders ranked No. 1 through No. 7 worldwide in terms of order backlogs for the first time ever as of the end of February, a London-based market researcher said Monday. Seven domestic shipyards' order backlogs accounted for 35 percent of the global industry's total of 107.34 million compensated gross tons (CGT), Clarkson Plc. said. Hyundai Heavy Industries ranked No. 1 worldwide with an order backlog of 10.82 million CGT, it said.


Korean Shipyards Rank 1-7th in Order Backlogs

South Korean shipyards ranked No. 1 through No. 7 in terms of order backlogs as of the end of April, the Korea Times recently reported. Hyundai Heavy Industries, retained its spot with an order backlog of 11.44 million compensated gross tons (CGT). Samsung Heavy Industries overtook its rival Daewoo Shipbuilding & Marine Engineering Co. with an order backlog of 8.34 million CGTs. Daewoo Shipbuilding was the third-largest shipyard with an order backlog of 7.63 million CGTs


Korean Shipbuilders Place in Top 10 for June Orders

Korean shipbuilders occupied seven out of the top 10 positions in the world last month in terms of orders. Hyundai Heavy Industries was the world’s largest shipyard in terms of order backlog as of late June with 11.74 million compensated gross tons (CGT), British shipbuilding market researcher Clarkson reported. Samsung Heavy Industries came second with an order backlog of 8.27 million CGTs, followed by Daewoo Shipbuilding & Marine Engineering (DSME) with 7


Shipbuilders to Demand More Steel Plates

According to Korea Times, South Korean shipbuilders’ demand for steel plates is expected to continue to rise next year due to an increase in orders, an industry body said Monday. The Korea Shipbuilders’ Association forecast the industry’s demand for steel plates will reach 5.4 million tons next year, up 300,000 tons from this year. Industry sources predict the demand for steel plates is likely to amount to 6 million tons by 2008, a steady increase from 4.6 million tons in 2004


Hyundai to Make a Bid for Daewoo

Hyundai Heavy Industries Co. plans to bid for a $3.1b controlling stake in Daewoo Shipbuilding & Marine Engineering Co. reports said. A preliminary offer will be submitted Wednesday. The preferred bidder will be announced in September and the sale will be completed by the end of October, according to the policy lender. Hyundai Heavy will compete with Posco, GS Group and Hanwha Group for the 50.4 percent holding being sold by state-run Korea Development Bank and Korea Asset Management Corp


Hyundai Heavy $600M Order for LNG Carriers

* Photo: Abdelkader, LNG Carrier Hyundai Heavy built and selected as one of the world’s best ships in 2010.

Hyundai Heavy Industries, the world’s largest shipbuilder, won a $600 million order to build two 155,000 m3 LNG carriers, including an option for another same class vessel, from Greece-based Dynagas Ltd. These membrane-type LNG carriers are due for delivery in the second half of 2013. They will feature the Dual Fuel Diesel Engine System which allows the ship to run on oil fuel or natural gas. Due to tightening global regulations on carbon emissions


Huntington Ingalls Subsidiary Partners With HHIC Holdings

Virginia Beach, Va. - Huntington Ingalls Industries announced that its subsidiary, AMSEC, has signed an agreement with Hanjin Heavy Industries and Construction Philippines Inc., a subsidiary of HHIC Holdings Co. Ltd., to work together in providing maintenance, repair and logistics services to the U.S. Navy and other customers in the western Pacific region. The agreement with HHIC-PHIL allows AMSEC to benefit from Hanjin's state-of-the art shipyard at Subic Bay, Philippines


Indian Prime Minister Visits HHI

Indian Prime Minister Narendra Modi at HHI (Photo: HHI)

Indian prime minister Narendra Modi visited Korean shipbuilder Hyundai Heavy Industries (HHI), seeking increased partnership between the India’s shipbuilding industry and HHI.   HHI is reportedly the only Korean company the prime minister visits during his two-day stay in the country


Trelleborg Provides Floatover Tech to Project in West Africa

Photo: Trelleborg

Trelleborg’s engineered products operation has completed its supply of floatover equipment for Phase 3 of the DSO Escravos Gas Project; the operation’s first floatover in West Africa.   Contracted by Hyundai Heavy Industries (HHI)


HMC Helps Fine-tune Damen Offshore Carrier

Damen Offshore Carrier (Image: HMC)

Damen Shipyards has presented a new shipping concept to the market: the Damen Offshore Carrier (DOC) is specifically designed as a smaller heavy transport vessel suitable for offshore installations.   In cooperation with Damen, independent engineering and consultancy organization HMC


