Hanjin Heavy
Hanjin Heavy Wins $160M In Orders
Hanjin Heavy Industries Co. reportedly won $160 million in contracts from Germany to build four container vessels.
Danaos Corp. Cancels Three Newbuildings
Danaos Corporation (NYSE: DAC) announced that it has entered into an agreement with Hanjin Heavy Industries & Construction Co. Ltd. to cancel three 6,500 TEU newbuilding containerships, initially expected to be delivered in the first half of 2012. The agreement has been reached with the consent of Yang Ming Line who was the charterer of these vessels. Danaos is building another six large containerships with Hanjin Heavy Industries and Construction Co. Ltd
STX Pan Ocean Orders $215M LNG Carrier
STX Pan Ocean has ordered an LNG carrier from Korean shipbuilder Hanjin Heavy Industries and Construction. The vessel will be built at a cost of $215 million. Delivery is expected before 2010. STX Pan Ocean recently reported a 71 percent jump in full-year earnings to $279.8 million on a 20 percent increase in sales to $2.7 billion. Source: ChannelNewAsia
Hanjin Heavy Locks Factories
According to a report from the Korea Times, Hanjin Heavy Industries and Construction (HHIC) imposed a lockout at its main shipbuilding yard and factories Feb. 14, in reaction to a strike against a layoff plan by its union that started on Dec. 20. The company plans to make 190 employees redundant today as it previously announced. (Source: Korea Times)
Hanjin Union Ends 190-Day Strike
According to a report from The Chosun Ilbo, the labor union of Hanjin Heavy Industries and Construction's shipbuilding unit agreed on June 27 to end a strike that has lasted for over six months. The company will not rehire laid-off workers, but will compensate them if they voluntarily retire. Both sides also agreed to drop the legal cases against each other. Source: The Chosun Ilbo
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
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
Danaos Secures Bareboat Charters for Containerships
Danaos Corporation secured 18 year bareboat charters for each of two 6,500 TEU containerships. These vessels are part of the recently placed order with Hanjin Heavy Industries & Construction Co., Ltd. and are expected to be delivered to Danaos in 2009 and 2010. Danaos Corporation also announced that it delivered the bulk carrier Achilleas to Shanghai Time Shipping Co. Ltd. according to schedule. The delivery of this drybulk vessel to their new owners brought proceeds of $25
Philippine Shipyard to Build 10 Container Ships
Hanjin Heavy Industries & Construction's Philippine Shipyard wins contract to build mid-size container ships for European owners Despite the current global economic slowdown, Hanjin Heavy Industries & Construction (HHIC)-Phil's Subic Shipyard has won a bid to build mid-size container ships for the first time this year. The shipbuilder recently announced that it has signed a USD 450 million contract to build ten 5
Danaos Secures Charters for Two Containership Orders
Danaos Corporation has secured 18 year bareboat charters for each of two 6,500 TEU containerships. These vessels are part of the recently placed order with Hanjin Heavy Industries & Construction Co., Ltd. and are expected to be delivered to Danaos in 2009 and 2010. Danaos Corporation also announced today that it delivered the bulk carrier Achilleas to Shanghai Time Shipping Co. LTD according to schedule. The delivery of this drybulk vessel to their new owners brought proceeds of $25
Korean Shipyard Delivers Container Ship ‘Hanjin Argentina’
The 3600 TEU container ship, built under the supervision of Navgathi Marine by Hyundai Sambo delivered to Pacific International Lines. Hanjin Argentina is the third of a series of four such vessels ordered by Pacific International Lines of Singapore from the S. Korea shipbuilders.
CMA CGM Launches Three New Joint Services, Restructures Routes
In view of continuous challenging trading conditions effective from July 2013 CMA CGM, Maersk Line, Hamburg Süd, CSAV, China Shipping Container Lines and Hanjin will restructure their services between the Far East and South America East Coast by launching three new joint services.