Protea to Launch Heavy-Lift Cranes at Nor-Shipping

Photos courtesy of Protea

Protea, a global manufacturer of offshore handling equipment, will launch two types of heavy lift cranes at Nor-Shipping 2015 in Oslo, June 2-5. Tomasz Paszkiewicz, Protea’s CEO, said, “The target of any marine crane design is to provide high lifting performance whilst minimizing


Damen MultiCat for Scotmarine

MultiCat (Photo: Damen)

New vessel for tidal energy projects in U.K.’s Northern Isles Damen Shipyards Group delivered a Multi Cat 2613 on April 30, 2015 to Orkney, Scotland-based chartering company Scotmarine to be used for offshore tidal activities in Scotland’s Northern Isles.


HHI to Industrialize GTT’s Mark V Technology

GTT (Gaztransport & Technigaz) has signed a cooperation agreement with the South Korean Shipbuilder Hyundai Heavy Industries (HHI) for the industrialization of GTT’s new Mark V technology.   A similar partnership was signed a few weeks ago between GTT and Samsung Heavy Industries


United Heavy Lift's Maiden Call to India

Heavy Lift carrier Mv Lena J called Mumbai and Kandla ports to discharge & load project cargoes

  United Heavy Lift GmBH& Co. KG, Germany commenced operations on 1st April, this year. Lars Rolner, the former owner and Managing Director of SAL established United Heavy Lift this February in Hamburg. They are agents to a fleet of currently 18 HLVs with a lifting capacity ranging


LNG Carrier for Osaka Gas Named LNG Mars

The LNG Venus, a sister ship to the LNG Mars

  Mitsui O.S.K. Lines, Ltd. today announced that the naming ceremony for a newbuilding LNG carrier for Osaka Gas Co., Ltd. was held at the Nagasaki Shipyard of Mitsubishi Heavy Industries, Ltd. The vessel was ordered by MOL and Osaka Gas International Transport, Inc


Marine Design Conference Wraps Up in Tokyo

Photo: ClassNK

The 12th International Marine Design Conference (IMDC) was held in Tokyo from May 11-14, hosted by The Japan Society of Naval Architects and Ocean Engineers, and sponsored by The Shipbuilders' Association of Japan and ClassNK.   IMDC is a global academic conference for the design of marine


Korean Shipyards Bullish on Mega Vessels

20,000 teu vessel Pic by MOL

 As the construction of ultra large container ships gained momentum, Korean shipyards are sweeping up the market, according to a report appeared in Business Korea.   Total orders of 21 container ships exceeding 20,000 TEU in capacity were placed globally from the end of last year to


Japan to Bid on Aussie Sub Replacement Contract

Japan will join competitive bidding to sell Australia a fleet of stealth submarines, the government said on Monday, a move expected to require Tokyo to supply Canberra with classified data. The development comes as Prime Minister Shinzo Abe moves to strengthen security ties with ally the United


Pneumatic Band Saw Certified for Hazardous Environments

Image: CS Unitec

CS Unitec's Pneumatic Band Saw Model 5 6062 0010 Wide Mouth AirBand with planetary gearbox, is engineered to quickly and cleanly cut a wide variety of metals. It is suited for cutting pipe, conduit, bolts, cable, angle iron, I-beams and structural steel


Prepare for Growth, Oil Industry Told

Photo: BP

The North Sea oil and gas industry has been urged to buck the trend and prepare for growth in the near future.   Attendees at an event organized by subsea intervention and commercial diving specialists K.D. Marine in Aberdeen recently, heard an upswing in oil price was imminent and


Newbuild Shuttle Tankers Feature Hybrid EGCS

Eagle Barents (Photo: Clean Marine)

The 120,000 dwt. tankers, Eagle Barents and Eagle Bergen, delivered from Samsung Heavy Industries (SHI), are fitted with Class and Flag State approved exhaust gas cleaning systems (EGCS) provided by Clean Marine. Measurements of exhaust gas emission and washwater criteria are well below the


Kalmar's 18 forklifts for Vix Logistica

Vix Logistica S.A, Brazil, has ordered 18 heavy forklift trucks

  Kalmar, part of Cargotec, has announced an order from Vix Logistica S.A, Brazil, for 18 heavy forklift trucks. The order consists of eight Kalmar DCF300-12LB, two DCE120-6 and eight DCF200-12LB forklift trucks, adding to Vix Logistica's substantial existing Kalmar fleet of 16 heavy






 
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