ABS Elects New Council and Committee Members
At the 151st Annual Meeting of the Members of ABS, and the subsequent meeting of the ABS Council, industry leaders were elected to serve on a number of bodies that contribute to the operation of the classification society as it fulfills its mission of promoting the security of life and property
Panama Canal, Vehicle Carriers Discuss Expansion Program
As part of the permanent dialogue with the shipping industry, a Panama Canal Authority (ACP) delegation headed by Administrator Jorge L. Quijano visited South Korea to hold discussions with the vehicle carrier market segment and obtain feedback on the future toll structure being developed by the
Diana Containerships Buy 'Hanjin Malta'
Diana Containerships Inc. has taken delivery of the m/v “Hanjin Malta”, a 1993-built Panamax container vessel of 4,024 TEU capacity. The Hanjin Malta is time chartered to Hanjin Shipping Co. Ltd., Seoul, for a period of minimum thirty-six and a half months to maximum thirty-eight
Exmar NV and Teekay LNG Partners Complete Joint-Venture
Exmar NV (NYSE Euronext: EXM) is pleased to announce that together with Teekay LNG Partners L.P. (NYSE: TGP) they have successfully closed their 50/50 LPG joint-venture. The Exmar LPG BVBA joint-venture controls 15 owned Midsize Gas Carriers (MGC)
Korean Company Extends Port of Seattle Berthing Lease
The Port of Seattle Commission approves lease extension with Total Terminals International (TTI), a J/V subsidiary of Hanjin Shipping & Terminal Investment Limited (TIL). The ten-year lease extension will secure continued volume and revenue at Terminal 46 for the next 13 years, through 2025
Philippines Positioned as Ship Repair Hub
The Philippines is ideally positioned in the Asia-Pacific region to repair ocean-going & fishing vessels according to a Japanese study. The report was contained in a study on the ship building and ship repair industry of the Philippines conducted by the Japan International Cooperation
Rio Tinto Marine Registers Another Ship in UK
'RTM Cook', built at Hanjin Heavy Industries in Subic Bay, Philippines, first of eight new RTM bulkers to fly the Red Ensign. Rio Tinto Marine provides services to the Rio Tinto Group to ensure that maximum efficiency is achieved in all of their mine-to-market supply chains
UASC Names Samsung Heavy Built Containership
United Arab Shipping Company increases its fleet with the naming of its ninth containership newbuild from Samsung Heavy Industries shipyard The United Arab Shipping Company (UASC) has named it’s new 13,500 TEU containership Ain Snan at a ceremony in Hamburg
UASC Names 13,500 TEU Containership
United Arab Shipping Company increases its fleet with more 13,500 TEU vessels; The United Arab Shipping Company (UASC) names 13,500 TEU containership in Hamburg on 25 May. The AIN SNAN was delivered after a nine-month building phase in January of this year
Hanjin Deploys Mega-Containerships on NE6 East Asia-Europe Service
During her maiden voyage the HANJIN SOOHO, the Korean shipping company HANJIN’s largest containership to date, berthed in the Port of Hamburg on 4 May 2012. With a slot capacity of 13,100 TEU (20-ft standard containers), this mega-containership was handled at Eurogate Container Terminal
Ship Repair, Maintenance Agreement – HII Subsidiary & Hanjin Heavy Industries
Huntington Ingall Industries subsidiary, AMSEC LLC, & Hanjin Heavy Industries sign ship repair, maintenance services agreement for Subic Bay yard. Huntington Ingalls Industries announce that its subsidiary AMSEC has signed an agreement with Hanjin Heavy Industries and Construction
GE Gas Turbine-Powered Patrol Boats Complete Sea Trials
GE LM500 Gas Turbine-Powered PK(X) Patrol Boats Successfully Complete Sea Trials. GE Marine reports successful performance of its LM500 aeroderivative gas turbines during sea trials on the eighth and ninth PK(X) patrol boats in the Republic of Korea (ROK) Navy’s fleet
Container Carriers Set Reliability Record
Container service reliability reached a new high in the final quarter of 2011 with an on-time average of 69% across all the trades covered by Drewry’s Schedule Reliability Insight report, just published. The latest result was up by 6 percentage points over the previous quarter